BKR Baker Hughes margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 54

Gross margin

23.5%

Operating margin

12.5%

EBITDA margin

17.7%

Net margin

10.1%

Currently, Baker Hughes has a gross margin of 23.5%, an operating margin of 12.5%, an EBITDA margin of 17.7%, and a net margin of 10.1%. EBITDA margin showed the largest improvement, increasing by 1.6 percentage points. Net margin saw the largest decline, decreasing by 0.3 percentage points.

BKR margin history

Gross, operating, EBITDA and net margin trends

Baker Hughes's margins averaged 23.67% gross, 12.55% operating, 16.28% EBITDA, and 9.55% net during the last 3 years. Against the three-year averages, EBITDA and net margins are above their three-year averages and gross and operating margins are below their three-year averages.

BKR margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 0.1 percentage points, operating margin by 0.4 percentage points, and EBITDA margin by 1.6 percentage points, but net margin contracted by 0.3 percentage points.

Gross margin expansion

0.1pp

Operating margin expansion

0.4pp

EBITDA margin expansion

1.6pp

Net margin expansion

-0.3pp

BKR Gross margin

The average gross margin for Baker Hughes was 23.67% during the last 3 years. Baker Hughes currently reports a gross margin of 23.5%, 0.2 percentage points below its three-year average. The gross margin for Baker Hughes moved between 23.1% in Dec 2023 and 25.2% in Sep 2024.

BKR Operating margin

Over the last 3 years, Baker Hughes's operating margin averaged 12.55%. At present, Baker Hughes's current operating margin is 12.5%, which is 0.1 percentage points below its three-year average. During this period, operating margin reached a high of 14% in Sep 2024 and a low of 11.2% in Dec 2025.

BKR EBITDA margin

Baker Hughes recorded an average EBITDA margin of 16.28% across the last 3 years. Compared with its three-year average, Baker Hughes's current EBITDA margin is 17.7% and is 1.4 percentage points above its three-year average. Over the last 3 years, Baker Hughes's EBITDA margin peaked at 18.2% in Jun 2026 and reached a low of 14.5% in Mar 2024.

BKR Net margin

Over the last 3 years, the average net margin for Baker Hughes was 9.55%. The current net margin stands at 10.1%, 0.6 percentage points above its three-year average. Baker Hughes's net margin ranged from a low of 7% in Mar 2024 to a high of 11.2% in Jun 2026.

BKR margin group comparison

Margins compared with peer-group, industry and sector averages

Baker Hughes's gross margin of 23.5% is below the Energy sector and the industry average. Compared to its Energy sector average of 42.7%, Baker Hughes's gross margin is 45% lower.

BKR margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Baker Hughes's gross margin?

For the period ending Sep 30, 2026, BKR recorded a gross margin of 23.5%.

What is Baker Hughes's operating margin?

As of Sep 30, 2026, BKR has an operating margin of 12.5%.

What is Baker Hughes's EBITDA margin?

For the period ending Sep 30, 2026, BKR recorded an EBITDA margin of 17.7%.

What is Baker Hughes's net margin?

For the period ending Sep 30, 2026, BKR recorded a net margin of 10.1%.

What are the average margins of BKR?

The three-year average margins for BKR were 23.7% gross, 12.6% operating, 16.3% EBITDA, and 9.6% net.

What are the highest historical margins of BKR?

Baker Hughes's highest recorded margins during the past 5 years were 25.2% gross in Sep 2024, 14% operating in Sep 2024, 18.2% EBITDA in Jun 2026, and 11.2% net in Jun 2026.

What are the lowest historical margins of BKR?

Baker Hughes's lowest recorded margins during the past 5 years were 19.7% gross in Dec 2021, 5.3% operating in Sep 2022, 6.2% EBITDA in Dec 2022, and -2.8% net in Dec 2022.