# Babcock & Wilcox Enterprises, Inc.: overview

BW · NYSE · CIK 1630805 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/bw.md) · [Financials](/companies/bw/financials.md) · [Filings](/companies/bw/filings.md) · [Insiders](/companies/bw/insiders.md)

Latest reported revenue: [$319.7m](/filings/0001630805-26-000068.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 10, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001630805-26-000068).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [153](/filings/0001630805-25-000090.md) | [136 d](/filings/0001630805-26-000018.md) | [149](/filings/0001630805-26-000030.md) | [139](/filings/0001630805-26-000068.md) | [149](/filings/0001630805-25-000090.md) | [139 d](/filings/0001630805-26-000018.md) | [214](/filings/0001630805-26-000030.md) | [320](/filings/0001630805-26-000068.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [1.0%](/filings/0001630805-25-000090.md) | [(3.3%) d](/filings/0001630805-26-000018.md) | [(1.2%)](/filings/0001630805-26-000030.md) | [5.1%](/filings/0001630805-26-000068.md) | [4.4%](/filings/0001630805-25-000090.md) | [4.2% d](/filings/0001630805-26-000018.md) | [(0.8%)](/filings/0001630805-26-000030.md) | [3.7%](/filings/0001630805-26-000068.md) |
| Net margin | % | [(3.5%)](/filings/0001630805-25-000090.md) | [(46.4%) d](/filings/0001630805-26-000018.md) | [(14.8%)](/filings/0001630805-26-000030.md) | [(42.1%)](/filings/0001630805-26-000068.md) | [23.5%](/filings/0001630805-25-000090.md) | [6.7% d](/filings/0001630805-26-000018.md) | [(35.9%)](/filings/0001630805-26-000030.md) | [4.5%](/filings/0001630805-26-000068.md) |
| Diluted EPS | $ per share | [(0.10)](/filings/0001630805-25-000090.md) | not reported | [(0.26)](/filings/0001630805-26-000030.md) | [(0.63)](/filings/0001630805-26-000068.md) | [0.30](/filings/0001630805-25-000090.md) | not reported | [(0.60)](/filings/0001630805-26-000030.md) | [0.07](/filings/0001630805-26-000068.md) |
| Free cash flow | $m | [(71.6) d](/filings/0001630805-25-000090.md) | [(23.6) d](/filings/0001630805-26-000018.md) | [(12.8)](/filings/0001630805-26-000030.md) | [(28.1) d](/filings/0001630805-26-000068.md) | [(37.6) d](/filings/0001630805-25-000090.md) | [(7.2) d](/filings/0001630805-26-000018.md) | [10.7](/filings/0001630805-26-000030.md) | [(24.0) d](/filings/0001630805-26-000068.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [711](/filings/0001630805-24-000014.md) | [609](/filings/0001630805-25-000007.md) | [587](/filings/0001630805-26-000018.md) | [581](/filings/0001630805-26-000018.md) | [588](/filings/0001630805-26-000018.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [2.7%](/filings/0001630805-24-000014.md) | [(0.2%)](/filings/0001630805-25-000007.md) | [(3.4%)](/filings/0001630805-26-000018.md) | [(1.1%)](/filings/0001630805-26-000018.md) | [3.5%](/filings/0001630805-26-000018.md) |
| Net margin | % | [4.3%](/filings/0001630805-24-000014.md) | [(3.8%)](/filings/0001630805-25-000007.md) | [(33.6%)](/filings/0001630805-26-000018.md) | [(10.3%)](/filings/0001630805-26-000018.md) | [(6.2%)](/filings/0001630805-26-000018.md) |
| Diluted EPS | $ per share | [0.26](/filings/0001630805-24-000014.md) | [(0.43)](/filings/0001630805-25-000007.md) | [(2.38)](/filings/0001630805-26-000018.md) | [(0.82)](/filings/0001630805-26-000018.md) | [(0.48)](/filings/0001630805-26-000018.md) |
| Free cash flow | $m | [(118)](/filings/0001630805-24-000014.md) | [(43.9)](/filings/0001630805-25-000007.md) | [(52.1)](/filings/0001630805-26-000018.md) | [(130)](/filings/0001630805-26-000018.md) | [(85.7)](/filings/0001630805-26-000018.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/bw/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BRC Group Holdings, Inc.](/funds/1464790.md) | 2026-06-30 | $387.0m | 27,446,522 |  | Unchanged |
| [Hood River Capital Management LLC](/funds/1578177.md) | 2026-06-30 | $193.0m | 13,689,679 |  | Added +2,085,991 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $160.0m | 11,350,106 |  | Added +9,732,099 |
| [AMERIPRISE FINANCIAL INC](/funds/820027.md) | 2026-06-30 | $108.0m | 7,659,376 |  | Added +4,055,825 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $84.4m | 5,987,572 |  | Added +1,534,936 |
| [GENDELL JEFFREY L](/funds/1056581.md) | 2026-06-30 | $72.5m | 5,142,978 |  | Added +16,910 |
| [MARSHALL WACE, LLP](/funds/1318757.md) | 2026-06-30 | $55.2m | 3,913,419 |  | Added +502,257 |
| [NEUBERGER BERMAN GROUP LLC](/funds/1465109.md) | 2026-06-30 | $46.3m | 3,282,114 |  | Reduced −1,770,923 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $45.3m | 3,209,585 |  | Added +2,258,458 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $41.7m | 2,960,292 |  | Added +2,547,578 |

## Recent filings

[All 1,074 filings](/companies/bw/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-08 | 17:00 ET | [8-K](/filings/0001104659-26-105943.md) | 8.01 Other events | 0001104659-26-105943 |
| 2026-08-10 | 16:32 ET | [10-Q](/filings/0001630805-26-000068.md) | Quarterly report, period 2026-06-30 | 0001630805-26-000068 |
| 2026-08-10 | 16:25 ET | [8-K](/filings/0001630805-26-000066.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001630805-26-000066 |
| 2026-07-13 | 06:47 ET | [8-K](/filings/0001104659-26-082840.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-082840 |
| 2026-06-08 | 16:10 ET | [8-K](/filings/0001104659-26-071382.md) | 8.01 Other events | 0001104659-26-071382 |
| 2026-05-22 | 16:15 ET | [8-K](/filings/0001104659-26-065724.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001104659-26-065724 |
| 2026-05-18 | 16:10 ET | [8-K](/filings/0001104659-26-063192.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-063192 |
| 2026-05-14 | 17:13 ET | [8-K](/filings/0001104659-26-061321.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-061321 |
| 2026-05-11 | 16:06 ET | [8-K](/filings/0001630805-26-000032.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001630805-26-000032 |
| 2026-05-11 | 06:12 ET | [10-Q](/filings/0001630805-26-000030.md) | Quarterly report, period 2026-03-31 | 0001630805-26-000030 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001630805-26-000018.md), filed Mar 16, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/19154167-7957-4d9c-b77a-c00021a2df38)

## About the filer

- CIK: 1630805
- Tickers: BW, BW-PA
- Exchange: NYSE
- SIC code: 3433 Heating Equipment, Except Electric & Warm Air Furnaces
- State of incorporation: DE
- Filer category: Accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:44 ET. No prices; not investment advice.
