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

Babcock & Wilcox Enterprises, Inc. is the larger business by last-quarter revenue ($113.4M vs $66.6M, roughly 1.7× CENTERSPACE). On growth, Babcock & Wilcox Enterprises, Inc. posted the faster year-over-year revenue change (0.6% vs 0.3%). CENTERSPACE produced more free cash flow last quarter ($64.3M vs $-7.2M). Over the past eight quarters, CENTERSPACE's revenue compounded faster (1.6% 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.

Centerspace is a real estate investment company specializing in the ownership, operation, and development of high-quality multifamily residential properties. Its core operating markets cover the U.S. Midwest and Mountain West regions, serving diverse renter segments with both affordable and premium housing options, while focusing on tenant experience and long-term asset value growth.

BW vs CSR — Head-to-Head

Bigger by revenue
BW
BW
1.7× larger
BW
$113.4M
$66.6M
CSR
Growing faster (revenue YoY)
BW
BW
+0.3% gap
BW
0.6%
0.3%
CSR
More free cash flow
CSR
CSR
$71.5M more FCF
CSR
$64.3M
$-7.2M
BW
Faster 2-yr revenue CAGR
CSR
CSR
Annualised
CSR
1.6%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BW
BW
CSR
CSR
Revenue
$113.4M
$66.6M
Net Profit
$-18.4M
Gross Margin
20.6%
96.5%
Operating Margin
0.2%
-15.9%
Net Margin
-27.7%
Revenue YoY
0.6%
0.3%
Net Profit YoY
-262.9%
EPS (diluted)
$0.11
$-1.08

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
CSR
CSR
Q4 25
$113.4M
$66.6M
Q3 25
$149.0M
$71.4M
Q2 25
$144.1M
$68.5M
Q1 25
$181.2M
$67.1M
Q4 24
$112.7M
$66.4M
Q3 24
$152.6M
$65.0M
Q2 24
$151.4M
$65.0M
Q1 24
$164.3M
$64.5M
Net Profit
BW
BW
CSR
CSR
Q4 25
$-18.4M
Q3 25
$35.1M
$53.8M
Q2 25
$-58.5M
$-14.5M
Q1 25
$-22.0M
$-3.7M
Q4 24
$-63.1M
$-5.1M
Q3 24
$-5.3M
$-1.0M
Q2 24
$25.4M
$-1.3M
Q1 24
$-16.8M
$-3.9M
Gross Margin
BW
BW
CSR
CSR
Q4 25
20.6%
96.5%
Q3 25
24.9%
96.5%
Q2 25
30.0%
96.5%
Q1 25
22.1%
96.4%
Q4 24
16.7%
96.5%
Q3 24
23.7%
96.6%
Q2 24
21.8%
96.6%
Q1 24
23.6%
96.4%
Operating Margin
BW
BW
CSR
CSR
Q4 25
0.2%
-15.9%
Q3 25
4.4%
Q2 25
5.6%
-9.9%
Q1 25
3.2%
7.1%
Q4 24
-8.1%
4.3%
Q3 24
1.0%
9.8%
Q2 24
-2.9%
11.1%
Q1 24
3.5%
6.3%
Net Margin
BW
BW
CSR
CSR
Q4 25
-27.7%
Q3 25
23.5%
75.3%
Q2 25
-40.6%
-21.2%
Q1 25
-12.1%
-5.6%
Q4 24
-56.0%
-7.6%
Q3 24
-3.5%
-1.6%
Q2 24
16.8%
-2.0%
Q1 24
-10.2%
-6.1%
EPS (diluted)
BW
BW
CSR
CSR
Q4 25
$0.11
$-1.08
Q3 25
$0.30
$3.19
Q2 25
$-0.63
$-0.87
Q1 25
$-0.26
$-0.22
Q4 24
$-0.73
$-0.31
Q3 24
$-0.10
$-0.40
Q2 24
$0.24
$-0.19
Q1 24
$-0.23
$-0.37

