Progress Collections — Progress collections and deferred income
Baker Hughes Progress Collections — Progress collections and deferred income increased by 1.9% to $5.87B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.5%, from $5.46B to $5.87B. Over 4 years (FY 2021 to FY 2025), Progress Collections — Progress collections and deferred income shows an upward trend with a 14.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong customer demand and improved cash flow positioning, while a decrease may indicate a slowdown in new project bookings or a shift in contract payment terms.
Detailed definition
This metric represents the cash received from customers in advance of the delivery of goods or the completion of long-te...
Peer comparison
Similar to 'contract liabilities' or 'deferred revenue' at other industrial and energy service firms, reflecting the strength of the order backlog and working capital efficiency.
bkr_segment_progress_collections_progress_collections_and_deferred_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.35B | $3.14B | $3.11B | $3.35B | $3.17B | $3.14B | $3.71B | $4.28B | $4.95B | $5.05B | $5.41B | $5.57B | $5.36B | $5.53B | $5.55B | $5.46B | $5.55B | $5.38B | $5.76B | $5.87B |
| QoQ Change | — | -6.1% | -1.0% | +7.8% | -5.3% | -0.9% | +18.1% | +15.3% | +15.6% | +1.9% | +7.1% | +3.1% | -3.8% | +3.2% | +0.3% | -1.7% | +1.7% | -3.1% | +7.1% | +1.9% |
| YoY Change | — | — | — | — | -5.1% | +0.1% | +19.5% | +27.9% | +56.0% | +60.5% | +45.6% | +30.1% | +8.3% | +9.6% | +2.7% | -2.1% | +3.5% | -2.8% | +3.7% | +7.5% |
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Frequently Asked Questions
- What is Baker Hughes's progress collections — progress collections and deferred income?
- Baker Hughes (BKR) reported progress collections — progress collections and deferred income of $5.87B in Q1 2026.
- How has Baker Hughes's progress collections — progress collections and deferred income changed year-over-year?
- Baker Hughes's progress collections — progress collections and deferred income increased by 7.5% year-over-year, from $5.46B to $5.87B.
- What is the long-term trend for Baker Hughes's progress collections — progress collections and deferred income?
- Over 4 years (2021 to 2025), Baker Hughes's progress collections — progress collections and deferred income has grown at a 14.5% compound annual growth rate (CAGR), from $12.88B to $22.14B.
- What does progress collections — progress collections and deferred income mean?
- Cash received from customers before the company has fully delivered the contracted goods or services.