Babcock & Wilcox Enterprises, Inc. (BW) Revenue History
Annual and quarterly revenue from 2013 to present
BW Revenue Over Time (2013–2025)
BW Revenue Growth History
3 of 12 years with positive growth- FY2013 revenue growth
- N/A
- FY2014 revenue growth
- -10.1%
- FY2015 revenue growth
- +10.5%
- FY2016 revenue growth
- -10.2%
- FY2017 revenue growth
- -1.3%
- FY2018 revenue growth
- -31.8%
- FY2019 revenue growth
- -19.1%
- FY2020 revenue growth
- -34.1%
- FY2021 revenue growth
- +25.5%
- FY2022 revenue growth
- -14.3%
- FY2023 revenue growth
- +19.3%
- FY2024 revenue growth
- -1.4%
- FY2025 revenue growth
- -18.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $214.4M | +44.3% |
| Q4 2025 | $161.0M | +142.9% |
| Q3 2025 | $149.0M | -29.0% |
| Q2 2025 | $144.1M | -38.3% |
| Q1 2025 | $148.6M | -9.6% |
| Q4 2024 | $66.3M | -70.8% |
| Q3 2024 | $209.9M | -12.3% |
| Q2 2024 | $233.6M | -19.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
BW's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
BW Revenue Analysis (2013–2025)
Current Revenue & Growth
As of June 23, 2026, Babcock & Wilcox Enterprises, Inc. (BW) generated trailing twelve-month (TTM) revenue of $668.5 million, reflecting explosive growth of +44.3% year-over-year. The most recent quarter (Q1 2026) recorded $214.4 million in revenue, up 33.2% sequentially.
Historical Growth Trajectory
BW's 5-year compound annual growth rate (CAGR) stands at +0.7%, indicating moderate growth over time. The 3-year CAGR of -1.2% is below the 5-year average, signalling a growth deceleration in recent years. Babcock & Wilcox Enterprises, Inc.'s highest annual revenue of $1.77 billion was recorded in 2013.
Revenue by Segment
BW's revenue is primarily driven by B&W Thermal Segment (69%), B&W Renewable Segment (15%), and B&W Environmental Segment (15%). With over half of revenue concentrated in B&W Thermal Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including AMSC (+34.3% YoY), CECO (+33.5% YoY), and PESI (-0.9% YoY) — BW has outperformed the peer group in revenue growth. Compare BW vs AMSC →
BW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BWCurrent | $668M | +44.3% | +0.7% | 3.9% | |
 AMSC | $299M | +34.3% | +28.0% | 5.6% | |
 CECO | $774M | +33.5% | +19.6% | 6.7% | |
 PESI | $62M | -0.9% | -10.2% | -19.0% | |
 GE | $45.9B | +21.9% | -9.6% | 19.1% | |
 SWK | $15.1B | -0.1% | +3.0% | 7.6% |
BW Historical Revenue Data (2013–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $587.7M | -18.1% | $143.9M | 24.5% | $22.9M | 3.9% |
| 2024 | $717.3M | -1.4% | $177.0M | 24.7% | $25.1M | 3.5% |
| 2023 | $727.3M | +19.3% | $176.7M | 24.3% | $16.6M | 2.3% |
| 2022 | $609.4M | -14.3% | $145.1M | 23.8% | $-1,154,000 | -0.2% |
| 2021 | $710.9M | +25.5% | $175.0M | 24.6% | $19.4M | 2.7% |
| 2020 | $566.3M | -34.1% | $165.9M | 29.3% | $-1,737,000 | -0.3% |
| 2019 | $859.1M | -19.1% | $160.3M | 18.7% | $-29,382,000 | -3.4% |
| 2018 | $1.06B | -31.8% | $-129,644,000 | -12.2% | $-426,600,000 | -40.2% |
| 2017 | $1.56B | -1.3% | $99.9M | 6.4% | $-281,565,000 | -18.1% |
| 2016 | $1.58B | -10.2% | $179.2M | 11.4% | $-102,800,000 | -6.5% |
| 2015 | $1.76B | +10.5% | $308.2M | 17.5% | $21.9M | 1.2% |
| 2014 | $1.59B | -10.1% | $225.4M | 14.2% | $-57,515,000 | -3.6% |
| 2013 | $1.77B | - | $436.5M | 24.7% | $210.2M | 11.9% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
13+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
BW — Frequently Asked Questions
Quick answers to the most common questions about buying BW stock.
Is BW's revenue growth accelerating or slowing?
BW revenue growth is accelerating. TTM revenue reached $668M, up +44.3% year-over-year — ahead of the 5-year CAGR of +0.7%. This indicates the business is expanding faster than its historical baseline.
What is BW's revenue history from 2013 to 2026?
Babcock & Wilcox Enterprises, Inc. (BW) revenue history spans 2013 to 2026. TTM revenue as of 2026 is $668M, growing at +44.3% YoY. The 5-year CAGR is +0.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is BW's long-term revenue growth rate (CAGR)?
Babcock & Wilcox Enterprises, Inc.'s 5-year revenue CAGR of +0.7% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +44.3% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for BW.
Why does BW's quarterly revenue fluctuate?
BW quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Babcock & Wilcox Enterprises, Inc.'s revenue data from 2013 to 2026 shows full historical quarterly detail on this page.
How is BW's revenue distributed by segment?
BW reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does BW's revenue compare to industry peers?
Babcock & Wilcox Enterprises, Inc. (BW) with TTM revenue of $668M and +44.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.