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 | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Oilfield Services & Equipment | $3.50B 54.4% | $3.62B 52.3% | $3.24B 49.1% | $3.45B 51.2% |
| Industrial & Energy Technology | $2.93B 45.6% | $3.29B 47.7% | $3.35B 50.9% | $3.29B 48.8% |
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 | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Sales of goods | $4.14B 64.5% | $4.52B 65.4% | $4.36B 66.1% | $4.29B 63.7% |
| Sales of services | $2.28B 35.5% | $2.39B 34.6% | $2.23B 33.9% | $2.45B 36.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Remaining performance obligations
Remaining performance obligations are the part of the business already sold but not yet delivered and therefore not yet booked as revenue. In subscription and project businesses it points the way earlier than revenue does.
| As of | Remaining performance obligations |
|---|---|
| Q2 2026 | $40.10B |
| Q1 2026 | $36.10B |
| Q4 2025 | $35.90B |
| Q3 2025 | $35.30B |
| Q2 2025 | $34.00B |
| Q1 2025 | $33.20B |
| Q4 2024 | $33.10B |
| Q3 2024 | $33.40B |
Operating metrics
Operating metrics are the figures a company uses to measure its own business — customer counts, stores, deliveries or the churn rate. None of them appear in the financial statements, and they often explain earlier than revenue does why revenue is moving.
| Metric | Q2 2025 | Q3 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Total remaining performance obligations (RPO) | $34.00B | $35.30B | $36.10B | $40.10B +17.9% |
| Remaining performance obligations, IET segment | $31.30B | $32.10B | $33.10B | $37.10B +18.5% |
| Remaining performance obligations, OFSE segment | $2.70B | $3.20B | $3.00B | $3.00B +11.1% |
| Total employees | 57,000 | 57,000 | 53,000 | 54,000 -5.3% |
| Worldwide rig count (average) | 1,596 | 1,798 | 1,832 | 1,760 +10.3% |
| International rig count (average) | 897 | 1,080 | 1,083 | 1,056 +17.7% |
| North America rig count (average) | 699 | 718 | 749 | 704 +0.7% |
These metrics are not part of the financial statements; they sit in the narrative text of the filings. We read them out of the SEC filings using artificial intelligence and check every single figure against the original passage in the report; anything that is not found there verbatim is discarded. Source: SEC EDGAR (annual and quarterly reports, 10-K/10-Q).
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: September 23, 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.