Babcock & Wilcox (BW)
NYSE:BW
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Babcock & Wilcox Company
(NYSE:BW)
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Rating:59Neutral
Price Target:
$18.00
▲(4.96% Upside)
Action:ReiteratedDate:03/18/26
The score is held back primarily by weak financial performance (negative equity, ongoing losses, and persistent negative operating/free cash flow). Offsetting this are strong technical momentum and constructive corporate developments (large AI data-center-related contract/backlog growth and improved liquidity runway), but valuation remains challenged due to continued losses.
Positive Factors
Installed base & recurring aftermarket revenue
B&W’s ~400 GW installed base creates durable aftermarket demand for parts, maintenance, retrofits and plant conversions. Recurring service revenue smooths project cyclicality, supports long-term customer relationships, and provides a steadier revenue stream and cash contribution over multiple quarters.
Negative Factors
Persistent negative equity
Accumulated negative equity through 2025 reflects sustained historical losses that limit financial flexibility. Negative retained capital constrains the company’s ability to absorb shocks, fund investments from internal resources, and rebuild solvency without consistent future profitability or external recapitalization.
Read all positive and negative factors
Positive Factors
Negative Factors
Installed base & recurring aftermarket revenue
B&W’s ~400 GW installed base creates durable aftermarket demand for parts, maintenance, retrofits and plant conversions. Recurring service revenue smooths project cyclicality, supports long-term customer relationships, and provides a steadier revenue stream and cash contribution over multiple quarters.
Read all positive factors
Babcock & Wilcox Company (BW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.32B
Dividend YieldN/A
Average Volume (3M)5.31M
Price to Earnings (P/E)―
Beta (1Y)3.49
Revenue Growth-38.45%
EPS Growth-148.99%
CountryUS
Employees1,900
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.05
Shares Outstanding135,256,010
10 Day Avg. Volume2,989,753
30 Day Avg. Volume5,310,558
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)-5.08
Price to Sales (P/S)1.14
P/FCF Ratio-7.80
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue3.43
Enterprise Value/Gross Profit13.47
Enterprise Value/Ebitda46.94
Forecast
1Y Price Target
$21.00Price Target Upside22.45% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.18
Revenue Forecast (FY)$807.80M
Babcock & Wilcox Company Business Overview & Revenue Model
Company Description
Babcock & Wilcox Enterprises, Inc., together with its subsidiaries, provides energy and emissions control solutions to a range of industrial, electrical utility, municipal, and other customers worldwide. It operates through three segments: Babcock...
How the Company Makes Money
B&W makes money primarily by selling engineered equipment, technology solutions, and related services to utilities and industrial customers. Key revenue streams generally include: (1) Projects and equipment sales—revenue from designing, engineerin...
Babcock & Wilcox Company Key Performance Indicators (KPIs)
Babcock & Wilcox Company Earnings Call Summary
Earnings Call Date:Mar 16, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call emphasized multiple historic operational and financial milestones: first-ever full-year GAAP net profit, record quarterly revenue (RMB 105.2M), strong gross profit expansion (+23% YoY), exceptional cash generation (RMB 35.1M operating cash inflow), and breakout international traction for EngageLab (USD 10M ARR, +186% YoY; customers +142% YoY). Key SaaS KPIs (NDR 103%, deferred revenue RMB 178.7M) and robust guidance (2026 revenue +20%–28%) reinforce a positive outlook. Headwinds are present — notably the 24% YoY decline in Market Intelligence revenue, YoY weakness and volatility in Value-Added Services, and rising operating expenses (R&D and S&M +16% YoY) — but these are outweighed by the scale and quality of the improvements reported and the large number of positive metrics.Positive Updates
Record Quarterly Revenue
Group revenue for Q4 reached RMB 105.2 million, a 13% year-over-year increase and 16% sequential (quarter-over-quarter) growth — the first time quarterly revenue exceeded RMB 100 million since the transition to a pure SaaS model.
Negative Updates
Market Intelligence Revenue Decline
Market Intelligence revenue decreased 24% year-over-year and 3% quarter-over-quarter, attributed to continued weak demand for Chinese app data.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Quarterly Revenue
Group revenue for Q4 reached RMB 105.2 million, a 13% year-over-year increase and 16% sequential (quarter-over-quarter) growth — the first time quarterly revenue exceeded RMB 100 million since the transition to a pure SaaS model.
