Company Analysis

Babcock & Wilcox Enterprises, Inc. (BW)

NYSE: BW · Heating Equipment, Except Electric & Warm Air Furnaces · Akron, OH · filing with the SEC since 2015
Grade3.4
◀ Past 1.2● Present 3.3▶ Future 5.6
1 est.

The grade of Babcock & Wilcox Enterprises, Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.4/10
◀ Past1.230% of the headline
● Present3.340% of the headline
▶ Future5.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.2/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
0.8/10

Has it survived what it has been through?

5 warning events since 2017; the latest 2025-04-10.

weight 33% of this tense · 8th percentile among 37 sector filers · read for itself

From the record

Babcock & Wilcox Enterprises, Inc.'s filings since 2017 show 5 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2025-04-10); an auditor change (8-K item 4.01, the latest 2025-04-10); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2025-03-17) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
0.9/10

What has it actually done, year after year?

-8.1% a year over 8 filed years; profitable in 1 of 8.

weight 45% of this tense · 9th percentile among 34 sector filers · read for its customers

From the record

Babcock & Wilcox Enterprises, Inc.'s 8 filed years say what it did: revenue went from $1.1 billion in fiscal 2018 to $588 million in fiscal 2025, down 8.1% a year; it rose in 2 of 7 years; the deepest fall was 47% from fiscal 2018 to fiscal 2020; net income was positive in 1 of 8 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-8.1%bottom 2% of its family
  • the share of years revenue rosebottom 7% of its family
  • the share of filed years with a profitbottom 13% of its family
  • the deepest fall from a revenue peak46.7%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
2.3/10

How has it treated the people who own it?

SI estimate 2.3/10, confidence 35 of 100 (one part).

weight 22% of this tense · 23rd percentile among 34 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 23% of 34 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 34 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Babcock & Wilcox Enterprises, Inc.'s shareholder treatment is put at 2.3 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 23% of 34 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.3/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
2.5/10

Is it financially healthy right now?

Leverage 120%: owes 120¢ per asset dollar.

weight 45% of this tense · 25th percentile among 34 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Babcock & Wilcox Enterprises, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 22 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 120 cents per dollar of assets, and net share issuance: its share count grew 14.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 7% of its family
  • gross profit against assetstop 48% of its family
  • the share count against the year beforebottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.6/10

How strong is its position in its industry?

bottom 36% of 35 in its family; net margin -6.2%.

weight 33% of this tense · 36th percentile among 35 sector filers · read for its customers

From the record

Babcock & Wilcox Enterprises, Inc.'s standing among 35 graded names in its industry family: revenue of $588 million in fiscal 2025 ranks in the top 50% by size; a net margin of -6.2% ranks in the bottom 16%; revenue growth of -1.2% a year over the last 3 filed years ranks in the bottom 43% (its annual reports).

What it rests on

  • revenue against the family$588Mtop 50% of its family
  • net margin-6.2%bottom 16% of its family
  • three-year revenue growth-1.2%bottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.5/10

What are the people in charge doing?

bottom 45% of 28 in its family for leadership; chief executive since 2018.

weight 22% of this tense · 45th percentile among 28 sector filers · read for its shareholders

From the record

Babcock & Wilcox Enterprises, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Young, Kenneth M (Chief Executive Officer, as filed), filing under that title since 2018-11-27, 8 years (top 30% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 6.2 years (bottom 44%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (bottom 19%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge8 in three years among 12 peoplebottom 19% of its family
  • the median years the people in charge have filed6.2 yearsbottom 44% of its family
  • the chief executive's years on the record8.0 yearstop 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.5/10

How much room does it have to grow?

bottom 45% of 32 in its family for room to expand.

weight 45% of this tense · 45th percentile among 32 sector filers · read for itself

From the record

Babcock & Wilcox Enterprises, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $89 million against no long-term debt tagged leaves 13.5% of its assets as net cash, top 24% of its family; cash from operations less capital spending is -14.6% of revenue (bottom 11%); a gross margin of 24.5% (bottom 48%) (its annual report).

What it rests on

  • cash less debt against assets13.5%top 24% of its family
  • cash from operations less capital spending against revenue-14.6%bottom 11% of its family
  • gross margin24.5%bottom 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.3/10

What could actually drive growth from here?

top 37% of 34 in its family for growth drivers.

weight 33% of this tense · 63rd percentile among 34 sector filers · read for its customers

From the record

Babcock & Wilcox Enterprises, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -1.2% a year over the last three filed years against -8.1% over all 8, speeding up (top 8% of its family); the newest year grew 1.1% (bottom 40%); research spending grew 9.4% a year (top 42%); capital spending grew 8.2% a year (top 38%) (its annual reports). Babcock & Wilcox Enterprises, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+6.9 points a yeartop 8% of its family
  • the newest year's revenue growth1.1%bottom 40% of its family
  • three-year growth of research spending9.4%top 42% of its family
  • three-year growth of capital spending8.2%top 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.9/10

Did its newest year beat what its own record pointed to?

top 31% of 34 in its family for expectations against reality.

weight 22% of this tense · 69th percentile among 34 sector filers · read for its shareholders

From the record

Babcock & Wilcox Enterprises, Inc.'s newest year against its own record: revenue of $588 million in fiscal 2025 came in 3.6% above the $567 million its prior three years' pace pointed to (bottom 40% of its family); net income of $36 million against a prior three-year average of $93 million (top 19%); a net margin of -6.2% against -15.9% before (top 13%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace3.6%bottom 40% of its family
  • net income against the prior three years' average+61%top 19% of its family
  • net margin against its prior average+9.7 pointstop 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BW · research, not advice