Wednesday 14 October 2026
Export BWXT’s income statement to Excel — free account
BWX Technologies, Inc.
BWXT Industrials Aerospace & Defense
BWX Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, up 18.3% from fiscal 2024. In the quarter to June 2026, revenue grew 18.0%, EPS grew 12.8%, free cash flow fell 8.98% and total debt rose 31.8%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.
136.46
2.40
−1.73%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
48.01 | 36.05 | 28.38 | 22.15 | 14.69 | 20.64 | 24.35 | 16.77 | 40.62 | 22.28 |
Piotroski F-Score |
5 | 7 | 7 | 5 | 5 | 3 | 7 | 5 | 6 | 7 |
P/S ratio |
4.95 | 3.77 | 2.80 | 2.36 | 2.13 | 2.71 | 3.12 | 2.10 | 3.56 | 2.59 |
Altman Z-Score |
5.32 | 6.17 | 5.02 | 4.27 | 3.95 | 4.61 | 5.09 | 4.46 | 5.15 | 4.19 |
Altman Z″-Score (non-manufacturers) |
4.47 | 5.30 | 5.14 | 4.85 | 4.52 | 4.42 | 4.60 | 4.49 | 4.62 | 4.06 |
P/FCF ratio |
53.73 | 40.15 | 33.04 | 115.34 | 60.79 | 0.00 | 61.34 | 63.94 | 48.35 | 21.54 |
Beneish M-Score |
(1.91) | (2.05) | (2.69) | (2.44) | (3.13) | (1.04) | (2.70) | (2.66) | (2.49) | (2.73) |
P/Operating CF |
124.62 | 36.84 | 31.54 | 48.92 | 28.13 | 119.02 | 31.43 | 21.31 | 77.95 | 27.26 |
Dividend Safety Score |
82 | — | — | — | — | — | — | — | — | — |
P/B ratio |
12.84 | 9.44 | 7.49 | 7.04 | 7.08 | 9.31 | 14.65 | 16.07 | 21.04 | 26.72 |
Price to Tangible BV |
39.34 | 16.25 | 15.52 | 20.14 | 27.16 | 40.72 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
5.43 | 4.13 | 3.25 | 2.92 | 2.67 | 3.14 | 3.51 | 2.51 | 3.74 | 2.84 |
EV/EBITDA |
29.48 | 21.40 | 15.86 | 13.91 | 12.64 | 14.92 | 15.98 | 11.43 | 17.41 | 14.61 |
EV/Operating CF |
36.16 | 27.37 | 22.34 | 26.62 | 14.68 | 33.90 | 23.80 | 26.69 | 28.42 | 18.33 |
EV/FCF |
58.91 | 44.00 | 38.38 | 142.64 | 76.32 | (112.29) | 68.89 | 76.27 | 50.73 | 23.57 |
Quick Ratio |
1.18 | 0.48 | 0.44 | 0.35 | 0.28 | 0.42 | 0.41 | 0.32 | 0.80 | 0.70 |
Current Ratio |
2.32 | 1.96 | 2.18 | 2.10 | 1.68 | 1.46 | 1.56 | 1.44 | 1.65 | 1.58 |
Net Debt/EBITDA |
2.57 | 1.87 | 2.21 | 2.66 | 2.57 | 2.03 | 1.75 | 1.85 | 0.82 | 1.26 |
Debt/Assets |
47.20% | 36.78% | 44.04% | 49.21% | 47.71% | 41.63% | 43.17% | 46.39% | 29.72% | 33.24% |
Debt/Equity |
1.64 | 0.98 | 1.30 | 1.72 | 1.87 | 1.55 | 2.04 | 3.26 | 1.78 | 3.49 |
Asset Turnover |
0.90 | 0.96 | 0.93 | 0.87 | 0.89 | 1.01 | 1.06 | 1.07 | 1.03 | 1.05 |
Operating CF/Net income |
1.46 | 1.45 | 1.48 | 1.03 | 1.26 | 0.70 | 1.14 | 0.75 | 1.50 | 1.31 |
Capex/Depreciation |
(1.69) | (1.79) | (1.93) | (2.69) | (4.50) | (4.20) | (2.95) | (1.82) | (1.71) | (1.04) |
Interest Coverage |
10.84 | 11.06 | 9.22 | 10.84 | 10.61 | 12.44 | 10.04 | 12.05 | 20.55 | 29.85 |
| 28.44% | 28.00% | 29.24% | 34.38% | 48.74% | 54.54% | 76.31% | 87.05% | 67.79% | 85.13% | |
| 9.21% | 10.04% | 9.16% | 9.30% | 12.76% | 13.26% | 13.70% | 13.48% | 8.98% | 12.39% | |
ROIC |
9.21% | 11.55% | 11.60% | 10.92% | 12.08% | 14.71% | 17.96% | 19.73% | 31.42% | 27.69% |
Return on Tangible Assets |
13.30% | 16.26% | 14.71% | 15.48% | 22.49% | 26.28% | 30.31% | 37.55% | 21.32% | 33.08% |
Average Days of Receivables |
32.89 | 20.56 | 12.65 | 14.33 | 15.00 | 30.18 | 13.51 | 17.23 | 45.11 | 37.94 |
Research and Development Expense of Revenue |
0.43% | 0.28% | 0.30% | 0.43% | 0.52% | 0.67% | 0.93% | 0.85% | 0.43% | 0.41% |
Selling, General and Administrative Expense of Revenue |
12.33% | 11.79% | 11.20% | 10.49% | 10.85% | 10.89% | 11.44% | 11.89% | 12.45% | 13.51% |
