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Broadwind, Inc.

BWEN NASDAQ Categories PDF
Industrials · Industrial - Machinery · United States · Updated May 11, 1:56pm
$2.06
Price
$48.2M
Market Cap
411
Employees
1.74
Beta
Eric Blashford
CEO
Business Description

Broadwind, Inc. manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets. It offers steel towers and adapters primarily to wind turbine manufacturers. The Gearing segment provides gearing, and gearboxes and systems for onshore and offshore oil and gas fracking and drilling, surface and underground mining, wind energy, steel, material handling, and other infrastructure markets. This segment also offers heat treat services for aftermarket and original equipment manufacturer applications. The Industrial Solutions segment provides supply chain solutions for offering instrumentation and controls, valve assemblies, sensor devices, fuel system components, electrical junction boxes and wiring, energy storage services, and electromechanical devices; light fabrication, inventory management, and kitting and assembly services; packaging solutions; and fabricating services for panels and sub-assemblies to combined cycle natural gas turbine market. The company sells its products to the energy, mining, and infrastructure sector customers through its direct sales force and independent sales agents. The company was formerly known as Broadwind Energy, Inc. and changed its name to Broadwind, Inc. in May 2020. Broadwind, Inc. is headquartered in Cicero, Illinois.

Business History
Price Overview
Last updated: May 11, 2026 1:56pm (just now)
$2.06
-0.08 (-3.74%)
Day Range
$2.01 – $2.18
52-Week Range
$1.45 – $4.15
50-Day MA
$2.27
200-Day MA
$2.53
Volume
384,147.99
Analyst Price Targets
Low $3.00
Consensus $3.50
High $4.00
(2 analysts)
Share Structure
Outstanding 23,404,100.00
Float 20,222,745.00
Free Float 86.4%
High free float — 86.4% of shares trade freely, ~13.6% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
9.13
Stock Price: $2.06
EPS (Diluted): 0.23
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
0.98
Stock Price: $2.06
Total Equity: $66.29M
Shares: 22,980,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
5.08
Market Cap: $48.21M
Total Debt: $14.55M
Cash: $456,000
EBITDA: $6.76M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$92.6M
Market Cap: $48.21M
Total Debt: $14.55M
Cash: $456,000
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
10.2%
Gross Profit: $16.13M
Revenue: $158.05M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
0.3%
Operating Income: $451,000
Revenue: $158.05M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
3.3%
Net Income: $5.24M
Revenue: $158.05M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
8.3%
Net Income: $5.24M
Total Equity: $66.29M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
0.5%
Operating Income: $451,000
Tax Rate: 1.6%
Equity: $66.29M
Total Debt: $14.55M
Cash: $456,000
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
2.03
Current Assets: $64.27M
Current Liabilities: $31.68M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.22
Short-Term Debt: $9.45M
Long-Term Debt: $5.09M
Total Debt: $14.55M
Total Equity: $66.29M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$6.88
Revenue: $158.05M
Shares: 22,980,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$2.88
Total Equity: $66.29M
Shares: 22,980,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-0.83
