Baker Hughes Gross Margin 2010-2024 | BKR
- Baker Hughes average gross margin for 2023 was 20.85%, a 1.76% increase from 2022.
- Baker Hughes average gross margin for 2022 was 20.49%, a 12.89% increase from 2021.
- Baker Hughes average gross margin for 2021 was 18.15%, a 9.14% increase from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.