CapEx
Baker Hughes CapEx decreased by 10.9% to $336.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 12.0%, from $300.00M to $336.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 10.4% CAGR.
Analysis
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
cf_capital_expendituresHistorical 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 | $171.00M | $198.00M | $266.00M | $268.00M | $226.00M | $226.00M | $269.00M | $310.00M | $277.00M | $281.00M | $356.00M | $333.00M | $292.00M | $300.00M | $353.00M | $300.00M | $301.00M | $295.00M | $377.00M | $336.00M |
| QoQ Change | — | +15.8% | +34.3% | +0.8% | -15.7% | +0.0% | +19.0% | +15.2% | -10.6% | +1.4% | +26.7% | -6.5% | -12.3% | +2.7% | +17.7% | -15.0% | +0.3% | -2.0% | +27.8% | -10.9% |
| YoY Change | — | — | — | — | +32.2% | +14.1% | +1.1% | +15.7% | +22.6% | +24.3% | +32.3% | +7.4% | +5.4% | +6.8% | -0.8% | -9.9% | +3.1% | -1.7% | +6.8% | +12.0% |
Business Segments
| Segment | FY'21 |
|---|---|
| Oilfield Services | $590.00M |
| Total | $856.00M |
All segment values are derived from annual filings.
Oilfield Services was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is Baker Hughes's capex?
- Baker Hughes (BKR) reported capex of $336.00M in Q1 2026.
- How has Baker Hughes's capex changed year-over-year?
- Baker Hughes's capex increased by 12.0% year-over-year, from $300.00M to $336.00M.
- What is the long-term trend for Baker Hughes's capex?
- Over 4 years (2021 to 2025), Baker Hughes's capex has grown at a 10.4% compound annual growth rate (CAGR), from $856.00M to $1.27B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.