Intangible Assets out of Total Assets |
0.19 | 0.16 | 0.18 | 0.19 | 0.19 | 0.21 | 0.24 | 0.30 | 0.19 | 0.21 |
Share Based Compensation of Revenue |
0.82% | 0.80% | 0.64% | 0.63% | 0.88% | 0.79% | 0.67% | 0.66% | 0.90% | 0.99% |
Graham Net Nets |
(0.09) | (0.08) | (0.14) | (0.21) | (0.24) | (0.16) | (0.15) | (0.23) | (0.09) | (0.18) |
Graham Number |
33.03 | 28.64 | 24.83 | 21.88 | 22.27 | 20.62 | 15.59 | 11.05 | 9.82 | 7.62 |
Earnings Yield |
2.08% | 2.77% | 3.52% | 4.51% | 6.81% | 4.84% | 4.11% | 5.96% | 2.46% | 4.49% |
Free Cash Flow Yield |
1.86% | 2.49% | 3.03% | 0.87% | 1.64% | (1.03%) | 1.63% | 1.56% | 2.07% | 4.64% |
Revenue per Share |
34.93 | 29.52 | 27.25 | 24.42 | 22.53 | 22.25 | 19.87 | 18.17 | 16.99 | 15.13 |
Operating CF per Share |
5.24 | 4.46 | 3.97 | 2.68 | 4.09 | 2.06 | 2.93 | 1.71 | 2.23 | 2.34 |
Capex per Share |
(2.02) | (1.68) | (1.65) | (2.17) | (3.30) | (2.67) | (1.91) | (1.10) | (0.98) | (0.51) |
Free Cash Flow per Share |
3.22 | 2.78 | 2.32 | 0.51 | 0.80 | (0.61) | 1.02 | 0.61 | 1.26 | 1.83 |
Cash per Share |
5.49 | 0.84 | 0.86 | 0.46 | 0.43 | 0.52 | 1.00 | 0.38 | 2.15 | 1.43 |
Shareholders Equity per Share |
13.47 | 11.80 | 10.19 | 8.18 | 6.76 | 6.47 | 4.24 | 2.38 | 2.88 | 1.47 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
13.47 | 11.80 | 10.19 | 8.18 | 6.76 | 6.47 | 4.24 | 2.38 | 2.88 | 1.47 |
Free Cash Flow |
295.29 | 254.78 | 212.42 | 46.39 | 74.97 | (58.58) | 97.24 | 59.95 | 125.08 | 187.27 |
Working Capital |
888.34 | 455.80 | 442.76 | 403.76 | 314.12 | 243.87 | 225.05 | 165.10 | 344.96 | 253.70 |
Capital Expenditures |
(184.56) | (153.65) | (151.29) | (198.31) | (311.05) | (255.03) | (182.12) | (109.34) | (96.88) | (52.63) |
Net Current Asset Value |
(1,478.13) | (859.52) | (995.96) | (1,098.97) | (1,090.41) | (902.14) | (875.05) | (876.95) | (553.49) | (735.83) |
EV/EBIT |
36.20 | 25.61 | 18.73 | 16.51 | 14.94 | 17.27 | 18.76 | 13.47 | 20.63 | 17.56 |
Capex to Sales |
0.06 | 0.06 | 0.06 | 0.09 | 0.15 | 0.12 | 0.10 | 0.06 | 0.06 | 0.03 |
Price to Operating Income |
39.13 | 26.80 | 18.26 | 15.11 | 13.05 | 16.05 | 18.19 | 12.42 | 20.58 | 17.14 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.07 | 0.07 | 0.06 | 0.07 | 0.07 | 0.07 | 0.11 | 0.14 | 0.16 | 0.17 |
Cash ROIC |
7.87% | 11.51% | 9.56% | 2.23% | 4.01% | (3.61%) | 7.35% | 5.76% | 12.41% | 22.79% |
Accounts Receivable Turnover |
14.52 | 22.64 | 28.66 | 25.52 | 16.16 | 17.28 | 24.44 | 12.26 | 9.13 | 9.20 |
Accounts Payable Turnover |
16.47 | 14.39 | 14.78 | 10.61 | 8.41 | 8.72 | 9.54 | 12.45 | 12.33 | 12.48 |
Inventory Turnover |
56.79 | 64.73 | 0.00 | 86.20 | 101.54 | 96.76 | 82.49 | 103.67 | 140.23 | 121.20 |
Average Days of Payables |
20.92 | 28.17 | 24.65 | 27.60 | 44.03 | 43.47 | 45.77 | 32.32 | 28.61 | 33.59 |
Days of Inventory on Hand |
6.89 | 7.18 | 0.00 | 4.99 | 3.71 | 3.54 | 4.56 | 4.51 | 2.76 | 2.69 |
Average Receivables |
220.28 | 119.42 | 87.10 | 87.50 | 131.46 | 122.88 | 77.55 | 146.77 | 184.88 | 168.47 |
Average Payables |
149.68 | 142.36 | 126.88 | 158.48 | 187.12 | 177.54 | 142.71 | 104.09 | 96.70 | 87.06 |
Average Inventory |
43.41 | 31.64 | — | 19.50 | 15.50 | 16.00 | 16.50 | 12.50 | 8.50 | 8.96 |
Average Assets |
3,570.71 | 2,808.49 | 2,683.00 | 2,560.16 | 2,397.44 | 2,101.21 | 1,782.00 | 1,683.72 | 1,646.08 | 1,477.61 |
Average Common Equity |
1,156.71 | 1,006.85 | 840.83 | 692.80 | 627.50 | 510.94 | 319.91 | 260.73 | 218.08 | 215.02 |
Columns are period end dates