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Side-by-side financial comparison of Babcock & Wilcox Enterprises, Inc. (BW) and CATO CORP (CATO). Click either name above to swap in a different company.

CATO CORP is the larger business by last-quarter revenue ($155.4M vs $113.4M, roughly 1.4× Babcock & Wilcox Enterprises, Inc.). On growth, CATO CORP posted the faster year-over-year revenue change (6.3% vs 0.6%). Babcock & Wilcox Enterprises, Inc. produced more free cash flow last quarter ($-7.2M vs $-12.9M). Over the past eight quarters, CATO CORP's revenue compounded faster (-5.7% CAGR vs -16.9%).

Babcock & Wilcox Enterprises, Inc. is an American energy technology and service provider that is active and has operations in many international markets with its headquarters in Akron, Ohio. Historically, the company is best known for their steam boilers.

The Cato Corporation is an American retailer of women's fashions and accessories. The company is headquartered in Charlotte, North Carolina. As of January 2016, the company operated 1,372 stores under the names Cato, Cato Plus, It's Fashion, It's Fashion Metro and Versona.

BW vs CATO — Head-to-Head

Bigger by revenue
CATO
CATO
1.4× larger
CATO
$155.4M
$113.4M
BW
Growing faster (revenue YoY)
CATO
CATO
+5.7% gap
CATO
6.3%
0.6%
BW
More free cash flow
BW
BW
$5.8M more FCF
BW
$-7.2M
$-12.9M
CATO
Faster 2-yr revenue CAGR
CATO
CATO
Annualised
CATO
-5.7%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BW
BW
CATO
CATO
Revenue
$113.4M
$155.4M
Net Profit
$-5.2M
Gross Margin
20.6%
32.7%
Operating Margin
0.2%
-5.3%
Net Margin
-3.3%
Revenue YoY
0.6%
6.3%
Net Profit YoY
65.6%
EPS (diluted)
$0.11
$-0.28

