What is the primary revenue source for Baker Hughes (BKR)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze BKR's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Baker Hughes's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Baker Hughes Makes Money: BKR Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Revenue: USD 13.33B
Largest revenue segment share (Gas Technology - Equipment): 23.93%
Cost of revenue: USD 6.74B
Selling, general and administrative: USD 1.13B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Largest revenue segment share (Gas Technology - Equipment)Gas Technology - Equipment · segment_value / revenue * 100
RevenueTotal revenue · RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenueCosts · CostOfGoodsAndServicesSold
Selling, general and administrativeSelling, general and administrative expense · SellingGeneralAndAdministrativeExpense

Assets

Where is the money tied up, and how is the company financed?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Cash and cash equivalents: USD 15.73B
Accounts receivable: USD 6.65B
Goodwill: USD 5.57B
Shareholder equity: USD 20.08B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Shareholder equityTotal equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Cash and cash equivalentsCash and cash equivalents · CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
GoodwillGoodwill · Goodwill
Accounts receivableCurrent receivables, net · ReceivablesNetCurrent

Some conclusions lack complete source metrics and should be interpreted cautiously.

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 114.53% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 1.61B
Operating cash flow: USD 1.84B
Cash conversion: 114.53%
Free cash flow: USD 1.21B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income attributable to baker hughes company · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Cash dividends: USD 456.00M
Net shareholder return: USD 456.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

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Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?