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BWX Technologies (BWXT) Financials

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$194.32 +0.87 (+0.45%)
Closing price 03:59 PM Eastern
Extended Trading
$194.00 -0.32 (-0.17%)
As of 05:14 PM Eastern
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Annual Income Statements for BWX Technologies

Annual Income Statements for BWX Technologies

This table shows BWX Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 131 183 148 227 244 279 306 238 246 282 329
Consolidated Net Income / (Loss)		 131 184 148 227 245 279 306 239 246 282 330
Net Income / (Loss) Continuing Operations		 141 184 148 227 245 279 306 239 246 282 330
Total Pre-Tax Income 		221 257 296 280 314 362 396 314 321 349 398
Total Operating Income		 188 249 296 275 319 366 346 349 332 325 330
Total Gross Profit		 388 464 496 504 534 575 550 552 621 655 733
Total Revenue		 1,416 1,551 1,688 1,800 1,895 2,124 2,124 2,233 2,496 2,704 3,198
Operating Revenue		 1,416 1,551 1,688 1,800 1,895 2,124 2,124 2,233 2,496 2,704 3,198
Total Cost of Revenue		 1,027 1,086 1,192 1,296 1,361 1,548 1,574 1,681 1,876 2,048 2,466
Operating Cost of Revenue		 1,027 1,086 1,192 1,296 1,361 1,548 1,574 1,681 1,876 2,048 2,466
Total Operating Expenses		 201 215 200 229 215 210 238 248 288 331 403
Selling, General & Admin Expense		 208 210 210 214 217 231 230 234 280 319 394
Research & Development Expense		 37 6.41 7.19 15 18 14 11 9.54 7.61 7.48 14
Impairment Charge		 - - - - - - - - 1.03 4.39 -4.97
Total Other Income / (Expense), net		 34 8.33 0.14 5.00 -5.45 -3.34 83 13 -11 24 69
Interest Expense		 10 8.39 15 28 35 31 36 - 47 39 44
Interest & Investment Income		 44 17 15 33 30 28 34 47 53 58 79
Other Income / (Expense), net		 - - - - - - 85 -34 -17 5.03 34
Income Tax Expense		 80 74 147 53 69 83 89 76 75 66 68
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.02 0.56 0.52 0.35 0.56 0.53 0.42 0.43 0.47 0.36 0.92
Basic Earnings per Share		 $1.23 $1.79 $1.49 $2.29 $2.56 $2.92 $3.24 $2.60 $2.68 $3.08 $3.59
Weighted Average Basic Shares Outstanding		 106.70M 102.47M 99.33M 99.06M 95.38M 95.46M 94.28M 91.45M 91.62M 91.57M 91.57M
Diluted Earnings per Share		 $1.22 $1.76 $1.47 $2.27 $2.55 $2.91 $3.24 $2.60 $2.68 $3.07 $3.58
Weighted Average Diluted Shares Outstanding		 107.58M 103.84M 100.37M 100.02M 95.81M 95.73M 94.52M 91.70M 91.87M 91.86M 91.86M
Weighted Average Basic & Diluted Shares Outstanding		 106.90M 102.30M 99.20M 99.10M 95.08M 94.99M 91.40M 91.28M 91.31M 91.48M 91.45M
Cash Dividends to Common per Share		 $0.32 $0.36 $0.42 $0.64 $0.68 $0.76 $0.84 $0.88 $0.92 $0.96 $0.96

Quarterly Income Statements for BWX Technologies

This table shows BWX Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 60 66 68 73 69 71 75 78 82 93 91
Consolidated Net Income / (Loss)		 60 66 69 73 70 71 76 78 82 94 91
Net Income / (Loss) Continuing Operations		 60 66 69 73 70 71 76 78 82 94 91
Total Pre-Tax Income 		78 86 88 92 91 78 92 98 108 101 107
Total Operating Income		 77 90 80 99 81 70 80 84 92 71 85
Total Gross Profit		 154 189 149 168 164 174 165 191 189 187 197
Total Revenue		 590 726 604 681 672 746 682 764 866 886 860
Operating Revenue		 590 726 604 681 672 746 682 764 866 886 860
Total Cost of Revenue		 436 537 455 513 508 572 517 573 677 699 663
Operating Cost of Revenue		 436 537 455 513 508 572 517 573 677 699 663
Total Operating Expenses		 77 99 69 81 83 93 85 108 97 116 112
Selling, General & Admin Expense		 80 75 67 80 81 91 88 103 93 111 108
Research & Development Expense		 1.16 1.66 1.49 1.27 2.08 2.64 2.01 4.57 3.48 3.81 4.10
Impairment Charge		 0.00 - 0.00 -0.00 0.00 - -4.43 0.01 0.00 -0.56 0.13
Total Other Income / (Expense), net		 1.12 -4.31 8.62 4.41 9.58 -3.59 12 14 15 30 22
Interest Expense		 12 12 9.60 11 9.91 9.29 7.99 12 14 10 4.73
Interest & Investment Income		 13 13 14 12 16 16 17 19 22 20 26
Other Income / (Expense), net		 - - 4.17 2.97 3.29 - 2.46 6.53 7.22 - 0.44
Income Tax Expense		 18 19 20 19 21 7.01 16 19 25 7.29 16
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.08 0.42 0.07 0.07 0.16 0.06 0.06 0.07 0.09 0.69 0.12
Basic Earnings per Share		 $0.66 $0.71 $0.75 $0.80 $0.76 $0.77 $0.82 $0.86 $0.90 $1.01 $0.99
Weighted Average Basic Shares Outstanding		 91.66M 91.62M 91.56M 91.56M 91.57M 91.57M 91.59M 91.54M 91.57M 91.57M 91.66M
Diluted Earnings per Share		 $0.66 $0.71 $0.75 $0.79 $0.76 $0.77 $0.82 $0.85 $0.89 $1.02 $0.99
Weighted Average Diluted Shares Outstanding		 91.90M 91.87M 91.86M 91.80M 91.89M 91.86M 91.87M 91.70M 91.79M 91.86M 91.91M
Weighted Average Basic & Diluted Shares Outstanding		 91.51M 91.31M 91.41M 91.42M 91.44M 91.48M 91.36M 91.40M 91.43M 91.45M 91.61M
Cash Dividends to Common per Share		 $0.23 - $0.24 $0.24 $0.24 - $0.25 $0.25 $0.25 - $0.27

