Broadwind, Inc. (BWEN) 10-Year Financial Performance & Capital Metrics

BWEN • • Industrial / General

IndustrialsIndustrial MachineryPower Generation & Energy EquipmentPower Generation Systems

AboutBroadwind, Inc. manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets. It offers steel towers and adapters primarily to wind turbine manufacturers. The Gearing segment provides gearing, and gearboxes and systems for onshore and offshore oil and gas fracking and drilling, surface and underground mining, wind energy, steel, material handling, and other infrastructure markets. This segment also offers heat treat services for aftermarket and original equipment manufacturer applications. The Industrial Solutions segment provides supply chain solutions for offering instrumentation and controls, valve assemblies, sensor devices, fuel system components, electrical junction boxes and wiring, energy storage services, and electromechanical devices; light fabrication, inventory management, and kitting and assembly services; packaging solutions; and fabricating services for panels and sub-assemblies to combined cycle natural gas turbine market. The company sells its products to the energy, mining, and infrastructure sector customers through its direct sales force and independent sales agents. The company was formerly known as Broadwind Energy, Inc. and changed its name to Broadwind, Inc. in May 2020. Broadwind, Inc. is headquartered in Cicero, Illinois.Show more

Revenue $143M -29.7%
EBITDA $11M -37.7%
Net Income $1M -84.9%
EPS (Diluted) 0.05 -85.4%
Gross Margin 14.8% -7.3%
EBITDA Margin 7.62% -11.5%
Operating Margin 2.95% -46.1%
Net Margin 0.8% -78.6%
ROE 2% -86.7%
ROIC 3.57% -66.5%
Debt/Equity 0.60 -5.4%
Interest Coverage 1.37 -60.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 95 (top 5%)
✓High quality earnings: Operating CF exceeds net income
✓Trading at only 1.3x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Thin 5Y average net margin of 0.1%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.09%

