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

CBL & ASSOCIATES PROPERTIES INC is the larger business by last-quarter revenue ($156.4M vs $113.4M, roughly 1.4× Babcock & Wilcox Enterprises, Inc.). On growth, CBL & ASSOCIATES PROPERTIES INC posted the faster year-over-year revenue change (18.8% vs 0.6%). Over the past eight quarters, CBL & ASSOCIATES PROPERTIES INC's revenue compounded faster (10.1% 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.

CBL & Associates Properties, Inc. is an American real estate investment trust that invests in shopping centers and shopping malls, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. Its largest market is Chattanooga, Tennessee. The company's name is based on the initials of its founder, Charles B. Lebovitz.

BW vs CBL — Head-to-Head

Bigger by revenue
CBL
CBL
1.4× larger
CBL
$156.4M
$113.4M
BW
Growing faster (revenue YoY)
CBL
CBL
+18.1% gap
CBL
18.8%
0.6%
BW
Faster 2-yr revenue CAGR
CBL
CBL
Annualised
CBL
10.1%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BW
BW
CBL
CBL
Revenue
$113.4M
$156.4M
Net Profit
$49.0M
Gross Margin
20.6%
Operating Margin
0.2%
Net Margin
31.3%
Revenue YoY
0.6%
18.8%
Net Profit YoY
29.0%
EPS (diluted)
$0.11
$1.61

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
CBL
CBL
Q4 25
$113.4M
$156.4M
Q3 25
$149.0M
$139.3M
Q2 25
$144.1M
$140.9M
Q1 25
$181.2M
$141.8M
Q4 24
$112.7M
$131.7M
Q3 24
$152.6M
$125.1M
Q2 24
$151.4M
$129.7M
Q1 24
$164.3M
$129.1M
Net Profit
BW
BW
CBL
CBL
Q4 25
$49.0M
Q3 25
$35.1M
$75.4M
Q2 25
$-58.5M
$2.8M
Q1 25
$-22.0M
$8.8M
Q4 24
$-63.1M
$38.0M
Q3 24
$-5.3M
$16.2M
Q2 24
$25.4M
$4.7M
Q1 24
$-16.8M
$50.0K
Gross Margin
BW
BW
CBL
CBL
Q4 25
20.6%
Q3 25
24.9%
Q2 25
30.0%
Q1 25
22.1%
Q4 24
16.7%
Q3 24
23.7%
Q2 24
21.8%
Q1 24
23.6%
Operating Margin
BW
BW
CBL
CBL
Q4 25
0.2%
Q3 25
4.4%
Q2 25
5.6%
Q1 25
3.2%
Q4 24
-8.1%
Q3 24
1.0%
Q2 24
-2.9%
Q1 24
3.5%
Net Margin
BW
BW
CBL
CBL
Q4 25
31.3%
Q3 25
23.5%
54.2%
Q2 25
-40.6%
2.0%
Q1 25
-12.1%
6.2%
Q4 24
-56.0%
28.8%
Q3 24
-3.5%
12.9%
Q2 24
16.8%
3.7%
Q1 24
-10.2%
0.0%
EPS (diluted)
BW
BW
CBL
CBL
Q4 25
$0.11
$1.61
Q3 25
$0.30
$2.38
Q2 25
$-0.63
$0.08
Q1 25
$-0.26
$0.27
Q4 24
$-0.73
$1.22
Q3 24
$-0.10
$0.52
Q2 24
$0.24
$0.14
Q1 24
$-0.23
$-0.01

Balance Sheet & Financial Strength

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

Metric
BW
BW
CBL
CBL
Cash + ST InvestmentsLiquidity on hand
$89.5M
$42.3M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$-131.5M
$374.9M
Total Assets
$662.9M
$2.7B
Debt / EquityLower = less leverage
5.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
CBL
CBL
Q4 25
$89.5M
$42.3M
Q3 25
$25.2M
$52.6M
Q2 25
$23.4M
$100.3M
Q1 25
$23.5M
$100.3M
Q4 24
$26.9M
$40.8M
Q3 24
$30.6M
$65.1M
Q2 24
$95.5M
$57.7M
Q1 24
$43.9M
$57.7M
Total Debt
BW
BW
CBL
CBL
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.1B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$1.8B
Q2 24
$1.9B
Q1 24
$1.9B
Stockholders' Equity
BW
BW
CBL
CBL
Q4 25
$-131.5M
$374.9M
Q3 25
$-232.2M
$351.4M
Q2 25
$-309.2M
$289.4M
Q1 25
$-303.0M
$295.0M
Q4 24
$-283.8M
$323.5M
Q3 24
$-203.7M
$308.3M
Q2 24
$-198.9M
$308.8M
Q1 24
$-223.0M
$324.2M
Total Assets
BW
BW
CBL
CBL
Q4 25
$662.9M
$2.7B
Q3 25
$657.9M
$2.7B
Q2 25
$703.5M
$2.6B
Q1 25
$719.7M
$2.6B
Q4 24
$727.0M
$2.7B
Q3 24
$804.6M
$2.2B
Q2 24
$849.1M
$2.3B
Q1 24
$795.5M
$2.3B
Debt / Equity
BW
BW
CBL
CBL
Q4 25
5.79×
Q3 25
6.21×
Q2 25
7.39×
Q1 25
7.29×
Q4 24
6.84×
Q3 24
5.76×
Q2 24
6.00×
Q1 24
5.74×

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
CBL
CBL
Operating Cash FlowLast quarter
$-3.0M
$249.7M
Free Cash FlowOCF − Capex
$-7.2M
FCF MarginFCF / Revenue
-6.3%
Capex IntensityCapex / Revenue
3.7%
Cash ConversionOCF / Net Profit
5.10×
TTM Free Cash FlowTrailing 4 quarters
$-85.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
CBL
CBL
Q4 25
$-3.0M
$249.7M
Q3 25
$-32.1M
$69.6M
Q2 25
$-25.3M
$68.3M
Q1 25
$-8.5M
$31.7M
Q4 24
$-22.5M
$202.2M
Q3 24
$-69.5M
$61.1M
Q2 24
$-11.8M
$64.2M
Q1 24
$-14.9M
$30.7M
Free Cash Flow
BW
BW
CBL
CBL
Q4 25
$-7.2M
Q3 25
$-37.6M
Q2 25
$-28.1M
Q1 25
$-12.8M
Q4 24
$-23.6M
Q3 24
$-71.6M
$46.0M
Q2 24
$-16.4M
$54.8M
Q1 24
$-18.3M
$24.7M
FCF Margin
BW
BW
CBL
CBL
Q4 25
-6.3%
Q3 25
-25.3%
Q2 25
-19.5%
Q1 25
-7.1%
Q4 24
-20.9%
Q3 24
-46.9%
36.8%
Q2 24
-10.8%
42.2%
Q1 24
-11.2%
19.1%
Capex Intensity
BW
BW
CBL
CBL
Q4 25
3.7%
Q3 25
3.7%
Q2 25
1.9%
Q1 25
2.4%
Q4 24
1.0%
Q3 24
1.4%
12.1%
Q2 24
3.0%
7.3%
Q1 24
2.1%
4.7%
Cash Conversion
BW
BW
CBL
CBL
Q4 25
5.10×
Q3 25
-0.92×
0.92×
Q2 25
24.74×
Q1 25
3.60×
Q4 24
5.32×
Q3 24
3.77×
Q2 24
-0.46×
13.54×
Q1 24
614.76×

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%

CBL
CBL

Segment breakdown not available.

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