Latest Ratios: P/E Ratio 18.1x · EV/EBITDA 18.5x · ROE 8.3%. (2000–2025 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 | $97M | $65M | $41M | $60M | $36M | $36M | $133M | $27M | $20M | $41M | $61M |
| Enterprise Value | $125M | $93M | $69M | $94M | $57M | $67M | $165M | $57M | $34M | $58M | $46M |
| P/E Ratio → | 18.09 | 12.30 | 35.88 | 7.69 | — | 12.53 | — | — | — | — | 202.25 |
| P/S Ratio | 0.62 | 0.41 | 0.29 | 0.29 | 0.21 | 0.25 | 0.67 | 0.15 | 0.16 | 0.28 | 0.34 |
| P/B Ratio | 1.44 | 0.98 | 0.70 | 1.06 | 0.79 | 0.67 | 3.27 | 0.66 | 0.46 | 0.62 | 0.89 |
| P/FCF | — | — | 4.06 | — | 2.68 | — | 35.10 | 10.00 | — | — | 5.71 |
| P/OCF | — | — | 2.99 | — | 2.18 | — | 24.91 | 5.92 | 9.83 | — | 3.53 |
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 | — | 0.59 | 0.48 | 0.46 | 0.32 | 0.46 | 0.83 | 0.32 | 0.27 | 0.40 | 0.26 |
| EV / EBITDA | 18.52 | 13.73 | 6.34 | 5.36 | — | — | 24.63 | 11.07 | — | 37.28 | 5.26 |
| EV / EBIT | 277.57 | 205.89 | 16.06 | 8.46 | — | 16.78 | 391.07 | — | — | — | 23.70 |
| EV / FCF | — | — | 6.79 | — | 4.19 | — | 43.62 | 21.26 | — | — | 4.35 |
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 | 9.8% | 9.8% | 14.8% | 16.0% | 6.1% | 3.8% | 9.1% | 8.6% | 2.4% | 5.6% | 10.0% |
| Operating Margin | 0.3% | 0.3% | 3.0% | 5.5% | -3.7% | -8.6% | 0.2% | -1.3% | -20.0% | -5.1% | 1.1% |
| Net Profit Margin | 3.3% | 3.3% | 0.8% | 3.8% | -5.5% | 2.0% | -0.7% | -2.5% | -19.3% | -2.5% | 0.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.3% | 8.3% | 2.0% | 15.0% | -19.4% | 6.0% | -3.7% | -10.8% | -44.1% | -5.4% | 0.5% |
| ROA | 4.3% | 4.3% | 0.9% | 5.5% | -7.4% | 2.4% | -1.2% | -4.1% | -22.8% | -3.2% | 0.3% |
| ROIC | 0.4% | 0.4% | 3.6% | 10.6% | -6.5% | -12.0% | 0.4% | -2.8% | -26.7% | -8.1% | 2.4% |
| ROCE | 0.5% | 0.5% | 5.1% | 14.3% | -8.8% | -17.1% | 0.6% | -4.5% | -42.2% | -10.2% | 2.6% |
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 | 0.43 | 0.43 | 0.60 | 0.63 | 0.72 | 0.58 | 0.88 | 0.80 | 0.34 | 0.27 | 0.06 |
| Debt / EBITDA | 4.18 | 4.18 | 3.26 | 2.02 | — | — | 5.31 | 6.33 | — | 11.18 | 0.47 |
| Net Debt / Equity | — | 0.42 | 0.47 | 0.61 | 0.44 | 0.57 | 0.79 | 0.74 | 0.32 | 0.26 | -0.21 |
| Net Debt / EBITDA | 4.12 | 4.12 | 2.55 | 1.96 | — | — | 4.81 | 5.86 | — | 11.13 | -1.65 |
| Debt / FCF | — | — | 2.73 | — | 1.51 | — | 8.52 | 11.26 | — | — | -1.37 |
| Interest Coverage | 0.13 | 0.13 | 1.40 | 3.46 | -2.01 | 3.54 | 0.21 | -0.97 | -15.18 | -9.31 | 3.13 |
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 | 2.03 | 2.03 | 1.54 | 1.30 | 1.13 | 1.23 | 1.05 | 0.85 | 0.83 | 0.86 | 1.35 |
| Quick Ratio | 0.70 | 0.70 | 0.62 | 0.60 | 0.50 | 0.44 | 0.50 | 0.36 | 0.39 | 0.39 | 0.86 |
| Cash Ratio | 0.01 | 0.01 | 0.18 | 0.02 | 0.18 | 0.02 | 0.07 | 0.04 | 0.02 | 0.00 | 0.51 |
| Asset Turnover | — | 1.35 | 1.12 | 1.51 | 1.22 | 1.23 | 1.66 | 1.45 | 1.26 | 1.31 | 1.54 |
| Inventory Turnover | 3.39 | 3.39 | 3.05 | 4.57 | 3.75 | 4.20 | 6.75 | 5.11 | 5.40 | 7.19 | 7.69 |
| Days Sales Outstanding | — | 44.57 | 34.31 | 49.76 | 39.18 | 38.69 | 32.34 | 37.50 | 50.81 | 33.93 | 23.95 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| 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 | 5.5% | 8.1% | 2.8% | 13.0% | — | 8.0% | — | — | — | — | 0.5% |
| FCF Yield | — | — | 24.7% | — | 37.3% | — | 2.8% | 10.0% | — | — | 17.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.9% | 0.1% | 0.0% | 0.3% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.9% | 0.1% | 0.0% | 0.3% | 0.0% | 0.0% |
| Shares Outstanding | — | $23M | $22M | $21M | $20M | $19M | $17M | $16M | $15M | $15M | $15M |
Extreme liquidity and concentration
Based on current market data, Broadwind trades at an EV/EBITDA multiple of 19.14, which appears to price in significant recovery expectations that may be disconnected from the company's historical inability to sustain consistent profitability or generate meaningful free cash flow in its core fabrication segments.