5Y-4.29%

3Y-0.57%

TTM-1.47%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-26.04%

TTM65.44%

EPS CAGR

10Y-

5Y-

3Y-29.57%

TTM51.56%

ROCE

10Y Avg-7.44%

5Y Avg-1.19%

3Y Avg3.52%

Latest5.08%

Peer Comparison

Power Generation Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BWENBroadwind, Inc.	80.04M	3.45	65.84	-29.65%	3.37%	7.76%	12.73%	0.60
RRXRegal Rexnord Corporation	10.5B	158.16	53.80	-3.47%	4.38%	3.8%	4.76%	0.89
ETNEaton Corporation plc	129.52B	333.46	35.10	7.25%	14.74%	20.75%	2.72%	0.53
GNRCGenerac Holdings Inc.	9.47B	161.43	29.95	6.79%	7.19%	11.83%	6.38%	0.59
THRThermon Group Holdings, Inc.	1.36B	41.35	26.34	0.72%	11.6%	11.46%	3.89%	0.31
PSIXPower Solutions International, Inc.	1.74B	75.47	25.07	3.7%	17.94%	74.6%	3.33%	2.24
CMICummins Inc.	79.35B	574.84	20.26	0.11%	7.95%	20.37%	0.35%	0.67
CYDChina Yuchai International Limited	1.62B	43.11	5.25	6.02%	1.69%	2.63%	14.48%	0.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	199.16M	180.84M	146.78M	125.38M	178.22M	198.5M	145.62M	176.76M	203.48M	143.14M
Revenue Growth %	-0.17%	-0.09%	-0.19%	-0.15%	0.42%	0.11%	-0.27%	0.21%	0.15%	-0.3%
Cost of Goods Sold+	191.29M	162.7M	138.63M	122.31M	162.81M	180.5M	140.11M	166.05M	170.97M	121.95M
COGS % of Revenue	0.96%	0.9%	0.94%	0.98%	0.91%	0.91%	0.96%	0.94%	0.84%	0.85%
Gross Profit+	7.87M	18.14M	8.16M	3.06M	15.41M	18M	5.51M	10.71M	32.51M	21.19M
Gross Margin %	0.04%	0.1%	0.06%	0.02%	0.09%	0.09%	0.04%	0.06%	0.16%	0.15%
Gross Profit Growth %	-0.55%	1.31%	-0.55%	-0.62%	4.03%	0.17%	-0.69%	0.94%	2.04%	-0.35%
Operating Expenses+	18.71M	16.23M	15.59M	15.51M	17.77M	17.58M	18.11M	17.32M	21.37M	16.96M
OpEx % of Revenue	0.09%	0.09%	0.11%	0.12%	0.1%	0.09%	0.12%	0.1%	0.11%	0.12%
Selling, General & Admin	18.27M	15.79M	13.83M	13.63M	16.09M	0	17.37M	16.59M	20.7M	16.3M
SG&A % of Revenue	0.09%	0.09%	0.09%	0.11%	0.09%	-	0.12%	0.09%	0.1%	0.11%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	425K	49K	3K	2.35M	1.68M	17.58M	733K	725K	664K	661K
Operating Income+	-11.91M	1.91M	-7.43M	-25.07M	-2.36M	422K	-12.59M	-6.61M	11.14M	4.22M
Operating Margin %	-0.06%	0.01%	-0.05%	-0.2%	-0.01%	0%	-0.09%	-0.04%	0.05%	0.03%
Operating Income Growth %	-1.01%	1.16%	-4.89%	-2.37%	0.91%	1.18%	-30.84%	0.48%	2.69%	-0.62%
EBITDA+	-2.73M	8.82M	1.57M	-15.88M	5.14M	6.7M	-6.26M	-547K	17.52M	10.91M
EBITDA Margin %	-0.01%	0.05%	0.01%	-0.13%	0.03%	0.03%	-0.04%	-0%	0.09%	0.08%
EBITDA Growth %	-1.44%	4.23%	-0.82%	-11.14%	1.32%	0.3%	-1.93%	0.91%	33.03%	-0.38%
D&A (Non-Cash Add-back)	9.18M	6.91M	9M	9.18M	7.5M	6.28M	6.34M	6.06M	6.38M	6.68M
EBIT	-11.48M	1.96M	-7.43M	-22.71M	-2.24M	422K	4M	-6.48M	11.09M	4.3M
Net Interest Income+	-799K	-625K	-798K	-1.5M	-2.31M	-1.98M	-1.13M	-3.22M	-3.2M	-3.08M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	799K	625K	798K	1.5M	2.31M	1.98M	1.13M	3.22M	3.2M	3.08M
Other Income/Expense	-374K	-576K	-795K	859K	-2.19M	-1.86M	15.47M	-3.09M	-3.25M	-3M
Pretax Income+	-12.28M	1.33M	-8.23M	-24.21M	-4.55M	-1.44M	2.87M	-9.7M	7.89M	1.23M
Pretax Margin %	-0.06%	0.01%	-0.06%	-0.19%	-0.03%	-0.01%	0.02%	-0.05%	0.04%	0.01%
Income Tax+	-36K	-2K	-5.04M	-205K	38K	48K	25K	35K	241K	74K
Effective Tax Rate %	1.78%	0.24%	0.44%	1%	0.99%	1.03%	0.99%	1%	0.97%	0.94%
Net Income+	-21.81M	319K	-3.64M	-24.15M	-4.52M	-1.49M	2.85M	-9.73M	7.65M	1.15M
Net Margin %	-0.11%	0%	-0.02%	-0.19%	-0.03%	-0.01%	0.02%	-0.06%	0.04%	0.01%
Net Income Growth %	-2.54%	1.01%	-12.41%	-5.63%	0.81%	0.67%	2.91%	-4.42%	1.79%	-0.85%
Net Income (Continuing)	-12.25M	1.33M	-3.18M	-24M	-4.59M	-1.49M	2.85M	-9.73M	7.65M	1.15M
Discontinued Operations	-7.46M	0	0	0	63K	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.49	0.02	-0.24	-1.56	-0.28	-0.09	0.15	-0.48	0.36	0.05
EPS Growth %	-2.55%	1.01%	-13%	-5.5%	0.82%	0.68%	2.69%	-4.2%	1.75%	-0.85%
EPS (Basic)	-1.49	0.02	-0.24	-1.56	-0.28	-0.09	0.15	-0.48	0.36	0.05
