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.
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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 | 72.22 Bn | 69.33 Bn | 1.40 Bn | 11.42% |
| 2 | Baker Hughes | 55.21 Bn | 18.49 Bn | 1.58 Bn | 9.65% |
| 3 | TechnipFMC | 27.04 Bn | 23.19 Bn | 684.70 Mn | -133.92% |
| 4 | Halliburton | 26.59 Bn | 18.34 Bn | 804.00 Mn | 13.06% |
| 5 | Nov | 6.76 Bn | 1.55 Bn | 521.00 Mn | 5.00% |
| 6 | Noble | 6.66 Bn | 4.59 Bn | 239.27 Mn | 5.17% |
| 7 | Transocean | 5.85 Bn | 3.56 Bn | 358.00 Mn | -7.15% |
| 8 | Weatherford International | 5.63 Bn | 1.57 Bn | 333.00 Mn | 16.47% |
| 9 | Valaris | 5.51 Bn | 3.13 Bn | 123.70 Mn | 5.20% |
| 10 | Kodiak Gas Services | 5.41 Bn | 5.17 Bn | 246.76 Mn | 8.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.65% |
| Mar 31, 2026 | 11.17% |
| Dec 31, 2025 | 13.83% |
| Sep 30, 2025 | 12.40% |
| Jun 30, 2025 | 12.62% |
| Mar 31, 2025 | 12.48% |
| 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% |
| Sep 30, 2021 | 3.42% |
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();