BKR Baker Hughes margins

Relative Growth: Rel. Growth: 22

Relative Strength: Rel. Strength: 63

Relative Valuation: Rel. Valuation: 63

Relative Profitability: Rel. Profitability: 59

Gross margin

23.6%

Operating margin

13.6%

EBITDA margin

18.2%

Net margin

11.2%

Currently, Baker Hughes has a gross margin of 23.6%, an operating margin of 13.6%, an EBITDA margin of 18.2%, and a net margin of 11.2%. Each available margin improved from the same period last year. EBITDA margin recorded the strongest gain, increasing by 1.3 percentage points.

BKR margin history

Gross, operating, EBITDA and net margin trends

Baker Hughes's margins averaged 23.68% gross, 12.55% operating, 16.15% EBITDA, and 9.5% net during the last 3 years. Against the three-year averages, operating, EBITDA, and net margins are above their three-year averages and gross margin is below its three-year average.

BKR margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with EBITDA margin showing the largest gain at 1.3 percentage points.

Gross margin expansion

0.1pp

Operating margin expansion

0.8pp

EBITDA margin expansion

1.3pp

Net margin expansion

0.2pp

BKR Gross margin

The average gross margin for Baker Hughes was 23.68% during the last 3 years. Baker Hughes currently reports a gross margin of 23.6%, 0.1 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 13.6%, which is 1.1 percentage points above 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 16.15% across the last 3 years. Compared with its three-year average, Baker Hughes's current EBITDA margin is 18.2% and is 2.1 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 9.5%. The current net margin stands at 11.2%, 1.7 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 23.6% 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 Jun 30, 2026, BKR recorded a gross margin of 23.6%.

What is Baker Hughes's operating margin?

As of Jun 30, 2026, BKR has an operating margin of 13.6%.

What is Baker Hughes's EBITDA margin?

For the period ending Jun 30, 2026, BKR recorded an EBITDA margin of 18.2%.

What is Baker Hughes's net margin?

For the period ending Jun 30, 2026, BKR recorded a net margin of 11.2%.

What are the average margins of BKR?

The three-year average margins for BKR were 23.7% gross, 12.6% operating, 16.2% EBITDA, and 9.5% 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.