Company data sheet · Babcock & Wilcox Enterprises
Babcock & Wilcox Enterprises: five lost years, and the economy wasn't the reason.
- Industry
- Heating Equipment, Except Electric & Warm Air Furnaces
- Headquarters
- United States
- Ticker
- BW (NYSE)
- Sources
- SEC filings (2015–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to five straight losses. Babcock & Wilcox Enterprises earned $0.2 billion in 2013–2015. Then it lost money every year from 2016 to 2020: $1.4 billion in all. 2021 was its first profit in six years: $0 billion.
- It wasn't the cycle. The losses began in 2016, a year the US economy grew 1.8% and factories added jobs. When a company falls while its economy grows, look inside the company first.
- Left behind by its peers. From 2016 to 2025, its revenue shrank 59% in US dollars; the median among 586 large manufacturers grew 58%. It outgrew only 1% of them.
- Still smaller than it was. Revenue reached $0.6 billion in 2025, 59% below its 2016 peak of $1.4 billion.
- Leaders came and went. Babcock & Wilcox Enterprises filed 36 leadership changes since 2016, more than 90% of large manufacturers (the median is 19). The day after each, its shares moved a median 0.4 points against its sector. The news was rarely news.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $1.4 billion | −$0.1 billion | |
| 2017 | $1.3 billion | −$0.4 billion | |
| 2018 | $1.1 billion | −$0.7 billion | |
| 2019 | $0.9 billion | −$0.1 billion | |
| 2020 | $0.6 billion | −$0 billion | |
| 2021 | $0.7 billion | $0 billion | |
| 2022 | $0.6 billion | −$0 billion | |
| 2023 | $0.6 billion | −$0.2 billion | |
| 2024 | $0.6 billion | −$0.1 billion | |
| 2025 | $0.6 billion | −$0 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 105 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (50 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 953 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
The full data sheet downloads with the Data Plan. To see exactly what you get first, open the Boeing sample PDF or Excel.