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Baker Hughes BKR Industrial & Energy Technology — Costs

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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 us-gaap:CostOfGoodsAndServicesSold.

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
Line itemThree Months Ended June 30, 2026 / OFSEThree Months Ended June 30, 2026 / IETThree Months Ended June 30, 2026 / TotalSix Months Ended June 30, 2026 / OFSESix Months Ended June 30, 2026 / IETSix Months Ended June 30, 2026 / Total
Revenue$3,451$3,291$6,742$6,688$6,641$13,329
Cost of goods and services sold(2,849)(2,311)(5,160)(5,540)(4,692)(10,232)
Research and development costs(60)(83)(143)(114)(163)(277)
Selling, general and administrative(205)(282)(487)(409)(566)(975)
Other income235189
Add: Depreciation and amortization26660326544128672
Segment EBITDA$605$678$1,283$1,170$1,356$2,526

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Baker Hughes's industrial & energy technology — costs?
Baker Hughes (BKR) reported industrial & energy technology — costs of $2.31B in Q2 2026.
How has Baker Hughes's industrial & energy technology — costs changed year-over-year?
Baker Hughes's industrial & energy technology — costs decreased by 3.3% year-over-year, from $2.39B to $2.31B.
What is the long-term trend for Baker Hughes's industrial & energy technology — costs?
Over 3 years (2022 to 2025), Baker Hughes's industrial & energy technology — costs has grown at a 21.6% compound annual growth rate (CAGR), from -$5.34B to $9.59B.
What does industrial & energy technology — costs mean?
The aggregate expenses incurred to produce and deliver the products and services within the Industrial & Energy Technology segment. This includes cost of goods sold, manufacturing overhead, and direct service delivery costs. It is a key metric for evaluating the segment's operational efficiency and margin profile.

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