Diluted Shares Outstanding	14.68M	15.08M	15.05M	15.47M	16.13M	16.75M	19.39M	20.3M	21.49M	21.98M
Basic Shares Outstanding	14.68M	14.84M	15.05M	15.47M	16.13M	16.75M	18.73M	20.3M	21.19M	21.9M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	52.63M	58.19M	35.38M	43.08M	54.71M	50.59M	52.33M	79.26M	69.75M	66.87M
Cash & Short-Term Investments	12.62M	21.87M	78K	1.18M	2.42M	3.37M	852K	12.73M	1.1M	7.72M
Cash Only	6.44M	18.7M	78K	1.18M	2.42M	3.37M	852K	12.73M	1.1M	7.72M
Short-Term Investments	6.18M	3.17M	0	0	0	0	0	0	0	0
Accounts Receivable	9.78M	11.87M	13.64M	17.45M	18.31M	17.59M	15.44M	18.97M	27.74M	13.45M
Days Sales Outstanding	17.93	23.95	33.93	50.81	37.5	32.34	38.69	39.18	49.76	34.31
Inventory	24.22M	21.16M	19.28M	22.67M	31.86M	26.72M	33.38M	44.26M	37.41M	39.95M
Days Inventory Outstanding	46.21	47.47	50.76	67.65	71.43	54.04	86.95	97.29	79.86	119.57
Other Current Assets	4.49M	847K	580K	1.78M	0	0	0	3.29M	3.5M	5.74M
Total Non-Current Assets+	57.27M	59.47M	76.97M	56.09M	68.15M	69.09M	65.72M	65.28M	65.41M	61.42M
Property, Plant & Equipment	51.91M	54.61M	55.69M	49.09M	62.92M	64.52M	61.68M	61.72M	62.72M	59.41M
Fixed Asset Turnover	3.84x	3.31x	2.64x	2.55x	2.83x	3.08x	2.36x	2.86x	3.24x	2.41x
Goodwill	0	0	4.99M	0	0	0	0	0	0	0
Intangible Assets	5.02M	4.57M	16.08M	6.6M	4.92M	4.19M	3.45M	2.73M	2.06M	1.4M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	351K	294K	207K	398K	314K	385K	585K	839K	630K	606K
Total Assets+	109.91M	117.66M	112.35M	99.17M	122.87M	119.68M	118.05M	144.54M	135.16M	128.29M
Asset Turnover	1.81x	1.54x	1.31x	1.26x	1.45x	1.66x	1.23x	1.22x	1.51x	1.12x
Asset Growth %	-0.25%	0.07%	-0.05%	-0.12%	0.24%	-0.03%	-0.01%	0.22%	-0.06%	-0.05%
Total Current Liabilities+	36.76M	43.25M	40.98M	51.85M	64.29M	47.97M	42.68M	70.18M	53.61M	43.56M
Accounts Payable	13.82M	15.85M	11.76M	11.62M	21.88M	18.18M	16.46M	26.25M	20.73M	16.08M
Days Payables Outstanding	26.37	35.56	30.95	34.67	49.04	36.76	42.89	57.71	44.25	48.13
Short-Term Debt	3.25M	465K	15.01M	12.9M	12.92M	1.41M	6.65M	1.17M	5.9M	5.83M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	5.63M	3.81M	1.86M	674K	980K	909K	661K	1.16M	12K	-3.89M
Current Ratio	1.43x	1.35x	0.86x	0.83x	0.85x	1.05x	1.23x	1.13x	1.30x	1.54x
Quick Ratio	0.77x	0.86x	0.39x	0.39x	0.36x	0.50x	0.44x	0.50x	0.60x	0.62x
Cash Conversion Cycle	37.77	35.85	53.74	83.79	59.89	49.62	82.75	78.76	85.37	105.75
Total Non-Current Liabilities+	5.66M	5.83M	5.29M	3.95M	17.81M	31.05M	21.23M	28.09M	25.52M	25.33M
Long-Term Debt	2.6M	2.6M	797K	1.41M	505K	9.38M	177K	7.14M	6.25M	7.74M
Capital Lease Obligations	0	1.04M	941K	571K	17.26M	21.57M	20.89M	20.92M	19.26M	17.58M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	3.06M	2.19M	3.56M	1.97M	44K	104K	167K	26K	15K	15K
Total Liabilities	42.41M	49.08M	46.28M	55.8M	82.11M	79.02M	63.91M	98.27M	79.14M	68.89M
Total Debt+	5.85M	4.1M	17.51M	14.88M	32.56M	35.61M	31.55M	33.12M	35.42M	35.53M
Net Debt	-590K	-14.6M	17.44M	13.7M	30.14M	32.24M	30.7M	20.39M	34.32M	27.81M
Debt / Equity	0.09x	0.06x	0.27x	0.34x	0.80x	0.88x	0.58x	0.72x	0.63x	0.60x
Debt / EBITDA	-	0.47x	11.18x	-	6.33x	5.31x	-	-	2.02x	3.26x
Net Debt / EBITDA	-	-1.65x	11.13x	-	5.86x	4.81x	-	-	1.96x	2.55x
Interest Coverage	-14.90x	3.05x	-9.31x	-16.76x	-1.02x	0.21x	-11.16x	-2.05x	3.48x	1.37x
Total Equity+	67.49M	68.58M	66.07M	43.36M	40.76M	40.66M	54.13M	46.27M	56.02M	59.4M
Equity Growth %	-0.24%	0.02%	-0.04%	-0.34%	-0.06%	-0%	0.33%	-0.15%	0.21%	0.06%
Book Value per Share	4.60	4.55	4.39	2.80	2.53	2.43	2.79	2.28	2.61	2.70
Total Shareholders' Equity	67.49M	68.58M	66.07M	43.36M	40.76M	40.66M	54.13M	46.27M	56.02M	59.4M
Common Stock	15K	15K	15K	16K	17K	17K	20K	21K	22K	23K
Retained Earnings	-308.79M	-308.47M	-312.11M	-336.25M	-340.78M	-342.26M	-339.42M	-349.15M	-341.5M	-340.35M
