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BWX Technologies, Inc. (BWXT)

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BWX Technologies, Inc. (BWXT) reported revenue of $902 million for Q2 FY2026, the quarter ended 30 June 2026, up 18.0% on the same quarter a year earlier. Net income was $89 million, up 13.6% on the year, and diluted earnings per share $0.97. The figures are the company's own, from the 10-Q/A it filed with the SEC on 5 August 2026.

Revenue$902 millionup 18.0%
Net income$89 millionup 13.6%
Diluted EPS$0.97
QuarterQ2 FY2026ended 30 June 2026

BWX Technologies (BWXT) in brief

BWX Technologies (BWXT) reported revenue of $3.2 billion for fiscal 2025, the year ended 31 December 2025, up 18.3% on the year before.
Read moreNet income was $329 million and diluted earnings per share $3.58. Revenue was $2.7 billion in fiscal 2024, $2.5 billion in fiscal 2023, $2.2 billion in fiscal 2022 and $2.1 billion in fiscal 2021. Net income in the same years was $282 million, $246 million, $238 million and $306 million. Over the twelve months to 30 June 2026, BWX Technologies reported revenue of $3.5 billion and net income of $355 million. Revenue grew 8.5% a year, compounded, over the five years to fiscal 2025. BWX Technologies declared $0.96 a share in dividends over the last four quarters and had 92 million shares outstanding at the latest filed count. At 30 June 2026 it carried $2.0 billion of debt and $608 million of cash. At the close of 8 October 2026 the market cap of BWX Technologies was $13.0 billion, 36.8 times its earnings over the last twelve months.

Ratios

From the filings

ROE26.6%
ROCE12.7%
Operating margin12.1%
Net margin10.1%
FCF margin9.0%
Interest cover12.36
Debt to equity1.51
Cash conversion1.46
Share count, 1 year0.2%
Sales CAGR, 3 years12.7%
Profit CAGR, 3 years11.4%
EPS, TTM$3.86

At the close of 8 October 2026

Price$142.22
Market cap$13.0 billion
Stock P/E36.84
Price to book9.76
EV / EBITDA26.52
Dividend yield0.7%
Market cap / sales3.71
52-week high$238.42
52-week low$134.35
Price, 1 year-27.8%
Price CAGR, 3 years22.4%
Price CAGR, 5 years19.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as BWX Technologies, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
BWXTgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on BWXT

