Baker Hughes Co FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $27.7B |
| Gross margin | — not reported |
| Operating income | — not reported |
| Net income | $2.6B |
| Diluted EPS | — not reported |
| Cash & equivalents | — not reported |
| Total assets | $40.9B |
| Long-term debt | $5.4B |
Key takeaway
Baker Hughes recognized $29.6 billion in new orders in 2025, up from $28.2 billion in 2024, driven by IET orders growth to $14.9 billion.
🔒 4 more takeaways in the full analysis
Beneath the surface
The effective tax rate of 8.8% versus the 21% statutory rate was driven by a $210 million favorable 'other adjustments' reconciliation item and foreign tax credits, which meaningfully boosted reported net income relative to a normalized tax basis.
🔒 3 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for BKR.
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