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Bwx Technologies Inc Financials

BWXT
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Bwx Technologies Inc (BWXT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 57 / 100
Financial Profile 57/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
50

Bwx Technologies Inc has an operating margin of 12.7%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 50/100, indicating healthy but not exceptional operating efficiency. This is down from 14.1% the prior year.

Growth
64

Bwx Technologies Inc's revenue surged 18.3% year-over-year to $3.2B, reflecting rapid business expansion. This strong growth earns a score of 64/100.

Leverage
69

Bwx Technologies Inc carries a low D/E ratio of 1.64, meaning only $1.64 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 69/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
43

Bwx Technologies Inc's current ratio of 2.32 indicates adequate short-term liquidity, earning a score of 43/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
48

Bwx Technologies Inc has a free cash flow margin of 9.2%, earning a moderate score of 48/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
70

Bwx Technologies Inc earns a strong 26.7% return on equity (ROE), meaning it generates $27 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 70/100. This is up from 26.1% the prior year.

Altman Z-Score Safe
6.03

Bwx Technologies Inc scores 6.03, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($19.7B) relative to total liabilities ($3.0B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
4/9

Bwx Technologies Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.46x

For every $1 of reported earnings, Bwx Technologies Inc generates $1.46 in operating cash flow ($479.8M OCF vs $328.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
89.1x

Bwx Technologies Inc earns $89.1 in operating income for every $1 of interest expense ($404.5M vs $4.5M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$3.2B
YoY+18.3%
5Y CAGR+8.5%
10Y CAGR+8.5%

Bwx Technologies Inc generated $3.2B in revenue in fiscal year 2025. This represents an increase of 18.3% from the prior year.

EBITDA
$513.6M
YoY+10.1%
5Y CAGR+4.1%
10Y CAGR+6.1%

Bwx Technologies Inc's EBITDA was $513.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.1% from the prior year.

Net Income
$328.9M
YoY+16.7%
5Y CAGR+3.4%
10Y CAGR+9.6%

Bwx Technologies Inc reported $328.9M in net income in fiscal year 2025. This represents an increase of 16.7% from the prior year.

EPS (Diluted)
$3.58
YoY+16.6%
5Y CAGR+4.2%
10Y CAGR+11.4%

Bwx Technologies Inc earned $3.58 per diluted share (EPS) in fiscal year 2025. This represents an increase of 16.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$295.3M
YoY+15.9%
10Y CAGR+1.0%

Bwx Technologies Inc generated $295.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 15.9% from the prior year.

Cash & Debt
$499.8M
YoY+574.4%
5Y CAGR+63.6%
10Y CAGR+12.4%

Bwx Technologies Inc held $499.8M in cash against $2.0B in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.96
YoY+0.0%
5Y CAGR+4.8%
10Y CAGR+11.6%

Bwx Technologies Inc paid $0.96 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding
N/A

Margins & Returns

Gross Margin
22.9%
YoY-1.3pp
5Y CAGR-4.2pp
10Y CAGR-4.5pp

Bwx Technologies Inc's gross margin was 22.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the prior year.

Operating Margin
12.7%
YoY-1.4pp
5Y CAGR-4.2pp
10Y CAGR-1.9pp

Bwx Technologies Inc's operating margin was 12.7% in fiscal year 2025, reflecting core business profitability. This is down 1.4 percentage points from the prior year.

Net Margin
10.3%
YoY-0.2pp
5Y CAGR-2.8pp
10Y CAGR+1.0pp

Bwx Technologies Inc's net profit margin was 10.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.2 percentage points from the prior year.

Return on Equity
26.7%
YoY+0.6pp
5Y CAGR-18.4pp
10Y CAGR-22.8pp

Bwx Technologies Inc's ROE was 26.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the prior year.

Capital Allocation

R&D Spending
$13.9M
YoY+85.4%
5Y CAGR-0.5%
10Y CAGR+2.8%

Bwx Technologies Inc invested $13.9M in research and development in fiscal year 2025. This represents an increase of 85.4% from the prior year.

Share Buybacks
$30.0M
YoY+50.0%
5Y CAGR+6.4%
10Y CAGR-8.1%

Bwx Technologies Inc spent $30.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 50.0% from the prior year.

Capital Expenditures
$184.6M
YoY+20.1%
5Y CAGR-6.3%
10Y CAGR+10.4%

Bwx Technologies Inc invested $184.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 20.1% from the prior year.

