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

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

Babcock & Wilcox Enterprises, Inc. operates as a globally-focused energy technologies provider with nearly 160 years of experience delivering diversified energy and emissions control solutions to industrial, electrical utility, municipal and other customers worldwide. The company's website is www.babcock.com. From the company’s description.

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. operates as a globally-focused energy technologies provider with nearly 160 years of experience delivering diversified energy and emissions control solutions to industrial, electrical utility, municipal and other customers worldwide. The company's website is www.babcock.com.

The company supports global energy needs and baseload power demand by providing advanced technologies that utilize coal, natural gas, hydrogen, waste and biomass to produce energy, environmental solutions and carbon capture systems. B&W's core offerings include complete steam generation systems such as package boilers, watertube and firetube waste heat boilers, and specialized industrial energy production technologies including hydrogen and syngas generation. The company maintains an extensive global installed base of steam generation equipment and provides comprehensive aftermarket services including parts, construction, maintenance, engineered upgrades and field services for both its own equipment and that of other original equipment manufacturers.

As of December 31, 2025, the company employed approximately 1,650 employees worldwide, with roughly 1,600 full-time positions. Approximately 300 hourly employees are union-affiliated across facilities in Mexico, the United States and Canada. The company operates manufacturing facilities in multiple countries and serves customers across more than 90 countries globally.

In the fourth quarter of 2025, B&W reassessed its segment structure following completion of a strategic shift to streamline and simplify its business, which included divestiture of certain non-core assets. The company now operates as a single reportable segment labeled B&W. The company's business depends significantly on capital, operations and maintenance expenditures of global electric power generating companies and industrial facilities with environmental compliance requirements. Key customer markets include utilities and power generation, artificial intelligence data centers, and various industrial sectors including oil and gas, refining, petrochemical, food processing and metals.

B&W's competitive advantages derive from its extensive technical expertise, proven platforms for fuel conversion to steam, strong brand recognition and substantial installed base globally. The company competes with numerous domestic and foreign companies on bases including price, technical capabilities, quality, timeliness of performance and breadth of products and services offered.

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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