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Broadwind, Inc.

BWEN

Broadwind, Inc. • NASDAQ
$3.03 ▼ -1.30% (-0.04)
Market Cap $69.77 M
52w High $3.28
52w Low $1.41
Dividend Yield 0%
P/E 13.17
Volume 222.01K
Outstanding Shares 23.03M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $44.239M ▲ $3.796M ▼ $7.463M ▲ 16.87% ▲ $0.32 ▲ $10.19M ▲
Q2-2025 $39.235M ▲ $4.14M ▼ $-989K ▼ -2.521% ▼ $-0.043 ▼ $1.47M ▼
Q1-2025 $36.838M ▲ $4.142M ▲ $-370K ▲ -1.004% ▲ $-0.017 ▲ $1.884M ▲
Q4-2024 $33.565M ▼ $4.077M ▲ $-914K ▼ -2.723% ▼ $-0.041 ▼ $1.487M ▼
Q3-2024 $35.503M $4.019M $74K 0.208% $0.003 $2.844M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.195M ▲ $119.648M ▼ $52.759M ▼ $66.889M ▲
Q2-2025 $1.037M ▼ $130.511M ▲ $71.558M ▲ $58.953M ▼
Q1-2025 $1.204M ▼ $129.318M ▲ $70.009M ▲ $59.309M ▼
Q4-2024 $7.721M ▲ $128.29M ▲ $68.89M ▲ $59.4M ▼
Q3-2024 $1.384M $125.124M $65.483M $59.641M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $7.463M ▲ $4.256M ▲ $12.051M ▲ $-16.149M ▼ $158.001K ▲ $3.786M ▲
Q2-2025 $-989K ▼ $-12.461M ▼ $-1.199M ▼ $13.493M ▲ $-167K ▲ $-13.661M ▼
Q1-2025 $-370K ▲ $-8.037M ▼ $-916K ▼ $2.436M ▲ $-6.517M ▼ $-8.953M ▼
Q4-2024 $-914K ▼ $14.792M ▲ $-339K ▲ $-8.116M ▼ $6.337M ▲ $14.453M ▲
Q3-2024 $74K $2.441M $-745K $-1.25M $446K $1.696M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Gearing
Gearing
 $20.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲
Heavy Fabrications
Heavy Fabrications
 $40.00M ▲$30.00M ▼$20.00M ▼$30.00M ▲
Industrial Solutions
Industrial Solutions
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has moved around a fair bit over the last several years, without a clear, steady growth path. The business tends to hover near break‑even, with very slim profit margins. Some years show small profits, others small losses. This pattern suggests a company operating in a cyclical, project‑driven market where timing of orders and capacity utilization have a big impact on earnings. Profit per share has been especially volatile, which reflects the combination of thin margins and a relatively small equity base. Overall, the income statement points to a business that can be profitable, but with earnings that are fragile and sensitive to swings in demand and pricing.

Balance Sheet

Balance Sheet The balance sheet is relatively modest in size and has stayed fairly stable over time. Total assets have not grown dramatically, which signals a cautious approach to expansion. Equity has inched up, indicating gradual value build rather than rapid growth. Debt is meaningful but not extreme, suggesting some financial leverage but not an aggressive capital structure. Cash balances are limited, which can make the company more reliant on credit lines and working capital management, especially in downturns. Overall, the balance sheet looks adequate but not overly conservative, with a reasonable cushion yet limited room for major missteps.

Cash Flow

Cash Flow Cash flow from operations has been uneven, shifting between slightly positive and slightly negative years. Free cash flow generally follows the same pattern, reflecting modest investment needs and intermittent working capital swings. Capital spending has been relatively low, which helps preserve cash but may also cap the speed of future expansion or modernization unless it increases. This cash flow profile is typical of a niche industrial manufacturer: lumpy project inflows, sensitivity to customer order schedules, and a need for tight control of inventory and receivables. The company appears able to fund itself, but with limited buffer if conditions worsen suddenly.

Competitive Edge

Competitive Edge Broadwind operates in a specialized corner of industrial manufacturing: very large, complex, high‑precision components, especially for wind energy and heavy industry. Its key edge is process expertise and the ability to handle massive structures and gears that few shops can produce reliably. A fully domestic manufacturing footprint, deep certifications, and long‑standing relationships with major equipment makers strengthen its position, particularly in a policy environment that favors local content. High capital requirements, specialized equipment, and skilled labor needs create real barriers to entry. The flip side is exposure to a concentrated set of end markets, especially wind, and dependence on policy support and industrial cycles, which can amplify demand volatility.

Innovation and R&D

Innovation and R&D Innovation at Broadwind is mostly about advanced manufacturing techniques, engineering collaboration with customers, and incremental improvements rather than headline‑grabbing new products. The company invests in design‑for‑manufacturing capabilities, custom engineering, and process enhancements such as complex machining and in‑house heat treatment. It holds a modest patent portfolio, mainly tied to wind structures and related technologies, and develops niche products like mobile pressure reducing systems. Future innovation focus areas include greater automation, higher efficiency in plants, and applying its fabrication and gearing skills to new clean‑tech and industrial applications. Overall, R&D and innovation are targeted and practical, aimed at making the company a more capable and sticky partner for large industrial customers.

Summary

Broadwind is a niche industrial manufacturer with specialized skills in very large, high‑precision components, particularly serving the wind and heavy industrial markets. Financially, it runs with thin margins, modest but stable assets, and moderate leverage, resulting in earnings and cash flows that can swing noticeably with market conditions. Its competitive strengths lie in domestic manufacturing, technical expertise, and integrated solutions that simplify life for large customers, all supported by meaningful barriers to entry. However, the company is exposed to cyclical demand, policy shifts in renewable energy, and customer concentration. The long‑term story depends on its ability to stabilize profitability, deepen diversification beyond wind, and steadily upgrade its manufacturing efficiency and technology base.

NEWS

November 13, 2025 · 7:00 AM UTC

Broadwind Announces Third Quarter 2025 Results

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October 30, 2025 · 7:00 AM UTC

Broadwind Announces Third Quarter 2025 Results Conference Call and Webcast Date

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October 18, 2025 · 10:00 AM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Broadwind, Inc. - BWEN

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October 13, 2025 · 1:42 PM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Broadwind, Inc. - BWEN

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October 8, 2025 · 6:00 PM UTC

Broadwind Awarded $11 Million in New Tower Orders

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