Babcock & Wilcox Enterprises, Inc. (BW) Key Metrics
BW valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $688.2M
- Enterprise value
- $1.11B
- P/E (TTM)
- —
- Forward P/E
- 140.8
- PEG ratio
- —
- Price / sales
- 0.8 10-yr median 0.3
- Price / book
- 19.1
- EV / EBITDA
- 86.1 10-yr median 14.4
- Dividend yield
- —
- Beta
- 1.18
BW key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBW valuation Price multiples at each fiscal year-end price.
BW returns How much profit the business earns on the capital it uses.
BW per-share figures Results divided by the shares outstanding at year-end.
BW financial health Debt, liquidity and how easily interest is covered.
BW efficiency & capital use Working capital cycle and where the cash goes.
BW valuation history
BW returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BW cash returned to shareholders
BW price vs earnings per share
BW key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $668.2M | $150.4M | $129.9M | $509.5M | $754.1M | $170.9M | $114.7M | — | — | — |
| Enterprise value | $947.4M | $664.9M | $524.3M | $843.5M | $931.9M | $502.8M | $397.0M | — | — | — |
| P/E ratio | — | — | — | — | 24.4 | — | — | — | — | — |
| Price / sales | 1.1 | 0.2 | 0.2 | 0.8 | 1.1 | 0.3 | 0.1 | — | — | — |
| Price / book | — | — | — | — | 22.7 | — | — | — | — | — |
| EV / sales | 1.6 | 0.9 | 0.7 | 1.4 | 1.3 | 0.9 | 0.5 | — | — | — |
| EV / EBITDA | 36.2 | 322.0 | — | 14.4 | 11.8 | 8.9 | — | — | — | — |
| Earnings yield | −5.4% | −39.8% | −151.8% | −4.5% | 4.1% | −6.0% | −106.4% | — | — | — |
| Free cash flow yield | −12.8% | −86.4% | −40.1% | −8.6% | −15.6% | −28.7% | −157.1% | — | — | — |
| Dividend yield | 2.2% | 12.3% | 8.6% | 2.9% | 1.2% | 5.3% | 420.9% | — | — | — |
| Shareholder yield (dividends + buybacks) | 2.3% | 12.6% | 9.7% | 3.5% | 1.9% | 5.5% | 421.0% | — | — | — |
| Share price at fiscal year-end | $6.34 | $1.64 | $1.46 | $5.77 | $9.02 | $3.51 | $3.64 | $3.90 | $56.80 | $165.90 |
| Per share | ||||||||||
| Revenue per share | $5.58 | $7.82 | $8.17 | $6.90 | $8.50 | $11.63 | $27.27 | — | — | — |
| Earnings per share | −$0.34 | −$0.65 | −$2.22 | −$0.26 | $0.37 | −$0.21 | −$3.87 | — | — | — |
| Operating cash flow per share | −$0.65 | −$1.29 | −$0.47 | −$0.35 | −$1.33 | −$0.84 | −$5.60 | — | — | — |
| Free cash flow per share | −$0.81 | −$1.42 | −$0.59 | −$0.50 | −$1.41 | −$1.01 | −$5.72 | — | — | — |
| Cash per share | $0.85 | $0.26 | $0.45 | $0.86 | $2.69 | $1.18 | $1.39 | — | — | — |
| Book value per share | −$1.25 | −$3.09 | −$2.26 | −$0.03 | $0.40 | −$6.82 | −$9.41 | — | — | — |
| Tangible book value per share | −$1.90 | −$4.20 | −$3.48 | −$1.75 | −$1.52 | −$8.28 | −$11.71 | — | — | — |
| Dividends per share | $0.14 | $0.20 | $0.13 | $0.17 | $0.11 | $0.19 | $15.32 | — | — | — |
| Capex per share | $0.16 | $0.12 | $0.11 | $0.15 | $0.08 | $0.17 | $0.12 | — | — | — |
| Debt per share | $3.50 | $5.87 | $4.88 | $4.65 | $4.82 | $7.99 | $10.35 | — | — | — |
| Shares outstanding | 105.4M | 91.7M | 89.0M | 88.3M | 83.6M | 48.7M | 31.5M | — | — | — |
| Change in shares outstanding | +14.9% | +3.1% | +0.8% | +5.6% | +71.7% | +54.6% | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | — | — | — | — | — | — | −103.5% | −17.8% |
