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About

Babcock & Wilcox Enterprises, Inc., together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers in the United States, Canada, the United Kingdom, Indonesia, and Philippines. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal. The Babcock & Wilcox Renewable segment offers technologies divert the waste from landfills for power generation and replacing fossil fuels and recovering metals and reducing emissions. It offers BrightLoop, a hydrogen generation technology that generates hydrogen from a range of fuels, including solid fuels, such as biomass and coal. This segment also provides technologies for power and heat generation comprising waste-to-energy; OxyBright, an oxygen-fired biomass-to-energy technology; and black liquor systems for the pulp and paper industry. The Babcock & Wilcox Environmental segment offers a range of emissions control and environmental technology solutions for utility, waste-to-energy, biomass-to-energy, carbon black, and industrial steam generation applications. This segment provides systems for cooling, ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control under the SolveBright, OxyBright, BrightLoop, and BrightGen names. The Babcock & Wilcox Thermal segment offers aftermarket parts, construction, maintenance, engineered upgrades, and field services for its installed bases, as well as the installed base of other OEMs for power generation, oil and gas, petrochemical, food processing, metals, and others. This segment also provides steam generation systems, including package boilers, watertube and firetube waste heat boilers, and other boilers to medium and heavy industrial customers. Babcock & Wilcox Enterprises, Inc. was founded in 1867 and is headquartered in Akron, Ohio.

Fundamentals
Scroll to Statements
Sector Industrials Industry Specialty Industrial Mac Market Cap 1.03B
Enterprise Value 1.45B Income -66.80M Sales 721.28M
Book/sh -2.09 Cash/sh 0.28 Dividend Yield
Payout 0.00% Employees 1900 IPO
P/E Forward P/E 696.17 PEG
P/S 1.43 P/B -4.44 P/C
EV/EBITDA 80.98 EV/Sales 2.01 Quick Ratio 0.51
Current Ratio 1.20 Debt/Eq LT Debt/Eq
EPS (ttm) -0.70 EPS next Y 0.01 EPS Growth
Revenue Growth -2.40% Earnings 2026-03-16 ROA 0.62%
ROE ROIC Gross Margin 26.15%
Oper. Margin 4.21% Profit Margin -15.05% Shs Outstand 111.10M
Shs Float 74.23M Short Float 3.68% Short Ratio 0.84
Short Interest 52W High 11.57 52W Low 0.22
Beta 1.53 Avg Volume 3.01M Volume 439.51K
Target Price $8.75 Recom None Prev Close $9.18
Price $9.28 Change 1.09%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$8.75
Mean price target
2. Current target
$9.28
Latest analyst target
3. DCF / Fair value
$-4.73
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.28
Low
$6.00
High
$10.00
Mean
$8.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-22 init Northland Capital Markets — → Outperform $10
2025-11-12 main DA Davidson Neutral → Neutral $6
