Filing Flows › Baker Hughes (BKR) › Q2 2025
Baker Hughes (BKR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 23, 2025
Baker Hughes (BKR) reported revenue of $6.9B for the second quarter 2025 (Q2 2025), -3% from a year earlier and +8% from the quarter before. Operating margin was 14.0%, net earnings $701M (10.1% of revenue).
Baker Hughes, Q2 2025: revenue $6.9B (-3% year over year), operating margin 14.0%, net earnings $701M, operating cash flow $510M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.9B | +8% | -3% |
| Operating profit | $967M | +72% | +16% |
| Net earnings | $701M | +74% | +21% |
| Operating cash flow | $510M | -28% | +47% |
| Free cash flow | $209M | -49% | +273% |
What changed
Revenue was $6.9B in Q2 2025, down 3% year over year and up 8% from the previous quarter. Sales of goods was the largest line at 65% of revenue. Sales of services lost $0.19B year over year (down 7%), 84% of the total change.
Operating profit was $1.0B, a 14.0% margin (up 2.3 points year over year). Total costs fell 6% while revenue fell 3%. Net earnings were $0.70B, up 21% year over year. The effective tax rate was 26.5%.
Operating cash flow was $0.51B (up 47% year over year), 72% of net earnings. Non-cash charges added back $0.29B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.55B. Capital expenditures of $0.30B left free cash flow of $0.21B.
Questions
What was Baker Hughes' revenue in the second quarter 2025?
Baker Hughes (BKR) reported revenue of $6.9B for the second quarter 2025 (Q2 2025), -3% from a year earlier and +8% from the quarter before.
Was Baker Hughes profitable in the second quarter 2025?
Operating profit was $967M (14.0% of revenue) and net earnings $701M.
Source: Baker Hughes 10-Q on SEC EDGAR.