Baker Hughes (BKR) stock
Energy · Oil & Gas Equipment & Services
Baker Hughes (BKR) is an Oil & Gas Equipment & Services company in the Energy sector, headquartered in Houston, Texas. As of October 23, 2026, BKR closed at $55.86, a market capitalization of $55.45 billion, the 217th largest company in the S&P 500. Over the last twelve months it generated $27.73 billion in revenue (-2% year over year) and $3.13 billion in free cash flow. The stock trades at 18.0x trailing earnings and 19.0x forward earnings.
- 1-year total return: +16.0% (dividends reinvested)
- 5-year return: +20.5% a year
- 52-week range: $44.26 – $70.41
- Gross margin 23.7%, operating margin 12.8%
- Dividend yield: 1.65%, 4 straight years of increases
- FI Handbook report card: C across 9 metrics
- 16th largest of 21 Energy stocks in the S&P 500
BKR price chart
1Y price change: +14.3% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| BKR | -3.7% | +24.0% | +16.0% | +19.7% | +20.5% | +7.1% | +5.7% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1987.
BKR key statistics
- Market cap
- $55.5B
- #217 in S&P 500
- P/E (TTM)
- 18.0x
- Forward P/E
- 19.0x
- EPS (TTM)
- $3.11
- Revenue (TTM)
- $27.7B
- -2%
- Free cash flow
- $3.1B
- Gross margin
- 23.7%
- Operating margin
- 12.8%
- Return on equity
- 16.5%
- Dividend yield
- 1.65%
- 52-week range
- $44.26 – $70.41
- Beta
- 1.03
- Price / sales
- 2.0x
- EV / EBITDA
- 11.3x
- Debt / equity
- 0.81x
- Employees
- 54,000
BKR report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth-2.4%F
- Gross margin23.7%D
- Operating margin12.8%C
- FCF margin11.3%C
- Return on equity16.5%B
- Net debt / EBITDA-0.2xA
- Forward P/E19.0xB
- PEG ratio1.6xC
- Shareholder yield2.3%C
- Share count change / yr——
Baker Hughes financials
Revenue went from $13.1B in fiscal 2016 to $27.7B in fiscal 2025, growing 8.7% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.1B | $17.2B | $22.9B | $23.8B | $20.7B | $20.5B | $21.2B | $25.5B | $27.8B | $27.7B |
| Gross profit | $3.1B | $3.0B | $4.0B | $4.4B | — | — | — | — | — | — |
| Operating income | $457.0M | -$284.0M | $701.0M | $1.1B | -$16.0B | $1.3B | $1.2B | $2.3B | $3.1B | — |
| Net income | $0 | -$103.0M | $195.0M | $128.0M | -$9.9B | -$219.0M | -$601.0M | $1.9B | $3.0B | $2.6B |
| EPS (diluted) | — | $-0.24 | $0.45 | $0.23 | $-14.73 | $-0.27 | $-0.61 | $1.91 | $2.98 | — |
| Free cash flow | -$162.0M | -$1.5B | $767.0M | $886.0M | $330.0M | $1.5B | $899.0M | $1.8B | $2.1B | $2.5B |
| Buybacks | $0 | $174.0M | $387.0M | $0 | $0 | $434.0M | $828.0M | $538.0M | $484.0M | $384.0M |
| Dividends paid | $0 | $155.0M | $315.0M | $395.0M | $488.0M | $592.0M | $726.0M | $786.0M | $836.0M | $910.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into BKR?
A reverse DCF asks what growth the current price requires. With an enterprise value of $54.7B and $3.1B of trailing free cash flow, Baker Hughes needs to grow free cash flow about 7.2% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 50.4% a year over the last five years.
P/E ratio history
Current 18.7x vs. median 21.9x (10th–90th percentile 15.3x–67.1x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
BKR dividend
- Dividend yield
- 1.65%
- Annual dividend
- $0.92
- Years of increases
- 4
- 5-yr dividend growth
- 5.0%
- per year
- Payout ratio
- 30%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
BKR analyst price targets
24 analysts' average 12-month target is $70.63 (+26% vs. $55.86). Targets range from $51.00 to $85.00. 80% rate it a buy.
BKR earnings
Next report: October 27, 2026. Baker Hughes has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $6.7B (-2% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 26, 2026 | $0.49 | $0.64 | +31.5% |
| Apr 23, 2026 | $0.49 | $0.58 | +17.9% |
| Jan 25, 2026 | $0.67 | $0.78 | +16.7% |
| Oct 23, 2025 | $0.62 | $0.68 | +9.3% |
| Jul 22, 2025 | $0.55 | $0.63 | +13.6% |
| Apr 22, 2025 | $0.47 | $0.51 | +7.6% |
| Jan 30, 2025 | $0.63 | $0.70 | +11.8% |
| Oct 22, 2024 | $0.61 | $0.67 | +10.4% |
Stocks like BKR
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|---|---|---|---|---|---|
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BKR news
- U.S. Rig Count Holds Steady as Oil Prices Surge · Oct 23, 2026
- Exchange-Traded Funds, Equity Futures Lower Pre-Bell Friday Amid AI Spending Concerns · Oct 23, 2026
- Can Baker Hughes Keep Its Winning Streak Alive in Q3 Earnings? · Oct 23, 2026
- Analysts Estimate Baker Hughes (BKR) to Report a Decline in Earnings: What to Look Out for · Oct 20, 2026
- How Power Island Deal Will Impact Baker Hughes (BKR) Investors · Oct 17, 2026
BKR stock FAQ
What is BKR's market cap?
Baker Hughes's market capitalization is $55.45 billion as of October 23, 2026, ranking 217th in the S&P 500.
What is BKR's P/E ratio?
BKR trades at a trailing price-to-earnings ratio of 18.0x and a forward P/E of 19.0x. Its median P/E over the period we track is 21.9x.
Does BKR pay a dividend?
Yes. Baker Hughes pays $0.92 per share a year, a 1.65% yield. It has raised its dividend 4 years in a row. Dividends grew 5.0% a year over the last five years.
How much has BKR stock returned?
Including reinvested dividends, BKR returned +16.0% over one year, +20.5% a year over five years, +7.1% a year over ten years through October 23, 2026.
Is BKR stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Baker Hughes must grow free cash flow about 7% a year for the next decade. Its free cash flow grew 50% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the BKR price target?
24 analysts cover BKR with an average 12-month price target of $70.62, +26% from the current price. 80% of them rate it a buy.
When does BKR report earnings?
Baker Hughes is expected to report earnings on October 27, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Baker Hughes have?
Baker Hughes has about 54,000 full-time employees, or $513,426 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology