BWXT · Bwx Technologies, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $860.22M | - | $866.29M | $764.04M | $682.26M | - | $671.96M | $681.47M | $603.97M | - |
| Cost of Revenue | $662.85M | - | $677.29M | $572.64M | $517.07M | - | $508.00M | $471.32M | $455.36M | - |
| Gross Profit | $197.37M | - | $188.99M | $191.40M | $165.19M | - | $163.96M | $210.14M | $148.61M | - |
| R&D | $4.10M | - | $3.48M | $4.57M | $2.01M | - | $2.08M | $1.27M | $1.49M | - |
| SG&A | $108.02M | - | $93.38M | $102.94M | $87.57M | - | $80.83M | $79.78M | $67.36M | - |
| Total Operating Expenses | $775.09M | - | $774.15M | $680.16M | $602.22M | - | $590.91M | $594.24M | $524.21M | - |
| D&A | $29.01M | - | - | - | $23.91M | - | - | - | $20.55M | - |
| Operating Income | $106.69M | - | $113.35M | $102.42M | $96.63M | - | $96.58M | $98.81M | $92.96M | - |
| Interest Expense | $4.73M | - | $14.02M | $11.74M | $9.60M | - | $12.18M | $12.21M | $9.60M | - |
| Income Tax | $16.13M | - | $25.38M | $19.30M | $16.29M | - | $20.98M | $18.58M | $19.84M | - |
| Net Income | $91.07M | - | $82.11M | $78.39M | $75.46M | - | $69.48M | $72.97M | $68.47M | - |
| EPS - Basic | $0.99 | - | $0.90 | $0.86 | $0.82 | - | $0.76 | $0.80 | $0.75 | - |
| EPS - Diluted | $0.99 | - | $0.89 | $0.85 | $0.82 | - | $0.76 | $0.79 | $0.75 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $512.36M | $499.78M | $79.59M | $36.98M | $55.44M | $74.11M | $35.52M | $48.34M | $45.90M | $75.77M |
| Accounts Receivable | $185.22M | $220.39M | $181.17M | $148.76M | $89.14M | $99.11M | $90.23M | $89.37M | $85.02M | $70.18M |
| Inventory | $45.60M | $46.54M | $57.80M | $51.56M | $49.65M | $40.30M | $37.50M | $32.30M | $41.40M | $27.40M |
| Accounts Payable | $216.22M | $141.29M | $211.69M | $191.50M | $161.63M | $158.08M | $172.21M | $164.31M | $147.84M | $126.65M |
| Current Assets | $1.62B | $1.56B | $1.10B | $996.88M | $975.78M | $930.00M | $982.95M | $909.84M | $864.66M | $817.80M |
| Total Assets | $4.32B | $4.27B | $3.78B | $3.70B | $3.05B | $2.87B | $2.95B | $2.84B | $2.79B | $2.75B |
| Current Liabilities | $674.22M | $672.02M | $646.56M | $590.19M | $483.94M | $474.20M | $437.47M | $408.58M | $386.82M | $375.05M |
| Long-term Debt | $2.02B | $2.02B | $1.50B | $1.52B | $1.19B | $1.04B | $1.22B | $1.20B | $1.22B | $1.20B |
| Total Liabilities | $3.04B | $3.04B | - | - | - | $1.79B | - | - | - | - |
| Stockholders' Equity | $1.28B | $1.23B | $1.24B | $1.18B | $1.10B | $1.08B | $1.06B | $998.49M | $946.22M | $933.35M |
| Retained Earnings | $2.59B | $2.52B | $2.45B | $2.39B | $2.34B | $2.29B | $2.24B | $2.19B | $2.14B | $2.09B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $92.60M | - | - | - | $50.65M | - | - | - | $33.03M | - |
