Company data sheet · Baker Hughes Holdings
Baker Hughes Holdings: from profit to three straight losses.
- Industry
- Oil & Gas Field Machinery & Equipment
- Headquarters
- United States
- Sources
- SEC filings (1994–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to three straight losses. Baker Hughes Holdings earned $0.4 billion in 2018–2019. Then it lost money every year from 2020 to 2022: $16.7 billion in all.
- The cycle hit it too. The losses began in 2020, when the US economy shrank 2.1%. Part of the damage came from outside; the test is whether it recovered when the economy did.
- Still smaller than it was. Revenue reached $21.2 billion in 2022, 11% below its 2019 peak of $23.8 billion.
- Leaders came and went. Baker Hughes Holdings filed 32 leadership changes since 2016, more than 79% of large manufacturers (the median is 20).
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $13.3 billion | $0.3 billion | |
| 2017 | $17.3 billion | −$0.5 billion | |
| 2018 | $22.9 billion | $0.1 billion | |
| 2019 | $23.8 billion | $0.2 billion | |
| 2020 | $20.7 billion | −$15.8 billion | |
| 2021 | $20.5 billion | −$0.4 billion | |
| 2022 | $21.2 billion | −$0.5 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 59 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (0 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 264 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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