Reading the tape
NASDAQ: BKR
Baker Hughes Company
Energy · Oil & Gas Equipment & Services
Market Cap
$63.38B
52w High
$70.41
52w Low
$35.83
P/E
20.30
Volume
7.71M
Outstanding Shares
992.07M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
1Y Price: 76.25%Revenue (TTM): 0.2%FCF (TTM): 13.97%P/FCF: 87th pct
What changed
The stock rose 76.25% over the last year. Revenue grew 0.2% over the trailing twelve months. Operating margin moved from 12.43% to 12.96%. Free cash flow grew 13.97% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (87th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 12.96% — continued expansion would be needed to justify the premium. Revenue growth of 0.2% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide.
CEOLorenzo Simonelli
SectorEnergy
IndustryOil & Gas Equipment & Services
Employees57,000
IPO dateApr 6, 1987
Valuation
Forward P/E—
EV/EBITDA11.30
Enterprise value$48.42B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth2.49%
Gross margin23.57%▲1.29%vs FY2024
Operating margin12.96%▲5.54%vs FY2024
ROE13.74%▼22.07%vs FY2024
Analyst consensus
RatingBuy
Target price$73.20▲14.57%
30
Buy
14
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 21, 2026
Q3 FY26 · EPS est $0.52 · Revenue est $6.52B
View
Dividends
$0.92/shareQuarterly8yr growth streakSafeBKR pays a dividend with a 1.44% dividend yield, 8 consecutive years of growth, growing at 5.02% annually, covered 2.8× by free cash flow.
Dividend Yield
1.44%
Annual Div / Share
$0.92
5yr CAGR
+5.02%
Doubles every ~14.1yr
Payout Ratio
29.17%
Safe
Dividend Growth Rate
3yr CAGR
+7.05%
5yr CAGR
+5.02%
10yr CAGR
+3.07%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$0.92+4.5%
2025$0.88+7.3%
2024$0.82+9.3%
2023$0.75+4.2%
2022$0.72+0.0%
2021$0.72+0.0%
2020$0.72+0.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$14/yr
$1/mo
In 5 yrs
$18/yr+28%
$2/mo
In 10 yrs
$24/yr+63%
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$14/yr $1/mo | $18/yr+28% $2/mo | $24/yr+63% $2/mo |
Yield-on-cost grows from 1.44% → 2.35% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 2.8× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 5.02% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.