Babcock & Wilcox Enterprises, Inc. balance sheet

At the end of fiscal 2025, Babcock & Wilcox Enterprises, Inc. had total assets of $663m, total liabilities of $794m and shareholders' equity of −$132m. It held $89.5m in cash against $151m of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Babcock & Wilcox Enterprises, Inc.: balance sheet, annual
Fiscal year	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	191	219	365	87	44	43	44	57	225	77	65	27	89	309
Receivables	—	265	291	282	253	197	142	128	132	158	77	92	118	171
Inventory	—	99	90	86	73	61	63	74	80	103	98	58	61	61
Total current assets	—	849	978	778	732	550	412	396	582	558	498	553	471	725
Goodwill	105	209	201	163	86	47	47	47	116	84	54	51	53	52
Total assets	—	1,517	1,663	1,529	1,322	745	627	599	913	942	776	727	663	1,000
Accounts payable	—	161	175	221	205	200	110	73	86	131	83	88	69	170
Deferred revenue (current)	—	—	—	—	172	149	75	64	68	131	52	56	112	82
Total current liabilities	—	488	561	618	744	712	602	271	253	372	350	407	387	500
Short-term debt	—	3	2	—	—	31	104	0	—	—	—	0	84	61
Long-term debt	—	—	—	—	0	31	—	183	—	—	—	—	151	—
Total debt	0	3	2	24	160	207	283	183	3	—	0	0	151	148
Total liabilities	—	829	915	968	1,132	1,023	921	930	855	944	976	1,010	794	942
Shareholders' equity	526	686	748	552	182	−286	−296	−332	33	−3	−201	−284	−132	57
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	—	25	—	—	—	—	—
Shares outstanding	—	—	—	—	—	17m	—	54m	86m	89m	89m	95m	130m	149m

US$ millions unless shown otherwise. Fiscal quarters.

Babcock & Wilcox Enterprises, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	90	92	105	97	102	118	126	171
Inventory	117	58	111	66	65	61	61	61
Total current assets	530	553	483	527	480	471	491	725
Goodwill	85	51	82	53	53	53	53	52
Total assets	805	727	720	703	658	663	758	1,000
Accounts payable	122	88	119	97	76	69	109	170
Deferred revenue (current)	59	56	51	56	79	112	106	82
Total current liabilities	298	407	511	529	401	387	495	500
Short-term debt	—	0	108	—	—	84	69	61
Long-term debt	—	—	—	—	—	151	149	—
Total debt	—	0	108	—	—	235	218	61
Total liabilities	1,008	1,010	1,022	1,012	890	794	930	942
Shareholders' equity	−204	−284	−303	−309	−232	−132	−172	57
Shares outstanding	92m	95m	98m	99m	111m	130m	136m	149m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Babcock & Wilcox Enterprises, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Babcock & Wilcox Enterprises, Inc.