What does industrial & energy technology — goodwill mean?

Represents the excess of the purchase price over the fair value of identifiable net assets acquired within the Industrial & Energy Technology segment. It reflects the premium paid for intangible assets such as brand reputation, customer relationships, and proprietary technology. Changes in this balance indicate historical M&A activity and potential impairment assessments.

Baker Hughes (BKR) Industrial & Energy Technology — Goodwill

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Other segment segments

Oilfield Services & Equipment

$1.56B—

Similar metrics at other companies

COHRIndustrial — Goodwill

$3.25B—

GGGIndustrial — Goodwill

$270.93M+18.0%

MOG.AIndustrial — Goodwill

$366.59M+2.9%

LFUSIndustrial — Goodwill

$296.06M+116%

MKLIndustrial — Goodwill

$855.27M-3.5%

ULSIndustrial — Goodwill

$374M+8.7%

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

See full

Cash & equivalents$15.7B+409%

Total debt$16.3B—

Total equity$19.9B+12.5%

Total assets$52.6B+35.8%

Cash flow

See full

Operating cash flow$1.3B+164%

CapEx$300.0M-0.3%

Free cash flow$1.0B+400%

Valuation

See full

Market cap$63.6B+51.1%

Enterprise value$64.13B—

P/E20.5×+6.7×

P/S2.3×+0.8×

Profitability

See full

Gross margin18.6%—

Operating margin11.1%+2.0pp

Net margin11.2%+0.1pp

FCF margin11.3%+3.4pp

Returns & leverage

See full

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:Goodwill.

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 item	Oilfield Services & Equipment	Industrial & Energy Technology	Total
Balance at December 31, 2024	$1,547	$4,531	$6,078
Acquisitions	—	254	254
Currency exchange and other	9	149	158
Classified as held for sale	—	(422)	(422)
Balance at December 31, 2025	1,556	4,512	6,068
Currency exchange and other	6	(16)	(10)
Classified as held for sale	—	(492)	(492)
Balance at June 30, 2026	$1,562	$4,004	$5,566

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Baker Hughes's industrial & energy technology — goodwill?: Baker Hughes (BKR) reported industrial & energy technology — goodwill of $4B in Q2 2026.
What does industrial & energy technology — goodwill mean?: Represents the excess of the purchase price over the fair value of identifiable net assets acquired within the Industrial & Energy Technology segment. It reflects the premium paid for intangible assets such as brand reputation, customer relationships, and proprietary technology. Changes in this balance indicate historical M&A activity and potential impairment assessments.