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Baker Hughes BKR Oilfield Services & Equipment — CapEx

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$87M+26.1%

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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 oilfield services & equipment — capex?
Baker Hughes (BKR) reported oilfield services & equipment — capex of $197M in Q2 2026.
How has Baker Hughes's oilfield services & equipment — capex changed year-over-year?
Baker Hughes's oilfield services & equipment — capex decreased by 7.5% year-over-year, from $213M to $197M.
What is the long-term trend for Baker Hughes's oilfield services & equipment — capex?
Over 2 years (2023 to 2025), Baker Hughes's oilfield services & equipment — capex has grown at a -3.9% compound annual growth rate (CAGR), from $960M to $887M.
What does oilfield services & equipment — capex mean?
Capital expenditures represent the cash outflows used by the Oilfield Services and Equipment segment to acquire, upgrade, or maintain physical assets such as drilling machinery, specialized equipment, and facilities. This metric is a key indicator of the segment's long-term growth strategy and its commitment to technological innovation. High levels of expenditure typically signal an expectation of future growth or a need to modernize the service fleet.

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