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Side-by-side financial comparison of Babcock & Wilcox Enterprises, Inc. (BW) and WESTAMERICA BANCORPORATION (WABC). 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 $63.3M, roughly 1.8× WESTAMERICA BANCORPORATION). On growth, Babcock & Wilcox Enterprises, Inc. posted the faster year-over-year revenue change (0.6% vs -9.0%). WESTAMERICA BANCORPORATION produced more free cash flow last quarter ($119.7M vs $-7.2M). Over the past eight quarters, WESTAMERICA BANCORPORATION's revenue compounded faster (-8.6% 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.

Westamerica Bancorporation is a regional bank holding company headquartered in California, U.S. It operates via its wholly owned banking subsidiary to provide full-spectrum retail and commercial banking services, including deposit products, business and consumer loans, wealth management, and payment services, primarily serving individual consumers, SMEs and local institutional clients in northern and central California.

BW vs WABC — Head-to-Head

Bigger by revenue
BW
BW
1.8× larger
BW
$113.4M
$63.3M
WABC
Growing faster (revenue YoY)
BW
BW
+9.6% gap
BW
0.6%
-9.0%
WABC
More free cash flow
WABC
WABC
$126.8M more FCF
WABC
$119.7M
$-7.2M
BW
Faster 2-yr revenue CAGR
WABC
WABC
Annualised
WABC
-8.6%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BW
BW
WABC
WABC
Revenue
$113.4M
$63.3M
Net Profit
$27.8M
Gross Margin
20.6%
Operating Margin
0.2%
59.8%
Net Margin
43.9%
Revenue YoY
0.6%
-9.0%
Net Profit YoY
-12.3%
EPS (diluted)
$0.11
$1.12

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
WABC
WABC
Q4 25
$113.4M
$63.3M
Q3 25
$149.0M
$63.7M
Q2 25
$144.1M
$64.6M
Q1 25
$181.2M
$66.4M
Q4 24
$112.7M
$69.6M
Q3 24
$152.6M
$74.1M
Q2 24
$151.4M
$74.3M
Q1 24
$164.3M
$75.8M
Net Profit
BW
BW
WABC
WABC
Q4 25
$27.8M
Q3 25
$35.1M
$28.3M
Q2 25
$-58.5M
$29.1M
Q1 25
$-22.0M
$31.0M
Q4 24
$-63.1M
$31.7M
Q3 24
$-5.3M
$35.1M
Q2 24
$25.4M
$35.5M
Q1 24
$-16.8M
$36.4M
Gross Margin
BW
BW
WABC
WABC
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
WABC
WABC
Q4 25
0.2%
59.8%
Q3 25
4.4%
59.5%
Q2 25
5.6%
60.5%
Q1 25
3.2%
63.0%
Q4 24
-8.1%
62.8%
Q3 24
1.0%
64.5%
Q2 24
-2.9%
64.8%
Q1 24
3.5%
65.2%
Net Margin
BW
BW
WABC
WABC
Q4 25
43.9%
Q3 25
23.5%
44.3%
Q2 25
-40.6%
45.0%
Q1 25
-12.1%
46.7%
Q4 24
-56.0%
45.6%
Q3 24
-3.5%
47.3%
Q2 24
16.8%
47.8%
Q1 24
-10.2%
48.0%
EPS (diluted)
BW
BW
WABC
WABC
Q4 25
$0.11
$1.12
Q3 25
$0.30
$1.12
Q2 25
$-0.63
$1.12
Q1 25
$-0.26
$1.16
Q4 24
$-0.73
$1.19
Q3 24
$-0.10
$1.31
Q2 24
$0.24
$1.33
Q1 24
$-0.23
$1.37

Balance Sheet & Financial Strength

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

Metric
BW
BW
WABC
WABC
Cash + ST InvestmentsLiquidity on hand
$89.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-131.5M
$933.5M
Total Assets
$662.9M
$6.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
WABC
WABC
Q4 25
$89.5M
Q3 25
$25.2M
Q2 25
$23.4M
Q1 25
$23.5M
Q4 24
$26.9M
Q3 24
$30.6M
Q2 24
$95.5M
Q1 24
$43.9M
Stockholders' Equity
BW
BW
WABC
WABC
Q4 25
$-131.5M
$933.5M
Q3 25
$-232.2M
$931.6M
Q2 25
$-309.2M
$921.8M
Q1 25
$-303.0M
$923.1M
Q4 24
$-283.8M
$890.0M
Q3 24
$-203.7M
$909.0M
Q2 24
$-198.9M
$815.6M
Q1 24
$-223.0M
$791.7M
Total Assets
BW
BW
WABC
WABC
Q4 25
$662.9M
$6.0B
Q3 25
$657.9M
$5.9B
Q2 25
$703.5M
$5.8B
Q1 25
$719.7M
$6.0B
Q4 24
$727.0M
$6.1B
Q3 24
$804.6M
$6.2B
Q2 24
$849.1M
$6.3B
Q1 24
$795.5M
$6.5B

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
WABC
WABC
Operating Cash FlowLast quarter
$-3.0M
$121.9M
Free Cash FlowOCF − Capex
$-7.2M
$119.7M
FCF MarginFCF / Revenue
-6.3%
189.0%
Capex IntensityCapex / Revenue
3.7%
3.5%
Cash ConversionOCF / Net Profit
4.38×
TTM Free Cash FlowTrailing 4 quarters
$-85.7M
$213.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
WABC
WABC
Q4 25
$-3.0M
$121.9M
Q3 25
$-32.1M
$29.4M
Q2 25
$-25.3M
$23.5M
Q1 25
$-8.5M
$42.4M
Q4 24
$-22.5M
$141.6M
Q3 24
$-69.5M
$40.6M
Q2 24
$-11.8M
$19.0M
Q1 24
$-14.9M
$52.2M
Free Cash Flow
BW
BW
WABC
WABC
Q4 25
$-7.2M
$119.7M
Q3 25
$-37.6M
$28.7M
Q2 25
$-28.1M
$22.8M
Q1 25
$-12.8M
$42.2M
Q4 24
$-23.6M
$139.8M
Q3 24
$-71.6M
$40.1M
Q2 24
$-16.4M
$18.6M
Q1 24
$-18.3M
$52.1M
FCF Margin
BW
BW
WABC
WABC
Q4 25
-6.3%
189.0%
Q3 25
-25.3%
45.1%
Q2 25
-19.5%
35.3%
Q1 25
-7.1%
63.5%
Q4 24
-20.9%
201.0%
Q3 24
-46.9%
54.1%
Q2 24
-10.8%
25.0%
Q1 24
-11.2%
68.7%
Capex Intensity
BW
BW
WABC
WABC
Q4 25
3.7%
3.5%
Q3 25
3.7%
1.1%
Q2 25
1.9%
1.1%
Q1 25
2.4%
0.3%
Q4 24
1.0%
2.5%
Q3 24
1.4%
0.7%
Q2 24
3.0%
0.6%
Q1 24
2.1%
0.2%
Cash Conversion
BW
BW
WABC
WABC
Q4 25
4.38×
Q3 25
-0.92×
1.04×
Q2 25
0.81×
Q1 25
1.37×
Q4 24
4.47×
Q3 24
1.16×
Q2 24
-0.46×
0.54×
Q1 24
1.43×

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%

WABC
WABC

Segment breakdown not available.

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