Treasury Stock	-1.84M	-1.84M	-1.84M	-1.84M	-1.84M	-1.84M	-1.84M	-1.84M	-1.84M	-1.84M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-5.51M	17.3M	-9.35M	2.04M	4.52M	5.33M	-12.83M	16.64M	-6.95M	13.81M
Operating CF Margin %	-0.03%	0.1%	-0.06%	0.02%	0.03%	0.03%	-0.09%	0.09%	-0.03%	0.1%
Operating CF Growth %	-3.2%	4.14%	-1.54%	1.22%	1.21%	0.18%	-3.41%	2.3%	-1.42%	2.99%
Net Income	-12.25M	1.33M	-3.18M	-24M	-4.59M	-1.49M	2.85M	-9.73M	7.65M	1.15M
Depreciation & Amortization	9.18M	6.91M	9M	9.18M	7.5M	6.28M	6.34M	6.06M	6.38M	6.68M
Stock-Based Compensation	919K	753K	1.13M	803K	1.96M	1.29M	2.73M	0	2.21M	2.36M
Deferred Taxes	-982K	-909K	-5.04M	-307K	-30K	-4K	-2K	-13K	-10K	0
Other Non-Cash Items	1.1M	753K	-1.29M	9.73M	-66K	513K	-9.59M	2.13M	124K	-119K
Working Capital Changes	-3.48M	8.45M	-9.96M	6.64M	-250K	-1.27M	-15.15M	18.19M	-23.3M	3.73M
Change in Receivables	7.22M	-2.14M	884K	-3.78M	-792K	374K	2.58M	-3.51M	-8.85M	10.92M
Change in Inventory	6.92M	3.06M	7.06M	-2.94M	-9.19M	5.14M	-6.65M	-10.88M	6.86M	-2.54M
Change in Payables	-3.63M	989K	-5.29M	801K	9.77M	-3.32M	-1.74M	9.93M	-6.01M	-4.39M
Cash from Investing+	212K	-3.16M	-19.89M	-1.65M	-1.84M	-1.55M	-1.67M	-3.1M	-6.38M	-3.46M
Capital Expenditures	-2.79M	-6.62M	-6.69M	-2.32M	-1.84M	-1.55M	-1.71M	-3.1M	-6.41M	-3.62M
CapEx % of Revenue	0.01%	0.04%	0.05%	0.02%	0.01%	0.01%	0.01%	0.02%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	4.02M	1.07M	72K	676K	0	0	33K	0	21K	159K
Cash from Financing+	2.05M	-3.32M	10.66M	807K	-1.44M	-2.83M	11.98M	-1.67M	1.7M	-3.73M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	19K	0	0	0	0	0	-549K	-783K	-150K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-8.3M	10.68M	-16.04M	-279K	2.68M	3.78M	-14.53M	13.54M	-13.35M	10.19M
FCF Margin %	-0.04%	0.06%	-0.11%	-0%	0.02%	0.02%	-0.1%	0.08%	-0.07%	0.07%
FCF Growth %	-1.07%	2.29%	-2.5%	0.98%	10.59%	0.41%	-4.84%	1.93%	-1.99%	1.76%
FCF per Share	-0.57	0.71	-1.07	-0.02	0.17	0.23	-0.75	0.67	-0.62	0.46
FCF Conversion (FCF/Net Income)	0.25x	54.23x	2.57x	-0.08x	-1.00x	-3.58x	-4.51x	-1.71x	-0.91x	11.98x
Interest Paid	652K	494K	585K	1.17M	1.62M	1.45M	741K	0	2.07M	1.55M
Taxes Paid	48K	23K	44K	116K	49K	81K	102K	0	17K	192K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-27.98%	0.47%	-5.41%	-44.13%	-10.75%	-3.65%	6.01%	-19.38%	14.96%	2%
Return on Invested Capital (ROIC)	-12.13%	2.37%	-8.11%	-26.75%	-2.76%	0.44%	-11.98%	-6.54%	10.64%	3.57%
Gross Margin	3.95%	10.03%	5.56%	2.44%	8.65%	9.07%	3.78%	6.06%	15.98%	14.8%
Net Margin	-10.95%	0.18%	-2.48%	-19.26%	-2.54%	-0.75%	1.96%	-5.5%	3.76%	0.8%
Debt / Equity	0.09x	0.06x	0.27x	0.34x	0.80x	0.88x	0.58x	0.72x	0.63x	0.60x
Interest Coverage	-14.90x	3.05x	-9.31x	-16.76x	-1.02x	0.21x	-11.16x	-2.05x	3.48x	1.37x
FCF Conversion	0.25x	54.23x	2.57x	-0.08x	-1.00x	-3.58x	-4.51x	-1.71x	-0.91x	11.98x
Revenue Growth	-17.45%	-9.2%	-18.83%	-14.58%	42.14%	11.38%	-26.64%	21.38%	15.12%	-29.65%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Heavy Fabrications	-	-	-	-	-	155.1M	101.99M	117.19M	133.37M	82.66M
Heavy Fabrications Growth	-	-	-	-	-	-	-34.24%	14.91%	13.80%	-38.02%
Gearing	972K	-	26.01M	38.38M	34.88M	25.1M	28.58M	42.57M	45.41M	35.59M
Gearing Growth	-	-	-	47.57%	-9.12%	-28.02%	13.86%	48.94%	6.66%	-21.63%
Industrial Solutions	-	-	-	-	-	18.3M	15.05M	16.99M	25.16M	26.06M
Industrial Solutions Growth	-	-	-	-	-	-	-17.76%	12.93%	48.06%	3.57%
Corporate	-	-	-	-	-	-	-	-	-	-
Corporate Growth	-	-	-	-	-	-	-	-	-	-
Towers	379K	160.21M	103.39M	42K	128.69M	-	-	-	-	-
Towers Growth	-	42171.77%	-35.47%	-99.96%	306295.24%	-	-	-	-	-
Process Systems	-	-	17.39M	88K	7K	-	-	-	-	-
Process Systems Growth	-	-	-	-99.49%	-92.05%	-	-	-	-	-
Towers And Weldments	-	23.02M	-	-	-	-	-	-	-	-
Towers And Weldments Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Broadwind, Inc. (BWEN) has a price-to-earnings (P/E) ratio of 65.8x. This suggests investors expect higher future growth.

