Here are the 10-K annual reports from BWX Technologies, Inc. (BWXT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BWXT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BWXT filings page.
BWX Technologies, Inc. is a specialty nuclear manufacturer and service provider operating through Government Operations and Commercial Operations. It supplies naval nuclear reactors and fuel to U.S. government programs, manages and operates high-consequence nuclear sites, and serves commercial nuclear power, isotope and radiopharmaceutical markets.
In 2025 BWXT expanded its portfolio with the acquisition of Aerojet Ordnance Tennessee, Inc. for advanced special materials in its Government Operations segment and Kinectrics Holdings, Inc. for lifecycle nuclear services and isotope production in its Commercial Operations segment. Backlog was $7,261 million at December 31, 2025, with $5,541 million in Government Operations and $1,720 million in Commercial Operations, and the company expects to recognize about 40% of this by the end of 2026.
The U.S. Government accounted for approximately 68% of consolidated revenues in 2025, underscoring BWXT’s exposure to federal budgeting, appropriations and contract renewal risks. The company employed about 10,400 people as of December 31, 2025 and reported total environmental accruals, including asset retirement obligations, of $107.2 million, reflecting ongoing decommissioning and remediation obligations under stringent nuclear, environmental and safety regulations.