NASDAQ : BWEN
Broadwind, Inc. — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 3.17 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 74.99M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Broadwind, Inc. (BWEN) reported revenue of 170.91M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 170.91M | 158.05M | 143.14M | 203.48M | 176.76M | 145.62M |
| Cost of Revenue | 150.69M | 141.92M | 121.95M | 170.97M | 166.05M | 140.11M |
| Gross Profit | 20.22M | 16.13M | 21.19M | 32.51M | 10.71M | 5.51M |
| Selling, General & Admin | 16.32M | 15.02M | 16.30M | 20.70M | 16.59M | 17.37M |
| Amortization of Goodwill & Intangibles | 552.00K | 661.00K | 661.00K | 664.00K | 725.00K | 733.00K |
| Operating Expenses | 16.88M | 15.68M | 16.96M | 21.37M | 17.32M | 18.11M |
| Operating Income | 3.35M | 451.00K | 4.22M | 11.14M | -6.61M | -12.59M |
| Interest Expense | -3.29M | -3.39M | -3.08M | -3.20M | -3.22M | -1.13M |
| Other Non Operating Income (Expenses) | 78.00K | 64.00K | 79.00K | -48.00K | 130.00K | 479.00K |
| EBT Excluding Unusual Items | 133.00K | -2.87M | 1.23M | 7.89M | -9.70M | -13.24M |
| Gain (Loss) on Sale of Assets | 8.20M | 8.20M | ||||
| Other Unusual Items | 16.12M | |||||
| Pretax Income | 8.33M | 5.33M | 1.23M | 7.89M | -9.70M | 2.87M |
| Income Tax Expense | 146.00K | 87.00K | 74.00K | 241.00K | 35.00K | 25.00K |
| Earnings From Continuing Operations | 8.19M | 5.24M | 1.15M | 7.65M | -9.73M | 2.85M |
| Earnings From Discontinued Operations | -2.72M | |||||
| Net Income | 5.47M | 5.24M | 1.15M | 7.65M | -9.73M | 2.85M |
| Net Income to Common | 5.47M | 5.24M | 1.15M | 7.65M | -9.73M | 2.85M |
| Shares Outstanding (Basic) | 23.30M | 22.87M | 21.90M | 21.19M | 20.30M | 18.73M |
| Shares Outstanding (Diluted) | 23.40M | 22.98M | 21.97M | 21.49M | 20.30M | 19.39M |
| EPS (Basic) | 0.23 | 0.23 | 0.05 | 0.36 | -0.48 | 0.15 |
| EPS (Diluted) | 0.23 | 0.23 | 0.05 | 0.36 | -0.48 | 0.15 |
| Free Cash Flow | 7.03M | -19.02M | 10.19M | -13.35M | 13.54M | -14.53M |
| Free Cash Flow Per Share | 0.30 | -0.83 | 0.46 | -0.62 | 0.67 | -0.75 |
| Gross Margin | 11.83% | 10.21% | 14.80% | 15.98% | 6.06% | 3.78% |
| Operating Margin | 1.96% | 0.29% | 2.95% | 5.47% | -3.74% | -8.65% |
| Profit Margin | 3.20% | 3.32% | 0.80% | 3.76% | -5.50% | 1.96% |
| Free Cash Flow Margin | 4.12% | -12.03% | 7.12% | -6.56% | 7.66% | -9.98% |
| EBITDA | 9.70M | 6.76M | 10.91M | 17.52M | -547.00K | -6.26M |
| EBITDA Margin | 5.68% | 4.28% | 7.62% | 8.61% | -0.31% | -4.30% |
| D&A For EBITDA | 6.36M | 6.31M | 6.68M | 6.38M | 6.06M | 6.34M |
| EBIT | 3.35M | 451.00K | 4.22M | 11.14M | -6.61M | -12.59M |
| EBIT Margin | 1.96% | 0.29% | 2.95% | 5.47% | -3.74% | -8.65% |
| Effective Tax Rate | 1.75% | 1.63% | 6.04% | 3.05% | 0.87% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 17.04M | 456.00K | 7.72M | 1.10M | 12.73M | 852.00K |
| Cash & Short-Term Investments | 17.04M | 456.00K | 7.72M | 1.10M | 12.73M | 852.00K |
| Accounts Receivable | 16.99M | 16.74M | 14.29M | 20.69M | 18.97M | 14.94M |
| Other Receivables | 2.56M | 2.53M | 7.05M | 497.00K | ||
| Receivables | 16.99M | 19.30M | 16.82M | 27.74M | 18.97M | 15.44M |
| Inventory | 28.20M | 42.01M | 39.95M | 37.41M | 44.26M | 33.38M |
| Prepaid Expenses | 1.60M | 2.50M | 2.37M | 3.50M | 3.29M | 2.66M |
| Other Current Assets | 13.15M | |||||
| Total Current Assets | 76.98M | 64.27M | 66.87M | 69.75M | 79.26M | 52.33M |
| Property, Plant & Equipment | 34.27M | 51.36M | 59.41M | 62.72M | 61.72M | 61.68M |
| Other Intangible Assets | 519.00K | 741.00K | 1.40M | 2.06M | 2.73M | 3.45M |
| Long-Term Deferred Charges | 118.00K | 165.00K | 269.00K | 359.00K | 414.00K | |
| Other Long-Term Assets | 279.00K | 276.00K | 337.00K | 271.00K | 425.00K | 585.00K |
| Total Assets | 112.17M | 116.81M | 128.29M | 135.16M | 144.54M | 118.05M |
| Accounts Payable | 11.09M | 17.36M | 16.08M | 20.73M | 26.25M | 16.46M |
| Accrued Expenses | 3.08M | 2.03M | 3.30M | 5.90M | 4.14M | 3.50M |
| Short-Term Debt | 3.90M | 4.66M | ||||
| Current Portion of Long-Term Debt | 781.00K | 1.14M | 1.45M | 1.25M | 1.17M | 6.68M |
| Current Portion of Leases | 2.97M | 4.42M | 4.38M | 4.00M | 3.89M | 3.83M |
| Current Income Taxes Payable | 125.00K | 69.00K | 137.00K | 254.00K | 26.00K | 1.00K |
| Current Unearned Revenue | 1.20M | 2.69M | 18.04M | 16.50M | 34.55M | 12.08M |
| Other Current Liabilities | 9.03M | 84.00K | 167.00K | 322.00K | 149.00K | 125.00K |
| Total Current Liabilities | 28.28M | 31.68M | 43.56M | 53.61M | 70.18M | 42.68M |
| Long-Term Debt | 2.52M | 5.09M | 7.74M | 6.25M | 7.14M | 177.00K |
| Long-Term Leases | 15.57M | 13.73M | 17.58M | 19.26M | 20.92M | 20.89M |
| Other Long-Term Liabilities | 4.00K | 15.00K | 15.00K | 26.00K | 167.00K | |
| Total Liabilities | 46.37M | 50.52M | 68.89M | 79.14M | 98.27M | 63.91M |
| Common Stock | 24.00K | 24.00K | 23.00K | 22.00K | 21.00K | 20.00K |
| Additional Paid-In Capital | 403.86M | 403.21M | 401.56M | 399.34M | 397.24M | 395.37M |
| Retained Earnings | -336.24M | -335.10M | -340.35M | -341.50M | -349.15M | -339.42M |
| Treasury Stock | -1.84M | -1.84M | -1.84M | -1.84M | -1.84M | -1.84M |
| Shareholders' Equity | 65.81M | 66.29M | 59.40M | 56.02M | 46.27M | 54.13M |
| Total Liabilities & Equity | 112.17M | 116.81M | 128.29M | 135.16M | 144.54M | 118.05M |
| Total Debt | 21.84M | 28.28M | 31.15M | 35.42M | 33.12M | 31.57M |
| Net Cash (Debt) | -4.79M | -27.82M | -23.43M | -34.32M | -20.39M | -30.72M |
| Net Cash Per Share | -0.20 | -1.21 | -1.07 | -1.60 | -1.00 | -1.58 |
| Filing Date Shares Outstanding | 23.66M | 23.31M | 22.32M | 21.57M | 20.85M | 19.59M |
| Total Common Shares Outstanding | 23.66M | 23.31M | 22.32M | 21.57M | 20.85M | 19.59M |
