Deferred Income — Progress collections and deferred income
Baker Hughes Deferred Income — Progress collections and deferred income decreased by 10.8% to $132.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 0.8%, from $133.00M to $132.00M. Over 4 years (FY 2021 to FY 2025), Deferred Income — Progress collections and deferred income shows an upward trend with a 3.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong order intake and successful negotiation of favorable payment terms, while a decrease may indicate a slowdown in project execution or a reduction in new contract bookings.
Detailed definition
This metric represents the liability arising from advance payments or progress billings received from customers for good...
Peer comparison
Peers in the industrial and oilfield services sectors often report this as contract liabilities or deferred revenue, with higher levels typically correlating with large-scale, multi-year project backlogs.
bkr_segment_deferred_income_progress_collections_and_deferred_incomeHistorical 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 | $122.00M | $123.00M | $124.00M | $132.00M | $116.00M | $118.00M | $109.00M | $152.00M | $151.00M | $141.00M | $137.00M | $138.00M | $147.00M | $154.00M | $122.00M | $133.00M | $131.00M | $136.00M | $148.00M | $132.00M |
| QoQ Change | — | +0.8% | +0.8% | +6.5% | -12.1% | +1.7% | -7.6% | +39.4% | -0.7% | -6.6% | -2.8% | +0.7% | +6.5% | +4.8% | -20.8% | +9.0% | -1.5% | +3.8% | +8.8% | -10.8% |
| YoY Change | — | — | — | — | -4.9% | -4.1% | -12.1% | +15.2% | +30.2% | +19.5% | +25.7% | -9.2% | -2.6% | +9.2% | -10.9% | -3.6% | -10.9% | -11.7% | +21.3% | -0.8% |
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Frequently Asked Questions
- What is Baker Hughes's deferred income — progress collections and deferred income?
- Baker Hughes (BKR) reported deferred income — progress collections and deferred income of $132.00M in Q1 2026.
- How has Baker Hughes's deferred income — progress collections and deferred income changed year-over-year?
- Baker Hughes's deferred income — progress collections and deferred income decreased by 0.8% year-over-year, from $133.00M to $132.00M.
- What is the long-term trend for Baker Hughes's deferred income — progress collections and deferred income?
- Over 4 years (2021 to 2025), Baker Hughes's deferred income — progress collections and deferred income has grown at a 3.5% compound annual growth rate (CAGR), from $478.00M to $548.00M.
- What does deferred income — progress collections and deferred income mean?
- This is the amount of money the company has collected from customers for work that has not yet been completed.