Baker Hughes Company (BKR) Key Metrics
BKR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $55.29B
- Enterprise value
- $58.13B
- P/E (TTM)
- 17.9 10-yr median 32.8
- Forward P/E
- 18.0
- PEG ratio
- 1.62
- Price / sales
- 2.0 10-yr median 1.2
- Price / book
- 2.9 10-yr median 1.6
- EV / EBITDA
- 11.4 10-yr median 11.7
- Dividend yield
- 1.65% $0.92 a year
- Beta
- 1.03
BKR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBKR valuation Price multiples at each fiscal year-end price.
BKR returns How much profit the business earns on the capital it uses.
BKR per-share figures Results divided by the shares outstanding at year-end.
BKR financial health Debt, liquidity and how easily interest is covered.
BKR efficiency & capital use Working capital cycle and where the cash goes.
BKR valuation history
BKR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BKR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BKR cash returned to shareholders
BKR price vs earnings per share
BKR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $45.27B | $41.06B | $34.69B | $29.15B | $19.83B | $14.07B | $14.28B | $9.32B | $13.51B | $27.94B |
| Enterprise value | $47.45B | $43.72B | $38.07B | $33.32B | $22.70B | $17.57B | $17.65B | $12.92B | $14.83B | $30.08B |
| P/E ratio | 17.5 | 13.8 | 17.9 | — | — | — | 111.5 | 47.8 | — | 110.0 |
| Price / sales | 1.6 | 1.5 | 1.4 | 1.4 | 1.0 | 0.7 | 0.6 | 0.4 | 0.8 | 2.1 |
| Price / book | 2.4 | 2.4 | 2.3 | 2.0 | 1.3 | 1.1 | 0.7 | 0.5 | 0.9 | 1.9 |
| Price / free cash flow | 17.8 | 20.0 | 11.3 | 26.1 | 10.8 | 27.2 | 12.4 | 12.1 | — | — |
| Price / operating cash flow | 11.9 | 12.3 | 11.3 | 15.4 | 8.4 | 10.8 | 6.7 | 5.3 | — | 106.6 |
| EV / sales | 1.7 | 1.6 | 1.5 | 1.6 | 1.1 | 0.8 | 0.7 | 0.6 | 0.9 | 2.3 |
| EV / EBITDA | 11.1 | 9.5 | 16.4 | 25.0 | 12.4 | 8.8 | 7.3 | 5.7 | 16.7 | 24.3 |
| EV / free cash flow | 18.7 | 21.3 | 12.4 | 29.9 | 12.4 | 34.0 | 15.3 | 16.8 | — | — |
| Earnings yield | 5.7% | 7.3% | 5.6% | −2.1% | −1.1% | −70.6% | 0.9% | 2.1% | −0.5% | 0.9% |
| Free cash flow yield | 5.6% | 5.0% | 8.8% | 3.8% | 9.2% | 3.7% | 8.1% | 8.2% | −10.8% | −0.6% |
| Dividend yield | 2.0% | 2.0% | 2.3% | 2.5% | 3.8% | 5.3% | 2.8% | 3.4% | 1.1% | 1.0% |
| Shareholder yield (dividends + buybacks) | 2.9% | 3.2% | 3.8% | 5.4% | 6.0% | 7.1% | 4.5% | 30.1% | 4.7% | 3.5% |
| Share price at fiscal year-end | $45.54 | $41.02 | $34.18 | $29.53 | $24.06 | $20.85 | $25.63 | $21.50 | $31.64 | $64.97 |
| Per share | ||||||||||
| Revenue per share | $27.90 | $27.80 | $25.13 | $21.43 | $24.88 | $30.67 | $42.80 | $52.79 | $40.23 | $30.86 |
| Earnings per share | $2.60 | $2.98 | $1.91 | −$0.61 | −$0.27 | −$14.73 | $0.23 | $0.45 | −$0.14 | $0.59 |