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BW
BW
CATO
CATO
Q4 25
$113.4M
$155.4M
Q3 25
$149.0M
$176.5M
Q2 25
$144.1M
$170.2M
Q1 25
$181.2M
$157.9M
Q4 24
$112.7M
$146.2M
Q3 24
$152.6M
$168.6M
Q2 24
$151.4M
$177.1M
Q1 24
$164.3M
$174.9M
Net Profit
BW
BW
CATO
CATO
Q4 25
$-5.2M
Q3 25
$35.1M
$6.8M
Q2 25
$-58.5M
$3.3M
Q1 25
$-22.0M
$-14.1M
Q4 24
$-63.1M
$-15.1M
Q3 24
$-5.3M
$95.0K
Q2 24
$25.4M
$11.0M
Q1 24
$-16.8M
Gross Margin
BW
BW
CATO
CATO
Q4 25
20.6%
32.7%
Q3 25
24.9%
36.8%
Q2 25
30.0%
35.8%
Q1 25
22.1%
29.2%
Q4 24
16.7%
29.6%
Q3 24
23.7%
35.3%
Q2 24
21.8%
36.5%
Q1 24
23.6%
32.1%
Operating Margin
BW
BW
CATO
CATO
Q4 25
0.2%
-5.3%
Q3 25
4.4%
3.1%
Q2 25
5.6%
2.0%
Q1 25
3.2%
-15.2%
Q4 24
-8.1%
-11.6%
Q3 24
1.0%
-0.4%
Q2 24
-2.9%
3.5%
Q1 24
3.5%
-9.5%
Net Margin
BW
BW
CATO
CATO
Q4 25
-3.3%
Q3 25
23.5%
3.9%
Q2 25
-40.6%
1.9%
Q1 25
-12.1%
-8.9%
Q4 24
-56.0%
-10.3%
Q3 24
-3.5%
0.1%
Q2 24
16.8%
6.2%
Q1 24
-10.2%
EPS (diluted)
BW
BW
CATO
CATO
Q4 25
$0.11
$-0.28
Q3 25
$0.30
$0.35
Q2 25
$-0.63
$0.17
Q1 25
$-0.26
$-0.73
Q4 24
$-0.73
$-0.79
Q3 24
$-0.10
$0.01
Q2 24
$0.24
$0.54
Q1 24
$-0.23
$-1.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BW
BW
CATO
CATO
Cash + ST InvestmentsLiquidity on hand
$89.5M
$79.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-131.5M
$167.6M
Total Assets
$662.9M
$450.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
CATO
CATO
Q4 25
$89.5M
$79.0M
Q3 25
$25.2M
$90.8M
Q2 25
$23.4M
$80.0M
Q1 25
$23.5M
$77.7M
Q4 24
$26.9M
$86.2M
Q3 24
$30.6M
$104.7M
Q2 24
$95.5M
$105.4M
Q1 24
$43.9M
$103.0M
Stockholders' Equity
BW
BW
CATO
CATO
Q4 25
$-131.5M
$167.6M
Q3 25
$-232.2M
$172.2M
Q2 25
$-309.2M
$164.9M
Q1 25
$-303.0M
$162.3M
Q4 24
$-283.8M
$177.1M
Q3 24
$-203.7M
$195.1M
Q2 24
$-198.9M
$196.9M
Q1 24
$-223.0M
$192.3M
Total Assets
BW
BW
CATO
CATO
Q4 25
$662.9M
$450.2M
Q3 25
$657.9M
$436.9M
Q2 25
$703.5M
$440.8M
Q1 25
$719.7M
$452.4M
Q4 24
$727.0M
$424.4M
Q3 24
$804.6M
$455.6M
Q2 24
$849.1M
$477.1M
Q1 24
$795.5M
$486.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BW
BW
CATO
CATO
Operating Cash FlowLast quarter
$-3.0M
$-12.4M
Free Cash FlowOCF − Capex
$-7.2M
$-12.9M
FCF MarginFCF / Revenue
-6.3%
-8.3%
Capex IntensityCapex / Revenue
3.7%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-85.7M
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
CATO
CATO
Q4 25
$-3.0M
$-12.4M
Q3 25
$-32.1M
$11.8M
Q2 25
$-25.3M
$3.9M
Q1 25
$-8.5M
$-6.5M
Q4 24
$-22.5M
$-22.1M
Q3 24
$-69.5M
$3.1M
Q2 24
$-11.8M
$5.7M
Q1 24
$-14.9M
$-11.2M
Free Cash Flow
BW
BW
CATO
CATO
Q4 25
$-7.2M
$-12.9M
Q3 25
$-37.6M
$10.4M
Q2 25
$-28.1M
$2.8M
Q1 25
$-12.8M
$-7.8M
Q4 24
$-23.6M
$-23.8M
Q3 24
$-71.6M
$1.6M
Q2 24
$-16.4M
$2.4M
Q1 24
$-18.3M
$-13.5M
FCF Margin
BW
BW
CATO
CATO
Q4 25
-6.3%
-8.3%
Q3 25
-25.3%
5.9%
Q2 25
-19.5%
1.7%
Q1 25
-7.1%
-5.0%
Q4 24
-20.9%
-16.3%
Q3 24
-46.9%
0.9%
Q2 24
-10.8%
1.4%
Q1 24
-11.2%
-7.7%
Capex Intensity
BW
BW
CATO
CATO
Q4 25
3.7%
0.3%
Q3 25
3.7%
0.8%
Q2 25
1.9%
0.6%
Q1 25
2.4%
0.9%
Q4 24
1.0%
1.2%
Q3 24
1.4%
0.9%
Q2 24
3.0%
1.8%
Q1 24
2.1%
1.3%
Cash Conversion
BW
BW
CATO
CATO
Q4 25
Q3 25
-0.92×
1.72×
Q2 25
1.17×
Q1 25
Q4 24
Q3 24
32.95×
Q2 24
-0.46×
0.52×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BW
BW

Construction$98.8M87%
Other$14.6M13%

CATO
CATO

Retail Segment$154.7M100%
Credit Card$5.3M3%

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