BWX Technologies, Inc.

Engines & Turbines

BWXTStrong11 of 11 basics passed

$143.80

+1.11%

Market cap $13.2B

$143.80

+1.11%

Market cap $13.2B

BWX Technologies Inc is a specialty manufacturer and service provider of nuclear components, operating in two segments: Government Operations and Commercial Operations. The Government Operations segment produces naval nuclear reactors and fuel for the U.S.

It is a $13.2B industrial company. Revenue grew 22.7% over the last year, it keeps 10¢ of every dollar of sales as profit, and its net debt equals ~4.8 years of free cash flow. It trades at 37.1× earnings — around the middle of its own history.

Website: bwxt.com
Location: Lynchburg, VA
Employees: 10 400
Sector: Industrials

Share price · 3 years

$77.01 → $143.80+86.7%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $3.51B
Profit: keeps 10¢ of every $1 sold; $355M
Free cash flow: cash left after running the business; $317M
Net debt: debt minus cash on hand; $1.52B
P/E: years of profit in the price; 37.1
EPS: earnings per share, TTM; $3.87
Dividend: pays out 27% of profit · 30% of FCF; 0.73%
Shares: down 12% since 2016 — buybacks; 91.9M
Volatility: beta vs the market — under 1 swings less; 0.72

Revenue, last 10 years

52-week range

Low $134.35$143.80High $238.42

Today's price is 9% of the way from the year's low to its high.

P/E vs its history5y

37.1×median 33.0×

Higher than 64% of past days — around the middle of its own history.

Valuation vs own history

P/E

37.1×

36%

P/S

3.8×

37%

EV/EBITDA

37.6×

24%

P/B

9.9×

33%

FCF yield

2.4%

77%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Insider activity · 90 days

-$498Knet selling

Purchases$0

Sales$498K

Insiders trading, last 14d0 buy · 0 sell

Standing in Industrials

Size$13.2Btop 67%
Revenue growth+13%top 15%
Net margin10%top 49%
Return on equity28%top 27%
P/E37.1×top 78%
Dividend yield0.73%top 73%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong health; Valuation lags behind.

Valuation35

P/E vs own history64th pct · 5/25
FCF yield2.4% · 5/25
P/S3.8x · 20/25
EV/EBITDA26.8x · 5/25

Growth57

Revenue CAGR10.8% · 20/25
Net income CAGR1.8% · 6/25
EPS CAGR ~5Y4.2% · 6/25
Fwd implied growth31.5% · 25/25

Profitability69

ROIC12.0% · 12/25
ROE27.9% · 25/25
Net margin10.1% · 20/25
Operating margin12.1% · 12/25

Health80

Altman Z4.20 · 25/25
Current ratio2.40 · 25/25
Interest coverage93.9x · 25/25
Net cash / debtD/A 35% · 5/25

Quality74

Piotroski F5/9 · 15/25
Beneish M-2.11 · 12/25
FCF conversion89% · 22/25
Margin stabilityσ 2.6% · 25/25

Moat67

ROIC >12% years9/10 yrs · 25/25
Median gross margin26.5% · 6/25
FCF-positive years9/10 yrs · 18/25
Worst-year net marginworst 8.8% · 18/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2025Financial
Best year on record
$329M net income
FY2021Financial
Positive free cash flow every year since
5-year streak
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $1B
$1.55B in first reported year

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$26 361 today — price return only

$3.2B revenue in FY2025

Revenue up 22.7% year over year

Profitable 10 years in a row

Positive free cash flow 5 years in a row

10 400 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 22.7% year over year
Interest covered 93.9× by operating earnings
Altman Z-Score 4.20 — low bankruptcy-risk zone

Watch-outs

Nothing stands out as a concern in the available data.

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

11 of 11 checks passed

Revenue growing — the company sells more than a year ago+22.7% YoY
Profitable — makes more than it spends$355M TTM
Profit growing — earnings are higher than last year+11.3% YoY
Generates cash — cash left after running and investing$317M TTM
Debt under control — could handle its obligations~4.8y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$13.2B market cap
Not printing shares — share count not ballooning — you keep your slice-4.0% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distressAltman Z 4.2 — safe
Pays a dividend — returns cash to shareholdersyield 0.73%
Valuation not extreme — price not wildly above earningsP/E 37.1

Peer comparisonBWX Technologies, Inc. vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
BWXT this company	$13.2B	37.1	+22.7%	10.1%	Strong
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: BWXT vs LRCX · BWXT vs CAT · BWXT vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 7Buy 11Hold 5

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $3.51B · net income $355M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$3.51B

YoY 22.7%

Net income (TTM)

$355M

Margin 10.1%

Gross margin

22.1%

Operating margin

12.1%

P/E ratio

37.1

Dividend yield

0.73%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	2.1	2.1	2.2	2.5	2.7	3.2
Gross profit	0.6	0.6	0.6	0.6	0.7	0.7
Operating income (EBIT)	0.4	0.3	0.3	0.4	0.4	0.4
Net income	0.3	0.3	0.2	0.2	0.3	0.3
EPS (diluted)	2.91	3.24	2.60	2.68	3.07	3.58

Cash flowFree cash flow $317M · operating cash flow $519M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$317M

Margin 9.0%

Operating cash flow (TTM)

$519M

FCF margin

9.0%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.2	0.4	0.2	0.4	0.4	0.5
Capital expenditure	-0.3	-0.3	-0.2	-0.2	-0.2	-0.2
Free cash flow	-0.1	0.1	0.0	0.2	0.3	0.3
FCF margin	-2.8%	3.5%	2.1%	8.5%	9.4%	9.2%

Balance sheetAssets $4.27B · net debt $1.52B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $4.27B of assets is financed

71%

29%

Liabilities $3.04B — borrowed moneyEquity $1.23B — owners' stake

Cash vs debt

Total debt $2.02B − cash $500M = net debt $1.52B

Cash on hand covers 25% of debt.

Altman Z-Score

4.20

Safe zone

Debt repayment

4.5 yrs

Years of free cash flow to clear net debt

Interest coverage

93.9x

EBIT ÷ interest expense

ROE

27.9%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.0	0.0	0.0	0.1	0.1	0.5
Total assets	2.3	2.5	2.6	2.7	2.9	4.3
Total liabilities	1.7	1.9	1.9	1.8	1.8	3.0
Total debt	0.9	1.2	1.3	1.2	1.0	2.0
Equity	0.6	0.6	0.7	0.9	1.1	1.2
Net debt	0.8	1.2	1.2	1.1	1.0	1.5

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of BWXT on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $143.80 · market cap $13.2B.