A Business at a Glance
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BROADWIND, INC.
BWEN
$110M
Mkt Cap
$4.83
-6.76%
BROADWIND, INC. (BWEN) has a current P/E ratio of 21.0, compared to its historical median P/E of 13.1. The stock is currently considered Fair based on its historical valuation range.
BROADWIND, INC. (BWEN) has a 5-year average return on invested capital (ROIC) of 4.4%. This is below average and may indicate limited pricing power.
BROADWIND, INC. (BWEN) has a market capitalization of $110M. It is classified as a small-cap stock.
BROADWIND, INC. (BWEN) does not currently pay a regular dividend.
Based on historical P/E analysis, BROADWIND, INC. (BWEN) appears fair. The current P/E of 21.0 is 60% above its historical median of 13.1. The estimated fair value CAGR (P/E method) is 18.2%.
BROADWIND, INC. (BWEN) operates in the Nonferrous Foundries (Castings) industry, within the Materials sector.
BROADWIND, INC. (BWEN) reported annual revenue of $158 million in its most recent fiscal year, based on SEC EDGAR filings.
As used in this Annual Report, the terms “we,” “us,” “our,” “Broadwind” and the “Company” refer to Broadwind, Inc., a Delaware corporation headquartered in Cicero, Illinois, and its wholly-owned subsidiaries (the “Subsidiaries”). Dollars are presented in thousands unless otherwise stated. Business Overview Broadwind is a precision manufacturer of structures, equipment and components for power generation, critical infrastructure, and other specialized applications. We provide technologically advanced high value products to customers with complex systems and stringent quality standards that operate in energy, mining and infrastructure sectors, primarily in the United States of America (the “U.S.”). Our capabilities include but are not limited to the following: heavy fabrications, welding, metal rolling, coatings, gear cutting and shaping, gearbox manufacturing and repair, heat treatment, precision machining, assembly, engineering and packaging solutions.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 158M | 158M | 143M | 203M | 177M | 146M |
| Net Income | 5.2M | 5.2M | 1.2M | 7.6M | -9.7M | 2.8M |
| EPS | $0.23 | $0.23 | $0.05 | $0.36 | $-0.48 | $0.15 |
| Free Cash Flow | -19M | -19M | 10M | -13M | 14M | -15M |
| ROIC | 10.5% | 12.6% | 7.3% | 15.0% | -18.2% | 5.2% |
| Gross Margin | 10.2% | 10.2% | 14.8% | 16.0% | 6.1% | 3.8% |
| Debt/Equity | 0.23 | 0.23 | 0.18 | 0.32 | 0.20 | 0.25 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 8.7M | 8.7M | 4.2M | 11M | -6.6M | -13M |
| Operating Margin | 5.5% | 5.5% | 3.0% | 5.5% | -3.7% | -8.6% |
| ROE | 7.9% | 8.3% | 1.9% | 13.7% | -21.0% | 5.3% |
| Shares Outstanding | 23M | 23M | 23M | 21M | 20M | 19M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 226M | 199M | 181M | 147M | 125M | 178M | 198M | 146M | 177M | 203M | 143M | 158M | 158M |
| Gross Margin | 8.7% | 4.0% | 10.0% | 5.6% | 2.4% | 8.6% | 9.1% | 3.8% | 6.1% | 16.0% | 14.8% | 10.2% | 10.2% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 19M | 18M | 16M | 14M | 14M | 16M | 17M | 17M | 17M | 21M | 16M | 15M | 15M |