Annual Cash Flow Statements for BWX Technologies

This table details how cash moves in and out of BWX Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -158 -38 79 -177 56 -44 -8.52 1.22 41 -1.04 427
Net Cash From Operating Activities		 335 240 222 169 279 196 386 245 364 408 480
Net Cash From Continuing Operating Activities		 335 240 222 169 279 196 386 245 364 408 480
Net Income / (Loss) Continuing Operations		 131 184 148 227 245 279 306 239 246 282 330
Consolidated Net Income / (Loss)		 131 184 148 227 245 279 306 239 246 282 330
Depreciation Expense		 79 51 57 60 62 61 69 74 79 86 109
Non-Cash Adjustments To Reconcile Net Income		 116 24 31 38 11 24 -20 66 62 30 34
Changes in Operating Assets and Liabilities, net		 8.76 -18 -13 -156 -38 -168 27 -134 -23 11 6.50
Net Cash From Investing Activities		 -72 -189 -90 -327 -180 -265 -305 -256 -156 -155 -742
Net Cash From Continuing Investing Activities		 -72 -189 -90 -327 -180 -265 -305 -256 -156 -155 -742
Purchase of Property, Plant & Equipment		 -69 -62 -97 -109 -182 -255 -311 -198 -151 -154 -185
Acquisitions		 0.00 -118 -0.72 -213 0.00 -16 0.00 -47 0.00 0.00 -535
Purchase of Investments		 -13 -19 -3.24 -14 -4.21 -4.23 -4.74 -3.80 -2.34 0.00 0.00
Sale and/or Maturity of Investments		 6.46 9.26 13 3.93 5.87 6.45 5.55 -7.64 6.00 -0.20 -26
Other Investing Activities, net		 3.60 0.04 -1.70 5.25 0.46 3.40 5.59 0.84 -8.01 -0.72 3.87
Net Cash From Financing Activities		 -414 -89 -61 -9.32 -44 25 -90 14 -169 -253 694
Net Cash From Continuing Financing Activities		 -414 -89 -61 -9.32 -44 25 -90 14 -169 -253 694
Repayment of Debt		 -183 -307 -138 -886 46 -799 -1,013 -881 -434 -612 -1,325
Repurchase of Common Equity		 -70 -293 0.00 -215 -20 -22 -226 -20 0.00 -20 -30
Payment of Dividends		 -34 -37 -42 -64 -65 -73 -80 -81 -85 -88 -92
Issuance of Debt		 177 540 109 1,159 - 845 1,324 978 353 456 2,280
Other Financing Activities, net		 -305 9.07 9.07 -3.22 -4.74 75 -96 17 -3.90 12 -139
Effect of Exchange Rate Changes		 -7.09 -0.35 7.44 -9.98 0.33 -0.27 0.24 -1.21 1.94 -2.13 -4.75
Cash Interest Paid		 6.65 6.51 14 17 40 38 51 51 63 72 65
Cash Income Taxes Paid		 118 66 38 59 70 74 45 72 84 46 48

Quarterly Cash Flow Statements for BWX Technologies

This table details how cash moves in and out of BWX Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 17 25 -30 2.61 -13 39 -19 -18 43 420 13
Net Cash From Operating Activities		 74 222 33 66 33 277 51 159 143 127 93
Net Cash From Continuing Operating Activities		 74 222 33 66 33 277 51 159 143 127 93
Net Income / (Loss) Continuing Operations		 60 66 69 73 70 71 76 78 82 94 91
Consolidated Net Income / (Loss)		 60 66 69 73 70 71 76 78 82 94 91
Depreciation Expense		 20 20 21 22 21 22 24 27 28 30 29
Non-Cash Adjustments To Reconcile Net Income		 3.73 52 2.73 5.91 -1.07 22 3.19 5.05 4.76 21 8.01
Changes in Operating Assets and Liabilities, net		 -9.53 83 -59 -35 -57 161 -52 48 28 -18 -36
Net Cash From Investing Activities		 -39 -51 -30 -30 -40 -54 -156 -473 -44 -68 -47
Net Cash From Continuing Investing Activities		 -39 -51 -30 -30 -40 -54 -156 -473 -44 -68 -47
Purchase of Property, Plant & Equipment		 -31 -51 -30 -30 -40 -53 -33 -33 -48 -70 -43
Acquisitions		 - - 0.00 - - - -103 -435 2.18 0.85 0.00
Sale and/or Maturity of Investments		 - - 0.00 - - -0.20 -25 -5.06 2.01 1.32 -4.84
Other Investing Activities, net		 -8.16 0.13 0.10 0.10 - -0.92 4.91 -0.50 -0.34 -0.19 0.41
Net Cash From Financing Activities		 -19 -147 -32 -33 -4.89 -183 85 301 -46 354 -34
Net Cash From Continuing Financing Activities		 -19 -147 -32 -33 -4.89 -183 85 301 -46 354 -34
Repayment of Debt		 -117 -153 -102 -137 -136 -236 -62 -223 -135 -905 2.56
Repurchase of Common Equity		 - - -20 - - - -30 - - - 0.00
Payment of Dividends		 -21 -21 -22 -22 -22 -22 -24 -23 -23 -23 -26
Issuance of Debt		 121 21 121 121 155 59 205 554 113 1,408 0.00
Other Financing Activities, net		 -2.07 5.63 -8.24 5.85 -1.89 16 -4.45 -6.78 -1.39 -127 -11
Effect of Exchange Rate Changes		 0.22 1.52 -0.17 -0.14 -0.07 -1.75 2.29 -4.77 -9.71 7.44 1.67
Cash Interest Paid		 10 18 15 17 16 24 5.33 25 12 23 0.38
Cash Income Taxes Paid		 12 25 2.16 43 -1.84 1.96 10 1.84 16 20 1.93

Annual Balance Sheets for BWX Technologies

This table presents BWX Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,375 1,580 1,712 1,655 1,909 2,294 2,501 2,619 2,747 2,870 4,271
Total Current Assets		 647 694 873 542 630 774 774 772 818 930 1,560
Cash & Equivalents		 155 126 203 30 87 43 34 35 76 74 500
Restricted Cash		 15 6.13 7.11 3.83 3.06 3.07 2.90 2.93 2.86 2.79 3.09
Accounts Receivable		 442 518 629 85 70 176 87 88 87 152 288
Inventories, net		 - - - - - - - - - 40 47
Other Current Assets		 32 29 30 420 464 549 646 642 653 661 723
Plant, Property, & Equipment, net		 269 300 349 439 580 816 1,046 1,135 1,229 1,278 1,585
Total Noncurrent Assets		 459 587 491 673 699 703 682 712 701 662 1,126
Long-Term Investments		 38 52 53 71 78 81 95 108 98 110 158
Goodwill		 168 211 218 274 276 284 286 293 297 287 501
Intangible Assets		 58 115 110 229 191 193 186 194 186 165 330
Noncurrent Deferred & Refundable Income Taxes		 181 194 87 64 59 49 21 21 16 6.57 12
Other Noncurrent Operating Assets		 13 15 23 36 96 96 95 97 104 92 125
Total Liabilities & Shareholders' Equity		 1,375 1,580 1,712 1,655 1,909 2,294 2,501 2,619 2,747 2,870 4,271
Total Liabilities		 1,096 1,429 1,427 1,419 1,505 1,676 1,864 1,871 1,814 1,790 3,038
Total Current Liabilities		 354 440 528 377 405 530 460 368 375 474 672
Accounts Payable		 74 100 93 115 171 184 190 127 127 158 141
Accrued Expenses		 58 84 78 73 61 83 86 85 70 65 108
Current Deferred Revenue		 139 147 246 - 75 84 112 89 107 161 305
Current Employee Benefit Liabilities		 68 82 82 77 83 90 72 61 65 77 118
Total Noncurrent Liabilities		 742 990 898 1,042 1,100 1,146 1,405 1,503 1,439 1,315 2,366
Long-Term Debt		 278 498 481 754 809 863 1,189 1,283 1,203 1,043 2,016
Asset Retirement Reserve & Litigation Obligation		 60 82 80 86 80 84 93 91 91 94 100
Noncurrent Employee Benefit Liabilities		 379 376 318 193 196 171 84 76 101 99 157
Other Noncurrent Operating Liabilities		 25 34 20 9.35 15 29 39 53 43 79 94
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 280 150 286 236 404 618 637 748 933 1,080 1,233
Total Preferred & Common Equity		 266 150 285 236 404 618 637 748 933 1,081 1,232
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 266 150 285 236 404 618 637 748 933 1,081 1,232
Common Stock		 24 23 100 117 135 155 176 191 208 230 161
Retained Earnings		 739 885 991 1,167 1,344 1,550 1,776 1,933 2,094 2,287 2,524
Treasury Stock		 -498 -762 -815 -1,038 -1,068 -1,095 -1,326 -1,353 -1,361 -1,388 -1,433
Accumulated Other Comprehensive Income / (Loss)		 0.75 3.81 9.45 -10 -7.45 8.20 12 -22 -7.46 -48 -19
Noncontrolling Interest		 14 0.39 0.36 0.04 0.01 0.00 0.06 0.05 -0.05 -0.28 0.53