BWXT Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $885.8M+2.3% $866.3M+13.4% $764.0M+12.0% $682.3M-8.6% $746.3M+11.1% $672.0M-1.4% $681.5M+12.8% $604.0M
Cost of Revenue N/A $677.3M+18.3% $572.6M+10.7% $517.1M N/A $508.0M-1.0% $513.2M+12.7% $455.4M
Gross Profit N/A $189.0M-1.3% $191.4M+15.9% $165.2M N/A $164.0M-2.6% $168.3M+13.2% $148.6M
R&D Expenses N/A $3.5M-23.8% $4.6M+126.8% $2.0M N/A $2.1M+63.7% $1.3M-14.7% $1.5M
SG&A Expenses N/A $93.4M-9.3% $102.9M+17.6% $87.6M N/A $80.8M+1.3% $79.8M+18.4% $67.4M
Operating Income $92.1M-18.8% $113.3M+10.7% $102.4M+6.0% $96.6M+4.7% $92.3M-4.5% $96.6M-2.3% $98.8M+6.3% $93.0M
Interest Expense N/A $14.0M+19.4% $11.7M+46.9% $8.0M N/A $9.9M-7.3% $10.7M+11.4% $9.6M
Income Tax N/A $25.4M+31.5% $19.3M+18.5% $16.3M N/A $21.0M+12.9% $18.6M-6.3% $19.8M
Net Income $93.0M+13.3% $82.1M+4.7% $78.4M+3.9% $75.5M+6.3% $71.0M+2.2% $69.5M-4.8% $73.0M+6.6% $68.5M
EPS (Diluted) $1.01+13.5% $0.89+4.7% $0.85+3.7% $0.82+6.5% $0.77+1.3% $0.76-3.8% $0.79+5.3% $0.75

BWXT Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $4.3B+13.0% $3.8B+2.2% $3.7B+21.1% $3.1B+6.4% $2.9B-2.6% $2.9B+3.8% $2.8B+1.9% $2.8B
Current Assets $1.6B+41.3% $1.1B+10.7% $996.9M+2.2% $975.8M+4.9% $930.0M-5.4% $982.9M+8.0% $909.8M+5.2% $864.7M
Cash & Equivalents $499.8M+527.9% $79.6M+115.2% $37.0M-33.3% $55.4M-25.2% $74.1M+108.6% $35.5M-26.5% $48.3M+5.3% $45.9M
Inventory $46.5M-19.5% $57.8M+12.1% $51.6M+3.9% $49.6M+23.2% $40.3M+7.4% $37.5M+16.1% $32.3M-22.0% $41.4M
Accounts Receivable $220.4M+21.6% $181.2M+21.8% $148.8M+66.9% $89.1M-10.1% $99.1M+9.8% $90.2M+1.0% $89.4M+5.1% $85.0M
Goodwill $500.9M-0.1% $501.6M-2.2% $512.6M+46.7% $349.3M+21.6% $287.4M-2.6% $295.1M+0.7% $293.2M-0.4% $294.3M
Total Liabilities $3.0B+19.6% $2.5B+1.0% $2.5B+28.7% $2.0B+9.2% $1.8B-5.3% $1.9B+2.5% $1.8B0.0% $1.8B
Current Liabilities $672.0M+3.9% $646.6M+9.6% $590.2M+22.0% $483.9M+2.1% $474.2M+8.4% $437.5M+7.1% $408.6M+5.6% $386.8M
Long-Term Debt $2.0B+34.7% $1.5B-1.5% $1.5B+28.2% $1.2B+13.7% $1.0B-14.6% $1.2B+1.4% $1.2B-1.4% $1.2B
Total Equity $1.2B-0.7% $1.2B+4.9% $1.2B+7.6% $1.1B+1.8% $1.1B+2.1% $1.1B+6.0% $998.5M+5.5% $946.2M
Retained Earnings $2.5B+2.9% $2.5B+2.5% $2.4B+2.4% $2.3B+2.3% $2.3B+2.2% $2.2B+2.2% $2.2B+2.4% $2.1B

BWXT Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $127.0M-11.3% $143.2M-10.0% $159.0M+214.0% $50.6M-81.7% $276.9M+748.6% $32.6M-50.5% $65.9M+99.5% $33.0M
Capital Expenditures $70.2M+45.4% $48.3M+47.5% $32.7M-1.9% $33.4M-36.5% $52.5M+30.3% $40.3M+32.5% $30.4M-0.1% $30.4M
Free Cash Flow $56.8M-40.1% $94.9M-24.9% $126.3M+630.9% $17.3M-92.3% $224.4M+3024.0% -$7.7M-121.6% $35.5M+1262.9% $2.6M
Investing Cash Flow -$68.2M-53.6% -$44.4M+90.6% -$473.1M-202.6% -$156.3M-191.5% -$53.6M-33.1% -$40.3M-33.0% -$30.3M+0.1% -$30.3M
Financing Cash Flow $354.0M+866.0% -$46.2M-115.4% $301.0M+255.0% $84.8M+146.4% -$182.9M-3639.3% -$4.9M+85.1% -$32.8M-2.2% -$32.2M
Dividends Paid $22.8M-1.7% $23.1M-0.2% $23.2M-2.0% $23.7M+7.4% $22.0M-0.5% $22.1M0.0% $22.1M-1.2% $22.4M
Share Buybacks $0 $0 $0-100.0% $30.0M $0 $0 $0-100.0% $20.0M

