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Baker Hughes BKR Invested capital

Discontinued — last reported Q4 '25

Invested capital at other companies

Tenet Healthcare logo
Tenet HealthcareTHC
$148M0.0%
Encompass Health Corporation logo
Encompass Health CorporationEHC
$1.3M
Tenet Healthcare logo
Tenet HealthcareTHC
$135M+17.4%
Tenet Healthcare logo
Tenet HealthcareTHC
$143M-27.8%
American Healthcare REIT logo
American Healthcare REITAHR
$5.07B+34.4%
American Healthcare REIT logo
American Healthcare REITAHR

Other financials

Income statement

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Revenue$6.6B+2.5%
Operating income$665.0M+2.2%
Net income$930.0M+131%
EPS (diluted)$0.75+56.0%

Balance sheet

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Cash & equivalents$14.8B+351%
Total debt$615.0M-8.6%
Total equity$19.3B+13.3%
Total assets$50.9B+33.6%

Cash flow

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Operating cash flow$500.0M-29.5%
CapEx$336.0M+12.0%
Free cash flow$164.0M-59.9%

Valuation

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Market cap$57.95B+39.1%
P/E18.6×+4.4×
P/S2.1×+0.6×

Profitability

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Gross margin18.6%
Operating margin11.1%+2.0pp
Net margin11.2%+0.7pp
FCF margin8.2%+1.0pp

Returns & leverage

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Return on equity17.1%-0.9pp
Debt / equity0.0×
Current ratio2.1×+0.8×

Where this comes from

Calculated from Baker Hughes’s reported figures.

The official record: Baker Hughes’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Baker Hughes's invested capital?
Baker Hughes (BKR) reported invested capital of $15.73B in Q4 2025.
How has Baker Hughes's invested capital changed year-over-year?
Baker Hughes's invested capital increased by 10.8% year-over-year, from $14.2B to $15.73B.
What is the long-term trend for Baker Hughes's invested capital?
Over 5 years (2020 to 2025), Baker Hughes's invested capital has grown at a 10.5% compound annual growth rate (CAGR), from $9.57B to $15.73B.
What does invested capital mean?
The capital — debt plus equity, net of idle cash — that funds the operating business.
How do you interpret invested capital?
A level, read mainly through ROIC (NOPAT ÷ invested capital). Growing invested capital is only good if returns on it stay above the cost of capital.
How does invested capital compare across companies?
Used as the base for ROIC; the definition is sector-sensitive, so banks and insurers are best excluded.