Babcock (BW) Financials

$15.58 +0.13 (+0.81%)

Closing price 03:59 PM Eastern

Extended Trading

$15.66 +0.07 (+0.45%)

As of 07:57 PM Eastern

Annual Income Statements for Babcock

This table shows Babcock's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	19	-116	-380	-725	-122	-10	22	-38	-212	-75	-51
Consolidated Net Income / (Loss)	19	-115	-379	-725	-129	-10	32	-27	-197	-60	-36
Net Income / (Loss) Continuing Operations	17	-122	-381	-658	-130	-12	29	-14	-109	-104	-33
Total Pre-Tax Income	20	-120	-318	-556	-124	-3.92	27	-5.12	-104	-91	-25
Total Operating Income	22	-126	-306	-415	-29	-1.74	19	-1.15	-20	-6.34	21
Total Gross Profit	308	138	24	-130	160	166	175	145	121	127	144
Total Revenue	1,757	1,421	1,341	1,062	859	566	711	609	587	581	588
Operating Revenue	1,757	1,421	1,341	1,062	859	566	711	609	587	581	588
Total Cost of Revenue	1,449	1,283	1,317	1,192	699	400	536	464	466	454	444
Operating Cost of Revenue	1,449	1,283	1,317	1,192	699	400	536	464	466	454	444
Total Operating Expenses	286	265	331	285	190	168	156	146	142	133	123
Selling, General & Admin Expense	240	217	221	205	151	142	152	153	135	125	119
Research & Development Expense	17	8.85	7.61	3.80	2.86	4.38	1.60	2.56	6.46	5.13	1.46
Impairment Charge	0.00	0.00	87	40	-	0.00	-	0.00	0.00	3.73	0.95
Other Special Charges / (Income)	15	-0.03	0.01	1.44	-3.94	-3.26	-16	-8.76	0.13	-0.35	1.23
Total Other Income / (Expense), net	-1.90	6.83	-11	-141	-95	-2.18	7.86	-3.96	-84	-85	-45
Interest Expense	2.34	3.70	26	99	99	66	33	40	43	53	36
Interest & Investment Income	0.38	17	-9.36	-11	0.92	0.65	0.53	0.59	0.91	0.65	1.49
Other Income / (Expense), net	0.06	-6.71	24	-31	2.88	63	40	35	-42	-32	-11
Income Tax Expense	3.67	2.71	64	102	5.29	8.18	-2.03	9.07	5.60	13	8.28
Net Income / (Loss) Discontinued Operations	-	7.25	2.24	-67	0.69	1.80	2.23	-12	-88	44	-3.31
Preferred Stock Dividends Declared	-	-	-	-	0.00	0.00	9.13	15	15	15	15
Basic Earnings per Share	$0.36	($2.31)	($8.09)	($52.45)	($3.87)	($0.21)	$0.26	($0.43)	($2.38)	($0.82)	($0.48)
Weighted Average Basic Shares Outstanding	53.49M	50.13M	46.94M	13.83M	31.51M	48.71M	82.39M	88.26M	89.01M	91.72M	105.42M
Diluted Earnings per Share	$0.36	($2.31)	($8.09)	($52.45)	($3.87)	($0.21)	$0.26	($0.43)	($2.38)	($0.82)	($0.48)
Weighted Average Diluted Shares Outstanding	53.71M	50.13M	46.94M	13.83M	31.51M	48.71M	83.58M	88.26M	89.01M	91.72M	105.42M
Weighted Average Basic & Diluted Shares Outstanding	53.20M	50.13M	46.94M	13.83M	31.51M	48.71M	86.33M	88.73M	89.48M	98.40M	135.26M