| Operating cash flow per share | $3.83 | $3.33 | $3.02 | $1.91 | $2.88 | $1.93 | $3.82 | $4.07 | −$1.87 | $0.61 |
| Free cash flow per share | $2.55 | $2.05 | $3.02 | $1.13 | $2.22 | $0.77 | $2.06 | $1.77 | −$3.43 | −$0.38 |
| Cash per share | $4.99 | $3.36 | $2.61 | $2.52 | $4.68 | $6.12 | $5.83 | $8.59 | $16.46 | $2.28 |
| Book value per share | $18.95 | $16.88 | $15.14 | $14.58 | $18.00 | $19.10 | $39.37 | $40.30 | $33.44 | $34.55 |
| Tangible book value per share | $8.72 | $6.86 | $5.06 | $4.34 | $5.75 | $3.73 | −$7.44 | −$20.70 | −$28.12 | $13.32 |
| Dividends per share | $0.92 | $0.84 | $0.77 | $0.75 | $0.91 | $1.10 | $0.71 | $0.73 | $0.36 | $0.68 |
| Capex per share | $1.28 | $1.28 | $1.12 | $0.78 | $0.66 | $1.17 | $1.75 | $2.30 | $1.56 | $0.99 |
| Debt per share | $7.19 | $6.02 | $5.93 | $6.75 | $8.16 | $11.31 | $11.89 | $16.92 | $19.55 | $7.27 |
| Shares outstanding | 994.0M | 1.00B | 1.01B | 987.0M | 824.0M | 675.0M | 557.0M | 433.3M | 427.0M | 430.0M |
| Change in shares outstanding | −0.7% | −1.4% | +2.8% | +19.8% | +22.1% | +21.2% | +28.5% | +1.5% | −0.7% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 14.5% | 18.5% | 13.1% | −4.1% | −1.6% | −57.1% | 0.6% | 1.2% | −0.4% | 1.7% |
| Return on invested capital (ROIC) | 16.0% | 16.3% | 12.4% | 5.2% | 3.8% | 2.5% | 2.3% | 2.0% | −1.4% | 1.4% |
| Return on assets (ROA) | 6.5% | 7.9% | 5.5% | −1.7% | −0.6% | −21.8% | 0.2% | 0.4% | −0.2% | 1.1% |
| Return on tangible assets | 8.4% | 10.5% | 7.3% | −2.5% | −0.9% | −35.9% | 0.5% | 0.7% | −0.2% | 2.0% |
| Free cash flow margin | 9.1% | 7.4% | 12.0% | 5.3% | 8.9% | 2.5% | 4.8% | 3.4% | −8.5% | −1.2% |
| Income quality (OCF / net income) | 1.47 | 1.12 | 1.58 | — | — | — | 16.61 | 9.04 | — | 1.03 |
| Financial health | ||||||||||
| Total debt | $7.14B | $6.02B | $6.02B | $6.66B | $6.73B | $7.63B | $6.62B | $7.33B | $8.35B | $3.12B |
| Cash & short-term investments | $4.96B | $3.36B | $2.65B | $2.49B | $3.85B | $4.13B | $3.25B | $3.72B | $7.03B | $981.0M |
| Net debt | $2.19B | $2.66B | $3.38B | $4.17B | $2.87B | $3.50B | $3.37B | $3.61B | $1.32B | $2.14B |
| Debt / equity | 0.38 | 0.36 | 0.39 | 0.46 | 0.45 | 0.59 | 0.30 | 0.42 | 0.58 | 0.21 |
| Debt / assets | 0.17 | 0.16 | 0.16 | 0.19 | 0.19 | 0.20 | 0.12 | 0.14 | 0.15 | 0.14 |
| Net debt / EBITDA | 0.51 | 0.58 | 1.46 | 3.12 | 1.57 | 1.76 | 1.40 | 1.60 | 1.49 | 1.73 |
| Current ratio | 1.36 | 1.32 | 1.25 | 1.32 | 1.65 | 1.61 | 1.52 | 1.66 | 2.00 | 1.50 |
| Quick ratio | 1.00 | 0.94 | 0.86 | 0.90 | 1.21 | 1.18 | 1.06 | 1.15 | 1.51 | 0.85 |
| Interest coverage | 16.0 | 17.1 | 10.7 | 7.5 | 4.4 | 2.5 | 4.5 | 3.1 | -2.2 | 4.5 |
| Working capital | $4.95B | $4.22B | $3.31B | $3.52B | $5.94B | $6.23B | $5.21B | $5.95B | $9.20B | $2.47B |
