Baker Hughes Co (BKR)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 3,099,000 | 3,357,000 | 3,544,000 | 3,394,000 | 3,464,000 | 3,185,000 | 2,929,000 | 2,730,000 | 2,872,000 | 2,713,000 | 2,114,000 | 847,000 | 274,000 | 647,000 | 714,000 | 1,440,000 | 727,000 | 1,534,000 | 1,060,000 | 633,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 21,606,000 | 18,157,000 | 17,697,000 | 17,042,000 | 16,895,000 | 16,189,000 | 15,574,000 | 15,391,000 | 15,368,000 | 15,250,000 | 15,125,000 | 14,714,000 | 14,394,000 | 14,144,000 | 14,882,000 | 15,704,000 | 14,830,000 | 14,142,000 | 13,890,000 | 13,043,000 |
| Return on total capital | 14.34% | 18.49% | 20.03% | 19.92% | 20.50% | 19.67% | 18.81% | 17.74% | 18.69% | 17.79% | 13.98% | 5.76% | 1.90% | 4.57% | 4.80% | 9.17% | 4.90% | 10.85% | 7.63% | 4.85% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $3,099,000K ÷ ($—K + $21,606,000K)
= 14.34%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Baker Hughes Co
BKR
14.34%
Halliburton Company
HAL
20.62%
Liberty Oilfield Services Inc
LBRT
13.30%
Schlumberger NV
SLB
14.47%
TechnipFMC PLC
FTI
37.49%