This table shows Babcock's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-8.80	-121	-66	-21	22	-9.05	-67	-26	-62	31	5.53
Consolidated Net Income / (Loss)	-5.01	-117	-63	-17	25	-5.33	-63	-22	-58	35	9.23
Net Income / (Loss) Continuing Operations	0.59	-12	-85	-13	-21	-7.91	-71	-7.76	-6.05	-2.34	-17
Total Pre-Tax Income	2.46	-13	-81	-12	-16	-8.42	-65	-5.44	-2.16	-1.31	-16
Total Operating Income	12	5.54	-39	5.72	-4.45	1.57	-20	5.85	8.13	6.50	0.26
Total Gross Profit	63	53	-47	39	33	36	24	40	43	37	23
Total Revenue	292	239	-185	164	151	153	66	181	144	149	113
Operating Revenue	292	239	-185	164	151	153	66	181	144	149	113
Total Cost of Revenue	228	186	-138	126	118	117	42	141	101	112	90
Operating Cost of Revenue	228	186	-138	126	118	117	42	141	101	112	90
Total Operating Expenses	51	48	-7.71	33	38	35	44	34	35	31	23
Selling, General & Admin Expense	50	46	-8.51	32	37	33	6.40	33	34	30	23
Research & Development Expense	0.92	0.90	3.33	0.82	0.89	1.21	2.11	0.53	0.94	0.30	-0.31
Total Other Income / (Expense), net	-9.95	-18	-42	-18	-11	-9.99	-45	-11	-10	-7.81	-16
Interest Expense	11	13	5.31	17	13	11	11	11	11	6.77	6.77
Interest & Investment Income	0.48	0.30	0.02	0.12	0.16	0.16	-0.07	0.23	0.54	0.36	0.37
Other Income / (Expense), net	0.75	-5.03	-37	-0.64	1.44	0.58	-35	-0.36	0.17	-1.40	-9.51
Income Tax Expense	1.86	-0.33	3.58	0.91	4.68	-0.51	6.03	2.32	3.89	1.03	1.04
Net Income / (Loss) Discontinued Operations	-5.61	-104	22	-4.00	46	2.58	8.30	-14	-52	37	26
Preferred Stock Dividends Declared	3.72	3.71	3.71	3.71	3.72	3.72	3.72	3.72	3.72	3.72	3.71
Basic Earnings per Share	($0.10)	($1.35)	($0.75)	($0.23)	$0.24	($0.10)	($0.73)	($0.26)	($0.63)	$0.30	$0.11
Weighted Average Basic Shares Outstanding	88.78M	89.13M	89.01M	89.48M	91.05M	92.25M	91.72M	97.93M	98.72M	103.05M	105.42M
Diluted Earnings per Share	($0.10)	($1.35)	($0.75)	($0.23)	$0.24	($0.10)	($0.73)	($0.26)	($0.63)	$0.30	$0.11
Weighted Average Diluted Shares Outstanding	88.78M	89.13M	89.01M	89.48M	91.15M	92.25M	91.72M	97.93M	98.72M	103.05M	105.42M
Weighted Average Basic & Diluted Shares Outstanding	89.08M	89.37M	89.48M	91.01M	92.20M	94.32M	98.40M	98.40M	101.10M	111.10M	135.26M