Quarterly Balance Sheets for BWX Technologies

This table presents BWX Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 2,672 2,719 2,741 2,777 2,788 2,841 2,947 3,054 3,699 3,782 4,325
Total Current Assets		 850 852 839 878 865 910 983 976 997 1,104 1,616
Cash & Equivalents		 51 42 34 50 46 48 36 55 37 80 512
Restricted Cash		 2.91 2.96 2.99 3.02 2.89 2.93 2.96 2.81 3.05 3.06 3.20
Accounts Receivable		 107 89 95 122 98 107 106 132 173 211 252
Inventories, net		 - - - - - - - 50 52 58 46
Other Current Assets		 685 713 708 703 718 752 838 735 732 753 803
Plant, Property, & Equipment, net		 1,083 1,152 1,183 1,186 1,231 1,242 1,275 1,298 1,538 1,536 1,596
Total Noncurrent Assets		 739 715 718 713 692 689 689 780 1,164 1,141 1,112
Long-Term Investments		 115 114 113 114 101 102 109 133 183 184 166
Goodwill		 290 294 297 294 294 293 295 349 513 502 496
Intangible Assets		 193 191 191 185 180 176 175 188 325 330 321
Noncurrent Deferred & Refundable Income Taxes		 20 21 20 18 15 13 12 4.73 4.73 3.38 3.38
Other Noncurrent Operating Assets		 120 94 96 102 102 105 98 106 139 122 126
Total Liabilities & Shareholders' Equity		 2,672 2,719 2,741 2,777 2,788 2,841 2,947 3,054 3,699 3,782 4,325
Total Liabilities		 1,959 1,931 1,899 1,905 1,842 1,842 1,889 1,954 2,515 2,540 3,045
Total Current Liabilities		 407 349 348 351 387 409 437 484 590 647 674
Accounts Payable		 147 138 144 151 148 164 172 162 192 212 216
Accrued Expenses		 87 75 61 63 79 63 81 72 105 120 114
Current Deferred Revenue		 99 90 88 72 112 125 120 194 198 211 272
Current Employee Benefit Liabilities		 75 41 49 58 40 47 53 43 83 91 73
Total Noncurrent Liabilities		 1,552 1,582 1,551 1,554 1,455 1,434 1,451 1,470 1,925 1,893 2,370
Long-Term Debt		 1,341 1,362 1,331 1,334 1,221 1,203 1,221 1,185 1,520 1,497 2,018
Asset Retirement Reserve & Litigation Obligation		 94 93 95 96 92 91 93 96 97 98 102
Noncurrent Employee Benefit Liabilities		 70 74 72 69 98 95 92 95 186 177 153
Other Noncurrent Operating Liabilities		 48 54 54 54 45 45 46 93 123 121 98
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 713 788 842 872 946 998 1,059 1,100 1,184 1,241 1,280
Total Preferred & Common Equity		 713 788 842 872 946 998 1,059 1,100 1,184 1,242 1,280
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 713 788 842 872 946 998 1,059 1,100 1,184 1,242 1,280
Common Stock		 188 195 199 204 212 218 223 236 244 253 174
Retained Earnings		 1,910 1,973 2,010 2,049 2,140 2,191 2,238 2,340 2,395 2,454 2,590
Treasury Stock		 -1,353 -1,360 -1,360 -1,361 -1,388 -1,388 -1,388 -1,432 -1,432 -1,433 -1,452
Accumulated Other Comprehensive Income / (Loss)		 -32 -19 -7.72 -20 -19 -23 -15 -43 -23 -33 -31
Noncontrolling Interest		 0.22 -0.12 -0.13 -0.13 -0.16 -0.24 -0.08 -0.26 -0.26 -0.26 -0.19

