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

Genie Energy Ltd. is the larger business by last-quarter revenue ($138.3M vs $113.4M, roughly 1.2× Babcock & Wilcox Enterprises, Inc.). On growth, Genie Energy Ltd. posted the faster year-over-year revenue change (23.6% vs 0.6%). Over the past eight quarters, Genie Energy Ltd.'s revenue compounded faster (14.8% 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.

Genie Energy Ltd. is an American energy company headquartered in Newark, New Jersey. It is a holding company comprising Genie Retail Energy, Genie Retail Energy International, Genie Energy Services, and Genie Energy Oil and Gas. Michael Stein is the Chief Executive Officer, Genie Energy Ltd.

BW vs GNE — Head-to-Head

Bigger by revenue
GNE
GNE
1.2× larger
GNE
$138.3M
$113.4M
BW
Growing faster (revenue YoY)
GNE
GNE
+23.0% gap
GNE
23.6%
0.6%
BW
Faster 2-yr revenue CAGR
GNE
GNE
Annualised
GNE
14.8%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BW
BW
GNE
GNE
Revenue
$113.4M
$138.3M
Net Profit
$6.7M
Gross Margin
20.6%
21.7%
Operating Margin
0.2%
5.0%
Net Margin
4.9%
Revenue YoY
0.6%
23.6%
Net Profit YoY
-33.9%
EPS (diluted)
$0.11
$0.26

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
GNE
GNE
Q4 25
$113.4M
Q3 25
$149.0M
$138.3M
Q2 25
$144.1M
$105.3M
Q1 25
$181.2M
$136.8M
Q4 24
$112.7M
$102.9M
Q3 24
$152.6M
$111.9M
Q2 24
$151.4M
$90.7M
Q1 24
$164.3M
$119.7M
Net Profit
BW
BW
GNE
GNE
Q4 25
Q3 25
$35.1M
$6.7M
Q2 25
$-58.5M
$2.8M
Q1 25
$-22.0M
$10.3M
Q4 24
$-63.1M
$-15.3M
Q3 24
$-5.3M
$10.2M
Q2 24
$25.4M
$9.6M
Q1 24
$-16.8M
$8.1M
Gross Margin
BW
BW
GNE
GNE
Q4 25
20.6%
Q3 25
24.9%
21.7%
Q2 25
30.0%
22.3%
Q1 25
22.1%
27.3%
Q4 24
16.7%
32.5%
Q3 24
23.7%
33.9%
Q2 24
21.8%
36.8%
Q1 24
23.6%
28.2%
Operating Margin
BW
BW
GNE
GNE
Q4 25
0.2%
Q3 25
4.4%
5.0%
Q2 25
5.6%
1.9%
Q1 25
3.2%
9.4%
Q4 24
-8.1%
-20.2%
Q3 24
1.0%
10.4%
Q2 24
-2.9%
11.6%
Q1 24
3.5%
8.2%
Net Margin
BW
BW
GNE
GNE
Q4 25
Q3 25
23.5%
4.9%
Q2 25
-40.6%
2.7%
Q1 25
-12.1%
7.5%
Q4 24
-56.0%
-14.9%
Q3 24
-3.5%
9.1%
Q2 24
16.8%
10.6%
Q1 24
-10.2%
6.8%
EPS (diluted)
BW
BW
GNE
GNE
Q4 25
$0.11
Q3 25
$0.30
$0.26
Q2 25
$-0.63
$0.11
Q1 25
$-0.26
$0.40
Q4 24
$-0.73
$-0.58
Q3 24
$-0.10
$0.38
Q2 24
$0.24
$0.36
Q1 24
$-0.23
$0.30

Balance Sheet & Financial Strength

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

Metric
BW
BW
GNE
GNE
Cash + ST InvestmentsLiquidity on hand
$89.5M
$109.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-131.5M
$198.8M
Total Assets
$662.9M
$394.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
GNE
GNE
Q4 25
$89.5M
Q3 25
$25.2M
$109.8M
Q2 25
$23.4M
$106.0M
Q1 25
$23.5M
$118.3M
Q4 24
$26.9M
$110.1M
Q3 24
$30.6M
$141.8M
Q2 24
$95.5M
$126.8M
Q1 24
$43.9M
$106.9M
Stockholders' Equity
BW
BW
GNE
GNE
Q4 25
$-131.5M
Q3 25
$-232.2M
$198.8M
Q2 25
$-309.2M
$197.0M
Q1 25
$-303.0M
$198.0M
Q4 24
$-283.8M
$190.5M
Q3 24
$-203.7M
$211.1M
Q2 24
$-198.9M
$202.1M
Q1 24
$-223.0M
$192.9M
Total Assets
BW
BW
GNE
GNE
Q4 25
$662.9M
Q3 25
$657.9M
$394.1M
Q2 25
$703.5M
$383.1M
Q1 25
$719.7M
$384.4M
Q4 24
$727.0M
$371.3M
Q3 24
$804.6M
$341.7M
Q2 24
$849.1M
$322.8M
Q1 24
$795.5M
$328.3M

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
GNE
GNE
Operating Cash FlowLast quarter
$-3.0M
$13.9M
Free Cash FlowOCF − Capex
$-7.2M
FCF MarginFCF / Revenue
-6.3%
Capex IntensityCapex / Revenue
3.7%
Cash ConversionOCF / Net Profit
2.07×
TTM Free Cash FlowTrailing 4 quarters
$-85.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
GNE
GNE
Q4 25
$-3.0M
Q3 25
$-32.1M
$13.9M
Q2 25
$-25.3M
$1.1M
Q1 25
$-8.5M
$15.3M
Q4 24
$-22.5M
$13.0M
Q3 24
$-69.5M
$24.4M
Q2 24
$-11.8M
$20.4M
Q1 24
$-14.9M
$12.9M
Free Cash Flow
BW
BW
GNE
GNE
Q4 25
$-7.2M
Q3 25
$-37.6M
Q2 25
$-28.1M
Q1 25
$-12.8M
$13.6M
Q4 24
$-23.6M
Q3 24
$-71.6M
$21.9M
Q2 24
$-16.4M
$20.1M
Q1 24
$-18.3M
$11.7M
FCF Margin
BW
BW
GNE
GNE
Q4 25
-6.3%
Q3 25
-25.3%
Q2 25
-19.5%
Q1 25
-7.1%
9.9%
Q4 24
-20.9%
Q3 24
-46.9%
19.6%
Q2 24
-10.8%
22.1%
Q1 24
-11.2%
9.8%
Capex Intensity
BW
BW
GNE
GNE
Q4 25
3.7%
Q3 25
3.7%
Q2 25
1.9%
Q1 25
2.4%
1.3%
Q4 24
1.0%
Q3 24
1.4%
2.2%
Q2 24
3.0%
0.4%
Q1 24
2.1%
1.0%
Cash Conversion
BW
BW
GNE
GNE
Q4 25
Q3 25
-0.92×
2.07×
Q2 25
0.40×
Q1 25
1.49×
Q4 24
Q3 24
2.39×
Q2 24
-0.46×
2.12×
Q1 24
1.59×

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%

GNE
GNE

Sales Channel Directly To Consumer$108.8M79%
Sales Channel Through Intermediary$23.5M17%
Genie Renewables GREW$6.0M4%

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