Babcock & Wilcox Enterprises, Inc. income statement

In fiscal 2025, Babcock & Wilcox Enterprises, Inc. reported revenue of $588m, up 1.1% on the year before, operating income of $20.7m (a 3.5% margin) and net income of −$36.2m, or −$0.48 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Babcock & Wilcox Enterprises, Inc.: income statement, 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
Revenue	1,768	1,486	1,757	1,421	1,341	1,062	859	566	711	609	587	581	588	822
Cost of revenue	1,331	1,267	1,449	1,283	1,317	1,192	699	400	536	464	466	454	444	662
Gross profit	436	−219	308	138	24	−130	160	166	175	145	121	127	144	160
Research and development	21	18	17	9	8	4	3	4	2	4	—	—	—	—
Selling, general and administrative	204	225	240	217	221	205	151	142	152	153	135	125	119	135
Operating income	210	−38	22	−110	−316	−427	−29	−2	19	−1	−20	−6	21	22
Interest expense	0	0	2	4	26	50	95	60	40	40	43	46	38	25
Net interest income	—	−0	−2	−3	−25	−49	−94	—	—	—	—	—	—	—
Income before tax	212	−37	20	−120	−318	−556	−124	−4	27	−5	−104	−91	−25	−73
Income tax	72	−25	4	3	64	102	5	8	−2	9	6	13	8	6
Net income	175	−27	19	−116	−380	−725	−122	−10	31	−23	−197	−60	−36	−18
Diluted EPS	$10.33	−$1.63	$0.12	−$0.77	−$26.97	−$52.45	−$3.87	−$0.21	$0.26	−$0.43	−$2.38	−$0.82	−$0.48	−$0.14
Diluted shares (average)	17m	16m	16m	15m	14m	14m	32m	49m	84m	88m	89m	92m	105m	128m
EBITDA	233	−6	57	−70	−276	−395	−6	15	38	23	1	10	31	33

US$ millions unless shown otherwise. Fiscal quarters.

Babcock & Wilcox Enterprises, Inc.: income statement, 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
Revenue	153	136	149	139	149	139	214	320
Cost of revenue	117	109	121	97	112	106	171	273
Gross profit	36	27	28	41	37	33	43	47
Selling, general and administrative	33	26	28	33	30	27	44	34
Operating income	2	−4	−2	7	7	6	−2	12
Interest expense	10	12	11	11	9	7	4	5
Income before tax	−8	−51	−14	−3	−1	−9	−75	13
Income tax	−1	10	2	4	1	1	4	−1
Net income	−5	−63	−22	−58	35	9	−77	14
Diluted EPS	−$0.10	−$0.73	−$0.26	−$0.63	$0.30	$0.09	−$0.60	$0.07
EBITDA	4	−1	1	9	9	8	1	14

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: BW vs HLIO BW vs SXI BW vs GRC

More: Industrial Machinery & Supplies & Components stocks compared, Industrials sector, rankings of US companies

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.