Latest Ratios: P/E Ratio -22.4x · EV/EBITDA 45.6x · ROE N/A. (2013–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $668M | $150M | $130M | $509M | $754M | $171M | $115M | $54M | $535M | $1.7B |
| Enterprise Value | $1.5B | $947M | $665M | $524M | $844M | $932M | $503M | $397M | $187M | $742M | $1.6B |
| P/E Ratio → | -22.35 | — | — | — | — | 34.69 | — | — | — | — | — |
| P/S Ratio | 2.09 | 1.14 | 0.21 | 0.18 | 0.84 | 1.06 | 0.30 | 0.13 | 0.05 | 0.34 | 1.06 |
| P/B Ratio | — | — | — | — | — | 12.86 | — | — | — | 2.80 | 2.97 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | 725.34 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.61 | 0.93 | 0.72 | 1.38 | 1.31 | 0.89 | 0.46 | 0.18 | 0.48 | 1.01 |
| EV / EBITDA | 45.58 | 28.67 | 15.91 | 13.94 | 36.94 | 24.68 | 33.37 | — | — | — | — |
| EV / EBIT | 65.75 | 59.07 | — | — | 24.32 | 15.32 | 12.76 | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.5% | 24.5% | 24.7% | 24.3% | 23.8% | 24.6% | 29.3% | 18.7% | -12.2% | 6.4% | 11.4% |
| Operating Margin | 3.9% | 3.9% | 3.5% | 2.3% | -0.2% | 2.7% | -0.3% | -3.4% | -40.2% | -18.1% | -6.5% |
| Net Profit Margin | -6.2% | -6.2% | -8.4% | -27.1% | -3.8% | 4.3% | -1.8% | -14.2% | -68.3% | -24.4% | -7.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | -80.9% | 52.7% | — | — | — | -101.1% | -17.7% |
| ROA | -5.2% | -5.2% | -8.0% | -23.0% | -2.5% | 4.1% | -1.7% | -17.8% | -70.2% | -26.6% | -7.2% |
| ROIC | 9.1% | 9.1% | 8.8% | 4.7% | -0.3% | 12.3% | -142.1% | — | -252.6% | -48.2% | -17.8% |
| ROCE | 7.5% | 7.5% | 6.6% | 3.3% | -0.2% | 3.9% | -1.0% | -102.1% | -139.5% | -37.8% | -10.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | 6.87 | — | — | — | 1.38 | 0.03 |
| Debt / EBITDA | 11.16 | 11.16 | 12.87 | 11.55 | 17.96 | 10.67 | 25.83 | — | — | — | — |
| Net Debt / Equity | — | — | — | — | — | 3.03 | — | — | — | 1.09 | -0.15 |
| Net Debt / EBITDA | 8.45 | 8.45 | 12.31 | 10.49 | 14.63 | 4.71 | 22.03 | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 0.39 | 0.39 | -0.32 | -0.55 | 0.87 | 1.81 | 0.66 | -0.84 | -10.20 | -11.49 | -30.87 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.22 | 1.22 | 1.26 | 1.42 | 1.50 | 2.30 | 1.46 | 0.68 | 0.77 | 0.98 | 1.26 |
| Quick Ratio | 1.06 | 1.06 | 0.98 | 1.14 | 1.22 | 1.98 | 1.19 | 0.58 | 0.69 | 0.87 | 1.12 |
| Cash Ratio | 0.23 | 0.23 | 0.06 | 0.11 | 0.21 | 0.89 | 0.21 | 0.07 | 0.06 | 0.08 | 0.16 |
| Asset Turnover | — | 0.89 | 0.99 | 0.94 | 0.65 | 0.78 | 0.95 | 1.37 | 1.43 | 1.18 | 1.03 |
| Inventory Turnover | 7.29 | 7.29 | 4.96 | 5.64 | 4.52 | 6.74 | 5.38 | 11.07 | 19.44 | 17.74 | 16.31 |
| Days Sales Outstanding | — | 118.75 | 99.26 | 76.14 | 188.68 | 126.72 | 143.77 | 109.21 | 117.48 | 92.35 | 105.70 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.3% | 2.2% | 12.3% | 8.6% | 2.9% | 1.2% | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 2.9% | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.1% | 0.2% | 1.1% | 0.6% | 0.7% | 0.2% | 0.1% | 1.5% | 3.3% | 4.7% |
| Total Shareholder Yield | 1.4% | 2.3% | 12.6% | 9.7% | 3.5% | 1.9% | 0.2% | 0.1% | 1.5% | 3.3% | 4.7% |
| Shares Outstanding | — | $105M | $92M | $89M | $88M | $84M | $49M | $32M | $14M | $9M | $10M |
Liquidity and project execution
Based on reported figures, BW's forward P/E of 112.10 suggests that investors are pricing in a significant recovery, yet the negative TTM P/E of -30.10 highlights the market's skepticism regarding the company's ability to consistently convert its backlog into meaningful bottom-line profitability in the near term.
