Babcock & Wilcox Enterprises, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $587.7M | $581.0M | $587.4M | $609.4M | $710.9M |
| Cost of revenue | $443.8M | $454.3M | $466.0M | $464.3M | $535.8M |
| Selling, general & administrative | $119.5M | $124.5M | $134.9M | $152.7M | $151.8M |
| Research and development | — | — | — | $3.8M | $1.6M |
| Operating income | $20.7M | -$6.3M | -$20.1M | -$1.2M | $19.4M |
| Interest expense | $37.5M | $46.1M | $42.6M | $39.8M | $39.5M |
| Pretax income | -$24.6M | -$91.5M | -$103.6M | -$5.1M | $27.3M |
| Income tax expense | $8.3M | $12.8M | $5.6M | $9.1M | -$2.0M |
| Net income | -$36.2M | -$59.9M | -$197.2M | -$22.9M | $30.9M |
| Balance Sheet | |||||
| Cash and equivalents | $89.5M | $26.9M | $65.3M | $76.7M | $224.9M |
| Current assets | $470.7M | $553.5M | $497.6M | $557.6M | $582.4M |
| Total assets | $662.9M | $727.0M | $775.7M | $941.7M | $913.3M |
| Current liabilities | $386.7M | $406.7M | $350.2M | $371.5M | $253.4M |
| Total liabilities | $794.5M | $1.0B | $976.0M | $943.8M | $854.6M |
| Stockholders' equity | -$131.5M | -$283.8M | -$201.0M | -$2.6M | $33.1M |
| Cash Flow Statement | |||||
| Cash from operations | -$68.9M | -$118.7M | -$42.3M | -$30.6M | -$111.2M |
| Depreciation and amortization | $10.1M | $16.7M | $21.0M | $24.0M | $18.3M |
| Capital expenditure | $16.8M | $11.2M | $9.8M | $13.2M | $6.7M |
| Free cash flow | -$85.7M | -$129.9M | -$52.1M | -$43.9M | -$117.9M |
| Share repurchases | $386,000 | $336,000 | $1.4M | $2.8M | $4.9M |
| Impairments | $9.9M | $9.6M | $56.6M | $7.2M | $0 |
Shares outstanding 136.2M · Free float 39.1%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.