BWX Technologies, Inc. (BWXT)
BWX Technologies, Inc. manufactures and sells nuclear components in the United States, Canada, and internationally. The company operates through two segments, Government Operations and Commercial Operations. It manufactures precision naval nuclear components, reactors, and nuclear fuel; close-tolerance and high-quality equipment for nuclear applications; critical nuclear components, fuels and assemblies for government and limited other uses; down blend government stockpiles of uranium; and fabricate fuel-bearing precision components. The company also supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers; research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications. In addition, it manufactures commercial nuclear steam generators, nuclear fuel, fuel handling systems, pressure vessels, reactor components, heat exchangers, tooling delivery systems; and containers for the storage of nuclear fuel and other high-level nuclear waste. Further, the company supplies nuclear fuel, fuel handling systems, tooling delivery systems, nuclear-grade materials and precisely machined components; and manufactures medical radioisotopes, radiopharmaceuticals, and medical devices. Additionally, it provides specialized engineering services that include structural component design, 3-D thermal-hydraulic engineering analysis, weld and robotic process development, electrical and controls engineering and metallurgy and materials engineering; in-plant inspection, maintenance and modification services; and non-destructive examination and tooling/repair solutions. It also offers nuclear power plant lifecycle support and management services. The company was formerly known as The Babcock & Wilcox Company and changed its name to BWX Technologies, Inc. in June 2015. BWX Technologies, Inc. was founded in 1867 and is headquartered in Lynchburg, Virginia.
- Symbol
- BWXT
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Market cap
- $13.01B
- 52 week range
- 141.43 - 241.82
Valuation
- Share price
- $141.81 (close of 2026-09-23)
- P/E (TTM)
- 36.55x
- Price to book
- 9.75x
- Price to free cash flow
- 41.06x
- Enterprise value
- $14.42B
- Book value per share
- $14.55
Price performance
| Period | Change |
|---|
| 1 day | -3.84% |
| 5 days | -3.33% |
| 1 month | -9.55% |
| 3 months | -32.44% |
| 6 months | -30.77% |
| Year to date | -17.95% |
| 1 year | -20.34% |
| 3 years | +91.45% |
| 5 years | +155.19% |
| 10 years | +264.36% |
| All time | +756.34% |
Profitability and growth
- Return on equity
- 26.68%
- Return on invested capital
- 12.23%
- Return on assets
- 7.70%
- Return on capital employed
- 11.24%
- Gross margin
- 22.91%
- Net margin
- 10.28%
- EBITDA margin
- 16.06%
- Revenue growth
- 18.30%
- Net income growth
- 16.67%
- Free cash flow growth
- 15.90%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 2.44%
- Current ratio
- 2.40x
- Net debt to EBITDA
- 2.42x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $3.20B
- Cost of revenue
- $2.47B
- Gross profit
- $732.86M
- EBITDA
- $513.64M
- Net income
- $328.94M
- Earnings per share
- $3.59
- Research and development
- $13.87M
- Shares outstanding
- 91.57M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $3.20B | $732.86M | $328.94M | $3.59 |
| 2024-12-31 | $2.70B | $655.21M | $281.94M | $3.08 |
| 2023-12-31 | $2.50B | $620.59M | $245.85M | $2.68 |
| 2022-12-31 | $2.23B | $551.93M | $238.19M | $2.60 |
| 2021-12-31 | $2.12B | $550.28M | $305.87M | $3.24 |
| 2020-12-31 | $2.12B | $575.40M | $278.67M | $2.92 |
| 2019-12-31 | $1.89B | $533.86M | $244.12M | $2.56 |
| 2018-12-31 | $1.80B | $504.01M | $226.96M | $2.29 |
| 2017-12-31 | $1.69B | $495.75M | $147.84M | $1.49 |
| 2016-12-31 | $1.55B | $464.23M | $183.06M | $1.79 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 22.91% | 10.28% | 26.68% | 12.23% |
| 2024-12-31 | 24.23% | 10.43% | 26.10% | 15.24% |
| 2023-12-31 | 24.86% | 9.85% | 26.34% | 14.90% |
| 2022-12-31 | 24.72% | 10.67% | 31.83% | 13.65% |
| 2021-12-31 | 25.91% | 14.40% | 48.00% | 14.30% |
| 2020-12-31 | 27.10% | 13.12% | 45.11% | 19.17% |
| 2019-12-31 | 28.17% | 12.88% | 60.41% | 22.51% |
| 2018-12-31 | 28.00% | 12.61% | 96.29% | 25.99% |
| 2017-12-31 | 29.37% | 8.76% | 51.74% | 24.83% |
| 2016-12-31 | 29.94% | 11.81% | 121.71% | 30.03% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $499.78M | $2.02B |
| 2024-12-31 | $74.11M | $1.04B |
| 2023-12-31 | $75.77M | $1.20B |
| 2022-12-31 | $39.05M | $1.28B |
| 2021-12-31 | $37.70M | $1.19B |
| 2020-12-31 | $46.32M | $862.73M |
| 2019-12-31 | $92.38M | $809.44M |
| 2018-12-31 | $33.47M | $753.62M |
| 2017-12-31 | $206.34M | $481.06M |
| 2016-12-31 | $140.16M | $497.72M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $295.29M | $26.07M |
| 2024-12-31 | $254.78M | $21.68M |
| 2023-12-31 | $212.41M | $15.90M |
| 2022-12-31 | $46.39M | $14.13M |
| 2021-12-31 | $74.97M | $18.61M |
| 2020-12-31 | $-58.59M | $16.84M |
| 2019-12-31 | $97.24M | $12.73M |
| 2018-12-31 | $59.95M | $11.88M |
| 2017-12-31 | $125.08M | $15.22M |
| 2016-12-31 | $187.27M | $15.37M |
Dividend history
- Most recent payment
- 2026-08-18
- Paid in the last twelve months
- $1.06
| Payment date | Dividend per share |
|---|
| 2026-08-18 | $0.27 |
| 2026-05-19 | $0.27 |
| 2026-03-11 | $0.27 |
| 2025-11-19 | $0.25 |
| 2025-08-18 | $0.25 |
| 2025-05-19 | $0.25 |
| 2025-03-11 | $0.25 |
| 2024-11-19 | $0.24 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-02
- Consensus EPS estimate
- $1.19
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-03 | Jun/2026 | $1.01 |
| 2026-05-04 | - | - |
| 2026-02-23 | - | - |
| 2025-11-03 | - | - |
| 2025-08-04 | - | - |
| 2025-05-05 | - | - |
| 2025-02-25 | - | - |
| 2025-02-24 | - | - |
Filings and sources
- Company website
- bwxt.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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