BKR
Baker Hughes Company
BKR's fundamentals are mixed: free cash flow grew 55%, while earnings per share grew only 0%. At 17x earnings, it's trading below its usual 19x. Analysts expect strong earnings growth.
BKR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Under pressure |
BKR's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.
BKR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $45.08 | -7.7% |
| Current | 17x | $48.86 | — |
| Forward | 18x | $48.86 | — |
| Fair | 19x | $55.66 | +14% |
| Expensive | 57x | $165 | +238% |
Historical ranges are pointers, not guarantees.
BKR's PE is in its cheap range at 17x. On analysts' estimates for next year's earnings, today's price would be 18x.
BKR Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BKR, with profitability holding steady.
BKR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.74 | -5.6% |
| Q3 2026 | $2.90 | 0% |
| Q2 2026 | $3.10 | +1.3% |
| Q1 2026 | $3.13 | +6.8% |
| Q4 2025 | $2.60 | -13% |
| Q3 2025 | $2.90 | +30% |
| Q2 2025 | $3.06 | +55% |
| Q1 2025 | $2.93 | +64% |
| Q4 2024 | $2.98 | +56% |
BKR earned $2.90 per share over the past year, about the same as the year before.
BKR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $8B | +14% |
| Q2 2026 | $6.7B | -2.4% |
| Q1 2026 | $6.6B | +2.5% |
| Q4 2025 | $7.4B | +0.3% |
| Q3 2025 | $7B | +1.5% |
| Q2 2025 | $6.9B | -3.2% |
| Q1 2025 | $6.4B | +0.1% |
| Q4 2024 | $7.4B | +7.7% |
BKR's revenue grew through 2024 and has held roughly level since: $8B last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.5% | -5.2 points |
| Q2 2026 | 13% | -0.8 points |
| Q1 2026 | 19% | +11 points |
| Q4 2025 | 7.2% | -1.9 points |
| Q3 2025 | 12% | -1.8 points |
| Q2 2025 | 14% | +2.3 points |
| Q1 2025 | 8.7% | -1.4 points |
| Q4 2024 | 9% | -0.5 points |
BKR's operating margin was 6.5% last quarter, down 5.2 points from the same quarter a year ago.
BKR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $734M | +16% |
| Q2 2026 | $1B | +400% |
| Q1 2026 | $164M | -60% |
| Q4 2025 | $1.3B | +54% |
| Q3 2025 | $634M | -11% |
| Q2 2025 | $209M | +273% |
| Q1 2025 | $409M | -9.3% |
| Q4 2024 | $837M | +45% |
BKR generated $3.2B in free cash flow over the past year, up 55% from the year before.
BKR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +404K shares |
| 1 year | +0.6% | +6.3M shares |
| 3 years | -1.3% | -13.2M shares |
| 5 years | +16% | +136M shares |
| Available history | +52% | +340M shares |
BKR has 993M diluted shares, up 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $196M |
| Q1 2025 | $188M |
| Q4 2024 | $8M |
BKR hasn't bought back shares in the past year.
BKR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.0x | Elevated |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | 0.6x | Very low |
BKR's net debt is about 3.0 years of its operating earnings (EBITDA), up from less than a year a year ago.
BKR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.4 | Neutral |
| Stochastic | 14.3 | Oversold |
BKR's weekly RSI is 35 (neutral) and its Stochastic is 14 (oversold).
BKR PE vs Energy Sector
| Metric | BKR | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 13x | 28% above |
| PE % | 23 | 61 | 38 pts below |
BKR is trading at 17x earnings, a 28% premium to the Energy sector's median of 13x.
BKR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $54.3 | 10% below |
| 20 week MA | $57.5 | 15% below |
| 50 week MA | $58.0 | 16% below |
| 100 week MA | $50.5 | 3.3% below |
| 200 week MA | $42.0 | 16% above |
BKR has fallen below most of its moving averages, though it's still 16% above its 200-week average.
BKR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.5 | $21.0 | -18% |
| 2021 | $21.0 | $24.2 | +15% |
| 2022 | $24.2 | $29.1 | +20% |
| 2023 | $29.1 | $34.2 | +17% |
| 2024 | $34.2 | $40.8 | +19% |
| 2025 | $40.8 | $45.3 | +11% |
| 2026 YTD | $45.3 | $48.9 | +8% |
BKR has finished higher in five of the last six years. It's up 8% so far in 2026.