Baker Hughes (BKR) Operating Margin (2016 - 2026)
Baker Hughes' (BKR) quarterly Operating Margin came in at 12.74% in Q2 2026, down 31.0% on a YoY basis from 18.47% in Q2 2025, and up 7.32% quarter-over-quarter from 11.87% in Q1 2026.
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Baker Hughes (BKR) Operating Margin (2016 - 2026) Analysis & Trends
Baker Hughes (BKR) has reported Operating Margin for 11 consecutive years, with 12.74% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 31.0% year-over-year to 12.74%; the trailing twelve-month figure through Jun 2026 stood at 12.93% (up 109.0% YoY), and the FY2025 full-year result was 12.28%, up 121.0% from the prior year.
- Operating Margin rose to 12.74% in Q2 2026 per BKR's latest filing, from 11.87% in the prior quarter.
- Across five years, Operating Margin topped out at 13.59% in Q3 2025 and bottomed at 0.5% in Q2 2022.
- Historically, Operating Margin has averaged 9.92% across 5 years, with a median of 10.99% in 2023.
- The sharpest annual moves came in 2022 and 2023: Operating Margin sank 427 bps in 2022, then soared 863 bps in 2023.
- Over 5 years, Operating Margin stood at 11.23% in 2022, then decreased by 15 bps to 9.52% in 2023, then declined by 5 bps to 9.03% in 2024, then jumped by 49 bps to 13.43% in 2025, then declined by 5 bps to 12.74% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 12.74%, 11.87%, and 13.43% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.35 Bn | 82.46 Bn | 4.63 Bn | 48.02% |
| 2 | Baker Hughes | 63.03 Bn | 47.48 Bn | 1.58 Bn | 12.74% |
| 3 | Halliburton | 30.89 Bn | 28.89 Bn | 2.10 Bn | 13.62% |
| 4 | Weatherford International | 6.88 Bn | 5.75 Bn | 662.00 Mn | 9.68% |
| 5 | Kodiak Gas Services | 6.31 Bn | 6.18 Bn | 246.76 Mn | 31.76% |
| 6 | Tidewater | 4.69 Bn | 4.07 Bn | 161.54 Mn | 18.27% |
| 7 | USA Compression Partners | 3.95 Bn | 3.94 Bn | 217.36 Mn | 29.34% |
| 8 | National Energy Services Reunited | 3.50 Bn | 3.32 Bn | 81.29 Mn | 12.45% |
| 9 | Liberty Energy | 3.36 Bn | 2.80 Bn | 208.34 Mn | 1.07% |
| 10 | Select Water Solutions | 2.55 Bn | 2.61 Bn | 76.84 Mn | 8.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.74% |
| Mar 31, 2026 | 11.87% |
| Dec 31, 2025 | 13.43% |
| Sep 30, 2025 | 13.59% |
| 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% |
| Sep 30, 2021 | 7.42% |