| Working Capital | 48.71M | 32.58M | 23.31M | 16.13M | 9.08M | 9.64M |
| Book Value Per Share | 2.78 | 2.84 | 2.66 | 2.60 | 2.22 | 2.76 |
| Tangible Book Value | 65.29M | 65.55M | 58.00M | 53.95M | 43.55M | 50.68M |
| Tangible Book Value Per Share | 2.76 | 2.81 | 2.60 | 2.50 | 2.09 | 2.59 |
| Land | 1.42M | 1.42M | 1.42M | 1.42M | 1.42M | |
| Buildings | 21.44M | 22.72M | 22.11M | 20.79M | 20.78M | |
| Machinery | 108.62M | 134.32M | 131.07M | 126.60M | 122.20M | |
| Construction In Progress | 1.12M | 836.00K | 3.53M | 2.36M | 677.00K | |
| Leasehold Improvements | 6.70M | 9.11M | 9.07M | 9.04M | 8.94M | |
| Order Backlog | 95.84M | 125.45M | 183.09M | 297.20M | 106.38M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 5.47M | 5.24M | 1.15M | 7.65M | -9.73M | 2.85M |
| Depreciation & Amortization | 6.36M | 6.31M | 6.68M | 6.38M | 6.06M | 6.34M |
| Loss (Gain) From Sale of Assets | -8.28M | -8.20M | -114.00K | 42.00K | 3.00K | -33.00K |
| Loss (Gain) From Sale of Investments | -27.00K | 23.00K | ||||
| Stock-Based Compensation | 1.60M | 1.90M | 2.36M | 2.21M | 2.19M | 2.73M |
| Provision & Write-off of Bad Debts | 106.00K | 103.00K | -5.00K | 82.00K | -30.00K | -426.00K |
| Other Operating Activities | 2.74M | -10.00K | -10.00K | -13.00K | -9.15M | |
| Change in Accounts Receivable | -7.98M | -2.55M | 6.41M | -1.80M | -4.01M | 3.08M |
| Change in Inventory | -978.00K | -2.48M | -2.54M | 6.86M | -10.88M | -6.65M |
| Change in Accounts Payable | 2.66M | 1.36M | -4.39M | -6.01M | 9.93M | -1.74M |
| Change in Unearned Revenue | -14.00M | -15.35M | 1.54M | -18.05M | 22.47M | -6.74M |
| Change in Other Net Operating Assets | -424.00K | -1.72M | 2.72M | -4.30M | 689.00K | -3.11M |
| Operating Cash Flow | 13.46M | -15.38M | 13.81M | -6.95M | 16.64M | -12.83M |
| Capital Expenditures | -6.43M | -3.63M | -3.62M | -6.41M | -3.10M | -1.71M |
| Sale of Property, Plant & Equipment | 89.00K | 159.00K | 21.00K | 33.00K | ||
| Divestitures | 12.52M | 12.52M | ||||
| Other Investing Activities | 18.70M | |||||
| Investing Cash Flow | 24.88M | 8.89M | -3.46M | -6.38M | -3.10M | -1.67M |
| Short-Term Debt Issued | 3.90M | 4.71M | 5.11M | |||
| Long-Term Debt Issued | 4.11M | 1.06M | 8.11M | 817.00K | ||
| Total Debt Issued | -13.73M | 3.90M | 4.11M | 5.76M | 8.11M | 5.92M |
| Short-Term Debt Repaid | -4.64M | |||||
| Long-Term Debt Repaid | -4.42M | -3.04M | -3.28M | -9.01M | -1.83M | |
| Total Debt Repaid | -9.57M | -4.42M | -7.68M | -3.28M | -9.01M | -1.83M |
| Net Debt Issued (Repaid) | -23.30M | -516.00K | -3.58M | 2.48M | -894.00K | 4.09M |
| Issuance of Common Stock | 323.00K | 9.72M | ||||
| Repurchase of Common Stock | -209.00K | -256.00K | -130.00K | -735.00K | -549.00K | -1.42M |
| Other Financing Activities | 1.17M | -20.00K | -48.00K | -545.00K | -411.00K | |
| Financing Cash Flow | -22.34M | -772.00K | -3.73M | 1.70M | -1.67M | 11.98M |
