Baker Hughes Company (68V.DE) Q3 2025 Earnings Report

Executive Summary

- Baker Hughes reported Q3 2025 revenue of $7.01 billion, up ~1.5% year over year (YoY) and ~1.5% quarter over quarter (QoQ), driven by continued demand in oilfield services and a favorable mix across business segments. Gross profit was $1.701 billion with a gross margin of 24.3%, delivering a meaningful YoY gross-margin expansion versus Q3 2024 (~22.3%). Operating income reached $0.948 billion (operating margin ~13.5%), up modestly YoY and meaningfully QoQ despite a swing in other income items.

Key Performance Indicators

Revenue

7.01B

QoQ: 1.45% | YoY:1.48%

Gross Profit

1.70B

24.27% margin

QoQ: 5.33% | YoY:10.31%

Operating Income

948.00M

QoQ: 6.88% | YoY:1.94%

Net Income

609.00M

QoQ: -13.12% | YoY:-20.50%

EPS

0.62

QoQ: -12.68% | YoY:-19.48%

Revenue Trend

Margin Analysis

Key Insights

Revenue: $7.010B; YoY +1.48%; QoQ +1.45%
Gross Profit: $1.701B; Margin 24.27%; YoY +10.3%; QoQ +5.3%
Operating Income: $0.948B; Margin 13.52%; YoY +1.94%; QoQ +6.88%
Net Income: $0.609B; Margin 8.69%; YoY -20.5%; QoQ -13.12%
EPS (diluted): $0.61; Basic: $0.62; YoY -19.5%; QoQ -12.7%

Financial Highlights

- Revenue: $7.010B; YoY +1.48%; QoQ +1.45%
- Gross Profit: $1.701B; Margin 24.27%; YoY +10.3%; QoQ +5.3%
- Operating Income: $0.948B; Margin 13.52%; YoY +1.94%; QoQ +6.88%
- Net Income: $0.609B; Margin 8.69%; YoY -20.5%; QoQ -13.12%
- EPS (diluted): $0.61; Basic: $0.62; YoY -19.5%; QoQ -12.7%
- EBITDA: $1.159B; EBITDA Margin ~16.5%
- Cash Flow: OCF per share $0.942; FCF per share $0.643; Cash per share $2.73
- Balance Sheet: Debt ratio 0.154; Debt-to-capitalization 0.248; Interest coverage 16.93x; DSO ~84 days; CCC ~98 days
- Valuation (approx): P/E ~19.7x; P/B ~2.6x; P/FCF ~75.8x; Dividend yield ~0.47%

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	7.01B	1.48%	1.45%
Gross Profit	1.70B	10.31%	5.33%
Operating Income	948.00M	1.94%	6.88%
Net Income	609.00M	-20.50%	-13.12%
EPS	0.62	-19.48%	-12.68%

Key Financial Ratios

currentRatio

1.41

grossProfitMargin

24.3%

operatingProfitMargin

13.5%

netProfitMargin

8.69%

returnOnAssets

1.55%

returnOnEquity

3.32%

debtEquityRatio

0.33

operatingCashFlowPerShare

$0.94

freeCashFlowPerShare

$0.64

dividendPayoutRatio

37.3%

priceToBookRatio

2.62

priceEarningsRatio

19.72

Net Income vs. Revenue

Expense Breakdown

Competitive Position

Company	Gross Margin	Operating Margin	Return on Equity	P/E Ratio
68V.DE Focus	24.27%	13.50%	3.32%	19.72%

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2025	7,010.00	0.61	+1.5%	View
Q2 2025	6,910.00	0.71	-3.2%	View
Q1 2025	6,427.00	0.40	+0.1%	View
Q4 2024	7,364.00	1.18	+7.7%	View
Q3 2024	6,908.00	0.77	+4.0%	View

Baker Hughes Company (68V.DE) Q3 2025 Earnings Report

Earnings Highlights

Baker Hughes Company (68V.DE) QQ3 2025 Results: Modest Revenue Growth, Margin Discipline and Solid Cash Generation Across OFS, TPS, OFE and Digital Solutions

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

Baker Hughes Company (68V.DE) Q3 2025 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

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