Annual Metrics And Ratios for BWX Technologies

This table displays calculated financial ratios and metrics derived from BWX Technologies' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -2.42% 9.54% 8.85% 6.65% 5.28% 12.06% 0.03% 5.12% 11.80% 8.31% 18.30%
EBITDA Growth		 138.24% 12.53% 17.60% -4.81% 13.62% 12.06% 18.15% -23.03% 1.45% 5.52% 13.75%
EBIT Growth		 3,070.76% 32.76% 18.76% -6.93% 16.01% 14.51% 17.93% -27.07% 0.28% 4.58% 10.26%
NOPAT Growth		 2,029.40% 48.92% -16.53% 50.54% 11.50% 13.19% -5.00% -1.16% -8.67% 10.47% 3.89%
Net Income Growth		 512.60% 39.69% -19.20% 53.21% 7.64% 14.11% 9.70% -22.09% 3.23% 14.61% 16.85%
EPS Growth		 351.85% 44.26% -16.48% 54.42% 12.33% 14.12% 11.34% -19.75% 3.08% 14.55% 16.61%
Operating Cash Flow Growth		 315.45% -28.42% -7.48% -23.73% 65.02% -29.68% 96.51% -36.61% 48.63% 12.30% 17.49%
Free Cash Flow Firm Growth		 67.67% -72.70% 57.71% -247.67% 162.12% -114.71% -461.34% 193.54% 136.25% 75.06% -230.57%
Invested Capital Growth		 -22.67% 32.17% 10.75% 69.31% 17.87% 27.95% 25.27% 11.58% 4.20% -0.88% 32.78%
Revenue Q/Q Growth		 24.13% 2.64% 1.58% 2.73% 1.24% 2.69% 1.68% 1.46% 4.23% 0.77% 4.56%
EBITDA Q/Q Growth		 33.23% 14.67% 4.09% -6.29% 14.23% 4.39% 22.85% -5.88% 6.24% -4.10% 9.76%
EBIT Q/Q Growth		 117.17% 18.28% 4.55% -8.17% 17.76% 5.10% 26.54% -7.28% 7.43% -5.67% 10.62%
NOPAT Q/Q Growth		 129.19% 22.65% -25.08% 19.85% 19.27% 4.10% 3.51% 1.05% 8.01% -1.98% 1.47%
Net Income Q/Q Growth		 366.72% 23.12% -25.10% 19.83% 19.24% 1.61% 19.94% -23.64% 10.44% 1.72% 7.36%
EPS Q/Q Growth		 351.85% 23.94% -25.00% 20.11% 19.16% 1.75% 21.35% -23.30% 9.84% 1.99% 7.51%
Operating Cash Flow Q/Q Growth		 -17.19% 27.09% -24.05% 146.46% 3.96% -41.62% 40.92% -17.74% 45.71% 15.60% -23.80%
Free Cash Flow Firm Q/Q Growth		 -65.79% -55.81% 26.73% 47.07% -19.79% -119.08% 11.68% 59.93% 177.58% 62.21% -401.60%
Invested Capital Q/Q Growth		 -17.13% 8.11% -6.09% -12.22% -5.59% 2.29% 1.78% 0.35% -3.88% -9.04% 4.15%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 27.42% 29.94% 29.37% 28.00% 28.17% 27.10% 25.91% 24.72% 24.86% 24.23% 22.91%
EBITDA Margin		 18.80% 19.32% 20.87% 18.63% 20.10% 20.10% 23.74% 17.39% 15.78% 15.37% 14.78%
Operating Margin		 13.25% 16.05% 17.52% 15.29% 16.84% 17.21% 16.28% 15.61% 12.63% 12.20% 10.30%
EBIT Margin		 13.25% 16.05% 17.52% 15.29% 16.84% 17.21% 20.29% 14.08% 12.63% 12.20% 11.37%
Profit (Net Income) Margin		 9.29% 11.84% 8.79% 12.63% 12.91% 13.15% 14.42% 10.69% 9.87% 10.44% 10.31%
Tax Burden Percent		 59.46% 71.37% 50.16% 81.14% 77.99% 77.09% 77.40% 75.90% 76.64% 80.95% 82.85%
Interest Burden Percent		 117.89% 103.35% 100.05% 101.82% 98.29% 99.09% 91.80% 100.00% 101.94% 105.77% 109.52%
Effective Tax Rate		 36.38% 28.63% 49.84% 18.86% 22.01% 22.91% 22.60% 24.10% 23.36% 19.05% 17.15%
Return on Invested Capital (ROIC)		 28.81% 42.38% 29.48% 31.36% 25.53% 23.43% 17.61% 14.79% 12.54% 13.63% 12.04%
ROIC Less NNEP Spread (ROIC-NNEP)		 23.60% 45.29% 29.51% 32.26% 24.88% 23.06% 21.93% 12.42% 12.97% 15.25% 17.15%
Return on Net Nonoperating Assets (RNNOA)		 -8.49% 43.02% 38.55% 55.82% 50.96% 31.21% 31.21% 19.65% 16.75% 14.40% 16.48%
Return on Equity (ROE)		 20.32% 85.39% 68.03% 87.18% 76.48% 54.64% 48.81% 34.44% 29.30% 28.04% 28.52%
Cash Return on Invested Capital (CROIC)		 54.38% 14.67% 19.28% -20.11% 9.12% -1.09% -4.83% 3.84% 8.43% 14.52% -16.12%
Operating Return on Assets (OROA)		 8.86% 16.85% 17.96% 16.34% 17.91% 17.40% 17.98% 12.28% 11.75% 11.74% 10.18%
Return on Assets (ROA)		 6.21% 12.43% 9.01% 13.50% 13.73% 13.29% 12.78% 9.32% 9.18% 10.05% 9.24%
Return on Common Equity (ROCE)		 19.86% 82.55% 67.91% 87.11% 76.48% 54.64% 48.81% 34.44% 29.30% 28.04% 28.51%
Return on Equity Simple (ROE_SIMPLE)		 49.47% 122.39% 51.99% 96.45% 60.55% 45.19% 48.07% 31.89% 26.39% 26.12% 0.00%
Net Operating Profit after Tax (NOPAT)		 119 178 148 223 249 282 268 265 242 267 273
NOPAT Margin		 8.43% 11.46% 8.79% 12.40% 13.14% 13.27% 12.60% 11.85% 9.68% 9.87% 8.54%
Net Nonoperating Expense Percent (NNEP)		 5.21% -2.91% -0.02% -0.90% 0.65% 0.37% -4.32% 2.37% -0.43% -1.62% -5.11%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 12.99% 11.28% 12.50% 8.40%
Cost of Revenue to Revenue		 72.58% 70.06% 70.63% 72.00% 71.83% 72.90% 74.09% 75.28% 75.14% 75.77% 77.09%
SG&A Expenses to Revenue		 14.68% 13.51% 12.45% 11.89% 11.44% 10.89% 10.85% 10.49% 11.20% 11.79% 12.33%
R&D to Revenue		 2.58% 0.41% 0.43% 0.85% 0.93% 0.67% 0.52% 0.43% 0.31% 0.28% 0.43%
Operating Expenses to Revenue		 14.17% 13.88% 11.86% 12.72% 11.33% 9.88% 11.20% 11.10% 12.23% 12.04% 12.61%
Earnings before Interest and Taxes (EBIT)		 188 249 296 275 319 366 431 314 315 330 364
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 266 299 352 335 381 427 504 388 394 416 473
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 11.44 23.83 19.27 14.81 13.71 8.83 6.68 6.92 7.45 9.43 12.82
Price to Tangible Book Value (P/TBV)		 78.02 0.00 0.00 0.00 0.00 38.62 25.61 19.81 15.43 16.22 39.33
Price to Revenue (P/Rev)		 2.15 2.31 3.26 1.94 2.92 2.57 2.00 2.32 2.79 3.77 4.94
Price to Earnings (P/E)		 23.12 19.53 37.20 15.38 22.69 19.58 13.91 21.75 28.30 36.13 48.04
Dividend Yield		 30.95% 1.00% 0.76% 1.81% 1.17% 1.33% 1.82% 1.55% 1.21% 0.86% 0.58%
Earnings Yield		 4.33% 5.12% 2.69% 6.50% 4.41% 5.11% 7.19% 4.60% 3.53% 2.77% 2.08%
Enterprise Value to Invested Capital (EV/IC)		 8.68 8.17 10.86 4.64 5.87 4.58 3.14 3.35 4.06 5.67 6.63
Enterprise Value to Revenue (EV/Rev)		 2.21 2.52 3.40 2.31 3.27 2.91 2.50 2.83 3.20 4.09 5.36
Enterprise Value to EBITDA (EV/EBITDA)		 11.78 13.03 16.31 12.38 16.25 14.50 10.53 16.28 20.29 26.60 36.30
Enterprise Value to EBIT (EV/EBIT)		 16.72 15.67 19.43 15.08 19.39 16.93 12.32 20.10 25.34 33.53 47.20
Enterprise Value to NOPAT (EV/NOPAT)		 26.27 21.96 38.73 18.59 24.86 21.96 19.83 23.88 33.07 41.42 62.84
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.35 16.27 25.87 24.51 22.16 31.50 13.75 25.82 21.97 27.07 35.76
Enterprise Value to Free Cash Flow (EV/FCFF)		 13.92 63.46 59.23 0.00 69.58 0.00 0.00 91.96 49.22 38.90 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.05 3.49 1.78 3.26 2.04 1.40 1.87 1.72 1.30 0.98 1.64
Long-Term Debt to Equity		 1.00 3.31 1.68 3.20 2.00 1.40 1.87 1.71 1.29 0.97 1.64
Financial Leverage		 -0.36 0.95 1.31 1.73 2.05 1.35 1.42 1.58 1.29 0.94 0.96
