Broadwind Inc Financials
Broadwind Inc (BWEN) reported $165.1M in revenue over the twelve months to Jun 30, 2026, up 36.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Overhead control supports profitability in 2025, but cash conversion reverses sharply despite lower leverage.
FY2025 operating margin recovered to5.5% despite gross margin compressing to10.2% . Because SG&A fell to$15.0M from$16.3M in FY2024, the margin divergence points to overhead control, not a stronger gross-profit engine.
FY2025 net income of
FY2025 current ratio reached 2.0x while debt-to-equity fell to 0.1x, indicating lower balance-sheet leverage. But cash was only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Broadwind Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Broadwind Inc has an operating margin of 5.5%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is up from 2.9% the prior year.
Broadwind Inc's revenue grew 10.4% year-over-year to $158.1M, a solid pace of expansion. This earns a growth score of 9/100.
Broadwind Inc carries a low D/E ratio of 0.07, meaning only $0.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 71/100, indicating a strong balance sheet with room for future borrowing.
Broadwind Inc's current ratio of 2.03 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.
Broadwind Inc's operations used $15.4M of cash, and capex of $3.6M added to the outflow, for a free cash flow shortfall of $19.0M. This results in a cash flow score of 19/100.
Broadwind Inc's ROE of 7.9% shows moderate profitability relative to equity, earning a score of 47/100. This is up from 1.9% the prior year.
Broadwind Inc scores -0.86, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($103.4M) relative to total liabilities ($50.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Broadwind Inc passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Broadwind Inc used $2.93 of operating cash (-$15.4M OCF vs $5.2M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Broadwind Inc generated $158.1M in revenue in fiscal year 2025. This represents an increase of 10.4% from the prior year.
Broadwind Inc's EBITDA was $15.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 37.1% from the prior year.
Broadwind Inc reported $5.2M in net income in fiscal year 2025. This represents an increase of 355.0% from the prior year.
Broadwind Inc earned $0.23 per diluted share (EPS) in fiscal year 2025. This represents an increase of 360.0% from the prior year.
Cash & Balance Sheet
Broadwind Inc recorded an outflow of $19.0M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 286.6% from the prior year.
Broadwind Inc held $457K in cash against $4.3M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Broadwind Inc's gross margin was 10.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.6 percentage points from the prior year.
Broadwind Inc's operating margin was 5.5% in fiscal year 2025, reflecting core business profitability. This is up 2.5 percentage points from the prior year.
Broadwind Inc's net profit margin was 3.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.5 percentage points from the prior year.
Broadwind Inc's ROE was 7.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 6.0 percentage points from the prior year.
Capital Allocation
Broadwind Inc invested $3.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 0.3% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
BWEN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.3M-28.6% | $34.1M-45.5% | $62.5M+41.2% | $44.2M+204.7% | $14.5M-60.6% | $36.8M+7.3% | $34.3M-3.3% | $35.5M |
| Gross Profit | $3.8M-19.1% | $4.7M-25.3% | $6.3M+39.0% | $4.5M+350.2% | $1.0M-76.8% | $4.3M+14.2% | $3.8M-27.1% | $5.2M |
| SG&A Expenses | $3.9M-5.7% | $4.2M+3.8% | $4.0M+6.1% | $3.8M+17.9% | $3.2M-19.1% | $4.0M+1.7% | $3.9M+1.5% | $3.9M |
| Operating Income | -$247K-163.5% | $389K-81.8% | $2.1M-75.5% | $8.7M+466.0% | -$2.4M-1394.0% | $184K-88.5% | $1.6M+36.3% | $1.2M |
| Income Tax | $24K-67.6% | $74K+236.4% | $22K-18.5% | $27K+1250.0% | $2K-94.4% | $36K+161.0% | -$59K-243.9% | $41K |
| Net Income | -$639K-29.1% | -$495K+42.6% | -$862K-111.6% | $7.5M+854.6% | -$989K-167.3% | -$370K+59.5% | -$914K-1335.1% | $74K |
| EPS (Diluted) | N/A | -$0.02+50.0% | -$0.04-112.5% | $0.32+900.0% | -$0.04-100.0% | -$0.02+50.0% | -$0.04 | $0.00 |
Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses, Interest Expense.
