BWBabcock & Wilcox Enterprises, Inc.
Heating Equipment, Except Electric & Warm Air Furnaces
- Revenue
- $588M
- 1.1% YoY
- Operating margin
- 3.5%
- 424% YoY
- EBITDA
- $31M
- 198% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -4.1×
- −$127M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear-1% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear5% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $711M | $609M | $587M | $581M | $588M | 1.1% |
| Operating income | $19M | −$1M | −$20M | −$6M | $21M | 427% |
| Net income | $32M | −$14M | −$76M | −$73M | −$33M | 55% |
| Operating cash flow | −$111M | −$31M | −$42M | −$119M | −$69M | 42% |
| Capex | $7M | $13M | $10M | $11M | $17M | 50% |
| Buybacks | $5M | $3M | $1M | $336K | $386K | 15% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $2M | $4M | 179 | 283 |
| FY2024 | $3M | $3M | 45 | 222 |
| FY2023 | $1M | −$469K | 40 | 163 |
| FY2022 | $3M | $3M | 158 | 128 |
| FY2021 | $2M | $5M | 247 | 121 |