Baker Hughes (BKR)
Market Price (2/7/2026): $58.9 | Market Cap: $58.2 BilSector: Energy | Industry: Oil & Gas Equipment & Services
Baker Hughes (BKR)
Market Price (2/7/2026): $58.9Market Cap: $58.2 BilSector: EnergyIndustry: Oil & Gas Equipment & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.0% | Trading close to highsDist 52W High is -0.4%, Dist 3Y High is -0.4% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 15x |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, CFO LTM is 3.8 Bil, FCF LTM is 2.5 Bil | Key risksBKR key risks include [1] revenue impacts from geopolitical events, Show more. | |
| Low stock price volatilityVol 12M is 37% | ||
| Megatrend and thematic driversMegatrends include US Energy Independence, Energy Transition & Decarbonization, and Hydrogen Economy. Themes include US Oilfield Technologies, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.0% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, CFO LTM is 3.8 Bil, FCF LTM is 2.5 Bil |
| Low stock price volatilityVol 12M is 37% |
| Megatrend and thematic driversMegatrends include US Energy Independence, Energy Transition & Decarbonization, and Hydrogen Economy. Themes include US Oilfield Technologies, Show more. |
| Trading close to highsDist 52W High is -0.4%, Dist 3Y High is -0.4% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 15x |
| Key risksBKR key risks include [1] revenue impacts from geopolitical events, Show more. |
Qualitative Assessment
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Baker Hughes (BKR) stock has gained about 20% since 10/31/2025 because of the following key factors:
1. Baker Hughes exceeded Q4 2025 earnings and revenue expectations. The company reported adjusted earnings per share of $0.78, surpassing the $0.67 consensus estimate, and revenue reached $7.39 billion, exceeding the anticipated $7.09 billion. This strong financial performance directly contributed to a 4.4% jump in shares immediately following the earnings announcement on January 25, 2026.
2. The Industrial & Energy Technology (IET) segment showed robust growth and resilience. The IET segment was a significant driver of profit, contributing to an 11% rise in adjusted profit and offsetting softness in traditional oilfield services. The segment achieved record orders of $4.0 billion in Q4 2025 and a record remaining performance obligation (RPO) of $35.9 billion, with IET RPO at $32.4 billion, providing clear visibility into future revenue. Management's focus on achieving 20% margins in the IET segment further bolstered investor confidence.
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1. Baker Hughes exceeded Q4 2025 earnings and revenue expectations. The company reported adjusted earnings per share of $0.78, surpassing the $0.67 consensus estimate, and revenue reached $7.39 billion, exceeding the anticipated $7.09 billion. This strong financial performance directly contributed to a 4.4% jump in shares immediately following the earnings announcement on January 25, 2026.
2. The Industrial & Energy Technology (IET) segment showed robust growth and resilience. The IET segment was a significant driver of profit, contributing to an 11% rise in adjusted profit and offsetting softness in traditional oilfield services. The segment achieved record orders of $4.0 billion in Q4 2025 and a record remaining performance obligation (RPO) of $35.9 billion, with IET RPO at $32.4 billion, providing clear visibility into future revenue. Management's focus on achieving 20% margins in the IET segment further bolstered investor confidence.