This table details how cash moves in and out of Babcock's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	147	-279	-18	-29	-3.34	10	159	-113	46	60	70
Net Cash From Operating Activities	170	2.27	-190	-282	-176	-41	-111	-31	-42	-119	-69
Net Cash From Continuing Operating Activities	170	2.27	-167	-282	-176	-41	-111	-18	46	-118	-66
Net Income / (Loss) Continuing Operations	19	-115	-379	-725	-129	-10	29	-14	-109	-104	-33
Consolidated Net Income / (Loss)	19	-115	-379	-725	-129	-10	32	-27	-197	-60	-36
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-12	-88	-	-3.31
Depreciation Expense	35	40	40	32	24	17	18	24	21	17	10
Amortization Expense	0.62	1.24	6.41	26	51	40	-5.76	-0.77	6.68	44	13
Non-Cash Adjustments To Reconcile Net Income	94	82	227	206	-22	-39	-2.83	13	76	-32	-36
Changes in Operating Assets and Liabilities, net	21	-5.76	87	179	-99	-49	-152	-40	51	-86	-20
Net Cash From Investing Activities	-46	-190	-64	179	8.78	2.22	-34	-69	-7.94	110	197
Net Cash From Continuing Investing Activities	-46	-190	-64	179	8.78	2.22	-34	-69	-7.94	110	197
Purchase of Property, Plant & Equipment	-43	-49	-14	-5.47	-3.80	-8.23	-6.68	-13	-9.80	-11	-17
Purchase of Investments	-14	-45	-29	-35	-8.91	-29	-13	-6.43	-6.09	-7.13	-5.99
Divestitures	-	18	0.00	184	7.45	8.00	25	5.50	0.00	121	216
Sale and/or Maturity of Investments	5.27	30	31	35	12	27	16	9.82	8.05	7.36	3.51
Other Investing Activities, net	5.71	0.65	0.71	0.53	2.51	4.95	0.00	0.47	-0.10	0.03	0.00
Net Cash From Financing Activities	54	-83	206	83	167	44	303	-11	8.56	70	-59
Net Cash From Continuing Financing Activities	54	-83	206	83	167	44	327	-11	8.56	78	-59
Repayment of Debt	-1.57	-216	-568	-757	126	44	-234	-11	-227	93	-172
Repurchase of Common Equity	-25	-78	-18	-0.81	-0.12	-0.28	-4.94	-2.82	-1.41	-0.34	-0.39
Payment of Dividends	-	-	-	-	0.00	0.00	-9.13	-15	-11	-19	-15
Issuance of Common Equity	-	0.00	0.00	1.24	1.39	0.00	161	0.00	0.00	7.94	130
Other Financing Activities, net	81	0.00	0.00	244	40	0.01	-2.37	11	-3.99	-4.31	-1.67
Effect of Exchange Rate Changes	-6.41	-	-	-22	-2.82	4.97	1.22	-2.65	-	-1.26	0.90
Cash Interest Paid	-	-	-	-	-	18	20	26	23	37	36
Cash Income Taxes Paid	-	-	-	-	-	6.96	4.99	7.95	6.73	7.76	8.71

This table details how cash moves in and out of Babcock's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-7.19	-18	94	31	100	-74	-8.78	1.43	-22	90	0.28
Net Cash From Operating Activities	-9.37	-28	8.20	-15	-12	-69	-22	-8.48	-25	-32	-2.99
Net Cash From Continuing Operating Activities	-9.37	-28	96	-15	-12	-69	-30	5.75	-40	-42	9.76
Net Income / (Loss) Continuing Operations	0.59	-12	-85	-13	-25	-5.39	-71	-7.76	-12	-2.34	-10
Consolidated Net Income / (Loss)	-5.01	-117	-63	-17	25	-5.33	-63	-22	-59	35	9.25
Depreciation Expense	5.89	5.23	4.51	4.84	4.67	4.22	2.97	2.48	2.33	2.95	2.38
Amortization Expense	1.87	1.21	1.76	1.58	2.76	2.21	2.21	1.64	1.02	-0.72	11
Non-Cash Adjustments To Reconcile Net Income	5.36	42	20	1.69	-48	-6.84	13	-1.43	45	-46	-34
Changes in Operating Assets and Liabilities, net	-17	40	45	-6.26	3.24	-63	28	11	-15	-33	17
Net Cash From Investing Activities	-2.01	-4.43	0.65	-2.85	79	1.93	32	-3.91	15	162	25
Net Cash From Continuing Investing Activities	-2.01	-4.43	0.65	-2.85	79	1.93	32	-3.91	15	162	25
Purchase of Property, Plant & Equipment	-3.39	-4.95	0.75	-3.39	-4.58	-2.16	-1.08	-4.33	-2.75	-5.52	-4.18
Purchase of Investments	-1.93	-1.31	-0.82	-1.62	-1.57	-1.34	-2.60	-3.99	-0.66	-0.94	-0.40
Divestitures	-	-	-	-	-	4.14	33	-	-	167	29
Sale and/or Maturity of Investments	3.31	1.99	0.68	2.15	1.58	1.29	2.34	4.42	-2.10	0.84	0.35
Net Cash From Financing Activities	1.61	16	-3.38	51	30	-11	-1.11	-0.41	2.99	-40	-21
Net Cash From Continuing Financing Activities	1.47	16	-3.58	54	32	-10	-6.71	-0.41	8.13	-34	-32
Repayment of Debt	5.49	20	-251	61	34	-2.21	-224	-20	27	-59	-120
Payment of Dividends	-3.72	0.00	-3.72	-3.71	-3.72	-7.43	-3.71	-3.83	-0.00	-7.43	-3.71
Issuance of Common Equity	-	-	-	0.00	2.03	-	5.91	5.19	0.30	27	98
Other Financing Activities, net	-0.30	-2.21	-1.20	-3.28	-0.34	-0.34	-0.34	-0.40	-0.42	-0.42	-0.43
Cash Interest Paid	6.38	3.92	6.38	7.09	9.14	12	9.52	9.28	9.23	6.29	12
Cash Income Taxes Paid	1.71	1.38	2.09	2.32	1.94	0.92	2.59	2.53	1.50	4.10	0.58

