Broadwind IncBroadwind Inc
Broadwind Inc

Broadwind Inc

BWEN
Industrials·Machinery

Broadwind, Inc. engages in the manufacture of structures, equipment, and components for power generation, critical infrastructure, and other specialized applications. It operates through the following business segments: Heavy Fabrications, Gearing, Industrial Solutions, and Corporate and Other. The Heavy Fabrications segment provides fabrications to customers in industrial markets. The Gearing segment provides gearing, gearboxes, and precision machined components to customers in onshore and offshore oil and gas (O&G) fracking and drilling, surface and underground mining, wind energy, steel, material handling and other industrial markets. The Industrial Solutions segment provides supply chain solutions, light fabrication, inventory management, and kitting and assembly services, primarily serving the combined cycle natural gas turbine market. The Corporate and Other segment includes the assets and SG&A expenses of the Company’s corporate office. The company was founded in 1996 and is headquartered in Cicero, IL.

Illinois; U.S.A
Market cap
No dataNo data
Revenue
$158.1M+10.4% YoY
Net income
$5.2M+355.0% YoY
Free cash flow
$-19M−286.6% YoY

Market

Listed stock
BWENPriceNasdaq
Loading…Loading…1Y

Financial performance

Revenue
$158.1M+10.4% YoY
Operating income
$8.7M+104.8% YoY
Net income
$5.2M+355.0% YoY
Free cash flow
$-19M−286.6% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $145.6M, 2022 $176.8M, 2023 $203.5M, 2024 $143.1M, 2025 $158.1M. Operating income: 2021 $-12.6M, 2022 $-6.6M, 2023 $11.1M, 2024 $4.2M, 2025 $8.7M. Net income: 2021 $2.8M, 2022 $-9.7M, 2023 $7.6M, 2024 $1.2M, 2025 $5.2M. Free cash flow: 2021 $-14.5M, 2022 $13.5M, 2023 $-13.4M, 2024 $10.2M, 2025 $-19M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
10.4%+4008 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $-12.6M, 2022-12-31 $-6.6M, 2023-12-31 $11.1M, 2024-12-31 $4.2M, 2025-12-31 $8.7M. Net income: 2021-12-31 $2.8M, 2022-12-31 $-9.7M, 2023-12-31 $7.6M, 2024-12-31 $1.2M, 2025-12-31 $5.2M. Free cash flow: 2021-12-31 $-14.5M, 2022-12-31 $13.5M, 2023-12-31 $-13.4M, 2024-12-31 $10.2M, 2025-12-31 $-19M

Growth heatmap

2022202320242025CAGR
Revenue
+21.4%
+15.1%
-29.7%
+10.4%
+2.1%
Gross profit
+94.3%
+203.5%
-34.8%
-23.9%
+30.8%
Operating income
+47.5%
+268.6%
-62.1%
+104.8%
No data
Free cash flow
+193.2%
-198.6%
+176.3%
-286.6%
No data

Earnings quality

Operating cash flow
$-15.4M−211.4% YoY
Net income
$5.2M+355.0% YoY
Free cash flow
$-19M−286.6% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 -293%, 2024-12-31 1198%, 2023-12-31 -91%, 2022-12-31 -171%, 2021-12-31 -451%. Free cash flow: 2025-12-31 -363%, 2024-12-31 884%, 2023-12-31 -175%, 2022-12-31 -139%, 2021-12-31 -510%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
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Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
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Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
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Free cash flow yield
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