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Babcock & Wilcox Enterprises, Inc. (BW)

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Babcock & Wilcox Enterprises, Inc. (BW) reported revenue of $320 million for Q2 FY2026, the quarter ended 30 June 2026, up 130.3% on the same quarter a year earlier. Net income was $14 million, and diluted earnings per share $0.07. The figures are the company's own, from the 10-Q it filed with the SEC on 10 August 2026.

Revenue$320 millionup 130.3%
Net income$14 million
Diluted EPS$0.07
QuarterQ2 FY2026ended 30 June 2026

Babcock & Wilcox Enterprises (BW) in brief

Babcock & Wilcox Enterprises (BW) reported revenue of $588 million for fiscal 2025, the year ended 31 December 2025, up 1.1% on the year before.
Read moreNet loss was $36 million and the diluted loss per share $0.48. Revenue was $581 million in fiscal 2024, $587 million in fiscal 2023, $609 million in fiscal 2022 and $711 million in fiscal 2021. Net income in the same years was a loss of $60 million, a loss of $197 million, a loss of $23 million and $31 million. Revenue grew 0.7% a year, compounded, over the five years to fiscal 2025. Babcock & Wilcox Enterprises had 149 million shares outstanding at the latest filed count. At 30 June 2026 it carried $277 million of debt and $309 million of cash. At the close of 29 October 2026 the market cap of Babcock & Wilcox Enterprises was $680 million.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating marginn/a
Net marginn/a
FCF marginn/a
Interest covern/a
Debt to equity4.83
Cash conversionn/a
Share count, last 12 months50.2%
Sales CAGR, 3 years-1.2%
Profit CAGR, 3 yearsn/a
EPS, TTMn/a

At the close of 29 October 2026

Price$4.57
Market cap$680 million
Stock P/En/a
Price to book11.85
EV / EBITDAn/a
Dividend yieldn/a
Market cap / salesn/a
52-week high$21.85
52-week low$3.30
Price, 1 year38.3%
Price CAGR, 3 years22.6%
Price CAGR, 5 years-7.7%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Babcock & Wilcox Enterprises, Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
BWgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on BW

Dividendsno dividend in its filings for fiscal 2013 onward
Filings34 in twelve months: 21 current reports (8-K), about 11 regulation FD disclosure; 7 other events; 5 material agreement; 4 results of operations; 4 officer or director change
Planned insider sales2 Form 144 notices in twelve months, $4.0 million; latest 12 August 2026
Options tapeput/call 0.13 by open interest at the 29 October 2026 close; the straddle prices a 24.0% move to 20 November 2026
13F holders200 funds reported a position for the quarter to 30 June 2026; largest BRC Group Holdings, Inc.
Insider trading1 sale and 7 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest17.1 million shares short, 3.12 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022 †Q4 FY2022 *Q1 FY2023 †Q2 FY2023 †Q3 FY2023 †Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 *Q1 FY2025 †Q2 FY2025 †Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue16019220422121225024129223919816415115366.3149139149n/a214320
Cost of revenue11513916317316419218922818614112611811742.012197.4112n/a171273
Gross profit45.353.341.047.747.458.251.963.253.456.338.833.136.124.227.841.537.1n/a43.546.6
Gross margin28%28%20%22%22%23%22%22%22%28%24%22%24%37%19%30%25%n/a20%15%
SG&A38.242.543.045.047.651.248.049.845.741.532.236.633.36.428.333.329.8n/a44.433.7
Operating income14.89.7-6.83.7-2.79.31.312.45.56.05.7-4.41.6-20.0-1.87.06.5n/a-1.711.8
Operating margin9%5%-3%2%-1%4%1%4%2%3%3%-3%1%-30%-1%5%4%n/a-1%4%
Interest expense8.38.811.310.711.111.712.711.213.412.612.812.010.1n/a11.011.08.5n/a4.45.0
Pre-tax income13.921.3-7.5-4.3-7.811.9-12.22.5-12.6-42.4-11.9-15.9-8.4-65.3-13.7-3.4-1.3n/a-75.513.2
Tax rate2%-42%n/an/an/a53%n/a76%n/an/an/an/an/an/an/an/an/an/an/a-8%
Net income13.629.6-8.3-2.6-17.85.7-12.5-5.1-117-62.7-16.825.4-5.3-63.1-22.0-58.535.1n/a-76.914.3
Net margin9%15%-4%-1%-8%2%-5%-2%-49%-32%-10%17%-3%-95%-15%-42%24%n/a-36%4%
Diluted EPS$0.11$0.30-$0.14-$0.07-$0.24$0.02-$0.18-$0.10-$1.35-$0.74-$0.23$0.24-$0.10-$0.71-$0.26-$0.63$0.30n/a-$0.60$0.07
Operating cash flow-21.8-3.4-42.0-21.6-3.836.7-12.9-9.4-28.28.2-14.9-11.6-69.7-22.5-8.5-25.3-32.1n/a17.8-17.4
Capital expenditure2.02.51.01.76.24.32.23.45.0n/a3.44.62.21.14.32.75.5n/a7.16.6
Free cash flow-23.8-5.8-43.0-23.3-10.032.5-15.1-12.8-33.2n/a-18.3-16.2-71.8-23.6-12.8-28.1-37.6n/a10.7-24.0
Buybacks1.60.10.20.02.60.00.10.01.30.00.00.00.30.1n/an/a0.4n/an/an/a
Shares outstanding86m86m86m86m89m89m89m89m89m89m89m92m92m95m98m99m111m130m136m149m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A fourth quarter left blank is one the arithmetic cannot give yet: the annual report changed the basis of the year (a business sold or spun off, a line regrouped), so the year less the three quarters as first filed would not be a quarter of anything. It fills in once the three quarters have been refiled on the new basis. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 13 fiscal years and the trailing twelve months

FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Revenue1,7681,4861,7571,4211,3411,062859566711609587581588n/a
Cost of revenue1,3311,2671,4491,2831,3171,192699400536464466454444n/a
Gross profit436-21930813824.2-130160166175145121127144n/a
Gross margin24.7%-14.7%17.5%9.7%1.8%-12.2%18.7%29.3%24.6%23.8%20.7%21.8%24.5%n/a
Research and development21.018.516.58.87.63.82.94.41.63.8n/an/an/an/a
Selling, general and administrative204225240217221205151142152153135125119n/a
Operating income210-38.021.9-110-316-427-29.4-1.719.4-1.2-20.1-6.320.7n/a
Operating margin11.9%-2.6%1.2%-7.7%-23.6%-40.2%-3.4%-0.3%2.7%-0.2%-3.4%-1.1%3.5%n/a
Interest expense0.50.52.33.725.949.694.959.839.539.842.646.137.5n/a
Pre-tax income212-36.620.2-120-318-556-124-3.927.3-5.1-104-91.5-24.6n/a
Income tax72.0-24.73.72.763.71025.38.2-2.09.15.612.88.3n/a
Effective tax rate33.9%n/a18.2%n/an/an/an/an/a-7.4%n/an/an/an/an/a
Net income175-26.519.1-116-380-725-122-10.330.9-22.9-197-59.9-36.2n/a
Net margin9.9%-1.8%1.1%-8.1%-28.3%-68.3%-14.2%-1.8%4.3%-3.8%-33.6%-10.3%-6.2%n/a
Diluted EPS$3.10-$0.49$0.36-$2.31-$8.09-$5.70-$3.87-$0.21$0.26-$0.43-$2.38-$0.82-$0.48n/a
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
United States42138841871.1%
Canada80.969.990.615.4%
Aggregate of all other countries, each with less than $10 million in revenues36.049.636.46.2%
ID11.513.216.32.8%
United Kingdom35.749.715.52.6%
Philippines2.510.510.91.9%
United StatesCanadaAggregate of all other countries, each with less than $10 million in revenuesIDUnited KingdomPhilippines
587FY2023581FY2024588FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Operating cash flow-12.3-24.41452.3-190-282-176-40.8-111-30.6-42.3-119-68.9n/a
Capital expenditure11.615.535.422.414.35.53.88.26.713.29.811.216.8n/a
Free cash flow-23.9-39.9110-20.2-204-287-180-49.0-118-43.9-52.1-130-85.7n/a
Free cash flow margin-1.4%-2.7%6.2%-1.4%-15.2%-27.0%-21.0%-8.7%-16.6%-7.2%-8.9%-22.4%-14.6%n/a
Cash from investingn/an/an/a-190-63.91798.82.2-33.5-68.8-7.9110197n/a
Cash from financingn/an/an/a-83.420682.616744.1303-11.28.669.7-58.7n/a
Depreciation and amortisation23.032.434.939.640.132.023.616.818.324.021.016.710.1n/a
Share-based compensation-0.2-0.07.8n/an/an/an/an/an/an/an/an/an/an/a
Buybacks0.00.025.478.41.00.80.10.34.92.81.40.30.4n/a
Diluted shares, weighted56m54m54m50m47mn/a32m49m84m88m89m92m105m155m
Shares outstanding at period endn/an/an/an/a44m169m46m54m86m89m89m95m130m149m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity526686748552182-286-296-33233.1-2.6-201-284-13257.4
Non-controlling interestn/a1.00.78.88.68.81.41.125.50.50.60.60.0n/a
Short-term borrowingsn/a3.22.0n/an/an/an/an/an/an/an/an/an/an/a
Debtn/an/an/an/a0.030.6n/a348340353379474321277
Operating lease liabilitiesn/an/an/an/an/a0.08.47.026.725.623.913.815.114.0
Finance lease liabilitiesn/an/an/an/an/a0.030.529.729.427.526.228.526.725.8
Other liabilitiesn/a8269139681,132992883546458539546494432626
Total liabilities and equityn/a1,5171,6631,5291,3227456275999139437767276631,000
Owned
Fixed assets13113514612211590.966.756.657.160.547.036.343.954.1
Goodwill10520920116385.747.147.247.411684.254.351.453.152.1
Intangible assets18.250.637.871.042.130.825.323.933.226.322.117.615.313.4
Investmentsn/a1.85.1n/an/an/an/an/an/an/an/an/a7.17.1
Securities held for sale or to maturityn/an/an/an/an/an/a12.815.312.28.87.16.8n/an/a
Cash and equivalents19121936587.443.743.243.857.322576.765.326.989.5309
Receivablesn/a26529128225319714212813215877.591.8118171
Inventoryn/a98.790.185.872.961.363.174.479.510397.658.360.961.0
Other assetsn/a537527717711275226196258425405438275333
Total assetsn/a1,5171,6631,5291,3227456275999139437767276631,000
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded-10.4%0.7%-1.2%n/a
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/an/an/an/a
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Babcock & Wilcox Enterprises' revenue in fiscal 2025?

