Filing Flows › Baker Hughes (BKR) › Q4 2025
Baker Hughes (BKR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 5, 2026
Baker Hughes (BKR) reported revenue of $7.4B for the fourth quarter 2025 (Q4 2025), +0.3% from a year earlier and +5% from the quarter before. Operating margin was 7.1%, net earnings $876M (11.9% of revenue).
Baker Hughes, Q4 2025: revenue $7.4B (+0.3% year over year), operating margin 7.1%, net earnings $876M, operating cash flow $1.7B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.4B | +5% | +0.3% |
| Operating profit | $528M | -36% | -21% |
| Net earnings | $876M | +44% | -26% |
| Operating cash flow | $1.7B | +79% | +40% |
| Free cash flow | $1.3B | +103% | +54% |
What changed
Revenue was $7.4B in Q4 2025, roughly flat year over year and up 5% from the previous quarter. Sales of goods was the largest line at 67% of revenue.
Operating profit was $0.53B, a 7.1% margin (down 1.9 points year over year). Operating profit fell $0.14B even though revenue rose $0.02B versus a year earlier, so costs grew faster than sales. Total costs grew 2% against flat revenue. The fastest-growing cost line was SG&A (+15%). Net earnings were $0.88B, down 26% year over year. The effective tax rate was -68.0%.
Operating cash flow was $1.7B (up 40% year over year), 187% of net earnings. Non-cash charges added back $0.33B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $0.40B. Capital expenditures of $0.38B left free cash flow of $1.3B.
Questions
What was Baker Hughes' revenue in the fourth quarter 2025?
Baker Hughes (BKR) reported revenue of $7.4B for the fourth quarter 2025 (Q4 2025), +0.3% from a year earlier and +5% from the quarter before.
Was Baker Hughes profitable in the fourth quarter 2025?
Operating profit was $528M (7.1% of revenue) and net earnings $876M.
Source: Baker Hughes 10-K on SEC EDGAR.