MARKETS / NYSE / BWXT

NYSE · ENGINES & TURBINES · LARGE CAP

BWX Technologies, Inc. BWXT

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$3.2B

▲ 18.3% YoY

Net income

$328.9M

▲ 16.7% YoY

Free cash flow

$295.3M

▲ 15.9% YoY

In brief

What this company does

BWX Technologies, Inc. designs, engineers and manufactures precision naval nuclear components, nuclear reactors and nuclear fuel for the U.S. Government, and provides special nuclear materials processing, environmental site restoration services, products and services to customers in the nuclear power industry, medical radioisotopes and radiopharmaceuticals, and other nuclear technologies. At December 31, 2025, the company employed approximately 10,400 persons worldwide, predominantly in the U.S. and Canada. The U.S. Government accounted for approximately 68% of its total consolidated revenues during the year ended December 31, 2025. The company operates in two reportable segments, Government Operations and Commercial Operations.

Written from the business description in BWX TECHNOLOGIES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 23 February 2026. Every sentence was checked against that document before publication.

Growth

USD 3.2B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 3.2 · Net income 0.3

Compound annual growth

Revenue

+12.7%

+8.5%

+1.2%

Net income

+11.4%

+3.4%

+9.6%

+5.9%

EPS, diluted

+11.3%

+4.2%

+11.4%

+7.6%

Dividend / share

+2.9%

+4.8%

+11.6%

Returned to shareholders

+6.6%

+5.9%

+2.4%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +8.5% a year over five years — but profit grew slower: net income at +3.4%, earnings per share at +4.2%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

10 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 12.6% · Net 10.3%

ROE

FY2025 · ROE 28.4%

Gross margin22.9%

Operating margin12.6%

Net margin10.3%

Return on assets9.2%

EBITDAUSD 513.6M

Each USD of equity produced 28 cents of profit this year.

Cash & shareholders

USD 122.5M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 295.3

Net buybacks $M Dividends $M

FY2025 · Dividends 92.5 · Net buybacks 30.0

Dividends paidUSD 92.5M

Net buybacksUSD 30.0M

Share of profit37.2%

Consecutive raises—

USD 92.5M in dividends and USD 30.0M in buybacks — 37% of the year's profit went back to shareholders.

Total assetsUSD 4.3B

EquityUSD 1.2B

CashUSD 499.8M

Gross debtUSD 2.0B

Net debtUSD 1.5B

Current ratio2.32×

Net debt stands at 123% of equity.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	3.2	2.7	2.5	2.2	2.1	2.1	1.9	1.8	1.7	1.6	1.4	1.5	1.5	3.3	3.0	2.7	2.9
Operating income $B	0.4	0.4	0.4	0.3	0.3	0.4	0.3	0.3	0.3	0.2	0.2	0.0	0.3	0.3	0.1	0.2	0.3
EBITDA $B	0.5	0.5	0.5	0.4	0.4	0.4	0.4	0.4	0.3	0.3	0.3	0.1	0.4	0.4	0.2	0.3	0.3
Income tax $B	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.0	0.1	0.1
Net income $B	0.3	0.3	0.2	0.2	0.3	0.3	0.2	0.2	0.1	0.2	0.1	0.0	0.3	0.2	0.1	0.1	0.1
Free cash flow $B	0.3	0.3	0.2	0.0	0.1	−0.1	0.1	0.1	0.1	0.2	0.3	0.0	0.1	0.1	0.1	0.1	0.2
EPS, diluted $	3.58	3.07	2.68	2.60	3.24	2.91	2.55	2.27	1.47	1.76	1.22	0.27	3.07	1.91	0.66	1.19	1.26
Dividend / sh $	0.96	0.96	0.92	0.88	0.84	0.76	0.68	0.64	0.42	0.36	0.32	0.40	0.34	0.08	·	·	·
Payout %	28	31	35	34	26	26	27	28	28	20	26	148	11	4	·	·	·
ROE %	28.4	28.0	29.2	34.4	48.7	54.5	76.3	87.1	67.9	88.1	20.8	2.7	32.2	25.1	10.2	19.6	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityEngines & Turbines

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2009