BWXT on NYSE

BWX Technologies

Logo: BWX Technologies, Public domain, via Wikimedia Commons5

American industrial company

BWX Technologies, Inc. is an American company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.3 From Wikipedia, CC BY-SA 4.0

$136.01 up 1.57 (1.17%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 16, 2026.

Overview

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  • TickerBWXT on NYSE1
  • IndustryEngines & Turbines1
  • HeadquartersLynchburg1
  • Websitewww.bwxt.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address1720 Mt. Athos Road, Lynchburg, Va 245046
  • Filer categoryLarge accelerated filer6

BWX Technologies, Inc. is an American company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

12.6%Operating margin8
10.3%Net margin8
18.3%Revenue growth, 20258
26.7%Return on equity8
1.64×Debt to equity8
$295.3MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Government Operations brought in 73% of the revenue BWX Technologies broke down this way in fiscal 2025.

  1. Government Operations$2.4B873%up 8% from 2024
  2. Commercial Operations$853.1M827%up 63% from 2024
Business segments by year
Business segments202320242025
Government Operations$2.0B$2.2B$2.4B
Commercial Operations$466.3M$524.0M$853.1M

Regions

United States brought in 76% of the revenue BWX Technologies broke down this way in fiscal 2025.

  1. United States$2.4B876%up 9% from 2024
  2. Canada$688.6M821%up 60% from 2024
  3. Other$83.2M83%up 83% from 2024
Regions by year
Regions202320242025
United States$2.1B$2.2B$2.4B
Canada$390.3M$431.3M$688.6M
Other$41.5M$45.5M$83.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue75¢$2.5B
  • Research and development0¢$13.9M
  • Selling, general and admin12¢$394.4M
  • Income tax2¢$68.3M
  • Profit10¢$328.9M

Out of $3.2B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending38¢$184.6M
  • Dividends paid19¢$92.5M
  • Share buybacks6¢$30.0M
  • Kept or used elsewhere36¢$172.8M

Out of $479.8M of cash from operations.8

Financial statements

Revenue91011128$3.2B in 2025+69% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $1.9B$1.9B20192020: $2.1B$2.1B2020+12%2021: $2.1B$2.1B2021+0%2022: $2.2B$2.2B2022+5%2023: $2.5B$2.5B2023+12%2024: $2.7B$2.7B2024+8%2025: $3.2B$3.2B2025+18%
Operating income91011128$404.5M in 2025+24% since 2019
0$200.0M$400.0M$600.0M2019: $325.5M$325.5M20192020: $358.6M$358.6M2020+10%2021: $345.8M$345.8M2021−4%2022: $348.6M$348.6M2022+1%2023: $383.1M$383.1M2023+10%2024: $380.6M$380.6M2024−1%2025: $404.5M$404.5M2025+6%
Net income91011128$328.9M in 2025+35% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $244.1M$244.1M20192020: $278.7M$278.7M2020+14%2021: $305.9M$305.9M2021+10%2022: $238.2M$238.2M2022−22%2023: $245.8M$245.8M2023+3%2024: $281.9M$281.9M2024+15%2025: $328.9M$328.9M2025+17%

Every line of the income statement in the latest annual report, as filed.8

Period ending2025-12-312024-12-312023-12-31
Revenues$3.2B$2.7B$2.5B
Cost of operations$2.5B$2.0B$1.9B
Research and development costs$13.9M$7.5M$7.6M
Losses (gains) on asset disposals and impairments, net-$5.0M$4.4M$1.0M
Selling, general and administrative expenses$394.4M$318.7M$279.7M
Total Costs and Expenses$2.9B$2.4B$2.2B
Equity in Income of Investees$74.9M$55.9M$50.8M
Operating Income$404.5M$380.6M$383.1M
Interest income$3.9M$2.6M$2.4M
Interest expense-$44.2M-$39.5M-$47.0M
Other Income (Expense)$34.0M$5.0M-$17.0M
Total Other Income (Expense)-$6.3M-$31.9M-$61.7M
Total before tax$398.1M$348.7M$321.4M
Provision for Income Taxes$68.3M$66.4M$75.1M
Net Income$329.9M$282.3M$246.3M
Net Income Attributable to Noncontrolling Interest-$916.0K-$357.0K-$472.0K
Net Income Attributable to BWX Technologies, Inc.$328.9M$281.9M$245.8M
Net Income Attributable to BWX Technologies, Inc. (USD per share)$3.59$3.08$2.68
Net Income Attributable to BWX Technologies, Inc. (USD per share)$3.58$3.07$2.68
Basic (in shares)91.6M shares91.6M shares91.6M shares
Diluted (in shares)91.9M shares91.9M shares91.9M shares

Compare BWX Technologies with another company

Products and brands

BWXT mPower, Inc.

