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Stocks · Industrials · Heating Equipment, Except Electric & Warm Air Furnaces

Babcock & Wilcox Enterprises, Inc.

BW Clue Score24
United States Fiscal year ends December CIK 0001630805
$5.46 -0.73% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $5.46 −10.64% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,420.9Operating income−110.0Net income−115.6Fiscal year 2017Revenue1,341.4 −5.6%Operating income−316.4Net income−379.8Fiscal year 2018Revenue1,062.4 −20.8%Operating income−426.6Net income−725.3Fiscal year 2019Revenue859.1 −19.1%Operating income−29.4Net income−122.0EPS, diluted−3.87Fiscal year 2020Revenue566.3 −34.1%Operating income−1.7Net income−10.3EPS, diluted−0.21Fiscal year 2021Revenue710.9 +25.5%Operating income19.4Net income30.9EPS, diluted0.26Fiscal year 2022Revenue609.4 −14.3%Operating income−1.2Net income−22.9 −174.0%EPS, diluted−0.43Fiscal year 2023Revenue587.4 −3.6%Operating income−20.1Net income−197.2EPS, diluted−2.38Fiscal year 2024Revenue581.0 −1.1%Operating income−6.3Net income−59.9EPS, diluted−0.82Fiscal year 2025Revenue587.7 +1.1%Operating income20.7Net income−36.2EPS, diluted−0.48
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,420.9 1,341.4 1,062.4 859.1 566.3 710.9 609.4 587.4 581.0 587.7
Growth −5.6% −20.8% −19.1% −34.1% +25.5% −14.3% −3.6% −1.1% +1.1%
Operating income −110.0 −316.4 −426.6 −29.4 −1.7 19.4 −1.2 −20.1 −6.3 20.7
Net income −115.6 −379.8 −725.3 −122.0 −10.3 30.9 −22.9 −197.2 −59.9 −36.2
Growth −174.0%
EPS, diluted n/a n/a n/a −3.87 −0.21 0.26 −0.43 −2.38 −0.82 −0.48