Read all positive updates
Company Guidance
Management guided 2026 full‑year revenue of RMB 450–480 million, implying 20%–28% year‑over‑year growth versus 2025, noting the outlook is preliminary and based on current market and operating conditions. They expect EngageLab to be the lion’s share of growth (EngageLab ARR reached USD 10.0 million as of Dec‑2025; cumulative signed contract value RMB 157 million; Q4 bookings >RMB 29 million; customers up 142% YoY to 1,641 across >70 countries with 18 new countries in Q4) and to sustain momentum over the next 24 months and beyond, supported by strong SaaS metrics — net dollar retention 103%, total deferred revenue RMB 178.7 million, AR turnover days 37 — and healthy cash generation (Q4 net operating cash inflow RMB 35.1 million; cash and cash equivalents RMB 173 million, a 45% increase year‑over‑year).Babcock & Wilcox Company Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
18
Very Negative
Cash Flow
20
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 587.70M | 717.33M | 727.32M | 609.44M | 710.87M |
| Gross Profit | 143.90M | 177.03M | 176.70M | 145.13M | 175.05M |
| EBITDA | 33.00M | 2.06M | -2.41M | 58.67M | 79.15M |
| Net Income | -36.10M | -59.91M | -197.21M | -22.86M | 30.89M |
Balance Sheet | |||||
| Total Assets | 662.90M | 726.99M | 775.70M | 941.69M | 913.26M |
| Cash, Cash Equivalents and Short-Term Investments | 89.50M | 23.40M | 39.86M | 76.24M | 224.87M |
| Total Debt | 368.70M | 537.93M | 434.23M | 410.27M | 402.74M |
| Total Liabilities | 794.50M | 1.01B | 976.05M | 943.78M | 854.64M |
| Stockholders Equity | -131.60M | -283.76M | -200.96M | -2.57M | 33.15M |
Cash Flow | |||||
| Free Cash Flow | -85.70M | -129.94M | -52.07M | -43.88M | -117.88M |
| Operating Cash Flow | -68.90M | -118.73M | -42.27M | -30.64M | -111.20M |
| Investing Cash Flow | 197.00M | 109.96M | -7.94M | -68.80M | -33.54M |
| Financing Cash Flow | -58.70M | 69.73M | 8.56M | -11.16M | 302.81M |
Babcock & Wilcox Company Technical Analysis
Positive
17.15
Price Trends
11.91
Positive
9.24
Positive
5.79
Positive
Market Momentum
1.37
Negative
64.09
Neutral
82.15
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BW, the sentiment is Positive. The current price of 17.15 is above the 20-day moving average (MA) of 14.65, above the 50-day MA of 11.91, and above the 200-day MA of 5.79, indicating a bullish trend. The MACD of 1.37 indicates Negative momentum. The RSI at 64.09 is Neutral, neither overbought nor oversold. The STOCH value of 82.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BW.
Babcock & Wilcox Company Risk Analysis
Babcock & Wilcox Company disclosed 49 risk factors in its most recent earnings report. Babcock & Wilcox Company reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Babcock & Wilcox Company Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $364.73M | 12.14 | 8.13% | 2.32% | -3.90% | 61.80% | |
60 Neutral | $343.13M | 11.56 | 13.57% | 3.70% | 3.36% | 57.40% | |
59 Neutral | $2.32B | -18.51 | 14.80% | ― | -38.45% | -148.99% | |
54 Neutral | $47.09M | 12.35 | 8.34% | ― | -1.47% | 52.65% | |
41 Neutral | $4.25M | -2.28 | -82.18% | ― | -57.40% | 52.85% | |
| ― | $29.16M | -0.32 | 168.54% | ― | -98.20% | 93.77% |
* Industrials Sector Average
BW
Babcock & Wilcox Company
17.15
16.84
5432.26%
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33.61%
CETY
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0.82
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Babcock & Wilcox Company Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Babcock & Wilcox Highlights Energy Transition and AI Power Strategy
Positive
Mar 16, 2026
On March 16, 2026, Babcock Wilcox Enterprises, Inc. posted a new investor presentation on its website, outlining its current position and strategic focus in the global energy and environmental technology markets. The presentation, furnished to in...
Dividends
Babcock & Wilcox Declares Dividend on Series A Preferred
Positive
Mar 12, 2026
On March 11, 2026, Babcock Wilcox Enterprises, Inc. declared a cash dividend of $0.4843750 per share on its 7.75% Series A Cumulative Perpetual Preferred Stock, with a record date of March 21, 2026 and payment scheduled for March 31, 2026. The mo...
Business Operations and StrategyFinancial Disclosures
Babcock & Wilcox Posts Strong 2025 Earnings, Cuts Debt
Positive
Mar 4, 2026
On February 26, 2026, Babcock Wilcox, through The Babcock Wilcox Company, signed a $2.4 billion definitive design-build agreement with Base Electron, an Applied Digital company, to design and install four 300-megawatt natural gas-fired boilers a...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Babcock & Wilcox Amends Credit Facility, Extends Maturity
Positive
Mar 4, 2026
On February 25, 2026, Babcock Wilcox Enterprises, Inc. and its lenders executed a tenth amendment to their January 18, 2024 credit agreement, increasing borrowing availability tied to inventory and receivables and extending the facility’s m...
Business Operations and StrategyExecutive/Board Changes
Babcock & Wilcox Adds Akbari to Strengthen Board
Positive
Jan 27, 2026
On January 21, 2026, Babcock Wilcox Enterprises, Inc. appointed Dr. Homaira Akbari to its board of directors, effective January 26, 2026, increasing the board to seven members. A seasoned director who has served on more than 25 public and private...
Executive/Board Changes
Babcock & Wilcox Announces Executive Vice President Departure
Neutral
Jan 12, 2026
On January 8, 2026, Babcock Wilcox Enterprises, Inc. announced that Executive Vice President, General Counsel and Corporate Secretary John Dziewisz will step down and leave the company after 30 years of service, with his last day set for May 31, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.