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Stocks · Industrials · Engines & Turbines

BWX Technologies, Inc.

BWXT Clue Score47
United States Fiscal year ends December CIK 0001486957
$143.83 +1.13% Close, 9 Oct 2026
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Price $143.83 +147.51% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,550.6Operating income234.4Net income183.1EPS, diluted1.76Fiscal year 2017Revenue1,687.7 +8.8%Operating income292.2Net income147.8 −19.2%EPS, diluted1.47 −16.5%Fiscal year 2018Revenue1,799.9 +6.6%Operating income305.0Net income227.0 +53.5%EPS, diluted2.27 +54.4%Fiscal year 2019Revenue1,894.9 +5.3%Operating income325.5Net income244.1 +7.6%EPS, diluted2.55 +12.3%Fiscal year 2020Revenue2,123.5 +12.1%Operating income358.6Net income278.7 +14.2%EPS, diluted2.91 +14.1%Fiscal year 2021Revenue2,124.1 +0.0%Operating income345.8Net income305.9 +9.8%EPS, diluted3.24 +11.3%Fiscal year 2022Revenue2,232.8 +5.1%Operating income348.6Net income238.2 −22.1%EPS, diluted2.60 −19.8%Fiscal year 2023Revenue2,496.3 +11.8%Operating income383.1Net income245.8 +3.2%EPS, diluted2.68 +3.1%Fiscal year 2024Revenue2,703.7 +8.3%Operating income380.6Net income281.9 +14.7%EPS, diluted3.07 +14.6%Fiscal year 2025Revenue3,198.4 +18.3%Operating income404.5Net income328.9 +16.7%EPS, diluted3.58 +16.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,550.6 1,687.7 1,799.9 1,894.9 2,123.5 2,124.1 2,232.8 2,496.3 2,703.7 3,198.4
Growth +8.8% +6.6% +5.3% +12.1% +0.0% +5.1% +11.8% +8.3% +18.3%
Operating income 234.4 292.2 305.0 325.5 358.6 345.8 348.6 383.1 380.6 404.5
Net income 183.1 147.8 227.0 244.1 278.7 305.9 238.2 245.8 281.9 328.9
Growth −19.2% +53.5% +7.6% +14.2% +9.8% −22.1% +3.2% +14.7% +16.7%
EPS, diluted 1.76 1.47 2.27 2.55 2.91 3.24 2.60 2.68 3.07 3.58
Growth −16.5% +54.4% +12.3% +14.1% +11.3% −19.8% +3.1% +14.6% +16.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin15.1%Net margin11.8%Free cash flow margin12.1%Fiscal year 2017Operating margin17.3%Net margin8.8%Free cash flow margin7.4%Fiscal year 2018Operating margin16.9%Net margin12.6%Free cash flow margin3.3%Fiscal year 2019Operating margin17.2%Net margin12.9%Free cash flow margin5.1%Fiscal year 2020Operating margin16.9%Net margin13.1%Free cash flow margin−2.8%Fiscal year 2021Operating margin16.3%Net margin14.4%Free cash flow margin3.5%Fiscal year 2022Operating margin15.6%Net margin10.7%Free cash flow margin2.1%Fiscal year 2023Operating margin15.3%Net margin9.8%Free cash flow margin8.5%Fiscal year 2024Operating margin14.1%Net margin10.4%Free cash flow margin9.4%Fiscal year 2025Operating margin12.6%Net margin10.3%Free cash flow margin9.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 15.1% 17.3% 16.9% 17.2% 16.9% 16.3% 15.6% 15.3% 14.1% 12.6%
Net margin 11.8% 8.8% 12.6% 12.9% 13.1% 14.4% 10.7% 9.8% 10.4% 10.3%
Free cash flow margin 12.1% 7.4% 3.3% 5.1% −2.8% 3.5% 2.1% 8.5% 9.4% 9.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow239.9Capital expenditure−52.6Free cash flow187.3Buybacks−293.0Dividends paid−37.4Fiscal year 2017Operating cash flow222.0Capital expenditure−96.9Free cash flow125.1 −33.2%Buybacks0.0Dividends paid−42.0Fiscal year 2018Operating cash flow169.3Capital expenditure−109.3Free cash flow60.0 −52.1%Buybacks−214.8Dividends paid−63.8Fiscal year 2019Operating cash flow279.4Capital expenditure−182.1Free cash flow97.2 +62.2%Buybacks−20.0Dividends paid−65.4Fiscal year 2020Operating cash flow196.4Capital expenditure−255.0Free cash flow−58.6 −160.2%Buybacks−22.0Dividends paid−72.9Fiscal year 2021Operating cash flow386.0Capital expenditure−311.1Free cash flow75.0Buybacks−225.8Dividends paid−79.7Fiscal year 2022Operating cash flow244.7Capital expenditure−198.3Free cash flow46.4 −38.1%Buybacks−20.0Dividends paid−81.1Fiscal year 2023Operating cash flow363.7Capital expenditure−151.3Free cash flow212.4 +357.9%Buybacks0.0Dividends paid−85.0Fiscal year 2024Operating cash flow408.4Capital expenditure−153.6Free cash flow254.8 +19.9%Buybacks−20.0Dividends paid−88.3Fiscal year 2025Operating cash flow479.8Capital expenditure−184.6Free cash flow295.3 +15.9%Buybacks−30.0Dividends paid−92.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 239.9 222.0 169.3 279.4 196.4 386.0 244.7 363.7 408.4 479.8
Capital expenditure −52.6 −96.9 −109.3 −182.1 −255.0 −311.1 −198.3 −151.3 −153.6 −184.6
Free cash flow 187.3 125.1 60.0 97.2 −58.6 75.0 46.4 212.4 254.8 295.3
Growth −33.2% −52.1% +62.2% −160.2% −38.1% +357.9% +19.9% +15.9%
Buybacks −293.0 0.0 −214.8 −20.0 −22.0 −225.8 −20.0 0.0 −20.0 −30.0
Dividends paid −37.4 −42.0 −63.8 −65.4 −72.9 −79.7 −81.1 −85.0 −88.3 −92.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash125.6Total debt497.7Net cash (debt)−372.1Shareholders’ equity150.0Debt to equity3.32Fiscal year 2017Cash203.4Total debt481.1Net cash (debt)−277.7Shareholders’ equity285.4Debt to equity1.69Fiscal year 2018Cash29.9Total debt753.6Net cash (debt)−723.7Shareholders’ equity235.7Debt to equity3.20Fiscal year 2019Cash86.5Total debt824.2Net cash (debt)−737.6Shareholders’ equity404.1Debt to equity2.04Fiscal year 2020Cash42.6Total debt862.7Net cash (debt)−820.1Shareholders’ equity617.8Debt to equity1.40Fiscal year 2021Cash33.9Total debt1,189.3Net cash (debt)−1,155.4Shareholders’ equity637.2Debt to equity1.87Fiscal year 2022Cash35.2Total debt1,288.9Net cash (debt)−1,253.6Shareholders’ equity748.3Debt to equity1.72Fiscal year 2023Cash75.8Total debt1,209.7Net cash (debt)−1,133.9Shareholders’ equity933.4Debt to equity1.30Fiscal year 2024Cash74.1Total debt1,055.5Net cash (debt)−981.4Shareholders’ equity1,080.7Debt to equity0.98Fiscal year 2025Cash499.8Total debt2,016.0Net cash (debt)−1,516.2Shareholders’ equity1,232.5Debt to equity1.64
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 125.6 203.4 29.9 86.5 42.6 33.9 35.2 75.8 74.1 499.8
Total debt 497.7 481.1 753.6 824.2 862.7 1,189.3 1,288.9 1,209.7 1,055.5 2,016.0
Net cash (debt) −372.1 −277.7 −723.7 −737.6 −820.1 −1,155.4 −1,253.6 −1,133.9 −981.4 −1,516.2
Shareholders’ equity 150.0 285.4 235.7 404.1 617.8 637.2 748.3 933.4 1,080.7 1,232.5
Debt to equity 3.32 1.69 3.20 2.04 1.40 1.87 1.72 1.30 0.98 1.64