Balance Sheet & Financial Strength

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

Metric
BW
BW
CSR
CSR
Cash + ST InvestmentsLiquidity on hand
$89.5M
$12.8M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$-131.5M
$719.2M
Total Assets
$662.9M
$1.9B
Debt / EquityLower = less leverage
1.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
CSR
CSR
Q4 25
$89.5M
$12.8M
Q3 25
$25.2M
$12.9M
Q2 25
$23.4M
$12.4M
Q1 25
$23.5M
$11.9M
Q4 24
$26.9M
$12.0M
Q3 24
$30.6M
$14.5M
Q2 24
$95.5M
$14.3M
Q1 24
$43.9M
$12.7M
Total Debt
BW
BW
CSR
CSR
Q4 25
$1.0B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$955.5M
Q4 24
$955.4M
Q3 24
$921.3M
Q2 24
$931.7M
Q1 24
$929.1M
Stockholders' Equity
BW
BW
CSR
CSR
Q4 25
$-131.5M
$719.2M
Q3 25
$-232.2M
$748.6M
Q2 25
$-309.2M
$710.1M
Q1 25
$-303.0M
$636.8M
Q4 24
$-283.8M
$752.0M
Q3 24
$-203.7M
$672.5M
Q2 24
$-198.9M
$680.7M
Q1 24
$-223.0M
$688.1M
Total Assets
BW
BW
CSR
CSR
Q4 25
$662.9M
$1.9B
Q3 25
$657.9M
$2.1B
Q2 25
$703.5M
$2.0B
Q1 25
$719.7M
$1.9B
Q4 24
$727.0M
$1.9B
Q3 24
$804.6M
$1.9B
Q2 24
$849.1M
$1.9B
Q1 24
$795.5M
$1.9B
Debt / Equity
BW
BW
CSR
CSR
Q4 25
1.42×
Q3 25
1.53×
Q2 25
1.57×
Q1 25
1.50×
Q4 24
1.27×
Q3 24
1.37×
Q2 24
1.37×
Q1 24
1.35×

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
CSR
CSR
Operating Cash FlowLast quarter
$-3.0M
$98.5M
Free Cash FlowOCF − Capex
$-7.2M
$64.3M
FCF MarginFCF / Revenue
-6.3%
96.5%
Capex IntensityCapex / Revenue
3.7%
51.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-85.7M
$125.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
CSR
CSR
Q4 25
$-3.0M
$98.5M
Q3 25
$-32.1M
$35.1M
Q2 25
$-25.3M
$25.3M
Q1 25
$-8.5M
$25.4M
Q4 24
$-22.5M
$98.2M
Q3 24
$-69.5M
$32.3M
Q2 24
$-11.8M
$22.9M
Q1 24
$-14.9M
$24.4M
Free Cash Flow
BW
BW
CSR
CSR
Q4 25
$-7.2M
$64.3M
Q3 25
$-37.6M
$25.7M
Q2 25
$-28.1M
$15.5M
Q1 25
$-12.8M
$20.4M
Q4 24
$-23.6M
$41.6M
Q3 24
$-71.6M
$20.5M
Q2 24
$-16.4M
$9.1M
Q1 24
$-18.3M
$2.6M
FCF Margin
BW
BW
CSR
CSR
Q4 25
-6.3%
96.5%
Q3 25
-25.3%
36.0%
Q2 25
-19.5%
22.7%
Q1 25
-7.1%
30.4%
Q4 24
-20.9%
62.6%
Q3 24
-46.9%
31.5%
Q2 24
-10.8%
14.0%
Q1 24
-11.2%
4.0%
Capex Intensity
BW
BW
CSR
CSR
Q4 25
3.7%
51.3%
Q3 25
3.7%
13.1%
Q2 25
1.9%
14.2%
Q1 25
2.4%
7.5%
Q4 24
1.0%
85.3%
Q3 24
1.4%
18.2%
Q2 24
3.0%
21.2%
Q1 24
2.1%
33.8%
Cash Conversion
BW
BW
CSR
CSR
Q4 25
Q3 25
-0.92×
0.65×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-0.46×
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%

CSR
CSR

Multi Family Residential$57.3M86%
Other$8.1M12%
Other Property Revenue$1.2M2%

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