BWEN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $112.2M-4.9% | $118.0M+1.0% | $116.8M-2.4% | $119.6M-8.3% | $130.5M+0.9% | $129.3M+0.8% | $128.3M+2.5% | $125.1M |
| Current Assets | $77.0M+19.2% | $64.6M+0.5% | $64.3M-6.3% | $68.6M-12.4% | $78.3M+14.9% | $68.1M+1.9% | $66.9M+7.7% | $62.1M |
| Cash & Equivalents | $17.0M+1707.3% | $943K+106.3% | $457K-61.8% | $1.2M+15.2% | $1.0M-13.9% | $1.2M-84.4% | $7.7M+457.9% | $1.4M |
| Inventory | $28.2M-34.0% | $42.7M+51.9% | $28.1M-38.5% | $45.8M-11.0% | $51.4M+3.9% | $49.5M+23.9% | $40.0M-1.1% | $40.4M |
| Accounts Receivable | $17.0M+6.2% | $16.0M+42.8% | $11.2M-22.3% | $14.4M-6.7% | $15.4M+38.2% | $11.2M-17.0% | $13.5M+0.7% | $13.4M |
| Total Liabilities | $46.4M-10.5% | $51.8M+2.5% | $50.5M-4.3% | $52.8M-26.3% | $71.6M+2.2% | $70.0M+1.6% | $68.9M+5.2% | $65.5M |
| Current Liabilities | $28.3M-15.9% | $33.6M+6.1% | $31.7M-8.9% | $34.8M-32.2% | $51.3M+13.7% | $45.1M+3.6% | $43.6M+5.2% | $41.4M |
| Long-Term Debt | $2.5M-47.5% | $4.8M+11.0% | $4.3M-19.5% | $5.4M-23.2% | $7.0M-5.0% | $7.4M-4.7% | $7.7M+38.7% | $5.6M |
| Total Equity | $65.8M-0.6% | $66.2M-0.2% | $66.3M-0.9% | $66.9M+13.5% | $59.0M-0.6% | $59.3M-0.2% | $59.4M-0.4% | $59.6M |
| Retained Earnings | -$336.2M-0.2% | -$335.6M-0.1% | -$335.1M-0.3% | -$334.2M+2.2% | -$341.7M-0.3% | -$340.7M-0.1% | -$340.3M-0.3% | -$339.4M |
Not reported in any period shown, so not listed: Goodwill.
BWEN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.8M-230.0% | $2.9M+239.0% | $857K+106.7% | -$12.7M-381.5% | $4.5M+156.3% | -$8.0M-154.3% | $14.8M+506.0% | $2.4M |
| Capital Expenditures | $454K-83.7% | $2.8M+166.1% | $1.0M-51.6% | $2.2M+344.3% | -$485K-47.1% | $916K+170.2% | $339K-54.5% | $745K |
| Free Cash Flow | -$4.2M-3430.7% | $127K+167.9% | -$187K+98.7% | -$14.9M-468.7% | $4.0M+145.1% | -$9.0M-161.9% | $14.5M+752.2% | $1.7M |
| Investing Cash Flow | N/A | -$2.7M-157.5% | -$1.0M-108.7% | $12.1M+1105.1% | -$1.2M-30.9% | -$916K-170.2% | -$339K+54.5% | -$745K |
| Financing Cash Flow | N/A | $270K+148.9% | -$552K+96.6% | -$16.1M-219.7% | $13.5M+453.9% | $2.4M+130.0% | -$8.1M-549.3% | -$1.3M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
BWEN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.6%+1.8pp | 13.8%+3.7pp | 10.1%-0.2pp | 10.2%+3.3pp | 6.9%-4.8pp | 11.7%+0.7pp | 11.0%-3.6pp | 14.6% |
| Operating Margin | -1.0%-2.2pp | 1.1%-2.3pp | 3.4%-16.3pp | 19.7%+36.1pp | -16.4%-16.9pp | 0.5%-4.2pp | 4.7%+1.4pp | 3.3% |
| Net Margin | -2.6%-1.2pp | -1.5%-0.1pp | -1.4%-18.3pp | 16.9%+23.7pp | -6.8%-5.8pp | -1.0%+1.7pp | -2.7%-2.9pp | 0.2% |
| Return on Equity | -1.0%-0.2pp | -0.8%+0.6pp | -1.3%-12.5pp | 11.2%+12.8pp | -1.7%-1.1pp | -0.6%+0.9pp | -1.5%-1.7pp | 0.1% |
| Return on Assets | -0.6%-0.2pp | -0.4%+0.3pp | -0.7%-7.0pp | 6.2%+7.0pp | -0.8%-0.5pp | -0.3%+0.4pp | -0.7%-0.8pp | 0.1% |
| Current Ratio | 2.72+0.8x | 1.92-0.1x | 2.03+0.1x | 1.97+0.4x | 1.530.0x | 1.510.0x | 1.540.0x | 1.50 |
| Debt-to-Equity | 0.040.0x | 0.070.0x | 0.070.0x | 0.080.0x | 0.120.0x | 0.120.0x | 0.130.0x | 0.09 |
| FCF Margin | -17.4%-17.8pp | 0.4%+0.7pp | -0.3%+33.3pp | -33.6%-61.4pp | 27.8%+52.1pp | -24.3%-66.4pp | 42.1%+37.3pp | 4.8% |