Leverage Ratio		 3.27 6.87 7.55 6.46 5.57 4.11 3.82 3.70 3.19 2.79 3.09
Compound Leverage Factor		 3.86 7.10 7.55 6.58 5.48 4.07 3.51 3.70 3.25 2.95 3.38
Debt to Total Capital		 51.19% 77.73% 64.04% 76.51% 67.10% 58.27% 65.11% 63.27% 56.45% 49.42% 62.05%
Short-Term Debt to Total Capital		 2.62% 4.05% 3.51% 1.42% 1.20% 0.00% 0.00% 0.31% 0.29% 0.59% 0.00%
Long-Term Debt to Total Capital		 48.57% 73.68% 60.53% 75.10% 65.90% 58.27% 65.11% 62.96% 56.16% 48.83% 62.05%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 2.43% 0.06% 0.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.01% 0.02%
Common Equity to Total Capital		 46.38% 22.21% 35.91% 23.48% 32.90% 41.73% 34.88% 36.73% 43.55% 50.60% 37.93%
Debt to EBITDA		 1.10 1.75 1.45 2.29 2.16 2.02 2.36 3.32 3.07 2.54 4.26
Net Debt to EBITDA		 0.31 1.09 0.69 1.97 1.71 1.72 2.09 2.93 2.62 2.09 2.87
Long-Term Debt to EBITDA		 1.05 1.66 1.37 2.25 2.13 2.02 2.36 3.30 3.06 2.51 4.26
Debt to NOPAT		 2.46 2.96 3.43 3.44 3.31 3.06 4.44 4.87 5.01 3.95 7.38
Net Debt to NOPAT		 0.68 1.84 1.64 2.95 2.62 2.60 3.94 4.30 4.28 3.25 4.96
Long-Term Debt to NOPAT		 2.33 2.80 3.24 3.38 3.25 3.06 4.44 4.85 4.98 3.91 7.38
Altman Z-Score		 4.15 3.98 4.92 4.22 4.88 4.48 3.93 4.13 4.85 6.04 5.23
Noncontrolling Interest Sharing Ratio		 2.27% 3.33% 0.17% 0.08% 0.01% 0.00% 0.00% 0.01% 0.00% -0.02% 0.01%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.83 1.58 1.65 1.44 1.56 1.46 1.68 2.10 2.18 1.96 2.32
Quick Ratio		 1.70 1.50 1.58 0.31 0.40 0.42 0.27 0.34 0.43 0.48 1.17
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 225 61 97 -143 89 -13 -73 69 162 284 -366
Operating Cash Flow to CapEx		 489.48% 388.21% 229.11% 154.83% 153.39% 77.03% 124.10% 123.39% 240.41% 265.82% 260.00%
Free Cash Flow to Firm to Interest Expense		 22.12 7.33 6.52 -5.15 2.52 -0.42 -2.05 0.00 3.45 7.20 -8.27
Operating Cash Flow to Interest Expense		 32.92 28.58 14.92 6.08 7.91 6.33 10.80 0.00 7.73 10.35 10.85
Operating Cash Flow Less CapEx to Interest Expense		 26.19 21.22 8.41 2.15 2.75 -1.89 2.10 0.00 4.52 6.45 6.68
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.67 1.05 1.03 1.07 1.06 1.01 0.89 0.87 0.93 0.96 0.90
Accounts Receivable Turnover		 3.13 3.23 2.94 5.04 24.44 17.28 16.16 25.52 28.66 22.64 14.52
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 56.79
Fixed Asset Turnover		 4.91 5.45 5.21 4.57 3.72 3.04 2.28 2.05 2.11 2.16 2.23
Accounts Payable Turnover		 12.60 12.48 12.33 12.45 9.54 8.72 8.41 10.61 14.78 14.39 16.47
Days Sales Outstanding (DSO)		 116.47 112.93 124.05 72.41 14.94 21.12 22.59 14.30 12.74 16.12 25.14
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.43
Days Payable Outstanding (DPO)		 28.97 29.25 29.61 29.32 38.27 41.86 43.40 34.41 24.69 25.37 22.16
Cash Conversion Cycle (CCC)		 87.50 83.68 94.44 43.10 -23.34 -20.74 -20.81 -20.11 -11.96 -9.25 9.41
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 361 477 529 895 1,055 1,350 1,691 1,887 1,966 1,949 2,588
Invested Capital Turnover		 3.42 3.70 3.36 2.53 1.94 1.77 1.40 1.25 1.30 1.38 1.41
Increase / (Decrease) in Invested Capital		 -106 116 51 366 160 295 341 196 79 -17 639
Enterprise Value (EV)		 3,135 3,902 5,743 4,150 6,190 6,189 5,308 6,319 7,990 11,054 17,157
Market Capitalization		 3,039 3,575 5,500 3,490 5,539 5,457 4,255 5,180 6,957 10,186 15,802
Book Value per Share		 $2.50 $1.51 $2.87 $2.39 $4.24 $6.48 $6.91 $8.20 $10.20 $11.82 $13.48
Tangible Book Value per Share		 $0.37 ($1.77) ($0.44) ($2.71) ($0.66) $1.48 $1.80 $2.87 $4.93 $6.87 $4.39
Total Capital		 573 676 795 1,004 1,228 1,480 1,827 2,037 2,143 2,136 3,249
Total Debt		 293 525 509 768 824 863 1,189 1,289 1,210 1,055 2,016
Total Long-Term Debt		 278 498 481 754 809 863 1,189 1,283 1,203 1,043 2,016
Net Debt		 82 327 243 659 651 732 1,054 1,139 1,033 869 1,355
Capital Expenditures (CapEx)		 68 62 97 109 182 255 311 198 151 154 185
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 135 135 159 142 144 194 274 368 370 391 385
Debt-free Net Working Capital (DFNWC)		 309 281 373 179 240 244 314 410 449 468 888
Net Working Capital (NWC)		 294 254 345 165 225 244 314 404 443 456 888
Net Nonoperating Expense (NNE)		 -12 -5.94 -0.07 -4.06 4.25 2.58 -39 26 -4.70 -15 -57
Net Nonoperating Obligations (NNO)		 82 327 243 659 651 732 1,054 1,139 1,033 869 1,355
Total Depreciation and Amortization (D&A)		 79 51 57 60 62 61 73 74 79 86 109
Debt-free, Cash-free Net Working Capital to Revenue		 9.53% 8.69% 9.44% 7.89% 7.62% 9.16% 12.88% 16.48% 14.84% 14.48% 12.05%
Debt-free Net Working Capital to Revenue		 21.80% 18.13% 22.09% 9.96% 12.65% 11.48% 14.79% 18.36% 17.99% 17.32% 27.77%
Net Working Capital to Revenue		 20.74% 16.36% 20.44% 9.17% 11.88% 11.48% 14.79% 18.08% 17.74% 16.86% 27.77%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.23 $1.79 $1.49 $2.29 $2.56 $2.92 $3.24 $2.60 $2.68 $3.08 $3.59
Adjusted Weighted Average Basic Shares Outstanding		 106.70M 102.47M 99.33M 99.06M 95.38M 95.46M 94.28M 91.45M 91.62M 91.57M 91.57M
Adjusted Diluted Earnings per Share		 $1.22 $1.76 $1.47 $2.27 $2.55 $2.91 $3.24 $2.60 $2.68 $3.07 $3.58
Adjusted Weighted Average Diluted Shares Outstanding		 107.58M 103.84M 100.37M 100.02M 95.81M 95.73M 94.52M 91.70M 91.87M 91.86M 91.86M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 104.79M 99.45M 99.49M 94.87M 95.08M 94.99M 91.40M 91.28M 91.31M 91.48M 91.45M
Normalized Net Operating Profit after Tax (NOPAT)		 88 199 148 223 251 281 265 269 242 270 269
Normalized NOPAT Margin		 6.24% 12.84% 8.78% 12.41% 13.25% 13.22% 12.47% 12.04% 9.71% 10.00% 8.41%
Pre Tax Income Margin		 15.62% 16.59% 17.53% 15.56% 16.56% 17.06% 18.63% 14.08% 12.88% 12.90% 12.45%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 18.42 29.66 19.87 9.89 9.04 11.79 12.05 0.00 6.70 8.35 8.22
NOPAT to Interest Expense		 11.72 21.17 9.97 8.02 7.05 9.09 7.49 0.00 5.14 6.76 6.18
EBIT Less CapEx to Interest Expense		 11.69 22.30 13.36 5.96 3.88 3.56 3.36 0.00 3.49 4.46 4.05
NOPAT Less CapEx to Interest Expense		 4.99 13.81 3.46 4.09 1.89 0.86 -1.21 0.00 1.92 2.87 2.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 26.23% 20.35% 28.34% 28.08% 26.72% 26.13% 26.01% 33.98% 34.50% 31.30% 28.03%
Augmented Payout Ratio		 79.29% 179.93% 28.34% 122.56% 34.89% 33.99% 99.73% 42.36% 34.50% 38.38% 37.13%

