NYSE : BWXT
BWX Technologies, Inc. — Financial statements
Industrials · Aerospace & Defense · United States
Last price 137.93 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 12.64B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
BWX Technologies, Inc. (BWXT) reported revenue of 3.51B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.51B | 3.20B | 2.70B | 2.50B | 2.23B | 2.12B |
| Cost of Revenue | 2.74B | 2.47B | 2.05B | 1.88B | 1.68B | 1.57B |
| Gross Profit | 775.94M | 732.86M | 655.21M | 620.59M | 551.93M | 550.28M |
| Selling, General & Admin | 400.79M | 379.18M | 317.88M | 300.58M | 230.23M | 137.45M |
| Research & Development | 15.55M | 13.87M | 7.48M | 7.61M | 9.54M | 11.06M |
| Operating Expenses | 416.34M | 393.05M | 325.36M | 308.20M | 239.77M | 148.51M |
| Operating Income | 359.60M | 339.81M | 329.85M | 312.39M | 312.17M | 401.77M |
| Interest Expense | -34.49M | -44.21M | -39.48M | -47.04M | -36.41M | -35.76M |
| Interest & Investment Income | 12.01M | 3.89M | 2.55M | 2.36M | 758.00K | 416.00K |
| Earnings From Equity Investments | 85.77M | 74.91M | 55.93M | 50.81M | 45.97M | 33.50M |
| Currency Exchange Gain (Loss) | 31.50M | 17.70M | 1.70M | 1.80M | -1.40M | 1.80M |
| Other Non Operating Income (Expenses) | -25.37M | 662.00K | 2.55M | 2.11M | -1.19M | 5.47M |
| EBT Excluding Unusual Items | 429.02M | 392.77M | 353.11M | 322.43M | 319.90M | 407.19M |
| Gain (Loss) on Sale of Investments | -1.00K | 380.00K | ||||
| Gain (Loss) on Sale of Assets | 431.00K | 4.97M | -4.39M | -1.03M | -5.52M | 3.53M |
| Other Unusual Items | -15.01M | |||||
| Pretax Income | 429.45M | 398.12M | 348.72M | 321.40M | 314.38M | 395.71M |
| Income Tax Expense | 73.29M | 68.26M | 66.42M | 75.08M | 75.76M | 89.42M |
| Earnings From Continuing Operations | 356.16M | 329.86M | 282.30M | 246.32M | 238.62M | 306.29M |
| Net Income to Company | 356.16M | 329.86M | 282.30M | 246.32M | 238.62M | 306.29M |
| Minority Interest in Earnings | -983.00K | -916.00K | -357.00K | -472.00K | -429.00K | -417.00K |
| Net Income | 355.18M | 328.94M | 281.94M | 245.85M | 238.19M | 305.87M |
| Net Income to Common | 355.18M | 328.94M | 281.94M | 245.85M | 238.19M | 305.87M |
| Shares Outstanding (Basic) | 91.63M | 91.57M | 91.57M | 91.62M | 91.45M | 94.28M |
| Shares Outstanding (Diluted) | 91.94M | 91.86M | 91.86M | 91.87M | 91.70M | 94.52M |
| EPS (Basic) | 3.88 | 3.59 | 3.08 | 2.68 | 2.60 | 3.24 |
| EPS (Diluted) | 3.86 | 3.58 | 3.07 | 2.68 | 2.60 | 3.24 |
| Free Cash Flow | 316.76M | 295.29M | 254.78M | 212.41M | 46.39M | 74.97M |
