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

PERDOCEO EDUCATION Corp is the larger business by last-quarter revenue ($211.6M vs $113.4M, roughly 1.9× Babcock & Wilcox Enterprises, Inc.). On growth, PERDOCEO EDUCATION Corp posted the faster year-over-year revenue change (20.0% vs 0.6%). PERDOCEO EDUCATION Corp produced more free cash flow last quarter ($37.9M vs $-7.2M). Over the past eight quarters, PERDOCEO EDUCATION Corp's revenue compounded faster (12.2% 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.

Perdoceo Education Corporation (PRDO) is a public company that owns five for-profit universities in the United States: American Intercontinental University, Colorado Technical University, California Southern University, Trident University International, and University of St. Augustine for Health Sciences. The company was previously known as Career Education Corporation.

BW vs PRDO — Head-to-Head

Bigger by revenue
PRDO
PRDO
1.9× larger
PRDO
$211.6M
$113.4M
BW
Growing faster (revenue YoY)
PRDO
PRDO
+19.3% gap
PRDO
20.0%
0.6%
BW
More free cash flow
PRDO
PRDO
$45.0M more FCF
PRDO
$37.9M
$-7.2M
BW
Faster 2-yr revenue CAGR
PRDO
PRDO
Annualised
PRDO
12.2%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BW
BW
PRDO
PRDO
Revenue
$113.4M
$211.6M
Net Profit
Gross Margin
20.6%
Operating Margin
0.2%
19.8%
Net Margin
Revenue YoY
0.6%
20.0%
Net Profit YoY
EPS (diluted)
$0.11
$0.55

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
PRDO
PRDO
Q4 25
$113.4M
$211.6M
Q3 25
$149.0M
$211.9M
Q2 25
$144.1M
$209.6M
Q1 25
$181.2M
$213.0M
Q4 24
$112.7M
$176.4M
Q3 24
$152.6M
$169.8M
Q2 24
$151.4M
$166.7M
Q1 24
$164.3M
$168.3M
Net Profit
BW
BW
PRDO
PRDO
Q4 25
Q3 25
$35.1M
$39.9M
Q2 25
$-58.5M
$41.0M
Q1 25
$-22.0M
$43.7M
Q4 24
$-63.1M
Q3 24
$-5.3M
$38.3M
Q2 24
$25.4M
$38.4M
Q1 24
$-16.8M
$39.4M
Gross Margin
BW
BW
PRDO
PRDO
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
PRDO
PRDO
Q4 25
0.2%
19.8%
Q3 25
4.4%
24.1%
Q2 25
5.6%
24.5%
Q1 25
3.2%
24.3%
Q4 24
-8.1%
21.1%
Q3 24
1.0%
26.4%
Q2 24
-2.9%
27.6%
Q1 24
3.5%
27.5%
Net Margin
BW
BW
PRDO
PRDO
Q4 25
Q3 25
23.5%
18.8%
Q2 25
-40.6%
19.6%
Q1 25
-12.1%
20.5%
Q4 24
-56.0%
Q3 24
-3.5%
22.5%
Q2 24
16.8%
23.0%
Q1 24
-10.2%
23.4%
EPS (diluted)
BW
BW
PRDO
PRDO
Q4 25
$0.11
$0.55
Q3 25
$0.30
$0.60
Q2 25
$-0.63
$0.62
Q1 25
$-0.26
$0.65
Q4 24
$-0.73
$0.46
Q3 24
$-0.10
$0.57
Q2 24
$0.24
$0.57
Q1 24
$-0.23
$0.59

Balance Sheet & Financial Strength

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

Metric
BW
BW
PRDO
PRDO
Cash + ST InvestmentsLiquidity on hand
$89.5M
$111.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-131.5M
$972.4M
Total Assets
$662.9M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
PRDO
PRDO
Q4 25
$89.5M
$111.0M
Q3 25
$25.2M
$159.5M
Q2 25
$23.4M
$172.1M
Q1 25
$23.5M
$132.1M
Q4 24
$26.9M
$109.1M
Q3 24
$30.6M
$238.0M
Q2 24
$95.5M
$127.9M
Q1 24
$43.9M
$125.8M
Stockholders' Equity
BW
BW
PRDO
PRDO
Q4 25
$-131.5M
$972.4M
Q3 25
$-232.2M
$997.9M
Q2 25
$-309.2M
$984.6M
Q1 25
$-303.0M
$970.3M
Q4 24
$-283.8M
$959.5M
Q3 24
$-203.7M
$935.4M
Q2 24
$-198.9M
$899.5M
Q1 24
$-223.0M
$866.1M
Total Assets
BW
BW
PRDO
PRDO
Q4 25
$662.9M
$1.2B
Q3 25
$657.9M
$1.3B
Q2 25
$703.5M
$1.3B
Q1 25
$719.7M
$1.3B
Q4 24
$727.0M
$1.2B
Q3 24
$804.6M
$1.1B
Q2 24
$849.1M
$1.1B
Q1 24
$795.5M
$1.1B

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
PRDO
PRDO
Operating Cash FlowLast quarter
$-3.0M
$40.1M
Free Cash FlowOCF − Capex
$-7.2M
$37.9M
FCF MarginFCF / Revenue
-6.3%
17.9%
Capex IntensityCapex / Revenue
3.7%
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-85.7M
$216.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
PRDO
PRDO
Q4 25
$-3.0M
$40.1M
Q3 25
$-32.1M
$41.2M
Q2 25
$-25.3M
$78.8M
Q1 25
$-8.5M
$65.1M
Q4 24
$-22.5M
$17.6M
Q3 24
$-69.5M
$51.0M
Q2 24
$-11.8M
$38.5M
Q1 24
$-14.9M
$54.5M
Free Cash Flow
BW
BW
PRDO
PRDO
Q4 25
$-7.2M
$37.9M
Q3 25
$-37.6M
$39.4M
Q2 25
$-28.1M
$76.0M
Q1 25
$-12.8M
$63.4M
Q4 24
$-23.6M
$16.0M
Q3 24
$-71.6M
$50.0M
Q2 24
$-16.4M
$37.7M
Q1 24
$-18.3M
$53.3M
FCF Margin
BW
BW
PRDO
PRDO
Q4 25
-6.3%
17.9%
Q3 25
-25.3%
18.6%
Q2 25
-19.5%
36.3%
Q1 25
-7.1%
29.8%
Q4 24
-20.9%
9.1%
Q3 24
-46.9%
29.4%
Q2 24
-10.8%
22.6%
Q1 24
-11.2%
31.7%
Capex Intensity
BW
BW
PRDO
PRDO
Q4 25
3.7%
1.1%
Q3 25
3.7%
0.9%
Q2 25
1.9%
1.3%
Q1 25
2.4%
0.8%
Q4 24
1.0%
0.9%
Q3 24
1.4%
0.6%
Q2 24
3.0%
0.5%
Q1 24
2.1%
0.7%
Cash Conversion
BW
BW
PRDO
PRDO
Q4 25
Q3 25
-0.92×
1.03×
Q2 25
1.92×
Q1 25
1.49×
Q4 24
Q3 24
1.33×
Q2 24
-0.46×
1.00×
Q1 24
1.38×

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%

PRDO
PRDO

CTU$107.0M51%
AIUS$60.8M29%
University Of St Augustine For Health Sciences Llc$43.7M21%
Other$1.1M1%

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