Babcock & Wilcox Enterprises (BW)
Market Price (3/7/2026): $13.07 | Market Cap: $1.3 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Babcock & Wilcox Enterprises (BW)
Market Price (3/7/2026): $13.07Market Cap: $1.3 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 76% | Trading close to highsDist 52W High is -1.4%, Dist 3Y High is -1.4% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 85x |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling, Sustainable Infrastructure, and Hydrogen Economy. Themes include Waste-to-Energy Solutions, Show more. | Stock price has recently run up significantly6M Rtn6 month market price return is 515%, 12M Rtn12 month market price return is 1184% | |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -2.4% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -14% | ||
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 374% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12% | ||
| High stock price volatilityVol 12M is 164% | ||
| Key risksBW key risks include [1] substantial doubt about its ability to continue as a going concern due to severe financial distress, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 76% |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling, Sustainable Infrastructure, and Hydrogen Economy. Themes include Waste-to-Energy Solutions, Show more. |
| Trading close to highsDist 52W High is -1.4%, Dist 3Y High is -1.4% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 85x |
| Stock price has recently run up significantly6M Rtn6 month market price return is 515%, 12M Rtn12 month market price return is 1184% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -2.4% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -14% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 374% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12% |
| High stock price volatilityVol 12M is 164% |
| Key risksBW key risks include [1] substantial doubt about its ability to continue as a going concern due to severe financial distress, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Babcock & Wilcox received a full notice to proceed on a significant $2.4 billion power generation project with Base Electron, backed by Applied Digital, to deliver 1.2 gigawatts of capacity for AI Factory campuses. This major contract, which includes four 300-megawatt natural gas-fired boilers and steam turbine generator systems, was announced on March 4, 2026, and was a key catalyst, contributing to pre-market increases of 22.1% and a nearly 46% surge in one trading session.
2. The company reported strong fourth quarter and full year 2025 financial results, significantly exceeding expectations. For Q4 2025, Babcock & Wilcox narrowed its net loss to $3.5 million from $53.8 million in Q4 2024, and its Adjusted EBITDA and Operating Income substantially outperformed consensus estimates. Full year 2025 consolidated Adjusted EBITDA increased by 107% to $43.7 million, up from $21.2 million in 2024, and operating income reached $20.7 million compared to an operating loss of $6.3 million in 2024.
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Stock Movement Drivers
Fundamental Drivers
The 109.6% change in BW stock from 11/30/2025 to 3/6/2026 was primarily driven by a 109.6% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3062026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.25 | 13.10 | 109.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 747 | 747 | 0.0% |
| P/S Multiple | 0.9 | 1.8 | 109.6% |
| Shares Outstanding (Mil) | 103 | 103 | 0.0% |
| Cumulative Contribution | 109.6% |
Market Drivers
11/30/2025 to 3/6/2026| Return | Correlation | |
|---|---|---|
| BW | 109.6% | |
| Market (SPY) | -1.6% | 29.2% |
| Sector (XLI) | 10.6% | 20.6% |
Fundamental Drivers
The 487.4% change in BW stock from 8/31/2025 to 3/6/2026 was primarily driven by a 516.2% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3062026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.23 | 13.10 | 487.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 750 | 747 | -0.5% |
| P/S Multiple | 0.3 | 1.8 | 516.2% |
| Shares Outstanding (Mil) | 99 | 103 | -4.2% |
| Cumulative Contribution | 487.4% |
Market Drivers
8/31/2025 to 3/6/2026| Return | Correlation | |
|---|---|---|
| BW | 487.4% | |
| Market (SPY) | 4.5% | 30.3% |
| Sector (XLI) | 12.3% | 25.4% |
Fundamental Drivers
The 1113.0% change in BW stock from 2/28/2025 to 3/6/2026 was primarily driven by a 668.4% change in the company's P/S Multiple.| (LTM values as of) | 2282025 | 3062026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.08 | 13.10 | 1113.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 423 | 747 | 76.3% |
