BWBabcock & Wilcox Enterprises, Inc.
Is the business good?
More warning than reassurance: 1 of 9 health tests passed and profits without cash flow.
Weak, deteriorating fundamentals. Nine pass/fail tests of year-over-year health from the filings.
Reports an operating profit but operating cash flow is negative, a red flag.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is BW?
Babcock & Wilcox Enterprises, Inc. keeps 2.7% of every revenue dollar as operating profit, against 14% for the median Specialty Industrial Machinery name.
Operating margin · Specialty Industrial Machinery median 14% · 12 months to Q2 2026
- Cash conversion
- −1.96×
Cash conversion · the operating profit has not turned into cash yet
- Share count, year on year
- +57%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 19%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −0.31% |
| FY2021 | 2.7% |
| FY2022 | −0.19% |
| FY2023 | −3.4% |
| FY2024 | −1.1% |
| FY2025 | 3.5% |
Details›
- Gross margin12 months to Q2 2026
- 19%
- Operating margin12 months to Q2 2026
- 2.7%
- Net margin12 months to Q2 2026
- −2.2%
- Free cash flow margin
- −7.1%
- Revenue, trailing twelve months
- $822M
- Free cash flow, trailing twelve months
- −$58M
- Net income, trailing twelve months
- −$18M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Specialty Industrial Machinery
Ranks #31 of 33 by RyuScore