NYSE : BW
Babcock & Wilcox Enterprises, Inc. — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 4.27 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 636.08M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Babcock & Wilcox Enterprises, Inc. (BW) reported revenue of 834.35M 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 | 834.35M | 587.68M | 581.04M | 587.45M | 609.44M | 710.87M |
| Cost of Revenue | 669.63M | 443.82M | 454.33M | 465.98M | 464.30M | 534.75M |
| Gross Profit | 164.72M | 143.85M | 126.71M | 121.47M | 145.13M | 176.12M |
| Selling, General & Admin | 143.29M | 129.26M | 155.77M | 173.35M | 115.17M | 117.78M |
| Research & Development | 1.59M | 1.46M | 5.13M | 6.46M | 2.56M | 1.59M |
| Operating Expenses | 144.88M | 130.72M | 160.90M | 179.81M | 117.73M | 119.38M |
| Operating Income | 19.84M | 13.13M | -34.19M | -58.34M | 27.41M | 56.75M |
| Interest Expense | -24.95M | -37.53M | -46.15M | -42.56M | -39.80M | -39.52M |
| Interest & Investment Income | 2.10M | 1.49M | 650.00K | 907.00K | 586.00K | 531.00K |
| Currency Exchange Gain (Loss) | -1.15M | 135.00K | 237.00K | -2.33M | -1.02M | -4.29M |
| Other Non Operating Income (Expenses) | -65.81M | -1.45M | -1.38M | -1.16M | -1.25M | -1.77M |
| EBT Excluding Unusual Items | -69.97M | -24.23M | -80.83M | -103.47M | -14.08M | 11.69M |
| Merger & Restructuring Charges | 205.00K | -4.87M | ||||
| Gain (Loss) on Sale of Assets | -1.54M | -1.23M | 354.00K | -134.00K | 8.76M | 13.93M |
| Asset Writedown | -950.00K | -3.73M | ||||
| Other Unusual Items | 1.78M | 1.84M | -7.27M | 6.53M | ||
| Pretax Income | -69.73M | -24.57M | -91.47M | -103.61M | -5.12M | 27.29M |
| Income Tax Expense | 5.41M | 8.28M | 12.80M | 5.60M | 9.07M | -2.03M |
| Earnings From Continuing Operations | -75.15M | -32.85M | -104.27M | -109.21M | -14.19M | 29.31M |
| Earnings From Discontinued Operations | 56.80M | -3.31M | 44.36M | -88.00M | -12.40M | 2.23M |
| Net Income to Company | -18.35M | -36.16M | -59.91M | -197.21M | -26.58M | 31.54M |
| Minority Interest in Earnings | 3.72M | -644.00K | ||||
| Net Income | -18.35M | -36.16M | -59.91M | -197.21M | -22.86M | 30.89M |
| Preferred Dividends & Other Adjustments | 14.86M | 14.86M | 14.86M | 14.86M | 14.86M | 9.13M |
| Net Income to Common | -33.21M | -51.02M | -74.77M | -212.07M | -37.72M | 21.77M |
| Shares Outstanding (Basic) | 125.29M | 105.42M | 91.72M | 89.01M | 88.26M | 82.39M |
| Shares Outstanding (Diluted) | 125.29M | 105.42M | 91.72M | 89.01M | 88.26M | 83.58M |
| EPS (Basic) | -0.27 | -0.48 | -0.82 | -2.38 | -0.43 | 0.26 |
| EPS (Diluted) | -0.27 | -0.48 | -0.82 | -2.38 | -0.43 | 0.26 |
| Free Cash Flow | -58.17M | -85.66M | -129.94M | -52.07M | -43.88M | -117.88M |
| Free Cash Flow Per Share | -0.46 | -0.81 | -1.42 | -0.58 | -0.50 | -1.41 |
| Gross Margin | 19.74% | 24.48% | 21.81% | 20.68% | 23.82% | 24.78% |
| Operating Margin | 2.38% | 2.23% | -5.88% | -9.93% | 4.50% | 7.98% |
| Profit Margin | -3.98% | -8.68% | -12.87% | -36.10% | -6.19% | 3.06% |
| Free Cash Flow Margin | -6.97% | -14.58% | -22.36% | -8.86% | -7.20% | -16.58% |
| EBITDA | 30.18M | 23.27M | -17.48M | -37.34M | 51.40M | 75.08M |
| EBITDA Margin | 3.62% | 3.96% | -3.01% | -6.36% | 8.43% | 10.56% |