This table presents Babcock's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,663	1,529	1,322	745	627	599	913	942	776	727	663
Total Current Assets	978	778	732	550	412	396	582	558	498	553	471
Cash & Equivalents	365	96	44	43	44	57	225	76	40	23	89
Restricted Cash	37	28	26	17	13	10	1.84	15	3.91	94	85
Accounts Receivable	464	522	331	242	165	164	167	197	101	92	118
Inventories, net	90	86	73	61	63	74	80	103	98	58	61
Other Current Assets	22	46	170	186	127	86	110	145	93	103	117
Other Current Nonoperating Assets	-	-	88	-	-	4.73	-	21	162	183	0.00
Plant, Property, & Equipment, net	146	134	115	0.00	0.00	0.00	86	85	69	61	66
Total Noncurrent Assets	539	618	475	196	214	203	245	299	209	113	127
Goodwill	201	267	86	47	47	47	116	100	85	51	53
Intangible Assets	38	71	42	31	25	24	44	52	24	18	15
Noncurrent Deferred & Refundable Income Taxes	191	163	97	-	-	-	-	2.00	2.11	0.17	0.95
Other Noncurrent Operating Assets	17	17	26	27	37	35	85	56	47	33	31
Other Noncurrent Nonoperating Assets	-	-	181	0.00	7.32	11	0.00	89	51	10	27
Total Liabilities & Shareholders' Equity	1,663	1,529	1,322	745	627	599	913	942	776	727	663
Total Liabilities	915	968	1,132	1,023	921	930	855	944	976	1,010	794
Total Current Liabilities	561	618	744	712	602	271	253	372	350	407	387
Short-Term Debt	2.01	-	169	176	283	0.00	12	3.83	6.17	125	151
Accounts Payable	175	221	205	200	110	73	86	131	83	88	69
Accrued Expenses	103	136	123	167	102	106	67	64	55	31	44
Current Deferred Revenue	229	211	172	149	75	64	68	131	59	56	112
Current Employee Benefit Liabilities	51	35	27	19	18	14	13	13	3.75	3.83	4.58
Other Current Liabilities	-	14	-	0.00	4.32	4.88	6.40	4.68	4.66	4.85	5.71
Other Current Nonoperating Liabilities	-	-	47	0.00	9.54	8.31	-	25	138	98	0.00
Total Noncurrent Liabilities	353	351	387	311	319	659	601	572	626	604	408
Long-Term Debt	-	9.80	94	-	0.00	348	328	349	373	349	170
Capital Lease Obligations	-	-	-	0.00	-	-	-	-	26	29	27
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	1.40	12	10	9.80	11
Noncurrent Employee Benefit Liabilities	310	301	250	282	259	252	183	136	173	193	176
Other Noncurrent Operating Liabilities	43	40	30	29	60	59	89	70	38	24	24
Total Equity & Noncontrolling Interests	748	561	191	-277	-295	-331	59	-2.09	-200	-283	-132
Total Preferred & Common Equity	748	552	182	-286	-296	-332	33	-2.57	-201	-284	-132
Preferred Stock	-	-	-	-	-	0.00	0.08	0.08	0.08	0.08	0.08
Total Common Equity	748	552	182	-286	-296	-332	33	-2.65	-201	-284	-132
Common Stock	791	807	801	1,049	1,147	1,169	1,524	1,543	1,551	1,564	1,697
Retained Earnings	0.97	-115	-492	-1,218	-1,340	-1,343	-1,321	-1,359	-1,571	-1,646	-1,697
Treasury Stock	-25	-	-105	-106	-106	-106	-111	-114	-115	-116	-116
Accumulated Other Comprehensive Income / (Loss)	-19	-36	-22	-11	1.93	-52	-59	-73	-66	-87	-16
Noncontrolling Interest	0.72	8.80	8.60	8.83	1.42	1.10	25	0.49	0.61	0.59	0.00

