What is Baker Hughes's R&D?

Baker Hughes (BKR) reported R&D of $133M in Q1 2026.

How has Baker Hughes's R&D changed year-over-year?

Baker Hughes's R&D decreased by 8.9% year-over-year, from $146M to $133M.

What is the long-term trend for Baker Hughes's R&D?

Over 4 years (2021 to 2025), Baker Hughes's R&D has grown at a 5.1% compound annual growth rate (CAGR), from $492M to $600M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Baker Hughes BKR R&D

R&D at other companies

Schlumberger SLB

$164M-4.7%

Flotek IndustriesFTK

$396K+11.5%

Nabors IndustriesNBR

$13.51M-3.8%

Weatherford InternationalWFRD

$21M-27.6%

Energizer HoldingsENR

$7.6M-6.2%

TechnipFMCFTI

$17.8M-6.8%

Segments

By segment

See full

Industrial & Energy Technology$79M-6.0%

Oilfield Services & Equipment$54M-11.5%

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

See full

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

See full

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$55.06B+47.9%

P/E17.7×+5.5×

P/S2×+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

See full

Return on equity17.1%-0.9pp

Debt / equity0×0.0×

Current ratio2.1×+0.8×

Where this comes from

Reported directly by Baker Hughes in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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 R&D?: Baker Hughes (BKR) reported R&D of $133M in Q1 2026.
How has Baker Hughes's R&D changed year-over-year?: Baker Hughes's R&D decreased by 8.9% year-over-year, from $146M to $133M.
What is the long-term trend for Baker Hughes's R&D?: Over 4 years (2021 to 2025), Baker Hughes's R&D has grown at a 5.1% compound annual growth rate (CAGR), from $492M to $600M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.