​

Baker Hughes (BKR) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Baker Hughes Revenue Highlights

Latest Revenue (Y)

$25.51B

Latest Revenue (Q)

$6.91B

Main Segment (Y)

Product

Main Geography (Y)

Non-US

Baker Hughes Revenue by Period

Baker Hughes 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 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 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 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 Revenue Breakdown

Baker Hughes 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
Oilfield Services And Equipment$15.36B----
Industrial And Energy Technology$10.14B----

Baker Hughes's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (30.61%), Oilfield Services And Equipment (30.11%), Industrial And Energy Technology (19.89%), and Service (19.39%).

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
Industrial And Energy Technology$2.94B$3.13B$2.63B-----------------
Oilfield Services And Equipment$3.96B$4.01B$3.78B-----------------
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'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 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'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's latest quarterly revenue breakdown by geography, as of Dec 22: Non-US (77.46%), and UNITED STATES (22.54%).

Baker Hughes Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
SLBSchlumberger$36.29B$9.16B
BKRBaker Hughes$25.51B$6.91B
HALHalliburton$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’s yearly revenue?

Baker Hughes'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’s quarterly revenue?

Baker Hughes'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’s revenue growth rate?

Baker Hughes'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’s revenue streams?

Baker Hughes's revenue streams in c 23 are Product, Service, Oilfield Services And Equipment, and Industrial And Energy Technology. Product generated $15.62B in revenue, accounting 30.61% of the company's total revenue, up 27.63% year-over-year. Service generated $9.89B in revenue, accounting 19.39% of the company's total revenue, up 10.86% year-over-year. Oilfield Services And Equipment generated $15.36B in revenue, accounting 30.11% of the company's total revenue Industrial And Energy Technology generated $10.14B in revenue, accounting 19.89% of the company's total revenue

What is Baker Hughes’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Baker Hughes was Product. This segment made a revenue of $15.62B, representing 30.61% of the company's total revenue.