Filings18 in twelve months: 9 current reports (8-K), about 4 results of operations; 2 officer or director change; 2 other events; 1 shareholder vote; 1 material agreement
Planned insider sales7 Form 144 notices in twelve months, $9.0 million; latest 12 August 2026
Options tapeput/call 0.5 by open interest at the 8 October 2026 close; the straddle prices a 5.9% move to 16 October 2026
13F holders10 of the followed funds hold it; largest Geode Capital Management; 3 Schedule 13D or 13G filings in twelve months
Insider trading22 sales and 0 purchases on Form 4 in twelve months
Congress9 House trades disclosed in six months
Short interest3.2 million shares short, 3.17 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026
Revenue590726604681672746682764866886860902
Cost of revenue436537455513508572517573677699663699
Gross profit154189149168164174165191189187197202
Gross margin26%26%25%25%24%23%24%25%22%21%23%22%
R&D1.21.71.51.32.12.62.04.63.53.84.14.2
SG&A79.874.667.479.880.890.787.610393.4111108108
Operating income85.412393.098.896.692.396.610211392.1107114
Operating margin14%17%15%14%14%12%14%13%13%10%12%13%
Interest expense12.211.89.610.79.99.38.011.714.010.54.75.3
Pre-tax income78.285.688.491.690.678.191.897.8108101107114
Tax rate23%23%22%20%23%9%18%20%24%7%15%22%
Net income60.365.968.573.069.571.075.578.482.193.091.189.0
Net margin10%9%11%11%10%10%11%10%9%10%11%10%
Diluted EPS$0.66$0.72$0.75$0.79$0.76$0.77$0.82$0.85$0.89$1.01$0.99$0.97
Operating cash flow74.322233.065.932.627750.615914312792.6156
Capital expenditure30.950.830.430.440.352.533.432.748.370.242.541.4
Free cash flow43.41712.635.5-7.722417.312694.956.850.1115
Buybacks0.00.020.00.00.00.030.00.00.00.00.00.0
Dividends paid21.121.122.422.022.022.023.723.122.922.825.824.7
Shares outstanding92m91m91m91m91m91m91m91m91m91m92m92m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q/A
Each quarter as filed, linked to its filing.
Read moreMoney is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue1,4511,4161,5511,6881,8001,8952,1242,1242,2332,4962,7043,1983,514
Cost of revenue1,1531,0271,0861,1921,2961,3611,5481,5741,6811,8762,0482,4662,738
Gross profit298388464496504534575550552621655733776
Gross margin20.5%27.4%29.9%29.4%28.0%28.2%27.1%25.9%24.7%24.9%24.2%22.9%22.1%
Research and development54.810.56.47.215.217.714.211.19.57.67.513.915.6
Selling, general and administrative230208210210214217231230234280319394420
Operating income25.1206234292305326359346349383381404426
Operating margin1.7%14.5%15.1%17.3%16.9%17.2%16.9%16.3%15.6%15.3%14.1%12.6%12.1%
Interest expense7.110.28.414.927.835.331.035.836.447.039.544.234.5
Pre-tax income32.1221257296280314362396314321349398429
Income tax1.780.473.714752.869.183.089.475.875.166.468.373.3
Effective tax rate5.3%36.4%28.6%49.8%18.9%22.0%22.9%22.6%24.1%23.4%19.0%17.1%17.1%
Net income29.4131183148227244279306238246282329355
Net margin2.0%9.3%11.8%8.8%12.6%12.9%13.1%14.4%10.7%9.8%10.4%10.3%10.1%
Diluted EPS$0.27$1.22$1.76$1.47$2.27$2.55$2.91$3.24$2.60$2.68$3.07$3.58$3.86
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Government Operations2,0312,1832,35073.4%
Commercial Operations46652485326.6%
Government OperationsCommercial Operations
2,498FY20232,707FY20243,203FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States2,0662,2302,43175.9%
Canada39043168921.5%
Other:41.545.583.22.6%
United StatesCanadaOther:
2,498FY20232,707FY20243,203FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow74.9335240222169279196386245364408480519
Capital expenditure76.068.352.696.9109182255311198151154185202
Free cash flow-1.126718712560.097.2-58.675.046.4212255295317
Free cash flow margin-0.1%18.8%12.1%7.4%3.3%5.1%-2.8%3.5%2.1%8.5%9.4%9.2%9.0%
Cash from investingn/a-71.9-189-89.7-327-180-265-305-256-156-155-742-197
Cash from financing105-414-88.9-61.2-9.3-43.725.0-90.114.0-169-253694251
Depreciation and amortisation10678.650.656.660.161.760.769.173.878.685.9109118
Share-based compensation23.531.715.415.211.912.716.818.614.115.921.726.132.8
Buybacks15069.72930.021520.022.022620.00.020.030.00.0
Dividends paid43.534.537.442.063.865.472.979.781.185.088.392.596.1
Dividend per share$0.40$0.32$0.36$0.42$0.64$0.68$0.76$0.84$0.88$0.92$0.96$0.96n/a
Diluted shares, weighted109m108m104m100m100m96m96m95m92m92m92m92m92m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a92m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity9992661502852364046186377489331,0811,2321,334
Non-controlling interest15.513.90.40.40.00.00.00.10.0-0.1-0.30.5-0.3
Short-term borrowings3.2n/an/an/an/an/an/an/an/an/an/an/an/a
Debt3003004984817548098631,1891,2831,2031,0432,0162,020
Other liabilities1,5407969329466666958136755886107471,0221,069
Total liabilities and equity2,8571,3751,5801,7121,6551,9092,2942,5012,6192,7472,8704,2714,423
Owned
Fixed assets3082693003494395808161,0461,1351,2291,2781,5851,603
Goodwill170168211218274276284286293297287501495
Intangible assets60.258.3115110229191193186194186165330312
Investments12.43.514.52.93.65.83.73.83.80.0n/an/an/a
Cash and equivalents12415512620329.986.542.633.935.275.874.1500608
Receivables16515313618971.656.715370.760.870.299.1220198
Inventory9.97.37.78.616.017.115.016.322.927.440.346.546.3
Other assets2,0085616716315926967868608758639261,0891,160
Total assets2,8571,3751,5801,7121,6551,9092,2942,5012,6192,7472,8704,2714,423
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded8.5%8.5%12.7%22.7%
Profit growth, compounded9.6%3.4%11.4%20.7%
Return on equity, average53.5%31.8%26.4%26.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Cummins Inc. CMI$71.6 billion26.5921.1%11.2%2.9%0.521.5%
Idex Corp. IEX$17.1 billion33.3513.0%20.7%7.3%0.471.2%
RBC Bearings Inc. RBC$16.4 billion49.489.3%23.6%17.3%0.230.0%
CNH Industrial N.V. CNH$15.4 billion49.844.0%n/a0.6%3.332.0%
Lincoln Electric Holdings Inc. LECO$14.1 billion25.8535.6%17.1%9.3%0.741.2%
BWX Technologies, Inc. BWXT$13.0 billion36.8426.6%12.1%22.7%1.510.7%
Graco Inc. GGG$12.7 billion24.6421.1%28.1%4.6%0.011.4%
Lennox International Inc. LII$12.6 billion16.3460.8%19.7%-2.1%0.891.4%
Moog Inc. MOG.A$11.6 billion30.6517.0%13.3%15.6%0.410.3%
Regal Rexnord Corp. RRX$10.7 billion32.994.7%11.7%3.5%0.660.9%
Donaldson Co. Inc. DCI$10.1 billion22.6425.7%15.4%5.3%0.731.4%
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
All 41 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ASML Holding N.V. ASML *$695.7 billion64.8849.0%34.6%15.6%0.22n/a
Lam Research Corp. LRCX$401.1 billion55.6658.3%35.3%26.0%0.300.3%
Caterpillar Inc. CAT$366.0 billion34.2755.9%17.5%18.4%1.440.7%
Deere & Co. DE$176.0 billion36.2517.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$164.9 billion43.1918.9%n/a15.5%0.911.0%
Johnson Controls International plc JCI$94.0 billion26.7826.5%n/a6.8%0.621.0%
Illinois Tool Works Inc. ITW$75.4 billion24.00110.3%26.5%4.3%3.352.3%
Cummins Inc. CMI$71.6 billion26.5921.1%11.2%2.9%0.521.5%
Baker Hughes Co. BKR$55.9 billion18.1615.6%n/a0.4%0.82n/a
Carrier Global Corp. CARR$46.4 billion38.509.1%7.8%-1.6%0.771.2%
Ingersoll Rand Inc. IR$30.3 billion32.109.4%18.1%7.8%0.40n/a
TechnipFMC plc FTI$27.4 billion24.1835.9%16.0%9.9%0.120.3%
nVent Electric plc NVT$26.6 billion44.8615.0%17.1%46.2%0.370.5%
Dover Corp. DOV$25.4 billion22.7714.7%16.9%7.6%0.421.1%
Xylem Inc. XYL$23.8 billion24.289.8%14.5%4.5%0.281.6%
Curtiss Wright Corp. CW$18.7 billion34.9119.5%18.8%10.5%0.350.2%
Nordson Corp. NDSN$18.2 billion33.0517.0%26.9%7.0%0.531.0%
Zebra Technologies Corp. ZBRA$18.1 billion34.9615.7%14.7%12.7%0.81n/a
ITT Inc. ITT$17.8 billion38.968.8%14.4%28.1%0.620.7%
Idex Corp. IEX$17.1 billion33.3513.0%20.7%7.3%0.471.2%
RBC Bearings Inc. RBC$16.4 billion49.489.3%23.6%17.3%0.230.0%
CNH Industrial N.V. CNH$15.4 billion49.844.0%n/a0.6%3.332.0%
Lincoln Electric Holdings Inc. LECO$14.1 billion25.8535.6%17.1%9.3%0.741.2%
BWX Technologies, Inc. BWXT$13.0 billion36.8426.6%12.1%22.7%1.510.7%
Graco Inc. GGG$12.7 billion24.6421.1%28.1%4.6%0.011.4%
Lennox International Inc. LII$12.6 billion16.3460.8%19.7%-2.1%0.891.4%
Moog Inc. MOG.A$11.6 billion30.6517.0%13.3%15.6%0.410.3%
Regal Rexnord Corp. RRX$10.7 billion32.994.7%11.7%3.5%0.660.9%
Donaldson Co. Inc. DCI$10.1 billion22.6425.7%15.4%5.3%0.731.4%
Toro Co. TTC$9.2 billion25.8927.2%10.3%5.2%0.721.6%
Flowserve Corp. FLS$8.9 billion24.4416.4%8.5%-0.3%0.941.2%
Pentair plc PNR$8.5 billion13.1417.4%20.3%-2.1%0.431.9%
SPX Technologies, Inc. SPXC$8.4 billion30.3211.9%16.2%20.6%0.260.4%
Timken Co. TKR$7.9 billion30.998.1%10.5%5.5%0.641.2%
Agco Corp. AGCO$7.6 billion14.9613.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.7715.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion73.041.5%5.1%-1.7%0.272.7%
Weatherford International plc WFRD$5.5 billion15.1720.5%12.7%-7.2%0.811.3%
Middleby Corp. MIDD$4.8 billionn/a-21.3%16.5%8.4%0.88n/a
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
Esab Corp. ESAB$4.0 billion23.256.8%12.1%9.7%0.940.6%
2 companies share its SEC industry code (Engines & Turbines); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q/A30 June 20265 August 2026EDGAR
10-Q30 June 20263 August 2026EDGAR
10-Q31 March 20264 May 2026EDGAR
10-K31 December 202523 February 2026EDGAR
10-Q30 September 20253 November 2025EDGAR
10-Q30 June 20254 August 2025EDGAR
10-Q31 March 20255 May 2025EDGAR
10-K/A31 December 202419 March 2025EDGAR
10-K31 December 202424 February 2025EDGAR
10-Q30 September 20244 November 2024EDGAR

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