Baker Hughes BKR Progress Collections — Progress collections and deferred income

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Similar metrics at other companies

WHDProgress collections — Contract Liabilities

$3.2M—

GEChange in Progress Collections

$55M-58.3%

TGLSProgress Payments Netted Against Inventory For Long Term Contracts Or Programs

$50.83M+2.6%

DXPECustomer advances

$13.11M-2.7%

JBTMAdvance and progress payments

$50M+56.3%

JBTMAdvance and progress payments

$561M+13.1%

Questions, answered.

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?

This metric represents the cash received from customers in advance of the delivery of goods or the completion of long-term service contracts. It serves as a critical indicator of customer commitment and provides a source of non-interest-bearing financing for ongoing operations and project execution. Monitoring this balance helps assess the company's ability to secure upfront payments in capital-intensive industrial and energy projects.