BW
IndustrialsBabcock & Wilcox Enterprises, Inc. · Industrial - Machinery · $2B
What is Babcock & Wilcox Enterprises, Inc.?
Babcock & Wilcox Enterprises provides energy and emissions control solutions to industrial, utility, and municipal customers across the globe. The company operates through three distinct business segments focused on renewable energy, environmental controls, and thermal steam generation.
Babcock & Wilcox generates revenue by designing, building, and servicing equipment that helps customers produce power more cleanly and efficiently. Its Renewable segment converts waste into energy and supports biomass and solar projects. The Environmental segment delivers emissions control systems — covering particulate, nitrogen oxide, sulfur dioxide, mercury, and carbon management. The Thermal segment supplies steam generation equipment and aftermarket parts to power plants, refineries, petrochemical facilities, and food processors worldwide.
Incorporated in its current form in 2015, Babcock & Wilcox is headquartered in Akron, Ohio.
- Waste-to-energy and biomass power systems
- Emissions control and air quality technology
- Industrial steam generation equipment
- Aftermarket parts and field maintenance services
- Carbon capture and chemical looping solutions
Is BW a Good Stock to Buy?
UQS Score rates BW as Below Average overall, reflecting meaningful challenges across several key dimensions.
The brightest spot in BW's profile is its Growth pillar, which registers as Good — suggesting the business is expanding its revenue base, likely driven by rising demand for clean energy and emissions compliance solutions. This growth orientation gives the company a forward-looking angle that some peers in the industrials space lack.
However, the Quality, Moat, and Risk pillars all register as Weak, pointing to concerns around financial durability, competitive differentiation, and balance sheet or operational vulnerabilities. Valuation sits at Neutral, offering neither a clear discount nor a premium cushion.
See the full pillar breakdown and underlying financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does BW pay dividends?
No — Babcock & Wilcox Enterprises, Inc. does not currently pay a dividend.
Babcock & Wilcox does not currently pay a dividend. For a company navigating a growth phase in clean energy and emissions technology, retaining capital for operational investment and debt management tends to take priority over shareholder distributions. Income-focused investors should factor this into their assessment.
When does BW report earnings?
Babcock & Wilcox reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's Growth pillar rating suggests revenues have been trending in a positive direction, though the Weak Quality and Risk ratings indicate that translating top-line gains into consistent profitability remains a challenge. Execution on large project contracts can introduce variability quarter to quarter.
For the most recent quarterly results and guidance, visit Babcock & Wilcox's official investor relations page.
What if I invested in Babcock & Wilcox Enterprises, Inc.?
Based on Babcock & Wilcox Enterprises, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
BW Long-term Outlook
The fundamental outlook for Babcock & Wilcox is shaped by a genuine tailwind — global demand for waste-to-energy infrastructure, stricter emissions regulations, and industrial decarbonization — which supports the Good Growth pillar rating. That said, the Weak Risk pillar signals that execution, leverage, or market concentration risks could temper the upside. The Neutral Valuation label suggests the market has already priced in some of this mixed picture, leaving limited margin for error.
Growth drivers
- Tightening global emissions regulations driving demand for environmental control systems
- Expanding waste-to-energy and biomass project pipeline
- Aftermarket parts and services providing recurring revenue from installed base
Key risks
- Weak Risk pillar points to potential balance sheet or cash flow vulnerabilities
- Project-based revenue model creates earnings variability
- Weak Moat rating suggests limited pricing power against larger industrial competitors
BW vs Peers
Babcock & Wilcox operates in a fragmented industrials landscape alongside companies that address overlapping energy and power technology markets.
AMSC focuses on power electronics and grid solutions, competing at the intersection of clean energy infrastructure and utility modernization rather than combustion or emissions control.
Enerpac specializes in high-force industrial tools and services, giving it a more diversified industrial customer base with less direct exposure to power generation cycles.
Power Solutions International designs and manufactures engines for industrial and power generation applications, competing with BW's thermal segment on the equipment supply side.
Frequently Asked Questions
What does Babcock & Wilcox do?
Babcock & Wilcox provides energy and emissions control solutions to industrial, utility, and municipal customers worldwide. Its three segments cover renewable energy technologies like waste-to-energy and biomass, environmental controls for air quality and carbon management, and thermal steam generation equipment with aftermarket services.
Does BW pay dividends?
No, Babcock & Wilcox does not currently pay a dividend. The company appears to prioritize reinvesting available capital into its operations and project pipeline rather than returning cash to shareholders through distributions.
When does BW report earnings?
Babcock & Wilcox follows a standard quarterly earnings cadence for US-listed companies. For the exact schedule and most recent results, check the investor relations section of the company's official website.
Is BW a good stock to buy?