This table presents Babcock's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	987	837	796	849	805	720	703	658
Total Current Assets	618	542	482	575	530	483	527	480
Cash & Equivalents	55	48	44	95	31	22	22	24
Restricted Cash	18	6.51	17	75	63	85	77	166
Accounts Receivable	224	198	154	151	170	128	98	102
Inventories, net	119	114	112	110	117	111	66	65
Other Current Assets	202	146	130	114	123	94	95	98
Other Current Nonoperating Assets	-	30	24	29	27	42	169	26
Plant, Property, & Equipment, net	84	84	79	78	74	71	64	67
Total Noncurrent Assets	285	211	235	196	201	166	113	112
Goodwill	158	100	101	84	85	82	53	53
Intangible Assets	57	46	43	31	24	18	18	17
Noncurrent Deferred & Refundable Income Taxes	-	4.66	2.09	2.09	6.34	0.10	0.09	0.09
Other Noncurrent Operating Assets	60	50	48	49	52	55	31	32
Other Noncurrent Nonoperating Assets	11	10	42	31	34	10	10	10
Total Liabilities & Shareholders' Equity	987	837	796	849	805	720	703	658
Total Liabilities	1,000	979	1,018	1,047	1,008	1,022	1,012	890
Total Current Liabilities	426	394	333	334	298	511	529	401
Short-Term Debt	4.44	5.27	4.47	3.48	2.98	233	236	168
Accounts Payable	180	144	130	147	122	119	97	76
Accrued Expenses	83	81	72	60	60	44	37	32
Current Deferred Revenue	140	95	75	63	59	54	59	79
Current Employee Benefit Liabilities	13	12	11	12	12	4.69	4.97	5.93
Other Current Liabilities	5.08	4.92	5.20	4.97	5.28	4.99	4.81	5.21
Other Current Nonoperating Liabilities	-	51	35	43	37	52	91	34
Total Noncurrent Liabilities	574	585	685	714	710	511	483	489
Long-Term Debt	354	372	437	473	472	241	236	248
Capital Lease Obligations	53	52	52	51	53	58	41	42
Noncurrent Deferred & Payable Income Tax Liabilities	10	8.62	13	11	11	12	11	11
Noncurrent Employee Benefit Liabilities	135	135	172	168	164	190	186	179
Other Noncurrent Operating Liabilities	22	18	11	11	10	11	9.48	9.76
Total Equity & Noncontrolling Interests	-13	-142	-222	-198	-203	-303	-309	-232
Total Preferred & Common Equity	-14	-142	-223	-199	-204	-303	-309	-232
Preferred Stock	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08
Total Common Equity	-14	-142	-223	-199	-204	-303	-309	-232
Common Stock	1,548	1,550	1,553	1,556	1,557	1,570	1,571	1,599
Retained Earnings	-1,384	-1,504	-1,591	-1,570	-1,579	-1,671	-1,734	-1,702
Treasury Stock	-114	-115	-115	-115	-115	-116	-116	-116
Accumulated Other Comprehensive Income / (Loss)	-64	-73	-69	-70	-67	-86	-31	-13
Noncontrolling Interest	0.53	0.63	0.54	0.59	0.58	0.50	0.54	0.00

