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Revenue by Segment
Analyzes revenue from different business segments, highlighting which areas are driving growth and which may need strategic adjustments.Baker Hughes’ revenue mix has clearly bifurcated: IET is the growth and margin engine—sustained upside backed by record bookings, rising RPO and improving EBITDA—while OFSE, after peaking in 2024, has softened and become more volatile due to Middle East disruptions, seasonality and portfolio divestitures. Management is relying on IET order conversion, portfolio proceeds and cost synergies to offset near‑term OFSE weakness; geopolitical risk keeps OFSE upside constrained, so near‑term company outcomes hinge on IET execution.
Date | Oilfield Services and Equipment | Industrial and Energy Technology |
|---|---|---|
Jun 30, 2026 | $3.45B | $3.29B |
Mar 31, 2026 | $3.24B | $3.35B |
Dec 31, 2025 | $3.57B | $3.81B |
Sep 30, 2025 | $3.64B | $3.37B |
Jun 30, 2025 | $3.62B | $3.29B |
Mar 31, 2025 | $3.50B | $2.93B |
Dec 31, 2024 | $3.87B | $3.49B |
Sep 30, 2024 | $3.96B | $2.94B |
Jun 30, 2024 | $4.01B | $3.13B |
Mar 31, 2024 | $3.78B | $2.63B |