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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$214M
-$77M
20.3%
-0.8%
$11M
—
$107M
Dec '25
$139M
$9M
23.7%
4.2%
-$7M
—
$89M
Sep '25
$149M
$35M
24.9%
4.4%
-$38M
—
$25M
Jun '25
$144M
-$58M
30.0%
5.6%
-$28M
—
$23M
Mar '25
$149M
-$22M
18.7%
-1.2%
-$13M
—
$23M
Dec '24
$136M
-$63M
20.1%
-3.3%
-$24M
—
$27M
Sep '24
$153M
-$5M
23.7%
1.0%
-$72M
—
$31M
Jun '24
$151M
$25M
21.8%
-2.9%
-$16M
—
$95M
Mar '24
$164M
-$17M
23.6%
3.5%
-$18M
—
$44M
Dec '23
-$45M
-$63M
-18.3%
5.8%
$9M
—
$65M
Sep '23
$239M
-$117M
22.3%
2.3%
-$33M
—
$48M
Jun '23
$292M
-$5M
21.7%
4.3%
-$13M
—
$55M
Mar '23
$241M
-$12M
21.5%
0.5%
-$15M
—
$63M
Dec '22
$236M
$6M
22.7%
2.7%
$32M
—
$77M
Sep '22
$212M
-$18M
22.4%
-1.3%
-$10M
—
$48M
Jun '22
$221M
-$3M
21.6%
1.7%
-$23M
—
$72M
Mar '22
$204M
-$8M
20.1%
-3.3%
-$43M
—
$108M
Dec '21
$192M
$30M
27.7%
5.1%
-$6M
—
$225M
Sep '21
$160M
$14M
28.3%
9.2%
-$24M
$181M
$107M
Jun '21
$203M
$3M
21.7%
1.4%
-$33M
$168M
$30M
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.
The price-to-sales ratio has risen from 1.4× (Mar '23) to 3.4× (Jun '26).
Price / sales (P/S)
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.