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

Baker Hughes brought in $27.7B of revenue in fiscal 2025, Cactus $1.1B in fiscal 2025. Revenue changed by -0.3% at Baker Hughes and -4.5% at Cactus on the year before, so Baker Hughes grew faster. Baker Hughes kept 9.3% of its revenue as net profit, Cactus 15.4%.

Side by side, latest fiscal year

BKRWHD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$27.7B$1.1B
Revenue growth-0.3%-4.5%
Net income$2.6B$166M
Net margin9.3%15.4%
Free cash flow$2.5Bn/a
Free cash flow margin9.1%n/a
Earnings per share (diluted)n/an/a
Cash$3.7B$123.6M
Debt$5.4B$0
Price to earningsn/an/a
Market value$57.4B$5.2B
Dividend yieldn/a0.84%
Rank by revenue in sector#37 of 778 · Consumer discretionary#449 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: $27.7BWHD FY2018: $544.1MWHD FY2019: $628.4MWHD FY2020: $348.6MWHD FY2021: $438.6MWHD FY2022: $688.4MWHD FY2023: $1.1BWHD FY2024: $1.1BWHD FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
BKR $27.7BWHD $1.1B
Net income
BKR FY2018: $195MBKR FY2019: $128MBKR FY2020: -$9.9BBKR FY2021: -$219MBKR FY2022: -$601MBKR FY2023: $1.9BBKR FY2024: $3BBKR FY2025: $2.6BWHD FY2018: $51.7MWHD FY2019: $85.6MWHD FY2020: $34.4MWHD FY2021: $49.6MWHD FY2022: $110.2MWHD FY2023: $169.2MWHD FY2024: $185.4MWHD FY2025: $166MFY18FY19FY20FY21FY22FY23FY24FY25
BKR $2.6BWHD $166M
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%WHD FY2018: 9.5%WHD FY2019: 13.6%WHD FY2020: 9.9%WHD FY2021: 11.3%WHD FY2022: 16.0%WHD FY2023: 15.4%WHD FY2024: 16.4%WHD FY2025: 15.4%FY18FY19FY20FY21FY22FY23FY24FY25
BKR 9.3%WHD 15.4%
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%WHD FY2019: +15.5%WHD FY2020: -44.5%WHD FY2021: +25.8%WHD FY2022: +57.0%WHD FY2023: +59.4%WHD FY2024: +3.0%WHD FY2025: -4.5%FY19FY20FY21FY22FY23FY24FY25
BKR -0.3%WHD -4.5%
Free cash flow
BKR FY2018: $767MBKR FY2019: $886MBKR FY2020: $330MBKR FY2021: $1.5BBKR FY2022: $899MBKR FY2023: $1.8BBKR FY2024: $2.1BBKR FY2025: $2.5BFY18FY19FY20FY21FY22FY23FY24FY25
BKR $2.5BWHD

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

Questions about Baker Hughes and Cactus

Which is bigger by revenue, Baker Hughes or Cactus?

Baker Hughes is bigger by revenue: $27.7B in fiscal 2025, against $1.1B for Cactus in fiscal 2025.

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

Baker Hughes had a net margin of 9.3% in fiscal 2025; Cactus had 15.4% in fiscal 2025.

Which grew revenue faster, Baker Hughes or Cactus?

In their latest fiscal years revenue changed by -0.3% at Baker Hughes and -4.5% at Cactus.

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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