Financials · BWXT

BWX Technologies Inc. (BWXT) financials

For the twelve months ended Sep 30, 2026, BWX Technologies Inc. reported $3.60B of revenue and $374.99M of net income.

Revenue, TTM
$3.60B
Revenue growth, YoY
+17.7%
Net income, TTM
$374.99M
Net income growth, YoY
+22.1%
Net margin
10.4%
Free cash flow, TTM
$372.32M
EPS, diluted, TTM
$4.08
EPS growth, YoY
+22.5%
Cash
$568.53M
Total debt
$2.02B
P/E
29.20
P/S
3.04
Market cap
$10.95B
Annual revenue$3.20B
FY2016FY2025
Annual net income$328.94M
FY2016FY2025
Annual free cash flow$295.29M
FY2016FY2025

BWXT revenue and earnings growth

BWXT revenueQ3 2026$952.97M

Quarter YoY
+10.0%
QoQ
+5.7%
FY YoY
+18.3%
5Y CAGR
+8.5%
10Y CAGR
+8.5%

BWXT revenue was $952.97M in fiscal Q3 2026 (ended Sep 30, 2026), up 10.0% from a year earlier and up 5.7% from the prior quarter. For the full fiscal 2025 it was $3.20B, up 18.3% from fiscal 2024. Compound annual growth was +8.5% over 5 years and +8.5% over 10 years. It rose in each of the last 10 fiscal years.

BWXT net incomeQ3 2026$101.71M

Quarter YoY
+23.9%
QoQ
+14.2%
FY YoY
+16.7%
5Y CAGR
+3.4%
10Y CAGR
+9.6%

BWXT net income was $101.71M in fiscal Q3 2026 (ended Sep 30, 2026), up 23.9% from a year earlier and up 14.2% from the prior quarter. For the full fiscal 2025 it was $328.94M, up 16.7% from fiscal 2024. Compound annual growth was +3.4% over 5 years and +9.6% over 10 years. It rose in 8 of the last 10 fiscal years.

BWXT EPSQ3 2026$1.11

Quarter YoY
+24.7%
QoQ
+14.4%
FY YoY
+16.6%
5Y CAGR
+4.2%
10Y CAGR
+11.4%

BWXT diluted EPS was $1.11 in fiscal Q3 2026 (ended Sep 30, 2026), up 24.7% from a year earlier and up 14.4% from the prior quarter. For the full fiscal 2025 it was $3.58, up 16.6% from fiscal 2024. Compound annual growth was +4.2% over 5 years and +11.4% over 10 years.

BWXT free cash flowQ3 2026$150.45M

Quarter YoY
+58.5%
QoQ
+30.9%
FY YoY
+15.9%
10Y CAGR
+1.0%

BWXT free cash flow was $150.45M in fiscal Q3 2026 (ended Sep 30, 2026), up 58.5% from a year earlier and up 30.9% from the prior quarter. For the full fiscal 2025 it was $295.29M, up 15.9% from fiscal 2024. Compound annual growth was +1.0% over 10 years. It rose in 3 of the last 4 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