Growth & Financials

Broadwind, Inc. (BWEN) reported $153.9M in revenue for fiscal year 2024. This represents a 17% decrease from $185.9M in 2011.

Broadwind, Inc. (BWEN) saw revenue decline by 29.7% over the past year.

Yes, Broadwind, Inc. (BWEN) is profitable, generating $5.2M in net income for fiscal year 2024 (0.8% net margin).

Dividend & Returns

Broadwind, Inc. (BWEN) has a return on equity (ROE) of 2.0%. This is below average, suggesting room for improvement.

Broadwind, Inc. (BWEN) had negative free cash flow of $4.4M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Broadwind, Inc. (BWEN) 10-Year Financial Performance & Capital Metrics

BWEN • • Industrial / General

IndustrialsIndustrial MachineryPower Generation & Energy EquipmentPower Generation Systems

Revenue $143M -29.7%
EBITDA $11M -37.7%
Net Income $1M -84.9%
EPS (Diluted) 0.05 -85.4%
Gross Margin 14.8% -7.3%
EBITDA Margin 7.62% -11.5%
Operating Margin 2.95% -46.1%
Net Margin 0.8% -78.6%
ROE 2% -86.7%
ROIC 3.57% -66.5%
Debt/Equity 0.60 -5.4%
Interest Coverage 1.37 -60.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 95 (top 5%)
✓High quality earnings: Operating CF exceeds net income
✓Trading at only 1.3x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Thin 5Y average net margin of 0.1%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-5.09%