| Return on invested capital (ROIC) | 9.6% | 9.3% | 5.0% | −0.3% | 18.4% | — | — | — | −51.8% | −19.1% |
| Return on assets (ROA) | −5.2% | −8.0% | −23.0% | −2.5% | 4.1% | −1.7% | −17.8% | −70.2% | −26.6% | −7.2% |
| Return on tangible assets | −6.1% | −9.6% | −29.6% | −2.9% | 4.1% | −2.0% | −22.0% | −108.6% | −36.5% | −9.7% |
| Free cash flow margin | −14.6% | −18.1% | −7.2% | −7.2% | −16.6% | −8.7% | −21.0% | −27.0% | −13.1% | −1.3% |
| Income quality (OCF / net income) | — | — | — | — | −3.60 | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $368.7M | $537.9M | $434.2M | $410.3M | $402.7M | $389.2M | $326.1M | $176.2M | $263.6M | $14.2M |
| Cash & short-term investments | $89.5M | $23.4M | $39.9M | $76.2M | $224.9M | $57.3M | $43.8M | $43.2M | $56.7M | $95.9M |
| Net debt | $279.2M | $514.5M | $394.4M | $334.0M | $177.9M | $331.9M | $282.3M | $132.9M | $206.9M | −$81.7M |
| Debt / equity | — | — | — | — | 12.15 | — | — | — | 1.45 | 0.03 |
| Debt / assets | 0.56 | 0.74 | 0.56 | 0.44 | 0.44 | 0.65 | 0.52 | 0.24 | 0.20 | 0.01 |
| Net debt / EBITDA | 10.67 | 249.17 | — | 5.69 | 2.25 | 5.90 | — | — | — | — |
| Current ratio | 1.22 | 1.26 | 1.42 | 1.50 | 2.30 | 1.46 | 0.68 | 0.77 | 0.98 | 1.26 |
| Quick ratio | 1.06 | 0.98 | 1.14 | 1.22 | 1.98 | 1.19 | 0.58 | 0.69 | 0.87 | 1.12 |
| Interest coverage | 0.6 | 0.5 | 0.4 | -0.0 | 0.6 | -0.0 | -0.3 | -8.6 | -10.9 | -27.1 |
| Working capital | $84.0M | $101.7M | $147.4M | $186.1M | $329.1M | $125.3M | −$190.3M | −$162.4M | −$12.1M | $160.0M |
| Invested capital | $147.6M | $230.8M | $193.4M | $331.5M | $211.0M | −$187,000 | −$14.0M | −$153.2M | $389.1M | $470.4M |
| Tangible asset value | −$200.0M | −$384.4M | −$309.1M | −$154.1M | −$101.6M | −$402.2M | −$367.4M | −$355.2M | −$90.5M | $222.6M |
| Net current asset value | −$323.8M | −$520.0M | −$478.5M | −$386.2M | −$272.2M | −$534.0M | −$509.2M | −$473.2M | −$399.3M | −$190.6M |
| Graham number | — | — | — | — | $1.82 | — | — | — | — | — |
| Graham net-net per share | −$5.04 | −$8.57 | −$8.69 | −$6.57 | −$4.84 | −$13.72 | −$20.74 | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $14.9M | $18.6M | $11.1M | $14.9M | $9.1M | $9.1M | $482.6M | $839.0M | $0 | $0 |
| Share buybacks (net) | $400,000 | $336,000 | $1.4M | $2.8M | $4.9M | $283,000 | $100,000 | $805,000 | $17.6M | $78.4M |
| Dividend payout ratio | — | — | — | — | 29.5% | — | — | — | — | — |
| Capex / revenue | 2.9% | 1.6% | 1.3% | 2.2% | 0.9% | 1.4% | 0.4% | 0.5% | 0.9% | 1.4% |
| Capex / operating cash flow | — | — | — | — | — | — | — | — | — | 978.3% |
| Capex / depreciation | 1.66 | 0.67 | 0.47 | 0.55 | 0.37 | 0.49 | 0.16 | 0.17 | 0.36 | 0.57 |
| Stock-based compensation / revenue | 0.5% | 0.7% | 1.2% | 1.6% | 1.1% | 0.8% | 0.4% | 0.2% | 0.8% | 1.0% |
| R&D / revenue | 0.2% | 0.8% | 1.0% | 0.4% | 0.2% | 0.8% | 0.3% | 0.4% | 0.6% | 0.7% |
| SG&A / revenue | 20.3% | 19.7% | 20.6% | 25.1% | 23.2% | 27.3% | 20.8% | 21.0% | 16.7% | 15.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 120.0 | 88.2 | 117.1 | 168.2 | 120.6 | 154.7 | 127.2 | 126.4 | 99.7 | 102.3 |