Export CSV

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$3.20B$2.70B$2.50B$2.23B$2.12B$2.12B$1.89B$1.80B$1.69B$1.55B
Cost of revenue$2.47B$2.05B$1.88B$1.68B$1.57B$1.55B$1.36B$1.30B$1.19B$1.09B
Gross profit$732.86M$655.21M$620.59M$551.93M$550.28M$575.40M$533.86M$504.01M$495.75M$464.23M
Research and development$13.87M$7.48M$7.61M$9.54M$11.06M$14.19M$17.67M$15.22M$7.19M$6.41M
Selling, general and admin$394.42M$318.66M$279.69M$234.28M$230.40M$231.17M$216.77M$214.09M$210.15M$209.51M
Operating income$404.46M$380.61M$383.06M$348.57M$345.85M$358.55M$325.52M$304.98M$292.22M$234.43M
Interest expense$44.21M$39.48M$47.04M$36.41M$35.76M$31.01M$35.32M$27.82M$14.88M$8.39M
Pre-tax income$398.12M$348.72M$321.40M$314.38M$395.71M$362.17M$313.74M$280.14M$295.78M$257.27M
Income tax$68.26M$66.42M$75.08M$75.76M$89.42M$82.98M$69.06M$52.84M$147.41M$73.66M
Net income$328.94M$281.94M$245.85M$238.19M$305.87M$278.67M$244.12M$226.96M$147.84M$183.06M
EPS, basic$3.59$3.08$2.68$2.60$3.24$2.92$2.56$2.29$1.49$1.79
EPS, diluted$3.58$3.07$2.68$2.60$3.24$2.91$2.55$2.27$1.47$1.76
Diluted shares91.9M91.9M91.9M91.7M94.5M95.7M95.8M100.0M100.4M103.8M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$499.78M$80.57M$81.61M$40.99M$39.77M$48.30M$92.40M$36.41M$213.14M$134.60M
Short-term investments--$0$3.80M$3.81M$3.71M$5.84M$3.60M$2.93M$14.52M
Receivables$220.39M$99.11M$70.18M$60.78M$70.66M$153.37M$56.72M$71.57M$189.22M$135.95M
Inventory$46.54M$40.29M$27.40M$22.90M$16.30M$15.00M$17.10M$16.00M$8.60M$7.70M
Current assets$1.56B$930.00M$817.80M$771.62M$773.73M$773.60M$629.75M$542.45M$873.09M$693.57M
Goodwill$500.86M$287.36M$297.02M$293.17M$285.50M$283.71M$275.50M$274.08M$218.33M$210.79M
Total assets$4.27B$2.87B$2.75B$2.62B$2.50B$2.29B$1.91B$1.66B$1.71B$1.58B
Current liabilities$672.02M$474.20M$375.05M$367.86M$459.62M$529.73M$404.71M$377.35M$528.13M$439.88M
Short-term debt$0$12.50M$6.25M$6.25M$0$0$14.71M$14.23M$27.87M$27.37M
Long-term debt$2.02B$1.04B$1.20B$1.28B$1.19B$862.73M$809.44M$753.62M$481.06M$497.72M
Total debt$2.02B$1.06B$1.21B$1.29B$1.19B$862.73M$824.15M$767.84M$508.93M$525.09M
Total liabilities$3.04B$1.79B$1.81B$1.87B$1.86B$1.68B$1.50B$1.42B$1.43B$1.43B
Shareholders' equity$1.23B$1.08B$933.30M$748.36M$637.24M$617.77M$404.11M$235.70M$285.76M$150.41M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$479.85M$408.43M$363.70M$244.70M$386.03M$196.44M$279.37M$169.29M$221.96M$239.91M
Capital expenditures$184.56M$153.65M$151.29M$198.31M$311.05M$255.03M$182.12M$109.34M$96.88M$52.63M
Free cash flow$295.29M$254.78M$212.41M$46.39M$74.97M-$58.59M$97.24M$59.95M$125.08M$187.27M
Investing cash flow-$742.11M-$154.56M-$155.64M-$256.24M-$304.65M-$265.32M-$180.00M-$326.72M-$89.68M-$188.92M
Financing cash flow$693.64M-$252.78M-$169.37M$13.95M-$90.14M$25.05M-$43.71M-$9.32M-$61.18M-$88.90M
Dividends paid$92.47M$88.35M$84.97M$81.07M$79.67M$72.94M$65.37M$63.82M$42.04M$37.37M
Share repurchases$30.00M$20.00M$0$20.00M$225.79M$21.96M$20.00M$214.76M$0$293.00M
Stock-based compensation$26.07M$21.68M$15.90M$14.13M$18.61M$16.84M$12.73M$11.88M$15.22M$15.37M
Depreciation and amortization$109.19M$85.86M$78.57M$73.84M$69.08M$60.67M$61.72M$60.10M$56.56M$50.55M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY18.3%8.3%11.8%5.1%0.0%12.1%5.3%6.6%8.8%9.5%
Net income growth, YoY16.7%14.7%3.2%-22.1%9.8%14.2%7.6%53.5%-19.2%39.2%
EPS growth, YoY16.6%14.6%3.1%-19.8%11.3%14.1%12.3%54.4%-16.5%44.3%
Gross margin22.9%24.2%24.9%24.7%25.9%27.1%28.2%28.0%29.4%29.9%
Operating margin12.6%14.1%15.3%15.6%16.3%16.9%17.2%16.9%17.3%15.1%
Net margin10.3%10.4%9.8%10.7%14.4%13.1%12.9%12.6%8.8%11.8%
Free cash flow margin9.2%9.4%8.5%2.1%3.5%-2.8%5.1%3.3%7.4%12.1%
Return on equity26.7%26.1%26.3%31.8%48.0%45.1%60.4%96.3%51.7%121.7%
Return on assets7.7%9.8%8.9%9.1%12.2%12.2%12.8%13.7%8.6%11.6%
Current ratio2.321.962.182.101.681.461.561.441.651.58
Debt to equity1.640.981.301.721.871.402.043.261.783.49

Source: XBRL data BWX Technologies Inc. files with the SEC, latest filing dated Nov 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BWXT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BWXT$3.60B+17.7%$374.99M10.4%$10.95B
ASML€32.67B+15.6%€9.61B29.4%$549.12B
TMO$47.35B+8.3%$7.07B14.9%$257.42B
LRCX$26.13B+33.4%$8.45B32.3%$250.38B
DE$47.98B+8.0%$4.87B10.2%$181.09B
DHR$25.61B+5.5%$4.33B16.9%$161.98B
ETN$31.98B+20.1%$3.90B12.2%$132.76B
JCI$24.43B+5.1%$3.53B14.5%$81.79B
ITW$16.65B+4.8%$3.23B19.4%$79.84B

BWXT FAQ

9 questions
  • What is BWXT revenue?
    BWX Technologies Inc. (BWXT) reported $3.60B of revenue for the twelve months ended Sep 30, 2026. That is up 17.7% from the year before. Revenue for fiscal 2025 was $3.20B.
  • Is BWXT profitable?
    Yes. BWX Technologies Inc. earned $374.99M in net income for the twelve months ended Sep 30, 2026, a net margin of 10.4%.
  • How much cash and debt does BWXT have?
    BWX Technologies Inc. reported $568.53M in cash and cash equivalents and $2.02B of debt on its most recent balance sheet in SEC filings.
  • How fast is BWXT revenue growing?
    BWX Technologies Inc.'s revenue changed +18.3% in fiscal 2025, to $3.20B. Its compound annual growth rate was +8.5% over 5 years and +8.5% over 10 years.
  • What is BWXT gross margin?
    BWX Technologies Inc.'s gross profit was $814.09M on $3.60B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 22.6%.
  • What is BWXT free cash flow?
    BWX Technologies Inc. generated $372.32M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $578.71M less capital expenditures.
  • What is BWXT earnings per share?
    Diluted earnings per share were $4.08 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BWXT last report financial results?
    The latest statements here come from BWX Technologies Inc.'s 10-Q filed on Nov 2, 2026, covering the period ended Sep 30, 2026.
  • Where does this BWXT financial data come from?
    Quantisnow builds these statements from the structured XBRL data BWX Technologies Inc. files with the SEC. It is provided for information only and is not investment advice.