Filing Flows › Baker Hughes (BKR) › Q1 2025
Baker Hughes (BKR) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 23, 2025
Baker Hughes (BKR) reported revenue of $6.4B for the first quarter 2025 (Q1 2025), +0.1% from a year earlier and -13% from the quarter before. Operating margin was 8.7%, net earnings $402M (6.3% of revenue).
Baker Hughes, Q1 2025: revenue $6.4B (+0.1% year over year), operating margin 8.7%, net earnings $402M, operating cash flow $709M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.4B | -13% | +0.1% |
| Operating profit | $561M | -16% | -14% |
| Net earnings | $402M | -66% | -12% |
| Operating cash flow | $709M | -40% | -10% |
| Free cash flow | $409M | -51% | -9% |
What changed
Revenue was $6.4B in Q1 2025, roughly flat year over year and down 13% from the previous quarter. Sales of goods was the largest line at 64% of revenue. Sales of goods added $0.14B year over year (up 4%), 1611% of the total change. Sales of services declined 6%.
Operating profit was $0.56B, a 8.7% margin (down 1.4 points year over year). Operating profit fell $0.09B even though revenue rose $0.01B versus a year earlier, so costs grew faster than sales. Total costs grew 2% against flat revenue. Net earnings were $0.40B, down 12% year over year. The effective tax rate was 27.1%.
Operating cash flow was $0.71B (down 10% year over year), 173% of net earnings. Non-cash charges added back $0.28B of depreciation and amortization and $0.05B of share-based compensation. Capital expenditures of $0.30B left free cash flow of $0.41B.
Questions
What was Baker Hughes' revenue in the first quarter 2025?
Baker Hughes (BKR) reported revenue of $6.4B for the first quarter 2025 (Q1 2025), +0.1% from a year earlier and -13% from the quarter before.
Was Baker Hughes profitable in the first quarter 2025?
Operating profit was $561M (8.7% of revenue) and net earnings $402M.
Source: Baker Hughes 10-Q on SEC EDGAR.