Baker Hughes BKR Service — Costs

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$28.5M+41.8%

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$408.21M+2.1%

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$355K+98.3%

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Questions, answered.

What is Baker Hughes's service — costs?

Baker Hughes (BKR) reported service — costs of $1.65B in Q1 2026.

How has Baker Hughes's service — costs changed year-over-year?

Baker Hughes's service — costs increased by 1.8% year-over-year, from $1.62B to $1.65B.

What is the long-term trend for Baker Hughes's service — costs?

Over 4 years (2021 to 2025), Baker Hughes's service — costs has grown at a 3.2% compound annual growth rate (CAGR), from $6B to $6.8B.

What does service — costs mean?

This metric captures the direct and allocated costs associated with delivering the company's service-based offerings, including labor, field equipment maintenance, and specialized materials. It serves as a primary measure of operational efficiency and the cost-to-serve for the service segment. Monitoring this helps evaluate the profitability of service contracts and the impact of operational overhead on margins.