Baker Hughes annual gross margin
2015
2016
2017
2018
2019
2022
2023
2024
2025
Baker Hughes Gross Margin Growth & History (BKR)
Baker Hughes's gross margin was 23.60% for fiscal 2025.
View full Baker Hughes company overviewBaker Hughes annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 23.60% | +0.30 pp |
| 2024 | 2024-12-31 | 23.30% | +0.16 pp |
| 2023 | 2023-12-31 | 23.14% | +2.34 pp |
| 2022 | 2022-12-31 | 20.80% | — |
| 2019 | 2019-12-31 | 18.59% | +1.17 pp |
| 2018 | 2018-12-31 | 17.42% | −0.25 pp |
| 2017 | 2017-12-31 | 17.67% | −6.38 pp |
| 2016 | 2016-12-31 | 24.05% | −20.40 pp |
| 2015 | 2015-12-31 | 44.45% | — |
Baker Hughes quarterly gross margin
Q3.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 23.39% | +0.02 pp |
| Q1 2026 | 2026-03-31 | 22.83% | — |
| Q4 2025 | 2025-12-31 | 23.73% | — |
| Q3 2025 | 2025-09-30 | 24.27% | — |
| Q2 2025 | 2025-06-30 | 23.37% | — |
| Q4 2019 | 2019-12-31 | 20.40% | +0.67 pp |
| Q3 2019 | 2019-09-30 | 18.72% | +1.54 pp |
| Q2 2019 | 2019-06-30 | 17.72% | +0.85 pp |
| Q1 2019 | 2019-03-31 | 17.38% | +1.81 pp |
| Q4 2018 | 2018-12-31 | 19.73% | +4.94 pp |
| Q3 2018 | 2018-09-30 | 17.18% | −0.78 pp |
| Q2 2018 | 2018-06-30 | 16.87% | −1.01 pp |
| Q1 2018 | 2018-03-31 | 15.58% | −6.84 pp |
| Q4 2017 | 2017-12-31 | 14.80% | — |
| Q3 2017 | 2017-09-30 | 17.96% | −22.52 pp |
| Q2 2017 · Jun 30 | 2017-06-30 | 17.88% | — |
| Q1 2017 | 2017-03-31 | 22.42% | — |
| Q3 2016 | 2016-09-30 | 40.48% | — |
Baker Hughes gross margin trends
Between the periods ended 2015-12-31 and 2025-12-31, Baker Hughes's gross margin decreased from 44.45% to 23.60%, a change of −20.85 percentage points. The latest reported quarter, Q2 2026, shows 23.39%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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