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Baker Hughes vs Innovex International: revenue, profit, margins and growth compared

Baker Hughes brought in $27.7B of revenue in fiscal 2025, Innovex International $978.3M in fiscal 2025. Revenue changed by -0.3% at Baker Hughes and +48.0% at Innovex International on the year before, so Innovex International grew faster. Baker Hughes kept 9.3% of its revenue as net profit, Innovex International 8.5%.

Side by side, latest fiscal year

BKRINVX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$27.7B$978.3M
Revenue growth-0.3%+48.0%
Net income$2.6B$83.3M
Net margin9.3%8.5%
Free cash flow$2.5Bn/a
Free cash flow margin9.1%n/a
Earnings per share (diluted)n/a$1.20
Cash$3.7B$203.4M
Debt$5.4B$25.6M
Price to earningsn/a23.8
Market value$57.4B$2B
Dividend yieldn/an/a
Rank by revenue in sector#37 of 778 · Consumer discretionary#464 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: $27.7BINVX FY2018: $384.6MINVX FY2019: $414.8MINVX FY2020: $365MINVX FY2021: $322.4MINVX FY2022: $467.2MINVX FY2023: $555.5MINVX FY2024: $660.8MINVX FY2025: $978.3MFY18FY19FY20FY21FY22FY23FY24FY25
BKR $27.7BINVX $978.3M
Net income
BKR FY2018: $195MBKR FY2019: $128MBKR FY2020: -$9.9BBKR FY2021: -$219MBKR FY2022: -$601MBKR FY2023: $1.9BBKR FY2024: $3BBKR FY2025: $2.6BINVX FY2018: -$95.7MINVX FY2019: $1.7MINVX FY2020: -$30.8MINVX FY2021: -$128.5MINVX FY2022: $63.3MINVX FY2023: $73.9MINVX FY2024: $140.3MINVX FY2025: $83.3MFY18FY19FY20FY21FY22FY23FY24FY25
BKR $2.6BINVX $83.3M
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%INVX FY2018: -24.9%INVX FY2019: 0.4%INVX FY2020: -8.4%INVX FY2021: -39.8%INVX FY2022: 13.5%INVX FY2023: 13.3%INVX FY2024: 21.2%INVX FY2025: 8.5%FY18FY19FY20FY21FY22FY23FY24FY25
BKR 9.3%INVX 8.5%
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%INVX FY2019: +7.8%INVX FY2020: -12.0%INVX FY2021: -11.7%INVX FY2022: +44.9%INVX FY2023: +18.9%INVX FY2024: +18.9%INVX FY2025: +48.0%FY19FY20FY21FY22FY23FY24FY25
BKR -0.3%INVX +48.0%
Free cash flow
BKR FY2018: $767MBKR FY2019: $886MBKR FY2020: $330MBKR FY2021: $1.5BBKR FY2022: $899MBKR FY2023: $1.8BBKR FY2024: $2.1BBKR FY2025: $2.5BINVX FY2018: $13.4MINVX FY2019: $3.2MINVX FY2020: -$33MINVX FY2021: $28.4MINVX FY2022: -$24.7MINVX FY2023: $43.2MFY18FY19FY20FY21FY22FY23FY24FY25
BKR $2.5BINVX $43.2M

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

Questions about Baker Hughes and Innovex International

Which is bigger by revenue, Baker Hughes or Innovex International?

Baker Hughes is bigger by revenue: $27.7B in fiscal 2025, against $978.3M for Innovex International in fiscal 2025.

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

Baker Hughes had a net margin of 9.3% in fiscal 2025; Innovex International had 8.5% in fiscal 2025.

Which grew revenue faster, Baker Hughes or Innovex International?

In their latest fiscal years revenue changed by -0.3% at Baker Hughes and +48.0% at Innovex International.

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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