Baker Hughes (BKR) Stock Price vs Operating Income
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Baker Hughes' operating income grew 30.25% year-over-year in the third quarter, rising from $714 million on September 30, 2023 to $930 million on September 30, 2024. Over that same one-year period, the stock price increased 2.35%, moving from $35.32 to $36.15. This modest stock appreciation relative to the stronger earnings growth represents valuation compression, meaning the company is trading at a lower multiple of its operating income. From the earliest data point in April 1987 when the stock traded at $18.63, through the most recent price of $64.13 on June 2, 2026, the overall correlation between stock price and operating income stands at 0.36, indicating a weak relationship between the two metrics over the full 39-year window.
Operating Income was $930.0M as of 2024-09-30, +30% year over year. The stock moved +2.3% over the same window ($35.32 -> $36.15). The stock is now cheaper relative to Operating Income than a year ago (multiple compression).
Latest close: 64.22 USD (2026-06-02).
Operating Income | recent SEC reports
| Report date | Operating Income | Period |
|---|
| 2024-09-30 | 930.0M USD | Q3 10-Q |
| 2024-06-30 | 833.0M USD | Q2 10-Q |
| 2024-03-31 | 653.0M USD | Q1 10-Q |
| 2023-09-30 | 714.0M USD | Q3 10-Q |
| 2023-06-30 | 514.0M USD | Q2 10-Q |
| 2023-03-31 | 438.0M USD | Q1 10-Q |
| 2022-09-30 | 269.0M USD | Q3 10-Q |
| 2022-06-30 | -25.0M USD | Q2 10-Q |
Sources: autario.com/data/stock-bkr-baker-hughes-daily-prices · autario.com/data/baker-hughes-operating-income-sec-filings | data verified and hosted on autario.com.