2025-04-01 main Lake Street Buy → Buy $5
2024-07-08 main Craig-Hallum Hold → Hold $2
2024-04-11 main Lake Street Buy → Buy $8
2024-03-19 main DA Davidson Buy → Buy $4
2023-11-10 down Craig-Hallum Buy → Hold $2
2023-05-11 reit Credit Suisse Underperform → Underperform $5
2022-11-10 main Credit Suisse — → Underperform $5
2022-08-10 main Credit Suisse — → Underperform $7
2022-07-19 init Craig-Hallum — → Buy $11
2021-09-09 main Credit Suisse — → Underperform $6
2021-03-25 init Lake Street — → Buy $12
2021-03-25 init DA Davidson — → Buy $10
2020-04-22 main Credit Suisse — → Underperform $1
2018-03-19 main Credit Suisse Underperform → Underperform $4
2017-08-14 down UBS Buy → Neutral
2017-08-11 main Credit Suisse — → Underperform $4
2017-03-01 down Keybanc Overweight → Sector Weight
2016-10-13 down Credit Suisse Neutral → Underperform
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1155382 10398438.0 Sale at price 9.00 per share. BRC GROUP HOLDINGS, INC. Beneficial Owner of more than 10% of a Class of Security 2026-02-11 00:00:00 I
1 85000 516800.0 Conversion of Exercise of derivative security at price 6.08 per share. BARTOLI HENRY E Director 2025-11-21 00:00:00 D
2 2853 20114.0 Purchase at price 7.05 per share. FRYMYER CAMERON M Chief Financial Officer 2025-11-12 00:00:00 D
3 10000 18599.0 Purchase at price 1.86 per share. MOELLER PHILIP DONN Director 2025-08-27 00:00:00 D
4 174000 299280.0 Conversion of Exercise of derivative security at price 1.72 per share. RIKER CHRISTOPHER S Chief Operating Officer 2025-08-25 00:00:00 D
5 174000 299280.0 Conversion of Exercise of derivative security at price 1.72 per share. RIKER CHRISTOPHER S Chief Operating Officer 2025-08-25 00:00:00 D
6 20000 31000.0 Purchase at price 1.55 per share. FRYMYER CAMERON M Chief Financial Officer 2025-08-19 00:00:00 D
7 2915 3906.0 Sale at price 1.34 per share. DZIEWISZ JOHN JOSEPH General Counsel 2025-08-07 00:00:00 D
8 26666 30399.0 Conversion of Exercise of derivative security at price 1.14 per share. MORGAN JIMMY B Officer 2025-08-05 00:00:00 D
9 26666 30399.0 Conversion of Exercise of derivative security at price 1.14 per share. DZIEWISZ JOHN JOSEPH General Counsel 2025-08-05 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-2.53M-1.12M1.67M3.05M
TaxRateForCalcs0.210.210.210.27
NormalizedEBITDA14.11M2.94M50.73M67.85M
TotalUnusualItems-12.05M-5.35M7.94M11.30M
TotalUnusualItemsExcludingGoodwill-12.05M-5.35M7.94M11.30M
NetIncomeFromContinuingOperationNetMinorityInterest-73.10M-76.03M-10.46M28.67M
ReconciledDepreciation16.71M21.00M23.99M18.34M
ReconciledCostOfRevenue540.31M550.61M464.30M535.83M
EBITDA2.06M-2.41M58.67M79.15M
EBIT-14.64M-23.41M34.68M60.81M
NetInterestIncome-45.33M-41.49M-39.21M-38.99M
InterestExpense46.15M42.57M39.80M33.53M
InterestIncome814.00K1.08M586.00K531.00K
NormalizedIncome-63.58M-71.81M-16.74M20.42M
NetIncomeFromContinuingAndDiscontinuedOperation-59.91M-197.21M-22.86M30.89M
TotalExpenses687.58M707.96M619.56M702.27M
