Is Babcock & Wilcox Enterprises going out of business?

BABCOCK & WILCOX ENTERPRISES, INC (BW) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

BABCOCK & WILCOX ENTERPRISES, INC (BW) scores 26 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: ROE quality: -31.99%

Five questions, kept separate

Survival - Stable

35+ mo of estimated runway from 2026-06-30, based on $309M of cash and short-term investments against $88.4M of annual burn. Adjusted shares outstanding increased 40.4% over the comparison year.

Business quality - Weak

2.1% operating margin and -11.1% FCF margin produce a weak Business Quality assessment.

Trajectory - Accelerating

Revenue, operating margin and cash margin improved together. Revenue improved 57.3%; operating margin improved 4.7pp; FCF margin improved 25.2pp. The TTM window includes a mixed-basis Q4 estimate.

Valuation - Extreme expectations

-7.3% normalized FCF yield supports an extreme expectations Valuation assessment on the ttm basis.

Event risk - Evidence unavailable

No active asserted adverse event was found in the available filing evidence. The filing evidence is stale or incomplete, so this is not proof of absence.

What the rules read

• Debt / Equity: -3.41x (Net Cash)
• ROE quality: -31.99%
• ROIC: -10.74%
• FCF margin: -11.09%
• Shares dilution YoY: 40.42% (YoY)
• Asset Efficiency: 0.80x
• Net income trend: 124.37% (Loss narrowing)
• Revenue CAGR (3Y): -1.20%
• Revenue growth YoY: 130.25% (Industrial YoY) - Growth from a low base; sustainability uncertain.
• Gross margin (industrial): 14.59%
• Return on Assets: -1.84%
• Debt Maturity Runway: 100% long-term (Long-term focused)

Read from filings through 2026-08-10.

Price as of 2026-09-11.