Gas Technology Equipment was Baker Hughes’s largest product and service line in fiscal 2025, bringing in $6.62B of $27.73B (24%).
| Product and Service | 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 | ||||||
| Total Industrial Technology | — | $2.99B | — | — | ||||||
| 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 | — | $2.04B | $1.99B | ||||||
| Industrial Solutions | $884.00M | — | $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 | — | — | — | ||||||
| Total | $21.16B | $25.51B | $27.83B | $27.73B |
Baker Hughes brought in $27.73B from its nine product and service lines 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 lines 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 Total Industrial Technology ($2.99B in fiscal 2023) and Controls ($208.00M in fiscal 2022) as separate lines.
Oilfield Services & Equipment was Baker Hughes’s largest segment in fiscal 2025, bringing in $14.32B of $27.73B (52%).
| Segment | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Oilfield Services & Equipment | $13.23B | $15.36B | $15.63B | $14.32B | |||||||
| Industrial & Energy Technology | $7.93B | $10.15B | $12.20B | $13.41B | |||||||
| Oilfield Services | — | — | — | — | |||||||
| Turbo-Machinery & Process Solutions | — | — | — | — | |||||||
| Oilfield Equipment | — | — | — | — | |||||||
| Digital Solutions | — | — | — | — | |||||||
| Total | $21.16B | $25.51B | $27.83B | $27.73B |
Baker Hughes brought in $27.73B from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 0.3% from $27.83B in fiscal 2024. Oilfield Services & Equipment was the largest at $14.32B (51.6%), ahead of Industrial & Energy Technology at $13.41B (48.4%).
Compared with fiscal 2024, Industrial & Energy Technology grew 9.9% to $13.41B, while Oilfield Services & Equipment fell 8.3% to $14.32B. From fiscal 2022 to 2025, combined revenue from these segments grew from $21.16B to $27.73B, a compound annual growth rate of 9.4%. Oilfield Services & Equipment's share of the total fell from 62.5% to 51.6%.
Non-Us was Baker Hughes’s largest region in fiscal 2025, bringing in $20.03B of $27.73B (72%).
| Geography | FY 2015 | 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 | — | — | — | — | |||||||
| United States | $4.94B | $6.56B | $7.38B | $7.70B | |||||||
| U.S | — | — | — | — | |||||||
| Total | $21.16B | $25.51B | $27.83B | $27.73B |
Baker Hughes brought in $27.73B from its two regions in fiscal 2025, the year ended December 31, 2025. That was down 0.3% from $27.83B in fiscal 2024. Non-Us was the largest at $20.03B (72.2%), ahead of United States at $7.70B (27.8%).
Compared with fiscal 2024, United States grew 4.3% to $7.70B, while Non-Us fell 2.0% to $20.03B. From fiscal 2022 to 2025, combined revenue from these regions grew from $21.16B to $27.73B, a compound annual growth rate of 9.4%. Non-Us' share of the total fell from 76.6% to 72.2%.
Baker Hughes (BKR) reports its revenue by product and service, by segment and by geography. In fiscal 2025, Gas Technology Equipment was its largest product and service line, 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 product and service line in fiscal 2025, bringing in $6.62B, or 23.9% of the $27.73B total across its nine product and service lines.
Oilfield Services & Equipment was Baker Hughes' largest segment in fiscal 2025, bringing in $14.32B, or 51.6% of the $27.73B total across its two segments.
Non-Us was Baker Hughes' largest region in fiscal 2025, bringing in $20.03B, or 72.2% of the $27.73B total across its two regions.
Among Baker Hughes' product and service lines 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 product and service 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.