Baker Hughes balance sheet

At the end of fiscal 2025, Baker Hughes had total assets of $40.88bn and shareholders' equity of $18.83bn. It held $3.71bn in cash against $6.09bn of debt.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Baker Hughes: balance sheet, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	1.4	1.0	7.0	3.7	3.2	4.1	3.9	2.5	2.6	3.4	3.7	4.1
Receivables	—	2.6	6.0	6.0	6.4	5.6	5.7	6.0	7.1	7.1	6.6	7.9
Inventory	—	3.2	4.5	4.6	4.6	4.4	4.0	4.6	5.1	5.0	5.0	6.0
Total current assets	—	7.4	18.4	15.0	15.2	16.5	15.1	14.6	16.3	17.2	18.8	21.6
Goodwill	6.9	6.7	19.9	20.7	20.7	6.0	6.0	5.9	6.1	6.1	6.1	13.9
Total assets	—	21.7	56.5	52.4	53.4	38.0	35.3	34.2	36.9	38.4	40.9	59.1
Accounts payable	—	1.9	3.4	4.0	4.3	3.5	3.7	4.3	4.5	4.5	4.6	5.2
Deferred revenue (current)	—	2.0	1.8	1.8	2.9	3.5	3.2	3.8	5.5	5.7	5.9	8.0
Total current liabilities	—	4.9	9.2	9.0	10.0	10.2	9.1	11.1	13.0	13.0	13.9	17.5
Short-term debt	—	0.2	2.0	0.9	0.3	0.9	0.0	0.7	0.1	0.1	0.7	0.8
Long-term debt	—	0.0	6.3	6.3	6.3	6.7	6.7	6.0	5.9	6.0	5.4	17.5
Total debt	0.0	0.3	8.3	7.2	6.6	7.6	6.7	6.7	6.0	6.0	6.1	18.3
Total liabilities	—	0.0	—	—	—	—	—	—	—	—	—	—
Shareholders' equity	14.5	14.7	14.3	17.5	21.9	12.9	14.8	14.4	15.4	16.9	18.8	20.1
Non-controlling interests and other (assets − liabilities − equity)	—	7.0	—	—	—	—	—	—	—	—	—	—
Shares outstanding	—	—	—	—	—	—	—	—	—	—	—	—

US$ billions unless shown otherwise. Fiscal quarters.

Baker Hughes: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	7.1	6.7	6.5	6.6	6.6	6.7	6.7	7.9
Inventory	5.0	5.2	5.1	5.0	5.0	4.9	5.0	6.0
Total current assets	17.2	16.8	17.6	17.5	18.8	28.6	30.6	21.6
Goodwill	6.1	6.1	5.8	6.1	6.1	6.0	5.6	13.9
Total assets	38.4	38.1	38.7	39.2	40.9	50.9	52.6	59.1
Accounts payable	4.5	4.5	4.3	4.2	4.6	4.3	4.5	5.2
Deferred revenue (current)	5.7	5.6	5.7	5.5	5.9	6.0	6.6	8.0
Total current liabilities	13.0	12.6	12.5	12.4	13.9	13.4	14.6	17.5
Short-term debt	0.1	0.1	0.1	0.1	0.7	0.8	0.8	0.8
Long-term debt	6.0	6.0	6.0	6.0	5.4	15.4	15.5	17.5
Total debt	6.0	6.0	6.0	6.1	6.1	16.2	16.3	18.3
Shareholders' equity	16.9	17.0	17.7	18.2	18.8	19.3	19.9	20.1

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: BKR vs HAL BKR vs SLB BKR vs FTI

More: Oil & Gas Equipment & Services stocks compared, Energy sector, rankings of US companies

Figures from Baker Hughes's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Baker Hughes.