Babcock & Wilcox Enterprises Inc logo

Babcock & Wilcox Enterprises Inc(BW)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
3-STAR RATING
PASS
LAST CLOSE
$6.27
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for BW

09/25/2026: BW (3-star) is currently NOT-A-BUY. Pass it for now.

Babcock & Wilcox is an industrial engineering firm specializing in energy and environmental technologies. The company is actively transitioning from a legacy of coal-fired thermal power to high-growth areas like waste-to-energy and carbon capture. Its primary strength lies in its deep engineering expertise and a massive global installed base, while the main opportunity rests in the global push for decarbonization. However, investors face risks from high project-based volatility, intense competition from large industrial players, and a need for consistent capital discipline. The stock may suit investors seeking long-term exposure to the energy transition, though it requires monitoring for successful project execution and debt management.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers exposure to energy transition trends, but faces execution risks inherent in large-scale industrial projects.
Momentum investorWeak fitThe stock often experiences extended periods of consolidation rather than sustained upward momentum.
Value investorStrong fit while signal remains positiveThe company may appear undervalued relative to its long-term potential in the green energy sector, provided debt remains controlled.
Dividend investorWeak fitB&W currently provides no dividend income, making it unsuitable for income-focused portfolios.
Low-risk investorWeak fitHigh volatility and sensitivity to cyclical industrial spending make this stock unsuitable for conservative investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock's beta suggests significant price movement relative to the broader market.
Valuation riskMedium / highValuation is often tied to speculative future revenue from developing green energy projects.
Competition risk (Industrial conglomerates)HighLarge global players can out-compete B&W on scale and capital resources.
Business qualityMediumThe transition to sustainable energy is improving the quality of the business, but historical legacies weigh on results.
Dividend incomeLow / noneInvestors receive no cash return for holding the security.
Execution riskHighLarge-scale engineering contracts are subject to cost overruns and delays.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit 162.4%
Avg. Invested days 27
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
BW receives a 3-star rating, supported by available scored pillars. The rating is constrained by soft unit economics, soft quantitative characteristics, and weak price momentum.

Company Fundamentals

★★★★★
BW has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+39.6%) is partially offset by soft cash generation (FCF margin -14.6%), negative revenue growth (-18.1%), soft profitability (net margin -6.2%).

Financial Health Rating

★★★★★
BW's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 12.7%). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is BW's strongest growth driver at +39.6% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+34.0%, solid) is also solid, while revenue growth (-18.1%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 104.5% and approximately 75.4% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 3.34% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BRC Group Holdings Inc 18.42%
Hood River Capital Management LLC 7.79%
Gendell Jeffrey L 3.44%
Neuberger Berman Group LLC 3.39%
Vanguard Capital Management, LLC 2.99%

Unit Economics (Per $1K Revenue)

★★★★★
BW generates approximately $245 of gross profit, $39 of operating income, and $-146 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: -33.70% (Tax Credit)

Quantitative Style Profile

★★★★★
BW has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Small / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 919.11M USD
Price to earnings Ratio -
1Y Target Price 22
Price to earnings Ratio -
1Y Target Price 22
Volume (30-day avg) 4.8M shares
Beta 1.19
52 Weeks Range 2.70 - 22.03
Updated Date 09/25/2026
52 Weeks Range 2.70 - 22.03
Updated Date 09/25/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.62

How Company Makes Money

Business areaWhat it includesRetail investor read
Thermal & RenewablesBoiler design, waste-to-energy plant construction, and biomass technology.The company generates revenue by building and maintaining massive power plants that burn waste or biomass to create energy.
Environmental ServicesEmissions control systems like scrubbers and particulate filters.This segment sells technology that helps factories and power plants meet environmental regulations.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 140.85
Enterprise Value 1.11B
Price to Sales(TTM) 1.1
Enterprise Value 1.11B
Price to Sales(TTM) 1.1
Enterprise Value to Revenue 1.33
Enterprise Value to EBITDA 86.07
Shares Outstanding 148.97M
Shares Floating 112.29M
Shares Outstanding 148.97M
Shares Floating 112.29M
Percent Insiders 3.34
Percent Institutions 104.47

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Babcock & Wilcox Enterprises Inc

Exchange NYSE
Headquarters Akron, OH, United States
IPO Launch date 2015-07-01
CEO, President & Chairman of the Board Mr. Kenneth M. Young
Sector Industrials
Industry Specialty Industrial Machinery
Full time employees 1600
Full time employees 1600

Babcock & Wilcox Enterprises, Inc., together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers in the United States, Canada, the United Kingdom, Indonesia, and the Philippines. The company offers BrightLoop chemical looping technology, which produces steam, hydrogen, or syngas for applications in the energy, industrial, and agricultural sectors. It also provides steam generation equipment, including aftermarket parts, construction, maintenance, and field services; steam generation systems, such as package boilers, watertube and firetube waste heat boilers, and other boilers to medium and heavy industrial customers. The company was founded in 1867 and is headquartered in Akron, Ohio.