Financials Baker Hughes Company

Equities

BKR

US05722G1004

Oil Related Services and Equipment

Market Closed - Nasdaq Other stock markets 02:30:00 16/01/2026 am IST			5-day change	1st Jan Change
52.00 ^USD	+4.04%		+3.59%	+14.19%

15/01	SLB Seeking to Capitalize on Trump's Venezuela Plan	MT
15/01	RBC Adjusts Price Target on Baker Hughes to $57 From $54, Maintains Outperform Rating	MT

Projected Income Statement: Baker Hughes Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	20,705	20,536	21,156	25,506	27,829	27,423	27,397	28,595
Change	-	-0.82%	3.02%	20.56%	9.11%	-1.46%	-0.1%	4.37%
EBITDA ¹	2,357	2,681	2,981	3,763	4,591	4,754	4,856	5,296
Change	-	13.75%	11.19%	26.23%	22%	3.54%	2.15%	9.07%
EBIT ¹	1,040	1,576	1,920	2,676	3,455	3,587	3,692	4,122
Change	-	51.54%	21.83%	39.38%	29.11%	3.83%	2.92%	11.64%
Interest Paid ¹	-264	-299	-252	-216	-198	-217	-276	-330.6
Earnings before Tax (EBT) ¹	-15,202	428	22	2,655	3,265	3,275	3,430	3,882
Change	-	102.82%	-94.86%	11,968.18%	22.98%	0.31%	4.72%	13.2%
Net income ¹	-9,940	-219	-601	1,943	2,979	2,397	2,476	2,808
Change	-	97.8%	-174.43%	423.29%	53.32%	-19.55%	3.31%	13.41%
Announcement Date	21/01/21	20/01/22	23/01/23	23/01/24	30/01/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	5,495	4,782	5,142	5,093	5,519	4,835	5,047	5,369	5,905	5,716	6,315	6,641	6,835	6,418	7,139	6,908	7,364	6,427	6,910	7,010	7,081	6,297	6,734	7,100	7,332	6,566	7,139	7,236
Change	-	-12.98%	7.53%	-0.95%	8.36%	-12.39%	4.38%	6.38%	9.98%	-3.2%	10.48%	5.16%	2.92%	-6.1%	11.23%	-3.24%	6.6%	-12.72%	7.52%	1.45%	1.01%	-11.07%	6.95%	5.43%	3.27%	-10.45%	8.73%	1.36%
EBITDA ¹	769	562	611	664	844	625	651	758	947	782	907	983	1,091	943	1,130	1,208	1,310	1,037	1,212	1,238	1,263	1,043	1,181	1,290	1,362	1,141	1,320	1,356
Change	-	-26.92%	8.72%	8.67%	27.11%	-25.95%	4.16%	16.44%	24.93%	-17.42%	15.98%	8.38%	10.99%	-13.57%	19.83%	6.9%	8.44%	-20.84%	16.88%	2.15%	1.99%	-17.37%	13.2%	9.25%	5.55%	-16.23%	15.69%	2.73%
EBIT ¹	462	270	333	402	571	348	376	503	692	512	631	716	816	660	847	930	1,019	752	919	956	973.5	759.4	894.7	978.2	1,063	-	-	-
Change	-	-41.56%	23.33%	20.72%	42.04%	-39.05%	8.05%	33.78%	37.57%	-26.01%	23.24%	13.47%	13.97%	-19.12%	28.33%	9.8%	9.57%	-26.2%	22.21%	4.03%	1.83%	-21.99%	17.82%	9.34%	8.65%	-	-	-
Charge d'intérêts ¹	-69	-74	-65	-67	-95	-64	-60	-65	-64	-64	-58	-49	-45	-41	-47	-55	-54	-51	-54	-56	-56.56	-56	-64.6	-113.3	-111.3	-	-	-
Earnings before Tax (EBT) ¹	1,520	-536	66	209	688	187	-655	144	345	760	614	759	522	641	824	1,009	792	561	967	821	920.5	709	835.8	848	1,001	-	-	-
Change	-	-135.26%	112.31%	216.67%	229.19%	-72.82%	-450.27%	121.98%	139.58%	120.29%	-19.21%	23.62%	-31.23%	22.8%	28.55%	22.45%	-21.51%	-29.17%	72.37%	-15.1%	12.12%	-22.98%	17.88%	1.47%	18.04%	-	-	-
Net income ¹	653	-452	-68	8	294	72	-839	-17	182	576	410	518	439	455	579	766	1,179	402	701	609	666.2	512.8	611.2	607.5	717.5	-	-	-