| D&A For EBITDA | 10.34M | 10.14M | 16.71M | 21.00M | 23.99M | 18.34M |
| EBIT | 19.84M | 13.13M | -34.19M | -58.34M | 27.41M | 56.75M |
| EBIT Margin | 2.38% | 2.23% | -5.88% | -9.93% | 4.50% | 7.98% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 308.63M | 89.46M | 23.40M | 39.86M | 76.24M | 224.87M |
| Short-Term Investments | 5.40M | 6.50M | ||||
| Cash & Short-Term Investments | 314.03M | 95.96M | 23.40M | 39.86M | 76.24M | 224.87M |
| Accounts Receivable | 272.91M | 191.19M | 170.92M | 151.73M | 276.54M | 212.24M |
| Other Receivables | 38.50M | 34.55M | ||||
| Receivables | 272.91M | 191.19M | 170.92M | 151.73M | 315.04M | 246.80M |
| Inventory | 60.98M | 60.88M | 58.30M | 97.58M | 102.64M | 79.53M |
| Restricted Cash | 39.44M | 84.99M | 94.17M | 3.91M | 15.34M | 1.84M |
| Other Current Assets | 38.08M | 37.66M | 206.69M | 204.52M | 48.36M | 29.39M |
| Total Current Assets | 725.44M | 470.68M | 553.47M | 497.59M | 557.61M | 582.43M |
| Property, Plant & Equipment | 91.27M | 83.18M | 77.76M | 95.44M | 113.25M | 115.79M |
| Long-Term Investments | 1.74M | 7.14M | 6.79M | 7.05M | 8.79M | 12.21M |
| Goodwill | 52.11M | 53.10M | 51.41M | 85.12M | 100.44M | 116.46M |
| Other Intangible Assets | 13.37M | 15.27M | 17.64M | 23.58M | 51.56M | 43.80M |
| Long-Term Accounts Receivable | 56.85M | 579.00K | 193.00K | 1.47M | 786.00K | 1.59M |
| Long-Term Deferred Tax Assets | 911.00K | 945.00K | 167.00K | 2.10M | 2.00M | |
| Other Long-Term Assets | 57.91M | 32.05M | 19.55M | 63.34M | 107.25M | 40.98M |
| Total Assets | 999.60M | 662.94M | 726.99M | 775.70M | 941.69M | 913.26M |
| Accounts Payable | 169.61M | 69.19M | 88.29M | 83.15M | 131.22M | 85.93M |
| Accrued Expenses | 41.03M | 44.50M | 31.62M | 54.47M | 64.93M | 60.81M |
| Current Portion of Long-Term Debt | 61.52M | 151.25M | 125.14M | 6.17M | 3.83M | 12.38M |
| Current Portion of Leases | 5.64M | 5.71M | 4.85M | 4.66M | 4.68M | 6.39M |
| Current Unearned Revenue | 81.50M | 111.99M | 56.38M | 59.12M | 130.94M | 68.38M |
| Other Current Liabilities | 141.00M | 4.05M | 100.38M | 142.66M | 35.93M | 19.49M |
| Total Current Liabilities | 500.30M | 386.69M | 406.65M | 350.22M | 371.53M | 253.38M |
| Long-Term Debt | 215.32M | 169.84M | 348.78M | 373.31M | 348.69M | 327.91M |
| Long-Term Leases | 39.81M | 41.87M | 42.30M | 50.08M | 53.07M | 56.05M |
| Pension & Post-Retirement Benefits | 167.69M | 176.19M | 192.66M | 172.91M | 136.18M | 182.73M |
| Long-Term Deferred Tax Liabilities | 10.45M | 10.67M | 9.80M | 10.22M | 12.06M | 1.40M |
| Other Long-Term Liabilities | 8.66M | 9.23M | 9.96M | 19.30M | 22.25M | 33.17M |
| Total Liabilities | 942.23M | 794.48M | 1.01B | 976.05M | 943.78M | 854.64M |
| Common Stock | 5.82M | 5.57M | 5.21M | 5.15M | 5.14M | 5.11M |
| Additional Paid-In Capital | 1.96B | 1.69B | 1.56B | 1.55B | 1.54B | 1.52B |
| Retained Earnings | -1.77B | -1.70B | -1.65B | -1.57B | -1.36B | -1.32B |
| Treasury Stock | -128.87M | -115.89M | -115.50M | -115.16M | -113.75M | -110.93M |
| Comprehensive Income & Other | -17.75M | -15.98M | -86.66M | -66.36M | -72.79M | -58.82M |
| Total Common Equity | 57.29M | -131.62M | -283.84M | -201.04M | -2.65M | 33.07M |
| Minority Interest | 591.00K | 611.00K | 485.00K | 25.47M | ||
| Shareholders' Equity | 57.37M | -131.54M | -283.17M | -200.35M | -2.09M | 58.62M |
