Baker Hughes Co (BKR)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,979,000 | 1,943,000 | -601,000 | -219,000 | -9,940,000 |
| Revenue | US$ in thousands | 27,631,000 | 25,330,000 | 20,453,000 | 20,203,000 | 20,088,000 |
| Net profit margin | 10.78% | 7.67% | -2.94% | -1.08% | -49.48% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $2,979,000K ÷ $27,631,000K
= 10.78%
The net profit margin of Baker Hughes Co has displayed considerable variability over the years, as indicated by the financial data provided. The margin was notably negative in December 31, 2020, at -49.48%, reflecting a significant loss relative to its revenue. However, there has been a noticeable improvement in profitability since then, with the margin increasing to -1.08% in December 31, 2021, and further to -2.94% in December 31, 2022.
The company exhibited a turnaround in its financial performance by December 31, 2023, achieving a positive net profit margin of 7.67%. This indicates that Baker Hughes Co generated a profit of 7.67% of its total revenue after accounting for all expenses. The positive trend continued into December 31, 2024, with an improved net profit margin of 10.78%, reflecting the company's enhanced profitability.
Overall, the upward trajectory of Baker Hughes Co's net profit margin from significant losses to positive figures suggests a positive transformation in its financial health and operational efficiency over the analyzed period.
Peer comparison
Dec 31, 2024