BW
Babcock & Wilcox Enterprises, Inc.
BW lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
BW Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Weak | |
| Strong |
BW's revenue and balance sheet are currently strong, and its profitability is stable, but its cash flow is weak.
BW PE Valuation
BW has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 12x next year's earnings.
BW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect BW to return to profit, with revenue growing.
BW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.40 | — |
| Q3 2026 | -$0.40 | +$0.92 |
| Q2 2026 | -$0.12 | +$1.60 |
| Q1 2026 | -$0.82 | +$0.03 |
| Q4 2025 | -$0.48 | +$0.34 |
| Q3 2025 | -$1.32 | -$0.48 |
| Q2 2025 | -$1.72 | +$0.37 |
| Q1 2025 | -$0.85 | +$1.58 |
| Q4 2024 | -$0.82 | +$1.56 |
BW is still losing money, but far less than before: $0.40 per share over the past year, against $2.43 at its worst in early 2024.
BW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $290.8M | +95% |
| Q2 2026 | $319.7M | +122% |
| Q1 2026 | $214.4M | +18% |
| Q4 2025 | $138.8M | +109% |
| Q3 2025 | $149M | -29% |
| Q2 2025 | $144.1M | -38% |
| Q1 2025 | $181.2M | -13% |
| Q4 2024 | $66.3M | -71% |
BW's revenue has grown year over year for four quarters in a row: $291M last quarter, up 95% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.7% | +0.4 points |
| Q2 2026 | 3.7% | -2 points |
| Q1 2026 | -0.8% | -4 points |
| Q4 2025 | 4.2% | +34 points |
| Q3 2025 | 4.4% | +5.1 points |
| Q2 2025 | 5.6% | -12 points |
| Q1 2025 | 3.2% | +1.1 points |
| Q4 2024 | -30% | -30 points |
BW's operating margin was 4.7% last quarter, about level with the same quarter a year ago.
BW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$135.5M | -$97.9M |
| Q2 2026 | -$24M | +$4M |
| Q1 2026 | $10.7M | +$23.5M |
| Q4 2025 | -$7.2M | +$16.4M |
| Q3 2025 | -$37.6M | +$34.2M |
| Q2 2025 | -$28.1M | -$11.8M |
| Q1 2025 | -$12.8M | +$5.5M |
| Q4 2024 | -$23.6M | -363% |
BW has burned cash in most quarters: −$156M over the past year, against −$102M the year before.
BW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.7% | +4.2M shares |
| 1 year | +61% | +60M shares |
| 3 years | +79% | +70M shares |
| 5 years | +82% | +71.7M shares |
| Available history | +242% | +112M shares |
BW has 159M diluted shares, up 61% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $37.9M |
| Q4 2025 | — |
| Q3 2025 | $386,000 |
| Q4 2024 | $62,000 |
| Q3 2024 | $258,000 |
| Q2 2024 | $16,000 |
| Q1 2024 | — |
| Q4 2023 | $13,000 |
BW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.8x | Net Cash |
| Q2 2026 | -9.4x | Net Cash |
| Q1 2026 | -3.7x | Net Cash |
| Q4 2025 | -2.5x | Net Cash |
| Q3 2025 | -2.3x | Net Cash |
| Q2 2025 | -5.4x | Net Cash |
| Q1 2025 | 5.1x | High |
| Q4 2024 | 7.5x | High |
BW has more cash than debt.
BW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.8 | Neutral |
| Stochastic | 8.3 | Oversold |
BW's weekly RSI is 38 (neutral) and its Stochastic is 8 (oversold).
BW PE vs Industrials Sector
| Metric | BW | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
BW has no meaningful PE right now: it lost money over the past year.
BW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.82 | 0.8% above |
| 20 week MA | $7.42 | 35% below |
| 50 week MA | $10.4 | 53% below |
| 100 week MA | $6.13 | 21% below |
| 200 week MA | $4.63 | 5% above |
BW's trend is mixed: it's above two of its five weekly moving averages, and 5% above its 200-week average.
BW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.59 | $3.42 | -4.7% |
| 2021 | $3.42 | $9.25 | +170% |
| 2022 | $9.25 | $5.17 | -44% |
| 2023 | $5.17 | $1.46 | -72% |
| 2024 | $1.46 | $1.70 | +16% |
| 2025 | $1.70 | $5.25 | +209% |
| 2026 YTD | $5.25 | $4.86 | -7.4% |
BW's yearly returns have swung widely, from +209% in 2025 to −72% in 2023. It's down 7.4% so far in 2026.