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin9.7%Operating margin−7.7%Net margin−8.1%Free cash flow margin−1.4%Fiscal year 2017Gross margin1.8%Operating margin−23.6%Net margin−28.3%Free cash flow margin−15.2%Fiscal year 2018Gross margin−12.2%Operating margin−40.2%Net margin−68.3%Free cash flow margin−27.0%Fiscal year 2019Operating margin−3.4%Net margin−14.2%Free cash flow margin−21.0%Fiscal year 2020Operating margin−0.3%Net margin−1.8%Free cash flow margin−8.7%Fiscal year 2021Operating margin2.7%Net margin4.3%Free cash flow margin−16.6%Fiscal year 2022Operating margin−0.2%Net margin−3.8%Free cash flow margin−7.2%Fiscal year 2023Operating margin−3.4%Net margin−33.6%Free cash flow margin−8.9%Fiscal year 2024Operating margin−1.1%Net margin−10.3%Free cash flow margin−22.4%Fiscal year 2025Operating margin3.5%Net margin−6.2%Free cash flow margin−14.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 9.7% 1.8% −12.2% n/a n/a n/a n/a n/a n/a n/a
Operating margin −7.7% −23.6% −40.2% −3.4% −0.3% 2.7% −0.2% −3.4% −1.1% 3.5%
Net margin −8.1% −28.3% −68.3% −14.2% −1.8% 4.3% −3.8% −33.6% −10.3% −6.2%
Free cash flow margin −1.4% −15.2% −27.0% −21.0% −8.7% −16.6% −7.2% −8.9% −22.4% −14.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow2.3Capital expenditure−22.5Free cash flow−20.2Buybacks−78.4Fiscal year 2017Operating cash flow−189.8Capital expenditure−14.3Free cash flow−204.1Buybacks−1.0Fiscal year 2018Operating cash flow−281.9Capital expenditure−5.5Free cash flow−287.4Buybacks−0.8Fiscal year 2019Operating cash flow−176.3Capital expenditure−3.8Free cash flow−180.1Buybacks−0.1Fiscal year 2020Operating cash flow−40.8Capital expenditure−8.2Free cash flow−49.0Buybacks−0.3Fiscal year 2021Operating cash flow−111.2Capital expenditure−6.7Free cash flow−117.9Buybacks−4.9Fiscal year 2022Operating cash flow−30.6Capital expenditure−13.2Free cash flow−43.9Buybacks−2.8Fiscal year 2023Operating cash flow−42.3Capital expenditure−9.8Free cash flow−52.1Buybacks−1.4Fiscal year 2024Operating cash flow−118.7Capital expenditure−11.2Free cash flow−129.9Buybacks−0.3Fiscal year 2025Operating cash flow−68.9Capital expenditure−16.8Free cash flow−85.7Buybacks−0.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 2.3 −189.8 −281.9 −176.3 −40.8 −111.2 −30.6 −42.3 −118.7 −68.9
Capital expenditure −22.5 −14.3 −5.5 −3.8 −8.2 −6.7 −13.2 −9.8 −11.2 −16.8
Free cash flow −20.2 −204.1 −287.4 −180.1 −49.0 −117.9 −43.9 −52.1 −129.9 −85.7
Growth
Buybacks −78.4 −1.0 −0.8 −0.1 −0.3 −4.9 −2.8 −1.4 −0.3 −0.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash87.4Shareholders’ equity552.1Fiscal year 2017Cash43.7Total debt0.0Net cash (debt)43.7Shareholders’ equity182.1Debt to equity0.00Fiscal year 2018Cash43.2Total debt61.3Net cash (debt)−18.1Shareholders’ equity−286.1Fiscal year 2019Cash43.8Total debt104.0Net cash (debt)−60.2Shareholders’ equity−296.4Fiscal year 2020Cash57.3Total debt183.3Net cash (debt)−126.0Shareholders’ equity−332.1Fiscal year 2021Cash224.9Shareholders’ equity33.1Fiscal year 2022Cash76.7Shareholders’ equity−2.6Fiscal year 2023Cash65.3Shareholders’ equity−201.0Fiscal year 2024Cash26.9Shareholders’ equity−283.8Fiscal year 2025Cash89.5Shareholders’ equity−131.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 87.4 43.7 43.2 43.8 57.3 224.9 76.7 65.3 26.9 89.5
Total debt n/a 0.0 61.3 104.0 183.3 n/a n/a n/a n/a n/a
Net cash (debt) n/a 43.7 −18.1 −60.2 −126.0 n/a n/a n/a n/a n/a
Shareholders’ equity 552.1 182.1 −286.1 −296.4 −332.1 33.1 −2.6 −201.0 −283.8 −131.5
Debt to equity n/a 0.00 n/a n/a n/a n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
9.7% 1.8% −12.2% n/a n/a n/a n/a n/a n/a n/a
−7.7% −23.6% −40.2% −3.4% −0.3% 2.7% −0.2% −3.4% −1.1% 3.5%
−8.4% −23.7% −52.3% −14.5% −0.7% 3.8% −0.8% −17.6% −15.7% −4.2%
−8.1% −28.3% −68.3% −14.2% −1.8% 4.3% −3.8% −33.6% −10.3% −6.2%
−1.4% −15.2% −27.0% −21.0% −8.7% −16.6% −7.2% −8.9% −22.4% −14.6%
Spending
0.6% 0.6% 0.4% 0.3% 0.8% 0.2% 0.6% n/a n/a n/a
15.3% 16.5% 19.3% 17.6% 25.0% 21.3% 25.1% 23.0% 21.4% 20.3%
1.6% 1.1% 0.5% 0.4% 1.5% 0.9% 2.2% 1.7% 1.9% 2.9%
n/a n/a n/a n/a n/a −7.4% n/a n/a n/a n/a
Returns
−20.9% −208.6% n/a n/a n/a 93.2% n/a n/a n/a n/a
−7.6% −28.7% −97.3% −19.5% −1.7% 3.4% −2.4% −25.4% −8.2% −5.5%
Balance and payout
n/a 0.00 n/a n/a n/a n/a n/a n/a n/a n/a
63.3% 85.6% 137.2% 147.1% 155.2% 93.6% 100.2% 125.8% 139.0% 119.8%