| P/S Multiple | 0.2 | 1.8 | 668.4% |
| Shares Outstanding (Mil) | 92 | 103 | -10.5% |
| Cumulative Contribution | 1113.0% |
Market Drivers
2/28/2025 to 3/6/2026| Return | Correlation | |
|---|---|---|
| BW | 1113.0% | |
| Market (SPY) | 14.2% | 33.6% |
| Sector (XLI) | 25.9% | 32.6% |
Fundamental Drivers
The 101.8% change in BW stock from 2/28/2023 to 3/6/2026 was primarily driven by a 157.5% change in the company's P/S Multiple.| (LTM values as of) | 2282023 | 3062026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.49 | 13.10 | 101.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 817 | 747 | -8.6% |
| P/S Multiple | 0.7 | 1.8 | 157.5% |
| Shares Outstanding (Mil) | 88 | 103 | -14.3% |
| Cumulative Contribution | 101.8% |
Market Drivers
2/28/2023 to 3/6/2026| Return | Correlation | |
|---|---|---|
| BW | 101.8% | |
| Market (SPY) | 76.0% | 29.3% |
| Sector (XLI) | 75.6% | 31.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BW Return | 157% | -36% | -75% | 12% | 287% | 110% | 279% |
| Peers Return | 47% | 11% | 14% | 39% | 13% | 17% | 241% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| BW Win Rate | 50% | 33% | 33% | 33% | 67% | 67% | |
| Peers Win Rate | 60% | 57% | 57% | 65% | 58% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| BW Max Drawdown | -5% | -55% | -83% | -46% | -84% | -7% | |
| Peers Max Drawdown | -5% | -22% | -19% | -10% | -24% | -2% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FLR, J, ACM, PWR, MTZ. See BW Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/6/2026 (YTD)
How Low Can It Go
| Event | BW | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -90.1% | -25.4% |
| % Gain to Breakeven | 908.1% | 34.1% |
| Time to Breakeven | 806 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -83.7% | -33.9% |
| % Gain to Breakeven | 514.8% | 51.3% |
| Time to Breakeven | 307 days | 148 days |
| 2018 Correction | ||
| % Loss | -98.7% | -19.8% |
| % Gain to Breakeven | 7584.8% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to FLR, J, ACM, PWR, MTZ
In The Past
Babcock & Wilcox Enterprises's stock fell -90.1% during the 2022 Inflation Shock from a high on 11/17/2021. A -90.1% loss requires a 908.1% gain to breakeven.
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About Babcock & Wilcox Enterprises (BW)
AI Analysis | Feedback
Siemens Energy for industrial clean energy and environmental solutions.
General Electric (GE) for large-scale industrial power generation and emissions control.
AI Analysis | Feedback
- Renewable Energy Solutions: Designs, manufactures, and services systems for converting biomass and waste into energy.
- Environmental Technologies: Provides advanced air pollution control systems and technologies to reduce emissions for power plants and industrial facilities.
- Thermal Power Generation Equipment: Manufactures boilers, heat recovery steam generators (HRSG), and other critical components for power generation and industrial processes.
- Aftermarket Parts & Services: Offers a comprehensive range of replacement parts, field services, technical support, and performance upgrades for its installed base of equipment.
AI Analysis | Feedback
Babcock & Wilcox Enterprises (symbol: BW) sells primarily to other companies and government entities, operating on a business-to-business (B2B) and business-to-government (B2G) model.
According to their public filings (e.g., 2023 Form 10-K), no single customer accounted for 10% or more of Babcock & Wilcox's consolidated revenues for the years ended December 31, 2023, 2022, and 2021. This indicates a highly diversified customer base rather than reliance on a few specific major customers.
Therefore, while specific named major customer companies (and their symbols) are not disclosed due to their diversified revenue base, Babcock & Wilcox's customers primarily fall into the following broad categories within the power generation and industrial markets:
- Independent Power Producers: Companies that own and operate facilities to generate electricity for sale to utilities or end-users.
- Public and Private Utilities: Electric power generation, transmission, and distribution companies serving residential, commercial, and industrial sectors.
- Industrial Customers: Businesses across various heavy industries that require specialized energy and environmental solutions. These include, but are not limited to, companies in the:
- Waste-to-Energy sector
- Pulp and Paper industry
- Metals industry
- Chemical industry
- Government Entities: The U.S. government and foreign governments for various energy and environmental infrastructure projects.
