Baker Hughes (BKR) Return on Capital Employed [ROCE] (2017 - 2026)
Baker Hughes' Return on Capital Employed [ROCE] came in at 9.65% for Q2 2026, down 2.97 percentage points from 12.62% a year earlier and down 1.52 percentage points from the prior quarter.
Powered by 
Analysis
Baker Hughes (BKR) Return on Capital Employed [ROCE] (2017 - 2026) Analysis & Trends
For FY2025, Baker Hughes' Return on Capital Employed [ROCE] was 13.23%, up 0.73 percentage points from FY2024.
- Return on Capital Employed [ROCE] has increased in each of the last five years, with a five-year change of +58.28 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 12.49% in FY2024 (+2.23 pp), 10.26% in FY2023 (+5.26 pp), 5.01% in FY2022 (+0.25 pp) and 4.76% in FY2021 (+49.82 pp).
- The Q2 2026 figure represents the lowest quarterly Return on Capital Employed [ROCE] since Q2 2023.
- Year-over-year, Return on Capital Employed [ROCE] increased in five of the last eight quarters, with an average year-over-year change of +0.64 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q4 2021 (a gain of 63.18 percentage points), and the weakest in Q2 2026 (a drop of 2.97 percentage points).
- Business Quant data shows BKR's Return on Capital Employed [ROCE] at 11.17% (Q1 2026), 13.83% (Q4 2025) and 12.40% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 75.75 Bn | 72.19 Bn | 1.57 Bn | 11.29% |
| 2 | Baker Hughes | 48.33 Bn | 10.06 Bn | 1.96 Bn | 14.16% |
| 3 | Halliburton | 27.11 Bn | 19.06 Bn | 840.00 Mn | 14.18% |
| 4 | TechnipFMC | 25.53 Bn | 21.50 Bn | 728.70 Mn | 33.29% |
| 5 | Noble | 6.85 Bn | 4.92 Bn | 228.22 Mn | 5.53% |
| 6 | Nov | 6.35 Bn | 1.30 Bn | 439.00 Mn | 5.33% |
| 7 | Weatherford International | 6.08 Bn | 1.82 Bn | 374.00 Mn | 16.42% |
| 8 | Transocean | 6.08 Bn | 4.12 Bn | 348.00 Mn | 5.95% |
| 9 | Valaris | 5.60 Bn | 3.36 Bn | 176.30 Mn | 4.08% |
| 10 | Kodiak Gas Services | 4.48 Bn | 4.15 Bn | 259.04 Mn | 8.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.16% |
| Jun 30, 2026 | 14.10% |
| Mar 31, 2026 | 16.07% |
| Dec 31, 2025 | 19.48% |
| Sep 30, 2025 | 16.41% |
| Jun 30, 2025 | 15.36% |
| Mar 31, 2025 | 13.85% |
| Dec 31, 2024 | 12.35% |
| Sep 30, 2024 | 12.62% |
| Jun 30, 2024 | 11.73% |
| Mar 31, 2024 | 10.61% |
| Dec 31, 2023 | 9.75% |
| Sep 30, 2023 | 9.85% |
| Jun 30, 2023 | 8.10% |
| Mar 31, 2023 | 5.85% |
| Dec 31, 2022 | 5.25% |
| Sep 30, 2022 | 4.57% |
| Jun 30, 2022 | 4.82% |
| Mar 31, 2022 | 5.48% |
| Dec 31, 2021 | 4.96% |
API Access
Baker Hughes Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=BKR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=BKR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();