Baker Hughes Company (BKR) Revenue & Revenue Breakdown


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Baker Hughes Company Revenue Highlights


Latest Revenue (Y)

$25.51B

Latest Revenue (Q)

$6.91B

Main Segment (Y)

Product

Main Geography (Y)

Non-US

Baker Hughes Company Revenue by Period


Baker Hughes Company Revenue by Year

DateRevenueChange
2023-12-31$25.51B20.56%
2022-12-31$21.16B3.02%
2021-12-31$20.54B-0.82%
2020-12-31$20.70B-13.14%
2019-12-31$23.84B4.20%
2018-12-31$22.88B33.17%
2017-12-31$17.18B29.47%
2016-12-31$13.27B-20.49%
2015-12-31$16.69B-

Baker Hughes Company generated $25.51B in revenue during NA 2023, up 20.56% compared to the previous quarter, and up 111.49% compared to the same period a year ago.

Baker Hughes Company Revenue by Quarter

DateRevenueChange
2024-09-30$6.91B-3.24%
2024-06-30$7.14B11.23%
2024-03-31$6.42B-6.10%
2023-12-31$6.83B2.92%
2023-09-30$6.64B5.16%
2023-06-30$6.32B10.48%
2023-03-31$5.72B-3.20%
2022-12-31$5.91B9.98%
2022-09-30$5.37B6.38%
2022-06-30$5.05B4.38%
2022-03-31$4.83B-12.39%
2021-12-31$5.52B8.36%
2021-09-30$5.09B-0.95%
2021-06-30$5.14B7.53%
2021-03-31$4.78B-12.98%
2020-12-31$5.50B8.83%
2020-09-30$5.05B6.61%
2020-06-30$4.74B-12.70%
2020-03-31$5.42B-14.53%
2019-12-31$6.35B7.91%
2019-09-30$5.88B-1.87%
2019-06-30$5.99B6.75%
2019-03-31$5.62B-10.36%
2018-12-31$6.26B10.57%
2018-09-30$5.67B2.11%
2018-06-30$5.55B2.76%
2018-03-31$5.40B-6.32%
2017-12-31$5.76B7.22%
2017-09-30$5.38B123.59%
2017-06-30$2.40B-55.26%
2017-03-31$5.37B52.82%
2016-12-31$3.52B100.00%
2016-09-30--

Baker Hughes Company generated $6.91B in revenue during Q3 2024, up -3.24% compared to the previous quarter, and up 109.39% compared to the same period a year ago.

Baker Hughes Company Revenue Breakdown


Baker Hughes Company Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Product$15.62B$12.24B$12.25B$12.85B$13.69B
Service$9.89B$8.92B$8.25B$7.86B$10.15B

Baker Hughes Company's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (61.23%), and Service (38.77%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Oilfield Services And Equipment$3.96B$4.01B$3.78B-----------------
Industrial And Energy Technology$2.94B$3.13B$2.63B-----------------
Service--$2.42B$2.54B$2.60B$2.52B$2.23B$2.38B$2.29B$2.23B$2.03B$2.23B$2.11B$2.06B$1.85B$1.89B$1.76B$1.87B$2.34B$2.54B
Product--$4.00B$4.30B$4.04B$3.79B$3.48B$3.53B$3.08B$2.82B$2.81B$3.25B$2.98B$3.08B$2.94B$3.61B$3.29B$2.87B$3.08B$3.80B

Baker Hughes Company's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Oilfield Services And Equipment (57.37%), and Industrial And Energy Technology (42.63%).

Baker Hughes Company Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
UNITED STATES$6.56B$4.94B$4.50B$4.64B$6.19B
Non-US$18.95B$16.21B$16.00B$16.07B$17.65B

Baker Hughes Company's latest annual revenue breakdown by geography, as of Dec 23: Non-US (74.29%), and UNITED STATES (25.71%).

Quarterly Revenue by Country

CountryDec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Jun 18
UNITED STATES$1.33B$1.29B$1.22B$1.10B$1.16B$1.20B$1.08B$1.05B$1.31B$1.03B$983.00M$1.31B$1.57B$1.50B$1.62B$1.50B$1.68B$1.56B
Non-US$4.57B$4.08B$3.83B$3.73B$4.33B$3.89B$4.06B$3.73B$4.19B$4.02B$3.75B$4.11B$4.78B$4.38B$4.38B$4.11B$3.99B$3.99B

Baker Hughes Company's latest quarterly revenue breakdown by geography, as of Dec 22: Non-US (77.46%), and UNITED STATES (22.54%).

Baker Hughes Company Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
SLBSchlumberger$33.13B$9.16B
BKRBaker Hughes Company$25.51B$6.91B
HALHalliburton Company$23.02B$5.83B
TSTenaris$14.87B$3.44B
NOVNOV$8.58B$2.19B
FTITechnipFMC$7.82B$2.35B
WFRDWeatherford$5.13B$1.41B
CHXChampionX$3.76B$906.53M
OIIOceaneering$2.42B$679.81M
DNOWNOW$2.32B$633.00M
VALValaris$1.78B$643.10M
RESRPC$1.62B$337.65M
XPROExpro Group$1.51B$422.83M
VTOLBristow Group$1.23B$365.12M
WHDCactus$1.10B$293.18M
TDWTidewater$1.01B$340.36M

BKR Revenue FAQ


What is Baker Hughes Company’s yearly revenue?

Baker Hughes Company's yearly revenue for 2023 was $25.51B, representing an increase of 20.56% compared to 2022. The company's yearly revenue for 2022 was $21.16B, representing an increase of 3.02% compared to 2021. BKR's yearly revenue for 2021 was $20.54B, representing a decrease of -0.82% compared to 2020.

What is Baker Hughes Company’s quarterly revenue?

Baker Hughes Company's quarterly revenue for Q3 2024 was $6.91B, a -3.24% decrease from the previous quarter (Q2 2024), and a 4.02% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $7.14B, a 11.23% increase from the previous quarter (Q1 2024), and a 13.05% increase year-over-year (Q2 2023). BKR's quarterly revenue for Q1 2024 was $6.42B, a -6.10% decrease from the previous quarter (Q4 2023), and a 12.28% increase year-over-year (Q1 2023).

What is Baker Hughes Company’s revenue growth rate?

Baker Hughes Company's revenue growth rate for the last 3 years (2021-2023) was 24.20%, and for the last 5 years (2019-2023) was 7.00%.

What are Baker Hughes Company’s revenue streams?

Baker Hughes Company's revenue streams in c 23 are Product, and Service. Product generated $15.62B in revenue, accounting 61.23% of the company's total revenue, up 27.63% year-over-year. Service generated $9.89B in revenue, accounting 38.77% of the company's total revenue, up 10.86% year-over-year.

What is Baker Hughes Company’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Baker Hughes Company was Product. This segment made a revenue of $15.62B, representing 61.23% of the company's total revenue.