BWXT Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A 21.8%-3.2pp 25.1%+0.8pp 24.2% N/A 24.4%-0.3pp 24.7%+0.1pp 24.6%
Operating Margin 10.4%-2.7pp 13.1%-0.3pp 13.4%-0.8pp 14.2%+1.8pp 12.4%-2.0pp 14.4%-0.1pp 14.5%-0.9pp 15.4%
Net Margin 10.5%+1.0pp 9.5%-0.8pp 10.3%-0.8pp 11.1%+1.5pp 9.5%-0.8pp 10.3%-0.4pp 10.7%-0.6pp 11.3%
Return on Equity 7.5%+0.9pp 6.6%0.0pp 6.6%-0.2pp 6.9%+0.3pp 6.6%0.0pp 6.6%-0.7pp 7.3%+0.1pp 7.2%
Return on Assets 2.2%0.0pp 2.2%+0.1pp 2.1%-0.3pp 2.5%0.0pp 2.5%+0.1pp 2.4%-0.2pp 2.6%+0.1pp 2.5%
Current Ratio 2.32+0.6 1.71+0.0 1.69-0.3 2.02+0.1 1.96-0.3 2.25+0.0 2.230.0 2.24
Debt-to-Equity 1.64+0.4 1.21-0.1 1.28+0.2 1.08+0.1 0.97-0.2 1.15-0.1 1.21-0.1 1.29
FCF Margin 6.4%-4.5pp 10.9%-5.6pp 16.5%+14.0pp 2.5%-27.5pp 30.1%+31.2pp -1.1%-6.3pp 5.2%+4.8pp 0.4%

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Frequently Asked Questions

Bwx Technologies Inc (BWXT) reported $3.2B in total revenue for fiscal year 2025. This represents a 18.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Bwx Technologies Inc (BWXT) revenue grew by 18.3% year-over-year, from $2.7B to $3.2B in fiscal year 2025.

Yes, Bwx Technologies Inc (BWXT) reported a net income of $328.9M in fiscal year 2025, with a net profit margin of 10.3%.

Bwx Technologies Inc (BWXT) reported diluted earnings per share of $3.58 for fiscal year 2025. This represents a 16.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Bwx Technologies Inc (BWXT) had EBITDA of $513.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Bwx Technologies Inc (BWXT) had $499.8M in cash and equivalents against $2.0B in long-term debt.

Bwx Technologies Inc (BWXT) had a gross margin of 22.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Bwx Technologies Inc (BWXT) had an operating margin of 12.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Bwx Technologies Inc (BWXT) had a net profit margin of 10.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Bwx Technologies Inc (BWXT) paid $0.96 per share in dividends during fiscal year 2025.

Bwx Technologies Inc (BWXT) has a return on equity of 26.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Bwx Technologies Inc (BWXT) generated $295.3M in free cash flow during fiscal year 2025. This represents a 15.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Bwx Technologies Inc (BWXT) generated $479.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Bwx Technologies Inc (BWXT) had $4.3B in total assets as of fiscal year 2025, including both current and long-term assets.

Bwx Technologies Inc (BWXT) invested $184.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Bwx Technologies Inc (BWXT) invested $13.9M in research and development during fiscal year 2025.

Yes, Bwx Technologies Inc (BWXT) spent $30.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Bwx Technologies Inc (BWXT) had a current ratio of 2.32 as of fiscal year 2025, which is generally considered healthy.

Bwx Technologies Inc (BWXT) had a debt-to-equity ratio of 1.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Bwx Technologies Inc (BWXT) had a return on assets of 7.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Bwx Technologies Inc (BWXT) has an Altman Z-Score of 6.03, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Bwx Technologies Inc (BWXT) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Bwx Technologies Inc (BWXT) has an earnings quality ratio of 1.46x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Bwx Technologies Inc (BWXT) has an interest coverage ratio of 89.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Bwx Technologies Inc (BWXT) scores 57 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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