| Free Cash Flow Per Share | 3.44 | 3.21 | 2.77 | 2.31 | 0.51 | 0.79 |
| Dividend Per Share | 1.04 | 1.00 | 0.96 | 0.92 | 0.88 | 0.84 |
| Gross Margin | 22.08% | 22.91% | 24.23% | 24.86% | 24.72% | 25.91% |
| Operating Margin | 10.23% | 10.62% | 12.20% | 12.51% | 13.98% | 18.92% |
| Profit Margin | 10.11% | 10.29% | 10.43% | 9.85% | 10.67% | 14.40% |
| Free Cash Flow Margin | 9.01% | 9.23% | 9.42% | 8.51% | 2.08% | 3.53% |
| EBITDA | 476.49M | 447.50M | 415.71M | 390.96M | 386.01M | 470.85M |
| EBITDA Margin | 13.56% | 13.99% | 15.38% | 15.66% | 17.29% | 22.17% |
| D&A For EBITDA | 116.89M | 107.69M | 85.86M | 78.57M | 73.84M | 69.08M |
| EBIT | 359.60M | 339.81M | 329.85M | 312.39M | 312.17M | 401.77M |
| EBIT Margin | 10.23% | 10.62% | 12.20% | 12.51% | 13.98% | 18.92% |
| Effective Tax Rate | 17.07% | 17.14% | 19.05% | 23.36% | 24.10% | 22.60% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 608.20M | 499.78M | 74.11M | 75.77M | 35.24M | 33.89M |
| Short-Term Investments | 3.80M | 3.81M | ||||
| Cash & Short-Term Investments | 608.20M | 499.78M | 74.11M | 75.77M | 39.05M | 37.70M |
| Accounts Receivable | 912.57M | 880.72M | 710.52M | 659.62M | 649.21M | 670.37M |
| Other Receivables | 88.98M | 64.16M | 53.20M | 15.24M | 25.39M | 15.05M |
| Receivables | 1.01B | 944.88M | 763.72M | 674.86M | 674.61M | 685.42M |
| Inventory | 46.29M | 46.54M | 40.29M | 27.40M | 22.90M | 16.30M |
| Restricted Cash | 3.12M | 3.08M | 2.79M | 2.86M | 2.93M | 2.90M |
| Other Current Assets | 44.88M | 66.08M | 49.09M | 36.92M | 32.14M | 31.42M |
| Total Current Assets | 1.71B | 1.56B | 930.00M | 817.80M | 771.62M | 773.73M |
| Property, Plant & Equipment | 1.60B | 1.65B | 1.28B | 1.23B | 1.13B | 1.05B |
| Long-Term Investments | 173.54M | 158.39M | 110.01M | 98.10M | 108.30M | 94.84M |
| Goodwill | 494.92M | 500.86M | 287.36M | 297.02M | 293.17M | 285.50M |
| Other Intangible Assets | 311.77M | 329.86M | 165.32M | 185.51M | 193.61M | 185.55M |
| Long-Term Accounts Receivable | 1.30M | |||||
| Long-Term Deferred Tax Assets | 5.88M | 12.28M | 6.57M | 16.33M | 20.59M | 21.39M |
| Other Long-Term Assets | 123.79M | 52.42M | 92.50M | 103.78M | 96.77M | 93.42M |
| Total Assets | 4.42B | 4.27B | 2.87B | 2.75B | 2.62B | 2.50B |
| Accounts Payable | 212.88M | 141.29M | 158.08M | 126.65M | 127.11M | 189.84M |
| Accrued Expenses | 187.13M | 208.74M | 135.53M | 128.35M | 139.17M | 152.85M |
| Current Portion of Long-Term Debt | 12.50M | 6.25M | 6.25M | |||
| Current Portion of Leases | 8.80M | |||||
| Current Unearned Revenue | 313.26M | 305.29M | 161.29M | 107.39M | 88.73M | 111.62M |