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Stock Movement Drivers
Fundamental Drivers
The 21.7% change in BKR stock from 10/31/2025 to 2/6/2026 was primarily driven by a 36.2% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2062026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.41 | 58.92 | 21.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 27,711 | 27,733 | 0.1% |
| Net Income Margin (%) | 10.4% | 9.3% | -10.6% |
| P/E Multiple | 16.5 | 22.5 | 36.2% |
| Shares Outstanding (Mil) | 986 | 988 | -0.2% |
| Cumulative Contribution | 21.7% |
Market Drivers
10/31/2025 to 2/6/2026| Return | Correlation | |
|---|---|---|
| BKR | 21.7% | |
| Market (SPY) | 1.3% | 39.2% |
| Sector (XLE) | 20.8% | 64.2% |
Fundamental Drivers
The 32.1% change in BKR stock from 7/31/2025 to 2/6/2026 was primarily driven by a 55.6% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2062026 | Change |
|---|---|---|---|
| Stock Price ($) | 44.60 | 58.92 | 32.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 27,609 | 27,733 | 0.4% |
| Net Income Margin (%) | 11.0% | 9.3% | -15.5% |
| P/E Multiple | 14.5 | 22.5 | 55.6% |
| Shares Outstanding (Mil) | 988 | 988 | 0.0% |
| Cumulative Contribution | 32.1% |
Market Drivers
7/31/2025 to 2/6/2026| Return | Correlation | |
|---|---|---|
| BKR | 32.1% | |
| Market (SPY) | 9.6% | 38.2% |
| Sector (XLE) | 23.2% | 65.0% |
Fundamental Drivers
The 30.3% change in BKR stock from 1/31/2025 to 2/6/2026 was primarily driven by a 13.7% change in the company's Net Income Margin (%).| (LTM values as of) | 1312025 | 2062026 | Change |
|---|---|---|---|
| Stock Price ($) | 45.21 | 58.92 | 30.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 27,300 | 27,733 | 1.6% |
| Net Income Margin (%) | 8.2% | 9.3% | 13.7% |
| P/E Multiple | 20.0 | 22.5 | 12.2% |
| Shares Outstanding (Mil) | 993 | 988 | 0.5% |
| Cumulative Contribution | 30.3% |
Market Drivers
1/31/2025 to 2/6/2026| Return | Correlation | |
|---|---|---|
| BKR | 30.3% | |
| Market (SPY) | 15.8% | 60.3% |
| Sector (XLE) | 24.5% | 75.7% |
Fundamental Drivers
The 99.3% change in BKR stock from 1/31/2023 to 2/6/2026 was primarily driven by a 46.0% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2062026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.57 | 58.92 | 99.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 20,736 | 27,733 | 33.7% |
| P/S Multiple | 1.4 | 2.1 | 46.0% |
| Shares Outstanding (Mil) | 1,008 | 988 | 2.0% |
| Cumulative Contribution | 99.3% |
Market Drivers
1/31/2023 to 2/6/2026| Return | Correlation | |
|---|---|---|
| BKR | 99.3% | |
| Market (SPY) | 76.2% | 49.1% |
| Sector (XLE) | 30.0% | 73.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BKR Return | 19% | 26% | 19% | 23% | 13% | 26% | 213% |
| Peers Return | 1501% | 80% | 30% | -11% | 18% | 24% | 4755% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 81% |
Monthly Win Rates [3] | |||||||
| BKR Win Rate | 50% | 58% | 50% | 67% | 58% | 100% | |
| Peers Win Rate | 43% | 68% | 55% | 40% | 70% | 90% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BKR Max Drawdown | -6% | -13% | -9% | -17% | -14% | 0% | |
| Peers Max Drawdown | -13% | -8% | -19% | -25% | -27% | 0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SLB, HAL, FTI, NOV, WFRD. See BKR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/6/2026 (YTD)
How Low Can It Go
| Event | BKR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -47.2% | -25.4% |
| % Gain to Breakeven | 89.3% | 34.1% |
| Time to Breakeven | 674 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -63.6% | -33.9% |
| % Gain to Breakeven | 174.8% | 51.3% |
| Time to Breakeven | 420 days | 148 days |
| 2018 Correction | ||
| % Loss | -64.5% | -19.8% |
| % Gain to Breakeven | 181.6% | 24.7% |
| Time to Breakeven | 2,598 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -73.6% | -56.8% |
| % Gain to Breakeven | 279.2% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to SLB, HAL, FTI, NOV, WFRD
In The Past
Baker Hughes's stock fell -47.2% during the 2022 Inflation Shock from a high on 3/25/2022. A -47.2% loss requires a 89.3% gain to breakeven.
