Baker Hughes Co (BKR)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 128,000 | 211,000 | 167,000 | 157,000 |
| Revenue (ttm) | US$ in thousands | 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 | 23,664,000 | 23,581,000 | 23,368,000 | 22,915,000 |
| Net profit margin | 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% | 0.54% | 0.89% | 0.71% | 0.69% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,944,000K ÷ $24,941,000K
= 7.79%
The net profit margin of Baker Hughes Co has shown variability in recent quarters. In Q4 2023, the net profit margin stood at 7.62%, displaying an improvement from the previous quarter's 6.86%. However, the company experienced a decline in net profit margin in Q2 2023, where it dropped to 4.94% from an unfavorable figure of -0.44% in Q1 2023.
Comparing these figures to the performance a year ago, there has been a positive trend as the net profit margin has significantly turned around from negative percentages in Q4 2022 and Q3 2022 to positive figures in the recent quarters. Despite facing challenges in Q1 and Q2 of 2023, Baker Hughes Co has shown resilience in managing their profitability.
Overall, Baker Hughes Co's net profit margin has demonstrated some fluctuations, but the recent improvement indicates that the company is moving in a positive direction towards enhancing its profitability.
Peer comparison
Dec 31, 2023