5Y-4.29%

3Y-0.57%

TTM-1.47%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-26.04%

TTM65.44%

EPS CAGR

10Y-

5Y-

3Y-29.57%

TTM51.56%

ROCE

10Y Avg-7.44%

5Y Avg-1.19%

3Y Avg3.52%

Latest5.08%

Peer Comparison

Power Generation Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BWENBroadwind, Inc.	80.04M	3.45	65.84	-29.65%	3.37%	7.76%	12.73%	0.60
RRXRegal Rexnord Corporation	10.5B	158.16	53.80	-3.47%	4.38%	3.8%	4.76%	0.89
ETNEaton Corporation plc	129.52B	333.46	35.10	7.25%	14.74%	20.75%	2.72%	0.53
GNRCGenerac Holdings Inc.	9.47B	161.43	29.95	6.79%	7.19%	11.83%	6.38%	0.59
THRThermon Group Holdings, Inc.	1.36B	41.35	26.34	0.72%	11.6%	11.46%	3.89%	0.31
PSIXPower Solutions International, Inc.	1.74B	75.47	25.07	3.7%	17.94%	74.6%	3.33%	2.24
CMICummins Inc.	79.35B	574.84	20.26	0.11%	7.95%	20.37%	0.35%	0.67
CYDChina Yuchai International Limited	1.62B	43.11	5.25	6.02%	1.69%	2.63%	14.48%	0.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	199.16M	180.84M	146.78M	125.38M	178.22M	198.5M	145.62M	176.76M	203.48M	143.14M
Revenue Growth %	-0.17%	-0.09%	-0.19%	-0.15%	0.42%	0.11%	-0.27%	0.21%	0.15%	-0.3%
Cost of Goods Sold+	191.29M	162.7M	138.63M	122.31M	162.81M	180.5M	140.11M	166.05M	170.97M	121.95M
COGS % of Revenue	0.96%	0.9%	0.94%	0.98%	0.91%	0.91%	0.96%	0.94%	0.84%	0.85%
Gross Profit+	7.87M	18.14M	8.16M	3.06M	15.41M	18M	5.51M	10.71M	32.51M	21.19M
Gross Margin %	0.04%	0.1%	0.06%	0.02%	0.09%	0.09%	0.04%	0.06%	0.16%	0.15%
Gross Profit Growth %	-0.55%	1.31%	-0.55%	-0.62%	4.03%	0.17%	-0.69%	0.94%	2.04%	-0.35%
Operating Expenses+	18.71M	16.23M	15.59M	15.51M	17.77M	17.58M	18.11M	17.32M	21.37M	16.96M
OpEx % of Revenue	0.09%	0.09%	0.11%	0.12%	0.1%	0.09%	0.12%	0.1%	0.11%	0.12%
Selling, General & Admin	18.27M	15.79M	13.83M	13.63M	16.09M	0	17.37M	16.59M	20.7M	16.3M
SG&A % of Revenue	0.09%	0.09%	0.09%	0.11%	0.09%	-	0.12%	0.09%	0.1%	0.11%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	425K	49K	3K	2.35M	1.68M	17.58M	733K	725K	664K	661K
Operating Income+	-11.91M	1.91M	-7.43M	-25.07M	-2.36M	422K	-12.59M	-6.61M	11.14M	4.22M
Operating Margin %	-0.06%	0.01%	-0.05%	-0.2%	-0.01%	0%	-0.09%	-0.04%	0.05%	0.03%
Operating Income Growth %	-1.01%	1.16%	-4.89%	-2.37%	0.91%	1.18%	-30.84%	0.48%	2.69%	-0.62%
EBITDA+	-2.73M	8.82M	1.57M	-15.88M	5.14M	6.7M	-6.26M	-547K	17.52M	10.91M
EBITDA Margin %	-0.01%	0.05%	0.01%	-0.13%	0.03%	0.03%	-0.04%	-0%	0.09%	0.08%
EBITDA Growth %	-1.44%	4.23%	-0.82%	-11.14%	1.32%	0.3%	-1.93%	0.91%	33.03%	-0.38%
D&A (Non-Cash Add-back)	9.18M	6.91M	9M	9.18M	7.5M	6.28M	6.34M	6.06M	6.38M	6.68M
EBIT	-11.48M	1.96M	-7.43M	-22.71M	-2.24M	422K	4M	-6.48M	11.09M	4.3M
Net Interest Income+	-799K	-625K	-798K	-1.5M	-2.31M	-1.98M	-1.13M	-3.22M	-3.2M	-3.08M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	799K	625K	798K	1.5M	2.31M	1.98M	1.13M	3.22M	3.2M	3.08M
Other Income/Expense	-374K	-576K	-795K	859K	-2.19M	-1.86M	15.47M	-3.09M	-3.25M	-3M
Pretax Income+	-12.28M	1.33M	-8.23M	-24.21M	-4.55M	-1.44M	2.87M	-9.7M	7.89M	1.23M
Pretax Margin %	-0.06%	0.01%	-0.06%	-0.19%	-0.03%	-0.01%	0.02%	-0.05%	0.04%	0.01%
Income Tax+	-36K	-2K	-5.04M	-205K	38K	48K	25K	35K	241K	74K
Effective Tax Rate %	1.78%	0.24%	0.44%	1%	0.99%	1.03%	0.99%	1%	0.97%	0.94%
Net Income+	-21.81M	319K	-3.64M	-24.15M	-4.52M	-1.49M	2.85M	-9.73M	7.65M	1.15M
Net Margin %	-0.11%	0%	-0.02%	-0.19%	-0.03%	-0.01%	0.02%	-0.06%	0.04%	0.01%
Net Income Growth %	-2.54%	1.01%	-12.41%	-5.63%	0.81%	0.67%	2.91%	-4.42%	1.79%	-0.85%
Net Income (Continuing)	-12.25M	1.33M	-3.18M	-24M	-4.59M	-1.49M	2.85M	-9.73M	7.65M	1.15M
Discontinued Operations	-7.46M	0	0	0	63K	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.49	0.02	-0.24	-1.56	-0.28	-0.09	0.15	-0.48	0.36	0.05
EPS Growth %	-2.55%	1.01%	-13%	-5.5%	0.82%	0.68%	2.69%	-4.2%	1.75%	-0.85%
EPS (Basic)	-1.49	0.02	-0.24	-1.56	-0.28	-0.09	0.15	-0.48	0.36	0.05
Diluted Shares Outstanding	14.68M	15.08M	15.05M	15.47M	16.13M	16.75M	19.39M	20.3M	21.49M	21.98M
