• Baker Hughes average pre-tax profit margin for 2023 was 7.8%, a 226.36% increase from 2022.
• Baker Hughes average pre-tax profit margin for 2022 was 2.39%, a 30.92% increase from 2021.
• Baker Hughes average pre-tax profit margin for 2021 was 3.46%, a 104.84% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.