The current valuation multiple suggests investors are betting on a non-linear surge in earnings driven by IRA-related tailwinds, yet the lack of a forward P/E ratio highlights the market's uncertainty regarding future earnings visibility. This premium valuation relative to the company's thin margins warrants caution, as it assumes a level of operational stability that the historical data does not support.
As reported in financial statements, Broadwind's ROIC has struggled to maintain positive territory, peaking at a modest 1.8% in 2023Q4 and frequently dipping into negative values, which indicates a persistent failure to generate returns that exceed the company's cost of capital over the long term.
The inability to consistently compound capital suggests that the company's heavy fabrication assets are not generating sufficient economic profit to justify their maintenance. Investors should monitor whether the shift toward the Industrial Solutions segment can improve these returns, or if the structural overhead of the fabrication business will continue to drag down overall capital efficiency.
According to recent quarterly filings, the company's cash conversion cycle remains elevated, averaging over 110 days, which highlights the significant strain that project-based revenue recognition and inventory management place on the company's limited cash reserves and overall operational flexibility.
The high days-in-inventory (DIO) relative to the industry suggests that Broadwind is carrying substantial capital in the form of raw materials and work-in-progress, which ties up liquidity that the company cannot afford to lose. This inefficiency appears to be a structural byproduct of the lumpy, project-based nature of wind tower manufacturing.
Based on reported figures, the company's quick ratio has consistently hovered near 0.50, indicating that Broadwind lacks the liquid assets necessary to cover its short-term obligations without relying on the timely collection of receivables or the availability of external credit facilities.
This liquidity profile leaves the company highly vulnerable to any disruption in the timing of customer payments or unexpected spikes in input costs. The reliance on working capital management to sustain operations suggests that the company is operating with virtually no margin for error in its cash flow planning.
Investors frequently misapply the price-to-sales ratio to Broadwind, failing to recognize that in a high-fixed-cost, low-margin manufacturing business, revenue growth does not necessarily translate into shareholder value if the underlying gross margins remain trapped in the single digits due to intense competitive and input cost pressures.
Using P/S as a primary valuation tool obscures the company's extreme operating leverage and the risk that revenue expansion may actually accelerate cash burn if project costs are not perfectly managed. A more appropriate focus would be on free cash flow yield or EBITDA-to-interest coverage, which better capture the company's actual ability to survive its own business cycle.
Includes 30+ ratios · 26 years · Updated daily
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Quick answers to the most common questions about buying BWEN stock.
Broadwind, Inc.'s current P/E ratio is 18.1x. The historical average is 17.1x. This places it at the 75th percentile of its historical range.
Broadwind, Inc.'s current EV/EBITDA is 18.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.7x.
Broadwind, Inc.'s return on equity (ROE) is 8.3%. The historical average is -13.8%.
Based on historical data, Broadwind, Inc. is trading at a P/E of 18.1x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Broadwind, Inc. has 9.8% gross margin and 0.3% operating margin.
Broadwind, Inc.'s Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.