AI Analysis | Feedback
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Kenneth Young, Chairman and Chief Executive Officer
Kenneth Young has served as Chief Executive Officer of Babcock & Wilcox (B&W) since November 2018 and Chairman since September 2020. He brings more than 30 years of global operational, executive, and director experience, primarily within the energy, communications, and finance industries. Mr. Young is credited with driving a turnaround at B&W, improving profitability, increasing bookings, revenues, and earnings, and reducing senior debt. He has also led acquisitions to expand the company's product portfolio and launched B&W's ClimateBright™ suite of technologies. Prior to joining B&W, he served as President of B. Riley Financial, Inc. and Chief Executive Officer for B. Riley Principal Investments, a wholly-owned subsidiary of B. Riley Financial. Before B. Riley, he held executive leadership positions with Lightbridge Communications Corporation (LCC), where he was President and CEO from 2008 to 2015, leading the company's sale. He also held senior executive positions with Liberty Media's TruePosition and various roles within the AT&T Corporation. Mr. Young has served as a director for several companies, including Orion Energy Systems Inc and Liberty Tax Inc.
Cameron Frymyer, Executive Vice President and Chief Financial Officer
Cameron Frymyer was named Executive Vice President and Chief Financial Officer for Babcock & Wilcox, effective January 1, 2025. He has served in various senior-level Finance & Accounting and operational leadership roles during his 27 years with the company, having joined B&W in 1997. Most recently, he served as Senior Vice President of Business Operations from December 2023 through December 2024. His previous roles include Business Segment Chief Financial Officer and Vice President, Finance, for The Babcock & Wilcox Company and its former SPIG subsidiary, as well as Vice President, Finance, for the company's Power and Industrial segments, and Controller for its former Global Power.
Jimmy B. Morgan, Executive Vice President and Chief Commercial Officer
Jimmy B. Morgan is the Executive Vice President and Chief Commercial Officer for Babcock & Wilcox. He joined B&W in 2016 and previously served as Chief Operating Officer since 2022. Mr. Morgan possesses more than 31 years of experience in large energy projects. Before his tenure at B&W, he was an Executive Vice President for Allied Technical Resources, Inc., and held positions such as Chief Operating Officer with BHI Energy, Vice President of Installation and Modification Services with Westinghouse, and Managing Director for AREVA T&D. He commenced his career as a Maintenance Engineer with Duke Energy.
Christopher S. Riker, Executive Vice President and Chief Operating Officer
Christopher S. Riker was appointed Executive Vice President and Chief Operating Officer of Babcock & Wilcox, effective January 1, 2025. He has nearly 15 years of experience with B&W. Since August 2022, Mr. Riker has led B&W's Thermal Segment. His prior leadership roles at the company include Vice President of B&W's Global Parts & Service operations, Vice President of B&W's Industrial Steam Generation business, and Controller for B&W's Diamond Power International, LLC subsidiary.
John J. Dziewisz, Executive Vice President, General Counsel and Corporate Secretary
John J. Dziewisz serves as Executive Vice President, General Counsel, and Corporate Secretary for Babcock & Wilcox. In this capacity, he is responsible for overseeing the legal operations across all B&W business segments, as well as Risk Management and Ethics and Compliance. He also holds the position of the company's Chief Compliance Officer. Mr. Dziewisz joined B&W in 1997 as an attorney.
AI Analysis | Feedback
The key risks to Babcock & Wilcox Enterprises (BW) are primarily financial, followed by operational and market-related challenges.1. Financial Health and Going Concern Risk
Babcock & Wilcox Enterprises faces substantial doubt about its ability to continue as a going concern due to significant financial challenges, including the need for additional financing and potential refinancing of its debt obligations. The company has experienced losses from operations and negative cash flows, requiring ongoing discussions with lenders and potential asset divestitures. Its liquidity is strained, with non-restricted cash potentially insufficient to fund operations through another year, and there is a high reliance on debt, alongside negative shareholder equity. Macroaxis estimates Babcock & Wilcox Enterprises' probability of bankruptcy at 58%, significantly higher than the industry average. Failure to secure necessary financing could lead to bankruptcy proceedings.
2. Operational Risks, particularly Fixed-Price Contracts and Supply Chain Issues
The company is exposed to significant risks associated with fixed-price contracts, where actual costs may exceed estimates, potentially leading to reduced profitability or even losses. Historically, the company has experienced significant losses from several large loss contracts in its Renewable and Environmental segments. Furthermore, Babcock & Wilcox Enterprises relies on third-party suppliers and subcontractors, which introduces risks of delays and increased costs. Disputes with customers on long-term contracts could also adversely affect the company's financial condition.