| Other Current Liabilities | 7.90M | 6.80M | 6.40M | 6.60M | 5.30M | |
| Total Current Liabilities | 713.27M | 672.02M | 474.20M | 375.05M | 367.86M | 459.62M |
| Long-Term Debt | 2.02B | 2.02B | 1.04B | 1.20B | 1.28B | 1.19B |
| Long-Term Leases | 35.42M | |||||
| Pension & Post-Retirement Benefits | 147.25M | 156.63M | 99.12M | 101.25M | 75.99M | 83.72M |
| Other Long-Term Liabilities | 208.57M | 158.44M | 173.23M | 134.04M | 144.11M | 131.50M |
| Total Liabilities | 3.09B | 3.04B | 1.79B | 1.81B | 1.87B | 1.86B |
| Common Stock | 1.29M | 1.29M | 1.28M | 1.28M | 1.28M | 1.27M |
| Additional Paid-In Capital | 183.53M | 159.88M | 228.89M | 206.48M | 189.26M | 174.29M |
| Retained Earnings | 2.65B | 2.52B | 2.29B | 2.09B | 1.93B | 1.78B |
| Treasury Stock | -1.45B | -1.43B | -1.39B | -1.36B | -1.35B | -1.33B |
| Comprehensive Income & Other | -51.33M | -19.37M | -48.21M | -7.46M | -21.93M | 12.14M |
| Total Common Equity | 1.33B | 1.23B | 1.08B | 933.35M | 748.31M | 637.17M |
| Minority Interest | -301.00K | 525.00K | -276.00K | -50.00K | 45.00K | 60.00K |
| Shareholders' Equity | 1.33B | 1.23B | 1.08B | 933.30M | 748.36M | 637.24M |
| Total Liabilities & Equity | 4.42B | 4.27B | 2.87B | 2.75B | 2.62B | 2.50B |
| Total Debt | 2.02B | 2.06B | 1.06B | 1.21B | 1.29B | 1.19B |
| Net Cash (Debt) | -1.41B | -1.56B | -981.36M | -1.13B | -1.25B | -1.15B |
| Net Cash Per Share | -15.35 | -16.99 | -10.68 | -12.34 | -13.63 | -12.18 |
| Filing Date Shares Outstanding | 91.62M | 91.45M | 91.48M | 91.31M | 91.28M | 91.40M |
| Total Common Shares Outstanding | 91.62M | 91.43M | 91.45M | 91.53M | 91.25M | 91.40M |
| Working Capital | 996.77M | 888.34M | 455.80M | 442.75M | 403.76M | 314.12M |
| Book Value Per Share | 14.56 | 13.48 | 11.82 | 10.20 | 8.20 | 6.97 |
| Tangible Book Value | 527.75M | 401.77M | 627.99M | 450.82M | 261.53M | 166.12M |
| Tangible Book Value Per Share | 5.76 | 4.39 | 6.87 | 4.93 | 2.87 | 1.82 |
| Land | 53.72M | 54.80M | 10.61M | 10.63M | 9.84M | 9.54M |
| Buildings | 564.75M | 519.90M | 417.19M | 381.08M | 365.95M | 321.87M |
| Machinery | 1.33B | 1.29B | 1.17B | 1.11B | 1.03B | 957.42M |
| Construction In Progress | 666.10M | 693.99M | 584.54M | 571.76M | 515.49M | 487.86M |
| Order Backlog | 7.26B | 4.84B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 355.18M | 328.94M | 281.94M | 245.85M | 238.19M | 305.87M |
| Depreciation & Amortization | 118.39M | 109.19M | 85.86M | 78.57M | 73.84M | 69.08M |
| Loss (Gain) From Sale of Assets | -431.00K | -4.97M | 4.39M | 1.03M | 5.52M | |