BWXT announced in 2009 plans to design, develop, license and deploy a small modular nuclear reactor (SMR) called the BWXT mPower reactor. The passively safe reactor would have had an output of 180 megawatts (electric) and was one of several SMRs investigated by U.S. engineering firms. The mPower reactor featured a fully underground containment structure.

BWXT mPower, Inc. was formed in 2012 to design, develop, license, and deploy the B&W mPower reactor, a small modular nuclear reactor. The BWXT mPower reactor – no longer in development as of 2017 – was a scalable, modular reactor with the capacity to provide output in increments of 180 MWe for a four-year operating cycle without refueling. The business unit was headquartered in Charlotte, NC.

The reactor design was an integral Pressurized Water Reactor (iPWR) system in which the nuclear core and steam generators were contained within a single vessel.

B&W and engineering and construction firm Bechtel maintained an alliance called Generation mPower LLC to produce modular nuclear power plants using the BWXT mPower reactor until the project was terminated in 2017.

Read the full text

More than two dozen utilities belonged to the Generation mPower Industry Advisory Council and provided review, insights and feedback regarding licensing and design activities for the BWXT mPower reactor. In 2013 the Tennessee Valley Authority signed a letter of intent to potentially build plants utilizing BWXT mPower reactors.

BWXT Nuclear Energy, Inc.

BWXT Nuclear Energy, Inc. (BWXT NE) manufactures nuclear components and provides engineering, design, construction, inspection and repair services. It was formed in 2010, named Babcock & Wilcox Nuclear Energy, by the merger of two business units, Nuclear Power Generation Group and Modular Nuclear Energy. This company was later renamed BWXT NE following the July 2015 spin-off of Babcock & Wilcox. BWXT is the only North American company to continuously manufacture nuclear steam generators for the commercial nuclear power industry since the 1950s. BWXT NE's headquarters are located in Charlotte, NC.

BWXT Nuclear Operations Group, Inc.

BWXT Nuclear Operations Group, Inc. (BWXT NOG) specializes in the design and manufacture of components for the U.S. government.

BWXT NOG's headquarters are located in Lynchburg. BWXT NOG has four operating locations throughout the United States. BWXT NOG's Barberton, Ohio, and Mount Vernon, Indiana, locations specialize in the design and manufacture of large, heavy components. BWXT NOG facilities in Lynchburg, Virginia, and Euclid, Ohio, design and supply components for United States government programs.

Nuclear Fuel Services, Inc. (NFS) is a subsidiary of BWXT NOG, located in Erwin, Tennessee.

BWXT Technical Services Group, Inc.

BWXT Technical Services Group, Inc. (BWXT TSG) manages complex, high-consequence nuclear and national security operations, including nuclear production facilities. BWXT TSG manages the nation's Strategic Petroleum Reserve and provides a broad range of technical services to the U.S. Department of Energy and the National Nuclear Security Administration's operations.

Headquartered in Lynchburg, BWXT TSG operates three businesses: managing and operating large manufacturing or site closure contracts for the U.S. government, facilitating laboratory services and managing technical services. BWXT TSG is a member of the Los Alamos National Security, LLC and Lawrence Livermore National Security, LLC (LLNS), the latter of which was awarded the Management & Operation (M&O) contract to operate Lawrence Livermore National Laboratory, on May 8, 2007, to commence on October 1, 2007.

From Wikipedia’s article on BWX Technologies, shared under CC BY-SA 4.0.7

Former names

  • Babcock & Wilcox CoMar 12, 2010 to Jun 22, 20156

Recent filings

  1. Sep 8, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  2. Sep 8, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  3. Sep 8, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  4. Sep 8, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  5. Sep 8, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  6. Sep 8, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  7. Sep 8, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  8. Sep 8, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  9. Sep 3, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
  10. Sep 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  11. Sep 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  12. Aug 13, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  13. Aug 12, 2026144
  14. Aug 5, 202610-Q/A
  15. Aug 3, 20268-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2