| Days of inventory on hand | 69.8 | 69.7 | 66.4 | 71.6 | 52.4 | 62.7 | 32.5 | 22.0 | 21.0 | 22.9 |
| Days payables outstanding | 70.0 | 62.2 | 71.1 | 85.4 | 54.3 | 83.6 | 80.9 | 61.8 | 53.1 | 51.6 |
| Cash conversion cycle (days) | 119.8 | 95.8 | 112.4 | 154.5 | 118.8 | 133.8 | 78.8 | 86.6 | 67.6 | 73.6 |
| Receivables turnover | 3.04 | 4.14 | 3.12 | 2.17 | 3.03 | 2.36 | 2.87 | 2.89 | 3.66 | 3.57 |
| Payables turnover | 5.21 | 5.87 | 5.14 | 4.28 | 6.72 | 4.37 | 4.51 | 5.91 | 6.87 | 7.07 |
| Inventory turnover | 5.23 | 5.23 | 5.50 | 5.10 | 6.96 | 5.82 | 11.23 | 16.62 | 17.36 | 15.91 |
| Asset turnover | 0.85 | 0.95 | 0.85 | 0.66 | 0.94 | 0.92 | 1.25 | 1.03 | 1.09 | 0.99 |
| Average receivables | $193.1M | $173.4M | $233.4M | $280.9M | $234.9M | $240.1M | $299.5M | $368.0M | $425.6M | $442.2M |
| Average payables | $85.1M | $92.1M | $107.2M | $108.6M | $79.7M | $91.7M | $154.9M | $201.7M | $212.2M | $198.0M |
| Average inventory | $84.9M | $103.2M | $100.1M | $91.1M | $77.0M | $68.8M | $62.2M | $71.7M | $84.0M | $88.0M |
| Intangibles / total assets | 10.3% | 13.9% | 14.0% | 16.1% | 17.5% | 11.9% | 11.6% | 10.4% | 21.3% | 22.1% |
Computed from BW's annual financial statements (latest annual report filed March 16, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BW valuation and financial ratios
Babcock & Wilcox Enterprises earned a return on invested capital of 9.6% in fiscal 2025. It ended the year with $368.7 million of debt and $89.5 million in cash and short-term investments, net debt of $279.2 million. It returned $15.3 million to shareholders: $14.9 million in dividends and $0.4 million in share buybacks.
See the BW income statement, the BW chart for price history, or the BW stock overview for the latest quote and news.
BW key metrics FAQ
What is Babcock & Wilcox Enterprises's EV/EBITDA?
Babcock & Wilcox Enterprises's enterprise value was 36.2 times EBITDA at the end of fiscal 2025 (enterprise value $947.4 million, EBITDA $26.2 million); the current EV/EBITDA is 86.1.
What is Babcock & Wilcox Enterprises's ROIC?
Babcock & Wilcox Enterprises's return on invested capital was 9.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Babcock & Wilcox Enterprises have?
Babcock & Wilcox Enterprises had total debt of $368.7 million at the end of fiscal 2025 and $279.2 million of net debt (10.67 times EBITDA).
What is Babcock & Wilcox Enterprises's dividend yield?
Babcock & Wilcox Enterprises paid $14.9 million in dividends in fiscal 2025 ($0.14 per share), a payout ratio of —.
Does Babcock & Wilcox Enterprises buy back its shares?
Yes. Babcock & Wilcox Enterprises spent $0.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +14.9% over the year, to 105.4M..
What is Babcock & Wilcox Enterprises's free cash flow yield?
Babcock & Wilcox Enterprises generated -$85.7 million of free cash flow in fiscal 2025, a free cash flow yield of −12.8% on its market value at year-end ($668.2 million).
What is Babcock & Wilcox Enterprises's current ratio?
Babcock & Wilcox Enterprises's current ratio was 1.22 at the end of fiscal 2025: current assets were 1.22 times current liabilities.