Operating CF: -$15.39M
CapEx: -$3.63M
Shares: 22,980,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $2.06
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: $5.24M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BWEN against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $145.6M $176.8M $203.5M $143.1M $158.1M
Cost of Revenue $140.1M $166.0M $171.0M $121.9M $141.9M
Gross Profit $5.5M $10.7M $32.5M $21.2M $16.1M
Operating Expenses $18.1M $17.3M $21.4M $17.0M $15.0M
Operating Income -$12.6M -$6.6M $11.1M $4.2M $451,000
Net Income $2.8M -$9.7M $7.6M $1.2M $5.2M
EBITDA $10.3M $-417,000 $17.5M $11.0M $6.8M
EPS $0.15 $-0.48 $0.36 $0.05 $0.23
EPS (Diluted)
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $852,000 $12.7M $1.1M $7.7M $456,000
Total Current Assets $52.3M $79.3M $69.7M $66.9M $64.3M
Total Assets $118.0M $144.5M $135.2M $128.3M $116.8M
Current Liabilities $42.7M $70.2M $53.6M $43.6M $31.7M
Long-Term Debt $177,000 $7.1M $6.3M $7.7M $5.1M
Total Liabilities $63.9M $98.3M $79.1M $68.9M $50.5M
Total Equity $54.1M $46.3M $56.0M $59.4M $66.3M
Retained Earnings -$339.4M -$349.1M -$341.5M -$340.3M -$335.1M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$12.8M $16.6M -$6.9M $13.8M -$15.4M
Capital Expenditure -$1.7M -$3.1M -$6.4M -$3.6M -$3.6M
Free Cash Flow -$14.5M $13.5M -$13.4M $10.2M -$19.0M
Acquisitions (net) $0 $0 $0 $0 $12.5M
Debt Repayment
Dividends Paid
Stock Buybacks -$1.4M $0 $0 $0 $0
Net Change in Cash -$2.5M $11.9M -$11.6M $6.6M -$7.3M
Analyst Estimates (Annual)
Metric 2024 2025 2026 2027
Revenue $141.7M
$140.9M – $142.6M
$156.8M
$156.3M – $157.3M
$145.0M
$143.5M – $146.5M
$170.2M
$167.4M – $173.0M
EBITDA $7.8M
$7.7M – $7.8M
$8.6M
$8.6M – $8.6M
$7.9M
$7.9M – $8.0M
$9.3M
$9.2M – $9.5M
Net Income $454,291
$443,913 – $464,668
-$2.9M
-$2.9M – -$2.8M
-$2.1M
-$3.1M – $-919,196
$2.6M
$1.0M – $4.2M
EPS
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +21.4% +15.1% -29.7% +10.4%
Gross Profit Growth +94.3% +203.5% -34.8% -23.9%
Operating Income Growth +47.5% +268.6% -62.1% -89.3%
Net Income Growth -441.8% +178.6% -84.9% +355.0%
EBITDA Growth -104.0% +4,290.4% -37.1% -38.5%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2025-06-09 Schueller Daniel E. S-Sale 3,000.00 $1.94 $5,831
2025-05-27 Ciccone Thomas A F-InKind 1,032.00 $1.72 $1,775
2025-05-27 Mayo Gilbert W. Jr. F-InKind 711.00 $1.72 $1,223
2025-05-27 Blashford Eric B. F-InKind 3,352.00 $1.72 $5,765
2025-05-15 Shivaram Sachin M A-Award 21,164.00 $0.00 $0
2025-05-15 Schueller Daniel E. A-Award 20,477.00 $0.00 $0
2025-05-15 REILAND DAVID P A-Award 21,164.00 $0.00 $0
2025-05-15 Press Jeanette A. A-Award 21,164.00 $0.00 $0
2025-05-15 Ciccone Thomas A A-Award 22,317.00 $0.00 $0
2025-05-16 Ciccone Thomas A F-InKind 1,614.00 $1.88 $3,034
2025-05-15 Christman Philip J A-Award 21,164.00 $0.00 $0
2025-05-15 Blashford Eric B. A-Award 61,875.00 $0.00 $0
2025-05-16 Blashford Eric B. F-InKind 5,165.00 $1.88 $9,710
2025-05-15 Mayo Gilbert W. Jr. A-Award 12,356.00 $0.00 $0
2025-05-16 Mayo Gilbert W. Jr. F-InKind 1,089.00 $1.88 $2,047
2025-05-15 Wood Cary B A-Award 21,164.00 $0.00 $0
2025-04-25 Mayo Gilbert W. Jr. F-InKind 1,193.00 $1.49 $1,778
2025-04-25 Blashford Eric B. F-InKind 5,654.00 $1.49 $8,424
2025-04-25 Ciccone Thomas A F-InKind 968.00 $1.49 $1,442
2025-02-26 Blashford Eric B. A-Award 146,094.00 $0.00 $0
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27