BW vs HYLN vs FPS Stock Comparison

Babcock & Wilcox Enterprises, Hyliion Holdings and Forgent Power Solutions Prices as of Oct 28, 2026 Peers: Industry group
HYLN Hyliion Holdings Corp.
$3.37 -15.3% 1M +59.0% 1Y
Market cap
$601.87M
P/E
–
Revenue (TTM)
$9.25M
Div. yield
–
Power Equipment Industrials
3 wins

Head to Head

8 decided of 12

Forgent Power Solutions leads on 3 of the 12 questions below (Forgent Power Solutions 3, Hyliion Holdings 3, Babcock & Wilcox Enterprises 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBWHYLNFPSLeader
Larger companyMarket capitalisation $677.78M $601.87M $8.03B FPS
Cheaper on earningsLower P/E, profitable companies only -19.5x -11.5x 87.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 32.5x — 21.0x FPS
Faster revenue growthRevenue growth, trailing twelve months +42.6% +163.2% — HYLN
More profitableNet margin, trailing twelve months -4.0% -564.3% — BW
Better return on capitalReturn on invested capital 14.3% — — –
Less leveragedLower net debt / EBITDA -2.8x — — –
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months +44.0% +59.0% — HYLN
Better 5-year returnAnnualised price return, 5 years -7.8%/yr -16.1%/yr — BW
Less volatileAnnualised volatility, 1 year 114.7% 98.9% 91.3% FPS
Higher overall scoreMean of the five percentile scores vs peers 50/100 57/100 — HYLN

Percentile Scorecard

BWHYLNFPS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBWHYLNFPS
Valuation 62 #24 of 61 33 #41 of 61 5 #193 of 203
Growth 70 #18 of 58 88 #8 of 58 –
Profitability 72 #16 of 55 13 #48 of 55 –
Financial Health 37 #45 of 71 93 #6 of 71 20 #174 of 217
Shareholder Returns 11 #26 of 29 – –
Overall 50 57 –
  • BW ranked among 71 companies in Clean Energy Equipment
  • HYLN ranked among 71 companies in Clean Energy Equipment
  • FPS ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBWHYLNFPSSPY
1 month -21.0%-15.3%-20.0% +0.9%
3 months -42.6%+4.7%+0.0% +5.9%
6 months -69.2%+88.3%-19.4% +8.5%
Year to date -28.2%+83.2%— +13.3%
1 year +44.0%+59.0%— +12.4%
3 years +93.6%+497.4%— +88.1%
3 years, per year +24.7%+81.5%— +23.5%
5 years -33.4%-58.3%— +68.2%
5 years, per year -7.8%-16.1%— +11.0%
10 years -97.1%—— +263.4%
10 years, per year -29.9%—— +13.8%

Risk

MeasureBWHYLNFPSSPY
Volatility, 1Y 114.7%98.9%91.3% 12.7%
Downside volatility, 1Y 103.8%92.9%90.8% 12.7%
Beta vs S&P 500, 1Y 3.333.183.63 1.00
Return / volatility, 1Y 0.380.60— 0.98
Max drawdown, 5Y -97.4%-94.0%-62.5% -25.4%
From 52-week high -79.2%-58.4%-54.7% -0.9%
52-week high $21.85$8.10$64.59 $779.14
52-week low $3.16$1.58$24.22 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBWHYLNFPS
P/E now vs peer median -19.5xmedian 29.4x -11.5xmedian 29.4x 87.0xmedian 25.4x
P/S now vs peer median 0.8xmedian 2.6x 65.1xmedian 2.6x 5.7xmedian 1.9x
EV/EBITDA now vs peer median 16.1xmedian 18.4x -10.5xmedian 18.4x —median 14.3x
P/FCF now vs peer median -11.7xmedian 24.4x -10.6xmedian 24.4x -1,177xmedian 21.8x
P/B now vs peer median 11.8xmedian 1.8x 3.6xmedian 1.8x 12.0xmedian 2.2x
PEG now vs peer median -0.79median 1.07 -0.38median 1.07 —median 1.41

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBWHYLNFPS
Revenue $821.95M $9.25M –
Gross profit $160.14M $603.00K –
Operating income $22.49M -$58.73M –
Net income -$18.35M -$52.19M –
Free cash flow -$58.17M -$56.62M –
R&D – $37.27M –
EPS (diluted) $-0.21 $-0.29 –
Cash & equivalents $308.63M $13.20M $97.48M
Total debt $209.43M – $582.18M
Shares (diluted) 154.51M 178.44M 243.80M
Enterprise value $148.75M $267.77M $8.04B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBWHYLNFPS
P/E -19.5x -11.5x 87.0x
P/FCF -11.7x -10.6x -1,177x
P/Operating cash flow -19.5x -14.2x –
P/S 0.8x 65.1x 5.7x
P/B 11.8x 3.6x 12.0x
P/Tangible book 15.4x 3.6x 21.0x
EV/EBITDA 16.1x -10.5x –
EV/EBIT 25.7x -9.2x –
EV/Revenue 0.7x 58.1x –
EV/FCF -9.9x -9.5x –
EV/Operating cash flow -16.7x -12.7x –
PEG (3Y EPS CAGR) -0.79 -0.38 –