Babcock & Wilcox Enterprises (BW) reported revenue of $588 million for fiscal 2025, the year ended 31 December 2025, up 1.1% on the year before.

How much did Babcock & Wilcox Enterprises earn in fiscal 2025?

Net loss was $36 million for fiscal 2025, and the diluted loss per share $0.48.

What is Babcock & Wilcox Enterprises' market cap?

The market cap of Babcock & Wilcox Enterprises was $680 million at the close of 29 October 2026.

How much debt does Babcock & Wilcox Enterprises have?

At 30 June 2026 Babcock & Wilcox Enterprises carried $277 million of debt and $309 million of cash.

Peers: Construction Materials

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Cavco Industries, Inc. CVCO$4.2 billion23.8116.3%9.6%9.7%n/an/a
Mueller Water Products, Inc. MWA$3.6 billion16.1519.8%19.4%5.9%0.401.2%
Crane Nxt, Co. CXT$3.5 billion24.8711.1%14.0%17.3%1.151.2%
Helios Technologies, Inc. HLIO$2.3 billion31.927.5%10.0%14.0%0.350.6%
Proto Labs Inc. PRLB$1.9 billion54.295.0%7.3%11.8%0.00n/a
Tecnoglass Holdings Inc. TGLS$1.7 billion13.5422.0%18.3%9.9%0.29n/a
Hillman Solutions Corp. HLMN$1.5 billion35.553.4%6.9%6.5%0.57n/a
Koppers Holdings Inc. KOP$791 millionn/a-22.5%-2.2%-5.0%2.340.8%
Legacy Housing Corp. LEGH$688 million13.509.1%32.8%-2.6%0.00n/a
Babcock & Wilcox Enterprises, Inc. BW$680 millionn/an/an/an/a4.83n/a
Janus International Group, Inc. JBI$624 million19.045.8%9.3%0.3%0.95n/a
Compx International Inc. CIX$436 million19.7315.2%16.3%6.0%0.000.8%
All 31 in Construction Materials
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Parker-Hannifin Corp. PH$117.1 billion32.6123.7%23.6%8.3%0.550.8%
CRH Public Ltd. Co. CRH$60.3 billion17.0414.3%13.7%5.6%0.791.7%
Amrize Ltd. AMRZ$22.3 billion18.669.6%15.5%n/a0.39n/a
Snap-on Inc. SNA$18.5 billion18.6516.6%24.9%2.9%0.202.7%
Stanley Black & Decker, Inc. SWK$15.6 billion25.266.9%5.6%0.6%0.533.2%
Masco Corp. MAS$15.5 billion17.36n/a17.9%0.9%n/a1.6%
Crane Co. CR$11.9 billion35.3615.1%17.7%21.5%0.410.5%
Watts Water Technologies Inc. WTS$11.8 billion30.6317.5%19.1%17.1%0.050.6%