This table displays calculated financial ratios and metrics derived from Babcock's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	53,613,117.00	48,685,410.00	44,049,127.00	168,729,527.00	46,340,524.00	52,009,498.00	86,260,649.00	88,633,634.00	89,371,408.00	-	111,100,100.00
DEI Adjusted Shares Outstanding	5,361,312.00	4,868,541.00	4,404,913.00	16,872,953.00	46,340,524.00	52,009,498.00	86,260,649.00	88,633,634.00	89,371,408.00	-	111,100,100.00
DEI Earnings Per Adjusted Shares Outstanding	3.57	-23.75	-86.23	-42.99	-2.63	-0.20	0.25	-0.43	-2.37	-	-0.46
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	18	-89	-215	-291	-21	-1.22	21	-0.81	-14	18	15
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-0.23%	-6.84%	8.01%	6.71%
Earnings before Interest and Taxes (EBIT)	22	-133	-282	-446	-27	61	60	34	-62	-8.19	9.64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	58	-92	-236	-388	48	118	72	57	-34	17	33
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	72	-181	1.53	3.24	-115	-9.58	-210	-7.10	73	6.54	5.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	256	348	132	-161	-67	-58	172	178	91	102	15
Increase / (Decrease) in Invested Capital	-54	93	-216	-294	95	8.36	231	6.29	-87	11	8.93
Book Value per Share	$13.95	$11.34	$4.13	($1.70)	($6.40)	($6.39)	$0.38	($0.03)	($2.25)	($3.01)	($1.18)
Tangible Book Value per Share	$9.49	$4.39	$1.23	($2.16)	($7.96)	($7.76)	($1.47)	($1.75)	($3.47)	($4.08)	($1.80)
Total Capital	750	571	454	-101	-12	17	399	350	205	219	216
Total Debt	2.01	9.80	264	176	283	348	340	353	406	502	348
Total Long-Term Debt	0.00	9.80	94	0.00	0.00	348	328	349	400	377	197
Net Debt	-493	-213	151	116	226	280	114	261	362	385	173
Capital Expenditures (CapEx)	43	49	14	5.47	3.80	8.23	6.68	13	9.80	11	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	17	36	88	-46	36	58	115	98	110	109	61
Debt-free Net Working Capital (DFNWC)	419	160	157	14	93	125	341	190	154	227	235
Net Working Capital (NWC)	417	160	-12	-162	-190	125	329	186	147	102	84
Net Nonoperating Expense (NNE)	-1.21	27	164	434	108	9.08	-11	26	183	77	51
Net Nonoperating Obligations (NNO)	-493	-213	-58	116	228	273	114	181	292	386	146
Total Depreciation and Amortization (D&A)	36	41	47	58	74	57	13	23	28	25	23
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.60	($23.10)	($80.90)	($57.00)	($3.87)	($0.21)	$0.26	($0.43)	($2.38)	($0.82)	($0.48)
Adjusted Weighted Average Basic Shares Outstanding	5.35M	5.01M	4.69M	16.88M	46.41M	85.56M	82.39M	88.26M	89.01M	91.72M	105.42M
Adjusted Diluted Earnings per Share	$3.60	($23.10)	($80.90)	($57.00)	($3.87)	($0.21)	$0.26	($0.43)	($2.38)	($0.82)	($0.48)
Adjusted Weighted Average Diluted Shares Outstanding	5.37M	5.01M	4.69M	16.88M	46.41M	85.56M	83.58M	88.26M	89.01M	91.72M	105.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($57.00)	($3.87)	($0.21)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	5.20M	4.87M	4.41M	12.72M	31.51M	48.71M	86.33M	88.73M	89.48M	98.40M	135.26M
Normalized Net Operating Profit after Tax (NOPAT)	42	-61	-143	-250	-15	4.79	6.02	-7.08	-14	21	16
