Baker Hughes vs NOV
Baker Hughes reported revenue of $27.7 billion in fiscal 2025, 3.2 times NOV's $8.7 billion in fiscal 2025. Baker Hughes' revenue fell 0.3% in its latest year, and NOV's fell 1.4%. Free cash flow was $2.5 billion at Baker Hughes and $876 million at NOV.
Side by side
| Baker Hughes | NOV | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $27.7B | $8.7B |
| Revenue growth | −0.3% | −1.4% |
| Revenue growth a year, last 5 years | 6.0% | 7.5% |
| Gross margin | — | 20.2% |
| Operating margin | — | 5.7% |
| Net margin | 9.3% | 1.7% |
| Free cash flow | $2.5B | $876M |
| Free cash flow margin | 9.2% | 10.0% |
| Return on capital | 14.1% | 3.5% |
| Net debt to EBITDA | 0.5x | 0.5x |
| Dividends and buybacks | $1.3B | $505M |
| Change in diluted share count | — | −5.3% |
| Last close | $56.01 | $20.19 |
| P/E at the last close | — | 80.8× |
| Insider trades, last 12 months | sold $73.2 million | bought $1.0 million, sold $4.6 million |
| Piotroski F-score | — | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Baker HughesNOV
Operating margin
Percent of revenue
Baker HughesNOV
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Baker HughesNOV
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Baker Hughes and NOV pages.