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Baker Hughes BKR Oilfield Services & Equipment — Goodwill

Other segment segments

Industrial & Energy Technology
$4.41B

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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: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 itemOilfield Services & EquipmentIndustrial & Energy TechnologyTotal
Balance at December 31, 2024$1,547$4,531$6,078
Acquisitions254254
Currency exchange and other9149158
Classified as held for sale(422)(422)
Balance at December 31, 20251,5564,5126,068
Currency exchange and other6(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 oilfield services & equipment — goodwill?
Baker Hughes (BKR) reported oilfield services & equipment — goodwill of $1.56B in Q2 2026.
What does oilfield services & equipment — goodwill mean?
Represents the excess of the purchase price over the fair value of identifiable net assets acquired within the Oilfield Services & Equipment segment. This reflects the premium paid for intangible assets such as brand reputation, customer relationships, and proprietary technology specific to oilfield operations.

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