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Baker Hughes Valuation Multiples
Discover revenue and EBITDA valuation multiples for Baker Hughes and similar public comparables like Bloom Energy, Imperial Oil, TC Energy, Occidental Petroleum and more.
Baker Hughes Overview
About Baker Hughes
Following a 2022 reorganization, Baker Hughes operates in two segments: oilfield services and equipment, and industrial and energy technology. The firm's oilfield services and equipment segment is one of the Big Three oilfield-services players, along with SLB and Halliburton, and mostly supplies to hydrocarbon developers and producers, including national oil companies, major integrated firms, and independents. Markets outside of North America buy roughly three-fourths of the segment's offerings. Baker Hughes' industrial and energy technology segment manufactures and sells turbines, compressors, pumps, valves, and related testing and monitoring services for various energy and industrial applications.
Founded
2016
HQ
Employees
56.0K
Website
Sectors
Financials (LTM)
EV
$62B
Baker Hughes Financials
Baker Hughes reported last 12-month revenue of $28B and EBITDA of $5B.
In the same LTM period, Baker Hughes generated $7B in gross profit, $5B in EBITDA, and $3B in net income.
Revenue (LTM)
Baker Hughes P&L
In the most recent fiscal year, Baker Hughes reported revenue of $28B and EBITDA of $5B.
Baker Hughes expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $28B | XXX | $28B | XXX | XXX | XXX |
| Gross Profit | $7B | XXX | $7B | XXX | XXX | XXX |
| Gross Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| EBITDA | $5B | XXX | $5B | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Baker Hughes Stock Performance
Baker Hughes has current market cap of $60B, and enterprise value of $62B.
Market Cap Evolution
Baker Hughes' stock price is $60.60.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $62B | $60B | 0.9% | XXX | XXX | XXX | $2.61 |
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Start Free TrialBaker Hughes Valuation Multiples
Baker Hughes trades at 2.3x EV/Revenue multiple, and 12.9x EV/EBITDA.
EV / Revenue (LTM)
Baker Hughes Financial Valuation Multiples
As of April 17, 2026, Baker Hughes has market cap of $60B and EV of $62B.
Equity research analysts estimate Baker Hughes' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Baker Hughes has a P/E ratio of 23.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $60B | XXX | $60B | XXX | XXX | XXX |
| EV (current) | $62B | XXX | $62B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | 12.9x | XXX | 12.9x | XXX | XXX | XXX |
| EV/EBIT | 17.5x | XXX | 17.5x | XXX | XXX | XXX |
| EV/Gross Profit | 9.3x | XXX | 9.5x | XXX | XXX | XXX |
| P/E | 23.8x | XXX | 23.2x | XXX | XXX | XXX |
| EV/FCF | 24.7x | XXX | 24.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Baker Hughes Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Baker Hughes Margins & Growth Rates
Baker Hughes' revenue in the last 12 month grew by 1%.
Baker Hughes' revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Baker Hughes' rule of 40 is 17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Baker Hughes' rule of X is 15% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Baker Hughes Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 0% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 17% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 15% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 11% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Baker Hughes Public Comps
See public comps and valuation multiples for other Energy Equipment and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Baker Hughes | XXX | XXX | XXX | XXX | XXX | XXX |
| Bloom Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Imperial Oil | XXX | XXX | XXX | XXX | XXX | XXX |
| TC Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Occidental Petroleum | XXX | XXX | XXX | XXX | XXX | XXX |
| MPLX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Baker Hughes M&A Activity
Baker Hughes acquired XXX companies to date.
Last acquisition by Baker Hughes was on XXXXXXXX, XXXXX. Baker Hughes acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Baker Hughes
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialBaker Hughes Investment Activity
Baker Hughes invested in XXX companies to date.
Baker Hughes made its latest investment on XXXXXXXX, XXXXX. Baker Hughes invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Baker Hughes
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Baker Hughes
| When was Baker Hughes founded? | Baker Hughes was founded in 2016. |
| Where is Baker Hughes headquartered? | Baker Hughes is headquartered in United States. |
| How many employees does Baker Hughes have? | As of today, Baker Hughes has over 56K employees. |
| Who is the CEO of Baker Hughes? | Baker Hughes' CEO is Lorenzo Simonelli. |
| Is Baker Hughes publicly listed? | Yes, Baker Hughes is a public company listed on Nasdaq. |
| What is the stock symbol of Baker Hughes? | Baker Hughes trades under BKR ticker. |
| When did Baker Hughes go public? | Baker Hughes went public in 2017. |
| Who are competitors of Baker Hughes? | Baker Hughes main competitors are Bloom Energy, Imperial Oil, TC Energy, Occidental Petroleum. |
| What is the current market cap of Baker Hughes? | Baker Hughes' current market cap is $60B. |
| What is the current revenue of Baker Hughes? | Baker Hughes' last 12 months revenue is $28B. |
| What is the current revenue growth of Baker Hughes? | Baker Hughes revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Baker Hughes? | Current revenue multiple of Baker Hughes is 2.3x. |
| Is Baker Hughes profitable? | Yes, Baker Hughes is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Baker Hughes? | Baker Hughes' last 12 months EBITDA is $5B. |
| What is Baker Hughes' EBITDA margin? | Baker Hughes' last 12 months EBITDA margin is 17%. |
| What is the current EV/EBITDA multiple of Baker Hughes? | Current EBITDA multiple of Baker Hughes is 12.9x. |
| What is the current FCF of Baker Hughes? | Baker Hughes' last 12 months FCF is $3B. |
| What is Baker Hughes' FCF margin? | Baker Hughes' last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Baker Hughes? | Current FCF multiple of Baker Hughes is 24.7x. |
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