# Broadwind Inc. (BWEN)

**Exchange:** NASDAQ  
**Sector:** Industrials  
**Market cap:** $95M  
**Price:** $4.13 (+4.29%)

> Broadwind Inc. is a precision manufacturer specializing in structures, equipment, and components for clean technology and other specialized applications. The company serves customers in the energy, mining, infrastructure, oil and gas, wind energy, steel, material handling, and heavy construction sectors across the United States. It operates through key business segments including Heavy Fabrications, which delivers large-scale fabricated components for industrial markets; Gearing, offering gearboxes, precision machined components, gear cutting, shaping, and repair services for onshore and offshore applications; and Industrial Solutions, providing supply chain management, light fabrication, inventory solutions, kitting, and assembly primarily for the combined cycle natural gas turbine market. Broadwind Inc. excels in advanced capabilities such as heavy welding, metal rolling, coatings, heat treatment, engineering, and packaging. Founded in 1996 and headquartered in Cicero, Illinois, it acts as a critical supplier to major equipment manufacturers requiring high-value products that meet stringent quality standards for complex systems.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $158M | $16M | $9M | $5M | — |
| 2024 | $143M | $21M | $4M | $1M | — |
| 2023 | $203M | $33M | $11M | $8M | — |
| 2022 | $177M | $11M | -$7M | -$10M | — |
| 2021 | $146M | $6M | -$13M | $3M | — |
| 2020 | $198M | $18M | $422,000 | -$1M | — |
| 2019 | $178M | $15M | -$2M | -$5M | — |
| 2018 | $125M | $3M | -$25M | — | — |
| 2017 | $147M | $8M | -$7M | — | — |
| 2016 | $181M | $18M | $2M | — | — |
| 2015 | $199M | $8M | -$12M | — | — |
| 2014 | $226M | $20M | -$1M | — | — |
| 2013 | $216M | $12M | -$13M | — | — |
| 2012 | $211M | $7M | -$17M | — | — |
| 2011 | $186M | $7M | -$20M | — | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $117M | $51M | $66M | $456,000 | $10M |
| 2024 | $128M | $69M | $59M | $8M | $9M |
| 2023 | $135M | $79M | $56M | $1M | $12M |
| 2022 | $145M | $98M | $46M | $13M | $8M |
| 2021 | $118M | $64M | $54M | $852,000 | $7M |
| 2020 | $120M | $79M | $41M | $3M | $228,000 |
| 2019 | $123M | $82M | $41M | $2M | $342,000 |
| 2018 | $99M | $56M | $43M | $1M | $1M |
| 2017 | $112M | $46M | $66M | $78,000 | $797,000 |
| 2016 | $118M | $49M | $69M | $19M | $3M |
| 2015 | $110M | $42M | $67M | $6M | $3M |
| 2014 | $147M | $58M | $88M | $12M | $3M |
| 2013 | $164M | $68M | $95M | $25M | $3M |
| 2012 | $143M | $40M | $103M | $516,000 | $3M |
| 2011 | $173M | $55M | $118M | $13M | $5M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$15M | $4M | -$19M |
| 2024 | $14M | $4M | $10M |
| 2023 | -$7M | $6M | -$13M |
| 2022 | $17M | $3M | $14M |
| 2021 | -$13M | $2M | -$15M |
| 2020 | $5M | $2M | $4M |

Source: [CompaniesByCap](https://companiesbycap.com/company/BWEN)