| Invested capital | $21.02B | $19.55B | $18.74B | $18.56B | $17.70B | $16.39B | $25.30B | $21.07B | $15.60B | $17.00B |
| Tangible asset value | $8.85B | $7.03B | $5.29B | $4.42B | $6.70B | $7.89B | $8.43B | $8.58B | $12.12B | $5.73B |
| Net current asset value | −$3.04B | −$4.10B | −$5.12B | −$5.06B | −$3.50B | −$3.31B | −$3.65B | −$2.46B | $334.0M | $535.0M |
| Graham number | $33.32 | $33.62 | $25.54 | — | — | — | $14.27 | $20.20 | — | $21.43 |
| Graham net-net per share | −$9.51 | −$10.12 | −$10.77 | −$10.54 | −$10.29 | −$13.64 | −$15.27 | −$15.96 | −$10.06 | −$5.47 |
| Capital allocation | ||||||||||
| Dividends paid | $910.0M | $836.0M | $786.0M | $743.0M | $749.0M | $744.0M | $395.0M | $315.0M | $155.0M | $293.0M |
| Share buybacks (net) | $384.0M | $484.0M | $538.0M | $828.0M | $434.0M | $256.0M | $250.0M | $2.49B | $477.0M | $672.0M |
| Dividend payout ratio | 35.2% | 28.1% | 40.5% | — | — | — | 308.6% | 161.5% | — | 115.4% |
| Dividends + buybacks / free cash flow | 51.0% | 64.3% | 43.2% | 140.8% | 64.5% | 193.4% | 56.1% | 365.2% | — | — |
| Capex / revenue | 4.6% | 4.6% | 4.5% | 3.6% | 2.6% | 3.8% | 4.1% | 4.3% | 3.9% | 3.2% |
| Capex / operating cash flow | 33.4% | 38.4% | 37.1% | 40.9% | 22.8% | 60.4% | 45.9% | 56.5% | — | 161.8% |
| Capex / depreciation | 1.07 | 1.12 | 1.05 | 0.73 | 0.49 | 0.60 | 0.69 | 0.67 | 0.60 | 0.77 |
| Stock-based compensation / revenue | 0.7% | 0.7% | 0.8% | 1.0% | 4.2% | 73.1% | 0.8% | 0.5% | 0.2% | — |
| R&D / revenue | 2.2% | 2.3% | 2.6% | 2.6% | 2.4% | 2.9% | 2.9% | 3.1% | 2.9% | 2.7% |
| SG&A / revenue | 8.6% | 8.8% | 10.3% | 11.9% | 12.0% | 11.6% | 11.9% | 11.8% | 14.8% | 22.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 90.6 | 93.1 | 93.3 | 100.1 | 100.3 | 106.1 | 94.8 | 95.6 | 91.1 | 63.7 |
| Days of inventory on hand | 85.3 | 85.9 | 87.2 | 96.5 | 96.0 | 97.1 | 86.8 | 88.2 | 99.8 | 124.3 |
| Days payables outstanding | 78.6 | 77.1 | 79.0 | 90.6 | 83.2 | 83.9 | 78.0 | 71.5 | 68.1 | 62.8 |
| Cash conversion cycle (days) | 97.3 | 102.0 | 101.5 | 106.0 | 113.2 | 119.3 | 103.6 | 112.3 | 122.8 | 125.2 |
| Receivables turnover | 4.03 | 3.92 | 3.91 | 3.64 | 3.64 | 3.44 | 3.85 | 3.82 | 4.01 | 5.73 |
| Payables turnover | 4.65 | 4.74 | 4.62 | 4.03 | 4.39 | 4.35 | 4.68 | 5.10 | 5.36 | 5.82 |
| Inventory turnover | 4.28 | 4.25 | 4.18 | 3.78 | 3.80 | 3.76 | 4.21 | 4.14 | 3.66 | 2.94 |
| Asset turnover | 0.70 | 0.74 | 0.72 | 0.61 | 0.56 | 0.45 | 0.45 | 0.42 | 0.44 | 0.59 |
| Average receivables | $6.88B | $7.10B | $6.52B | $5.80B | $5.64B | $6.02B | $6.19B | $5.99B | $4.29B | $2.31B |
| Average payables | $4.56B | $4.51B | $4.38B | $4.02B | $3.64B | $3.90B | $4.15B | $3.70B | $2.64B | $1.74B |
