Saturday 17 October 2026
Export BWFG’s income statement to Excel — free account
Bankwell Financial Group, Inc.
BWFG Financial Banks Regional
Bankwell Financial Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $207.7 million, up 6.13% from fiscal 2024. In the quarter to June 2026, revenue grew 9.58%, EPS grew 33.6%, free cash flow grew 64.7% and total debt fell 31.0%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.
65.54
0.37
+0.57%
Follow BWFG
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
19.54 | 18.73 | 12.87 | 12.43 | 26.07 | 9.69 | 5.88 | 6.23 | 26.40 | 10.23 |
Piotroski F-Score |
4 | 5 | 6 | 5 | 3 | 7 | 7 | 5 | 5 | 6 |
P/S ratio |
3.72 | 3.37 | 2.64 | 2.54 | 1.88 | 2.91 | 1.78 | 1.15 | 1.23 | 1.71 |
P/FCF ratio |
26.42 | 13.65 | 13.33 | 37.37 | 82.78 | 6.52 | 2.77 | 7.43 | 8.19 | 13.09 |
P/Operating CF |
39.73 | 38.11 | 45.23 | 23.05 | 21.64 | 57.44 | 12.16 | (421.29) | 16.78 | 47.05 |
P/B ratio |
1.62 | 1.59 | 1.27 | 1.23 | 0.86 | 1.25 | 0.90 | 0.84 | 0.89 | 1.18 |
Price to Tangible BV |
1.66 | 1.61 | 1.29 | 1.25 | 0.87 | 1.27 | 0.91 | 0.84 | 0.90 | 1.19 |
EV/Sales |
5.12 | 5.39 | 3.92 | 3.64 | (0.72) | (0.08) | 0.15 | 0.58 | 0.47 | 1.49 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
18.75 | 19.86 | 16.46 | 48.39 | 38.53 | (0.21) | 0.22 | 3.51 | 3.08 | 10.96 |
EV/FCF |
36.31 | 21.85 | 19.77 | 53.60 | (31.92) | (0.18) | 0.24 | 3.75 | 3.14 | 11.42 |
Quick Ratio |
0.07 | 0.05 | 0.05 | 0.05 | 0.22 | 0.16 | 0.12 | 0.10 | 0.11 | 0.08 |
Current Ratio |
1.11 | 1.13 | 1.10 | 1.10 | 1.08 | 1.03 | 1.06 | 1.06 | 1.06 | 1.06 |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Assets |
11.36% | 12.47% | 9.88% | 9.31% | 8.89% | 3.44% | 4.89% | 4.95% | 4.88% | 5.35% |
Debt/Equity |
1.27 | 1.39 | 1.06 | 0.96 | 1.13 | 0.42 | 0.67 | 0.60 | 0.59 | 0.60 |
Asset Turnover |
0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.06 | 0.06 | 0.06 |
Operating CF/Net income |
1.43 | 1.51 | 1.16 | 0.37 | (0.26) | 1.33 | 2.26 | 0.89 | 3.14 | 0.81 |
Capex/Depreciation |
(2.39) | (1.22) | (1.94) | (0.21) | 0.90 | 1.04 | (1.29) | (0.52) | (0.15) | (0.26) |
| 8.72% | 8.90% | 10.26% | 10.10% | 3.24% | 13.78% | 16.63% | 14.16% | 3.55% | 12.16% | |
| 0.82% | 0.80% | 0.94% | 0.96% | 0.28% | 1.11% | 1.28% | 1.10% | 0.29% | 1.05% | |
ROIC |
4.88% | 5.00% | 4.70% | 5.13% | 0.00% | 0.00% | 71.83% | 19.27% | 6.80% | 11.83% |
Return on Tangible Assets |
7.33% | 6.68% | 9.74% | 10.18% | 3.57% | 31.38% | 19.55% | 17.35% | 5.28% | 18.46% |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
52.32% | 44.50% | 46.54% | 40.89% | 62.73% | 45.59% | 41.16% | 26.52% | 37.64% | 28.80% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
1.87% | 1.21% | 1.54% | 1.16% | 2.20% | 2.11% | 1.95% | 1.59% | 1.53% | 1.13% |
