Baker Hughes (BKR) Operating Margin (2016 - 2026)
Baker Hughes' Operating Margin came in at 12.74% for Q2 2026, down 0.31 percentage points from 13.05% a year earlier but up 0.87 percentage points from the prior quarter.
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Analysis
Baker Hughes (BKR) Operating Margin (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Baker Hughes reported Operating Margin of 12.93%, up 1.09 percentage points year-over-year; for FY2025, it came in at 12.28%, up 1.21 percentage points from FY2024.
- Operating Margin has increased in each of the last three years, with a five-year change of +89.45 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 11.07% in FY2024 (+1.99 pp), 9.08% in FY2023 (+3.48 pp), 5.60% in FY2022 (-0.79 pp) and 6.39% in FY2021 (+83.56 pp).
- The five-year range for quarterly Operating Margin is -0.50% (Q2 2022) to 13.59% (Q3 2025).
- Year-over-year, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of +1.19 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2023 (a gain of 8.63 percentage points), and the weakest in Q2 2022 (a drop of 4.27 percentage points).
- Business Quant data shows BKR's Operating Margin at 11.87% (Q1 2026), 13.43% (Q4 2025) and 13.59% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 73.81 Bn | 70.26 Bn | 1.57 Bn | 12.05% |
| 2 | Baker Hughes | 47.88 Bn | 9.61 Bn | 1.96 Bn | 13.05% |
| 3 | Halliburton | 26.33 Bn | 18.23 Bn | 840.00 Mn | 10.94% |
| 4 | TechnipFMC | 25.25 Bn | 21.22 Bn | 728.70 Mn | 18.23% |
| 5 | Noble | 6.55 Bn | 4.63 Bn | 228.22 Mn | 8.24% |
| 6 | Nov | 6.31 Bn | 1.20 Bn | 439.00 Mn | 6.38% |
| 7 | Weatherford International | 6.04 Bn | 1.78 Bn | 374.00 Mn | 13.39% |
| 8 | Transocean | 5.85 Bn | 3.89 Bn | 348.00 Mn | 15.26% |
| 9 | Valaris | 5.52 Bn | 3.27 Bn | 176.30 Mn | 13.70% |
| 10 | Kodiak Gas Services | 4.21 Bn | 3.97 Bn | 246.76 Mn | 31.76% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.05% |
| Jun 30, 2026 | 12.74% |
| Mar 31, 2026 | 11.87% |
| Dec 31, 2025 | 10.05% |
| Sep 30, 2025 | 13.74% |
| Jun 30, 2025 | 13.05% |
| Mar 31, 2025 | 12.03% |
| Dec 31, 2024 | 9.03% |
| Sep 30, 2024 | 13.46% |
| Jun 30, 2024 | 11.67% |
| Mar 31, 2024 | 10.17% |
| Dec 31, 2023 | 9.52% |
| Sep 30, 2023 | 10.75% |
| Jun 30, 2023 | 8.14% |
| Mar 31, 2023 | 7.66% |
| Dec 31, 2022 | 11.23% |
| Sep 30, 2022 | 5.01% |
| Jun 30, 2022 | -0.50% |
| Mar 31, 2022 | 5.77% |
| Dec 31, 2021 | 10.46% |
API Access
Baker Hughes Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=BKR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "BKR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=BKR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();