Baker Hughes (BKR)

Energy · $47.5B market cap · SEC CIK 0001701605

Next reports on Apr 21, 2027, with analysts expecting $0.59 in earnings per share.

52-week range $44.26 to $70.41. 32% below its 52-week high and 8% above its low.

The case for BKR

• Pays a modest 2.4% dividend.

The case against

• Near the bottom of its 52-week range, 32% below the high. Falling prices usually have a reason; find it first.
• Value is weak (38/100): 21.6× mid-cycle earnings against a fair 19× for its growth, 1.7× sales, 5.3% free-cash yield.
• Growth is weak (32/100): revenue +3.7%, +6.0% a year over five years.
• Profitability is weak (30/100): return on equity 15%, net margin 10.1%, gross margin 24%, 98% of profit turned to cash.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Energy companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Its profits follow commodity prices, so its earnings and margin are read as half the latest year and half the average of the years on file (5), and last year's change in earnings per share is not counted as growth.
• Each factor except momentum is half fixed thresholds, half rank among the 21 Energy companies.

The financials

The financials, five years deep

Pulled from Baker Hughes's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What Baker Hughes says it does

Baker Hughes Company ("Baker Hughes," "the Company," "we," "us," or "our") is an energy technology company with a diversified portfolio of technologies and services that span the energy and industrial value chain. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward. OUR VISION & STRATEGY With our diverse portfolio, leading technology and clear purpose to make energy safer, cleaner and more efficient, Baker Hughes is well positioned to deliver solutions across industrial and energy markets. By integrating health, safety & environment ("HSE") into everything we do, we protect our people, our customers, and the environment. The global energy landscape is undergoing a period of structural transformation, with sustained demand growth driven by population expansion, rising living standards, industrialization, electrification, and the rapid…

Risk factors BKR lists in its 10-K

• We operate in a highly competitive environment, which may adversely affect our ability to succeed. Our investments in new technologies, equipment, and facilities may not provide competitive returns
• The potential slowdown and shift in the energy transition could have an adverse effect on the demand for our clean energy technologies and services
• Disruptions in our supply chain, the high cost or unavailability of raw materials, equipment, and supplies essential to our business could adversely affect our ability to execute our operations on a timely basis
• The partial or complete loss of GE Vernova or GE Aerospace as suppliers, as well as contracts with our Aero JV with GE Vernova, may adversely affect our business, financial condition, results of operations and cash flows
• Our proposed transaction with Chart creates business, regulatory, and reputational risks
• We may not be able to realize the potential financial or strategic benefits of the transactions we complete, or find suitable target businesses to acquire
• If we are unable to attract and retain key personnel, we may not be able to execute our business strategy effectively and our operations could be adversely affected
• The implementation of any plan to restructure our corporate organization and operating segments may not achieve the results we anticipate, which could adversely affect our business
• Control of oil and natural gas reserves by national oil companies may impact the demand for our services and products and create additional risks in our operations
• Our operations involve a variety of operating hazards and risks that could cause losses
• Seasonal and weather conditions could adversely affect demand for our services and operations
• Providing services on an integrated, turnkey, or fixed price basis could require us to assume additional risks
• We may not be able to satisfy technical requirements, testing requirements or other specifications required under our service contracts and equipment purchase agreements
• We sometimes enter into consortium or similar arrangements for certain projects, which could impose additional costs and obligations on us
• Our contracts may be terminated early in certain circumstances
• The credit risks of having a concentrated customer base in the energy industry could result in losses
• Compliance with and changes in laws could be costly and could affect operating results. In addition, government disruptions could negatively impact our ability to conduct our business
• Our failure to comply with the Foreign Corrupt Practices Act ("FCPA") and other similar laws could have a negative impact on our ongoing operations
• Anti-money laundering and anti-terrorism financing laws could have adverse consequences for us
• Changes to tax laws and associated positions
• Recent changes in U.S. administrative policy, including increases in tariffs and any changes in international trade relations or trade agreements, may have an adverse effect on our business
• We could be subject to litigation and environmental claims arising out of our products and services which could adversely affect our reputation, financial condition, results of operations and cash flows
• We may be subject to litigation if another party claims that we have infringed upon, misappropriated or otherwise violated its intellectual property rights
• Compliance with, and rulings and litigation in connection with, environmental regulations and the environmental impacts of our operations may adversely affect our business and operating results
• An inability to obtain, maintain, protect, defend or enforce our intellectual property rights could adversely affect our business
• Volatility of oil and natural gas prices can adversely affect demand for our products and services
• Supply of oil and natural gas is subject to factors beyond our control, which may adversely affect our operating results
• Currency fluctuations or devaluations may impact our operating results
• Changes in economic and/or market conditions may impact our ability to borrow and/or cost of borrowing
• The market price and trading volume of our Class A common stock may be volatile, which could result in rapid and substantial losses for our shareholders
• Anti-takeover provisions in our organizational documents and Delaware law might discourage or delay acquisition attempts for us that might be considered favorable

Filings

Other Energy companies