| Total Liabilities & Equity | 999.60M | 662.94M | 726.99M | 775.70M | 941.69M | 913.26M |
| Total Debt | 322.29M | 368.66M | 521.07M | 434.23M | 410.27M | 402.74M |
| Net Cash (Debt) | -8.25M | -272.70M | -497.67M | -394.37M | -334.03M | -177.86M |
| Net Cash Per Share | -0.07 | -2.59 | -5.43 | -4.43 | -3.78 | -2.13 |
| Filing Date Shares Outstanding | 148.97M | 135.26M | 98.40M | 89.48M | 88.73M | 86.33M |
| Total Common Shares Outstanding | 148.96M | 127.76M | 92.76M | 87.31M | 86.83M | 86.29M |
| Working Capital | 225.14M | 83.98M | 146.81M | 147.37M | 186.08M | 329.05M |
| Book Value Per Share | 0.38 | -1.03 | -3.06 | -2.30 | -0.03 | 0.38 |
| Tangible Book Value | -8.19M | -199.98M | -352.89M | -309.74M | -154.65M | -127.19M |
| Tangible Book Value Per Share | -0.05 | -1.57 | -3.80 | -3.55 | -1.78 | -1.47 |
| Land | 1.49M | 1.49M | 1.49M | 1.45M | 2.48M | 1.49M |
| Buildings | 16.52M | 16.56M | 16.81M | 24.26M | 35.33M | 31.89M |
| Machinery | 98.19M | 100.94M | 94.80M | 125.20M | 151.61M | 144.32M |
| Construction In Progress | 33.66M | 19.52M | 13.13M | 13.78M | 11.41M | 12.48M |
| Order Backlog | 423.60M | 495.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -18.35M | -36.16M | -59.91M | -197.21M | -22.86M | 30.89M |
| Depreciation & Amortization | 10.34M | 10.14M | 16.71M | 21.00M | 23.99M | 18.34M |
| Other Amortization | 3.50M | 3.61M | 8.76M | 6.68M | 6.08M | 9.75M |
| Loss (Gain) From Sale of Assets | -71.58M | -33.21M | -58.52M | 200.00K | -8.84M | -13.98M |
| Asset Writedown & Restructuring Costs | 13.00K | 9.92M | 9.57M | 56.56M | ||
| Loss (Gain) From Sale of Investments | -2.14M | |||||
| Stock-Based Compensation | 16.13M | 2.79M | 4.69M | 8.70M | 9.98M | 7.80M |
| Provision & Write-off of Bad Debts | -6.95M | -6.44M | -1.15M | 9.04M | ||
| Other Operating Activities | 17.26M | 9.42M | 15.89M | 132.36M | 6.02M | -22.92M |
| Change in Accounts Receivable | -82.67M | 3.26M | -53.83M | 53.50M | -82.33M | -19.87M |
| Change in Inventory | -52.00K | -7.83M | -6.41M | -8.13M | -19.00M | -3.05M |
| Change in Accounts Payable | 43.23M | -57.94M | 8.14M | 12.93M | 52.68M | 7.08M |
| Change in Unearned Revenue | 21.34M | 50.70M | -3.31M | -47.26M | 62.33M | 1.64M |
| Change in Income Taxes | -4.50M | 168.00K | 9.66M | -6.31M | -248.00K | -2.14M |
| Change in Other Net Operating Assets | -17.09M | -13.99M | -53.38M | 3.67M | -53.27M | -126.96M |
| Operating Cash Flow | -34.73M | -68.89M | -118.73M | -42.27M | -30.64M | -111.20M |
| Capital Expenditures | -23.44M | -16.77M | -11.21M | -9.80M | -13.24M | -6.68M |
| Cash Acquisitions | -64.91M | -55.34M | ||||
| Divestitures | 200.12M | 216.27M | 120.91M | 5.50M | 25.39M | |
| Investment in Securities | -173.00K | -2.48M | 224.00K | 1.96M | 3.39M | 3.09M |
| Other Investing Activities | 34.00K | -102.00K | 466.00K | |||
| Investing Cash Flow | 176.50M | 197.01M | 109.96M | -7.94M | -68.80M | -33.54M |
| Long-Term Debt Issued | 84.61M | 215.62M | 252.54M | 27.36M | 324.97M | |
| Total Debt Issued | 42.14M | 84.61M | 215.62M | 252.54M | 27.36M | 324.97M |
| Long-Term Debt Repaid | -251.30M | -123.30M | -227.82M | -19.35M | -257.42M | |
| Total Debt Repaid | -257.53M | -251.30M | -123.30M | -227.82M | -19.35M | -257.42M |
