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 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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$3.2B
$329M
22.9%
12.6%
26.7%
7.7%
$295M
$2.0B
$500M
2024
$2.7B
$282M
24.2%
14.1%
26.1%
9.8%
$255M
$1.1B
$74M
2023
$2.5B
$246M
24.9%
15.3%
26.3%
8.9%
$212M
$1.2B
$76M
2022
$2.2B
$238M
24.7%
15.6%
31.8%
9.1%
$46M
$1.3B
$35M
2021
$2.1B
$306M
25.9%
16.3%
48.0%
12.2%
$75M
$1.2B
$34M
2020
$2.1B
$279M
27.1%
16.9%
45.1%
12.2%
-$59M
$863M
$43M
2019
$1.9B
$244M
28.2%
17.2%
60.4%
12.8%
$97M
$824M
$87M
2018
$1.8B
$227M
28.0%
16.9%
96.3%
13.7%
$60M
$754M
$30M
2017
$1.7B
$148M
29.4%
17.3%
51.8%
8.6%
$125M
$481M
$203M
2016
$1.6B
$183M
29.9%
15.1%
122.0%
11.6%
$187M
$498M
$126M
2015
—
$131M
—
—
49.5%
9.6%
$267M
$300M
$155M
2014
—
$29M
—
—
2.9%
1.0%
-$1M
$303M
$124M
2013
—
$346M
—
—
29.7%
13.3%
$73M
$5M
$346M
2012
—
$228M
—
—
23.1%
8.0%
$98M
$4M
$384M
2011
—
$78M
—
—
9.5%
2.8%
$110M
$5M
$415M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Sep '26
$953M
$102M
23.8%
13.9%
7.2%
2.1%
$150M
$2.0B
$569M
Jun '26
$902M
$89M
22.4%
12.7%
6.7%
2.0%
$115M
$2.0B
$608M
Mar '26
$860M
$91M
22.9%
12.4%
7.1%
2.1%
$50M
$2.0B
$512M
Dec '25
$886M
$93M
0.0%
10.4%
7.5%
2.2%
$57M
$2.0B
$500M
Sep '25
$866M
$82M
21.8%
13.1%
6.6%
2.2%
$95M
$1.5B
$80M
Jun '25
$764M
$78M
25.1%
13.4%
6.6%
2.1%
$126M
$1.5B
$37M
Mar '25
$682M
$75M
24.2%
14.2%
6.9%
2.5%
$17M
$1.2B
$55M
Dec '24
$746M
$71M
0.0%
12.4%
6.6%
2.5%
$224M
$1.1B
$74M
Sep '24
$672M
$69M
24.4%
14.4%
6.6%
2.4%
-$8M
$1.2B
$36M
Jun '24
$681M
$73M
24.7%
14.5%
7.3%
2.6%
$35M
$1.2B
$48M
Mar '24
$604M
$68M
24.6%
15.4%
7.2%
2.5%
$3M
$1.2B
$46M
Dec '23
$726M
$66M
0.0%
17.0%
7.1%
2.4%
$171M
$1.2B
$76M
Sep '23
$590M
$60M
26.1%
14.5%
6.9%
2.2%
$43M
$1.3B
$50M
Jun '23
$612M
$59M
23.0%
14.2%
7.0%
2.1%
$41M
$1.3B
$34M
Mar '23
$568M
$61M
24.1%
15.5%
7.8%
2.2%
-$43M
$1.4B
$42M
Dec '22
$624M
$43M
0.0%
16.3%
5.7%
1.6%
$44M
$1.3B
$35M
Sep '22
$524M
$62M
0.0%
15.3%
8.6%
2.3%
$25M
$1.3B
$51M
Jun '22
$554M
$75M
0.0%
17.2%
10.6%
2.8%
$35M
$1.4B
$67M
Mar '22
$531M
$59M
0.0%
13.5%
8.9%
2.3%
-$58M
$1.3B
$24M
Dec '21
$592M
$117M
0.0%
17.3%
18.3%
4.7%
$86M
$1.2B
$34M
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 36.3× (Nov '26).
The price-to-sales ratio has risen from 2.6× (Mar '23) to 3.7× (Nov '26).
The dividend yield has fallen from 1.4% (Mar '23) to 0.8% (Nov '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?
BWX Technologies's P/E (TTM) is 31.90 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the BWXT stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 36.3× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.