The elevated forward multiple indicates that the market is looking past current losses toward a potential turnaround, but this valuation appears precarious given the lack of a clear path to sustained net income. Compared to peers like CECO Environmental, BW's valuation gap suggests that the market is applying a complexity discount due to the company's historical restructuring and volatile earnings profile.
As reported in financial statements, BW's ROIC has fluctuated wildly, ranging from a peak of 13.4% in 2024Q2 to a negative 5.6% in 2024Q4, which suggests that the company is struggling to generate consistent returns on its invested capital amidst ongoing operational and project-related challenges.
The inability to maintain positive ROIC over the last ten quarters indicates that the company's capital allocation strategy has yet to yield a compounding effect on shareholder value. This trend warrants further investigation into whether the current asset base is being utilized efficiently or if legacy project obligations continue to drag down overall capital productivity.
According to recent quarterly data, BW's cash conversion cycle has remained highly erratic, peaking at 326 days in 2024Q4, which reveals significant inefficiencies in managing working capital and suggests that the company's reliance on long-cycle engineering contracts creates persistent pressure on its liquidity position.
The high DSO and DIO figures relative to historical norms suggest that the company is facing difficulties in collecting receivables and managing inventory turnover effectively. Investors should monitor these metrics closely, as any further extension in the cash conversion cycle could necessitate additional external financing to support ongoing operations.
Based on the latest quarterly data, BW's current ratio of 0.99 in 2026Q1 indicates that the company's ability to cover short-term liabilities with current assets is severely constrained, leaving little margin for error during periods of operational volatility or unexpected project-related cash outflows.
The proximity of the current ratio to parity suggests that the company's liquidity position is vulnerable to any disruption in cash flow generation. This tight buffer warrants close monitoring, as the company may have limited flexibility to navigate further operational headwinds without relying on debt facilities or asset divestitures.
As reported in financial statements, the P/E ratio is a fundamentally flawed metric for evaluating BW, as it obscures the company's true earning power by failing to account for the significant non-cash charges and restructuring costs that frequently distort the reported net income figures.
Investors should instead focus on EV/EBITDA or cash-flow-based metrics to better assess the underlying operational performance of the business. Relying on P/E in this context may lead to a misinterpretation of the company's valuation, as it fails to distinguish between temporary accounting noise and the core profitability of the engineering and services segments.
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying BW stock.
Babcock & Wilcox Enterprises, Inc.'s current P/E ratio is -22.4x. The historical average is 76.0x.
Babcock & Wilcox Enterprises, Inc.'s current EV/EBITDA is 45.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 26.7x.
Based on historical data, Babcock & Wilcox Enterprises, Inc. is trading at a P/E of -22.4x. Compare with industry peers and growth rates for a complete picture.
Babcock & Wilcox Enterprises, Inc.'s current dividend yield is 1.32%.
Babcock & Wilcox Enterprises, Inc. has 24.5% gross margin and 3.9% operating margin.
Babcock & Wilcox Enterprises, Inc.'s Debt/EBITDA ratio is 11.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.