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About Baker Hughes (BKR)
Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). The OFS segment offers exploration, drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, wireline services, downhole completion tools and systems, wellbore intervention tools and services, pressure pumping systems, oilfield and industrial chemicals, and artificial lift technologies for oil and natural gas, and oilfield service companies. The OFE segment provides subsea and surface wellheads, pressure control and production systems and services, flexible pipe systems for offshore and onshore applications, and life-of-field solutions, including well intervention and decommissioning solutions; and services related to onshore and offshore drilling and production operations. The TPS segment provides equipment and related services for mechanical-drive, compression, and power-generation applications across the oil and gas industry. Its product portfolio includes drivers, compressors, and turnkey solutions; and pumps, valves, and compressed natural gas and small-scale liquefied natural gas solutions. This segment serves upstream, midstream, downstream, onshore, offshore, and industrial customers. The DS segment provides sensor-based process measurements, machine health and condition monitoring, asset strategy and management, control systems, as well as non-destructive testing and inspection, and pipeline integrity solutions. The company was formerly known as Baker Hughes, a GE company and changed its name to Baker Hughes Company in October 2019. Baker Hughes Company is based in Houston, Texas.
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Here are a few analogies for Baker Hughes (BKR):
- Caterpillar for the oil and gas industry: Just as Caterpillar provides heavy equipment and services for construction and mining, Baker Hughes supplies essential equipment, technology, and services for oil and gas exploration, drilling, and production.
- IBM for energy infrastructure and services: Similar to how IBM offers comprehensive technology solutions, software, and services to enterprises, Baker Hughes provides specialized industrial technology, digital solutions, and operational services for energy companies' infrastructure.
- General Electric for the energy sector: Akin to General Electric's role as a broad industrial technology and power generation provider, Baker Hughes supplies advanced turbomachinery, process solutions, and digital services across the energy value chain, including traditional and new energy applications.
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- Oilfield Services: Provides a comprehensive range of services for drilling, evaluating, completing, and producing oil and gas wells.
- Oilfield Equipment: Supplies systems and equipment for subsea and land-based well construction and production operations.
- Turbomachinery & Process Solutions: Manufactures and services gas turbines, compressors, and pumps for power generation and industrial applications.
- Digital Solutions: Offers advanced sensors, inspection technologies, and software for industrial asset performance management and integrity.
- New Energy Solutions: Develops and provides technologies for cleaner energy, including hydrogen production, carbon capture, and geothermal energy.
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Baker Hughes (BKR) operates primarily as a business-to-business (B2B) company, providing a broad range of products, services, and digital solutions to the energy and industrial sectors worldwide. Its major customers are global oil and gas exploration and production companies, including international oil companies (IOCs), national oil companies (NOCs), and large independent operators.
While Baker Hughes's 10-K filings indicate that no single customer accounted for more than 10% of its consolidated revenues in recent years, demonstrating a diversified customer base, its services are crucial to the operations of the world's largest energy producers. Representative examples of the types of major customer companies that utilize Baker Hughes's offerings include:
- ExxonMobil (Symbol: XOM)
- Chevron (Symbol: CVX)
- Shell plc (Symbol: SHEL)
- Saudi Aramco (Symbol: 2222.SR)
- Petrobras (Symbol: PBR)
- ConocoPhillips (Symbol: COP)
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Lorenzo Simonelli, Chairman, President and Chief Executive Officer
Lorenzo Simonelli has served as Chairman and Chief Executive Officer of Baker Hughes since the company's creation in 2017, overseeing the successful merger of GE Oil & Gas with Baker Hughes Inc.. He was named Chairman of the Board in October 2017. Prior to this, he was President and CEO of GE Oil & Gas starting in 2013. Simonelli previously held the position of President and CEO of GE Transportation for five years, where he focused on advanced technology manufacturing, intelligent control systems, and diversified propulsion solutions. His career at GE began in 1994 within the Financial Management Program, and he subsequently served as CFO Americas for GE Consumer & Industrial, and General Manager, Product Management for GE Appliances, Lighting, Electrical Distribution and Motors.
Ahmed Moghal, Executive Vice President and Chief Financial Officer
Ahmed Moghal was appointed Chief Financial Officer of Baker Hughes in February 2025. Before becoming CFO, he was the Senior Vice President and CFO of the Industrial & Energy Technology (IET) business of Baker Hughes since 2023. Moghal played a key role as the financial planning & analysis leader during the merger of Baker Hughes and GE Oil & Gas in 2017. He began his career at GE in the Financial Management Program and later served on the Corporate Audit Staff, accumulating over two decades of finance experience across various industries globally.
Maria Claudia Borras, Chief Growth & Experience Officer and interim Executive Vice President of Industrial & Energy Technology
Maria Claudia Borras serves as Baker Hughes' Chief Growth & Experience Officer, responsible for driving enterprise growth and enhancing customer experience. She also holds the interim role of Executive Vice President of Industrial & Energy Technology. Her extensive career at Baker Hughes includes previous roles as Executive Vice President of Oilfield Services & Equipment (2022-2024) and Executive Vice President of Oilfield Services (2017-2022). Borras was Chief Commercial Officer at GE Oil & Gas from 2015 to 2017, having joined GE from Baker Hughes in January 2015. She originally joined Baker Hughes in 1993, after starting her career in the oil and gas industry in 1991 as a production engineer for Esso in Bogotá, Colombia.
Georgia Magno, Chief Legal Officer
Georgia Magno has been the Chief Legal Officer of Baker Hughes since January 2024. Prior to this, she served as General Counsel for Baker Hughes' Industrial and Energy Technology Business Segment. She also held the position of General Counsel for Global Supply Chain within the company. Magno currently serves as the Vice Chairwoman at Nuovo Pignone Holding.
Jim Ross, Executive Vice President of Global Operations
Jim Ross is the Executive Vice President of Global Operations at Baker Hughes. Before assuming this role, he was the Senior Vice President and Chief Financial Officer of Baker Hughes Inc. (BHI) prior to its merger with GE Oil & Gas. His career at Baker Hughes has included leadership in global operations.
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The key risks to Baker Hughes' (BKR) business include its significant exposure to the volatile oil and natural gas market, the impact of geopolitical tensions and global trade policies coupled with cost inflation, and intense competition along with supply chain disruptions.
- Market Volatility and Dependence on the Oil and Natural Gas Industry
Baker Hughes' financial performance is highly susceptible to the cyclical nature of the oil and natural gas industry. Fluctuations in oil and gas prices directly influence the activity levels and capital expenditure of its customers, which can lead to volatility in the company's revenue and profitability. The Oilfield Services & Equipment (OFSE) segment, in particular, faces near-term margin pressure due to these market conditions. A global economic downturn or trade conflicts could further exacerbate this risk by reducing spending from energy companies and tightening their cash flow. - Geopolitical Tensions, Global Trade Policy Shifts, and Cost Inflation
Geopolitical events and shifts in global trade policies pose significant threats by disrupting supply chains and affecting customer demand. For instance, the suspension of Russian contracts impacted the company's turbomachinery and process solutions revenue. Furthermore, ongoing cost inflation, encompassing rising expenses for procurement and operations, is identified as a near-term headwind that can pressure operating margins. - Intense Competition and Supply Chain Disruptions
Baker Hughes operates within a highly competitive landscape against major players such as Schlumberger and Halliburton. This competitive pressure can limit pricing power, impact market share, and make it challenging to negotiate favorable contract terms. Additionally, the company faces risks from supply chain disruptions, including shortages of critical components like computer chips and electronic parts, which can impair productivity and contribute to increased costs.
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The accelerating global energy transition away from fossil fuels. This trend, driven by evolving climate policies, technological advancements in renewable energy solutions, and shifting investor priorities, directly threatens the long-term demand for Baker Hughes's core Oilfield Services and Equipment (OFSE) offerings. While Baker Hughes is actively expanding its Industrial & Energy Technology (IET) segment into new energy solutions such as hydrogen, carbon capture, utilization and storage (CCUS), and renewables, the speed and scale of the decline in capital expenditure by its traditional oil and gas customers could outpace the growth of its new energy ventures, thereby impacting overall revenue and profitability.
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Baker Hughes (BKR) operates primarily in two main segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The company also provides various chemical solutions.
Oilfield Services & Equipment (OFSE)
- The global Oilfield Services and Equipment (OFSE) market is estimated at $150 billion in 2025. It is projected to expand at a compound annual growth rate (CAGR) of 5% over the forecast period (2025-2033), reaching approximately $230 billion by 2033.
Industrial & Energy Technology (IET)
This segment encompasses a range of products and services, including turbomachinery, climate technology solutions, and industrial solutions.
- Turbomachinery (Oil & Gas Industry): The global turbomachinery market within the oil and gas industry is estimated at $50 billion in 2025. This market is projected to grow at a CAGR of 6% between 2025 and 2033, reaching approximately $80 billion by 2033.
Chemicals
- Oilfield Chemicals: The global oilfield chemicals market is estimated to be valued at USD 30.40 billion in 2025. It is expected to reach USD 38.70 billion by 2032, exhibiting a CAGR of 3.5% from 2025 to 2032.
- Water Treatment Chemicals: The global water treatment chemicals market size is calculated at USD 40.48 billion in 2025. It is expected to surpass approximately USD 58.16 billion by 2034, growing at a CAGR of 4.11% from 2025 to 2034.
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Baker Hughes (BKR) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market trends:
- Growth in Industrial & Energy Technology (IET) Segment, especially LNG and Gas Technology Services: The company anticipates continued strong order momentum and robust backlog conversion within its IET segment. This is largely fueled by increasing global demand for liquefied natural gas (LNG), significant investments in new LNG projects such as the Rio Grande LNG facility (Trains 4-8), and the expansion of global gas infrastructure. The IET segment also benefits from long-term structural growth in gas technology services.
- Expansion into New Energy Technologies and Decarbonization Solutions: Baker Hughes is strategically pivoting towards energy transition technologies. Future revenue growth is expected from new energy orders, including climate technology solutions like zero-emissions ICL technology, geothermal initiatives, hydrogen, and broader decarbonization strategies. The acquisition of Chart Industries is a key part of this strategy to capitalize on these emerging markets.
- Leveraging Digital Solutions and AI-driven Demand: The company is expanding its digital footprint by deploying solutions such as the Cordant™ Asset Health platform for enhanced equipment monitoring and diagnostics. Furthermore, Baker Hughes is positioning its power solutions portfolio to meet the increasing power demand from AI and data centers, presenting a significant growth opportunity.
- International Project Wins and Market Expansion: Baker Hughes continues to secure major contracts and strengthen its presence in international markets. Recent examples include additional FPSO orders, a major contract for TotalEnergies' Kaminho FSO project in Angola, strengthened relationships with Petrobras in Brazil's Santos Basin, and significant projects in Türkiye and Brazil for its Oilfield Services and Equipment (OFSE) subsea, surface, and pressure systems. Investments in manufacturing and R&D in regions like Italy also aim to meet growing global energy demand.
- Strategic Pricing and Operational Efficiency: Higher pricing across both the IET and OFSE segments, combined with structural cost-out initiatives and productivity gains, are contributing to revenue growth and margin expansion. This focus on operational efficiency and optimized pricing strategies supports overall financial performance.
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Share Repurchases
- Baker Hughes repurchased $828 million in shares in 2022, $538 million in 2023, and $484 million in 2024.
- In the first half of 2025, the company reported $188 million in share repurchases in Q1 and $196 million in Q2.
- As of December 31, 2024, approximately $1.7 billion remained authorized for future share repurchases.
Share Issuance
- Share issuances for employee stock plans and vesting of restricted stock units occurred, with 4.975 million shares issued upon vesting of restricted stock units in 2024 and 1.814 million shares issued for the employee stock purchase plan in 2024.
- Similarly, in 2023, 5.738 million shares were issued upon vesting of restricted stock units and 1.846 million for the employee stock purchase plan.
Outbound Investments
- In July 2025, Baker Hughes acquired Chart Industries for $13.6 billion to expand its portfolio in clean energy hardware, LNG technology, and industrial cooling solutions.
- The company completed the acquisition of Continental Disc Corporation for $540 million in cash in August 2025, enhancing its flow control product line.
- Baker Hughes made a second strategic investment in Baseload Capital, a geothermal-focused entity, in 2023.
