Baker Hughes Company (68V.DE) Q2 2025 Earnings Report

Previous: Q1 2025 Next: Q3 2025

Baker Hughes Company

68V.DE

€43.19 -0.76%

Exchange: XETRA | Sector: Energy | Industry: Oil Gas Energy

Q2 2025

Published: Jul 23, 2025

Earnings Highlights

Revenue of $6.91B down 3.2% year-over-year
EPS of $0.71 increased by 22.4% from previous year
Gross margin of 23.4%
Net income of 701.00M
"" -

68V.DE

Company 68V.DE

Period Q2 2025

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

Baker Hughes delivered a solid QQ2 2025 performance with continued profitability and meaningful cash generation, underscoring the company's resilient position in a cyclical Energy Services market. Revenue of USD 6.91 billion rose 7.5% QoQ, while YoY revenue declined 3.2%, reflecting the typical seasonality and broader cycle within oilfield services. The quarter featured a robust gross margin of 23.37% (USD 1.615 billion gross profit) and an operating margin of 12.84% (USD 0.887 billion operating income), supported by disciplined cost containment and a favorable mix across segments. Net income reached USD 0.701 billion, delivering EPS of USD 0.71, representing YoY growth of ~22% and QoQ growth of ~73% as cost controls and operating leverage materialized.

Key Performance Indicators

Revenue

Decreasing

6.91B

QoQ: 7.52% | YoY: -3.21%

Gross Profit

Increasing

1.62B

23.37% margin

QoQ: 9.49% | YoY: 8.39%

Operating Income

Increasing

887.00M

QoQ: 17.95% | YoY: 4.72%

Net Income

Increasing

701.00M

QoQ: 74.38% | YoY: 21.07%

EPS

Increasing

0.71

QoQ: 73.17% | YoY: 22.41%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: USD 6.91B (YoY -3.21%, QoQ +7.52%); Gross Profit: USD 1.615B (YoY +8.39%, QoQ +9.49%), Gross Margin ~23.37%
Operating Income: USD 0.887B (YoY +4.72%, QoQ +17.95%), Operating Margin ~12.84%
Net Income: USD 0.701B (YoY +21.07%, QoQ +74.38%), Net Margin ~10.14%
EPS: USD 0.71 (YoY +22.41%, QoQ +73.17%)
Cash Flow: Operating Cash Flow USD 0.51B; Free Cash Flow USD 0.51B; Cash at End USD 3.087B; Net Debt USD -2.947B after considering debt balance of USD 6.034B and cash balance of USD 3.087B
Capital Allocation: Dividends USD 0.227B; Share Repurchases USD 0.196B; Net Cash Used in Financing USD -0.443B; FX impact USD +0.029B
Liquidity & Leverage: Total Debt USD 6.034B; Net Debt USD 2.947B; Cash Ratio ~0.25x; Debt to Capitalization ~0.254x; Interest Coverage ~16.4x

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	6.91B	-3.21%	7.52%
Gross Profit	1.62B	8.39%	9.49%
Operating Income	887.00M	4.72%	17.95%
Net Income	701.00M	21.07%	74.38%
EPS	0.71	22.41%	73.17%

Key Financial Ratios

Gross Profit Margin

Fair

23.40%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Fair

12.80%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Good

10.10%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

1.81%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

3.96%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.41

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Moderate

0.34

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

Value

13.51x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

2.14x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2025	7,010.00	0.61	+1.5%	View
Q2 2025	6,910.00	0.71	-3.2%	View
Q1 2025	6,427.00	0.40	+0.1%	View
Q4 2024	7,364.00	1.18	+7.7%	View
Q3 2024	6,908.00	0.77	+4.0%	View

68V.DE

Baker Hughes Company

Q3 2025 Report

Baker Hughes Company (68V.DE) QQ3 2025 Results: Modest Revenue Growth, Margin Discipline and Solid Cash Generation Across OFS, TPS, OFE and Digital So...

Read full report

68V.DE

Baker Hughes Company

Q1 2025 Report

Baker Hughes Company (68V.DE) QQ1 2025 Earnings Analysis – Revenue Stabilization with Margin Resilience in a Cyclical Energy Services Market...

Read full report

68V.DE

Baker Hughes Company

Q4 2024 Report

Baker Hughes Company (68V.DE) QQ4 2024 Results – Resilient Q4 Performance with Strong Free Cash Flow and Steady Margin Profile...

Read full report

68V.DE

Baker Hughes Company

Q3 2024 Report

Baker Hughes Company (68V.DE) QQ3 2024 Earnings Analysis: Revenue Growth, Margin Expansion and Robust Cash Flow in a Cyclical Oilfield Services Market...

Read full report

Baker Hughes Company (68V.DE) Q2 2025 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

More 68V.DE Quarterly Reports

68V.DE

68V.DE

68V.DE

68V.DE

Related Financial Data

Sector Analysis: Energy

68V.DE Full Profile

68V.DE Financial Statements

Earnings Calendar