Baker Hughes vs Schlumberger
Schlumberger reported revenue of $35.7 billion in fiscal 2025, 1.3 times Baker Hughes' $27.7 billion in fiscal 2025. Baker Hughes' revenue fell 0.3% in its latest year, and Schlumberger's fell 1.6%. Free cash flow was $2.5 billion at Baker Hughes and $4.8 billion at Schlumberger.
Side by side
| Baker Hughes | Schlumberger | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $27.7B | $35.7B |
| Revenue growth | −0.3% | −1.6% |
| Revenue growth a year, last 5 years | 6.0% | 8.6% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 9.3% | 9.4% |
| Free cash flow | $2.5B | $4.8B |
| Free cash flow margin | 9.2% | 13.4% |
| Return on capital | 14.1% | 12.7% |
| Net debt to EBITDA | 0.5x | 0.7x |
| Dividends and buybacks | $1.3B | $4.0B |
| Change in diluted share count | — | 0.1% |
| Last close | $56.01 | $53.08 |
| P/E at the last close | — | 25.6× |
| Insider trades, last 12 months | sold $73.2 million | sold $25.6 million |
| Piotroski F-score | — | 4 of 8 |
Amounts in each company's own currency, US$ 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 HughesSchlumberger
Operating margin
Percent of revenue
Baker HughesSchlumberger
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Baker HughesSchlumberger
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 Schlumberger pages.