Baker Hughes Co
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Baker Hughes Co (BKR). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Oilfield Services & Equipment | $12.98B 62.7% | $12.03B 58.7% · -7.4% | $13.23B 62.5% · +10.0% | $15.36B 60.2% · +16.1% | $15.63B 56.2% · +1.7% | $14.32B 51.6% · -8.3% |
| Industrial & Energy Technology | $7.72B 37.3% | $8.47B 41.3% · +9.7% | $7.93B 37.5% · -6.5% | $10.15B 39.8% · +28.0% | $12.20B 43.8% · +20.3% | $13.41B 48.4% · +9.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Non-US [Member] | $16.07B 77.6% | $16.01B 78.1% · -0.4% | $16.21B 76.6% · +1.3% | $18.95B 74.3% · +16.9% | $20.45B 73.5% · +7.9% | $20.03B 72.2% · -2.0% |
| UNITED STATES | $4.64B 22.4% | $4.50B 21.9% · -3.0% | $4.94B 23.4% · +9.9% | $6.56B 25.7% · +32.7% | $7.38B 26.5% · +12.6% | $7.70B 27.8% · +4.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Sales of goods | $12.85B 62.0% | $12.25B 59.7% · -4.7% | $12.24B 57.8% · -0.1% | $15.62B 61.2% · +27.6% | $17.81B 64.0% · +14.0% | $18.22B 65.7% · +2.3% |
| Sales of services | $7.86B 38.0% | $8.25B 40.3% · +5.0% | $8.92B 42.2% · +8.1% | $9.89B 38.8% · +10.9% | $10.02B 36.0% · +1.3% | $9.52B 34.3% · -5.0% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.