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Baker Hughes BKR Industrial & Energy Technology — CapEx

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Other financials

Income statement

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Revenue$6.7B-2.4%
Operating income$665.0M+2.2%
Net income$681.0M-2.9%
EPS (diluted)$0.68-4.2%

Balance sheet

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Cash & equivalents$15.7B+409%
Total debt$16.3B
Total equity$19.9B+12.5%
Total assets$52.6B+35.8%

Cash flow

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Operating cash flow$1.3B+164%
CapEx$300.0M-0.3%
Free cash flow$1.0B+400%

Valuation

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Market cap$63.6B+51.1%
Enterprise value$64.13B
P/E20.5×+6.7×
P/S2.3×+0.8×

Profitability

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Gross margin18.6%
Operating margin11.1%+2.0pp
Net margin11.2%+0.1pp
FCF margin11.3%+3.4pp

Returns & leverage

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Return on equity16.5%-1.9pp
Debt / equity0.8×
Current ratio2.1×+0.7×

Where this comes from

Reported directly by Baker Hughes in its filing.

Tagged under the XBRL concept bkr:CapitalExpenditures.

The source filing: Baker Hughes’s 10-Q, filed July 27, 2026.

Filed
Jul 27, 2026, 4:12 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001701605-26-000023
Capital expendituresThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
OFSE$197$213$415$414
IET8769191154
Total segment284282606568
Corporate16193033
Total$300$301$636$601

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Baker Hughes's industrial & energy technology — capex?
Baker Hughes (BKR) reported industrial & energy technology — capex of $87M in Q2 2026.
How has Baker Hughes's industrial & energy technology — capex changed year-over-year?
Baker Hughes's industrial & energy technology — capex increased by 26.1% year-over-year, from $69M to $87M.
What is the long-term trend for Baker Hughes's industrial & energy technology — capex?
Over 2 years (2023 to 2025), Baker Hughes's industrial & energy technology — capex has grown at a 19.1% compound annual growth rate (CAGR), from $229M to $325M.
What does industrial & energy technology — capex mean?
This reflects the cash outflows used by the Industrial & Energy Technology segment to acquire, upgrade, or maintain physical assets such as manufacturing facilities and specialized equipment. It serves as a key indicator of the segment's commitment to growth, technological innovation, and long-term maintenance of its industrial and energy infrastructure. High levels of expenditure often precede capacity expansion or the development of new product lines.

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