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Side-by-side financial comparison of Babcock & Wilcox Enterprises, Inc. (BW) and Stellar Bancorp, Inc. (STEL). 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 $108.9M, roughly 1.0× Stellar Bancorp, Inc.). On growth, Stellar Bancorp, Inc. posted the faster year-over-year revenue change (0.8% vs 0.6%). Stellar Bancorp, Inc. produced more free cash flow last quarter ($92.6M vs $-7.2M). Over the past eight quarters, Stellar Bancorp, Inc.'s revenue compounded faster (0.2% 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.

Stellar Bancorp, Inc. is a United States-based financial holding company that operates via its wholly-owned banking subsidiary. It provides a full suite of retail and commercial banking services, including deposit products, personal and commercial loans, mortgage services, and wealth management solutions, serving individual consumers, small businesses, and regional corporate clients.

BW vs STEL — Head-to-Head

Bigger by revenue
BW
BW
1.0× larger
BW
$113.4M
$108.9M
STEL
Growing faster (revenue YoY)
STEL
STEL
+0.2% gap
STEL
0.8%
0.6%
BW
More free cash flow
STEL
STEL
$99.8M more FCF
STEL
$92.6M
$-7.2M
BW
Faster 2-yr revenue CAGR
STEL
STEL
Annualised
STEL
0.2%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BW
BW
STEL
STEL
Revenue
$113.4M
$108.9M
Net Profit
$26.1M
Gross Margin
20.6%
Operating Margin
0.2%
29.0%
Net Margin
24.0%
Revenue YoY
0.6%
0.8%
Net Profit YoY
3.7%
EPS (diluted)
$0.11
$0.52

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
STEL
STEL
Q4 25
$113.4M
$108.9M
Q3 25
$149.0M
$105.6M
Q2 25
$144.1M
$104.1M
Q1 25
$181.2M
$104.8M
Q4 24
$112.7M
$108.0M
Q3 24
$152.6M
$107.8M
Q2 24
$151.4M
$106.8M
Q1 24
$164.3M
$108.4M
Net Profit
BW
BW
STEL
STEL
Q4 25
$26.1M
Q3 25
$35.1M
$25.7M
Q2 25
$-58.5M
$26.4M
Q1 25
$-22.0M
$24.7M
Q4 24
$-63.1M
$25.2M
Q3 24
$-5.3M
$33.9M
Q2 24
$25.4M
$29.8M
Q1 24
$-16.8M
$26.1M
Gross Margin
BW
BW
STEL
STEL
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
STEL
STEL
Q4 25
0.2%
29.0%
Q3 25
4.4%
30.5%
Q2 25
5.6%
31.7%
Q1 25
3.2%
29.6%
Q4 24
-8.1%
29.4%
Q3 24
1.0%
39.6%
Q2 24
-2.9%
35.1%
Q1 24
3.5%
30.4%
Net Margin
BW
BW
STEL
STEL
Q4 25
24.0%
Q3 25
23.5%
24.3%
Q2 25
-40.6%
25.3%
Q1 25
-12.1%
23.6%
Q4 24
-56.0%
23.3%
Q3 24
-3.5%
31.4%
Q2 24
16.8%
27.9%
Q1 24
-10.2%
24.1%
EPS (diluted)
BW
BW
STEL
STEL
Q4 25
$0.11
$0.52
Q3 25
$0.30
$0.50
Q2 25
$-0.63
$0.51
Q1 25
$-0.26
$0.46
Q4 24
$-0.73
$0.47
Q3 24
$-0.10
$0.63
Q2 24
$0.24
$0.56
Q1 24
$-0.23
$0.49

Balance Sheet & Financial Strength

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

Metric
BW
BW
STEL
STEL
Cash + ST InvestmentsLiquidity on hand
$89.5M
$419.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-131.5M
$1.7B
Total Assets
$662.9M
$10.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
STEL
STEL
Q4 25
$89.5M
$419.5M
Q3 25
$25.2M
$728.4M
Q2 25
$23.4M
$578.1M
Q1 25
$23.5M
$560.6M
Q4 24
$26.9M
$911.2M
Q3 24
$30.6M
$516.2M
Q2 24
$95.5M
$490.3M
Q1 24
$43.9M
$399.7M
Stockholders' Equity
BW
BW
STEL
STEL
Q4 25
$-131.5M
$1.7B
Q3 25
$-232.2M
$1.7B
Q2 25
$-309.2M
$1.6B
Q1 25
$-303.0M
$1.6B
Q4 24
$-283.8M
$1.6B
Q3 24
$-203.7M
$1.6B
Q2 24
$-198.9M
$1.6B
Q1 24
$-223.0M
$1.5B
Total Assets
BW
BW
STEL
STEL
Q4 25
$662.9M
$10.8B
Q3 25
$657.9M
$10.6B
Q2 25
$703.5M
$10.5B
Q1 25
$719.7M
$10.4B
Q4 24
$727.0M
$10.9B
Q3 24
$804.6M
$10.6B
Q2 24
$849.1M
$10.7B
Q1 24
$795.5M
$10.7B

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
STEL
STEL
Operating Cash FlowLast quarter
$-3.0M
$97.0M
Free Cash FlowOCF − Capex
$-7.2M
$92.6M
FCF MarginFCF / Revenue
-6.3%
85.0%
Capex IntensityCapex / Revenue
3.7%
4.0%
Cash ConversionOCF / Net Profit
3.71×
TTM Free Cash FlowTrailing 4 quarters
$-85.7M
$173.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
STEL
STEL
Q4 25
$-3.0M
$97.0M
Q3 25
$-32.1M
$63.6M
Q2 25
$-25.3M
$25.8M
Q1 25
$-8.5M
$-5.7M
Q4 24
$-22.5M
$132.6M
Q3 24
$-69.5M
$59.5M
Q2 24
$-11.8M
$38.1M
Q1 24
$-14.9M
$31.1M
Free Cash Flow
BW
BW
STEL
STEL
Q4 25
$-7.2M
$92.6M
Q3 25
$-37.6M
$62.5M
Q2 25
$-28.1M
$24.5M
Q1 25
$-12.8M
$-6.4M
Q4 24
$-23.6M
$128.0M
Q3 24
$-71.6M
$57.7M
Q2 24
$-16.4M
$37.1M
Q1 24
$-18.3M
$30.5M
FCF Margin
BW
BW
STEL
STEL
Q4 25
-6.3%
85.0%
Q3 25
-25.3%
59.2%
Q2 25
-19.5%
23.6%
Q1 25
-7.1%
-6.2%
Q4 24
-20.9%
118.5%
Q3 24
-46.9%
53.5%
Q2 24
-10.8%
34.8%
Q1 24
-11.2%
28.2%
Capex Intensity
BW
BW
STEL
STEL
Q4 25
3.7%
4.0%
Q3 25
3.7%
1.1%
Q2 25
1.9%
1.2%
Q1 25
2.4%
0.7%
Q4 24
1.0%
4.3%
Q3 24
1.4%
1.7%
Q2 24
3.0%
0.9%
Q1 24
2.1%
0.5%
Cash Conversion
BW
BW
STEL
STEL
Q4 25
3.71×
Q3 25
-0.92×
2.48×
Q2 25
0.98×
Q1 25
-0.23×
Q4 24
5.26×
Q3 24
1.76×
Q2 24
-0.46×
1.28×
Q1 24
1.19×

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%

STEL
STEL

Segment breakdown not available.

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