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BW Financials Babcock & Wilcox Enterprises, Inc.

13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 0.7% per year over the past 5 years.
  • Operating margin has expanded, at 3.5% in the latest year.

Financial health

  • Operating income covered interest expense 0.6× in the latest year.
  • The company is unprofitable; at its current free-cash-flow burn it has roughly 1.0 years of cash runway.
Revenue & net income
-$725M $169M $1B $0 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-68% -19% 29% 0% 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$287M -$144M $0 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $183M $365M 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$282M $10M $303M $0 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $588M -$33M 24.5% 3.5% -$86M $89M
2024 $581M -$73M 21.8% -1.1% -$130M $27M
2023 $587M -$76M 20.7% -3.4% -$52M $65M
2022 $609M -$14M 23.8% -0.2% -$44M $77M
2021 $711M $32M 24.6% 2.7% -$118M $225M
2020 $566M -$10M 29.3% -0.3% -$49M $183M $57M
2019 $859M -$122M 18.7% -3.4% -$180M $44M
2018 $1.1B -$725M -12.2% -40.2% -$287M $61M $43M
2017 -$380M -$204M $0 $44M
2016 -$116M -$20M $87M
2015 $19M $365M
2014 -$27M $219M
2013 $175M $191M

Valuation over time

How the market has priced BW against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 2.1 4.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is BW growing its revenue and profit?

Over the past 5 years, Babcock & Wilcox Enterprises, Inc.'s revenue has grown 0.7% per year. These are computed facts, not advice.

How much debt does BW have?

As of FY2025, Babcock & Wilcox Enterprises, Inc. reported — of total debt against $89M of cash; operating income covered interest expense 0.6×.

What is BW's profit margin?

In FY2025, gross margin was 24.5%, operating margin 3.5%, and net margin -5.6%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.