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Baker Hughes vs TechnipFMC: revenue, profit, margins and growth compared

Baker Hughes brought in $27.7B of revenue in fiscal 2025, TechnipFMC $9.9B in fiscal 2025. Revenue changed by -0.3% at Baker Hughes and +9.4% at TechnipFMC on the year before, so TechnipFMC grew faster. Baker Hughes kept 9.3% of its revenue as net profit, TechnipFMC 9.7%. Free cash flow was $2.5B at Baker Hughes and $1.4B at TechnipFMC.

Side by side, latest fiscal year

BKRFTI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$27.7B$9.9B
Revenue growth-0.3%+9.4%
Net income$2.6B$963.9M
Net margin9.3%9.7%
Free cash flow$2.5B$1.4B
Free cash flow margin9.1%14.6%
Earnings per share (diluted)n/a$2.30
Cash$3.7B$1B
Debt$5.4B$430M
Price to earningsn/a30.9
Market value$57.4B$27.8B
Dividend yieldn/a0.28%
Rank by revenue in sector#37 of 778 · Consumer discretionary#121 of 778 · Consumer discretionary

Over the years

Revenue
BKR FY2018: $22.9BBKR FY2019: $23.8BBKR FY2020: $20.7BBKR FY2021: $20.5BBKR FY2022: $21.2BBKR FY2023: $25.5BBKR FY2024: $27.8BBKR FY2025: $27.7BFTI FY2018: $12.6BFTI FY2019: $7BFTI FY2020: $6.5BFTI FY2021: $6.4BFTI FY2022: $6.7BFTI FY2023: $7.8BFTI FY2024: $9.1BFTI FY2025: $9.9BFY18FY19FY20FY21FY22FY23FY24FY25
BKR $27.7BFTI $9.9B
Net income
BKR FY2018: $195MBKR FY2019: $128MBKR FY2020: -$9.9BBKR FY2021: -$219MBKR FY2022: -$601MBKR FY2023: $1.9BBKR FY2024: $3BBKR FY2025: $2.6BFTI FY2018: -$1.9BFTI FY2019: -$2.4BFTI FY2020: -$3.3BFTI FY2021: $13.3MFTI FY2022: -$107.2MFTI FY2023: $56.2MFTI FY2024: $842.9MFTI FY2025: $963.9MFY18FY19FY20FY21FY22FY23FY24FY25
BKR $2.6BFTI $963.9M
Net margin
BKR FY2018: 0.9%BKR FY2019: 0.5%BKR FY2020: -48.0%BKR FY2021: -1.1%BKR FY2022: -2.8%BKR FY2023: 7.6%BKR FY2024: 10.7%BKR FY2025: 9.3%FTI FY2018: -15.3%FTI FY2019: -34.8%FTI FY2020: -50.3%FTI FY2021: 0.2%FTI FY2022: -1.6%FTI FY2023: 0.7%FTI FY2024: 9.3%FTI FY2025: 9.7%FY18FY19FY20FY21FY22FY23FY24FY25
BKR 9.3%FTI 9.7%
Revenue growth
BKR FY2019: +4.2%BKR FY2020: -13.1%BKR FY2021: -1.0%BKR FY2022: +3.2%BKR FY2023: +20.6%BKR FY2024: +9.1%BKR FY2025: -0.3%FTI FY2019: -44.6%FTI FY2020: -6.0%FTI FY2021: -1.9%FTI FY2022: +4.6%FTI FY2023: +16.8%FTI FY2024: +16.1%FTI FY2025: +9.4%FY19FY20FY21FY22FY23FY24FY25
BKR -0.3%FTI +9.4%
Free cash flow
BKR FY2018: $767MBKR FY2019: $886MBKR FY2020: $330MBKR FY2021: $1.5BBKR FY2022: $899MBKR FY2023: $1.8BBKR FY2024: $2.1BBKR FY2025: $2.5BFTI FY2018: -$553.5MFTI FY2019: $435.8MFTI FY2020: $400.8MFTI FY2021: $589.6MFTI FY2022: $194.2MFTI FY2023: $467.8MFTI FY2024: $679.4MFTI FY2025: $1.4BFY18FY19FY20FY21FY22FY23FY24FY25
BKR $2.5BFTI $1.4B

Fiscal years as each company reports them; the two may end in different months.

Questions about Baker Hughes and TechnipFMC

Which is bigger by revenue, Baker Hughes or TechnipFMC?

Baker Hughes is bigger by revenue: $27.7B in fiscal 2025, against $9.9B for TechnipFMC in fiscal 2025.

Which keeps more of its revenue as profit, Baker Hughes or TechnipFMC?

Baker Hughes had a net margin of 9.3% in fiscal 2025; TechnipFMC had 9.7% in fiscal 2025.

Which grew revenue faster, Baker Hughes or TechnipFMC?

In their latest fiscal years revenue changed by -0.3% at Baker Hughes and +9.4% at TechnipFMC.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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