# BABCOCK & WILCOX ENTERPRISES, INC (BW) · Edgar & Edgarette company card

> Babcock & Wilcox Enterprises (BW) grew revenue 1.1% in FY2025 to $588 million, operating margin 3.5% against a 8.1% median for heating equipment, except electric & warm air furnaces, equity -19.8% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1630805 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/BW) · [JSON](https://www.pops4.com/boards/company/BW.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $588M |
| Revenue growth, 1 year | 1.1% |
| Revenue growth per year | -4.6% |
| Operating margin | 3.5% (prior year -1.1%) |
| Net margin | -6.2% |
| Operating cash flow | −$69M |
| Capital spending | $17M |
| Free cash flow | −$86M |
| Cash | $89M |
| Long-term debt | — |
| Total assets | $663M |
| Total equity | −$132M |
| Equity ÷ assets | -19.8% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -7.48 (distress zone)
- Piotroski F: 4 of 9 (middling)
- Beneish M: -1.89 (below the −1.78 line)
- Health Harbor boat: Weathered boat · two warning signs · liabilities exceed assets (often from years of share buybacks, not always distress); operating cash flow was negative
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $587.7M (FY2025). Experience: revenue up 1.1% on the year, down 4.6% a year over 4 years; operating margin 3.5%, up from -1.1%. Soundness: equity -19.8% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $497.6M and $666.3M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $462.1M to $719.5M. A statistical range, not company guidance. Against peers (38 filers, $50M+ revenue, its industry group): operating margin 3.5% against a 8.1% median; growth 1.1% against 2.4%.

Range logged 2026-09-29, receipt 7d43dc43f2becd13, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 4, latest 2026-05-22 ([filing](https://www.sec.gov/Archives/edgar/data/1630805/000110465926065724/0001104659-26-065724-index.htm))

## Recent filings

- 8-K · filed 2026-09-08 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1630805/000110465926105943/0001104659-26-105943-index.htm)
- 10-Q · filed 2026-08-10 · [filing](https://www.sec.gov/Archives/edgar/data/1630805/000163080526000068/0001630805-26-000068-index.htm)
- 8-K · filed 2026-08-10 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1630805/000163080526000066/0001630805-26-000066-index.htm)
- 8-K · filed 2026-07-13 · 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1630805/000110465926082840/0001104659-26-082840-index.htm)
- 8-K · filed 2026-06-08 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1630805/000110465926071382/0001104659-26-071382-index.htm)
- 8-K · filed 2026-05-22 · 5.02 Departure or Election of Directors; Appointment of Officers; 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1630805/000110465926065724/0001104659-26-065724-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001630805.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1630805

## Cite

POPS4, Edgar & Edgarette: BABCOCK & WILCOX ENTERPRISES, INC (BW) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/BW. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.