Growth

14 metrics
MetricBWHYLNFPS
Revenue growth (1Y) 42.6% 163.2% –
Revenue CAGR (3Y) 3.5% 62.1% –
Gross profit growth (1Y) 20.7% 154.4% –
Gross profit CAGR (3Y) -2.8% 29.7% –
Operating income growth (1Y) 879.4% 11.9% –
Operating income CAGR (3Y) 17.5% 29.6% –
Net income growth (1Y) 87.7% 7.3% –
Net income CAGR (3Y) 17.3% 30.7% –
EPS growth (1Y) 87.1% 8.9% –
EPS CAGR (3Y) 24.6% 30.4% –
Operating cash flow growth (1Y) 72.4% 10.5% –
Operating cash flow CAGR (3Y) -73.7% 30.3% –
Free cash flow growth (1Y) 57.3% 16.0% –
Free cash flow CAGR (3Y) -120.7% 24.4% –

Profitability

14 metrics
MetricBWHYLNFPS
Gross margin 19.5% 6.5% –
EBITDA margin 4.4% -551.3% –
Operating margin 2.7% -635.2% –
Pretax margin -8.8% -564.5% –
Net margin -4.0% -564.3% –
FCF margin -7.1% -612.3% –
Operating cash flow margin -4.2% -458.2% –
Return on equity – -29.7% –
Return on assets -8.9% -28.2% –
Return on invested capital 14.3% – –
Return on capital employed 5.9% -33.4% –
Asset turnover 0.9x 0.0x –
Cash conversion (OCF / net income) 1.9x 0.8x –
Stock comp / revenue 2.0% 64.8% –

Financial Health

11 metrics
MetricBWHYLNFPS
Debt / assets 21.0% – 26.1%
Debt / equity 3.7x – 0.9x
Net debt / EBITDA -2.8x – –
Debt / FCF -3.6x – –
Liabilities / assets 94.3% 5.6% 69.9%
Equity / assets 5.7% 94.4% 30.1%
Interest coverage 0.9x – –
Current ratio 1.5x 7.6x 1.5x
Quick ratio 1.1x 7.1x 1.0x
Cash ratio 0.6x 6.8x 0.2x
Altman Z-score -0.88 33.51 –

Shareholder Returns

7 metrics
MetricBWHYLNFPS
Dividend yield – – –
Net buyback yield -56.7% – –
Shareholder yield -56.7% – –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBWHYLNFPS
Forward P/E 32.5xFY2026 – 21.0xFY2027
EPS, next fiscal year $0.14FY2026 $-0.32FY2026 $1.39FY2027
EPS growth, next FY – – +104.4%FY2027
EPS growth, the year after +221.4% – +53.2%
Revenue, next fiscal year $1.01BFY2026 $14.80MFY2026 $2.41BFY2027
Revenue growth, next FY +71.1%FY2026 +325.2%FY2026 +69.5%FY2027
Revenue growth, the year after +35.9% +127.8% +38.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBWHYLNFPS
Held by institutions 88.0% 33.4% 64.9%
Institutions holding 200 168 369
Change in shares held, QoQ +24.0% +19.5% +46.0%
Institutions buying 146 106 296
Institutions selling 41 38 63
Buyers to sellers 3.56 2.79 4.70

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BWHYLNFPS
BW 1.00 0.33 0.51
HYLN 0.33 1.00 0.37
FPS 0.51 0.37 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BW, HYLN and FPS?

Forgent Power Solutions (FPS) is the largest by market capitalisation: Babcock & Wilcox Enterprises (BW) $677.78M, Hyliion Holdings (HYLN) $601.87M, Forgent Power Solutions (FPS) $8.03B.

Which company is growing faster?

Hyliion Holdings (HYLN) grew revenue fastest over the trailing twelve months: Babcock & Wilcox Enterprises (BW) +42.6%, Hyliion Holdings (HYLN) +163.2%.

Which company is more profitable?

Babcock & Wilcox Enterprises (BW) has the highest net margin (Babcock & Wilcox Enterprises (BW) -4.0%, Hyliion Holdings (HYLN) -564.3%).

Which stock has performed better?

Over the past year Hyliion Holdings (HYLN) returned the most: Babcock & Wilcox Enterprises (BW) +44.0%, Hyliion Holdings (HYLN) +59.0%. Over five years, Babcock & Wilcox Enterprises (BW) compounded fastest (Babcock & Wilcox Enterprises (BW) -7.8%/yr, Hyliion Holdings (HYLN) -16.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Forgent Power Solutions (FPS) has been the steadiest (Babcock & Wilcox Enterprises (BW) 114.7%, Hyliion Holdings (HYLN) 98.9%, Forgent Power Solutions (FPS) 91.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BW, HYLN and FPS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Forgent Power Solutions (FPS) leads on 3. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.