| EBIT | -1.5M | -12M | 1.9M | -7.4M | -25M | -2.4M | 422K | -13M | -6.6M | 11M | 4.2M | 8.7M | 8.7M |
| Op. Margin | -0.7% | -6.0% | 1.1% | -5.1% | -20.0% | -1.3% | 0.2% | -8.6% | -3.7% | 5.5% | 3.0% | 5.5% | 5.5% |
| Net Income | -6.2M | -22M | 319K | -3.6M | -24M | -4.5M | -1.5M | 2.8M | -9.7M | 7.6M | 1.2M | 5.2M | 5.2M |
| Net Margin | -2.7% | -10.9% | 0.2% | -2.5% | -19.3% | -2.5% | -0.7% | 2.0% | -5.5% | 3.8% | 0.8% | 3.3% | 3.3% |
| Non-Recurring | 474K | 1.3M | 217K | 92K | 5.6M | 175M | 180M | 140M | 166M | 171M | 122M | 150M | 150M |
| Returns on Capital | |||||||||||||
| ROIC | -1.3% | -27.1% | 1.6% | -5.3% | -53.9% | -11.0% | 0.9% | 5.2% | -18.2% | 15.0% | 7.3% | 12.6% | 10.5% |
| ROE | -6.7% | -28.0% | 0.5% | -5.4% | -55.7% | -11.1% | -3.7% | 5.3% | -21.0% | 13.7% | 1.9% | 8.3% | 7.9% |
| ROA | -4.0% | -17.0% | 0.3% | -3.2% | -24.3% | -3.7% | -1.2% | 2.4% | -6.7% | 5.7% | 0.9% | 4.3% | 4.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 6.1M | -5.5M | 17M | -9.4M | 2.0M | 4.5M | 5.3M | -13M | 17M | -6.9M | 14M | -15M | -15M |
| Free Cash Flow | -182K | -8.3M | 11M | -16M | -279K | 2.7M | 3.8M | -15M | 14M | -13M | 10M | -19M | -19M |
| Owner Earnings | -5.7M | -16M | 9.6M | -19M | -7.9M | -3.9M | -2.2M | -21M | 9.6M | -14M | 6.0M | -22M | -22M |
| CapEx | 6.3M | 2.8M | 6.6M | 6.7M | 2.3M | 1.8M | 1.5M | 1.7M | 3.1M | 6.4M | 3.6M | 3.6M | 3.6M |
| Maint. CapEx | 11M | 9.2M | 6.9M | 9.0M | 9.2M | 7.5M | 6.3M | 6.3M | 6.1M | 6.4M | 6.7M | 6.3M | 6.3M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22K | 0 | 0 | 0 |
| D&A | 11M | 9.2M | 6.9M | 9.0M | 9.2M | 7.5M | 6.3M | 6.3M | 6.1M | 6.4M | 6.7M | 6.3M | 6.3M |
| CapEx/OCF | 103.0% | N/A | 38.3% | N/A | 113.6% | 40.8% | 29.0% | N/A | 18.6% | N/A | 26.2% | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 1.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 888K | 919K | 753K | 813K | 803K | 958K | 1.3M | 1.5M | 944K | 877K | 1.2M | 638K | 638K |
| Debt Repayment | 16M | 2.2M | 2.8M | 148M | 761K | 177M | 164M | 151M | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -1.5M | 111M | -9.3M | 15M | 12M | 9.1M | 5.4M | 12M | -16M | 16M | -4.8M | 14M | 15M |
| Cash & Equiv. | 12M | 6.4M | 19M | 78K | 1.2M | 2.4M | 3.4M | 852K | 13M | 1.1M | 7.7M | 456K | 456K |
| Long-Term Debt | 2.6M | 2.6M | 2.6M | 797K | 1.4M | 505K | 9.4M | 177K | 7.1M | 6.3M | 7.7M | 5.1M | 5.1M |
| Debt/Equity | 0.21 | 1.83 | 0.18 | 0.23 | 0.33 | 0.34 | 0.30 | 0.25 | 0.20 | 0.32 | 0.18 | 0.23 | 0.23 |
| Interest Coverage | -2.5 | -18.3 | 3.9 | -12.7 | -16.8 | -1.0 | N/A | -1.4 | -2.1 | 3.5 | 1.4 | 2.6 | 2.6 |
| Equity | 88M | 67M | 69M | 66M | 43M | 41M | 41M | 54M | 46M | 56M | 59M | 66M | 66M |
| Total Assets | 147M | 110M | 118M | 112M | 99M | 123M | 120M | 118M | 145M | 135M | 128M | 117M | 117M |
| Total Liabilities | 58M | 42M | 49M | 46M | 56M | 82M | 79M | 64M | 98M | 79M | 69M | 51M | 51M |
| Intangibles | 5.5M | 5.0M | 4.6M | 16M | 6.6M | 4.9M | 4.2M | 3.5M | 2.7M | 2.1M | 1.4M | 741K | 741K |