| Investing Cash Flow | ($46.94M) | - | - | - | ($156.35M) | - | - | - | ($30.32M) | - |
| Financing Cash Flow | ($34.20M) | - | - | - | $84.79M | - | - | - | ($32.16M) | - |
| CapEx | $42.51M | - | - | - | $33.37M | - | - | - | $30.42M | - |
| Free Cash Flow | $50.09M | - | - | - | $17.28M | - | - | - | $2.60M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 22.9% | - | 21.8% | 25.1% | 24.2% | - | 24.4% | 30.8% | 24.6% | - |
| Operating margin | 12.4% | - | 13.1% | 13.4% | 14.2% | - | 14.4% | 14.5% | 15.4% | - |
| EBITDA margin | 15.8% | - | - | - | 17.7% | - | - | - | 18.8% | - |
| Net margin | 10.6% | - | 9.5% | 10.3% | 11.1% | - | 10.3% | 10.7% | 11.3% | - |
| Free cash flow margin | 5.8% | - | - | - | 2.5% | - | - | - | 0.4% | - |
| FCF / Net income | 0.55 | - | - | - | 0.23 | - | - | - | 0.04 | - |
| R&D / Revenue | 0.5% | - | 0.4% | 0.6% | 0.3% | - | 0.3% | 0.2% | 0.2% | - |
| SG&A / Revenue | 12.6% | - | 10.8% | 13.5% | 12.8% | - | 12.0% | 11.7% | 11.2% | - |
| Effective tax rate | 15.0% | - | 23.6% | 19.8% | 17.8% | - | 23.2% | 20.3% | 22.5% | - |
| Return on assets | 2.1% | - | 2.2% | 2.1% | 2.5% | - | 2.4% | 2.6% | 2.5% | - |
| Return on equity | 7.1% | - | 6.6% | 6.6% | 6.9% | - | 6.6% | 7.3% | 7.2% | - |
| Return on invested capital | 2.7% | - | 3.2% | 3.0% | 3.5% | - | 3.3% | 3.6% | 3.3% | - |
| Liquidity | ||||||||||
| Current ratio | 2.40 | 2.32 | 1.71 | 1.69 | 2.02 | 1.96 | 2.25 | 2.23 | 2.24 | 2.18 |
| Quick ratio | 2.33 | 2.25 | 1.62 | 1.60 | 1.91 | 1.88 | 2.16 | 2.15 | 2.13 | 2.11 |
| Cash ratio | 0.76 | 0.74 | 0.12 | 0.06 | 0.11 | 0.16 | 0.08 | 0.12 | 0.12 | 0.20 |
| Leverage | ||||||||||
| Debt / Equity | 1.58 | 1.64 | 1.21 | 1.28 | 1.08 | 0.97 | 1.15 | 1.21 | 1.29 | 1.29 |
| Debt / Assets | 0.47 | 0.47 | 0.40 | 0.41 | 0.39 | 0.36 | 0.41 | 0.42 | 0.44 | 0.44 |
| Debt / EBITDA | 14.87 | - | - | - | 9.83 | - | - | - | 10.75 | - |
| Interest coverage | 22.5x | - | 8.1x | 8.7x | 10.1x | - | 7.9x | 8.1x | 9.7x | - |
| Equity multiplier | 3.38 | 3.47 | 3.05 | 3.12 | 2.78 | 2.66 | 2.78 | 2.84 | 2.95 | 2.94 |
| Liabilities / Assets | 0.70 | 0.71 | - | - | - | 0.62 | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | - | 0.23 | 0.21 | 0.22 | - | 0.23 | 0.24 | 0.22 | - |
| Inventory turnover | 14.54 | - | 11.72 | 11.11 | 10.41 | - | 13.55 | 14.59 | 11.00 | - |
| Days sales outstanding | 79d | - | 76d | 71d | 48d | - | 49d | 48d | 51d | - |
| Days inventory outstanding | 25d | - | 31d | 33d | 35d | - | 27d | 25d | 33d | - |
| Days payable outstanding | 119d | - | 114d | 122d | 114d | - | 124d | 127d | 119d | - |
| Cash conversion cycle | -15d | - | -7d | -18d | -31d | - | -48d | -54d | -34d | - |