Graham Net Nets |
(0.16) | (0.15) | (0.13) | (0.12) | (0.39) | (0.11) | 0.01 | 0.09 | (0.01) | (0.04) |
Graham Number |
26.98 | 29.35 | 33.64 | 35.03 | 19.64 | 44.71 | 58.60 | 60.86 | 30.52 | 62.62 |
Earnings Yield |
5.12% | 5.34% | 7.77% | 8.04% | 3.84% | 10.32% | 17.02% | 16.06% | 3.79% | 9.78% |
Free Cash Flow Yield |
3.78% | 7.33% | 7.50% | 2.68% | 1.21% | 15.34% | 36.13% | 13.46% | 12.21% | 7.64% |
Revenue per Share |
8.61 | 10.01 | 10.87 | 11.37 | 10.40 | 11.29 | 16.00 | 25.47 | 25.38 | 26.80 |
Operating CF per Share |
2.35 | 2.72 | 2.59 | 0.85 | (0.20) | 4.48 | 10.93 | 4.21 | 3.88 | 3.65 |
Capex per Share |
(1.14) | (0.25) | (0.43) | (0.08) | 0.43 | 0.55 | (0.66) | (0.27) | (0.08) | (0.15) |
Free Cash Flow per Share |
1.21 | 2.47 | 2.15 | 0.77 | 0.24 | 5.04 | 10.27 | 3.94 | 3.80 | 3.50 |
Cash per Share |
13.03 | 9.34 | 10.12 | 10.06 | 53.00 | 44.73 | 47.03 | 35.47 | 39.89 | 29.02 |
Shareholders Equity per Share |
19.73 | 21.27 | 22.56 | 23.51 | 22.85 | 26.21 | 31.53 | 35.02 | 35.09 | 38.90 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
19.73 | 21.27 | 22.56 | 23.51 | 22.85 | 26.21 | 31.53 | 35.02 | 35.09 | 38.90 |
Free Cash Flow |
8.97 | 18.70 | 16.63 | 5.99 | 1.83 | 38.82 | 77.71 | 29.88 | 29.32 | 27.13 |
Working Capital |
147.49 | 186.04 | 156.95 | 148.27 | 140.96 | 57.53 | 160.11 | 178.80 | 156.51 | 166.83 |
Capital Expenditures |
(8.40) | (1.87) | (3.35) | (0.64) | 3.34 | 4.26 | (4.96) | (2.04) | (0.61) | (1.14) |
Net Current Asset Value |
(37.56) | (38.06) | (28.21) | (26.93) | (59.30) | (26.92) | 1.15 | 19.59 | (2.94) | (12.86) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.13 | 0.02 | 0.04 | 0.01 | (0.04) | (0.05) | 0.04 | 0.01 | 0.00 | 0.01 |
Price to Operating Income |
13.05 | 10.16 | 10.52 | 9.78 | 20.69 | 7.47 | 4.48 | 4.62 | 18.02 | 7.32 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.20 | 0.08 | 0.09 | 0.11 | 0.17 | 0.16 | 0.14 | 0.15 | 0.17 | 0.20 |
Cash ROIC |
2.10% | 4.10% | 3.80% | 1.37% | 0.23% | 6.15% | 10.32% | 4.31% | 3.98% | 3.84% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.03 | 0.04 | 0.04 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
39,544.34 | 30,315.25 | 23,098.79 | 18,657.09 | 29,444.21 | 57,469.18 | 44,060.80 | 10,628.35 | 9,359.25 | 10,390.78 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
1,167.99 | 1,343.72 | 1,450.32 | 1,497.07 | 1,659.61 | 1,975.66 | 2,462.41 | 2,768.79 | 2,762.16 | 2,808.53 |
Average Assets |
1,479.65 | 1,712.76 | 1,835.14 | 1,877.92 | 2,067.96 | 2,355.01 | 2,854.36 | 3,233.97 | 3,241.98 | 3,314.17 |
Average Common Equity |
138.83 | 153.46 | 167.61 | 178.30 | 179.50 | 189.29 | 220.23 | 252.11 | 268.14 | 286.00 |
Columns are period end dates