BKR vs SEI: Baker Hughes and Solaris Energy Infrastructure compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Baker Hughes is the larger company, worth $55.1B, about 8.3 times Solaris Energy Infrastructure.
- Solaris Energy Infrastructure grew revenue faster over the last year (+30.0% vs -2.4%).
- On earnings, Baker Hughes is the cheaper stock (17.8x vs 85.0x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | BKR | SEI |
|---|---|---|
| Market cap | $55.1B | $6.7B |
| Share price | $56.70 | $76.40 |
| Revenue (last fiscal year) | $27.7B | $622M |
| Free cash flow (last fiscal year) | $2.5B | -$438M |
| Revenue growth, last year | -2.4% | +30.0% |
| Revenue growth per year, last 5 fiscal years | +7.8% | +43.7% |
| Operating margin | — | 33.5% |
| Net margin | 11.2% | 9.9% |
| Return on equity | 15.6% | 6.1% |
| P/E (trailing) | 17.8x | 85.0x |
| Price / free cash flow | 21.7x | — |
| EV / EBITDA | 11.7x | 23.0x |
| FCF growth the price implies | 6.1% | — |
| Dividend yield | 1.6% | 0.62% |
| Debt / equity | 1.63x | 3.38x |
| Fundamental grade | C | C |
| Superinvestors holding it | 6 | 3 |
| Insider purchases, last 12 months | 2 | 3 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Baker Hughes
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $20.5B | $1.5B | 6.4% |
| 2022 | $21.2B | $899M | 5.6% |
| 2023 | $25.5B | $1.8B | 9.1% |
| 2024 | $27.8B | $2.1B | 11.1% |
| 2025 | $27.7B | $2.5B | — |
Solaris Energy Infrastructure
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $146M | -$3M | -0.27% |
| 2022 | $300M | -$13M | 13.9% |
| 2023 | $293M | $25M | 17.0% |
| 2024 | $313M | -$129M | 16.9% |
| 2025 | $622M | -$438M | 21.8% |
Where the revenue comes from
Baker Hughes · by segments, 2025
Oilfield Services & Equipment$14.3B52%
Industrial & Energy Technology$13.4B48%
Solaris Energy Infrastructure · by segments, 2025
Solaris Power Solutions$334M54%
Solaris Logistics Solutions$289M46%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open BKR in InvestinglyQuestions
Which is bigger, Baker Hughes or Solaris Energy Infrastructure?
Baker Hughes (BKR), at $55.1B against $6.7B.
Is BKR or SEI cheaper?
By trailing P/E, Baker Hughes (17.8x) is cheaper than Solaris Energy Infrastructure (85.0x). A lower multiple can also mean the market expects less growth.
Which grows faster, BKR or SEI?
Solaris Energy Infrastructure: revenue grew +30.0% over the last year, against -2.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.