| Loss (Gain) on Equity Investments | 5.91M | 19.14M | -10.60M | 11.13M | -3.46M | -13.02M |
| Stock-Based Compensation | 32.45M | 26.07M | 21.68M | 15.90M | 14.13M | 18.61M |
| Other Operating Activities | 45.19M | 30.98M | 34.27M | 27.90M | 57.99M | 20.23M |
| Change in Accounts Receivable | 16.98M | 52.98M | -54.73M | 29.33M | -23.45M | 16.87M |
| Change in Accounts Payable | 40.99M | -23.56M | 34.53M | -9.03M | -40.49M | 28.80M |
| Change in Income Taxes | -51.51M | -29.63M | 1.65M | -4.79M | -764.00K | 4.12M |
| Change in Other Net Operating Assets | -43.99M | -29.29M | 9.43M | -32.19M | -76.80M | -64.52M |
| Operating Cash Flow | 519.16M | 479.85M | 408.43M | 363.70M | 244.70M | 386.03M |
| Capital Expenditures | -202.40M | -184.56M | -153.65M | -151.29M | -198.31M | -311.05M |
| Cash Acquisitions | 3.04M | -535.15M | -47.33M | |||
| Investment in Securities | 3.14M | -26.28M | -197.00K | 3.65M | -11.44M | 814.00K |
| Other Investing Activities | -853.00K | 3.87M | -717.00K | -8.01M | 844.00K | 5.58M |
| Investing Cash Flow | -197.07M | -742.11M | -154.56M | -155.64M | -256.24M | -304.65M |
| Long-Term Debt Issued | 2.28B | 456.00M | 353.10M | 978.20M | 1.32B | |
| Total Debt Issued | 1.52B | 2.28B | 456.00M | 353.10M | 978.20M | 1.32B |
| Short-Term Debt Repaid | -88.69M | |||||
| Long-Term Debt Repaid | -1.42B | -612.25M | -434.35M | -878.20M | -999.30M | |
| Total Debt Repaid | -1.14B | -1.42B | -612.25M | -434.35M | -878.20M | -1.09B |
| Net Debt Issued (Repaid) | 381.88M | 855.62M | -156.25M | -81.25M | 100.00M | 236.31M |
| Repurchase of Common Stock | -20.27M | -43.62M | -27.57M | -7.59M | -26.59M | -230.83M |
| Common Dividends Paid | -96.11M | -92.47M | -88.35M | -84.97M | -81.07M | -79.67M |
| Other Financing Activities | -14.67M | -25.89M | 19.38M | 4.45M | 21.61M | -15.95M |
| Financing Cash Flow | 250.82M | 693.64M | -252.78M | -169.37M | 13.95M | -90.14M |
| Foreign Exchange Rate Adjustments | -768.00K | -4.75M | -2.13M | 1.94M | -1.21M | 240.00K |
| Net Cash Flow | 572.14M | 426.63M | -1.04M | 40.62M | 1.22M | -8.52M |
| Free Cash Flow | 316.76M | 295.29M | 254.78M | 212.41M | 46.39M | 74.97M |
| Free Cash Flow Margin | 9.01% | 9.23% | 9.42% | 8.51% | 2.08% | 3.53% |
| Free Cash Flow Per Share | 3.44 | 3.21 | 2.77 | 2.31 | 0.51 | 0.79 |
| Levered Free Cash Flow | 145.62M | 132.61M | 114.55M | 107.05M | -32.07M | 15.23M |
| Unlevered Free Cash Flow | 167.18M | 160.24M | 139.22M | 136.45M | -9.31M | 37.58M |
| Cash Interest Paid | 52.63M | 65.16M | 72.43M | 63.22M | 51.34M | 50.84M |