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
15.1% 17.3% 16.9% 17.2% 16.9% 16.3% 15.6% 15.3% 14.1% 12.6%
16.6% 17.5% 15.6% 16.6% 17.1% 18.6% 14.1% 12.9% 12.9% 12.4%
11.8% 8.8% 12.6% 12.9% 13.1% 14.4% 10.7% 9.8% 10.4% 10.3%
12.1% 7.4% 3.3% 5.1% −2.8% 3.5% 2.1% 8.5% 9.4% 9.2%
Spending
0.4% 0.4% 0.8% 0.9% 0.7% 0.5% 0.4% 0.3% 0.3% 0.4%
13.5% 12.5% 11.9% 11.4% 10.9% 10.8% 10.5% 11.2% 11.8% 12.3%
3.4% 5.7% 6.1% 9.6% 12.0% 14.6% 8.9% 6.1% 5.7% 5.8%
28.6% 49.8% 18.9% 22.0% 22.9% 22.6% 24.1% 23.4% 19.0% 17.1%
Returns
122.0% 51.8% 96.3% 60.4% 45.1% 48.0% 31.8% 26.3% 26.1% 26.7%
11.6% 8.6% 13.7% 12.8% 12.2% 12.2% 9.1% 8.9% 9.8% 7.7%
Balance and payout
3.32 1.69 3.20 2.04 1.40 1.87 1.72 1.30 0.98 1.64
n/a n/a n/a n/a n/a n/a n/a n/a 62.4% 71.1%
20.4% 28.4% 28.1% 26.8% 26.2% 26.0% 34.0% 34.6% 31.3% 28.1%
176.4% 33.6% 464.7% 87.8% n/a 407.4% 217.9% 40.0% 42.5% 41.5%