Baker Hughes Reports 5% Increase in Orders for Q4 2025

By Chris Stiles • Monday, January 26 16:42 • Permanent Link

Baker Hughes, a company specializing in oilfield services and equipment, has announced its fourth-quarter and full-year 2025 results. The company reported fourth-quarter orders of $7.9 billion, a 5% increase year-over-year, and revenue of $7.4 billion, remaining flat compared to the previous year.

For the full year, Baker Hughes reported orders of $29.6 billion, a 5% increase year-over-year, and revenue of $27.7 billion, remaining flat compared to the previous year.

The company's attributable net income for the fourth quarter was $876 million, a 26% decrease year-over-year. Similarly, the full-year attributable net income was $2,588 million, a 5% decrease year-over-year.

Adjusted EBITDA for the fourth quarter was $1,337 million, up 2% year-over-year, while the full-year adjusted EBITDA was $4,825 million, up 5% year-over-year. The company also achieved a record annual free cash flow of $2.7 billion in 2025.

In terms of segment results, the Oilfield Services & Equipment (OFSE) segment saw a 3% increase in orders year-over-year, while the revenue decreased by 8% year-over-year. The segment's EBITDA margin decreased by 1.4 percentage points year-over-year.

On the Industrial & Energy Technology (IET) side, the company experienced a record RPO of $35.9 billion, including a record IET RPO of $32.4 billion.

Looking ahead, Baker Hughes expects IET orders to remain at robust levels supported by continued momentum in LNG, a stronger year of FPSO and gas infrastructure awards, and sustained strength for power systems. The company also anticipates overall organic adjusted EBITDA growth in the mid-single digits range, with IET expanding margins to the 20% target and OFSE remaining relatively flat.

Baker Hughes' CEO, Lorenzo Simonelli, expressed optimism about the future, highlighting the company's sustained momentum and commitment to creating long-term, sustainable value for shareholders.

The market has reacted to these announcements by moving the company's shares -0.48% to a price of $51.75. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.