Babcock & Wilcox Enterprises
Provides power and industrial technologies and services rooted in steam generation.
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Profile
Supplies power and industrial technologies and services, with roots in water-tube steam boilers. The independent NYSE issuer is reshaping its portfolio around core generation, environmental and decarbonization-related opportunities.
Supplies technologies and services for power and industry, building on an origin in water-tube steam boilers. The independent issuer began NYSE trading after its 2015 spin-off from The Babcock & Wilcox Company.
Its current materials emphasize reliable, scalable and secure solutions, while its portfolio is being reshaped around core generation, environmental and decarbonization-related opportunities. The record does not establish a serial-acquisition strategy.
Debt restructuring, repayments, equity raises and non-core divestitures shaped a recent financial reset. The independent auditor issued an adverse opinion on the effectiveness of internal control over financial reporting at year-end.
Company facts
Key statistics
Year to date +12.8% · Average volume (30d) 4.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| May 12, 2026 | Northland Securities | Target | $10 | $23 |
| Mar 17, 2026 | Craig-Hallum | Target | $7 | $19 |
| Jan 22, 2026 | Northland Securities | Target | $10 | |
| Nov 5, 2025 | Lake Street | Target | $9 | |
| Nov 5, 2025 | Craig-Hallum | Target | $7 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | $0.02 | $0.04 | +63.3% | $197.0M | $319.7M | +62.3% | +3.49% |
| May 11, 2026Q1 FY26 | −$0.03 | −$0.01 | +66.7% | $149.7M | $214.4M | +43.2% | +4.44% |
| Mar 4, 2026Q4 FY25 | −$0.04 | −$0.05 | −25.0% | $155.6M | $161.0M | +3.5% | +12.63% |
| Nov 4, 2025Q3 FY25 | −$0.09 | −$0.06 | +30.8% | $155.6M | $149.0M | −4.2% | +28.34% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $148.6M | $144.1M | $149.0M | $161.0M | $214.4M | $319.7M | |
| Gross profit | $27.8M | $43.2M | $37.1M | $41.3M | $43.5M | $46.6M | |
| Operating income | −$710.0K | $8.8M | $7.4M | $13.3M | −$1.2M | $11.8M | |
| Net income | −$23.0M | −$21.6M | −$18.1M | −$12.2M | −$76.9M | $14.3M | |
| Diluted EPS | −$0.26 | −$0.63 | −$0.21 | −$0.13 | −$0.60 | $0.07 | |
| Gross margin | 18.7% | 30.0% | 24.9% | 25.7% | 20.3% | 14.6% | |
| Operating margin | -0.5% | 6.1% | 5.0% | 8.2% | -0.5% | 3.7% |
Fiscal years (4-quarter sums)FY21 $723.4M · FY22 $847.9M · FY23 $999.4M · FY24 $674.1M · FY25 $602.7M
Revenue by product · FY24
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $308.6M · Total debt $304.7M · Total assets $999.6M · Shareholders' equity $57.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 148.84M · Float 143.59M
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| B. Riley Financial, Inc. | 27.45M | 18.44% | 13F | Aug 14, 2026 |
| Hood River Capital Management LLC | 13.69M | 9.20% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 9.75M | 6.60% of class | 13G | Jul 29, 2026 |
| Ameriprise Financial, Inc. | 7.66M | 5.10% of class | 13G | Aug 14, 2026 |
| Vanguard Capital Management LLC | 5.99M | 4.02% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | Philip D. Moeller | director | +5,000 | $9.50 |
| Aug 12, 2026 | Kenneth M. Young | director, officer: Chief Executive Officer | +7,000 | $9.65 |
| Mar 18, 2026 | Kenneth M. Young | director, officer: Chief Executive Officer | +7,000 | $15.15 |
| Mar 18, 2026 | Cameron M. Frymyer | officer: Chief Financial Officer | +1,285 | $14.76 |
| Feb 11, 2026 | BRC Group Holdings, Inc. | 10 percent owner | −1,155,382 | $9.00 |
Peers
- GE Vernova
Steam-power equipment, services, and emissions-control rival
- CECO Environmental
Industrial air-quality and emissions-management rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Babcock & Wilcox Enterprises | $7.15 | −0.21% | $1.07B | — | 26.1 | 1.3 | +121.9% |
| GE Vernova | $914.10 | +0.30% | $242.88B | 26.2 | 43.5 | 5.9 | +21.9% |
| CECO Environmental | $69.67 | −0.10% | $4.07B | — | 26.1 | 4.5 | +53.7% |
| Median | 26.2 | 34.8 | 5.2 | +37.8% |