Capital Expenditures
- Capital expenditures were $974 million in 2020, $856 million in 2021, $989 million in 2022, $1.224 billion in 2023, and $1.278 billion in 2024.
- For the first two quarters of 2025, capital expenditures were $255 million in Q1 and $271 million in Q2.
- A significant focus for capital expenditures is on energy infrastructure, data centers, hydrogen, and clean power markets.
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 54.81 |
| Mkt Cap | 26.8 |
| Rev LTM | 15,983 |
| Op Inc LTM | 2,192 |
| FCF LTM | 1,606 |
| FCF 3Y Avg | 1,485 |
| CFO LTM | 2,408 |
| CFO 3Y Avg | 2,289 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.5% |
| Rev Chg 3Y Avg | 9.2% |
| Rev Chg Q | 0.6% |
| QoQ Delta Rev Chg LTM | 0.1% |
| Op Mgn LTM | 13.6% |
| Op Mgn 3Y Avg | 14.0% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 14.1% |
| CFO/Rev 3Y Avg | 13.9% |
| FCF/Rev LTM | 9.6% |
| FCF/Rev 3Y Avg | 9.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 26.8 |
| P/S | 1.8 |
| P/EBIT | 14.8 |
| P/E | 22.5 |
| P/CFO | 11.4 |
| Total Yield | 6.4% |
| Dividend Yield | 1.8% |
| FCF Yield 3Y Avg | 7.7% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 19.9% |
| 3M Rtn | 32.8% |
| 6M Rtn | 65.0% |
| 12M Rtn | 35.5% |
| 3Y Rtn | 44.9% |
| 1M Excs Rtn | 19.7% |
| 3M Excs Rtn | 32.8% |
| 6M Excs Rtn | 55.2% |
| 12M Excs Rtn | 17.8% |
| 3Y Excs Rtn | -23.1% |
Comparison Analyses
Segment Financials
Assets by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Oilfield Services & Equipment (OFSE) | 18,781 | 17,925 | 17,181 | 17,950 | |
| Industrial & Energy Technology (IET) | 13,838 | 13,781 | 12,286 | 11,480 | |
| Corporate and eliminations | 5,744 | 5,239 | 4,714 | 5,878 | 6,282 |
| Digital Solutions | 3,948 | ||||
| Oilfield Equipment | 3,344 | ||||
| Oilfield Services | 15,482 | ||||
| Turbomachinery & Process Solutions | 8,951 | ||||
| Total | 38,363 | 36,945 | 34,181 | 35,308 | 38,007 |
Price Behavior
Price Behavior
| Market Price | $58.92 | |
| Market Cap ($ Bil) | 58.1 | |
| First Trading Date | 04/07/1987 | |
| Distance from 52W High | -0.4% | |
| 50 Days | 200 Days | |
| DMA Price | $50.24 | $44.54 |
| DMA Trend | up | up |
| Distance from DMA | 17.3% | 32.3% |
| 3M | 1YR | |
| Volatility | 31.5% | 36.5% |
| Downside Capture | 12.23 | 88.98 |
| Upside Capture | 120.60 | 101.51 |
| Correlation (SPY) | 32.8% | 60.5% |
BKR Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.50 | 1.21 | 1.10 | 0.94 | 1.14 | 0.99 |
| Up Beta | 4.15 | 3.68 | 1.83 | 0.91 | 0.95 | 0.97 |
| Down Beta | 0.83 | 0.68 | 1.01 | 1.29 | 1.70 | 1.43 |
| Up Capture | 356% | 158% | 141% | 105% | 97% | 57% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 13 | 24 | 38 | 77 | 141 | 401 |
| Down Capture | -100% | 48% | 57% | 53% | 90% | 90% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 7 | 17 | 23 | 48 | 110 | 346 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BKR | |
|---|---|---|---|---|
| BKR | 23.3% | 36.6% | 0.64 | - |
| Sector ETF (XLE) | 21.0% | 25.3% | 0.71 | 75.9% |
