Babcock & Wilcox Enterprises (NYSE: BW) financial statements
The consolidated income statement, balance sheet and cash flow statement of Babcock & Wilcox Enterprises for its last 10 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $662.9m in total assets and −$131.5m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $587.7m | $581.0m | $587.4m | $609.4m | $710.9m | $566.3m | $859.1m | $1,062m | $1,341m | $1,421m |
| Cost of sales | $443.8m | $454.3m | $466.0m | $464.3m | $535.8m | $400.5m | $698.9m | $1,192m | $1,317m | $1,283m |
| Gross profit | — | — | — | — | — | — | — | −$129.6m | $24.2m | $138.3m |
| Operating profit | $20.7m | −$6.3m | −$20.1m | −$1.2m | $19.4m | −$1.7m | −$29.4m | −$426.6m | −$316.4m | −$110.0m |
| Finance costs | $4.5m | $3.9m | $11.0m | $8.4m | $0.0m | $59.8m | $94.9m | $49.6m | $26.3m | $3.8m |
| Profit before tax | −$24.6m | −$91.5m | −$103.6m | −$5.1m | $27.3m | −$3.9m | −$124.4m | −$555.8m | −$317.6m | −$119.6m |
| Income tax | $8.3m | $12.8m | $5.6m | $9.1m | $2.0m | $8.2m | $5.3m | $102.2m | $63.7m | $2.7m |
| Net profit | −$36.2m | −$59.9m | −$197.2m | −$22.9m | $30.9m | −$10.3m | −$122.0m | −$725.3m | −$379.8m | −$115.6m |
| Earnings per share | −$0.48 | −$0.82 | −$2.38 | −$0.43 | $0.26 | −$0.21 | −$3.87 | — | −$8.09 | −$2.31 |
| Diluted earnings per share | −$0.48 | −$0.82 | −$2.38 | −$0.43 | $0.26 | −$0.21 | −$3.87 | −$5.70 | −$8.09 | −$2.31 |
| Depreciation and amortisation | $10.1m | $16.7m | $21.0m | $24.0m | $18.3m | $16.8m | $23.6m | $32.0m | $40.1m | $39.6m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $662.9m | $727.0m | $775.7m | $941.7m | $913.3m | $599.1m | $626.5m | $745.5m | $1,322m | $1,529m |
| Current assets | $470.7m | $553.5m | $497.6m | $557.6m | $582.4m | $396.1m | $412.2m | $549.6m | $732.3m | $777.5m |
| Inventories | $60.9m | $58.3m | $97.6m | $102.6m | $79.5m | $74.4m | $63.1m | $61.3m | $72.9m | $85.8m |
| Property, plant and equipment | $43.9m | $36.3m | $47.0m | $60.5m | $57.1m | $56.6m | $66.7m | $90.9m | $114.7m | $122.0m |
| Goodwill | $53.1m | $51.4m | $54.3m | $84.2m | $116.5m | $47.4m | $47.2m | $47.1m | $85.7m | $163.1m |
| Cash | $89.5m | $26.9m | $65.3m | $76.7m | $224.9m | $57.3m | $43.8m | $43.2m | $43.7m | $87.4m |
| Total liabilities | $794.5m | $1,010m | $976.1m | $943.8m | $854.6m | $930.1m | $921.5m | $1,023m | $1,132m | $968.2m |
| Current liabilities | $386.7m | $406.7m | $350.2m | $371.5m | $253.4m | $270.8m | $602.5m | $712.0m | $744.3m | $617.5m |
| Equity | −$131.5m | −$283.8m | −$201.0m | −$2.6m | $33.1m | −$332.1m | −$296.4m | −$286.1m | $182.1m | $552.1m |
| Equity including minorities | −$131.5m | −$283.2m | −$200.4m | −$2.1m | $58.6m | −$331.0m | −$294.9m | −$270.0m | $190.7m | $561.0m |
| Minority interests | $0.0m | $0.6m | $0.6m | $0.5m | $25.5m | $1.1m | $1.4m | $8.8m | $8.6m | $8.8m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | −$68.9m | −$118.7m | −$42.3m | −$30.6m | −$111.2m | −$40.8m | −$176.3m | −$281.9m | −$189.8m | $2.3m |
| Investing cash flow | $197.0m | $110.0m | −$7.9m | −$68.8m | −$33.5m | $2.2m | $8.8m | $179.2m | −$63.9m | −$190.2m |
| Financing cash flow | −$58.7m | $69.7m | $8.6m | −$11.2m | $302.8m | $44.1m | $167.0m | $82.6m | $206.1m | −$83.4m |
| Capital expenditure | −$16.8m | −$11.2m | −$9.8m | −$13.2m | −$6.7m | −$8.2m | −$3.8m | −$5.5m | −$14.3m | −$22.5m |
Where each figure comes from
From the annual report (Form 10-K) that Babcock & Wilcox Enterprises files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Babcock & Wilcox Enterprises page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.