| Valuation | ||||||||||
| P / E | 206.6x | - | 207.2x | 169.5x | 120.3x | - | 143.0x | 120.3x | 136.8x | - |
| P / B | 14.7x | - | 13.6x | 11.2x | 8.2x | - | 9.4x | 8.7x | 10.0x | - |
| P / S | 21.8x | - | 19.5x | 17.3x | 13.3x | - | 14.9x | 12.8x | 15.6x | - |
| EV / EBITDA | 149.6x | - | - | - | 84.6x | - | - | - | 93.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 26.1% | - | 28.9% | 12.1% | 13.0% | - | 13.9% | 11.3% | 6.3% | - |
| Revenue CAGR (3y) | 14.8% | - | 18.3% | 11.3% | 8.7% | - | 10.4% | 10.5% | 4.6% | - |
| Revenue CAGR (5y) | 10.2% | - | 10.8% | 8.7% | 4.7% | - | 5.8% | 7.7% | 7.7% | - |
| Gross profit growth (YoY) | 19.5% | - | 15.3% | -8.9% | 11.2% | - | 6.7% | 48.9% | 8.3% | - |
| Operating income growth (YoY) | 10.4% | - | 17.4% | 3.7% | 3.9% | - | 13.1% | 14.0% | 5.8% | - |
| Net income growth (YoY) | 20.7% | - | 18.2% | 7.4% | 10.2% | - | 15.3% | 24.5% | 12.1% | - |
| EPS growth (YoY) | 20.7% | - | 17.1% | 7.6% | 9.3% | - | 15.2% | 23.4% | 11.9% | - |
| EPS CAGR (3y) | 13.9% | - | 9.9% | 1.2% | 8.6% | - | 6.5% | 8.4% | 0.9% | - |
| EPS CAGR (5y) | 6.3% | - | 3.2% | 4.9% | 0.7% | - | -0.5% | 5.0% | 8.0% | - |
| FCF growth (YoY) | 189.9% | - | - | - | 563.6% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 16.4% | 14.0% | 17.3% | 18.6% | 16.3% | 15.8% | 21.4% | 18.6% | 20.1% | 24.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$3.20B totalGovernment Operations Segment$2.35B · 73.4%
Commercial Operations Segment$853.07M · 26.6%
Product / service
$3.20B totalNuclear Component Program$1.80B · 56.1%
Nuclear Manufacturing$429.22M · 13.4%
Nuclear Servicesand Engineering$423.85M · 13.2%
Uranium And Nuclear Services$406.56M · 12.7%
Commercial Operations$147.14M · 4.6%
Geographic
$2.22B totalUS$2.20B · 99.1%
Other Geographic Location$15.73M · 0.7%
CA$3.62M · 0.2%
Peer comparison
Same SIC group: Engines & Turbines
Comparing BWX Technologies against the 5 most active filers in the same SIC group.
Dividends
$1.04/share trailing 12 months · +6.1% YoY
| Ex-date | Per share |
|---|---|
| May 19, 2026 | $0.2700 |
| Mar 11, 2026 | $0.2700 |
| Nov 19, 2025 | $0.2500 |
| Aug 18, 2025 | $0.2500 |
| May 19, 2025 | $0.2500 |
| Mar 11, 2025 | $0.2500 |
| Nov 19, 2024 | $0.2400 |
| Aug 16, 2024 | $0.2400 |
| May 16, 2024 | $0.2400 |
| Mar 8, 2024 | $0.2400 |
| Nov 20, 2023 | $0.2300 |
| Aug 16, 2023 | $0.2300 |
| May 18, 2023 | $0.2300 |
| Mar 9, 2023 | $0.2300 |
| Nov 18, 2022 | $0.2200 |
| Aug 18, 2022 | $0.2200 |
| May 19, 2022 | $0.2200 |
| Mar 9, 2022 | $0.2200 |
| Nov 18, 2021 | $0.2100 |
| Aug 18, 2021 | $0.2100 |
| May 18, 2021 | $0.2100 |
| Mar 9, 2021 | $0.2100 |
| Nov 19, 2020 | $0.1900 |
| Aug 18, 2020 | $0.1900 |