| Net Debt Issued (Repaid) | -215.39M | -166.70M | 92.31M | 24.72M | 8.01M | 67.55M |
| Issuance of Common Stock | 384.44M | 130.13M | 7.94M | 160.84M | ||
| Repurchase of Common Stock | -13.37M | -386.00K | -336.00K | -1.41M | -2.82M | -4.94M |
| Preferred Dividends Paid | -18.57M | -14.86M | -18.57M | -11.14M | -14.86M | -9.13M |
| Dividends Paid | -18.57M | -14.86M | -18.57M | -11.14M | -14.86M | -9.13M |
| Other Financing Activities | -6.98M | -6.92M | -11.61M | -3.61M | -1.50M | -24.78M |
| Financing Cash Flow | 130.13M | -58.73M | 69.73M | 8.56M | -11.16M | 302.81M |
| Foreign Exchange Rate Adjustments | 119.00K | 901.00K | -1.26M | -439.00K | -2.65M | 1.22M |
| Net Cash Flow | 272.02M | 70.30M | 59.70M | -42.09M | -113.25M | 159.29M |
| Free Cash Flow | -58.17M | -85.66M | -129.94M | -52.07M | -43.88M | -117.88M |
| Free Cash Flow Margin | -6.97% | -14.58% | -22.36% | -8.86% | -7.20% | -16.58% |
| Free Cash Flow Per Share | -0.46 | -0.81 | -1.42 | -0.58 | -0.50 | -1.41 |
| Levered Free Cash Flow | 237.25M | 92.69M | -166.50M | -38.06M | 21.19M | -10.18M |
| Unlevered Free Cash Flow | 249.34M | 112.65M | -143.48M | -17.21M | 40.83M | 6.60M |
| Cash Interest Paid | 29.40M | 36.38M | 37.32M | 23.07M | 25.67M | 20.23M |
| Cash Income Tax Paid | 11.88M | 8.71M | 7.76M | 6.73M | 7.95M | 4.99M |
| Change in Working Capital | -39.74M | -25.64M | -99.13M | 8.41M | -39.83M | -143.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 606.29M | 704.37M | 154.68M | 130.48M | 511.42M | 778.07M |
| Enterprise Value | 614.54M | 1.14B | 658.22M | 517.06M | 860.28M | 944.41M |
| Last Close Price | 4.07 | 6.34 | 1.64 | 1.46 | 5.77 | 9.02 |
| PE Ratio | 35.74 | |||||
| Forward PE | 14.94 | 34.52 | 34.52 | 86.52 | 49.44 | 20.04 |
| PS Ratio | 0.73 | 1.20 | 0.27 | 0.22 | 0.84 | 1.09 |
| PB Ratio | 10.58 | -5.36 | -0.55 | -0.65 | -244.81 | 13.27 |
| PEG Ratio | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | |
| EV/Sales Ratio | 0.74 | 1.94 | 1.13 | 0.88 | 1.41 | 1.33 |
| EV/EBITDA Ratio | 20.36 | 48.87 | 16.74 | 12.58 | ||
| EV/EBIT Ratio | 30.97 | 86.59 | 31.39 | 16.64 | ||
| Debt / Equity Ratio | 5.62 | -2.80 | -1.84 | -2.17 | -196.40 | 6.87 |
| Debt / EBITDA Ratio | 8.89 | 12.44 | 6.79 | 4.74 | ||
| Net Debt / Equity Ratio | 0.14 | -2.07 | -1.76 | -1.97 | -159.90 | 3.03 |
| Net Debt / EBITDA Ratio | 0.27 | 11.72 | -28.47 | -10.56 | 6.50 | 2.37 |
| Net Debt / FCF Ratio | -0.14 | -3.18 | -3.83 | -7.57 | -7.61 | -1.51 |
| Asset Turnover | 0.98 | 0.85 | 0.77 | 0.68 | 0.66 | 0.94 |
| Inventory Turnover | 10.57 | 7.45 | 5.83 | 4.66 | 5.10 | 6.95 |
| Quick Ratio | 1.17 | 0.74 | 0.48 | 0.55 | 1.05 | 1.86 |
| Current Ratio | 1.45 | 1.22 | 1.36 | 1.42 | 1.50 | 2.30 |
| Return on Equity (ROE) | -50.19% | |||||
| Return on Assets (ROA) | 1.46% | 1.18% | -2.84% | -4.25% | 1.85% | 4.69% |
| Return on Invested Capital (ROIC) | 12.06% | 4.40% | -9.17% | -11.72% | 6.80% | 20.10% |
| Return on Capital Employed (ROCE) | 4.00% | 4.80% | -10.70% | -13.70% | 4.80% | 8.60% |
| Earnings Yield | -6.59% | -5.13% | -38.73% | -151.14% | -4.47% | 3.97% |
| FCF Yield | -9.59% | -12.16% | -84.01% | -39.91% | -8.58% | -15.15% |
| Payout Ratio | 29.54% | |||||
| Buyback Yield / Dilution | -30.85% | -14.94% | -3.04% | -0.85% | -5.59% | -71.59% |