BAKER HUGHES NORGE AS
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Score · fiscal year 2024
36of 100
How to read this: the company is ahead of 14 % of large companies in the same sector in 2024. What does this mean?
Rank: 447 of 586 · Olje og gass
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 3 and solidity 65 out of 100 among large companies in the same sector in 2024. Methodology
Against the sector
BAKER HUGHES NORGE AS is 13 points below the median for large companies in the same sector in 2024.
Median score 49 among 73 companies.
Against large companies in the same sector in 2024: operating margin −12.4% (median 9.5%) and equity ratio 39.9% (median 24.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3,887 MNOK | 2,721 MNOK |
| Operating margin | −12.4% | 9.5% |
| Profit margin | −32.1% | 10.4% |
| Return on assets | −4.7% | 16.7% |
| Equity ratio | 39.9% | 24.7% |
| Debt-to-equity | 1.50 | 2.92 |
| Current ratio | 1.17 | 1.16 |
| Revenue growth | −6.8% | 7.3% |
| Revenue per employee | 3.23 MNOK | 4.73 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 36, BAKER HUGHES NORGE AS does better than 14% of large companies in the same sector (73 companies) in 2024.
Score 2022–2024
- BAKER HUGHES NORGE AS
- Median: large companies in the same sector
What the numbers say
BAKER HUGHES NORGE AS had an operating margin of −12.4% and an equity ratio of 39.9% in 2024, and ranks 447 of 586 in Olje og gass.
From 2023 to 2024: the operating margin fell from −3.4% to −12.4% and the equity ratio fell from 54.1% to 39.9%.
BAKER HUGHES NORGE AS did weaker than the sector in 2022, the sector's weakest year.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 2,744 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 2,744 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −32.1% (median 10.4%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −12.4% (median 9.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
The operating margin was −16.5% in 2022 (sector median 1.5%), and the equity ratio 75.4%. The company had a loss before tax that year. In the other years the operating margin averaged −7.9%.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 3 | weight 30% |
|---|---|---|
| Solidity | 65 | weight 25% |
| Liquidity | 51 | weight 15% |
| Growth | 22 | weight 15% |
| Consistency | 50 | weight 15% |
Durability: 47 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is BAKER HUGHES NORGE AS?
The operating margin was −12.4% in 2024, against a median of 9.5% among large companies in the same sector. Return on assets was −4.7%. The company made a loss before tax.
How solid is BAKER HUGHES NORGE AS?
The equity ratio was 39.9% in 2024 (median 24.7%). Debt-to-equity was 1.50 (median 2.92).
What is the liquidity of BAKER HUGHES NORGE AS like?
The current ratio was 1.17 in 2024 (median 1.16).
How does BAKER HUGHES NORGE AS compare in Olje og gass?
BAKER HUGHES NORGE AS ranks 447 of 586 in Olje og gass for 2024. Among companies of the same size (large companies) it ranks 63 of 73. Revenue changed by −6.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 980353273
- Legal form
- AS
- Sector
- Olje og gass (09.101)
- Size tier
- large
- Employees
- 1,203 registered 10 October 2026
- Founded
- 26 November 1998 27 years in operation
- Share capital
- 0.21 MNOK
- Business address
- Kontinentalvegen 8, 4056 TANANGER (SOLA)
- Municipality
- Sola rank 2 of 27 in KOSTRA group 9
- Latest accounts filed
- 2024
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Tom Huuse
- Chair of the board
- Tom Huuse
- Board member
- Atle Bertelsen
- Board member
- Bjørn Enes
- Board member
- Cecilia Maria Therese Bruszt
- Board member
- Arne Emil Wathne
- Board member
- Ingelinn Aarnes
- Board member
- Ashish Goel
- Deputy member
- Kjell Magne Grønås
- Deputy member
- Ivar Øiumshaugen
- Deputy member
- Rein Atle Edland
- Auditor
- KPMG AS
- Accountant
- PWC TAX SERVICES AS
Source: Central Coordinating Register, fetched 25 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | 63 | 44 | 36 | |
| Rank | 6 | 335 | 447 | |
| Operating margin | −16.5% | −3.4% | −12.4% | |
| Return on assets | −11.1% | −0.2% | −4.7% | |
| Equity ratio | 75.4% | 54.1% | 39.9% | |
| Current ratio | 3.18 | 1.37 | 1.17 | |
| Revenue growth | – | 14.7% | −6.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 3,636.5 MNOK | 4,170.2 MNOK | 3,887.1 MNOK |
| Operating profit | −600.1 MNOK | −140.1 MNOK | −482.1 MNOK |
| Profit before tax | −647.4 MNOK | −117.5 MNOK | −1,247.5 MNOK |
| Net profit | −505.8 MNOK | −93.1 MNOK | −1,143.6 MNOK |
| Financial expenses | 92.2 MNOK | 105.9 MNOK | 923.0 MNOK |
| Total assets | 5,003.5 MNOK | 7,402.0 MNOK | 6,870.2 MNOK |
| Current assets | 3,900.7 MNOK | 4,653.5 MNOK | 4,809.0 MNOK |
| Equity | 3,771.7 MNOK | 4,004.1 MNOK | 2,743.7 MNOK |
| Retained earnings | 3,771.5 MNOK | 3,678.4 MNOK | 2,301.0 MNOK |
| Total liabilities | 1,231.8 MNOK | 3,397.9 MNOK | 4,126.5 MNOK |
| Current liabilities | 1,225.2 MNOK | 3,393.6 MNOK | 4,123.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6357005.
Further
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