Baker Hughes Company (68V.DE) Q4 2024 Earnings Report

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Baker Hughes Company

68V.DE

€43.19 -0.76%

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

Q4 2024

Published: Feb 4, 2025

Earnings Highlights

Revenue of $7.36B up 7.7% year-over-year
EPS of $1.18 increased by 170.5% from previous year
Gross margin of 20.8%
Net income of 1.18B
"N/A" - N/A

68V.DE

Company 68V.DE

Period Q4 2024

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

Baker Hughes reported a solid Q4 2024 with revenue of $7.364 billion, up 7.74% year over year and 6.60% quarter over quarter. Gross profit was $1.53 billion, yielding a gross margin of ~20.8%, while operating income reached $665 million for an operating margin of ~9.0%. EBITDA stood at $1.139 billion, with an EBITDA margin of ~15.5%. The company delivered net income of $1.179 billion and earnings per share of $1.19 (diluted $1.18), supported by a tax benefit of $399 million that materially boosted net income in the period.

Key Performance Indicators

Revenue

Increasing

7.36B

QoQ: 6.60% | YoY: 7.74%

Gross Profit

Increasing

1.53B

20.78% margin

QoQ: -0.78% | YoY: 5.74%

Operating Income

Increasing

665.00M

QoQ: -28.49% | YoY: 2.15%

Net Income

Increasing

1.18B

QoQ: 53.92% | YoY: 167.95%

EPS

Increasing

1.19

QoQ: 54.55% | YoY: 170.45%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: $7.364B (YoY +7.74%, QoQ +6.60%). Gross Profit: $1.53B; Gross Margin: 20.78%. Operating Income: $0.665B; Operating Margin: 9.03%. EBITDA: $1.139B; EBITDA Margin: 15.47%. Net Income: $1.179B; Net Margin: 16.01%. EPS: $1.19 (Diluted $1.18). Cash Flow: Operating cash flow $1.19B; Capex $0.353B; Free Cash Flow $0.837B. Balance Sheet: Cash and equivalents $3.364B; Total debt $6.023B; Net debt $2.659B; Total assets $38.364B; Total stockholders’ equity $16.895B. Liquidity: Current ratio 1.325; Quick ratio 0.943; Cash ratio 0.259. Returns: ROA ~3.07%; ROE ~6.98%. Valuation: P/E ~8.54x; P/B ~2.38x; P/S ~5.47x. Cash Return Metrics: Free Cash Flow per share $0.845; Operating Cash Flow per share $1.202. Dividend paid: $208M; Buybacks: $8M. Interest Coverage: 12.09x. Capital intensity: Capex intensity modest at ~$353M in Q4. Net change in cash: +$0.7B, ending cash $3.364B.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	7.36B	7.74%	6.60%
Gross Profit	1.53B	5.74%	-0.78%
Operating Income	665.00M	2.15%	-28.49%
Net Income	1.18B	167.95%	53.92%
EPS	1.19	170.45%	54.55%

Key Financial Ratios

Gross Profit Margin

Fair

20.80%

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

Operating Profit Margin

Fair

9.03%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Good

16.00%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Fair

3.07%

Return on assets is acceptable but below top-tier companies

Return on Equity

Fair

6.98%

Return on equity is acceptable but below top-tier companies

Current Ratio

Adequate

1.33

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Moderate

0.36

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

P/E Ratio

Value

8.54x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

2.38x

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

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Baker Hughes Company (68V.DE) Q4 2024 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

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Sector Analysis: Energy

68V.DE Full Profile

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