--- title: "Baker Hughes: Competitors" description: "Baker Hughes compared with companies that share its SEC industry classification: revenue, growth and margins from SEC filings, and how the peer group is chosen." canonical: https://www.getswoopr.com/stocks/companies/baker-hughes/competitors/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Baker Hughes: Competitors & Industry Structure ## Direct Answer SEC EDGAR classifies Baker Hughes under SIC code 3533 (Oil & Gas Field Machinery & Equipment). Among Swoopr's S&P 500 Equal Weight companies, 7 others share that classification; by latest reported revenue, Baker Hughes ranks 1 of 8. A filing classification is a starting point: a company's real competitors depend on its segments, which its 10-K describes. ## How Does Baker Hughes Compare With Its Peers? | Company | Revenue (latest FY) | Revenue growth | Operating margin | Net margin | | --- | --- | --- | --- | --- | | **Baker Hughes (BKR)** | $27.7 billion FY2025 | -0.3% | n/a | 9.3% | | [NOV Inc. (NOV)](https://www.getswoopr.com/stocks/companies/nov-inc/) | $8.7 billion FY2025 | -1.4% | 5.6% | 1.7% | | [Weatherford International plc (WFRD)](https://www.getswoopr.com/stocks/companies/weatherford-international-plc/) | $4.9 billion FY2025 | -10.8% | 15.4% | 8.8% | | [Forum Energy Technologies Inc. (FET)](https://www.getswoopr.com/stocks/companies/forum-energy-technologies-inc/) | $791 million FY2025 | -3.1% | 3.8% | -1.2% | | [Flowco Holdings Inc. (FLOC)](https://www.getswoopr.com/stocks/companies/flowco-holdings-inc/) | $760 million FY2025 | 41.9% | 19.6% | 5.4% | | [Oil States International Inc. (OIS)](https://www.getswoopr.com/stocks/companies/oil-states-international-inc/) | $669 million FY2025 | -3.4% | -14.6% | -16.3% | | [Drilling Tools International Corporation (DTI)](https://www.getswoopr.com/stocks/companies/drilling-tools-international-corporation/) | $160 million FY2025 | 3.4% | n/a | -2.4% | | [Hyperscale Data Inc. (GPUS)](https://www.getswoopr.com/stocks/companies/hyperscale-data-inc/) | $102 million FY2025 | -4.3% | -61.0% | -65.0% | Revenue growth compares each company's latest fiscal year with the one before. Fiscal years do not always end on the same date, so treat close comparisons with care. ## How Does Baker Hughes Rank Among All SEC Filers in Its Industry Code? 8 companies with annual reports in Swoopr's SEC dataset share SIC code 3533 (Oil & Gas Field Machinery & Equipment), a wider group than the S&P 500 Equal Weight companies above. Ranks run from 1 (highest) and use each company's latest fiscal year, in U.S. dollars. | Measure | Baker Hughes | Median of filers | Rank | | --- | --- | --- | --- | | Revenue | $27.7 billion | $776 million | 1 of 8 | | Revenue growth | -0.3% | -2.2% | 3 of 8 | | Net margin | 9.3% | 0.2% | 1 of 8 | A SIC code reflects the filer's main business as the SEC records it, so the group mixes companies of very different size; the median is a better guide than the average, and a rank near the top by revenue says nothing about quality. ## Where These Numbers Come From Every figure on this page is a value Baker Hughes reported in its own SEC filings, read from the SEC's XBRL data (accession 0001701605-26-000007 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### Who are Baker Hughes's competitors? Companies sharing Baker Hughes's SEC classification (SIC code 3533 (Oil & Gas Field Machinery & Equipment)) include NOV Inc. (NOV), Weatherford International plc (WFRD), Forum Energy Technologies Inc. (FET), Flowco Holdings Inc. (FLOC), Oil States International Inc. (OIS). Its 10-K names the competitors it considers most relevant. ### How does Baker Hughes compare with its peers on margins? A margin comparison needs reported operating income for Baker Hughes and its peers; where either is missing, Swoopr leaves the comparison out. ### How are these peers chosen? By the SEC Standard Industrial Classification code each company files under, within Swoopr's S&P 500 Equal Weight company set, falling back to the two-digit major group when fewer than two companies share the exact code. Classification codes are broad, so read the peer list as a screen, not a verdict. ### How does Baker Hughes rank among all companies in its SEC industry? Among 8 SEC filers under SIC code 3533, Baker Hughes ranks 1 by latest revenue. ## References - [SEC EDGAR: Baker Hughes Co Form 10-K filed February 5, 2026](https://www.sec.gov/Archives/edgar/data/1701605/000170160526000007/bkr-20251231.htm) - [SEC EDGAR: Baker Hughes Co annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1701605&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Baker Hughes company dossier](https://www.getswoopr.com/stocks/companies/baker-hughes/) - [Baker Hughes financial metrics](https://www.getswoopr.com/stocks/companies/baker-hughes/metrics/) - [Baker Hughes financial risk indicators](https://www.getswoopr.com/stocks/companies/baker-hughes/risks/) - [Baker Hughes peer comparison](https://www.getswoopr.com/stocks/companies/baker-hughes/competitors/) - [Baker Hughes business model and revenue mix](https://www.getswoopr.com/stocks/companies/baker-hughes/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).