| Cash Income Tax Paid | 74.33M | 47.89M | 45.51M | 84.48M | 71.75M | 44.95M |
| Change in Working Capital | -37.54M | -29.50M | -9.11M | -16.68M | -141.50M | -14.74M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.97B | 15.80B | 10.19B | 7.02B | 5.30B | 4.41B |
| Enterprise Value | 13.39B | 17.23B | 11.38B | 8.31B | 6.58B | 5.60B |
| Last Close Price | 130.70 | 172.10 | 110.06 | 75.11 | 56.11 | 45.51 |
| PE Ratio | 33.86 | 48.04 | 36.13 | 28.56 | 22.24 | 14.43 |
| Forward PE | 26.23 | 43.59 | 33.95 | 24.97 | 19.57 | 15.12 |
| PS Ratio | 3.41 | 4.94 | 3.77 | 2.81 | 2.37 | 2.08 |
| PB Ratio | 8.97 | 12.82 | 9.43 | 7.52 | 7.08 | 6.93 |
| P/TBV Ratio | 22.69 | 39.33 | 16.22 | 15.58 | 20.26 | 26.57 |
| P/FCF Ratio | 37.80 | 53.51 | 39.98 | 33.06 | 114.20 | 58.88 |
| P/OCF Ratio | 23.07 | 32.93 | 24.94 | 19.31 | 21.65 | 11.44 |
| PEG Ratio | 1.98 | 3.32 | 3.29 | 3.45 | 2.24 | 1.71 |
| EV/Sales Ratio | 3.81 | 5.39 | 4.21 | 3.33 | 2.95 | 2.63 |
| EV/EBITDA Ratio | 28.09 | 38.51 | 27.38 | 21.26 | 17.06 | 11.88 |
| EV/EBIT Ratio | 37.23 | 50.71 | 34.51 | 26.61 | 21.09 | 13.93 |
| EV/FCF Ratio | 42.26 | 58.36 | 44.67 | 39.13 | 141.92 | 74.63 |
| Debt / Equity Ratio | 1.51 | 1.67 | 0.98 | 1.30 | 1.72 | 1.87 |
| Debt / EBITDA Ratio | 4.16 | 4.51 | 2.54 | 3.09 | 3.34 | 2.53 |
| Debt / FCF Ratio | 6.38 | 6.98 | 4.14 | 5.70 | 27.78 | 15.86 |
| Net Debt / Equity Ratio | 1.06 | 1.27 | 0.91 | 1.22 | 1.67 | 1.81 |
| Net Debt / EBITDA Ratio | 2.96 | 3.49 | 2.36 | 2.90 | 3.24 | 2.45 |
| Net Debt / FCF Ratio | 4.46 | 5.28 | 3.85 | 5.34 | 26.94 | 15.36 |
| Asset Turnover | 0.86 | 0.90 | 0.96 | 0.93 | 0.87 | 0.89 |
| Inventory Turnover | 55.96 | 56.79 | 60.53 | 74.58 | 85.76 | 100.56 |
| Quick Ratio | 2.26 | 2.15 | 1.77 | 2.00 | 1.94 | 1.57 |
| Current Ratio | 2.40 | 2.32 | 1.96 | 2.18 | 2.10 | 1.68 |
| Return on Equity (ROE) | 28.29% | 28.52% | 28.04% | 29.29% | 34.44% | 48.81% |
| Return on Assets (ROA) | 5.53% | 5.95% | 7.34% | 7.28% | 7.62% | 10.47% |
| Return on Invested Capital (ROIC) | 10.78% | 11.60% | 12.93% | 11.78% | 12.51% | 18.78% |
| Return on Capital Employed (ROCE) | 9.70% | 9.40% | 13.80% | 13.20% | 13.90% | 19.70% |
| Earnings Yield | 2.95% | 2.08% | 2.77% | 3.50% | 4.50% | 6.93% |
| FCF Yield | 2.65% | 1.87% | 2.50% | 3.02% | 0.88% | 1.70% |
| Dividend Yield | 0.83% | 0.58% | 0.86% | 1.20% | 1.52% | 1.74% |
| Payout Ratio | 27.98% | 28.11% | 31.34% | 34.56% | 34.04% | 26.05% |
| Buyback Yield / Dilution | -0.11% | 0.00% | 0.02% | -0.19% | 2.98% | 1.26% |
| Total Shareholder Return | 0.71% | 0.58% | 0.88% | 1.01% | 4.50% | 3.00% |