TotalOperatingIncomeAsReported25.08M16.61M-1.15M19.42M
DilutedAverageShares91.70M89.00M88.30M83.60M
BasicAverageShares91.70M89.00M88.30M82.40M
DilutedEPS-0.82-2.38-0.430.26
BasicEPS-0.82-2.380.430.26
DilutedNIAvailtoComStockholders-74.77M-212.07M-37.72M21.77M
NetIncomeCommonStockholders-74.77M-212.07M-37.72M21.77M
PreferredStockDividends14.86M14.86M14.86M9.13M
NetIncome-59.91M-197.21M-22.86M30.89M
MinorityInterests-136.00K-237.00K3.72M-644.00K
NetIncomeIncludingNoncontrollingInterests-59.78M-196.97M-26.58M31.54M
NetIncomeDiscontinuousOperations13.18M-121.18M-12.40M2.23M
NetIncomeContinuousOperations-72.96M-75.79M-14.19M29.31M
TaxProvision12.17M9.82M9.07M-2.03M
PretaxIncome-60.79M-65.98M-5.12M27.29M
OtherIncomeExpense-45.21M-43.85M44.22M57.67M
OtherNonOperatingIncomeExpenses-33.17M-38.50M36.27M46.37M
SpecialIncomeCharges-11.94M-2.75M8.96M15.59M
GainOnSaleOfPPE354.00K-134.00K8.76M15.69M
GainOnSaleOfBusiness0.000.00-1.75M
OtherSpecialCharges7.27M-6.53M
ImpairmentOfCapitalAssets3.73M0.000.000.00
RestructuringAndMergernAcquisition1.30M2.62M-205.00K4.87M
GainOnSaleOfSecurity-109.00K-2.59M-1.02M-4.29M
NetNonOperatingInterestIncomeExpense-45.33M-41.49M-39.21M-38.99M
TotalOtherFinanceCost6.00M
InterestExpenseNonOperating46.15M42.57M39.80M33.53M
InterestIncomeNonOperating814.00K1.08M586.00K531.00K
OperatingIncome29.75M19.36M-10.12M8.61M
OperatingExpense147.27M157.34M155.25M166.44M
ResearchAndDevelopment5.79M7.20M2.56M1.59M
SellingGeneralAndAdministration141.48M150.15M152.70M164.85M
SellingAndMarketingExpense190.52M180.55M151.76M
GeneralAndAdministrativeExpense141.48M150.15M152.70M164.85M
OtherGandA141.48M150.15M152.70M164.85M
GrossProfit177.03M176.70M145.13M175.05M
CostOfRevenue540.31M550.61M464.30M535.83M
TotalRevenue717.33M727.32M609.44M710.87M
OperatingRevenue717.33M727.32M609.44M710.87M
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber2.38M2.14M1.87M1.52M
PreferredSharesNumber7.67M7.67M7.67M7.67M
OrdinarySharesNumber95.14M89.45M88.70M86.29M
ShareIssued97.52M91.59M90.57M87.81M
NetDebt450.52M339.63M276.28M115.42M
TotalDebt537.93M434.23M410.27M402.74M
TangibleBookValue-385.03M-309.74M-154.65M-127.19M
InvestedCapital190.08M178.45M349.87M373.36M
WorkingCapital101.69M147.37M186.08M329.05M
NetTangibleAssets-384.95M-309.66M-154.57M-127.11M
CapitalLeaseObligations64.01M54.74M57.75M62.45M
CommonStockEquity-283.84M-201.04M-2.65M33.07M
PreferredStockEquity77.00K77.00K77.00K77.00K
TotalCapitalization65.02M172.35M346.12M361.06M
TotalEquityGrossMinorityInterest-283.17M-200.35M-2.09M58.62M
MinorityInterest591.00K611.00K485.00K25.47M
StockholdersEquity-283.76M-200.96M-2.57M33.15M
GainsLossesNotAffectingRetainedEarnings-86.66M-66.36M-72.79M-58.82M
OtherEquityAdjustments-86.66M-66.36M-72.79M-58.82M
TreasuryStock115.50M115.16M113.75M110.93M
RetainedEarnings-1.65B-1.57B-1.36B-1.32B
AdditionalPaidInCapital1.56B1.55B1.54B1.52B
CapitalStock5.29M5.22M5.21M5.19M
CommonStock5.21M5.15M5.14M5.11M
PreferredStock77.00K77.00K77.00K77.00K
