Held By U.S. Entities was Babcock & Wilcox Enterprises’s largest region in fiscal 2025, bringing in $418.00M of $587.68M (71%).
| Geography | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Held By U.S. Entities | $449.64M | $420.84M | $388.19M | $418.00M | ||||||
| Held By United States Entities | — | — | — | — | ||||||
| United States | — | — | — | — | ||||||
| Canada | $84.25M | $80.86M | $69.91M | $90.61M | ||||||
| Aggregate Of All Other Countries, Each With Less Than $10 Million In Revenues | $54.66M | $36.04M | $49.59M | $36.38M | ||||||
| Aggregate Of All Other Countries, Each With Less Than $5 Million In Revenues | — | — | — | — | ||||||
| United Kingdom | $5.99M | $35.72M | $49.67M | $15.47M | ||||||
| Egypt | — | — | — | — | ||||||
| Denmark | — | — | — | — | ||||||
| Vietnam | — | — | — | — | ||||||
| Sweden | — | — | — | — | ||||||
| China | — | — | — | — | ||||||
| Germany | — | — | — | — | ||||||
| Indonesia | $11.62M | $11.51M | $13.20M | $16.27M | ||||||
| Italy | — | — | — | — | ||||||
| Nigeria | — | — | — | — | ||||||
| Finland | — | — | — | — | ||||||
| Saudi Arabia | — | — | — | — | ||||||
| Philippines | $3.28M | $2.48M | $10.48M | $10.95M | ||||||
| Hong Kong | — | — | — | — | ||||||
| Israel | — | — | — | — | ||||||
| Brazil | — | — | — | — | ||||||
| India | — | — | — | — | ||||||
| Chile | — | — | — | — | ||||||
| Taiwan | — | — | — | — | ||||||
| Taiwan - Republic Of China | — | — | — | — | ||||||
| South Korea | — | — | — | — | ||||||
| South Africa | — | — | — | — | ||||||
| France | — | — | — | — | ||||||
| Belgium | — | — | — | — | ||||||
| Bahrain | — | — | — | — | ||||||
| Greece | — | — | — | — | ||||||
| Total | $609.44M | $587.45M | $581.04M | $587.68M |
Babcock & Wilcox Enterprises brought in $587.68M from its six regions in fiscal 2025, the year ended December 31, 2025. That was up 1.1% from $581.04M in fiscal 2024. Held By U.S. Entities was the largest at $418.00M (71.1%), ahead of Canada at $90.61M (15.4%) and Aggregate Of All Other Countries, Each With Less Than $10 Million In Revenues at $36.38M (6.2%). The other three regions brought in $42.69M combined.
Compared with fiscal 2024, Canada grew fastest, up 29.6% to $90.61M, while United Kingdom fell the most, down 68.9% to $15.47M. From fiscal 2022 to 2025, combined revenue from these regions fell from $609.44M to $587.68M, a compound annual decline of 1.2%. Held By U.S. Entities' share of the total fell from 73.8% to 71.1%.
Parts was Babcock & Wilcox Enterprises’s largest product and service line in fiscal 2025, bringing in $241.58M of $587.68M (41%).
| Product and Service | FY 2013 | FY 2016 | FY 2017 | FY 2019 | FY 2020 | FY 2021 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| New Build Steam Generation Systems | — | — | — | ||||||
| B&W Thermal | — | — | — | ||||||
| Bw Thermal | — | — | — | ||||||
| Retrofits | — | — | — | ||||||
| New Build Environmental Equipment | — | — | — | ||||||
| Parts & Technical Services | — | — | — | ||||||
| Aftermarket Parts & Field Engineering Services | — | — | — | ||||||
| Renewable New Build & Services | — | — | — | ||||||
| Construction Services | — | — | — | ||||||
| Projects | $173.66M | $196.73M | $186.91M | ||||||
| New Build Utility & Environmental | — | — | — | ||||||
| Parts | $202.70M | $206.41M | $241.58M | ||||||
| Construction | $211.09M | $177.91M | $159.18M | ||||||
| Industrial Steam Generation | — | — | — | ||||||
| B&W Environmental | — | — | — | ||||||
| Bw Environmental | — | — | — | ||||||
| B&W Renewable | — | — | — | ||||||
| Bw Renewable | — | — | — | ||||||
| Aftermarket Cooling System Services | — | — | — | ||||||
| New Build Cooling Systems | — | — | — | ||||||
| Operations & Maintenance Services | — | — | — | ||||||
| Operations & Maintenance | — | — | — | ||||||
| Volund | — | — | — | ||||||
| Vølund | — | — | — | ||||||
| Spig | — | — | — | ||||||
| B&W Renewable Services | — | — | — | ||||||
| Bw Renewable Services | — | — | — | ||||||
| Gmab | — | — | — | ||||||
| Eliminations | — | — | — | ||||||
| Total | $587.45M | $581.04M | $587.68M |
Babcock & Wilcox Enterprises brought in $587.68M from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 1.1% from $581.04M in fiscal 2024. Parts was the largest at $241.58M (41.1%), ahead of Projects at $186.91M (31.8%) and Construction at $159.18M (27.1%).
Compared with fiscal 2024, Parts grew fastest, up 17.0% to $241.58M, while Construction fell the most, down 10.5% to $159.18M. From fiscal 2023 to 2025, combined revenue from these lines grew from $587.45M to $587.68M, 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 product and service. In fiscal 2025, Held By U.S. Entities was its largest region, bringing in $418.00M (71.1% of the total), followed by Canada at $90.61M (15.4%).
Held By U.S. Entities was Babcock & Wilcox Enterprises' largest region in fiscal 2025, bringing in $418.00M, or 71.1% of the $587.68M total across its six regions.
Parts was Babcock & Wilcox Enterprises' largest product and service line in fiscal 2025, bringing in $241.58M, or 41.1% of the $587.68M total across its three product and service lines.
Among Babcock & Wilcox Enterprises' regions that make up at least 2% of revenue, Canada grew fastest in fiscal 2025, up 29.6% from $69.91M to $90.61M.
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 2016, 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.