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Baker Hughes BKR Oilfield Services & Equipment — Costs

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Industrial & Energy Technology
$2.38B+12.8%

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Other financials

Income statement

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Revenue$6.6B+2.5%
Operating income$665.0M+2.2%
Net income$930.0M+131%
EPS (diluted)$0.75+56.0%

Balance sheet

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Cash & equivalents$14.8B+351%
Total debt$615.0M-8.6%
Total equity$19.3B+13.3%
Total assets$50.9B+33.6%

Cash flow

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Operating cash flow$500.0M-29.5%
CapEx$336.0M+12.0%
Free cash flow$164.0M-59.9%

Valuation

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Market cap$55.93B+44.8%
P/E18×+4.7×
P/S+0.6×

Profitability

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Gross margin18.6%
Operating margin11.1%+2.0pp
Net margin11.2%+0.7pp
FCF margin8.2%+1.0pp

Returns & leverage

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Return on equity17.1%-0.9pp
Debt / equity0.0×
Current ratio2.1×+0.8×

Where this comes from

Reported directly by Baker Hughes in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Baker Hughes’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Baker Hughes's oilfield services & equipment — costs?
Baker Hughes (BKR) reported oilfield services & equipment — costs of $2.69B in Q1 2026.
How has Baker Hughes's oilfield services & equipment — costs changed year-over-year?
Baker Hughes's oilfield services & equipment — costs decreased by 4.5% year-over-year, from $2.82B to $2.69B.
What is the long-term trend for Baker Hughes's oilfield services & equipment — costs?
Over 3 years (2022 to 2025), Baker Hughes's oilfield services & equipment — costs has grown at a 2.2% compound annual growth rate (CAGR), from -$10.79B to $11.53B.
What does oilfield services & equipment — costs mean?
The total operating expenses incurred to deliver products and services within the Oilfield Services & Equipment segment, including cost of goods sold and direct operational overhead. This metric is critical for assessing the segment's operational efficiency and margin profile.