Change	-	-169.22%	84.96%	111.76%	3,575%	-75.51%	-1,265.28%	97.97%	1,170.59%	216.48%	-28.82%	26.34%	-15.25%	3.64%	27.25%	32.3%	53.92%	-65.9%	74.38%	-13.12%	9.39%	-23.02%	19.18%	-0.6%	18.11%	-	-	-
Announcement Date	21/01/21	21/04/21	21/07/21	20/10/21	20/01/22	20/04/22	20/07/22	19/10/22	23/01/23	19/04/23	19/07/23	25/10/23	23/01/24	23/04/24	25/07/24	22/10/24	30/01/25	22/04/25	22/07/25	23/10/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Baker Hughes Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	3,501	2,874	4,169	3,374	2,659	2,435	84.9	-1,078
Change	-	-17.91%	45.06%	-19.07%	-21.19%	-8.42%	-96.51%	-1,369.73%
Announcement Date	21/01/21	20/01/22	23/01/23	23/01/24	30/01/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Baker Hughes Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	787	541	772	1,016	1,075	1,191	1,186	1,254
Change	-	-31.26%	42.7%	31.61%	5.81%	10.81%	-0.44%	5.7%
Free Cash Flow (FCF) ¹	518	1,833	1,116	2,045	2,257	1,837	472.6	2,559
Change	-	253.86%	-39.12%	83.24%	10.37%	-18.62%	-74.27%	441.5%
Announcement Date	21/01/21	20/01/22	23/01/23	23/01/24	30/01/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Baker Hughes Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	11.38%	13.06%	14.09%	14.75%	16.5%	17.33%	17.72%	18.52%
EBIT Margin (%)	5.02%	7.67%	9.08%	10.49%	12.42%	13.08%	13.48%	14.41%
EBT Margin (%)	-73.42%	2.08%	0.1%	10.41%	11.73%	11.94%	12.52%	13.58%
Net margin (%)	-48.01%	-1.07%	-2.84%	7.62%	10.7%	8.74%	9.04%	9.82%
FCF margin (%)	2.5%	8.93%	5.28%	8.02%	8.11%	6.7%	1.73%	8.95%
FCF / Net Income (%)	-5.21%	-836.99%	-185.69%	105.25%	75.76%	76.64%	19.09%	91.15%
Profitability
ROA	0.04%	1.47%	2.6%	5.46%	6.26%	5.52%	5.74%	5.54%
ROE	0.06%	3.08%	5.78%	13.06%	14.47%	13.65%	12.73%	13.05%
Financial Health
Leverage (Debt/EBITDA)	1.49x	1.07x	1.4x	0.9x	0.58x	0.51x	0.02x	-
Debt / Free cash flow	6.76x	1.57x	3.74x	1.65x	1.18x	1.33x	0.18x	-
Capital Intensity
CAPEX / Current Assets (%)	3.8%	2.63%	3.65%	3.98%	3.86%	4.34%	4.33%	4.38%
CAPEX / EBITDA (%)	33.39%	20.18%	25.9%	27%	23.42%	25.06%	24.42%	23.67%
CAPEX / FCF (%)	151.93%	29.51%	69.18%	49.68%	47.63%	64.85%	250.92%	48.98%
Items per share
Cash flow per share ¹	1.932	2.88	1.913	3.017	3.329	3.184	3.355	3.376
Change	-	49.08%	-33.58%	57.7%	10.34%	-4.35%	5.38%	0.62%
Dividend per Share ¹	0.72	0.72	0.73	0.78	0.84	0.9198	0.9575	1.015
Change	-	0%	1.39%	6.85%	7.69%	9.5%	4.1%	6.01%
Book Value Per Share ¹	17.62	16.32	14.28	15.4	17.07	19.15	21.18	23.29
Change	-	-7.36%	-12.5%	7.82%	10.82%	12.2%	10.6%	9.96%
EPS ¹	-14.73	-0.27	-0.61	1.91	2.98	2.408	2.496	2.844
Change	-	98.17%	-125.93%	413.11%	56.02%	-19.19%	3.67%	13.92%
Nbr of stocks (in thousands)	6,85,817	8,69,968	10,01,468	10,06,234	9,89,526	9,86,774	9,86,774	9,86,774
Announcement Date	21/01/21	20/01/22	23/01/23	23/01/24	30/01/25	-	-	-