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BKR (Baker Hughes Co) Piotroski F-Score : 9 (As of Jul. 11, 2025)


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What is Baker Hughes Co Piotroski F-Score?

Good Sign:

Piotroski F-Score is 9, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Baker Hughes Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Baker Hughes Co's Piotroski F-Score or its related term are showing as below:

BKR' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 9

During the past 10 years, the highest Piotroski F-Score of Baker Hughes Co was 9. The lowest was 2. And the median was 6.


Baker Hughes Co Piotroski F-Score Historical Data

The historical data trend for Baker Hughes Co's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Baker Hughes Co Piotroski F-Score Chart

Baker Hughes Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 6.00 5.00 6.00 9.00

Baker Hughes Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.00 8.00 9.00 9.00 9.00

Competitive Comparison of Baker Hughes Co's Piotroski F-Score

For the Oil & Gas Equipment & Services subindustry, Baker Hughes Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Baker Hughes Co's Piotroski F-Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Baker Hughes Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Baker Hughes Co's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 579 + 766 + 1179 + 402 = $2,926 Mil.
Cash Flow from Operations was 348 + 1010 + 1190 + 709 = $3,257 Mil.
Revenue was 7139 + 6908 + 7364 + 6427 = $27,838 Mil.
Gross Profit was 1490 + 1542 + 1530 + 1475 = $6,037 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(37141 + 36656 + 37530 + 38363 + 38110) / 5 = $37560 Mil.
Total Assets at the begining of this year (Mar24) was $37,141 Mil.
Long-Term Debt & Capital Lease Obligation was $5,969 Mil.
Total Current Assets was $16,841 Mil.
Total Current Liabilities was $12,594 Mil.
Net Income was 410 + 518 + 440 + 455 = $1,823 Mil.

Revenue was 6315 + 6641 + 6835 + 6418 = $26,209 Mil.
Gross Profit was 1311 + 1343 + 1447 + 1442 = $5,543 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(35042 + 36093 + 36550 + 36945 + 37141) / 5 = $36354.2 Mil.
Total Assets at the begining of last year (Mar23) was $35,042 Mil.
Long-Term Debt & Capital Lease Obligation was $5,858 Mil.
Total Current Assets was $16,420 Mil.
Total Current Liabilities was $13,179 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Baker Hughes Co's current Net Income (TTM) was 2,926. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Baker Hughes Co's current Cash Flow from Operations (TTM) was 3,257. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar24)
=2926/37141
=0.07878086

ROA (Last Year)=Net Income/Total Assets (Mar23)
=1823/35042
=0.05202329

Baker Hughes Co's return on assets of this year was 0.07878086. Baker Hughes Co's return on assets of last year was 0.05202329. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Baker Hughes Co's current Net Income (TTM) was 2,926. Baker Hughes Co's current Cash Flow from Operations (TTM) was 3,257. ==> 3,257 > 2,926 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=5969/37560
=0.15891906

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=5858/36354.2
=0.16113682

Baker Hughes Co's gearing of this year was 0.15891906. Baker Hughes Co's gearing of last year was 0.16113682. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar25)=Total Current Assets/Total Current Liabilities
=16841/12594
=1.33722407

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=16420/13179
=1.24592154

Baker Hughes Co's current ratio of this year was 1.33722407. Baker Hughes Co's current ratio of last year was 1.24592154. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Baker Hughes Co's number of shares in issue this year was 999. Baker Hughes Co's number of shares in issue last year was 1004. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=6037/27838
=0.21686184

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5543/26209
=0.21149224

Baker Hughes Co's gross margin of this year was 0.21686184. Baker Hughes Co's gross margin of last year was 0.21149224. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar24)
=27838/37141
=0.74952209

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=26209/35042
=0.74793105

Baker Hughes Co's asset turnover of this year was 0.74952209. Baker Hughes Co's asset turnover of last year was 0.74793105. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+1+1+1
=9

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Baker Hughes Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Baker Hughes Co  (NAS:BKR) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Baker Hughes Co Piotroski F-Score Related Terms

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Baker Hughes Co Business Description

Address
575 North Dairy Ashford Road, Suite 100, Houston, TX, USA, 77079-1121
Following a 2022 reorganization, Baker Hughes operates across two segments: oilfield services and equipment, and industrial and energy technology. The firm's oilfield services and equipment segment, or OFSE, is one of the Big Three oilfield service players, along with SLB and Halliburton, and mostly supplies to hydrocarbon developers and producers, including national oil companies, major integrated firms, and independents. Markets outside of North America buy roughly three quarters of the firm's OFSE. Baker Hughes' industrial and energy technology segment manufactures and sells turbines, compressors, pumps, valves, and related testing and monitoring services across various energy and industrial applications.
Executives
James E Apostolides officer: SVP, Enterprise Op Excellence 17021 ALDINE WESTFIELD RD, HOUSTON TX 77073
Nancy Buese officer: Chief Financial Officer 1515 ARAPAHOE STREET, DENVER CO 80202-2126
Maria C Borras officer: EVP, Oilfield Services & Equip 2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019
Lorenzo Simonelli director, officer: Chairman, President and CEO 17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
Regina Jones officer: Chief Legal Officer 7102 COMMERCE WAY, BRENTWOOD TN 37027
Rebecca L Charlton officer: SVP, Controller & CAO 17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
Gregory D Brenneman director
Cynthia B Carroll director C/O ALCAN INC., 1188 SHERBROOKE STREET WEST, MONTREAL A8 H3A 3G2
Lynn Laverty Elsenhans director 6400 POPLAR AVENUE, MEMPHIS TN 38197
John G Rice director GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
William G Beattie director GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Michael R Dumais director 870 WINTER STREET, WALTHAM MA 02451
Mohsen Sohi director C/O STERIS CORPORATION, 5960 HEISLEY ROAD, MENTOR OH 44060
Nelda J Connors director BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Kurt Camilleri officer: SVP/Controller/Chief Acctg Off 17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073