vs

Side-by-side financial comparison of Babcock & Wilcox Enterprises, Inc. (BW) and LUXFER HOLDINGS PLC (LXFR). 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 $90.7M, roughly 1.3× LUXFER HOLDINGS PLC). On growth, Babcock & Wilcox Enterprises, Inc. posted the faster year-over-year revenue change (0.6% vs -12.3%). LUXFER HOLDINGS PLC produced more free cash flow last quarter ($12.4M vs $-7.2M). Over the past eight quarters, LUXFER HOLDINGS PLC's revenue compounded faster (0.7% 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.

Luxfer Holdings PLC is a global industrial manufacturer specializing in high-performance engineering materials and components. Its core products include lightweight aluminum and composite gas containment systems, advanced alloys, and specialty materials, serving key sectors such as aerospace, healthcare, automotive, industrial manufacturing, and alternative energy worldwide.

BW vs LXFR — Head-to-Head

Bigger by revenue
BW
BW
1.3× larger
BW
$113.4M
$90.7M
LXFR
Growing faster (revenue YoY)
BW
BW
+12.9% gap
BW
0.6%
-12.3%
LXFR
More free cash flow
LXFR
LXFR
$19.6M more FCF
LXFR
$12.4M
$-7.2M
BW
Faster 2-yr revenue CAGR
LXFR
LXFR
Annualised
LXFR
0.7%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BW
BW
LXFR
LXFR
Revenue
$113.4M
$90.7M
Net Profit
$-3.1M
Gross Margin
20.6%
24.4%
Operating Margin
0.2%
3.6%
Net Margin
-3.4%
Revenue YoY
0.6%
-12.3%
Net Profit YoY
-188.6%
EPS (diluted)
$0.11
$-0.12

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
LXFR
LXFR
Q4 25
$113.4M
$90.7M
Q3 25
$149.0M
$92.9M
Q2 25
$144.1M
$104.0M
Q1 25
$181.2M
$97.0M
Q4 24
$112.7M
$103.4M
Q3 24
$152.6M
$99.4M
Q2 24
$151.4M
$99.7M
Q1 24
$164.3M
$89.4M
Net Profit
BW
BW
LXFR
LXFR
Q4 25
$-3.1M
Q3 25
$35.1M
$2.7M
Q2 25
$-58.5M
$2.6M
Q1 25
$-22.0M
$5.5M
Q4 24
$-63.1M
$3.5M
Q3 24
$-5.3M
$12.7M
Q2 24
$25.4M
$-500.0K
Q1 24
$-16.8M
$2.7M
Gross Margin
BW
BW
LXFR
LXFR
Q4 25
20.6%
24.4%
Q3 25
24.9%
23.4%
Q2 25
30.0%
23.1%
Q1 25
22.1%
22.1%
Q4 24
16.7%
22.1%
Q3 24
23.7%
22.5%
Q2 24
21.8%
22.1%
Q1 24
23.6%
20.6%
Operating Margin
BW
BW
LXFR
LXFR
Q4 25
0.2%
3.6%
Q3 25
4.4%
5.8%
Q2 25
5.6%
7.4%
Q1 25
3.2%
7.8%
Q4 24
-8.1%
3.9%
Q3 24
1.0%
17.5%
Q2 24
-2.9%
3.8%
Q1 24
3.5%
5.5%
Net Margin
BW
BW
LXFR
LXFR
Q4 25
-3.4%
Q3 25
23.5%
2.9%
Q2 25
-40.6%
2.5%
Q1 25
-12.1%
5.7%
Q4 24
-56.0%
3.4%
Q3 24
-3.5%
12.8%
Q2 24
16.8%
-0.5%
Q1 24
-10.2%
3.0%
EPS (diluted)
BW
BW
LXFR
LXFR
Q4 25
$0.11
$-0.12
Q3 25
$0.30
$0.10
Q2 25
$-0.63
$0.10
Q1 25
$-0.26
$0.20
Q4 24
$-0.73
$0.13
Q3 24
$-0.10
$0.47
Q2 24
$0.24
$-0.02
Q1 24
$-0.23
$0.10