Quarterly Metrics And Ratios for BWX Technologies

This table displays calculated financial ratios and metrics derived from BWX Technologies' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 91,445,088.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 91,445,088.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.00
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.66% 16.24% 6.26% 11.27% 13.89% 2.86% 12.96% 12.12% 28.92% 18.70% 26.08%
EBITDA Growth		 1.75% -16.24% 9.51% 27.93% 9.04% -16.10% 1.86% -4.64% 21.03% 22.51% 7.68%
EBIT Growth		 0.60% -20.16% 9.87% 32.08% 9.46% -22.05% -1.69% -11.17% 17.81% 19.04% 3.72%
NOPAT Growth		 21.22% -18.37% 8.89% 41.22% 4.69% -8.38% 9.72% -14.53% 13.03% 11.28% 9.86%
Net Income Growth		 -2.40% 54.11% 12.36% 24.51% 15.39% 7.19% 10.20% 7.42% 18.02% 31.80% 20.74%
EPS Growth		 -1.49% 51.06% 11.94% 23.44% 15.15% 8.45% 9.33% 7.59% 17.11% 32.47% 20.73%
Operating Cash Flow Growth		 14.39% 105.97% 353.58% -18.26% -56.11% 24.85% 53.36% 141.36% 338.76% -54.13% 82.82%
Free Cash Flow Firm Growth		 37.73% 91.28% 125.20% 159.42% 67.06% 940.94% -148.73% -843.76% -679.84% -848.85% -2,566.20%
Invested Capital Growth		 8.79% 4.20% 1.62% 1.44% 4.75% -0.88% 4.06% 21.17% 15.96% 32.78% 24.20%
Revenue Q/Q Growth		 -3.67% 22.97% -16.75% 12.83% -1.40% 11.06% -8.58% 11.99% 13.38% 2.26% -2.89%
EBITDA Q/Q Growth		 0.42% 13.87% -5.27% 18.10% -14.41% -12.38% 15.00% 10.57% 8.63% -21.30% 13.91%
EBIT Q/Q Growth		 -0.01% 16.71% -6.68% 21.27% -17.14% -16.88% 17.69% 9.58% 9.90% -28.50% 20.46%
NOPAT Q/Q Growth		 6.66% 17.07% -11.19% 27.35% -20.93% 2.45% 6.36% -0.80% 4.57% -6.38% 9.76%
Net Income Q/Q Growth		 2.88% 9.87% 3.35% 6.58% -4.66% 2.06% 6.26% 3.89% 4.75% 13.98% -2.66%
EPS Q/Q Growth		 3.13% 7.58% 5.63% 5.33% -3.80% 1.32% 6.49% 3.66% 4.71% 14.61% -2.94%
Operating Cash Flow Q/Q Growth		 -7.77% 198.28% -85.11% 99.52% -50.48% 748.60% -81.71% 214.00% -9.99% -11.29% -27.08%
Free Cash Flow Firm Q/Q Growth		 -26.93% 90.88% 406.29% 67.62% -170.36% 332.81% -117.75% -2,458.46% 26.23% -110.93% 23.61%
Invested Capital Q/Q Growth		 0.86% -3.88% 2.98% 1.61% 4.14% -9.04% 8.11% 18.31% -0.33% 4.15% 1.13%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 26.05% 25.99% 24.61% 24.69% 24.40% 23.37% 24.21% 25.05% 21.82% 21.14% 22.94%
EBITDA Margin		 16.42% 15.20% 17.30% 18.11% 15.72% 12.40% 15.60% 15.40% 14.75% 11.36% 13.32%
Operating Margin		 13.06% 12.39% 13.21% 14.50% 12.06% 9.39% 12.09% 10.98% 10.64% 8.02% 9.90%
EBIT Margin		 13.06% 12.39% 13.90% 14.94% 12.55% 9.39% 12.09% 11.83% 11.47% 8.02% 9.95%
Profit (Net Income) Margin		 10.23% 9.14% 11.35% 10.72% 10.36% 9.52% 11.07% 10.27% 9.49% 10.58% 10.60%
Tax Burden Percent		 77.21% 77.45% 77.55% 79.72% 76.85% 91.02% 82.26% 80.26% 76.41% 92.78% 84.97%
Interest Burden Percent		 101.45% 95.21% 105.31% 90.03% 107.46% 111.40% 111.29% 108.14% 108.27% 142.15% 125.41%
Effective Tax Rate		 22.79% 22.55% 22.45% 20.28% 23.15% 8.98% 17.74% 19.74% 23.59% 7.22% 15.03%
Return on Invested Capital (ROIC)		 12.30% 12.44% 12.91% 14.72% 11.87% 11.81% 13.39% 11.09% 10.74% 10.49% 12.02%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.38% 12.13% 13.49% 14.21% 12.53% 12.57% 14.13% 12.03% 11.76% 12.99% 13.63%
Return on Net Nonoperating Assets (RNNOA)		 18.28% 15.66% 17.77% 17.34% 14.65% 11.87% 14.40% 13.06% 11.90% 12.48% 13.42%
Return on Equity (ROE)		 30.58% 28.10% 30.68% 32.06% 26.52% 23.68% 27.80% 24.15% 22.64% 22.97% 25.44%
Cash Return on Invested Capital (CROIC)		 2.98% 8.43% 10.67% 11.77% 8.37% 14.52% 9.24% -7.66% -3.15% -16.12% -9.75%
Operating Return on Assets (OROA)		 11.48% 11.53% 12.78% 13.92% 11.76% 9.04% 11.52% 10.37% 10.43% 7.18% 9.10%
Return on Assets (ROA)		 8.99% 8.50% 10.43% 9.99% 9.71% 9.17% 10.54% 9.00% 8.63% 9.47% 9.70%
Return on Common Equity (ROCE)		 30.58% 28.10% 30.68% 32.07% 26.53% 23.68% 27.80% 24.16% 22.64% 22.97% 25.44%
Return on Equity Simple (ROE_SIMPLE)		 25.58% 0.00% 26.83% 26.86% 26.21% 0.00% 26.29% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 59 70 62 79 62 64 68 67 70 66 72
NOPAT Margin		 10.08% 9.60% 10.24% 11.56% 9.27% 8.55% 9.95% 8.81% 8.13% 7.44% 8.41%
Net Nonoperating Expense Percent (NNEP)		 -0.07% 0.31% -0.59% 0.51% -0.65% -0.76% -0.73% -0.94% -1.01% -2.50% -1.61%
Return On Investment Capital (ROIC_SIMPLE)		 - 3.25% - - - 2.99% 2.95% 2.48% 2.56% 2.03% 2.19%
Cost of Revenue to Revenue		 73.95% 74.01% 75.39% 75.31% 75.60% 76.63% 75.79% 74.95% 78.18% 78.86% 77.06%
SG&A Expenses to Revenue		 13.53% 10.28% 11.15% 11.71% 12.03% 12.15% 12.84% 13.47% 10.78% 12.48% 12.56%
R&D to Revenue		 0.20% 0.23% 0.25% 0.19% 0.31% 0.35% 0.30% 0.60% 0.40% 0.43% 0.48%
Operating Expenses to Revenue		 12.99% 13.59% 11.40% 11.89% 12.34% 12.42% 12.12% 14.07% 11.18% 13.12% 13.05%
Earnings before Interest and Taxes (EBIT)		 77 90 84 102 84 70 83 90 99 71 86
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 97 110 104 123 106 93 106 118 128 101 115
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 7.78 7.45 9.87 8.68 9.39 9.43 8.20 11.11 13.57 12.82 14.60
Price to Tangible Book Value (P/TBV)		 17.25 15.43 19.80 16.37 16.89 16.22 16.02 37.93 41.11 39.33 40.41
Price to Revenue (P/Rev)		 2.83 2.79 3.69 3.33 3.70 3.77 3.24 4.59 5.51 4.94 5.54
Price to Earnings (P/E)		 30.45 28.30 36.90 32.37 35.90 36.13 31.23 44.71 54.89 48.04 54.27
Dividend Yield		 1.23% 1.21% 0.91% 0.99% 0.87% 0.86% 0.98% 0.68% 0.54% 0.58% 0.50%
Earnings Yield		 3.28% 3.53% 2.71% 3.09% 2.79% 2.77% 3.20% 2.24% 1.82% 2.08% 1.84%
Enterprise Value to Invested Capital (EV/IC)		 3.89 4.06 5.15 4.73 5.14 5.67 4.76 5.80 7.28 6.63 7.66
Enterprise Value to Revenue (EV/Rev)		 3.32 3.20 4.12 3.74 4.11 4.09 3.61 5.05 5.92 5.36 5.93
Enterprise Value to EBITDA (EV/EBITDA)		 21.48 20.29 25.99 22.72 25.43 26.60 23.79 35.09 42.01 36.30 41.67
Enterprise Value to EBIT (EV/EBIT)		 27.13 25.34 32.48 28.13 31.53 33.53 30.17 45.57 55.06 47.20 54.66
Enterprise Value to NOPAT (EV/NOPAT)		 35.59 33.07 42.24 36.06 40.47 41.42 36.73 55.40 67.24 62.84 71.68
Enterprise Value to Operating Cash Flow (EV/OCF)		 31.89 21.97 25.43 24.61 31.19 27.07 23.55 27.87 28.73 35.76 38.40
Enterprise Value to Free Cash Flow (EV/FCFF)		 136.12 49.22 48.61 40.45 62.91 38.90 52.56 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.54 1.30 1.30 1.21 1.16 0.98 1.09 1.29 1.22 1.64 1.58
Long-Term Debt to Equity		 1.53 1.29 1.29 1.21 1.15 0.97 1.08 1.28 1.21 1.64 1.58