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Babcock's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
DEI Shares Outstanding	88,752,057.00	89,081,158.00	89,371,408.00	89,480,435.00	91,012,045.00	92,195,934.00	-	98,404,024.00	98,404,024.00	101,097,542.00	111,100,100.00
DEI Adjusted Shares Outstanding	88,752,057.00	89,081,158.00	89,371,408.00	89,480,435.00	91,012,045.00	92,195,934.00	-	98,404,024.00	98,404,024.00	101,097,542.00	111,100,100.00
DEI Earnings Per Adjusted Shares Outstanding	-0.10	-1.35	-0.74	-0.23	0.24	-0.10	-	-0.26	-0.63	0.31	0.05
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	3.00	3.88	-28	4.01	-3.11	1.10	-14	4.10	5.69	4.55	0.18
Return On Investment Capital (ROIC_SIMPLE)	-	-	-13.40%	1.48%	-0.95%	0.34%	-6.38%	1.79%	2.80%	2.01%	0.08%
Earnings before Interest and Taxes (EBIT)	13	0.51	-76	5.08	-3.01	2.14	-55	5.49	8.30	5.10	-9.25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	21	6.95	-70	12	4.42	8.57	-49	9.61	12	7.32	4.49
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-25	10	60	75	170	37	-25	62	131	178	-8.75
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	314	243	91	179	141	207	102	122	15	34	15
Increase / (Decrease) in Invested Capital	28	-6.42	-87	-71	-173	-36	11	-58	-125	-173	8.93
Book Value per Share	($0.15)	($1.60)	($2.25)	($2.49)	($2.19)	($2.21)	($3.01)	($3.21)	($3.14)	($2.30)	($1.18)
Tangible Book Value per Share	($2.58)	($3.24)	($3.47)	($4.10)	($3.44)	($3.39)	($4.08)	($4.28)	($3.87)	($2.98)	($1.80)
Total Capital	398	288	205	271	329	325	219	229	203	226	216
Total Debt	411	429	406	493	528	528	502	531	512	458	348
Total Long-Term Debt	406	424	400	489	524	525	377	299	276	290	197
Net Debt	337	374	362	433	357	434	385	425	413	268	173
Capital Expenditures (CapEx)	3.39	4.95	-0.75	3.39	4.58	2.16	1.08	4.33	2.75	5.52	4.18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	124	99	110	93	73	141	109	98	135	57	61
Debt-free Net Working Capital (DFNWC)	197	154	154	154	244	235	227	204	233	247	235
Net Working Capital (NWC)	193	149	147	149	241	232	102	-28	-2.39	79	84
Net Nonoperating Expense (NNE)	8.01	121	35	21	-29	6.43	49	26	64	-31	-9.05
Net Nonoperating Obligations (NNO)	327	385	292	402	339	410	386	424	324	266	146
Total Depreciation and Amortization (D&A)	7.77	6.44	6.27	6.42	7.43	6.43	5.18	4.12	3.36	2.22	14
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.10)	($1.35)	($0.75)	($0.23)	$0.24	($0.10)	($0.73)	($0.26)	($0.63)	$0.30	$0.11
Adjusted Weighted Average Basic Shares Outstanding	88.78M	89.13M	89.01M	89.48M	91.05M	92.25M	91.72M	97.93M	98.72M	103.05M	105.42M
Adjusted Diluted Earnings per Share	($0.10)	($1.35)	($0.75)	($0.23)	$0.24	($0.10)	($0.73)	($0.26)	($0.63)	$0.30	$0.11
Adjusted Weighted Average Diluted Shares Outstanding	88.78M	89.13M	89.01M	89.48M	91.15M	92.25M	91.72M	97.93M	98.72M	103.05M	105.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	89.08M	89.37M	89.48M	91.01M	92.20M	94.32M	98.40M	98.40M	101.10M	111.10M	135.26M
Normalized Net Operating Profit after Tax (NOPAT)	8.73	4.77	-27	4.01	-3.11	1.10	-16	4.76	5.81	4.94	0.18
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