| Miscellaneous Cash Flow Adjustments | -340.00K | |||||
| Net Cash Flow | 15.66M | -7.26M | 6.62M | -11.63M | 11.88M | -2.52M |
| Free Cash Flow | 7.03M | -19.02M | 10.19M | -13.35M | 13.54M | -14.53M |
| Free Cash Flow Margin | 4.12% | -12.03% | 7.12% | -6.56% | 7.66% | -9.98% |
| Free Cash Flow Per Share | 0.30 | -0.83 | 0.46 | -0.62 | 0.67 | -0.75 |
| Levered Free Cash Flow | 15.04M | -17.41M | 9.66M | -16.38M | 17.58M | -16.31M |
| Unlevered Free Cash Flow | 17.09M | -15.29M | 11.58M | -14.38M | 19.59M | -15.61M |
| Cash Interest Paid | 1.43M | 1.43M | 1.55M | 2.07M | 1.64M | 741.00K |
| Cash Income Tax Paid | 164.00K | 164.00K | 192.00K | 17.00K | 23.00K | 102.00K |
| Change in Working Capital | -20.73M | -20.73M | 3.73M | -23.30M | 18.19M | -15.15M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 68.84M | 65.66M | 41.57M | 59.33M | 37.01M | 36.63M |
| Enterprise Value | 73.64M | 91.28M | 79.94M | 106.39M | 83.51M | 65.26M |
| Last Close Price | 2.91 | 2.83 | 1.88 | 2.77 | 1.79 | 1.88 |
| PE Ratio | 12.40 | 12.53 | 36.09 | 7.76 | 12.86 | |
| Forward PE | 24.61 | 35.87 | 53.52 | 35.71 | 35.71 | |
| PS Ratio | 0.40 | 0.41 | 0.29 | 0.29 | 0.21 | 0.25 |
| PB Ratio | 1.05 | 0.99 | 0.70 | 1.06 | 0.80 | 0.68 |
| P/TBV Ratio | 1.05 | 1.00 | 0.72 | 1.10 | 0.85 | 0.72 |
| P/FCF Ratio | 9.79 | 4.08 | 2.73 | |||
| P/OCF Ratio | 5.11 | 3.01 | 2.22 | |||
| PEG Ratio | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 | |
| EV/Sales Ratio | 0.43 | 0.58 | 0.56 | 0.52 | 0.47 | 0.45 |
| EV/EBITDA Ratio | 7.59 | 13.50 | 7.33 | 6.07 | ||
| EV/EBIT Ratio | 22.01 | 202.39 | 18.92 | 9.55 | ||
| EV/FCF Ratio | 10.47 | 7.85 | 6.17 | |||
| Debt / Equity Ratio | 0.33 | 0.43 | 0.52 | 0.63 | 0.72 | 0.58 |
| Debt / EBITDA Ratio | 1.57 | 2.67 | 2.06 | 1.63 | 8.94 | |
| Debt / FCF Ratio | 3.10 | 3.06 | 2.44 | |||
| Net Debt / Equity Ratio | 0.07 | 0.42 | 0.39 | 0.61 | 0.44 | 0.57 |
| Net Debt / EBITDA Ratio | 0.49 | 4.12 | 2.15 | 1.96 | -37.28 | -4.91 |
| Net Debt / FCF Ratio | 0.68 | -1.46 | 2.30 | -2.57 | 1.50 | -2.11 |
| Asset Turnover | 1.41 | 1.29 | 1.09 | 1.46 | 1.35 | 1.23 |
| Inventory Turnover | 3.78 | 3.46 | 3.15 | 4.19 | 4.28 | 4.66 |
| Quick Ratio | 1.20 | 0.62 | 0.56 | 0.54 | 0.45 | 0.38 |
| Current Ratio | 2.72 | 2.03 | 1.53 | 1.30 | 1.13 | 1.23 |
| Return on Equity (ROE) | 13.12% | 8.34% | 2.00% | 14.95% | -19.38% | 6.01% |
| Return on Assets (ROA) | 1.72% | 0.23% | 2.00% | 4.98% | -3.15% | -6.62% |
| Return on Invested Capital (ROIC) | 4.01% | 0.50% | 4.58% | 13.76% | -8.72% | -15.81% |
| Return on Capital Employed (ROCE) | 4.00% | 0.50% | 5.00% | 13.70% | -8.90% | -16.70% |
| Earnings Yield | 8.06% | 7.98% | 2.77% | 12.89% | -26.29% | 7.77% |
| FCF Yield | 10.22% | -28.96% | 24.50% | -22.50% | 36.60% | -39.68% |
| Buyback Yield / Dilution | -4.78% | -4.57% | -2.25% | -5.88% | -4.69% | -15.78% |