Financial Leverage		 1.48 1.29 1.32 1.22 1.17 0.94 1.02 1.09 1.01 0.96 0.98
Leverage Ratio		 3.44 3.19 3.18 3.03 2.97 2.79 2.86 3.00 2.93 3.09 3.10
Compound Leverage Factor		 3.49 3.04 3.34 2.73 3.19 3.11 3.18 3.24 3.17 4.39 3.89
Debt to Total Capital		 60.59% 56.45% 56.50% 54.85% 53.77% 49.42% 52.13% 56.41% 54.87% 62.05% 61.18%
Short-Term Debt to Total Capital		 0.28% 0.29% 0.36% 0.42% 0.48% 0.59% 0.54% 0.46% 0.45% 0.00% 0.00%
Long-Term Debt to Total Capital		 60.31% 56.16% 56.14% 54.42% 53.30% 48.83% 51.58% 55.95% 54.42% 62.05% 61.18%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 -0.01% 0.00% -0.01% -0.01% 0.00% -0.01% -0.01% -0.01% -0.01% 0.02% -0.01%
Common Equity to Total Capital		 39.41% 43.55% 43.51% 45.16% 46.23% 50.60% 47.88% 43.60% 45.14% 37.93% 38.82%
Debt to EBITDA		 3.62 3.07 3.06 2.83 2.84 2.54 2.84 3.72 3.51 4.26 4.20
Net Debt to EBITDA		 3.17 2.62 2.69 2.48 2.50 2.09 2.39 3.17 2.89 2.87 2.78
Long-Term Debt to EBITDA		 3.60 3.06 3.05 2.81 2.82 2.51 2.81 3.69 3.48 4.26 4.20
Debt to NOPAT		 5.99 5.01 4.98 4.50 4.52 3.95 4.39 5.87 5.61 7.38 7.22
Net Debt to NOPAT		 5.25 4.28 4.37 3.93 3.98 3.25 3.69 5.01 4.62 4.96 4.78
Long-Term Debt to NOPAT		 5.97 4.98 4.95 4.46 4.48 3.91 4.34 5.82 5.56 7.38 7.22
Altman Z-Score		 4.35 4.58 5.33 5.15 5.45 5.74 5.04 5.03 5.93 5.00 5.63
Noncontrolling Interest Sharing Ratio		 0.01% 0.00% -0.02% -0.02% -0.01% -0.02% -0.02% -0.02% -0.01% 0.01% -0.02%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.50 2.18 2.24 2.23 2.25 1.96 2.02 1.69 1.71 2.32 2.40
Quick Ratio		 0.49 0.43 0.37 0.38 0.32 0.48 0.39 0.36 0.45 1.17 1.13
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -106 -9.64 30 50 -35 81 -14 -368 -272 -573 -438
Operating Cash Flow to CapEx		 240.48% 436.65% 108.56% 216.72% 80.96% 527.20% 151.79% 485.94% 296.60% 180.93% 217.85%
Free Cash Flow to Firm to Interest Expense		 -8.68 -0.81 3.08 4.63 -3.52 8.73 -1.80 -31.36 -19.37 -54.80 -92.46
Operating Cash Flow to Interest Expense		 6.11 18.74 3.44 6.17 3.29 29.82 6.34 13.55 10.21 12.15 19.56
Operating Cash Flow Less CapEx to Interest Expense		 3.57 14.45 0.27 3.32 -0.77 24.16 2.16 10.76 6.77 5.43 10.58
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.88 0.93 0.92 0.93 0.94 0.96 0.95 0.88 0.91 0.90 0.92
Accounts Receivable Turnover		 20.96 28.66 27.03 25.80 23.52 22.64 24.16 20.45 19.30 14.52 17.55
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 56.79 54.83
Fixed Asset Turnover		 2.11 2.11 2.12 2.15 2.18 2.16 2.20 2.06 2.18 2.23 2.33
Accounts Payable Turnover		 12.10 14.78 13.31 12.58 12.44 14.39 13.64 12.20 12.18 16.47 13.82
Days Sales Outstanding (DSO)		 17.42 12.74 13.50 14.15 15.52 16.12 15.11 17.84 18.92 25.14 20.80
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.43 6.66
Days Payable Outstanding (DPO)		 30.17 24.69 27.42 29.02 29.33 25.37 26.76 29.93 29.96 22.16 26.41
Cash Conversion Cycle (CCC)		 -12.75 -11.96 -13.91 -14.87 -13.81 -9.25 -11.66 -12.08 -11.04 9.41 1.05
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,046 1,966 2,025 2,057 2,143 1,949 2,107 2,493 2,485 2,588 2,617
Invested Capital Turnover		 1.22 1.30 1.26 1.27 1.28 1.38 1.35 1.26 1.32 1.41 1.43
Increase / (Decrease) in Invested Capital		 165 79 32 29 97 -17 82 435 342 639 510
Enterprise Value (EV)		 7,961 7,990 10,422 9,722 11,021 11,054 10,032 14,470 18,094 17,157 20,036
Market Capitalization		 6,787 6,957 9,343 8,663 9,937 10,186 9,025 13,161 16,851 15,802 18,700
Book Value per Share		 $9.53 $10.20 $10.34 $10.92 $11.58 $11.82 $12.01 $12.96 $13.59 $13.48 $14.00
Tangible Book Value per Share		 $4.30 $4.93 $5.15 $5.79 $6.44 $6.87 $6.15 $3.80 $4.48 $4.39 $5.06
Total Capital		 2,213 2,143 2,175 2,211 2,290 2,136 2,298 2,716 2,751 3,249 3,298
Total Debt		 1,341 1,210 1,229 1,213 1,232 1,055 1,198 1,532 1,510 2,016 2,018
Total Long-Term Debt		 1,334 1,203 1,221 1,203 1,221 1,043 1,185 1,520 1,497 2,016 2,018
Net Debt		 1,174 1,033 1,079 1,059 1,084 869 1,007 1,309 1,243 1,355 1,337
Capital Expenditures (CapEx)		 31 51 30 30 40 53 33 33 48 70 43
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 480 370 437 459 518 391 446 379 387 385 427
Debt-free Net Working Capital (DFNWC)		 533 449 486 511 556 468 504 419 470 888 942
Net Working Capital (NWC)		 527 443 478 501 545 456 492 407 457 888 942
Net Nonoperating Expense (NNE)		 -0.86 3.33 -6.68 5.72 -7.36 -7.27 -7.66 -11 -12 -28 -19
Net Nonoperating Obligations (NNO)		 1,174 1,033 1,079 1,059 1,084 869 1,007 1,309 1,243 1,355 1,337
Total Depreciation and Amortization (D&A)		 20 20 21 22 21 22 24 27 28 30 29
Debt-free, Cash-free Net Working Capital to Revenue		 20.03% 14.84% 17.25% 17.66% 19.31% 14.48% 16.04% 13.24% 12.66% 12.05% 12.63%
Debt-free Net Working Capital to Revenue		 22.25% 17.99% 19.18% 19.63% 20.74% 17.32% 18.13% 14.63% 15.36% 27.77% 27.90%
Net Working Capital to Revenue		 21.99% 17.74% 18.87% 19.27% 20.33% 16.86% 17.68% 14.20% 14.96% 27.77% 27.90%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.66 $0.71 $0.75 $0.80 $0.76 $0.77 $0.82 $0.86 $0.90 $1.01 $0.99
Adjusted Weighted Average Basic Shares Outstanding		 91.66M 91.62M 91.56M 91.56M 91.57M 91.57M 91.59M 91.54M 91.57M 91.57M 91.66M
Adjusted Diluted Earnings per Share		 $0.66 $0.71 $0.75 $0.79 $0.76 $0.77 $0.82 $0.85 $0.89 $1.02 $0.99
Adjusted Weighted Average Diluted Shares Outstanding		 91.90M 91.87M 91.86M 91.80M 91.89M 91.86M 91.87M 91.70M 91.79M 91.86M 91.91M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 91.51M 91.31M 91.41M 91.42M 91.44M 91.48M 91.36M 91.40M 91.43M 91.45M 91.61M
Normalized Net Operating Profit after Tax (NOPAT)		 59 70 62 79 62 64 64 67 70 65 72
Normalized NOPAT Margin		 10.08% 9.60% 10.24% 11.56% 9.27% 8.55% 9.41% 8.81% 8.13% 7.38% 8.42%
Pre Tax Income Margin		 13.25% 11.80% 14.63% 13.45% 13.49% 10.46% 13.46% 12.80% 12.42% 11.40% 12.48%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 6.33 7.60 8.75 9.52 8.51 7.55 10.32 7.70 7.09 6.80 18.08
NOPAT to Interest Expense		 4.89 5.88 6.45 7.37 6.29 6.87 8.49 5.73 5.02 6.30 15.28
EBIT Less CapEx to Interest Expense		 3.79 3.31 5.58 6.68 4.44 1.89 6.15 4.91 3.64 0.08 9.10
NOPAT Less CapEx to Interest Expense		 2.35 1.59 3.28 4.52 2.22 1.22 4.32 2.95 1.58 -0.41 6.30
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 37.68% 34.50% 33.76% 32.29% 31.50% 31.30% 30.98% 30.80% 29.85% 28.03% 27.38%
Augmented Payout Ratio		 37.68% 34.50% 41.64% 39.74% 38.71% 38.38% 41.35% 40.98% 39.62% 37.13% 27.38%