3. Intense Competition and Market Pressures
Babcock & Wilcox Enterprises operates in a highly competitive energy sector, facing rivals such as larger Engineering, Procurement, and Construction (EPC) firms and specialized environmental technology companies that exert pressure on pricing and scale. The company's competitive weaknesses include its limited scale compared to global primes and sensitivity in price-competitive tenders, particularly in markets like Asia. Economic uncertainty and technological disruption within the rapidly evolving energy sector also pose ongoing threats to the company's revenue and market share.
AI Analysis | Feedback
The accelerated global energy transition, specifically the rapid phase-out of coal-fired power generation, poses an emerging threat to Babcock & Wilcox Enterprises' legacy businesses.
AI Analysis | Feedback
Babcock & Wilcox Enterprises (BW) operates in three main segments: B&W Renewable, B&W Environmental, and B&W Thermal. The addressable market sizes for these segments are as follows:
- B&W Renewable: This segment focuses on waste-to-energy technologies, biomass energy, and other sustainable power and heat generation solutions. The global waste-to-energy market was valued at approximately USD 45.89 billion in 2025 and is projected to reach USD 70.2 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.62% from 2026 to 2032.
- B&W Environmental: This segment provides emissions control and environmental technology solutions, including systems for cooling, ash handling, particulate control, and the removal of nitrogen oxides (NOx) and sulfur dioxides (SOx). The global industrial emissions control systems market size was valued at USD 100.9 billion in 2022 and is projected to reach USD 165.7 billion by 2032, exhibiting a CAGR of 5.1%. This market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The global air pollution control systems market was valued at USD 86.8 billion in 2023 and is expected to grow to USD 141.6 billion by 2030, with a CAGR of 7.2%.
- B&W Thermal: This segment offers steam generation products and solutions, including boilers, aftermarket parts, construction, maintenance, and engineered upgrades for the power generation, oil & gas, and industrial sectors. The global industrial boiler market size was valued at USD 15.6 billion in 2023 and is projected to reach USD 21.6 billion by 2032, growing at a CAGR of 3.8% from 2024 to 2032. The market encompasses North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
AI Analysis | Feedback
Babcock & Wilcox Enterprises (BW) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Increasing Demand for Power, especially from AI Data Centers: The rising need for power and electricity, fueled by the rapid expansion of AI-driven data centers and expanding economies, is a significant driver for B&W's technologies. The company is capitalizing on a global project pipeline of over $3 billion specifically within the AI data center market, including an agreement for a project valued over $1.5 billion to deliver one gigawatt of power for an Applied Digital AI Factory, with full contract release anticipated in the first quarter of 2026. B&W anticipates that industry tailwinds and generation demand will continue to increase, providing a strong foundation for growth in 2025 and beyond.
- Growth in Global Parts & Services Business: B&W's Global Parts & Services business has demonstrated strong performance, with revenue increases attributed to the growing need for electricity from fossil fuels driven by AI, data centers, and expanding economies. This segment posted a 31% increase in revenues compared to the second quarter of 2024. The company continues to see strong global demand for its diverse portfolio of technologies, which is supported by record high bookings from its global parts and services business.
- Advancement and Commercialization of Clean Energy Technologies (BrightLoop™ and ClimateBright™): B&W is strategically pivoting towards clean energy and sustainable solutions, with a focus on decarbonization technologies such as hydrogen production and carbon capture. Proceeds from strategic divestitures, like the sale of its Diamond Power International business for $177 million and Babcock & Wilcox A/S for $20 million in 2025, are being channeled into developing and deploying advanced clean energy solutions. The company's BrightLoop™ and ClimateBright™ technologies are key to its positioning in the hydrogen and decarbonization markets.
- Strong and Growing Project Backlog: B&W has reported significant increases in its bookings and backlog, indicating substantial future revenue potential. In the first quarter of 2025, the backlog reached $526.8 million, representing a 47% increase compared to the same period in 2024, marking the largest backlog in recent company history. Similarly, the company saw a year-over-year increase of 39% in bookings and 47% in backlog in 2024, which underpins its outlook for sustained growth. The global project pipeline for identified opportunities remains healthy across all business segments.
