Babcock & Wilcox Enterprises (BW) revenue breakdown
By segment, B&W Thermal segment is the largest at 69% of fiscal 2024 revenue, growing 4% a year over 5 years.
By product, Parts is the largest at 41% of fiscal 2025 revenue, growing 9% a year over 2 years.
Revenue by segment
Fiscal years, as Babcock & Wilcox Enterprises reports them in its 10-K filings; fiscal 2024 total $717M.
| Segments | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Share |
|---|---|---|---|---|---|---|---|---|---|
| B&W Thermal segment | — | — | $410M | $305M | $433M | $415M | $499M | $498M | 69% |
| B&W Renewable segment | $821M | $755M | $206M | $156M | $144M | $123M | $141M | $110M | 15% |
| B&W Environmental segment | — | — | $276M | $108M | $134M | $82M | $109M | $109M | 15% |
| Vølund & Other Renewable segment | $347M | $181M | — | — | — | — | — | — | — |
| SPIG segment | $181M | $154M | — | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Babcock & Wilcox Enterprises reports them in its 10-K filings; fiscal 2025 total $588M.
| Products | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|
| Parts | $203M | $206M | $242M | 41% |
| Projects | $174M | $197M | $187M | 32% |
| Construction | $211M | $178M | $159M | 27% |
Revenue by region
Fiscal years, as Babcock & Wilcox Enterprises reports them in its 10-K filings; fiscal 2025 total $588M.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Held by U.S. entities | $771M | $615M | $653M | $460M | $311M | $419M | $450M | $421M | $388M | $418M | 71% |
| Canada | $63M | $96M | $90M | $114M | $44M | $48M | $84M | $81M | $70M | $91M | 15% |
| Aggregate of all other countries, each with less than $10 million in revenues | $105M | $110M | $61M | $110M | $93M | $93M | $55M | $36M | $50M | $36M | 6% |
| Indonesia | — | — | $3M | $17M | $20M | $2M | $12M | $12M | $13M | $16M | 3% |
| United Kingdom | $196M | $184M | $64M | $54M | $26M | $27M | $6M | $36M | $50M | $15M | 3% |
| Philippines | — | — | — | — | — | — | $3M | $2M | $10M | $11M | 2% |
| Egypt | $36M | $43M | — | — | — | — | — | — | — | — | — |
| Denmark | $54M | $82M | $12M | $27M | $29M | $30M | — | — | — | — | — |
| Sweden | $21M | $36M | $35M | $19M | $11M | $22M | — | — | — | — | — |
| Germany | $25M | $22M | $15M | — | — | — | — | — | — | — | — |
| Italy | $6M | $11M | $14M | — | — | — | — | — | — | — | — |
| Finland | $5M | $7M | $10M | $14M | — | — | — | — | — | — | — |
| Israel | — | — | — | $635,000 | $2M | $14M | — | — | — | — | — |
| Saudi Arabia | — | — | — | $5M | $10M | $13M | — | — | — | — | — |
| Nigeria | — | $7M | $12M | — | — | — | — | — | — | — | — |
| Taiwan - Republic of China | $718,000 | $528,000 | $12M | — | — | — | — | — | — | — | — |
| Hong Kong | — | — | — | $5M | $4M | $11M | — | — | — | — | — |
| China | $27M | $48M | $23M | $18M | $8M | $10M | — | — | — | — | — |
| Brazil | $2M | $3M | $9M | — | — | — | — | — | — | — | — |
| Belgium | $300,000 | $288,000 | $8M | — | — | — | — | — | — | — | — |
| Saudi Arabia | $791,000 | $14M | $8M | — | — | — | — | — | — | — | — |
| Taiwan | — | — | — | — | $2M | $6M | — | — | — | — | — |
| Vietnam | $55M | $16M | $6M | — | — | — | — | — | — | — | — |
| India | $4M | $3M | $6M | — | — | — | — | — | — | — | — |
| Chile | $4M | $3M | $6M | — | — | — | — | — | — | — | — |
| Bahrain | — | $7,000 | $5M | — | — | — | — | — | — | — | — |
| France | — | — | — | — | $2M | $5M | — | — | — | — | — |
| South Korea | — | — | — | — | — | $4M | — | — | — | — | — |
| Brazil | $45M | $41M | $6M | $14M | $6M | $4M | — | — | — | — | — |
| South Africa | — | — | $4M | — | — | — | — | — | — | — | — |
| Belgium | — | — | — | — | — | $3M | — | — | — | — | — |
| Greece | — | — | — | — | — | $253,000 | — | — | — | — | — |
Questions
Where does Babcock & Wilcox Enterprises make its money?
In fiscal 2024, by segment: B&W Thermal segment $498M, B&W Renewable segment $110M, B&W Environmental segment $109M.
From Babcock & Wilcox Enterprises's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.