Financials Breakdown Chart

Key Financial Trends

BWX Technologies (NYSE: BWXT) showed solid top-line growth and strong profitability in Q1 2026, but cash flow was pressured by working-capital outflows and ongoing capital spending. Compared with the prior year and the most recent quarter, the company continues to generate healthy earnings, while balance-sheet leverage remains elevated and cash generation is more uneven quarter to quarter.

  • Revenue continued to rise year over year. Q1 2026 revenue increased to $860.2 million from $822.2 million in Q1 2025, showing continued demand growth.
  • Net income improved versus the prior-year quarter. Q1 2026 net income was $91.2 million, up from $75.5 million in Q1 2025.
  • Operating income also moved higher. Operating income reached $85.1 million in Q1 2026, compared with $80.0 million a year earlier.
  • Gross margin held up well. Gross profit in Q1 2026 was $197.4 million on revenue of $860.2 million, indicating the business is still converting sales into profit effectively.
  • Cash and equivalents improved meaningfully. Cash and equivalents rose to $512.4 million at March 31, 2026, from $410.9 million at the end of Q4 2025 and $55.4 million at Q1 2025.
  • Operating cash flow remained strong. BWXT generated $92.6 million of cash from operations in Q1 2026, despite a seasonal working-capital drag.
  • Longer-term trends remain positive. Over the last four years, revenue and earnings have generally trended higher, with Q1 revenue climbing from $568.4 million in Q1 2023 to $860.2 million in Q1 2026.
  • Share count has stayed relatively stable. Diluted weighted average shares in Q1 2026 were 91.9 million, only modestly above prior periods, so dilution has been limited.
  • Dividend payments continue. BWXT paid $25.8 million in dividends in Q1 2026, consistent with a shareholder-return profile, but also a cash use to monitor.
  • Working capital was a drag on cash flow. Changes in operating assets and liabilities reduced operating cash flow by $35.6 million in Q1 2026, which is weaker than the favorable working-capital contribution seen in parts of 2025.

Balance-sheet leverage remains the key watch item. At the end of Q1 2026, BWXT had $2.02 billion of long-term debt against $1.28 billion of equity, so the company is still carrying a meaningful debt load even though liquidity is strong.

Compared with late 2025, the company’s balance sheet improved in some respects. Total liabilities fell to $3.04 billion from $3.32 billion in Q4 2025, while equity increased to $1.28 billion from $1.01 billion, helped by continued earnings retention and a stronger cash position.

Bottom line: BWXT continues to look like a profitable, growing industrial defense name with strong operating cash flow and a large cash balance. The main caution is leverage and quarter-to-quarter volatility in working capital and financing activity, which can make free cash flow less consistent than net income alone would suggest.

06/15/26 02:24 PM ETAI Generated. May Contain Errors.

BWX Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, BWX Technologies' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

BWX Technologies' net income appears to be on an upward trend, with a most recent value of $329.86 million in 2025, rising from $131.45 million in 2015. The previous period was $282.30 million in 2024. Find out what analysts predict for BWX Technologies in the coming months.

BWX Technologies' total operating income in 2025 was $329.55 million, based on the following breakdown:
  • Total Gross Profit: $732.86 million
  • Total Operating Expenses: $403.31 million

Over the last 10 years, BWX Technologies' total revenue changed from $1.42 billion in 2015 to $3.20 billion in 2025, a change of 126.0%.

BWX Technologies' total liabilities were at $3.04 billion at the end of 2025, a 69.8% increase from 2024, and a 177.3% increase since 2015.

In the past 10 years, BWX Technologies' cash and equivalents has ranged from $29.87 million in 2018 to $499.78 million in 2025, and is currently $499.78 million as of their latest financial filing in 2025.

Over the last 10 years, BWX Technologies' book value per share changed from 2.50 in 2015 to 13.48 in 2025, a change of 440.2%.


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Financial statements for NYSE:BWXT last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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