vs

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

INTERNATIONAL BANCSHARES CORP is the larger business by last-quarter revenue ($217.7M vs $113.4M, roughly 1.9× Babcock & Wilcox Enterprises, Inc.). On growth, INTERNATIONAL BANCSHARES CORP posted the faster year-over-year revenue change (4.5% vs 0.6%). INTERNATIONAL BANCSHARES CORP produced more free cash flow last quarter ($472.9M vs $-7.2M). Over the past eight quarters, INTERNATIONAL BANCSHARES CORP's revenue compounded faster (2.8% 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.

International Bancshares Corporation is a bank holding company based in Laredo, Texas whose primary subsidiary is International Bank of Commerce. Through its bank subsidiaries, it has 217 banking offices and 315 automated teller machines serving 88 communities in the U.S. states of Texas and Oklahoma.

BW vs IBOC — Head-to-Head

Bigger by revenue
IBOC
IBOC
1.9× larger
IBOC
$217.7M
$113.4M
BW
Growing faster (revenue YoY)
IBOC
IBOC
+3.9% gap
IBOC
4.5%
0.6%
BW
More free cash flow
IBOC
IBOC
$480.1M more FCF
IBOC
$472.9M
$-7.2M
BW
Faster 2-yr revenue CAGR
IBOC
IBOC
Annualised
IBOC
2.8%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BW
BW
IBOC
IBOC
Revenue
$113.4M
$217.7M
Net Profit
$106.9M
Gross Margin
20.6%
Operating Margin
0.2%
62.8%
Net Margin
62.3%
Revenue YoY
0.6%
4.5%
Net Profit YoY
-7.1%
EPS (diluted)
$0.11
$1.71

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
IBOC
IBOC
Q4 25
$113.4M
$217.7M
Q3 25
$149.0M
$218.1M
Q2 25
$144.1M
$208.2M
Q1 25
$181.2M
$198.2M
Q4 24
$112.7M
$208.3M
Q3 24
$152.6M
$211.8M
Q2 24
$151.4M
$207.8M
Q1 24
$164.3M
$205.8M
Net Profit
BW
BW
IBOC
IBOC
Q4 25
$106.9M
Q3 25
$35.1M
$108.4M
Q2 25
$-58.5M
$100.1M
Q1 25
$-22.0M
$96.9M
Q4 24
$-63.1M
$115.1M
Q3 24
$-5.3M
$99.8M
Q2 24
$25.4M
$97.0M
Q1 24
$-16.8M
$97.3M
Gross Margin
BW
BW
IBOC
IBOC
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
IBOC
IBOC
Q4 25
0.2%
62.8%
Q3 25
4.4%
62.6%
Q2 25
5.6%
60.5%
Q1 25
3.2%
61.1%
Q4 24
-8.1%
64.2%
Q3 24
1.0%
60.0%
Q2 24
-2.9%
60.1%
Q1 24
3.5%
59.9%
Net Margin
BW
BW
IBOC
IBOC
Q4 25
62.3%
Q3 25
23.5%
49.7%
Q2 25
-40.6%
48.1%
Q1 25
-12.1%
48.9%
Q4 24
-56.0%
71.5%
Q3 24
-3.5%
47.1%
Q2 24
16.8%
46.7%
Q1 24
-10.2%
47.3%
EPS (diluted)
BW
BW
IBOC
IBOC
Q4 25
$0.11
$1.71
Q3 25
$0.30
$1.74
Q2 25
$-0.63
$1.61
Q1 25
$-0.26
$1.56
Q4 24
$-0.73
$1.85
Q3 24
$-0.10
$1.60
Q2 24
$0.24
$1.56
Q1 24
$-0.23
$1.56

Balance Sheet & Financial Strength

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

Metric
BW
BW
IBOC
IBOC
Cash + ST InvestmentsLiquidity on hand
$89.5M
$5.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$-131.5M
$3.3B
Total Assets
$662.9M
$16.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
IBOC
IBOC
Q4 25
$89.5M
$5.5B
Q3 25
$25.2M
$5.6B
Q2 25
$23.4M
$5.8B
Q1 25
$23.5M
$5.6B
Q4 24
$26.9M
$5.4B
Q3 24
$30.6M
$5.8B
Q2 24
$95.5M
$5.7B
Q1 24
$43.9M
$5.7B
Stockholders' Equity
BW
BW
IBOC
IBOC
Q4 25
$-131.5M
$3.3B
Q3 25
$-232.2M
$3.1B
Q2 25
$-309.2M
$3.0B
Q1 25
$-303.0M
$2.9B
Q4 24
$-283.8M
$2.8B
Q3 24
$-203.7M
$2.7B
Q2 24
$-198.9M
$2.6B
Q1 24
$-223.0M
$2.5B
Total Assets
BW
BW
IBOC
IBOC
Q4 25
$662.9M
$16.6B
Q3 25
$657.9M
$16.6B
Q2 25
$703.5M
$16.5B
Q1 25
$719.7M
$16.3B
Q4 24
$727.0M
$15.7B
Q3 24
$804.6M
$15.9B
Q2 24
$849.1M
$15.5B
Q1 24
$795.5M
$15.4B

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
IBOC
IBOC
Operating Cash FlowLast quarter
$-3.0M
$491.1M
Free Cash FlowOCF − Capex
$-7.2M
$472.9M
FCF MarginFCF / Revenue
-6.3%
217.2%
Capex IntensityCapex / Revenue
3.7%
8.3%
Cash ConversionOCF / Net Profit
4.59×
TTM Free Cash FlowTrailing 4 quarters
$-85.7M
$809.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
IBOC
IBOC
Q4 25
$-3.0M
$491.1M
Q3 25
$-32.1M
$115.2M
Q2 25
$-25.3M
$95.5M
Q1 25
$-8.5M
$140.5M
Q4 24
$-22.5M
$473.9M
Q3 24
$-69.5M
$116.5M
Q2 24
$-11.8M
$107.2M
Q1 24
$-14.9M
$135.4M
Free Cash Flow
BW
BW
IBOC
IBOC
Q4 25
$-7.2M
$472.9M
Q3 25
$-37.6M
$112.2M
Q2 25
$-28.1M
$91.6M
Q1 25
$-12.8M
$133.1M
Q4 24
$-23.6M
$459.8M
Q3 24
$-71.6M
$109.6M
Q2 24
$-16.4M
$104.9M
Q1 24
$-18.3M
$128.9M
FCF Margin
BW
BW
IBOC
IBOC
Q4 25
-6.3%
217.2%
Q3 25
-25.3%
51.5%
Q2 25
-19.5%
44.0%
Q1 25
-7.1%
67.1%
Q4 24
-20.9%
220.8%
Q3 24
-46.9%
51.7%
Q2 24
-10.8%
50.5%
Q1 24
-11.2%
62.6%
Capex Intensity
BW
BW
IBOC
IBOC
Q4 25
3.7%
8.3%
Q3 25
3.7%
1.3%
Q2 25
1.9%
1.9%
Q1 25
2.4%
3.7%
Q4 24
1.0%
6.8%
Q3 24
1.4%
3.3%
Q2 24
3.0%
1.1%
Q1 24
2.1%
3.2%
Cash Conversion
BW
BW
IBOC
IBOC
Q4 25
4.59×
Q3 25
-0.92×
1.06×
Q2 25
0.95×
Q1 25
1.45×
Q4 24
4.12×
Q3 24
1.17×
Q2 24
-0.46×
1.11×
Q1 24
1.39×

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%

IBOC
IBOC

Segment breakdown not available.

Related Comparisons