Babcock & Wilcox Enterprises, I (BWNB) Revenue History
Annual and quarterly revenue from 2013 to present
BWNB Revenue Over Time (2013–2025)
BWNB 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 |
|---|---|---|
| Q4 2025 | $161.0M | +142.9% |
| Q3 2025 | $149.0M | -29.0% |
| Q2 2025 | $144.1M | -38.3% |
| Q1 2025 | $181.2M | +10.3% |
| Q4 2024 | $66.3M | -70.8% |
| Q3 2024 | $209.9M | -12.3% |
| Q2 2024 | $233.6M | -19.9% |
| Q1 2024 | $164.3M | -31.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2023)
BWNB's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
By Geography
BWNB Revenue Analysis (2013–2025)
Current Revenue & Growth
As of June 22, 2026, Babcock & Wilcox Enterprises, I (BWNB) generated trailing twelve-month (TTM) revenue of $635.3 million, reflecting explosive growth of +142.9% year-over-year. The most recent quarter (Q4 2025) recorded $161.0 million in revenue, up 8.0% sequentially.
Historical Growth Trajectory
BWNB'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, I's highest annual revenue of $1.77 billion was recorded in 2013.
Revenue by Segment
BWNB's revenue is primarily driven by B&W Thermal Segment (49%), B&W Renewable Segment (31%), and B&W Environmental Segment (20%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Technology sector peers — including AMSC (+34.3% YoY), CECO (+33.5% YoY), and PESI (-0.9% YoY) — BWNB has outperformed the peer group in revenue growth. Compare BWNB vs AMSC →
BWNB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BWNBCurrent | $635M | +142.9% | +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% | |
 EMR | $18.0B | +4.0% | +1.4% | 19.6% |
BWNB 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
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Peer Comparison
Compare growth, multiples, and margins vs sector.
BWNB — Frequently Asked Questions
Quick answers to the most common questions about buying BWNB stock.
Is BWNB's revenue growth accelerating or slowing?
BWNB revenue growth is accelerating. TTM revenue reached $635M, up +142.9% 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 BWNB's revenue history from 2013 to 2026?
Babcock & Wilcox Enterprises, I (BWNB) revenue history spans 2013 to 2026. TTM revenue as of 2026 is $635M, growing at +142.9% 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 BWNB's long-term revenue growth rate (CAGR)?
Babcock & Wilcox Enterprises, I'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 +142.9% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for BWNB.
Why does BWNB's quarterly revenue fluctuate?
BWNB 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, I's revenue data from 2013 to 2026 shows full historical quarterly detail on this page.
How is BWNB's revenue distributed by segment?
BWNB 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 BWNB's revenue compare to industry peers?
Babcock & Wilcox Enterprises, I (BWNB) with TTM revenue of $635M and +142.9% 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.