| Average inventory | $4.95B | $5.02B | $4.84B | $4.28B | $4.20B | $4.51B | $4.61B | $4.56B | $3.87B | $3.45B |
| Intangibles / total assets | 24.9% | 26.1% | 27.7% | 29.6% | 28.5% | 27.3% | 48.9% | 50.4% | 46.5% | 42.0% |
Computed from BKR's annual financial statements (latest annual report filed February 5, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BKR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Baker Hughes traded at 17.5 times earnings, against a 10-year median of 32.8. Based on the latest twelve months, the trailing P/E is 17.9 and the forward P/E is 18.0. Baker Hughes earned a return on equity of 14.5% and a return on invested capital of 16.0% in fiscal 2025. It ended the year with $7.1 billion of debt and $5.0 billion in cash and short-term investments, net debt of $2.2 billion. It returned $1.3 billion to shareholders: $910.0 million in dividends and $384.0 million in share buybacks, 51% of free cash flow. The share count rose 131.2% from 430.0M to 994.0M over 9 years.
See the BKR income statement, the BKR chart for price history, or the BKR stock overview for the latest quote and news.
BKR key metrics FAQ
What is Baker Hughes's P/E ratio?
Baker Hughes's trailing P/E ratio is 17.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 18.0. At the end of fiscal 2025 it was 17.5, compared with a 10-year median of 32.8.
What is Baker Hughes's EV/EBITDA?
Baker Hughes's enterprise value was 11.1 times EBITDA at the end of fiscal 2025 (enterprise value $47.5 billion, EBITDA $4.3 billion); the current EV/EBITDA is 11.4.
What is Baker Hughes's return on equity?
Baker Hughes's return on equity (ROE) was 14.5% in fiscal 2025: net income of $2.6 billion on average shareholders' equity of $17.9 billion.
What is Baker Hughes's ROIC?
Baker Hughes's return on invested capital was 16.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Baker Hughes have?
Baker Hughes had total debt of $7.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.38 and $2.2 billion of net debt (0.51 times EBITDA).
What is Baker Hughes's dividend yield?
Baker Hughes's forward dividend yield is 1.65%. Baker Hughes paid $910.0 million in dividends in fiscal 2025 ($0.92 per share), a payout ratio of 35.2%.
Does Baker Hughes buy back its shares?
Yes. Baker Hughes spent $384.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.7% over the year, to 994.0M..
What is Baker Hughes's free cash flow yield?
Baker Hughes generated $2.5 billion of free cash flow in fiscal 2025, a free cash flow yield of 5.6% on its market value at year-end ($45.3 billion).
What is Baker Hughes's current ratio?
Baker Hughes's current ratio was 1.36 at the end of fiscal 2025: current assets were 1.36 times current liabilities.