Baker Hughes Co (BKR)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,081,000 | 2,317,000 | 1,185,000 | 1,310,000 | -15,978,000 |
| Revenue | US$ in thousands | 27,631,000 | 25,330,000 | 20,453,000 | 20,203,000 | 20,088,000 |
| Operating profit margin | 11.15% | 9.15% | 5.79% | 6.48% | -79.54% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,081,000K ÷ $27,631,000K
= 11.15%
The operating profit margin of Baker Hughes Co has shown significant variations over the last five years. As of December 31, 2020, the company reported a negative operating profit margin of -79.54%, indicating that the company's operating expenses exceeded its revenue during that period. However, in the subsequent years, Baker Hughes Co demonstrated a positive turnaround in its performance, with the operating profit margin improving to 6.48% as of December 31, 2021, and further increasing to 5.79% by December 31, 2022.
The trend continued to be positive for Baker Hughes Co, with the operating profit margin reaching 9.15% as of December 31, 2023, and further improving to 11.15% by December 31, 2024. These improvements suggest that the company effectively managed its operating expenses relative to its revenue, leading to enhanced profitability over time. This trend indicates a positive trajectory for Baker Hughes Co in terms of operational efficiency and financial performance.
Peer comparison
Dec 31, 2024