Baker Hughes Co (BKR)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,979,000 | 2,240,000 | 1,992,000 | 1,823,000 | 1,944,000 | 1,686,000 | 1,151,000 | -98,000 | -602,000 | -491,000 | -466,000 | 305,000 | -219,000 | 140,000 | -38,000 | -165,000 | -9,940,000 | -10,544,000 | -10,317,000 | -10,131,000 |
| 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 |
| Net profit margin | 10.78% | 8.36% | 7.50% | 7.10% | 7.79% | 7.03% | 5.09% | -0.46% | -2.94% | -2.40% | -2.31% | 1.51% | -1.08% | 0.70% | -0.19% | -0.84% | -48.95% | -49.36% | -46.47% | -43.16% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,979,000K ÷ $27,631,000K
= 10.78%
Baker Hughes Co's net profit margin has shown significant variability over the periods analyzed. The company experienced negative net profit margins in the range of -43.16% to -49.36% in the first half of 2020, reflecting challenges in profitability during that period. However, the net profit margin began to improve gradually, turning positive in the later quarters of 2021 and continuing to increase to 10.78% by the end of December 2024.
The positive trend from March 2021 onwards indicates the company's efforts to enhance its profitability and operational efficiency. The company managed to sustain and improve its net profit margin consistently, ending 2024 on a strong note with a double-digit net profit margin.
This trend suggests that Baker Hughes Co has effectively managed its expenses relative to its revenue, leading to improved profitability over the analyzed periods. It also reflects the company's ability to adapt to changing market conditions and optimize its financial performance.
Peer comparison
Dec 31, 2024