balance equationreview2019-12-31
Difference 7285000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
Revenue
$587.68M
Fiscal year ended 2025-12-31Operating income
$20.74M
Fiscal year ended 2025-12-31Free cash flow
-$85.66M
Fiscal year ended 2025-12-31Babcock & Wilcox Enterprises, Inc. (BW) reported revenue of $587.68M and net income of -$36.16M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Babcock & Wilcox Enterprises, Inc.’s SEC filings, each linked to the filing it came from.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $587.68M | $581.04M | $587.45M | $609.44M | $710.87M | $566.32M | $859.11M | $1.06B | $1.34B | $1.42B |
| Cost of revenue | $443.82M | $454.33M | $465.98M | $464.30M | $535.82M | $400.46M | $698.85M | $1.19B | $1.32B | $1.28B |
| Gross profit | $143.85M | $126.71M | $121.47M | $145.14M | $175.05M | $165.85M | $160.26M | -$129.64M | $24.22M | $138.27M |
| Operating income | $20.74M | -$6.34M | -$20.06M | -$1.15M | $19.42M | -$1.74M | -$29.38M | -$426.60M | -$316.36M | -$110.02M |
| Net income | -$36.16M | -$59.92M | -$197.21M | -$22.86M | $30.89M | -$10.32M | -$121.97M | -$725.29M | -$379.82M | -$115.65M |
| Research & development | Unavailable | Unavailable | Unavailable | $3.80M | $1.60M | $4.40M | $2.90M | $3.78M | $7.61M | $8.85M |
| Weighted-average diluted shares | shares 105.42M | shares 91.72M | shares 89.01M | shares 88.26M | shares 83.58M | shares 48.71M | shares 31.51M | Unavailable | shares 46.94M | shares 50.13M |
| Pretax income | -$24.57M | -$91.47M | -$103.61M | -$5.12M | $27.28M | -$3.92M | -$124.45M | -$555.80M | -$317.55M | -$119.63M |
| Income tax expense | $8.28M | $12.80M | $5.60M | $9.07M | -$2.03M | $8.18M | $5.29M | $102.22M | $63.71M | $2.71M |
| Diluted EPS | $-0.48 | $-0.82 | $-2.38 | $-0.43 | $0.26 | $-0.21 | $-3.87 | Unavailable | $-8.09 | $-2.31 |
| Selling, general & administrative | $119.48M | $124.54M | $134.94M | $152.70M | $151.76M | $141.75M | $151.07M | $204.71M | $221.14M | $217.08M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $89.46M | $26.86M | $65.34M | $76.73M | $224.87M | $57.34M | $43.77M | $43.21M | $43.72M | $87.43M |
| Total assets | $662.94M | $726.99M | $775.70M | $941.69M | $913.26M | $599.08M | $626.52M | $745.50M | $1.32B | $1.53B |
| Current assets | $470.68M | $553.47M | $497.59M | $557.61M | $582.43M | $396.08M | $412.22M | $549.62M | $732.26M | $777.53M |
| Total liabilities | $794.48M | $1.01B | $976.05M | $943.78M | $854.64M | $930.05M | $921.46M | $1.02B | $1.13B | $968.19M |
| Current liabilities | $386.69M | $406.65M | $350.22M | $371.53M | $253.38M | $270.83M | $602.49M | $711.99M | $744.33M | $617.54M |
| Total equity incl. NCI | -$131.54M | -$283.17M | -$200.35M | -$2.09M | $58.62M | -$330.98M | -$287.65M | -$270.01M | $190.70M | $560.95M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $60.88M | $58.30M | $97.58M | $102.64M | $79.53M | $74.45M | $63.10M | $61.32M | $72.92M | $85.81M |
| Accounts receivable | $118.38M | $91.77M | $77.47M | $158.36M | $132.07M | $128.32M | $142.20M | $197.20M | $252.51M | $282.35M |
| Goodwill | $53.10M | $51.41M | $54.30M | $84.17M | $116.46M | $47.36M | $47.16M | $47.11M | $85.68M | $163.09M |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $183.33M | Unavailable | $30.65M | $0 | Unavailable |
| Accounts payable | $69.19M | $88.29M | $83.15M | $131.22M | $85.93M | $73.48M | $109.91M | $199.88M | $205.40M | $220.74M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$68.89M | -$118.74M | -$42.27M | -$30.64M | -$111.20M | -$40.81M | -$176.32M | -$281.88M | -$189.83M | $2.27M |
| Capital expenditures | $16.77M | $11.20M | $9.80M | $13.24M | $6.68M | $8.23M | $3.80M | $5.47M | $14.28M | $22.45M |
| Investing cash flow | $197.01M | $109.96M | -$7.94M | -$68.80M | -$33.54M | $2.22M | $8.78M | $179.22M | -$63.93M | -$190.22M |
| Financing cash flow | -$58.73M | $69.73M | $8.56M | -$11.16M | $302.81M | $44.10M | $167.02M | $82.61M | $206.12M | -$83.43M |
| Net change in cash | $70.30M | $59.70M | -$42.09M | -$113.26M | $159.29M | $10.48M | -$3.34M | -$9.42M | -$39.22M | -$269.30M |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | $386.00K | $336.00K | $1.41M | $2.82M | $4.94M | $283.00K | $117.00K | $805.00K | $967.00K | $78.41M |
| Depreciation & amortization | $10.14M | $16.71M | $21.00M | $23.99M | $18.34M | $16.80M | $23.60M | $32.00M | $40.14M | $39.58M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | -$85.66M | -$129.94M | -$52.07M | -$43.88M | -$117.88M | -$49.04M | -$180.12M | -$287.36M | -$204.11M | -$20.18M |
| Gross margin | 24.5% | 21.8% | 20.7% | 23.8% | 24.6% | 29.3% | 18.7% | Unavailable | 1.8% | 9.7% |
| Operating margin | 3.5% | -1.1% | -3.4% | -0.2% | 2.7% | -0.3% | -3.4% | -40.2% | -23.6% | -7.7% |
| FCF margin | -14.6% | -22.4% | -8.9% | -7.2% | -16.6% | -8.7% | -21.0% | -27.0% | -15.2% | -1.4% |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | 1.22x | 1.36x | 1.42x | 1.50x | 2.30x | 1.46x | 0.68x | 0.77x | 0.98x | 1.26x |
| Revenue YoY growth | 1.1% | -1.1% | -3.6% | -14.3% | 25.5% | -34.1% | -19.1% | -20.8% | -5.6% | Unavailable |
| Net margin | -6.2% | -10.3% | -33.6% | -3.8% | 4.3% | -1.8% | -14.2% | -68.3% | -28.3% | -8.1% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 0.8% | 0.3% | 0.4% | 0.6% | 0.6% |
| CapEx / revenue | 2.9% | 1.9% | 1.7% | 2.2% | 0.9% | 1.5% | 0.4% | 0.5% | 1.1% | 1.6% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | -7.4% | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BW in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-10View SEC filing
10-Q · Filed 2026-05-11View SEC filing
10-K · Filed 2026-03-16View SEC filing
10-Q · Filed 2025-11-10View SEC filing
10-Q · Filed 2025-08-11View SEC filing
10-Q · Filed 2025-05-12View SEC filing
Reconciliation checks needing review
4 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
balance equationreview2018-12-31
Difference 7285000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
cash flow reconciliationreview2018-12-31
Operating, investing and financing flows differ from the reported change in cash by 12950000, beyond tolerance 2818850.00.
cash flow reconciliationreview2016-12-31
Operating, investing and financing flows differ from the reported change in cash by 9374000, beyond tolerance 1902160.00.