Baker Hughes
BKR Β· Oil & Gas Equipment & Services
$55.86
4.2%TechnipFMC
FTI Β· Oil & Gas Equipment & Services
$69.89
4.6%The short version
- Baker Hughes is the larger business, with $27.7B of revenue in fiscal 2025 against $9.9B for TechnipFMC, about 2.8 times as much.
- TechnipFMC grew revenue faster (9.4%, against β0.3%).
- TechnipFMC turned more of its sales into free cash flow (14.6% FCF margin, against 9.2% FCF margin).
- TechnipFMC earned a higher return on the capital invested in it (37.2%, against 14.1%).
| Latest fiscal year | BKR Β· FY25 | FTI Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | β | $28.3B |
| Revenue | $27.7B | $9.9B |
| Free cash flow | $2.5B | $1.4B |
| Net income | $2.6B | $964M |
| Growth | ||
| Revenue growth | β0.3% | 9.4% |
| 5-year growth | 6.0% | 8.8% |
| Share count change | β | β4.7% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | 14.5% |
| Net margin | 9.3% | 9.7% |
| FCF margin | 9.2% | 14.6% |
| Return on capital | 14.1% | 37.2% |
| Return on equity | 14.5% | 29.9% |
| Balance sheet | ||
| Net debt | $2.4B | β$510M |
| Net debt / EBITDA | 0.5x | β0.3x |
| Dividends and buybacks | $1.3B | $1.0B |
| Valuation & quality | ||
| P/E | β | 24.3x |
| Piotroski F-score | β | 8 |
FY16
BKR $13.1B
FTI $9.2B
FY17
BKR $17.2B
FTI $15.1B
FY18
BKR $22.9B
FTI $12.6B
FY19
BKR $23.8B
FTI $7.0B
FY20
BKR $20.7B
FTI $6.5B
FY21
BKR $20.5B
FTI $6.4B
FY22
BKR $21.2B
FTI $6.7B
FY23
BKR $25.5B
FTI $7.8B
FY24
BKR $27.8B
FTI $9.1B
FY25
BKR $27.7B
FTI $9.9B
BKR
FTI
FY16
BKR 3.5%
FTI 8.3%
FY17
BKR β1.7%
FTI 9.0%
FY18
BKR 3.1%
FTI β4.2%
FY19
BKR 4.5%
FTI β30.3%
FY20
BKR β77.2%
FTI β49.7%
FY21
BKR 6.4%
FTI 2.9%
FY22
BKR 5.6%
FTI 5.6%
FY23
BKR 9.1%
FTI 8.4%
FY24
BKR 11.1%
FTI 12.7%
FY25
BKR β
FTI 14.5%
BKR
FTI
FY16
BKR β$162M
FTI $181M
FY17
BKR β$1.5B
FTI β$45.0M
FY18
BKR $767M
FTI β$554M
FY19
BKR $886M
FTI $436M
FY20
BKR $330M
FTI $401M
FY21
BKR $1.5B
FTI $590M
FY22
BKR $899M
FTI $194M
FY23
BKR $1.8B
FTI $468M
FY24
BKR $2.1B
FTI $679M
FY25
BKR $2.5B
FTI $1.4B
BKR
FTI
FY16
BKR β
FTI β
FY17
BKR β0.8%
FTI 11.5%
FY18
BKR 0.9%
FTI β4.3%
FY19
BKR 1.4%
FTI β16.9%
FY20
BKR β42.4%
FTI β30.1%
FY21
BKR 3.2%
FTI 1.7%
FY22
BKR 3.1%
FTI 4.8%
FY23
BKR 9.2%
FTI 9.4%
FY24
BKR 14.7%
FTI 33.1%
FY25
BKR 14.1%
FTI 37.2%
BKR
FTI
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.