Held By U.S. Entities was Babcock & Wilcox Enterprises’s largest region in fiscal 2025, bringing in $1.67B of $2.35B (71%).
| Geography | FY 2013 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Held By U.S. Entities | $1.68B | $1.55B | $1.67B | |||||
| Held By United States Entities | — | — | — | |||||
| United States | — | — | — | |||||
| Canada | $323.44M | $279.62M | $362.44M | |||||
| Other Countries | — | — | — | |||||
| Aggregate Of All Other Countries, Each With Less Than $10 Million In Revenues | $144.17M | $198.35M | $145.51M | |||||
| Aggregate Of All Other Countries, Each With Less Than $5 Million In Revenues | — | — | — | |||||
| Columbia | — | — | — | |||||
| United Kingdom | $142.89M | $198.70M | $61.87M | |||||
| Denmark | — | — | — | |||||
| Sweden | — | — | — | |||||
| China | — | — | — | |||||
| Germany | — | — | — | |||||
| Nigeria | — | — | — | |||||
| Finland | — | — | — | |||||
| Indonesia | $46.03M | $52.79M | $65.09M | |||||
| Saudi Arabia | — | — | — | |||||
| Italy | — | — | — | |||||
| Netherlands | — | — | — | |||||
| Philippines | $9.91M | $41.93M | $43.79M | |||||
| Chile | — | — | — | |||||
| Hong Kong | — | — | — | |||||
| Belgium | — | — | — | |||||
| Israel | — | — | — | |||||
| Brazil | — | — | — | |||||
| Bahrain | — | — | — | |||||
| India | — | — | — | |||||
| Taiwan | — | — | — | |||||
| Taiwan - Republic Of China | — | — | — | |||||
| South Korea | — | — | — | |||||
| Vietnam | — | — | — | |||||
| Mexico | — | — | — | |||||
| South Africa | — | — | — | |||||
| France | — | — | — | |||||
| Thailand | — | — | — | |||||
| Malaysia | — | — | — | |||||
| Australia | — | — | — | |||||
| Poland | — | — | — | |||||
| Spain | — | — | — | |||||
| Dominican Republic | — | — | — | |||||
| Greece | — | — | — | |||||
| Total | $2.35B | $2.32B | $2.35B |
Babcock & Wilcox Enterprises brought in $2.35B from its six regions in fiscal 2025, the year ended December 31, 2025. That was up 1.1% from $2.32B in fiscal 2024. Held By U.S. Entities was the largest at $1.67B (71.1%), ahead of Canada at $362.44M (15.4%) and Aggregate Of All Other Countries, Each With Less Than $10 Million In Revenues at $145.51M (6.2%). The other three regions brought in $170.74M combined.
Compared with fiscal 2024, Canada grew fastest, up 29.6% to $362.44M, while United Kingdom fell the most, down 68.9% to $61.87M. From fiscal 2023 to 2025, combined revenue from these regions grew from $2.35B to $2.35B, a compound annual growth rate of 0.0%. Held By U.S. Entities' share of the total fell from 71.6% to 71.1%.
Parts was Babcock & Wilcox Enterprises’s largest segment in fiscal 2025, bringing in $966.32M of $2.35B (41%).
| Segment | FY 2013 | FY 2018 | FY 2020 | FY 2021 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| New Build Steam Generation Systems | — | — | — | ||||
| B&Amp;W Thermal | — | — | — | ||||
| Bw Thermal | — | — | — | ||||
| New Build Environmental Equipment | — | — | — | ||||
| Parts & Technical Services | — | — | — | ||||
| Construction Services | — | — | — | ||||
| Aftermarket Parts & Field Engineering Services | — | — | — | ||||
| Projects | $694.64M | $786.90M | $747.66M | ||||
| Retrofits | — | — | — | ||||
| Parts | $810.80M | $825.62M | $966.32M | ||||
| Construction | $844.35M | $711.63M | $636.73M | ||||
| New Build Utility & Environmental | — | — | — | ||||
| Renewable New Build & Services | — | — | — | ||||
| Industrial Steam Generation | — | — | — | ||||
| New Build Cooling Systems | — | — | — | ||||
| B&Amp;W Renewable | — | — | — | ||||
| Bw Renewable | — | — | — | ||||
| Operations & Maintenance | — | — | — | ||||
| Spig | — | — | — | ||||
| B&Amp;W Environmental | — | — | — | ||||
| Bw Environmental | — | — | — | ||||
| Aftermarket Cooling System Services | — | — | — | ||||
| Volund | — | — | — | ||||
| B&Amp;W Renewable Services | — | — | — | ||||
| Bw Renewable Services | — | — | — | ||||
| Gmab | — | — | — | ||||
| Total | $2.35B | $2.32B | $2.35B |
Babcock & Wilcox Enterprises brought in $2.35B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 1.1% from $2.32B in fiscal 2024. Parts was the largest at $966.32M (41.1%), ahead of Projects at $747.66M (31.8%) and Construction at $636.73M (27.1%).
Compared with fiscal 2024, Parts grew fastest, up 17.0% to $966.32M, while Construction fell the most, down 10.5% to $636.73M. From fiscal 2023 to 2025, combined revenue from these segments grew from $2.35B to $2.35B, a compound annual growth rate of 0.0%. Parts' share of the total rose from 34.5% to 41.1%.
Babcock & Wilcox Enterprises (BW) reports its revenue by geography and by segment. In fiscal 2025, Held By U.S. Entities was its largest region, bringing in $1.67B (71.1% of the total), followed by Canada at $362.44M (15.4%).
Held By U.S. Entities was Babcock & Wilcox Enterprises' largest region in fiscal 2025, bringing in $1.67B, or 71.1% of the $2.35B total across its six regions.
Parts was Babcock & Wilcox Enterprises' largest segment in fiscal 2025, bringing in $966.32M, or 41.1% of the $2.35B total across its three segments.
Among Babcock & Wilcox Enterprises' regions that make up at least 2% of revenue, Canada grew fastest in fiscal 2025, up 29.6% from $279.62M to $362.44M.
Every figure comes from Babcock & Wilcox Enterprises' annual financial filings, as reported. Each line keeps the name Babcock & Wilcox Enterprises gives it, and years follow its fiscal calendar.
Babcock & Wilcox Enterprises' revenue by geography goes back to fiscal 2013, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.