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Companies / Industrials / Babcock & Wilcox Enterprises, Inc.
BW

Babcock & Wilcox Enterprises, Inc.

IndustrialsFabricated Metal
Ticker BWAKRON, OHFiscal year ends DecemberBook value per share $0.42Diluted shares 138.1M

Babcock & Wilcox Enterprises, Inc. (NYSE: BW) provides energy technologies, steam-generation equipment, emissions-control solutions and carbon-capture systems to electric utilities, industrial companies, municipalities and other customers worldwide. Its offerings include package boilers, waste-heat boilers,… From the company’s description.

In fiscal 2025, Babcock & Wilcox Enterprises, Inc. reported revenue of $587.68M, down 18.1% from fiscal 2024, and a net loss of $36.16M. Its operating margin was 3.5%, and operations used $68.89M in cash. Over the twelve months to Jun 30, 2026, revenue was $821.95M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$587.68MFY2025
−18.1% year over year
Last 12 mo $821.95M
3.53%FY2025
No change, year over year
Last 12 mo 2.74%
$-36.16MFY2025
+39.5% year over year
Last 12 mo $-18.35M
27.01%FY2025
+8 percentage points
Last 12 mo -31.99%
Cash & financing
$-68.89MFY2025
+42.0% year over year
Last 12 mo $-34.73M
$-85.66MFY2025
+34.1% year over year
Last 12 mo $-58.17M
-1.51FY2025
Was -1.78× a year earlier
Last 12 mo 5.31
105.4MFY2025
+14.9% year over year
Last 12 mo 138.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Babcock & Wilcox Enterprises, Inc. does

In the company’s own words

Babcock & Wilcox Enterprises, Inc. (NYSE: BW) provides energy technologies, steam-generation equipment, emissions-control solutions and carbon-capture systems to electric utilities, industrial companies, municipalities and other customers worldwide. Its offerings include package boilers, waste-heat boilers, technologies for producing steam and hydrogen from fuels including coal, natural gas, waste and biomass, and aftermarket parts, upgrades, construction, maintenance and field services for its own and other manufacturers’ equipment. Customers span power generation, data centers, oil and gas, refining, petrochemicals, food processing and metals. The company also serves industrial energy needs with hydrogen and syngas technologies. Following divestitures of non-core assets and a business-streamlining effort, it reports one segment, B&W. Its technologies and equipment are installed in more than 90 countries, and it has approximately 1,650 employees worldwide as of December 31, 2025. Its website is www.babcock.com.

Company details
Sector
Industrials
Industry (SIC)
Fabricated Metal
Headquarters
AKRON, OH
Fiscal year end
December
CIK
1630805
SIC
3433

Financial performance, year by year

Fiscal 2015–2025 · USD
$-973.07M$-228.43M$516.22M$1.26B$2.01B20152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Babcock & Wilcox Enterprises, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

107
funds hold it
1 of 35
superinvestors hold it
$495.69M
held by funds, at market
22.0%
of shares held by funds
1
bond issues held by funds

Superinvestors in Babcock & Wilcox Enterprises, Inc. · what they did last quarter

Polen CapitalDECREASED -8.1%
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Babcock & Wilcox Enterprises, Inc.’s weight in each

Hood River Small-Cap Growth Fund
HRSMX · Manager Directed Portfolios
1.40%of fund net assets
Columbia Small Cap Growth Fund
CGOAX · COLUMBIA FUNDS SERIES TRUST I
2.24%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.06%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Babcock & Wilcox Enterprises, Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Babcock & Wilcox Enterprises, Inc.’s debt, $89.46M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 8.75%, maturing 2030 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Babcock & Wilcox Enterprises, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Babcock & Wilcox Enterprises, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Babcock & Wilcox Enterprises, Inc.'s last four quarterly filings that the numbers alone won't show?”
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