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Share Repurchases
- On August 21, 2025, the Board of Directors authorized the repurchase of the remaining outstanding principal amounts of the company's 8.125% Senior Notes due 2026 and 6.50% Senior Notes due 2026.
- Babcock & Wilcox paid down $70 million of bonds due February 2026 on October 2, 2025.
- A notice of redemption was issued on November 4, 2025, for all approximately $26 million aggregate principal amount outstanding of its 8.125% Senior Notes due 2026, with full redemption expected by December 5, 2025.
Share Issuance
- On May 7, 2021, Babcock & Wilcox completed an offering of 4,000,000 shares of 7.75% Series A Cumulative Perpetual Preferred Stock, generating gross proceeds of approximately $100 million and net proceeds of approximately $95.7 million.
- As of November 3, 2025, the company had a sales agreement to offer and sell, from time to time, up to $200,000,000 of its common stock through an "at-the-market" offering.
- The company raised $67.5 million through an at-the-market equity offering which opened on November 5, 2025, including approximately $50 million from a single fundamental global institutional investor.
Inbound Investments
- Galloway Capital and Diveroli Investment Group acquired a significant 4.31% stake in Babcock & Wilcox Enterprises as of June 2, 2025, based on a belief of undervaluation.
- Approximately $50 million of the $67.5 million raised in the at-the-market equity offering in November 2025 came from a single fundamental global institutional investor.
Outbound Investments
- Babcock & Wilcox acquired Fosler Construction Company on September 30, 2021.
- The company acquired FPS, a design and manufacturing company for firing equipment and safety systems, in February 2022.
- A merger/acquisition with Hamon Research-Cottrell was completed on July 28, 2022.
Capital Expenditures
- Babcock & Wilcox reported capital expenditures of $12.3 million in 2022, $12.8 million in 2023, and $15.8 million in 2024.
- The capital expenditures are primarily focused on operational improvements and strategic growth initiatives.
- For 2025, capital expenditures are projected to be between $15 million and $20 million.
Latest Trefis Analyses
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Trade Ideas
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| 02272026 | EFX | Equifax | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 02202026 | LZ | LegalZoom.com | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.2% | 7.2% | -5.0% |
| 02132026 | ADP | Automatic Data Processing | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.1% | 1.1% | -3.0% |
| 02132026 | TREX | Trex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.2% | -3.2% | -5.9% |
| 02132026 | PCTY | Paylocity | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -0.6% | -0.6% | -4.8% |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 115.42 |
| Mkt Cap | 14.3 |
| Rev LTM | 14,902 |
| Op Inc LTM | 770 |
| FCF LTM | 451 |
| FCF 3Y Avg | 616 |
| CFO LTM | 643 |
| CFO 3Y Avg | 775 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.4% |
| Rev Chg 3Y Avg | 7.8% |
| Rev Chg Q | 5.2% |
| QoQ Delta Rev Chg LTM | 1.3% |
| Op Mgn LTM | 6.1% |
| Op Mgn 3Y Avg | 4.4% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 4.2% |
| CFO/Rev 3Y Avg | 5.5% |
| FCF/Rev LTM | 2.9% |
| FCF/Rev 3Y Avg | 4.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 14.3 |
| P/S | 1.4 |
| P/EBIT | 25.8 |
| P/E | 31.9 |
| P/CFO | 16.8 |
| Total Yield | 1.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 4.0% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.5% |
| 3M Rtn | 9.9% |
| 6M Rtn | 26.8% |
| 12M Rtn | 73.9% |
