BWXT Financials BWX Technologies

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 8.5% per year over the past 5 years.
Net income has grown slower than revenue (3.4% vs 8.5% per year).
Operating margin has contracted, at 12.6% in the latest year.

Financial health

Total debt ($2.0B) exceeds cash ($500M); net debt is $1.5B.
Total debt has grown faster than revenue (18.5% vs 8.5% per year).
Operating income covered interest expense 9.1× in the latest year.
Total debt is 3.9× EBITDA.

Shareholder returns

Dividends have been paid for 14 consecutive years, consuming 28.1% of earnings and 31.3% of free cash flow.
The dividend has grown 4.9% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$3.2B	$329M	22.9%	12.6%	$295M	$2.0B	$500M
2024	$2.7B	$282M	24.2%	14.1%	$255M	$1.1B	$74M
2023	$2.5B	$246M	24.9%	15.3%	$212M	$1.2B	$76M
2022	$2.2B	$238M	24.7%	15.6%	$46M	$1.3B	$35M
2021	$2.1B	$306M	25.9%	16.3%	$75M	$1.2B	$34M
2020	$2.1B	$279M	27.1%	16.9%	-$59M	$863M	$43M
2019	$1.9B	$244M	28.2%	17.2%	$97M	$824M	$87M
2018	$1.8B	$227M	28.0%	16.9%	$60M	$754M	$30M
2017	$1.7B	$148M	29.4%	17.3%	$125M	$481M	$203M
2016	$1.6B	$183M	29.9%	15.1%	$187M	$498M	$126M
2015	—	$131M	—	—	$267M	$300M	$155M
2014	—	$29M	—	—	-$1M	$303M	$124M
2013	—	$346M	—	—	$73M	$5M	$346M
2012	—	$228M	—	—	$98M	$4M	$384M
2011	—	$78M	—	—	$110M	$5M	$415M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$860M	$91M	22.9%	12.4%	$50M	$2.0B	$512M
Dec '25	$886M	$93M	0.0%	10.4%	$57M	$2.0B	$500M
Sep '25	$866M	$82M	21.8%	13.1%	$95M	$1.5B	$80M
Jun '25	$764M	$78M	25.1%	13.4%	$126M	$1.5B	$37M
Mar '25	$682M	$75M	24.2%	14.2%	$17M	$1.2B	$55M
Dec '24	$746M	$71M	0.0%	12.4%	$224M	$1.1B	$74M
Sep '24	$672M	$69M	24.4%	14.4%	-$8M	$1.2B	$36M
Jun '24	$681M	$73M	24.7%	14.5%	$35M	$1.2B	$48M
Mar '24	$604M	$68M	24.6%	15.4%	$3M	$1.2B	$46M
Dec '23	$726M	$66M	0.0%	17.0%	$171M	$1.2B	$76M
Sep '23	$590M	$60M	26.1%	14.5%	$43M	$1.3B	$50M
Jun '23	$612M	$59M	23.0%	14.2%	$41M	$1.3B	$34M
Mar '23	$568M	$61M	24.1%	15.5%	-$43M	$1.4B	$42M
Dec '22	$624M	$43M	0.0%	16.3%	$44M	$1.3B	$35M
Sep '22	$524M	$62M	0.0%	15.3%	$25M	$1.3B	$51M
Jun '22	$554M	$75M	0.0%	17.2%	$35M	$1.4B	$67M
Mar '22	$531M	$59M	0.0%	13.5%	-$58M	$1.3B	$24M
Dec '21	$592M	$117M	0.0%	17.3%	$86M	$1.2B	$34M
Sep '21	$499M	$60M	0.0%	17.5%	$769000	$1.3B	$69M
Jun '21	$505M	$59M	0.0%	14.6%	-$8M	$1.2B	$191M

Valuation over time

How the market has priced BWXT against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 24.0× (Mar '23) to 57.0× (Jun '26).
The price-to-sales ratio has risen from 2.6× (Mar '23) to 5.9× (Jun '26).
The dividend yield has fallen from 1.4% (Mar '23) to 0.5% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is BWXT growing its revenue and profit?

Over the past 5 years, BWX Technologies's revenue has grown 8.5% per year, and net income grown 3.4% per year. These are computed facts, not advice.

How much debt does BWXT have?

As of FY2025, BWX Technologies reported $2.0B of total debt against $500M of cash; operating income covered interest expense 9.1×.

What is BWXT's profit margin?

In FY2025, gross margin was 22.9%, operating margin 12.6%, and net margin 10.3%.

What is BWXT's P/E ratio?

As of Jun '26, BWX Technologies traded at a price-to-earnings ratio of about 57.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.