Balance Sheet & Financial Strength

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

Metric
BW
BW
LXFR
LXFR
Cash + ST InvestmentsLiquidity on hand
$89.5M
$8.3M
Total DebtLower is stronger
$39.4M
Stockholders' EquityBook value
$-131.5M
$226.4M
Total Assets
$662.9M
$369.7M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
LXFR
LXFR
Q4 25
$89.5M
$8.3M
Q3 25
$25.2M
$6.0M
Q2 25
$23.4M
$4.4M
Q1 25
$23.5M
$4.1M
Q4 24
$26.9M
$4.1M
Q3 24
$30.6M
$3.5M
Q2 24
$95.5M
$4.3M
Q1 24
$43.9M
$6.8M
Total Debt
BW
BW
LXFR
LXFR
Q4 25
$39.4M
Q3 25
$43.3M
Q2 25
$52.6M
Q1 25
$46.0M
Q4 24
$45.1M
Q3 24
$69.5M
Q2 24
$74.2M
Q1 24
$78.4M
Stockholders' Equity
BW
BW
LXFR
LXFR
Q4 25
$-131.5M
$226.4M
Q3 25
$-232.2M
$231.6M
Q2 25
$-309.2M
$237.7M
Q1 25
$-303.0M
$226.7M
Q4 24
$-283.8M
$219.5M
Q3 24
$-203.7M
$225.1M
Q2 24
$-198.9M
$206.3M
Q1 24
$-223.0M
$210.3M
Total Assets
BW
BW
LXFR
LXFR
Q4 25
$662.9M
$369.7M
Q3 25
$657.9M
$377.4M
Q2 25
$703.5M
$399.2M
Q1 25
$719.7M
$385.2M
Q4 24
$727.0M
$382.4M
Q3 24
$804.6M
$404.8M
Q2 24
$849.1M
$379.8M
Q1 24
$795.5M
$386.0M
Debt / Equity
BW
BW
LXFR
LXFR
Q4 25
0.17×
Q3 25
0.19×
Q2 25
0.22×
Q1 25
0.20×
Q4 24
0.21×
Q3 24
0.31×
Q2 24
0.36×
Q1 24
0.37×

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
LXFR
LXFR
Operating Cash FlowLast quarter
$-3.0M
$15.6M
Free Cash FlowOCF − Capex
$-7.2M
$12.4M
FCF MarginFCF / Revenue
-6.3%
13.7%
Capex IntensityCapex / Revenue
3.7%
3.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-85.7M
$26.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
LXFR
LXFR
Q4 25
$-3.0M
$15.6M
Q3 25
$-32.1M
$11.8M
Q2 25
$-25.3M
$1.2M
Q1 25
$-8.5M
$5.4M
Q4 24
$-22.5M
$25.5M
Q3 24
$-69.5M
$13.0M
Q2 24
$-11.8M
$8.9M
Q1 24
$-14.9M
$3.7M
Free Cash Flow
BW
BW
LXFR
LXFR
Q4 25
$-7.2M
$12.4M
Q3 25
$-37.6M
$10.3M
Q2 25
$-28.1M
$-700.0K
Q1 25
$-12.8M
$4.2M
Q4 24
$-23.6M
$22.5M
Q3 24
$-71.6M
$9.8M
Q2 24
$-16.4M
$6.2M
Q1 24
$-18.3M
$2.3M
FCF Margin
BW
BW
LXFR
LXFR
Q4 25
-6.3%
13.7%
Q3 25
-25.3%
11.1%
Q2 25
-19.5%
-0.7%
Q1 25
-7.1%
4.3%
Q4 24
-20.9%
21.8%
Q3 24
-46.9%
9.9%
Q2 24
-10.8%
6.2%
Q1 24
-11.2%
2.6%
Capex Intensity
BW
BW
LXFR
LXFR
Q4 25
3.7%
3.5%
Q3 25
3.7%
1.6%
Q2 25
1.9%
1.8%
Q1 25
2.4%
1.2%
Q4 24
1.0%
2.9%
Q3 24
1.4%
3.2%
Q2 24
3.0%
2.7%
Q1 24
2.1%
1.6%
Cash Conversion
BW
BW
LXFR
LXFR
Q4 25
Q3 25
-0.92×
4.37×
Q2 25
0.46×
Q1 25
0.98×
Q4 24
7.29×
Q3 24
1.02×
Q2 24
-0.46×
Q1 24
1.37×

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%

LXFR
LXFR

Gas Cylinders Segment$43.8M48%
Defense First Response And Healthcare$18.6M21%
Rest Of Europe$9.0M10%
DE$7.0M8%
Asia Pacific$5.8M6%
CA$4.0M4%
Other$2.5M3%

Related Comparisons