Baker Hughes BKR
Baker Hughes Company ("Baker Hughes," "the Company," "we," "us," or "our") is an energy technology company with a diversified portfolio of technologies and services that span the energy and industrial value chain. 10-K, Item 1
- Employees
- 56,000
- Headquarters
- Houston, TX
- CEO
- Lorenzo Simonelli
- Next results
- around Jan 25, 2027
BKR among Energy peers
Six ratios from the latest 10-K. Each corner is the share of 20 peers the company is above, not a score.
What changed
20 new risk paragraphs. 10-K filed Feb 5, 2026 against Feb 4, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
11 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 11 checks found nothing to note
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Receivables -6.8% vs revenue -0.3% (-6.4 pts)
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Cash from operations $3.8B vs net income $2.6B (FY ending Dec 31, 2025)
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Inventory +0.0% vs revenue -0.3% (+0.3 pts)
8 more checks with nothing to note
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Same auditor in both 10-Ks: KPMG LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: Revenue recognition on certain agreements for sales of equipment manufactured to unique customer specifications
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
20 paragraphs in Risk Factors that were not in the 10-K filed Feb 4, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 4, 2025 10-K, ITEM 1A
Furthermore, the uncertainty and variability in energy transition timelines across different regions may make it difficult to optimize our portfolio and resource allocation decisions. Our ability to achieve our strategic objectives and financial targets depends on accurately anticipating market demand across both traditional and…
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Item 1A · new paragraph · not in the 10-K filed Feb 4, 2025 10-K, ITEM 1A
Our proposed transaction with Chart creates business, regulatory, and reputational risks. On July 28, 2025, we entered into a merger agreement with Chart, which sets forth the terms of our proposed transaction. The proposed transaction with Chart entails important risks, including, among others: the expected timing and likelihood of…
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Item 1A · new paragraph · not in the 10-K filed Feb 4, 2025 10-K, ITEM 1A
On July 4, 2025, the One Big Beautiful Bill Act ("OBBBA") was enacted, introducing broad changes to the U.S. tax code, including modifications to federal income tax provisions. The legislation has multiple effective dates, with certain provisions effective in 2025 and others taking effect in later years. The aggregate impact of the…
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Item 1A · new paragraph · not in the 10-K filed Feb 4, 2025 10-K, ITEM 1A
Recent changes in U.S. administrative policy, including increases in tariffs and any changes in international trade relations or trade agreements, may have an adverse effect on our business. There is continued uncertainty about the future relationship between the U.S. and various other countries with respect to tariffs, trade policies,…
New risk paragraphs, against peers
Latest 10-K of each, Energy companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $21.2B | $25.5B | $27.8B | $27.7B |
| Net income | −$601.0M | $1.9B | $3.0B | $2.6B |
| Operating cash flow | $1.9B | $3.1B | $3.3B | $3.8B |
| Free cash flow | $899.0M | $1.8B | $2.1B | $2.5B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$27.7B ▼ 0.3% in FY2025$2.6B ▼ 13.1% in FY2025$2.5B ▲ 23.5% in FY2025
Recent filings
3 filings in the last 30 days · SEC EDGAR
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BuyNov 5, 2026RICE JOHN G (Director) bought $531K open-market purchase on Nov 3, 2026
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10-QOct 28, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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8-KOct 27, 2026Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
About the company
Baker Hughes, Houston, TX · from the 10-K filed Feb 5, 2026
Baker Hughes Company ("Baker Hughes," "the Company," "we," "us," or "our") is an energy technology company with a diversified portfolio of technologies and services that span the energy and industrial value chain. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward. With our diverse portfolio, leading technology and clear purpose to make energy safer, cleaner and more efficient, Baker Hughes is well positioned to deliver solutions across industrial and energy markets.
- Headquarters
- Houston, TX
- Country
- United States
- Listed on
- Nasdaq
- Fiscal year ends
- December 31
- Last results
- Oct 27, 2026
- Incorporated in
- DE
Employees, at the top of the page: "As of December 31, 2025, we had approximately 56,000 employees" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Feb 5, 2026 (open at SEC), compared with the 10-K filed Feb 4, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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