BW (Babcock & Wilcox Enterprises, Inc.) Stock Financials & Earnings

BWBabcock & Wilcox Enterprises, Inc.

Mkt Cap$2B

Revenue (TTM)$635M

Net Income (TTM)-$36M

EPS (TTM)-$0.54

Free Cash Flow (TTM)-$86M

Gross Margin25.5%

Op. Margin5.2%

Net Margin-5.7%

FCF Margin-13.5%

P/S Ratio (TTM)2.5x

P/E Ratio (TTM)—

YoY Rev Growth-5.8%

Employees—

Earnings Reports

Next: Q1 2026 · Mar 16

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$241M	$52M	$1M
Q2 23	$292M	$63M	$12M
Q3 23	$239M	$53M	$6M
Q4 23	$227M	$56M	$669K
Q1 24	$164M	$39M	$6M
Q2 24	$234M	$54M	$42M
Q3 24	$210M	$50M	-$1M
Q4 24	$66M	$24M	-$20M
Q1 25	$181M	$40M	$6M
Q2 25	$144M	$43M	$8M
Q3 25	$149M	$37M	$7M
Q4 25	$161M	$41M	$13M

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q1 23	$1M	$48M	—
Q2 23	$924K	$50M	—
Q3 23	$898K	$46M	—
Q4 23	$5M	$48M	—
Q1 24	$815K	$41M	—
Q2 24	$1M	$50M	—
Q3 24	$1M	—	$43M
Q4 24	$2M	—	$6M
Q1 25	$526K	—	$33M
Q2 25	$941K	—	$34M
Q3 25	$303K	—	$30M
Q4 25	—	—	$29M

Revenue Segments

Quarter	B&W Environmental Segment	B&W Renewable Segment	B&W Thermal Segment
Q2 23	$49M	$99M	$158M
Q3 23	$46M	$87M	$107M
Q2 24	$56M	$61M	$120M
Q1 25	$14M	$29M	$138M
Q2 25	$21M	$19M	$104M
Q3 25	$16M	$15M	$118M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$63M	$0	$63M
Q2 23	$55M	$0	$55M
Q3 23	$48M	$0	$48M
Q4 23	$71M	$0	$71M
Q1 24	$44M	$0	$44M
Q2 24	$95M	$0	$95M
Q3 24	$31M	$0	$31M
Q4 24	$23M	$0	$23M
Q1 25	$22M	$0	$22M
Q2 25	$22M	$0	$22M
Q3 25	$190M	$0	$190M
Q4 25	$90M	$0	$90M

Shares Outstanding

Revenue Per Employee

Revenue / Employee