BW (Babcock & Wilcox Enterprises) has shown a mix of improving near-term cash flow and ongoing balance-sheet leverage over the last several quarters. Below are 10 key takeaways drawn from the latest four years of quarterly data across the income statement, cash flow statement, and balance sheet.

Q4 2025: Consolidated net income was $9.24M, with $5.53M attributable to common shareholders. This marks a positive quarterly bottom line despite ongoing volatility in related lines.
Q4 2025: Net cash from continuing operating activities was $9.76M. Positive operating cash flow helps support near-term liquidity.
Q4 2025: Net cash from continuing investing activities was $24.59M. Positive investing cash flow was driven by divestitures and asset sales, adding to liquidity.
Q3 2025: Net change in cash and equivalents was $90.28M in the quarter. A substantial cash increase driven by financing and investing activity enhances liquidity for the period.
Q3 2025: Issuance of common equity contributed about $97.65M in net cash from financing activities. This equity issuance improved the balance sheet liquidity, albeit with share dilution implications.
Q3 2025: Divestitures added a significant cash inflow (roughly $167.39M) to investing activities. This one-time item boosted liquidity for the quarter.
Discontinued operations contributed to net income in Q4 2025 (one-off gain of $25.92M), which can distort ongoing profitability comparisons versus peers and other quarters.
Restatements and volatility appear in prior periods (e.g., restated results in 2024 quarters), suggesting some variability in reported figures that may affect trend interpretation.
Equity financing and one-off divestitures helped cash flow in certain quarters, but they are not a recurring source of sustained earnings and equity dilution remains a consideration for long-term holders.
Negative equity trends remain a concern: Total Common Equity is negative across several periods (e.g., approximately -$232.3M in Q3 2025 and -$309.2M in Q2 2025, -$303.1M in Q1 2025). This persistent equity deficit indicates a reliance on debt and equity financing and highlights ongoing balance-sheet leverage.

05/06/26 09:49 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Babcock's Financials

When does Babcock's financial year end?

According to the most recent income statement we have on file, Babcock's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Babcock's net income changed over the last 10 years?

Babcock's net income appears to be on a downward trend, with a most recent value of -$36.16 million in 2025, falling from $19.34 million in 2015. The previous period was -$59.92 million in 2024. Find out what analysts predict for Babcock in the coming months.

What is Babcock's operating income?

Babcock's total operating income in 2025 was $20.74 million, based on the following breakdown:

Total Gross Profit: $143.85 million
Total Operating Expenses: $123.11 million

How has Babcock's revenue changed over the last 10 years?

Over the last 10 years, Babcock's total revenue changed from $1.76 billion in 2015 to $587.68 million in 2025, a change of -66.6%.

How much debt does Babcock have?

Babcock's total liabilities were at $794.48 million at the end of 2025, a 21.4% decrease from 2024, and a 13.1% decrease since 2015.

How much cash does Babcock have?

In the past 10 years, Babcock's cash and equivalents has ranged from $23.40 million in 2024 to $365.19 million in 2015, and is currently $89.46 million as of their latest financial filing in 2025.

How has Babcock's book value per share changed over the last 10 years?

Over the last 10 years, Babcock's book value per share changed from 13.95 in 2015 to -1.18 in 2025, a change of -108.5%.

Related Companies

Financial statements for NYSE:BW last updated on 4/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Babcock (BW) Financials

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Babcock (BW) Financials

Annual Income Statements for Babcock

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Key Financial Trends

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