Filing Flows › Babcock & Wilcox Enterprises (BW) › Q4 2025
Babcock & Wilcox Enterprises (BW) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 16, 2026
Babcock & Wilcox Enterprises (BW) reported revenue of $139M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -7% from the quarter before. Operating margin was 4.2%, net earnings $9.2M (6.7% of revenue).
Babcock & Wilcox Enterprises, Q4 2025: revenue $139M (+2% year over year), operating margin 4.2%, net earnings $9.2M, operating cash flow −$3.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $139M | -7% | +2% |
| Operating profit | $5.9M | -10% | — |
| Net earnings | $9.2M | -74% | — |
| Operating cash flow | −$3.0M | — | — |
What changed
Revenue was $138.8M in Q4 2025, up 2% year over year and down 7% from the previous quarter.
Operating profit was $5.9M, a 4.2% margin (up 7.5 points year over year). Total costs fell 5% while revenue rose 2%. Net earnings were $9.2M. The effective tax rate was 13.2%. Non-operating items added $4.8M, 45% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.0M. Non-cash charges added back $2.4M of depreciation and amortization. Working capital and other items used $14.6M. Capital expenditures of $4.2M exceeded it, leaving free cash flow of −$7.2M.
Questions
What was Babcock & Wilcox Enterprises' revenue in the fourth quarter 2025?
Babcock & Wilcox Enterprises (BW) reported revenue of $139M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -7% from the quarter before.
Was Babcock & Wilcox Enterprises profitable in the fourth quarter 2025?
Operating profit was $5.9M (4.2% of revenue) and net earnings $9.2M.