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Side-by-side financial comparison of Babcock & Wilcox Enterprises, Inc. (BW) and HANMI FINANCIAL CORP (HAFC). 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 $71.2M, roughly 1.6× HANMI FINANCIAL CORP). On growth, HANMI FINANCIAL CORP posted the faster year-over-year revenue change (17.1% vs 0.6%). HANMI FINANCIAL CORP produced more free cash flow last quarter ($203.7M vs $-7.2M). Over the past eight quarters, HANMI FINANCIAL CORP's revenue compounded faster (10.4% 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.

Hanmi Bank Corporation is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.

BW vs HAFC — Head-to-Head

Bigger by revenue
BW
BW
1.6× larger
BW
$113.4M
$71.2M
HAFC
Growing faster (revenue YoY)
HAFC
HAFC
+16.4% gap
HAFC
17.1%
0.6%
BW
More free cash flow
HAFC
HAFC
$210.9M more FCF
HAFC
$203.7M
$-7.2M
BW
Faster 2-yr revenue CAGR
HAFC
HAFC
Annualised
HAFC
10.4%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BW
BW
HAFC
HAFC
Revenue
$113.4M
$71.2M
Net Profit
$21.2M
Gross Margin
20.6%
Operating Margin
0.2%
29.8%
Net Margin
29.8%
Revenue YoY
0.6%
17.1%
Net Profit YoY
20.0%
EPS (diluted)
$0.11
$0.70

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
HAFC
HAFC
Q4 25
$113.4M
$71.2M
Q3 25
$149.0M
$71.0M
Q2 25
$144.1M
$65.2M
Q1 25
$181.2M
$62.8M
Q4 24
$112.7M
$60.8M
Q3 24
$152.6M
$58.5M
Q2 24
$151.4M
$56.7M
Q1 24
$164.3M
$58.4M
Net Profit
BW
BW
HAFC
HAFC
Q4 25
$21.2M
Q3 25
$35.1M
$22.1M
Q2 25
$-58.5M
$15.1M
Q1 25
$-22.0M
$17.7M
Q4 24
$-63.1M
$17.7M
Q3 24
$-5.3M
$14.9M
Q2 24
$25.4M
$14.5M
Q1 24
$-16.8M
$15.2M
Gross Margin
BW
BW
HAFC
HAFC
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
HAFC
HAFC
Q4 25
0.2%
29.8%
Q3 25
4.4%
31.1%
Q2 25
5.6%
23.2%
Q1 25
3.2%
28.1%
Q4 24
-8.1%
29.1%
Q3 24
1.0%
25.5%
Q2 24
-2.9%
25.5%
Q1 24
3.5%
26.0%
Net Margin
BW
BW
HAFC
HAFC
Q4 25
29.8%
Q3 25
23.5%
31.1%
Q2 25
-40.6%
23.2%
Q1 25
-12.1%
28.1%
Q4 24
-56.0%
29.1%
Q3 24
-3.5%
25.5%
Q2 24
16.8%
25.5%
Q1 24
-10.2%
26.0%
EPS (diluted)
BW
BW
HAFC
HAFC
Q4 25
$0.11
$0.70
Q3 25
$0.30
$0.73
Q2 25
$-0.63
$0.50
Q1 25
$-0.26
$0.58
Q4 24
$-0.73
$0.58
Q3 24
$-0.10
$0.49
Q2 24
$0.24
$0.48
Q1 24
$-0.23
$0.50

Balance Sheet & Financial Strength

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

Metric
BW
BW
HAFC
HAFC
Cash + ST InvestmentsLiquidity on hand
$89.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-131.5M
$796.4M
Total Assets
$662.9M
$7.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
HAFC
HAFC
Q4 25
$89.5M
Q3 25
$25.2M
Q2 25
$23.4M
Q1 25
$23.5M
Q4 24
$26.9M
Q3 24
$30.6M
Q2 24
$95.5M
Q1 24
$43.9M
Stockholders' Equity
BW
BW
HAFC
HAFC
Q4 25
$-131.5M
$796.4M
Q3 25
$-232.2M
$779.5M
Q2 25
$-309.2M
$762.8M
Q1 25
$-303.0M
$751.5M
Q4 24
$-283.8M
$732.2M
Q3 24
$-203.7M
$736.7M
Q2 24
$-198.9M
$707.1M
Q1 24
$-223.0M
$703.1M
Total Assets
BW
BW
HAFC
HAFC
Q4 25
$662.9M
$7.9B
Q3 25
$657.9M
$7.9B
Q2 25
$703.5M
$7.9B
Q1 25
$719.7M
$7.7B
Q4 24
$727.0M
$7.7B
Q3 24
$804.6M
$7.7B
Q2 24
$849.1M
$7.6B
Q1 24
$795.5M
$7.5B

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
HAFC
HAFC
Operating Cash FlowLast quarter
$-3.0M
$206.0M
Free Cash FlowOCF − Capex
$-7.2M
$203.7M
FCF MarginFCF / Revenue
-6.3%
286.2%
Capex IntensityCapex / Revenue
3.7%
3.2%
Cash ConversionOCF / Net Profit
9.70×
TTM Free Cash FlowTrailing 4 quarters
$-85.7M
$356.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
HAFC
HAFC
Q4 25
$-3.0M
$206.0M
Q3 25
$-32.1M
$146.9M
Q2 25
$-25.3M
$-19.0M
Q1 25
$-8.5M
$25.8M
Q4 24
$-22.5M
$52.6M
Q3 24
$-69.5M
$6.7M
Q2 24
$-11.8M
$2.1M
Q1 24
$-14.9M
$30.0M
Free Cash Flow
BW
BW
HAFC
HAFC
Q4 25
$-7.2M
$203.7M
Q3 25
$-37.6M
$146.4M
Q2 25
$-28.1M
$-19.6M
Q1 25
$-12.8M
$25.6M
Q4 24
$-23.6M
$49.9M
Q3 24
$-71.6M
$6.5M
Q2 24
$-16.4M
$1.3M
Q1 24
$-18.3M
$29.2M
FCF Margin
BW
BW
HAFC
HAFC
Q4 25
-6.3%
286.2%
Q3 25
-25.3%
206.3%
Q2 25
-19.5%
-30.0%
Q1 25
-7.1%
40.7%
Q4 24
-20.9%
82.1%
Q3 24
-46.9%
11.1%
Q2 24
-10.8%
2.3%
Q1 24
-11.2%
50.0%
Capex Intensity
BW
BW
HAFC
HAFC
Q4 25
3.7%
3.2%
Q3 25
3.7%
0.8%
Q2 25
1.9%
0.9%
Q1 25
2.4%
0.4%
Q4 24
1.0%
4.3%
Q3 24
1.4%
0.4%
Q2 24
3.0%
1.4%
Q1 24
2.1%
1.4%
Cash Conversion
BW
BW
HAFC
HAFC
Q4 25
9.70×
Q3 25
-0.92×
6.66×
Q2 25
-1.26×
Q1 25
1.46×
Q4 24
2.97×
Q3 24
0.45×
Q2 24
-0.46×
0.14×
Q1 24
1.98×

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%

HAFC
HAFC

Segment breakdown not available.

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