| 3Y Rtn | 84.2% |
| 1M Excs Rtn | 9.6% |
| 3M Excs Rtn | 12.0% |
| 6M Excs Rtn | 22.5% |
| 12M Excs Rtn | 52.3% |
| 3Y Excs Rtn | 0.3% |
Price Behavior
| Market Price | $13.10 | |
| Market Cap ($ Bil) | 1.3 | |
| First Trading Date | 07/01/2015 | |
| Distance from 52W High | -1.4% | |
| 50 Days | 200 Days | |
| DMA Price | $8.72 | $4.29 |
| DMA Trend | up | up |
| Distance from DMA | 50.2% | 205.5% |
| 3M | 1YR | |
| Volatility | 140.7% | 164.5% |
| Downside Capture | 83.12 | 200.99 |
| Upside Capture | 642.75 | 434.00 |
| Correlation (SPY) | 28.8% | 33.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.65 | 2.46 | 2.85 | 3.13 | 2.76 | 2.42 |
| Up Beta | 6.16 | 2.64 | 3.31 | 1.51 | 1.84 | 1.84 |
| Down Beta | -0.99 | 3.70 | 4.37 | 4.64 | 3.75 | 3.07 |
| Up Capture | 192% | 497% | 401% | 1035% | 2708% | 2658% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 9 | 23 | 34 | 71 | 126 | 348 |
| Down Capture | 346% | -11% | 108% | 113% | 146% | 113% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 12 | 18 | 26 | 52 | 118 | 377 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BW | |
|---|---|---|---|---|
| BW | 1,185.1% | 164.5% | 2.28 | - |
| Sector ETF (XLI) | 28.4% | 19.2% | 1.17 | 32.2% |
| Equity (SPY) | 16.4% | 19.2% | 0.66 | 33.2% |
| Gold (GLD) | 77.1% | 26.1% | 2.17 | 7.7% |
| Commodities (DBC) | 19.6% | 17.1% | 0.89 | 23.6% |
| Real Estate (VNQ) | 3.1% | 16.6% | 0.01 | 17.0% |
| Bitcoin (BTCUSD) | -21.4% | 45.5% | -0.39 | 19.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BW | |
|---|---|---|---|---|
| BW | 13.7% | 107.6% | 0.62 | - |
| Sector ETF (XLI) | 14.5% | 17.2% | 0.67 | 32.9% |
| Equity (SPY) | 13.0% | 17.0% | 0.60 | 31.1% |
| Gold (GLD) | 24.2% | 17.2% | 1.14 | 10.1% |
| Commodities (DBC) | 11.9% | 19.0% | 0.51 | 12.9% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 24.0% |
| Bitcoin (BTCUSD) | 7.5% | 56.8% | 0.35 | 13.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BW | |
|---|---|---|---|---|
| BW | -23.2% | 106.3% | 0.28 | - |
| Sector ETF (XLI) | 14.5% | 19.8% | 0.64 | 29.1% |
| Equity (SPY) | 15.0% | 17.9% | 0.72 | 28.2% |
| Gold (GLD) | 15.1% | 15.6% | 0.80 | 5.2% |
| Commodities (DBC) | 9.0% | 17.6% | 0.43 | 13.9% |
| Real Estate (VNQ) | 6.1% | 20.7% | 0.26 | 23.2% |
| Bitcoin (BTCUSD) | 66.7% | 66.8% | 1.06 | 9.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/4/2025 | 28.3% | 82.9% | 51.9% |
| 8/11/2025 | 15.7% | 18.9% | 107.1% |
| 3/31/2025 | -31.9% | -46.9% | -32.9% |
| 11/12/2024 | -28.5% | -21.3% | -28.5% |
| 8/8/2024 | 6.3% | -8.1% | 2.7% |
| 3/14/2024 | -22.7% | -17.2% | -18.0% |
| 8/8/2023 | 3.4% | -2.9% | 0.2% |
| 3/15/2023 | -0.7% | 4.4% | 11.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 9 | 11 |
| # Negative | 7 | 8 | 6 |
| Median Positive | 8.5% | 14.1% | 21.4% |
| Median Negative | -22.7% | -14.5% | -23.2% |
| Max Positive | 28.3% | 82.9% | 107.1% |
| Max Negative | -37.2% | -48.7% | -41.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 03/08/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Frymyer, Cameron M | Chief Financial Officer | Direct | Buy | 11132025 | 7.05 | 2,853 | 20,114 | 1,104,439 | Form |
| 2 | Young, Kenneth M | Chief Executive Officer | See Note | Buy | 11132025 | 7.16 | 1,675 | 11,993 | 1,953,012 | Form |
| 3 | Young, Kenneth M | Chief Executive Officer | Direct | Buy | 11132025 | 7.13 | 1,500 | 10,695 | 10,297,766 | Form |
| 4 | Young, Kenneth M | Chief Executive Officer | See Note | Buy | 9082025 | 2.14 | 9,347 | 20,003 | 580,137 | Form |
| 5 | Moeller, Philip D | Direct | Buy | 8292025 | 1.86 | 10,000 | 18,599 | 367,440 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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