TotalLiabilitiesNetMinorityInterest1.01B976.05M943.78M854.64M
TotalNonCurrentLiabilitiesNetMinorityInterest621.67M625.83M572.24M601.26M
OtherNonCurrentLiabilities10.37M13.95M16.60M33.17M
LiabilitiesHeldforSaleNonCurrent0.005.36M5.65M
EmployeeBenefits192.66M172.91M136.18M182.73M
NonCurrentPensionAndOtherPostretirementBenefitPlans192.66M172.91M136.18M182.73M
NonCurrentDeferredLiabilities11.03M10.22M12.06M1.40M
NonCurrentDeferredTaxesLiabilities11.03M10.22M12.06M1.40M
LongTermDebtAndCapitalLeaseObligation407.60M423.39M401.76M383.96M
LongTermCapitalLeaseObligation58.82M50.08M53.07M56.05M
LongTermDebt348.78M373.31M348.69M327.91M
CurrentLiabilities388.49M350.22M371.53M253.38M
OtherCurrentLiabilities54.40M137.93M24.75M
CurrentDeferredLiabilities58.48M59.12M130.94M68.38M
CurrentDeferredRevenue58.48M59.12M130.94M68.38M
CurrentDebtAndCapitalLeaseObligation130.33M10.83M8.51M18.77M
CurrentCapitalLeaseObligation5.19M4.66M4.68M6.39M
CurrentDebt125.14M6.17M3.83M12.38M
OtherCurrentBorrowings125.14M6.17M3.83M12.38M
PensionandOtherPostRetirementBenefitPlansCurrent4.86M3.75M12.51M12.99M
CurrentProvisions9.57M12.93M
PayablesAndAccruedExpenses140.43M138.59M194.82M153.24M
CurrentAccruedExpenses39.40M55.44M63.60M67.31M
Payables101.03M83.15M131.22M85.93M
AccountsPayable101.03M83.15M131.22M85.93M
TotalAssets726.99M775.70M941.69M913.26M
TotalNonCurrentAssets236.80M278.11M384.08M330.83M
OtherNonCurrentAssets33.19M71.86M116.82M54.78M
NonCurrentDeferredAssets41.00K2.10M2.00M
NonCurrentDeferredTaxesAssets41.00K2.10M2.00M
GoodwillAndOtherIntangibleAssets101.19M108.70M152.00M160.26M
OtherIntangibleAssets19.05M23.58M51.56M43.80M
Goodwill82.14M85.12M100.44M116.46M
NetPPE102.38M95.44M113.25M115.79M
AccumulatedDepreciation-129.21M-125.99M-146.49M-138.72M
GrossPPE231.59M221.44M259.74M254.51M
ConstructionInProgress14.47M13.78M11.41M12.48M
OtherProperties67.71M56.73M58.91M64.32M
MachineryFurnitureEquipment123.68M125.20M151.61M144.32M
BuildingsAndImprovements24.24M24.26M35.33M31.89M
LandAndImprovements1.49M1.45M2.48M1.49M
Properties0.000.000.000.00
CurrentAssets490.19M497.59M557.61M582.43M
OtherCurrentAssets25.10M42.20M27.00M29.39M
AssetsHeldForSaleCurrent43.55M162.32M21.36M
RestrictedCash94.17M3.91M15.34M1.84M
Inventory108.89M97.58M102.64M79.53M
FinishedGoods14.92M13.53M12.56M17.45M
WorkInProcess6.71M5.43M2.52M5.72M
RawMaterials87.26M78.63M87.55M56.35M
Receivables195.08M151.73M315.04M246.80M
OtherReceivables82.40M50.31M156.68M114.73M
AccountsReceivable112.68M101.42M158.36M132.07M
AllowanceForDoubtfulAccountsReceivable-1.80M-2.00M-12.70M-11.90M
GrossAccountsReceivable114.48M103.42M171.06M143.97M
CashCashEquivalentsAndShortTermInvestments23.40M39.86M76.24M224.87M
CashAndCashEquivalents23.40M39.86M76.24M224.87M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-129.94M-52.07M-43.88M-117.88M
RepurchaseOfCapitalStock-336.00K-1.41M-2.82M-4.94M
RepaymentOfDebt-123.30M-227.82M-19.35M-257.42M
IssuanceOfDebt215.62M252.54M27.36M324.97M
IssuanceOfCapitalStock7.94M0.000.00274.12M
