Filing Flows › Baker Hughes (BKR) › Q3 2025
Baker Hughes (BKR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 24, 2025
Baker Hughes (BKR) reported revenue of $7.0B for the third quarter 2025 (Q3 2025), +1% from a year earlier and +1% from the quarter before. Operating margin was 11.7%, net earnings $609M (8.7% of revenue).
Baker Hughes, Q3 2025: revenue $7.0B (+2% year over year), operating margin 11.7%, net earnings $609M, operating cash flow $929M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.0B | +1% | +1% |
| Operating profit | $821M | -15% | -12% |
| Net earnings | $609M | -13% | -20% |
| Operating cash flow | $929M | +82% | -8% |
| Free cash flow | $634M | +203% | -11% |
What changed
Revenue was $7.0B in Q3 2025, up 1% year over year and up 1% from the previous quarter. Sales of goods was the largest line at 66% of revenue. Sales of goods added $0.20B year over year (up 5%), 196% of the total change. Sales of services declined 4%.
Operating profit was $0.82B, a 11.7% margin (down 1.8 points year over year). Operating profit fell $0.11B even though revenue rose $0.10B versus a year earlier, so costs grew faster than sales. Total costs grew 4% against revenue growth of 1%. Net earnings were $0.61B, down 20% year over year. The effective tax rate was 24.8%.
Operating cash flow was $0.93B (down 8% year over year), 151% of net earnings. Non-cash charges added back $0.28B of depreciation and amortization and $0.05B of share-based compensation. Capital expenditures of $0.29B left free cash flow of $0.63B.
Questions
What was Baker Hughes' revenue in the third quarter 2025?
Baker Hughes (BKR) reported revenue of $7.0B for the third quarter 2025 (Q3 2025), +1% from a year earlier and +1% from the quarter before.
Was Baker Hughes profitable in the third quarter 2025?
Operating profit was $821M (11.7% of revenue) and net earnings $609M.
Source: Baker Hughes 10-Q on SEC EDGAR.