| Retained Earnings | -287M | -309M | -308M | -312M | -336M | -341M | -342M | -339M | -349M | -341M | -340M | -335M | -335M |
| Working Capital | 26M | 16M | 15M | -5.6M | -8.8M | -9.6M | 2.6M | 9.6M | 9.1M | 16M | 23M | 33M | 33M |
| Current Assets | 78M | 53M | 58M | 35M | 43M | 55M | 51M | 52M | 79M | 70M | 67M | 64M | 64M |
| Current Liabilities | 52M | 37M | 43M | 41M | 52M | 64M | 48M | 43M | 70M | 54M | 44M | 32M | 32M |
| Per Share Data | |||||||||||||
| EPS | -0.42 | -1.48 | 0.02 | -0.24 | -1.56 | -0.28 | -0.09 | 0.15 | -0.48 | 0.36 | 0.05 | 0.23 | 0.23 |
| Owner EPS | -0.39 | -1.06 | 0.60 | -1.26 | -0.51 | -0.24 | -0.14 | -1.09 | 0.48 | -0.67 | 0.26 | -0.98 | -0.98 |
| Book Value | 6.02 | 4.58 | 4.30 | 4.36 | 2.80 | 2.52 | 2.46 | 2.85 | 2.28 | 2.64 | 2.58 | 2.91 | 2.91 |
| Cash Flow/Share | 0.42 | -0.37 | 1.08 | -0.62 | 0.13 | 0.28 | 0.32 | -0.68 | 0.82 | -0.33 | 0.60 | -0.68 | 0.51 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 14.7M | 14.7M | 15.9M | 15.2M | 15.5M | 16.2M | 16.5M | 19.0M | 20.3M | 21.2M | 23.0M | 22.8M | 22.8M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | 207.0 | N/A | N/A | N/A | N/A | 13.1 | N/A | 8.1 | 38.4 | N/A | 21.0 |
| P/FCF | N/A | N/A | 6.2 | N/A | N/A | 10.0 | 38.2 | N/A | 2.6 | N/A | 4.3 | N/A | N/A |
| EV/EBIT | N/A | N/A | 24.5 | N/A | N/A | N/A | 360.2 | N/A | N/A | 6.6 | 10.8 | N/A | 14.4 |
| Price/Book | 0.9 | 0.4 | 1.0 | 0.6 | 0.4 | 0.7 | 3.6 | 0.7 | 0.8 | 1.1 | 0.7 | N/A | 1.7 |
| Price/Sales | 0.6 | 0.3 | 0.3 | 0.5 | 0.3 | 0.2 | 0.3 | 0.6 | 0.2 | 0.4 | 0.4 | N/A | 0.7 |
| FCF Yield | -0.2% | -27.3% | 16.2% | -38.4% | -1.5% | 10.0% | 2.6% | -38.9% | 38.6% | -21.4% | 23.0% | N/A | -17.3% |
| Market Cap | 78M | 30M | 66M | 42M | 19M | 27M | 145M | 37M | 35M | 62M | 44M | 0 | 110M |
| Avg. Price | 9.17 | 3.74 | 3.65 | 4.51 | 2.28 | 1.74 | 3.01 | 4.82 | 2.04 | 3.70 | 2.50 | 0.00 | 4.83 |
| Year-End Price | 5.33 | 2.06 | 4.14 | 2.75 | 1.20 | 1.65 | 8.75 | 1.97 | 1.73 | 2.93 | 1.92 | 0.00 | 4.83 |
BROADWIND, INC. passes 3 of 9 quality checks, indicating weak fundamentals.
BROADWIND, INC. trades at 21.0x trailing earnings, compared to its 15-year median P/E of 13.1x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 4.4% with a gross margin of 10.2%. At current prices, the estimated annualized return to fair value is +16.5%.
BROADWIND, INC. (BWEN) has a net profit margin of 3.3%. This is a modest margin.
BROADWIND, INC. (BWEN) generated $-19 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
BROADWIND, INC. (BWEN) has a debt-to-equity ratio of 0.23. This indicates a conservatively financed balance sheet.
BROADWIND, INC. (BWEN) reported earnings per share (EPS) of $0.23 in its most recent fiscal year.
BROADWIND, INC. (BWEN) has a return on equity (ROE) of 8.3%. This indicates moderate shareholder returns.
BROADWIND, INC. (BWEN) has a 5-year average gross margin of 10.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for BROADWIND, INC. (BWEN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BROADWIND, INC. (BWEN) has a book value per share of $2.91, based on its most recent annual SEC filing.