Gas Technology Equipment was Baker Hughes’s largest segment in fiscal 2025, bringing in $6.62B of $27.73B (24%).
| Segment | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales Of Goods | — | — | — | — | ||||||
| Goods | — | — | — | — | ||||||
| Sales Of Services | — | — | — | — | ||||||
| Services | — | — | — | — | ||||||
| Gas Technology Equipment | $2.60B | $4.23B | $5.69B | $6.62B | ||||||
| Gas Technology - Equipment | — | — | — | — | ||||||
| Well Construction | $3.85B | $4.39B | $4.15B | $3.65B | ||||||
| Completions, Intervention, & Measurements | $3.56B | $4.17B | $4.15B | $3.75B | ||||||
| Completions, Intervention Measurements | — | — | — | — | ||||||
| Production Solutions | $3.59B | $3.85B | $3.86B | $3.81B | ||||||
| Subsea Surface Pressure Systems | $2.23B | $2.95B | $3.47B | $3.12B | ||||||
| Gas Technology Services | $2.44B | $2.60B | $2.80B | $3.03B | ||||||
| Gas Technology - Services | — | — | — | — | ||||||
| Industrial Products | $1.70B | $1.96B | $2.04B | $1.99B | ||||||
| Industrial Solutions | $884.00M | $983.00M | $1.07B | $1.12B | ||||||
| Inspection | — | — | — | — | ||||||
| Pumps, Valves Gears | — | — | — | — | ||||||
| Condition Monitoring | — | — | — | — | ||||||
| Psi Controls | — | — | — | — | ||||||
| Climate Technology Solutions | $98.00M | $326.00M | $605.00M | $647.00M | ||||||
| Controls | $208.00M | $41.00M | — | — | ||||||
| Total | $21.16B | $25.51B | $27.83B | $27.73B |
Baker Hughes brought in $27.73B from its nine segments in fiscal 2025, the year ended December 31, 2025. That was down 0.3% from $27.83B in fiscal 2024. Gas Technology Equipment was the largest at $6.62B (23.9%), ahead of Production Solutions at $3.81B (13.7%) and Completions, Intervention, & Measurements at $3.75B (13.5%). The other six segments brought in $13.56B combined.
Compared with fiscal 2024, Gas Technology Equipment grew fastest, up 16.3% to $6.62B, while Well Construction fell the most, down 12.0% to $3.65B.
Baker Hughes stopped reporting Controls as a separate segment after fiscal 2023, when it brought in $41.00M.
Non-Us was Baker Hughes’s largest region in fiscal 2025, bringing in $20.03B of $28.13B (71%).
| Geography | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Non-Us | $16.21B | $18.95B | $20.45B | $20.03B | ||||||
| Non-U.S | — | — | — | — | ||||||
| Canada | — | — | — | — | ||||||
| U.S | — | — | — | — | ||||||
| Middle East/Asia | — | — | — | $5.67B | ||||||
| North America | — | $4.12B | $3.96B | — | ||||||
| Europe/Cis/Sub-Saharan Africa | $2.48B | $2.66B | $3.25B | — | ||||||
| Latin America | $2.10B | — | — | $2.42B | ||||||
| Total | $20.80B | $25.72B | $27.65B | $28.13B |
Baker Hughes brought in $28.13B from its three regions in fiscal 2025, the year ended December 31, 2025. Baker Hughes regrouped these regions after fiscal 2024, so the total does not compare directly with that year's $27.65B. Non-Us was the largest at $20.03B (71.2%), ahead of Middle East/Asia at $5.67B (20.2%) and Latin America at $2.42B (8.6%).
Baker Hughes began breaking out Middle East/Asia in fiscal 2025, when it brought in $5.67B. Baker Hughes stopped reporting North America ($3.96B in fiscal 2024) and Europe/Cis/Sub-Saharan Africa ($3.25B in fiscal 2024) as separate regions.
Baker Hughes (BKR) reports its revenue by segment and by geography. In fiscal 2025, Gas Technology Equipment was its largest segment, bringing in $6.62B (23.9% of the total), followed by Production Solutions at $3.81B (13.7%).
Gas Technology Equipment was Baker Hughes' largest segment in fiscal 2025, bringing in $6.62B, or 23.9% of the $27.73B total across its nine segments.
Non-Us was Baker Hughes' largest region in fiscal 2025, bringing in $20.03B, or 71.2% of the $28.13B total across its three regions.
Among Baker Hughes' segments that make up at least 2% of revenue, Gas Technology Equipment grew fastest in fiscal 2025, up 16.3% from $5.69B to $6.62B.
Every figure comes from Baker Hughes' annual financial filings, as reported. Each line keeps the name Baker Hughes gives it, and years follow its fiscal calendar.
Baker Hughes' revenue by segment goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.