| Equity (SPY) | 15.4% | 19.4% | 0.61 | 60.7% |
| Gold (GLD) | 73.9% | 24.8% | 2.19 | 13.3% |
| Commodities (DBC) | 8.9% | 16.6% | 0.34 | 50.5% |
| Real Estate (VNQ) | 4.6% | 16.5% | 0.10 | 43.5% |
| Bitcoin (BTCUSD) | -33.5% | 42.9% | -0.83 | 24.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BKR | |
|---|---|---|---|---|
| BKR | 27.0% | 35.4% | 0.76 | - |
| Sector ETF (XLE) | 26.4% | 26.5% | 0.89 | 75.8% |
| Equity (SPY) | 14.4% | 17.0% | 0.68 | 42.1% |
| Gold (GLD) | 21.4% | 16.9% | 1.03 | 15.4% |
| Commodities (DBC) | 11.5% | 18.9% | 0.49 | 50.4% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 31.4% |
| Bitcoin (BTCUSD) | 13.9% | 57.8% | 0.46 | 14.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BKR | |
|---|---|---|---|---|
| BKR | 12.5% | 51.6% | 0.40 | - |
| Sector ETF (XLE) | 10.5% | 29.6% | 0.40 | 60.4% |
| Equity (SPY) | 15.4% | 17.9% | 0.74 | 39.7% |
| Gold (GLD) | 15.7% | 15.5% | 0.84 | 4.2% |
| Commodities (DBC) | 8.0% | 17.6% | 0.37 | 39.9% |
| Real Estate (VNQ) | 6.0% | 20.7% | 0.25 | 32.8% |
| Bitcoin (BTCUSD) | 67.1% | 66.6% | 1.07 | 10.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/26/2026 | 4.4% | ||
| 10/23/2025 | -3.3% | -0.2% | 0.5% |
| 7/22/2025 | 11.6% | 14.3% | 7.6% |
| 4/22/2025 | -6.4% | -6.4% | -3.9% |
| 1/30/2025 | 3.5% | 5.3% | -1.8% |
| 10/22/2024 | 2.8% | 3.1% | 23.8% |
| 7/25/2024 | 5.8% | 5.8% | -0.4% |
| 4/23/2024 | -1.0% | -1.2% | -2.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 13 | 13 |
| # Negative | 10 | 11 | 11 |
| Median Positive | 3.0% | 3.1% | 7.6% |
| Median Negative | -3.5% | -4.4% | -5.7% |
| Max Positive | 11.6% | 14.3% | 37.9% |
| Max Negative | -8.3% | -14.7% | -11.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/05/2026 | 10-K |
| 09/30/2025 | 10/24/2025 | 10-Q |
| 06/30/2025 | 07/23/2025 | 10-Q |
| 03/31/2025 | 04/23/2025 | 10-Q |
| 12/31/2024 | 02/04/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 04/24/2024 | 10-Q |
| 12/31/2023 | 02/05/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/19/2023 | 10-Q |
| 03/31/2023 | 04/19/2023 | 10-Q |
| 12/31/2022 | 02/14/2023 | 10-K |
| 09/30/2022 | 10/20/2022 | 10-Q |
| 06/30/2022 | 07/21/2022 | 10-Q |
| 03/31/2022 | 04/20/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Charlton, Rebecca L | SVP, Controller & CAO | Direct | Sell | 11142025 | 47.56 | 278 | 13,222 | 590,648 | Form |
| 2 | Apostolides, James E | Chief Infra & Performance Ofcr | Direct | Sell | 9252025 | 50.00 | 6,216 | 310,800 | 1,017,450 | Form |
| 3 | Charlton, Rebecca L | SVP, Controller & CAO | Direct | Sell | 9252025 | 50.00 | 1,000 | 50,000 | 588,600 | Form |
| 4 | Ramaswamy, Sreeganesh | EVP, Industrial & Energy Tech | Direct | Sell | 9252025 | 50.00 | 25,000 | 1,250,000 | 2,026,000 | Form |
| 5 | Borras, Maria C | Chief Growth & Experience Ofcr | Direct | Sell | 9122025 | 46.89 | 50,362 | 2,361,474 | 5,469,390 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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