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Mar 16, 2026·SEC
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Babcock & Wilcox Enterprises, I(BWSN)Earnings, Financials & Key Ratios
BWSN•NYSE
$25.18
Price updated Apr 24, 2026
AboutBabcock & Wilcox Enterprises, Inc. engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions. The B&W Environmental segment focuses on systems for cooling, ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control. The B&W Thermal segment offers steam generation equipment, aftermarket parts, construction, maintenance, and field services for plants in the power generation, oil and gas, and industrial sectors. The company was founded by George H. Babcock, Stephen Wilcox, Jr., and Joseph P. Manton in 1856 and is headquartered in Akron, OH.Show more
- Revenue$588M-18.1%
- EBITDA$33M-21.0%
- Net Income-$36M+39.7%
- EPS (Diluted)-0.48+41.5%
- Gross Margin24.49%-0.8%
- EBITDA Margin5.62%-3.6%
- Operating Margin3.9%+11.4%
- Net Margin-6.14%+26.5%
BWSN Price & Volume
Babcock & Wilcox Enterprises, I (BWSN) stock price & volume — 10-year historical chart
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Erratic Revenue Growth Masks Persistent Structural Insolvency
Investment Thesis • Updated 2025Q4
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Project execution and insolvency
Key Thesis Takeaways
- Babcock & Wilcox Enterprises faces a precarious outlook characterized by extreme revenue volatility, as evidenced by the 142.9% surge in 2025Q4 following multiple periods of contraction.
- The company's inability to convert net income into positive operating cash flow, highlighted by a $32.1M cash outflow despite a $35.1M profit in 2025Q3, suggests fundamental weaknesses in earnings quality.
- Investors should remain cautious given the deeply negative equity position of -$131.6M and the ongoing reliance on project-based contracts that obscure long-term operational stability.
Verdict Logic
the company's persistent inability to generate positive free cash flow, evidenced by a -$7.2M FCF result in 2025Q4, combined with a negative equity base of -$131.6M, presents significant insolvency risks for long-term investors.
BWSN Growth Metrics
Babcock & Wilcox Enterprises, I (BWSN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-10.37%
5 Years0.74%
3 Years-1.2%
TTM-5.76%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM39.74%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM31.9%
Return on Capital
10 Years-26.96%
5 Years4.22%
3 Years5.78%
Last Year7.45%
BWSN Recent Earnings
Babcock & Wilcox Enterprises, I (BWSN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/10 qtrs (25%)●Beat Revenue 1/10 qtrs (25%)
Q2 2026Latest
Mar 16, 2026Metric
Actual
Est
EPS
$0.32
—
Rev
$161M
—
Q2 2026
Mar 4, 2026Metric
Actual
Est
EPS
$0.32
—
Rev
$113M
—
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.34+493.2%
$0.09
Rev
$149M-4.2%
$156M
Q3 2025
Aug 11, 2025Metric
Actual
Est
EPS
$0.22-143.5%
$0.09
Rev
$144M-17.2%
$174M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 16, 2026 | $0.32 | $161M |
| Q2 2026 | Mar 4, 2026 | $0.32 | $113M |
| Q4 2025 | Nov 4, 2025 | $0.34vs $0.09+493.2% | $149Mvs $156M-4.2% |
| Q3 2025 | Aug 11, 2025 | $0.22vs $0.09-143.5% | $144Mvs $174M-17.2% |
Based on last 10 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Babcock & Wilcox Enterprises, I (BWSN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $25.18 | $2.4B | -30.71 | -18.07% | -6.14% | — | 0.8% | |
| $35.55 | $1.7B | 11.66 | 34.26% | 44.73% | 30.28% | — | |
| $78.84 | $2.83B | 57.55 | 38.79% | 2.11% | 5.45% | — | |
| $13.10 | $414.29M | -3.76 | 0.84% | -3.71% | -52.57% | — | |
| $26.13 | $6.65B | 27.22 | 1.03% | 7.23% | 6.76% | — | |
| $86.97 | $4.72B | 17.32 | 18.97% | 3.31% | 15.21% | — |
Compare BWSN vs Peers
Babcock & Wilcox Enterprises, I (BWSN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BWSN SEC Filings & Documents
Babcock & Wilcox Enterprises, I (BWSN) SEC filings — annual & quarterly reports (10-K, 10-Q)
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BWSN Frequently Asked Questions
Babcock & Wilcox Enterprises, I (BWSN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Babcock & Wilcox Enterprises, I's revenue?
Babcock & Wilcox Enterprises, I (BWSN) reported $635.3M in revenue for fiscal year 2025. This represents a 64% decrease from $1.77B in 2013.
How fast is Babcock & Wilcox Enterprises, I growing?
Babcock & Wilcox Enterprises, I (BWSN) saw revenue decline by 18.1% over the past year.
Is BWSN profitable?
Babcock & Wilcox Enterprises, I (BWSN) reported a net loss of $36.1M for fiscal year 2025.
Dividend & Returns
Does BWSN pay dividends?
Yes, Babcock & Wilcox Enterprises, I (BWSN) pays a dividend with a yield of 0.80%. This makes it attractive for income-focused investors.
What is Babcock & Wilcox Enterprises, I's free cash flow?
Babcock & Wilcox Enterprises, I (BWSN) had negative free cash flow of $85.7M in fiscal year 2025, likely due to heavy capital investments.