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Baker Hughes Company
$56.00
+0.63% Oct 21 close
EnergyS&P 500 Compare
-5%+9%+23%+38%+52%Oct 2025Oct 2026Apr 2026
BKRSPY
1W
+1.1%
1M
-3.2%
3M
-0.7%
6M
-9.8%
YTD
+24.3%
1Y
+21.7%

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What they do

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain. Its Oilfield Services & Equipment segment designs and manufactures exploration, appraisal, development, production, rejuvenation, and decommissioning products and related services for onshore and offshore oilfield operations. This segment also provides drilling services, drill bits, and drilling and completions fluids.

Energy · Oil & Gas Equipment & Services

For information only · Important disclosures

Grades vs sector

Momentum
31st percentile in sector
D+
12-1 return: +15.2%
Percentile within its GICS sector across the S&P 1500.
Growth
16th percentile in sector
D-
Revenue growth (YoY): -2.4%
Percentile within its GICS sector across the S&P 1500.
Value
24th percentile in sector
D
Forward E/P: 5.3% · EBITDA/EV: 8.8%
Percentile within its GICS sector across the S&P 1500.
Profitability
56th percentile in sector
C+
Profit margin: +11.2% · Return on equity: +16.5%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
ranked 128 of 499 · 12-month momentum 32.5%
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Better Artificial Intelligence Stock for 2026: C3.ai vs. SentinelOne
Nasdaq · Oct 19

Key stats

Market value$55.6B
P/E (last 12 months)18.0
P/E (next 12 months, estimated)19.0
52-week range$44.26 – $70.41
Revenue growth (latest quarter vs a year ago)-2.4%
Dividend yield1.65%
Analyst consensusBuy (24)
Average analyst price target$70.62 (+26%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Roughly fairly valued
Model read-out from the numbers below, not advice. Score +0 (DCF counts double).
•DCF (base case)below the price by 10%
▼Forward P/E vs sector19.0x vs median 13.6x
•Piotroski F-score5/9
▲Net debt / EBITDA-3.6x
▲Analyst target+26% (24 analysts)

Discounted cash flow

CyclicalValued on average-cycle margins
Bear
$38
-33%
growth -1% · disc. 10.4% · term. 2.0%
Base
$50
-10%
growth 4% · disc. 9.4% · term. 2.5%
Bull
$67
+19%
growth 7% · disc. 8.4% · term. 3.0%

Starting cash flow is mid-cycle: 7.8% average margin × current revenue = 2.2B (last 12 months: 4.4B at a 16% margin). On trailing cash flow the base case would be $86.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 5% a year for 10 years.
Implied
+5%/yr
FCF, last 3 yrs
+26%/yr
FCF, last 5 yrs
+24%/yr
Revenue, last 3 yrs
+9%/yr
Revenue, last 5 yrs
+6%/yr
Same inputs as the DCF above: mid-cycle free cash flow 2.2B, 9.4% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.03 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Energy

P/E (trailing)
sector median 17.7× · 52nd pct
18.0×
pricier
Forward P/E
sector median 13.6× · 79th pct
19.0×
pricier
EV / EBITDA
sector median 8.1× · 58th pct
9.1×
pricier
Price / sales
sector median 2.2× · 42nd pct
2.0×
cheaper
Price / book
sector median 1.9× · 76th pct
2.8×
pricier
FCF yield
sector median 7.7% · 52nd pct
8.0%
cheaper

Forward EPS $2.94 vs trailing $3.11 (-5% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO
$40.1B
as of 2026-06-30
vs a year ago
+18%
YoY
× TTM revenue
1.45×
coverage
24-09
24-12
25-03
25-06
25-09
25-12
26-03
26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
16.0%
Operating margin
11.1%
FCF margin
16.0%
Net margin
11.2%
Return on equity
15.6%
Return on invested capital
65.1%
Net debt / EBITDA
-3.6×
Current ratio
2.1×
Interest cover
–
Cash conversion (OCF/NI)
1.4×
Piotroski F-score 5/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✗ No share dilution✗ Gross margin improved✗ Asset turnover improved

Analysts

Mean target
$71
+26%
Analysts
24
Buy
Range
$51–$85
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$27.7B$2.6B$3.8B
2024$27.8B$3.0B$3.3B
2023$25.5B$1.9B$3.1B
2022$21.2B$-601.0M$1.9B
2021$20.5B$-219.0M$2.4B
2020$20.7B$-9.9B$1.3B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +9.4%.

Earnings

Next report: 2026-10-27 · after close · EPS est 0.61
24-1025-0125-0425-0725-1026-0126-0426-070.000.78
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-07-260.490.64+31.5%
2026-04-230.490.58+17.9%
2026-01-250.670.78+16.7%
2025-10-230.620.68+9.3%
2025-07-220.550.63+13.6%
2025-04-220.470.51+7.6%
2025-01-300.630.70+11.8%
2024-10-220.610.67+10.4%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$6.7B-2.4%
2026-03-31$6.6B–
2025-12-31$7.4B–
2025-09-30$7.0B–
2025-06-30$6.9B–
Analyst actions
Citigroup
2026-10-19 · main
Buy → Buy
PT $72
UBS
2026-09-30 · main
Neutral → Neutral
PT $69
Jefferies
2026-09-29 · main
Buy → Buy
PT $77
UBS
2026-09-14 · main
Neutral → Neutral
PT $72
Susquehanna
2026-09-10 · main
Positive → Positive
PT $75
UBS
2026-09-10 · main
Neutral → Neutral
PT $70

Recent dividends

2026-08-07: $0.230 · 2026-05-05: $0.230 · 2026-02-17: $0.230 · 2025-11-04: $0.230 · 2025-08-05: $0.230 · 2025-05-06: $0.230 · 2025-02-11: $0.230 · 2024-11-04: $0.210
Insider trades
None
None · None
Sell
–

Stats refreshed 2026-10-21 18:06:34 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026