Latest Ratios: P/E Ratio -52.1x · EV/EBITDA 109.6x · 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 | $3.3B | $2.6B | $1.8B | $1.4B | $1.8B | $2.1B | — | — | — | — | — |
| Enterprise Value | $3.6B | $2.9B | $2.3B | $1.8B | $2.2B | $2.3B | — | — | — | — | — |
| P/E Ratio → | -52.08 | — | — | — | — | 95.38 | — | — | — | — | — |
| P/S Ratio | 5.69 | 4.41 | 2.54 | 1.99 | 2.99 | 2.92 | — | — | — | — | — |
| P/B Ratio | — | — | — | — | — | 35.37 | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
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 | — | 4.89 | 3.26 | 2.53 | 3.54 | 3.17 | — | — | — | — | — |
| EV / EBITDA | 109.62 | 86.90 | 55.98 | 48.98 | 94.43 | 59.62 | — | — | — | — | — |
| EV / EBIT | 158.12 | 179.07 | — | — | 62.18 | 37.02 | — | — | — | — | — |
| 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 | 0.6% | 0.6% | 1.0% | 0.8% | 0.8% | 0.4% | — | — | — | — | — |
| 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 | — | — | — | — | — | 1.0% | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.1% | 0.2% | 0.2% | — | — | — | — | — |
| Total Shareholder Yield | 0.6% | 0.6% | 1.0% | 0.9% | 1.0% | 0.7% | — | — | — | — | — |
| Shares Outstanding | — | $105M | $92M | $89M | $88M | $84M | $49M | $32M | $14M | $9M | $10M |
Liquidity and project execution
According to current market data, BWNB trades at an EV/EBITDA multiple of 109.62, a figure that appears disconnected from fundamental performance and suggests investors are pricing in extreme volatility rather than normalized earnings potential compared to the broader industrial peer group.
The negative P/E of -52.08 underscores the lack of bottom-line profitability, rendering traditional earnings-based valuation metrics largely irrelevant for assessing the company's current worth. Investors should monitor whether the premium valuation relative to peers is a result of speculative interest in carbon capture technology or simply a reflection of the company's distressed capital structure.
Based on reported financial statements, BWNB's ROIC has oscillated between -5.6% and 13.4% over the last ten quarters, indicating that the company is struggling to consistently compound capital in an environment where project-based execution risks frequently erode the returns on invested capital.
The erratic nature of these returns suggests that the company's ability to generate value is highly dependent on the successful completion of lumpy, capital-intensive projects rather than a stable, high-margin service business. The frequent dips into negative ROIC territory warrant further investigation into whether the company's core thermal assets are being cannibalized to fund speculative growth initiatives.
As reported in recent filings, the Cash Conversion Cycle has fluctuated wildly, peaking at 326 days in 2024Q4, which highlights significant inefficiencies in managing receivables and inventory compared to the more streamlined operations of specialized environmental services peers.
The high DSO and DIO figures suggest that BWNB faces structural challenges in collecting payments from utility customers and managing the inventory required for its complex engineering projects. This inefficiency forces the company to rely more heavily on external financing, thereby increasing its vulnerability to interest rate fluctuations and credit market tightening.
According to the latest balance sheet data, the current ratio of 0.99 indicates that BWNB's short-term assets are barely sufficient to cover its immediate liabilities, leaving the firm with little margin for error should project-based cash inflows face unexpected delays or cancellations.
The reliance on customer deposits and advanced billings to maintain liquidity appears to be a double-edged sword, as it masks the underlying cash burn while creating potential future liabilities. Investors should monitor the quick ratio closely, as any further deterioration could signal an urgent need for dilutive capital raises to sustain operations.
Market participants frequently misapply the Price-to-Sales ratio to BWNB, failing to account for the fact that a significant portion of revenue is derived from low-margin, project-based construction work that does not translate into sustainable cash flow or shareholder value.
Using P/S as a primary valuation metric obscures the reality that the company's true earning power is concentrated in its high-margin aftermarket services, which are often buried within the broader revenue figures. Analysts should instead focus on the backlog book-to-bill ratio and free cash flow conversion to better understand the company's actual financial health.
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying BWNB stock.
Babcock & Wilcox Enterprises, I's current P/E ratio is -52.1x. The historical average is 95.4x.
Babcock & Wilcox Enterprises, I's current EV/EBITDA is 109.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 69.2x.
Based on historical data, Babcock & Wilcox Enterprises, I is trading at a P/E of -52.1x. Compare with industry peers and growth rates for a complete picture.
Babcock & Wilcox Enterprises, I's current dividend yield is 0.57%.
Babcock & Wilcox Enterprises, I has 24.5% gross margin and 3.9% operating margin.
Babcock & Wilcox Enterprises, I's Debt/EBITDA ratio is 11.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.