Baker Hughes Company BKR

Competitive advantage analysis · energy

Corporate Default
Overall moat score
66/100
Moderate

About Baker Hughes Company

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain. Its Oilfield Services & Equipment segment designs and manufactures exploration, appraisal, development, production, rejuvenation, and decommissioning products and related services for onshore and offshore oilfield operations. This segment also provides drilling services, drill bits, and drilling and completions fluids; completions, intervention, measurements, pressure pumping, … Full BKR analysis →

Competitive advantage assessment

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.96), demonstrating pricing resilience across cycles.
  • ROIC Sustainably Above Peers ROIC at 87.2th percentile exceeds peers and WACC, demonstrating superior capital allocation.

Key risks

  • Liquidity Concerns Liquidity is concerning (score 0.28), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
75

Where BKR ranks in Oil & Gas Equipment & Services

Baker Hughes Company ranks #10 of 50 scored companies in Oil & Gas Equipment & Services by moat score — the top 20%. The widest moat in the group is Cactus, Inc. Class A Common Sto (WHD) at 78/100.

Moat scores for companies ranked near BKR in Oil & Gas Equipment & Services
# Company Moat score Rating
6 Schlumberger N.V. SLB 69/100 Moderate
7 Tidewater Inc. TDW 69/100 Moderate
8 Tenaris S.A. TS 68/100 Moderate
9 Flowco Holdings Inc. FLOC 67/100 Moderate
10 Baker Hughes Company BKR 66/100 Moderate
11 Kodiak Gas Services, Inc. KGS 65/100 Moderate
12 Weatherford International plc WFRD 65/100 Moderate
13 Innovex International, Inc. INVX 64/100 Moderate
14 Oceaneering International, Inc. OII 64/100 Moderate

See every Commodities & Mining company ranked by moat score →

How BKR scores on the Corporate Default defenses

Pricing Power

Score 75 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 70 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 70 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 74 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 54 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 53 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding BKR's moat

What is Baker Hughes Company's moat score?

Baker Hughes Company (BKR) scores 66 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #10 of 50 scored companies in Oil & Gas Equipment & Services, the top 20%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 49 companies in Oil & Gas Equipment & Services. Its strongest defense is Pricing Power (75/100) and its weakest is Scale & Market Position (53/100).

How does Baker Hughes Company compare with other Oil & Gas Equipment & Services companies?

Baker Hughes Company ranks #10 of 50 scored companies in Oil & Gas Equipment & Services by moat score. The widest moat in Oil & Gas Equipment & Services is Cactus, Inc. Class A Common Sto (WHD) at 78/100. The companies ranked closest are Flowco Holdings Inc. (FLOC) at 67 just above it and Kodiak Gas Services, Inc. (KGS) at 65 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 49 companies in Oil & Gas Equipment & Services. The defenses are then weighted to produce the overall score out of 100.

Why is Baker Hughes Company scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Baker Hughes Company?

The Corporate Default template measures 6 defenses, and BKR scores: Pricing Power (75), Cost Advantage (70), Customer Stickiness (70), Capital Efficiency (74), Resilience (54), Scale & Market Position (53). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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