CapitalExpenditure-11.21M-9.80M-13.24M-6.68M
InterestPaidSupplementalData37.32M23.07M25.67M20.23M
IncomeTaxPaidSupplementalData7.76M6.73M7.95M4.99M
EndCashPosition131.06M71.37M113.46M226.72M
BeginningCashPosition71.37M113.46M226.72M67.42M
EffectOfExchangeRateChanges-1.26M-439.00K-2.65M1.22M
ChangesInCash60.96M-41.65M-110.60M158.07M
FinancingCashFlow69.73M8.56M-11.16M302.81M
CashFlowFromContinuingFinancingActivities69.73M8.56M-11.16M302.81M
NetOtherFinancingCharges-11.61M-3.61M-1.50M-24.78M
ProceedsFromStockOptionExercised0.000.000.00
CashDividendsPaid-18.57M-11.14M-14.86M-9.13M
PreferredStockDividendPaid-18.57M-11.14M-14.86M-9.13M
NetPreferredStockIssuance0.000.00113.28M
PreferredStockIssuance0.000.00113.28M
NetCommonStockIssuance7.60M-1.41M-2.82M155.90M
CommonStockPayments-336.00K-1.41M-2.82M-4.94M
CommonStockIssuance7.94M0.000.00160.84M
NetIssuancePaymentsOfDebt92.31M24.72M8.01M67.55M
NetShortTermDebtIssuance0.000.00-164.30M
ShortTermDebtPayments0.000.00-178.80M
ShortTermDebtIssuance0.000.0014.50M
NetLongTermDebtIssuance92.31M24.72M8.01M231.85M
LongTermDebtPayments-123.30M-227.82M-19.35M-78.62M
LongTermDebtIssuance215.62M252.54M27.36M310.47M
InvestingCashFlow109.96M-7.94M-68.80M-33.54M
CashFlowFromContinuingInvestingActivities109.96M-7.94M-68.80M-33.54M
NetOtherInvestingChanges34.00K-102.00K466.00K
NetInvestmentPurchaseAndSale224.00K1.96M3.39M3.09M
SaleOfInvestment7.36M8.05M9.81M15.69M
PurchaseOfInvestment-7.13M-6.09M-6.43M-12.61M
NetBusinessPurchaseAndSale120.91M0.00-59.42M-29.95M
SaleOfBusiness120.91M0.005.50M25.39M
PurchaseOfBusiness0.000.00-64.91M-55.34M
NetPPEPurchaseAndSale-11.21M-9.80M-13.24M-6.68M
PurchaseOfPPE-11.21M-9.80M-13.24M-6.68M
OperatingCashFlow-118.73M-42.27M-30.64M-111.20M
CashFlowFromContinuingOperatingActivities-118.73M-42.27M-30.64M-111.20M
ChangeInWorkingCapital-99.88M14.87M-39.83M-143.30M
ChangeInOtherWorkingCapital-15.74M-59.57M21.33M-79.49M
ChangeInPayablesAndAccruedExpense-22.76M11.18M40.16M-40.89M
ChangeInAccruedExpense-30.90M-1.75M-12.52M-47.97M
ChangeInPayable8.14M12.93M52.68M7.08M
ChangeInAccountPayable8.14M12.93M52.68M7.08M
ChangeInInventory-6.41M-8.13M-19.00M-3.05M
ChangeInReceivables-54.97M71.39M-82.33M-19.87M
ChangesInAccountReceivables-13.39M31.22M-28.22M225.00K
OtherNonCashItems16.11M13.44M3.79M13.90M
StockBasedCompensation4.69M8.70M9.98M7.80M
AssetImpairmentCharge9.57M56.56M7.22M0.00
DeferredTax7.10M-1.46M5.90M-7.75M
DeferredIncomeTax7.10M-1.46M5.90M-7.75M
DepreciationAmortizationDepletion16.71M21.00M23.99M18.34M
DepreciationAndAmortization16.71M21.00M23.99M18.34M
Depreciation18.34M
OperatingGainsLosses-13.26M41.61M-15.10M-31.73M
PensionAndEmployeeBenefitExpense34.91M38.90M-6.85M-15.51M
NetForeignCurrencyExchangeGainLoss3.08M2.51M582.00K4.29M
GainLossOnSaleOfBusiness-58.95M0.000.001.75M
NetIncomeFromContinuingOperations-59.78M-196.97M-26.58M31.54M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for BW
Date User Asset Broker Type Position Size Entry Price Patterns