Basic Shares Outstanding	14.68M	14.84M	15.05M	15.47M	16.13M	16.75M	18.73M	20.3M	21.19M	21.9M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	52.63M	58.19M	35.38M	43.08M	54.71M	50.59M	52.33M	79.26M	69.75M	66.87M
Cash & Short-Term Investments	12.62M	21.87M	78K	1.18M	2.42M	3.37M	852K	12.73M	1.1M	7.72M
Cash Only	6.44M	18.7M	78K	1.18M	2.42M	3.37M	852K	12.73M	1.1M	7.72M
Short-Term Investments	6.18M	3.17M	0	0	0	0	0	0	0	0
Accounts Receivable	9.78M	11.87M	13.64M	17.45M	18.31M	17.59M	15.44M	18.97M	27.74M	13.45M
Days Sales Outstanding	17.93	23.95	33.93	50.81	37.5	32.34	38.69	39.18	49.76	34.31
Inventory	24.22M	21.16M	19.28M	22.67M	31.86M	26.72M	33.38M	44.26M	37.41M	39.95M
Days Inventory Outstanding	46.21	47.47	50.76	67.65	71.43	54.04	86.95	97.29	79.86	119.57
Other Current Assets	4.49M	847K	580K	1.78M	0	0	0	3.29M	3.5M	5.74M
Total Non-Current Assets+	57.27M	59.47M	76.97M	56.09M	68.15M	69.09M	65.72M	65.28M	65.41M	61.42M
Property, Plant & Equipment	51.91M	54.61M	55.69M	49.09M	62.92M	64.52M	61.68M	61.72M	62.72M	59.41M
Fixed Asset Turnover	3.84x	3.31x	2.64x	2.55x	2.83x	3.08x	2.36x	2.86x	3.24x	2.41x
Goodwill	0	0	4.99M	0	0	0	0	0	0	0
Intangible Assets	5.02M	4.57M	16.08M	6.6M	4.92M	4.19M	3.45M	2.73M	2.06M	1.4M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	351K	294K	207K	398K	314K	385K	585K	839K	630K	606K
Total Assets+	109.91M	117.66M	112.35M	99.17M	122.87M	119.68M	118.05M	144.54M	135.16M	128.29M
Asset Turnover	1.81x	1.54x	1.31x	1.26x	1.45x	1.66x	1.23x	1.22x	1.51x	1.12x
Asset Growth %	-0.25%	0.07%	-0.05%	-0.12%	0.24%	-0.03%	-0.01%	0.22%	-0.06%	-0.05%
Total Current Liabilities+	36.76M	43.25M	40.98M	51.85M	64.29M	47.97M	42.68M	70.18M	53.61M	43.56M
Accounts Payable	13.82M	15.85M	11.76M	11.62M	21.88M	18.18M	16.46M	26.25M	20.73M	16.08M
Days Payables Outstanding	26.37	35.56	30.95	34.67	49.04	36.76	42.89	57.71	44.25	48.13
Short-Term Debt	3.25M	465K	15.01M	12.9M	12.92M	1.41M	6.65M	1.17M	5.9M	5.83M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	5.63M	3.81M	1.86M	674K	980K	909K	661K	1.16M	12K	-3.89M
Current Ratio	1.43x	1.35x	0.86x	0.83x	0.85x	1.05x	1.23x	1.13x	1.30x	1.54x
Quick Ratio	0.77x	0.86x	0.39x	0.39x	0.36x	0.50x	0.44x	0.50x	0.60x	0.62x
Cash Conversion Cycle	37.77	35.85	53.74	83.79	59.89	49.62	82.75	78.76	85.37	105.75
Total Non-Current Liabilities+	5.66M	5.83M	5.29M	3.95M	17.81M	31.05M	21.23M	28.09M	25.52M	25.33M
Long-Term Debt	2.6M	2.6M	797K	1.41M	505K	9.38M	177K	7.14M	6.25M	7.74M
Capital Lease Obligations	0	1.04M	941K	571K	17.26M	21.57M	20.89M	20.92M	19.26M	17.58M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	3.06M	2.19M	3.56M	1.97M	44K	104K	167K	26K	15K	15K
Total Liabilities	42.41M	49.08M	46.28M	55.8M	82.11M	79.02M	63.91M	98.27M	79.14M	68.89M
Total Debt+	5.85M	4.1M	17.51M	14.88M	32.56M	35.61M	31.55M	33.12M	35.42M	35.53M
Net Debt	-590K	-14.6M	17.44M	13.7M	30.14M	32.24M	30.7M	20.39M	34.32M	27.81M
Debt / Equity	0.09x	0.06x	0.27x	0.34x	0.80x	0.88x	0.58x	0.72x	0.63x	0.60x
Debt / EBITDA	-	0.47x	11.18x	-	6.33x	5.31x	-	-	2.02x	3.26x
Net Debt / EBITDA	-	-1.65x	11.13x	-	5.86x	4.81x	-	-	1.96x	2.55x
Interest Coverage	-14.90x	3.05x	-9.31x	-16.76x	-1.02x	0.21x	-11.16x	-2.05x	3.48x	1.37x
Total Equity+	67.49M	68.58M	66.07M	43.36M	40.76M	40.66M	54.13M	46.27M	56.02M	59.4M
Equity Growth %	-0.24%	0.02%	-0.04%	-0.34%	-0.06%	-0%	0.33%	-0.15%	0.21%	0.06%
Book Value per Share	4.60	4.55	4.39	2.80	2.53	2.43	2.79	2.28	2.61	2.70
Total Shareholders' Equity	67.49M	68.58M	66.07M	43.36M	40.76M	40.66M	54.13M	46.27M	56.02M	59.4M
Common Stock	15K	15K	15K	16K	17K	17K	20K	21K	22K	23K
Retained Earnings	-308.79M	-308.47M	-312.11M	-336.25M	-340.78M	-342.26M	-339.42M	-349.15M	-341.5M	-340.35M
Treasury Stock	-1.84M	-1.84M	-1.84M	-1.84M	-1.84M	-1.84M	-1.84M	-1.84M	-1.84M	-1.84M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-5.51M	17.3M	-9.35M	2.04M	4.52M	5.33M	-12.83M	16.64M	-6.95M	13.81M
Operating CF Margin %	-0.03%	0.1%	-0.06%	0.02%	0.03%	0.03%	-0.09%	0.09%	-0.03%	0.1%
Operating CF Growth %	-3.2%	4.14%	-1.54%	1.22%	1.21%	0.18%	-3.41%	2.3%	-1.42%	2.99%
Net Income	-12.25M	1.33M	-3.18M	-24M	-4.59M	-1.49M	2.85M	-9.73M	7.65M	1.15M
