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B

BW Energy BWE.OL · NOK

Energy · Oslo Børs · 🇳🇴 Norway

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46.30

-1.07%

Close of 9 Nov 2026, in NOK

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$778.3m

FY2016FY2025

Net income

$133.1m

FY2016FY2025

Free cash flow

−$130.3m

FY2016FY2025

Shareholders' equity

$1.00bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$778.3m$795.2m$507.3m$277.6m$271.5m$160.3m$282.4m$39.2m——
Operating income$211.7m$276.5m$141.1m$94.1m$98.4m$1.7m$117.3m$13.3m−$2.6m$100,000
Net income$133.1m$165.9m$81.0m$45.0m$52.0m−$41.1m$58.0m$2.6m−$2.8m$100,000
Diluted earnings per share0.520.650.310.170.20-0.180.250.01-0.010.00

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$2.48bn$1.97bn$1.74bn$1.21bn$957.5m$763.1m$737.8m$341.1m$101.4m$2.9m
Cash and short-term investments$150.5m$221.8m$194.2m$210.8m$150.9m$120.6m$81.0m$8.3m$18.5m$2.9m
Total liabilities$1.48bn$1.11bn$1.04bn$590.0m$388.3m$319.9m$374.7m$111.6m$55.9m$2.5m
Debt$927.7m$692.9m$519.0m$420.9m$233.2m$252.2m$244.6m———
Shareholders' equity$1.00bn$861.6m$697.6m$615.3m$569.2m$443.2m$363.1m$152.1m$29.6m$400,000
Shares outstanding258m255m260m260m258m228m234m234m258m258m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$315.0m$347.7m$181.0m$168.5m$108.9m$49.5m$203.2m−$29.7m−$6.4m—
Capital spending−$445.3m−$341.3m−$335.0m−$239.9m−$121.2m−$74.5m−$152.5m−$191.8m−$18.1m—
Free cash flow−$130.3m$6.4m−$154.0m−$71.4m−$12.3m−$25.0m$50.7m−$221.5m−$24.5m—

Financial ratios

Data as of 2 Nov 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin29.2%33.4%27.9%36.3%36.2%1.7%
Net margin17.1%20.9%16.0%16.2%19.2%-25.6%
Return on equity13.3%19.3%11.6%7.3%9.1%-9.3%
Return on assets5.4%8.4%4.7%3.7%5.4%-5.4%
Free cash flow yield5.4%5.0%3.6%2.9%1.6%1.0%
Revenue growth-2.1%56.8%82.7%2.2%69.4%-43.2%
Earnings growth-19.8%104.8%80.0%-13.5%-226.5%-170.9%
Current ratio1.19x1.04x0.83x1.33x2.23x2.68x
Debt to equity0.63x0.70x0.59x0.38x-0.09x0.04x
Equity ratio40.3%43.7%40.1%51.0%59.4%58.1%
Interest coverage42.81x7.45x5.44x5.90x7.87x0.20x
Buybacks as a share of market value-1.4%2.1%0.0%-0.8%-13.1%2.7%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue41.0%37.2%—
Operating income31.0%162.5%—
Net income43.5%——

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020
Price to earnings9.73.89.215.410.6-16.3
Price to sales1.70.81.52.52.04.2

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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