Latest Ratios: P/E Ratio -30.7x · EV/EBITDA 69.6x · 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 | $2.4B | — | $2.0B | $1.7B | $2.1B | $2.2B | — | — | — | — | — |
| Enterprise Value | $2.9B | — | $2.5B | $2.1B | $2.5B | $2.4B | — | — | — | — | — |
| P/E Ratio → | -30.71 | — | — | — | — | 101.15 | — | — | — | — | — |
| P/S Ratio | 3.34 | — | 2.83 | 2.39 | 3.49 | 3.09 | — | — | — | — | — |
| P/B Ratio | — | — | — | — | — | 37.51 | — | — | — | — | — |
| 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 | — | — | 3.54 | 2.94 | 4.04 | 3.34 | — | — | — | — | — |
| EV / EBITDA | 69.63 | — | 60.81 | 56.79 | 107.73 | 62.94 | — | — | — | — | — |
| EV / EBIT | 116.01 | — | — | — | 70.94 | 39.08 | — | — | — | — | — |
| 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 | -6.1% | -6.1% | -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 | 11.17 | 11.17 | 12.87 | 11.55 | 17.96 | 10.67 | 25.83 | — | — | — | — |
| Net Debt / Equity | — | — | — | — | — | 3.03 | — | — | — | 1.09 | -0.15 |
| Net Debt / EBITDA | 8.46 | 8.46 | 12.31 | 10.49 | 14.63 | 4.71 | 22.03 | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 0.61 | 0.61 | 0.54 | 0.39 | -0.03 | 0.58 | -0.03 | -0.31 | -8.60 | -10.86 | -27.08 |
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 | 0.8% | — | 0.9% | 0.6% | 0.7% | 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% | 0.1% | 0.1% | 0.2% | — | — | — | — | — |
| Total Shareholder Yield | 0.8% | — | 0.9% | 0.7% | 0.8% | 0.6% | — | — | — | — | — |
| Shares Outstanding | — | $105M | $92M | $89M | $88M | $84M | $49M | $32M | $14M | $9M | $10M |
Project execution and insolvency
According to current market data, BWSN trades at an EV/EBITDA of 69.63, a multiple that appears disconnected from the firm's negative net margins and suggests investors are pricing in a speculative turnaround rather than the reality of the company's current industrial earnings power.
The extreme valuation multiples are largely a function of depressed earnings rather than growth expectations, rendering traditional P/E analysis ineffective. Investors should monitor whether the premium over peers like Primoris Services is justified by proprietary technology or if it represents a mispricing of the firm's high-risk project backlog.
As reported in financial statements, BWSN's ROIC has fluctuated wildly between -5.6% and 13.4% over the last ten quarters, indicating that the company struggles to consistently generate returns above its cost of capital due to the lumpy nature of its engineering project cycles.
The volatility in ROIC suggests that the firm's capital allocation is highly sensitive to project-specific outcomes rather than sustained operational compounding. This inconsistency warrants further investigation into whether the company's investments in carbon capture technology can eventually provide a stable return profile or if they will remain a drag on capital efficiency.
Based on the company's reported figures, the cash conversion cycle has reached as high as 1,143 days, a metric that significantly lags behind industrial peers and highlights severe friction in converting project milestones into realized cash flow for the business.
The extended DSO and DIO figures suggest that BWSN lacks leverage over its utility customers, often resulting in delayed payments that strain liquidity. This inefficiency appears structural, as the company remains tethered to long-duration, complex contracts that are prone to payment disputes and inventory bottlenecks.
As indicated by recent SEC filings, the current ratio of 1.22 provides only a thin margin of safety, which appears insufficient given the company's history of sudden cash outflows and the ongoing volatility in its project-based revenue streams.
The reliance on short-term liquidity to fund long-term project execution creates a precarious balance sheet position that may leave the firm vulnerable to sudden market shocks. Investors should monitor the quick ratio closely, as any further deterioration could signal an inability to meet short-term obligations without external financing.
The most commonly misapplied metric for BWSN is the total dollar value of the backlog, which investors often mistake for a guarantee of future profitability, ignoring the historical reality that project-based revenue recognition frequently leads to margin-eroding cost overruns.
Analysts should instead focus on the 'backlog conversion rate' and the mix of proprietary aftermarket services, which provide a more accurate picture of sustainable cash flow. Relying on the headline backlog figure obscures the underlying risk that many of these contracts may be executed at break-even or loss-making levels.
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying BWSN stock.
Babcock & Wilcox Enterprises, I's current P/E ratio is -30.7x. The historical average is 101.2x.
Babcock & Wilcox Enterprises, I's current EV/EBITDA is 69.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 60.2x.
Based on historical data, Babcock & Wilcox Enterprises, I is trading at a P/E of -30.7x. Compare with industry peers and growth rates for a complete picture.
Babcock & Wilcox Enterprises, I's current dividend yield is 0.80%.
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.