Depreciation & Amortization	9.18M	6.91M	9M	9.18M	7.5M	6.28M	6.34M	6.06M	6.38M	6.68M
Stock-Based Compensation	919K	753K	1.13M	803K	1.96M	1.29M	2.73M	0	2.21M	2.36M
Deferred Taxes	-982K	-909K	-5.04M	-307K	-30K	-4K	-2K	-13K	-10K	0
Other Non-Cash Items	1.1M	753K	-1.29M	9.73M	-66K	513K	-9.59M	2.13M	124K	-119K
Working Capital Changes	-3.48M	8.45M	-9.96M	6.64M	-250K	-1.27M	-15.15M	18.19M	-23.3M	3.73M
Change in Receivables	7.22M	-2.14M	884K	-3.78M	-792K	374K	2.58M	-3.51M	-8.85M	10.92M
Change in Inventory	6.92M	3.06M	7.06M	-2.94M	-9.19M	5.14M	-6.65M	-10.88M	6.86M	-2.54M
Change in Payables	-3.63M	989K	-5.29M	801K	9.77M	-3.32M	-1.74M	9.93M	-6.01M	-4.39M
Cash from Investing+	212K	-3.16M	-19.89M	-1.65M	-1.84M	-1.55M	-1.67M	-3.1M	-6.38M	-3.46M
Capital Expenditures	-2.79M	-6.62M	-6.69M	-2.32M	-1.84M	-1.55M	-1.71M	-3.1M	-6.41M	-3.62M
CapEx % of Revenue	0.01%	0.04%	0.05%	0.02%	0.01%	0.01%	0.01%	0.02%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	4.02M	1.07M	72K	676K	0	0	33K	0	21K	159K
Cash from Financing+	2.05M	-3.32M	10.66M	807K	-1.44M	-2.83M	11.98M	-1.67M	1.7M	-3.73M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	19K	0	0	0	0	0	-549K	-783K	-150K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-8.3M	10.68M	-16.04M	-279K	2.68M	3.78M	-14.53M	13.54M	-13.35M	10.19M
FCF Margin %	-0.04%	0.06%	-0.11%	-0%	0.02%	0.02%	-0.1%	0.08%	-0.07%	0.07%
FCF Growth %	-1.07%	2.29%	-2.5%	0.98%	10.59%	0.41%	-4.84%	1.93%	-1.99%	1.76%
FCF per Share	-0.57	0.71	-1.07	-0.02	0.17	0.23	-0.75	0.67	-0.62	0.46
FCF Conversion (FCF/Net Income)	0.25x	54.23x	2.57x	-0.08x	-1.00x	-3.58x	-4.51x	-1.71x	-0.91x	11.98x
Interest Paid	652K	494K	585K	1.17M	1.62M	1.45M	741K	0	2.07M	1.55M
Taxes Paid	48K	23K	44K	116K	49K	81K	102K	0	17K	192K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-27.98%	0.47%	-5.41%	-44.13%	-10.75%	-3.65%	6.01%	-19.38%	14.96%	2%
Return on Invested Capital (ROIC)	-12.13%	2.37%	-8.11%	-26.75%	-2.76%	0.44%	-11.98%	-6.54%	10.64%	3.57%
Gross Margin	3.95%	10.03%	5.56%	2.44%	8.65%	9.07%	3.78%	6.06%	15.98%	14.8%
Net Margin	-10.95%	0.18%	-2.48%	-19.26%	-2.54%	-0.75%	1.96%	-5.5%	3.76%	0.8%
Debt / Equity	0.09x	0.06x	0.27x	0.34x	0.80x	0.88x	0.58x	0.72x	0.63x	0.60x
Interest Coverage	-14.90x	3.05x	-9.31x	-16.76x	-1.02x	0.21x	-11.16x	-2.05x	3.48x	1.37x
FCF Conversion	0.25x	54.23x	2.57x	-0.08x	-1.00x	-3.58x	-4.51x	-1.71x	-0.91x	11.98x
Revenue Growth	-17.45%	-9.2%	-18.83%	-14.58%	42.14%	11.38%	-26.64%	21.38%	15.12%	-29.65%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Heavy Fabrications	-	-	-	-	-	155.1M	101.99M	117.19M	133.37M	82.66M
Heavy Fabrications Growth	-	-	-	-	-	-	-34.24%	14.91%	13.80%	-38.02%
Gearing	972K	-	26.01M	38.38M	34.88M	25.1M	28.58M	42.57M	45.41M	35.59M
Gearing Growth	-	-	-	47.57%	-9.12%	-28.02%	13.86%	48.94%	6.66%	-21.63%
Industrial Solutions	-	-	-	-	-	18.3M	15.05M	16.99M	25.16M	26.06M
Industrial Solutions Growth	-	-	-	-	-	-	-17.76%	12.93%	48.06%	3.57%
Corporate	-	-	-	-	-	-	-	-	-	-
Corporate Growth	-	-	-	-	-	-	-	-	-	-
Towers	379K	160.21M	103.39M	42K	128.69M	-	-	-	-	-
Towers Growth	-	42171.77%	-35.47%	-99.96%	306295.24%	-	-	-	-	-
Process Systems	-	-	17.39M	88K	7K	-	-	-	-	-
Process Systems Growth	-	-	-	-99.49%	-92.05%	-	-	-	-	-
Towers And Weldments	-	23.02M	-	-	-	-	-	-	-	-
Towers And Weldments Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Broadwind, Inc. (BWEN) has a price-to-earnings (P/E) ratio of 65.8x. This suggests investors expect higher future growth.

Growth & Financials

Broadwind, Inc. (BWEN) reported $153.9M in revenue for fiscal year 2024. This represents a 17% decrease from $185.9M in 2011.

Broadwind, Inc. (BWEN) saw revenue decline by 29.7% over the past year.

Yes, Broadwind, Inc. (BWEN) is profitable, generating $5.2M in net income for fiscal year 2024 (0.8% net margin).

Dividend & Returns

Broadwind, Inc. (BWEN) has a return on equity (ROE) of 2.0%. This is below average, suggesting room for improvement.

Broadwind, Inc. (BWEN) had negative free cash flow of $4.4M in fiscal year 2024, likely due to heavy capital investments.