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

LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $113.4M, roughly 1.9× Babcock & Wilcox Enterprises, Inc.). On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs 0.6%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

BW vs RAMP — Head-to-Head

Bigger by revenue
RAMP
RAMP
1.9× larger
RAMP
$212.2M
$113.4M
BW
Growing faster (revenue YoY)
RAMP
RAMP
+8.0% gap
RAMP
8.6%
0.6%
BW
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BW
BW
RAMP
RAMP
Revenue
$113.4M
$212.2M
Net Profit
$39.9M
Gross Margin
20.6%
71.9%
Operating Margin
0.2%
18.6%
Net Margin
18.8%
Revenue YoY
0.6%
8.6%
Net Profit YoY
255.7%
EPS (diluted)
$0.11
$0.62

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
RAMP
RAMP
Q4 25
$113.4M
$212.2M
Q3 25
$149.0M
$199.8M
Q2 25
$144.1M
$194.8M
Q1 25
$181.2M
$188.7M
Q4 24
$112.7M
$195.4M
Q3 24
$152.6M
$185.5M
Q2 24
$151.4M
$176.0M
Q1 24
$164.3M
$171.9M
Net Profit
BW
BW
RAMP
RAMP
Q4 25
$39.9M
Q3 25
$35.1M
$27.4M
Q2 25
$-58.5M
$7.7M
Q1 25
$-22.0M
$-6.3M
Q4 24
$-63.1M
$11.2M
Q3 24
$-5.3M
$1.7M
Q2 24
$25.4M
$-7.5M
Q1 24
$-16.8M
$-5.4M
Gross Margin
BW
BW
RAMP
RAMP
Q4 25
20.6%
71.9%
Q3 25
24.9%
70.2%
Q2 25
30.0%
70.1%
Q1 25
22.1%
69.3%
Q4 24
16.7%
71.9%
Q3 24
23.7%
72.4%
Q2 24
21.8%
70.6%
Q1 24
23.6%
72.2%
Operating Margin
BW
BW
RAMP
RAMP
Q4 25
0.2%
18.6%
Q3 25
4.4%
10.7%
Q2 25
5.6%
3.7%
Q1 25
3.2%
-6.1%
Q4 24
-8.1%
7.5%
Q3 24
1.0%
4.0%
Q2 24
-2.9%
-3.0%
Q1 24
3.5%
-8.3%
Net Margin
BW
BW
RAMP
RAMP
Q4 25
18.8%
Q3 25
23.5%
13.7%
Q2 25
-40.6%
4.0%
Q1 25
-12.1%
-3.3%
Q4 24
-56.0%
5.7%
Q3 24
-3.5%
0.9%
Q2 24
16.8%
-4.3%
Q1 24
-10.2%
-3.1%
EPS (diluted)
BW
BW
RAMP
RAMP
Q4 25
$0.11
$0.62
Q3 25
$0.30
$0.42
Q2 25
$-0.63
$0.12
Q1 25
$-0.26
$-0.10
Q4 24
$-0.73
$0.17
Q3 24
$-0.10
$0.03
Q2 24
$0.24
$-0.11
Q1 24
$-0.23
$-0.09

Balance Sheet & Financial Strength

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

Metric
BW
BW
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$89.5M
$403.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-131.5M
$962.3M
Total Assets
$662.9M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
RAMP
RAMP
Q4 25
$89.5M
$403.4M
Q3 25
$25.2M
$376.9M
Q2 25
$23.4M
$371.1M
Q1 25
$23.5M
$420.8M
Q4 24
$26.9M
$384.3M
Q3 24
$30.6M
$348.4M
Q2 24
$95.5M
$342.7M
Q1 24
$43.9M
$368.9M
Stockholders' Equity
BW
BW
RAMP
RAMP
Q4 25
$-131.5M
$962.3M
Q3 25
$-232.2M
$943.8M
Q2 25
$-309.2M
$947.8M
Q1 25
$-303.0M
$948.9M
Q4 24
$-283.8M
$957.7M
Q3 24
$-203.7M
$932.1M
Q2 24
$-198.9M
$951.9M
Q1 24
$-223.0M
$949.1M
Total Assets
BW
BW
RAMP
RAMP
Q4 25
$662.9M
$1.3B
Q3 25
$657.9M
$1.2B
Q2 25
$703.5M
$1.2B
Q1 25
$719.7M
$1.3B
Q4 24
$727.0M
$1.3B
Q3 24
$804.6M
$1.2B
Q2 24
$849.1M
$1.2B
Q1 24
$795.5M
$1.2B

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
RAMP
RAMP
Operating Cash FlowLast quarter
$-3.0M
Free Cash FlowOCF − Capex
$-7.2M
FCF MarginFCF / Revenue
-6.3%
Capex IntensityCapex / Revenue
3.7%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-85.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
RAMP
RAMP
Q4 25
$-3.0M
Q3 25
$-32.1M
$57.4M
Q2 25
$-25.3M
$-15.8M
Q1 25
$-8.5M
Q4 24
$-22.5M
$45.1M
Q3 24
$-69.5M
$55.6M
Q2 24
$-11.8M
$-9.3M
Q1 24
$-14.9M
Free Cash Flow
BW
BW
RAMP
RAMP
Q4 25
$-7.2M
Q3 25
$-37.6M
$56.8M
Q2 25
$-28.1M
$-16.2M
Q1 25
$-12.8M
Q4 24
$-23.6M
$44.8M
Q3 24
$-71.6M
$55.4M
Q2 24
$-16.4M
$-9.6M
Q1 24
$-18.3M
FCF Margin
BW
BW
RAMP
RAMP
Q4 25
-6.3%
Q3 25
-25.3%
28.4%
Q2 25
-19.5%
-8.3%
Q1 25
-7.1%
Q4 24
-20.9%
22.9%
Q3 24
-46.9%
29.8%
Q2 24
-10.8%
-5.4%
Q1 24
-11.2%
Capex Intensity
BW
BW
RAMP
RAMP
Q4 25
3.7%
0.1%
Q3 25
3.7%
0.3%
Q2 25
1.9%
0.2%
Q1 25
2.4%
0.2%
Q4 24
1.0%
0.1%
Q3 24
1.4%
0.1%
Q2 24
3.0%
0.1%
Q1 24
2.1%
1.0%
Cash Conversion
BW
BW
RAMP
RAMP
Q4 25
Q3 25
-0.92×
2.09×
Q2 25
-2.04×
Q1 25
Q4 24
4.02×
Q3 24
32.10×
Q2 24
-0.46×
Q1 24

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%

RAMP
RAMP

Segment breakdown not available.

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