UQS Score rates BW as Below Average overall. While the Growth pillar is rated Good — reflecting positive revenue momentum — the Quality, Moat, and Risk pillars are all rated Weak. That combination warrants careful consideration. The full pillar breakdown is available to UQS Pro members.
Is BW overvalued?
BW's Valuation pillar is rated Neutral, meaning the stock does not appear dramatically cheap or expensive relative to its fundamentals at the time of scoring. Given the Weak Quality and Risk ratings, a Neutral valuation offers limited buffer against downside surprises.
How does BW compare to its competitors?
Compared to peers like American Superconductor, Enerpac Tool Group, and Power Solutions International, BW occupies a distinct niche in emissions control and waste-to-energy. Its Below Average UQS Score suggests it faces more quality and risk headwinds than some industrial peers. Pro members can view side-by-side UQS comparisons.
What is BW's market cap bracket?
Babcock & Wilcox is classified as a small-cap company. This means it carries the growth potential sometimes associated with smaller industrials, but also the liquidity and volatility risks that tend to accompany companies of this size.
Who founded Babcock & Wilcox?
The Babcock & Wilcox name has deep industrial roots going back to the nineteenth century. The current corporate entity, Babcock & Wilcox Enterprises, Inc., was established in 2015. Detailed founding history is widely available through the company's public filings and corporate website.
Is BW a long-term quality investment?
As a long-term quality indicator, BW's profile is mixed. The Good Growth rating suggests expanding business activity, but Weak scores across Quality, Moat, and Risk raise questions about the durability of that growth. Long-term investors typically look for stronger moat and quality ratings as a foundation.
What is the main competitive advantage of Babcock & Wilcox?
BW's primary competitive positioning comes from its specialized expertise in emissions control and waste-to-energy systems, backed by a large installed base of thermal equipment that generates recurring aftermarket revenue. However, its Weak Moat rating suggests this advantage may not be strongly defensible against well-capitalized competitors.
What sector does BW belong to?
Babcock & Wilcox belongs to the Industrials sector, specifically within the energy equipment and services space. Its focus on clean energy transition technologies — waste-to-energy, emissions controls, and decarbonization — gives it exposure to both traditional industrial demand and emerging environmental regulation trends.
Is BW a growth stock or value stock?
Based on UQS pillar labels, BW leans toward growth — its Growth pillar is rated Good, reflecting expanding revenues. However, the Neutral Valuation rating means it is not priced as a deep value opportunity. It occupies a middle ground that carries both growth promise and meaningful execution risk.
Unlock Full BW Analysis
Sign in to unlock the detailed analysis behind the UQS Score.
- ✓View exact UQS Score and all five pillar ratings
- ✓Access detailed financial metrics behind each pillar
- ✓Compare BW side-by-side with sector peers
- ✓Screen for stronger-quality industrials alternatives
- ✓Get the complete analyst-grade quality breakdown
- ✓Track score changes as new financials are released
Pro Analysis
BW — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 24, 2026 | 38.3 | 34.4 | 21.0 | 67.4 | 30.3 | 42.8 | 0.0 |
| May 23, 2026 | 38.3 | 34.4 | 21.0 | 67.4 | 30.3 | 43.1 | +0.1 |
| May 22, 2026 | 38.2 | 34.4 | 21.0 | 67.4 | 30.3 | 42.3 | -0.1 |
| May 21, 2026 | 38.3 | 34.4 | 21.0 | 67.4 | 30.3 | 43.0 | 0.0 |
| May 20, 2026 | 38.3 | 34.4 | 21.0 | 67.4 | 30.3 | 42.8 | 0.0 |
| May 19, 2026 | 38.3 | 34.4 | 21.0 | 67.4 | 30.3 | 42.5 | +0.1 |
| May 16, 2026 | 38.2 | 34.4 | 21.0 | 67.4 | 30.3 | 41.8 | 0.0 |
| May 15, 2026 | 38.2 | 34.4 | 21.0 | 67.4 | 30.3 | 42.1 | -0.1 |
| May 14, 2026 | 38.3 | 34.4 | 21.0 | 67.4 | 30.3 | 42.9 | -0.1 |
| May 13, 2026 | 38.4 | 34.4 | 21.0 | 67.4 | 30.3 | 43.4 | -0.1 |
BW — Pillar Breakdown
Quality
— 34.4/100 (25%)Babcock & Wilcox Enterprises, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 67.4/100 (20%)Babcock & Wilcox Enterprises, Inc. demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 30.3/100 (15%)Babcock & Wilcox Enterprises, Inc. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 42.8/100 (15%)Babcock & Wilcox Enterprises, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 21/100 (25%)Babcock & Wilcox Enterprises, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for BW.
Score Composition
Financial Data
More Stock Analysis
How is the BW UQS Score Calculated?
The UQS (Unified Quality Score) for Babcock & Wilcox Enterprises, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Babcock & Wilcox Enterprises, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Babcock & Wilcox Enterprises, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.