Baker Hughes Co
For the period ended Dec 31, 2025. Filed Feb 5, 2026.
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FY2025 · Filed Feb 5, 2026
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Year Ended December 31, | |||
|---|---|---|---|
| (In millions, except per share amounts) | 2025 | 2024 | 2023 |
| Revenue: | |||
| Sales of goods | $18,216 | $17,810 | $15,617 |
| Sales of services | 9,517 | 10,019 | 9,889 |
| Total revenue | 27,733 | 27,829 | 25,506 |
| Costs and expenses: | |||
| Cost of goods sold | 14,388 | 14,291 | 12,801 |
| Cost of services sold | 6,801 | 7,055 | 6,803 |
| Selling, general and administrative | 2,387 | 2,458 | 2,611 |
| Research and development costs | 600 | 643 | 651 |
| Restructuring | 215 | 260 | 313 |
| Other (income) expense, net | 243 | (341) | (544) |
| Interest expense, net | 222 | 198 | 216 |
| Income before income taxes | 2,877 | 3,265 | 2,655 |
| Provision for income taxes | (253) | (257) | (685) |
| Net income | 2,624 | 3,008 | 1,970 |
| Less: Net income attributable to noncontrolling interests | 36 | 29 | 27 |
| Net income attributable to Baker Hughes Company | $2,588 | $2,979 | $1,943 |
| Per share amounts: | |||
| Basic income per Class A common share | $2.62 | $3.00 | $1.93 |
| Diluted income per Class A common share | $2.60 | $2.98 | $1.91 |
| Cash dividend per Class A common share | $0.92 | $0.84 | $0.78 |
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