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Where Broadwind Inc Ranks
Frequently Asked Questions
What is Broadwind Inc's annual revenue?
Broadwind Inc (BWEN) reported $158.1M in total revenue for fiscal year 2025. This represents a 10.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Broadwind Inc's revenue growing?
Broadwind Inc (BWEN) revenue grew by 10.4% year-over-year, from $143.1M to $158.1M in fiscal year 2025.
Is Broadwind Inc profitable?
Yes, Broadwind Inc (BWEN) reported a net income of $5.2M in fiscal year 2025, with a net profit margin of 3.3%.
What is Broadwind Inc's EBITDA?
Broadwind Inc (BWEN) had EBITDA of $15.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Broadwind Inc have?
As of fiscal year 2025, Broadwind Inc (BWEN) had $457K in cash and equivalents against $4.3M in long-term debt.
What is Broadwind Inc's gross margin?
Broadwind Inc (BWEN) had a gross margin of 10.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Broadwind Inc's operating margin?
Broadwind Inc (BWEN) had an operating margin of 5.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Broadwind Inc's net profit margin?
Broadwind Inc (BWEN) had a net profit margin of 3.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Broadwind Inc's return on equity (ROE)?
Broadwind Inc (BWEN) has a return on equity of 7.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Broadwind Inc's free cash flow?
Broadwind Inc (BWEN) recorded an outflow of $19.0M in free cash flow during fiscal year 2025. This represents a -286.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Broadwind Inc's operating cash flow?
Broadwind Inc (BWEN) recorded an outflow of $15.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Broadwind Inc's total assets?
Broadwind Inc (BWEN) had $116.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Broadwind Inc's capital expenditures?
Broadwind Inc (BWEN) invested $3.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Broadwind Inc's current ratio?
Broadwind Inc (BWEN) had a current ratio of 2.03 as of fiscal year 2025, which is generally considered healthy.
What is Broadwind Inc's debt-to-equity ratio?
Broadwind Inc (BWEN) had a debt-to-equity ratio of 0.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Broadwind Inc's return on assets (ROA)?
Broadwind Inc (BWEN) had a return on assets of 4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Broadwind Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Broadwind Inc (BWEN) held $457K in cash, cash equivalents and investments, and reported an operating cash outflow of $15.4M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Broadwind Inc's Altman Z-Score?
Broadwind Inc (BWEN) has an Altman Z-Score of -0.86, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Broadwind Inc's Piotroski F-Score?
Broadwind Inc (BWEN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Broadwind Inc's earnings high quality?
For every $1 of reported earnings, Broadwind Inc (BWEN) used $2.93 of operating cash (-$15.4M OCF vs $5.2M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Broadwind Inc?
Broadwind Inc (BWEN) scores 40 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.