Product — Costs
Baker Hughes Product — Costs decreased by 11.2% to $3.43B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.1%, from $3.33B to $3.43B. Over 4 years (FY 2021 to FY 2025), Product — Costs shows an upward trend with a 8.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue suggests margin compression due to rising input costs or manufacturing inefficiencies, while a decrease relative to revenue suggests improved operational leverage or cost control.
Detailed definition
This metric captures the direct costs associated with the production, manufacturing, and delivery of physical goods sold...
Peer comparison
Comparable to 'Cost of Goods Sold' (COGS) specifically allocated to product segments at other diversified industrial and energy equipment manufacturers.
bkr_segment_sales_of_goods_costsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.67B | $2.56B | $2.69B | $2.37B | $2.50B | $2.64B | $2.95B | $2.98B | $3.26B | $3.47B | $3.61B | $3.40B | $3.78B | $3.58B | $4.03B | $3.33B | $3.60B | $3.59B | $3.86B | $3.43B |
| QoQ Change | — | -4.2% | +5.0% | -12.0% | +5.5% | +5.8% | +11.6% | +1.3% | +9.2% | +6.5% | +4.0% | -5.7% | +11.1% | -5.3% | +12.5% | -17.4% | +8.2% | -0.2% | +7.5% | -11.2% |
| YoY Change | — | — | — | — | -6.7% | +3.0% | +9.5% | +26.0% | +30.5% | +31.4% | +22.4% | +14.1% | +16.1% | +3.3% | +11.8% | -2.1% | -4.7% | +0.3% | -4.1% | +3.1% |
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Frequently Asked Questions
- What is Baker Hughes's product — costs?
- Baker Hughes (BKR) reported product — costs of $3.43B in Q1 2026.
- How has Baker Hughes's product — costs changed year-over-year?
- Baker Hughes's product — costs increased by 3.1% year-over-year, from $3.33B to $3.43B.
- What is the long-term trend for Baker Hughes's product — costs?
- Over 4 years (2021 to 2025), Baker Hughes's product — costs has grown at a 8.3% compound annual growth rate (CAGR), from $10.46B to $14.39B.
- What does product — costs mean?
- The total direct expenses incurred to manufacture and supply the physical products sold.