Baker Hughes Co (BKR)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 24,533,000 | 23,850,000 | 23,573,000 | 22,567,000 | 21,716,000 | 20,898,000 | 19,300,000 | 17,864,000 | 17,038,000 | 17,097,000 | 17,043,000 | 17,402,000 | 17,355,000 | 16,838,000 | 16,602,000 | 16,243,000 | 552,000 | -2,353,000 | -5,362,000 | -8,246,000 |
| Revenue (ttm) | US$ in thousands | 27,631,000 | 26,809,000 | 26,547,000 | 25,693,000 | 24,941,000 | 23,990,000 | 22,603,000 | 21,333,000 | 20,452,000 | 20,453,000 | 20,175,000 | 20,265,000 | 20,202,000 | 20,101,000 | 20,058,000 | 19,648,000 | 20,306,000 | 21,363,000 | 22,203,000 | 23,474,000 |
| Gross profit margin | 88.79% | 88.96% | 88.80% | 87.83% | 87.07% | 87.11% | 85.39% | 83.74% | 83.31% | 83.59% | 84.48% | 85.87% | 85.91% | 83.77% | 82.77% | 82.67% | 2.72% | -11.01% | -24.15% | -35.13% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $24,533,000K ÷ $27,631,000K
= 88.79%
Baker Hughes Co has shown a notable improvement in its gross profit margin over the years, as indicated by the data provided. The company experienced a significant improvement in its gross profit margin, transitioning from negative margins in the first three quarters of 2020 to positive margins starting from the fourth quarter of 2020.
The gross profit margin saw a remarkable recovery from the negative figures in 2020 to reach above 80% in the following years. This upward trend continued through 2023 and 2024, with the gross profit margin consistently increasing.
The company achieved a peak gross profit margin of 88.96% in the third quarter of 2024, indicating strong efficiency in generating revenue from its core operations. This suggests that Baker Hughes Co was able to effectively control its production costs and improve its revenue generation capabilities during this time period.
Overall, the consistent improvement in gross profit margins reflects positively on Baker Hughes Co's operational performance and efficiency in managing its cost structure to enhance profitability.
Peer comparison
Dec 31, 2024