Owens Corning OC$9.6 billionn/an/an/an/a1.382.5%
Valmont Industries Inc. VMI$8.3 billion16.0829.4%14.2%4.6%0.430.7%
Simpson Manufacturing Co., Inc. SSD$8.0 billion21.3617.9%20.6%6.5%0.160.6%
Arcosa, Inc. ACA$7.3 billion14.9416.5%11.8%2.6%0.480.1%
Eagle Materials Inc. EXP$5.6 billion14.3827.1%n/a1.7%1.180.5%
Fortune Brands Innovations, Inc. FBIN$5.3 billion35.916.4%6.8%-2.3%1.112.3%
Trex Co. Inc. TREX$5.2 billionn/an/an/a7.0%0.25n/a
Louisiana-Pacific Corp. LPX$5.1 billion93.003.1%3.0%-14.4%0.201.6%
Griffon Corp. GFF$4.7 billion26.27138.6%19.7%-12.0%9.810.9%
UFP Industries Inc. UFPI$4.5 billion18.708.2%5.1%-4.7%0.081.7%
Champion Homes, Inc. SKY$4.4 billion23.6812.2%8.7%4.5%0.02n/a
Cavco Industries, Inc. CVCO$4.2 billion23.8116.3%9.6%9.7%n/an/a
Mueller Water Products, Inc. MWA$3.6 billion16.1519.8%19.4%5.9%0.401.2%
Crane Nxt, Co. CXT$3.5 billion24.8711.1%14.0%17.3%1.151.2%
Helios Technologies, Inc. HLIO$2.3 billion31.927.5%10.0%14.0%0.350.6%
Proto Labs Inc. PRLB$1.9 billion54.295.0%7.3%11.8%0.00n/a
Tecnoglass Holdings Inc. TGLS$1.7 billion13.5422.0%18.3%9.9%0.29n/a
Hillman Solutions Corp. HLMN$1.5 billion35.553.4%6.9%6.5%0.57n/a
Koppers Holdings Inc. KOP$791 millionn/a-22.5%-2.2%-5.0%2.340.8%
Legacy Housing Corp. LEGH$688 million13.509.1%32.8%-2.6%0.00n/a
Babcock & Wilcox Enterprises, Inc. BW$680 millionn/an/an/an/a4.83n/a
Janus International Group, Inc. JBI$624 million19.045.8%9.3%0.3%0.95n/a
Compx International Inc. CIX$436 million19.7315.2%16.3%6.0%0.000.8%
No other company here shares its SEC industry code (Heating Equipment, Except Electric & Warm Air Furnaces); these are the names nearest in size in its wider industry, Construction Materials, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202610 August 2026EDGAR
10-Q31 March 202611 May 2026EDGAR
10-K31 December 202516 March 2026EDGAR
10-Q30 September 202510 November 2025EDGAR
10-Q30 June 202511 August 2025EDGAR
10-Q31 March 202512 May 2025EDGAR
10-K31 December 202431 March 2025EDGAR
10-Q30 September 202412 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR