BWXT financial statements

The full income statement, balance sheet, and cash-flow statement for BWX Technologies Inc. (BWXT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 91.4M2024-09 91.4M2024-12 91.5M2025-03 91.4M2025-06 91.4M2025-09 91.4M2025-12 91.4M2026-03 91.6M2026-06 91.6M+0.2% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	3.20B YoY+18.3%	2.70B YoY+8.3%	2.50B YoY+11.8%	2.23B YoY+5.1%	2.12B YoY+0.0%
Cost of revenue	2.47B YoY+20.4%	2.05B YoY+9.2%	1.88B YoY+11.6%	1.68B YoY+6.8%	1.57B YoY+1.7%
Research & development	13.9M YoY+85.4%	7.48M YoY-1.8%	7.61M YoY-20.2%	9.54M YoY-13.8%	11.1M YoY-22.1%
Selling, general & administrative	394M YoY+23.8%	319M YoY+13.9%	280M YoY+19.4%	234M YoY+1.7%	230M YoY-0.3%
Amortization of intangibles	20.6M YoY+81.1%	11.4M YoY-0.3%	11.4M YoY+4.5%	10.9M YoY+16.9%	9.33M YoY+5.7%
Operating income	404M YoY+6.3%	381M YoY-0.6%	383M YoY+9.9%	349M YoY+0.8%	346M YoY-3.5%
Interest expense	44.2M YoY+12.0%	39.5M YoY-16.1%	47.0M YoY+29.2%	36.4M YoY+1.8%	35.8M YoY+15.3%
Interest & investment income	3.89M YoY+52.4%	2.55M YoY+8.3%	2.36M YoY+211.2%	758K YoY+82.2%	416K YoY-19.7%
Other non-operating income	34.0M YoY+574.9%	5.03M YoY+129.6%	-17.0M YoY+50.3%	-34.2M YoY-168.6%	49.9M YoY+1277.5%
Equity-method income	74.9M YoY+33.9%	55.9M YoY+10.1%	50.8M YoY+10.5%	46.0M YoY+37.2%	33.5M YoY+23.4%
Pre-tax income	398M YoY+14.2%	349M YoY+8.5%	321M YoY+2.2%	314M YoY-20.6%	396M YoY+9.3%
Income tax	68.3M YoY+2.8%	66.4M YoY-11.5%	75.1M YoY-0.9%	75.8M YoY-15.3%	89.4M YoY+7.8%
	329M YoY+16.7%	282M YoY+14.7%	246M YoY+3.2%	238M YoY-22.1%	306M YoY+9.8%
Net income to non-controlling interest	916K YoY+156.6%	357K YoY-24.4%	472K YoY+10.0%	429K YoY+2.9%	417K YoY-20.7%
	$3.58 YoY+16.6%	$3.07 YoY+14.6%	$2.68 YoY+3.1%	$2.60 YoY-19.8%	$3.24 YoY+11.3%
EPS (basic)	$3.59 YoY+16.6%	$3.08 YoY+14.9%	$2.68 YoY+3.1%	$2.60 YoY-19.8%	$3.24 YoY+11.0%
	91.6M YoY-0.0%	91.6M YoY-0.1%	91.6M YoY+0.2%	91.4M YoY-3.0%	94.3M YoY-1.2%
	91.9M YoY-0.0%	91.9M YoY-0.0%	91.9M YoY+0.2%	91.7M YoY-3.0%	94.5M YoY-1.3%
Dividends per share	$0.96 YoY+0.0%	$0.96 YoY+4.3%	$0.92 YoY+4.5%	$0.88 YoY+4.8%	$0.84 YoY+10.5%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.56B YoY+67.8%	930M YoY+13.7%	818M YoY+6.0%	772M YoY-0.3%	774M YoY+0.0%
Cash & equivalents	500M YoY+574.4%	74.1M YoY-2.2%	75.8M YoY+115.0%	35.2M YoY+4.0%	33.9M YoY-20.5%
Short-term investments	—	—	0.00 YoY-100.0%	3.80M YoY-0.2%	3.81M YoY+2.8%
Accounts receivable	220M YoY+122.4%	99.1M YoY+41.2%	70.2M YoY+15.5%	60.8M YoY-14.0%	70.7M YoY-53.9%
Inventory	46.5M YoY+15.5%	40.3M YoY+47.0%	27.4M YoY+19.7%	22.9M YoY+40.5%	16.3M YoY+8.7%
Other current assets	66.1M YoY+34.6%	49.1M YoY-23.7%	64.3M YoY+16.9%	55.0M YoY+15.3%	47.7M YoY+7.8%
	4.27B YoY+48.8%	2.87B YoY+4.5%	2.75B YoY+4.9%	2.62B YoY+4.7%	2.50B YoY+9.1%
Property, plant & equipment	1.59B YoY+24.0%	1.28B YoY+4.0%	1.23B YoY+8.2%	1.13B YoY+8.5%	1.05B YoY+28.1%
Operating lease right-of-use	65.8M YoY+51.3%	43.5M YoY-6.5%	46.5M YoY-6.3%	49.6M YoY+6.9%	46.4M YoY+12.3%
Goodwill	501M YoY+74.3%	287M YoY-3.3%	297M YoY+1.3%	293M YoY+2.7%	286M YoY+0.6%
Intangible assets	330M YoY+99.5%	165M YoY-10.9%	186M YoY-4.2%	194M YoY+4.3%	186M YoY-3.7%
Deferred tax assets	12.3M YoY+86.9%	6.57M YoY-59.8%	16.3M YoY-20.7%	20.6M YoY-3.8%	21.4M YoY-56.7%
Other non-current assets	125M YoY+34.7%	92.5M YoY-10.9%	104M YoY+7.2%	96.8M YoY+2.2%	94.7M YoY-1.7%
	672M YoY+41.7%	474M YoY+26.4%	375M YoY+2.0%	368M YoY-20.0%	460M YoY-13.2%
Accounts payable	141M YoY-10.6%	158M YoY+24.8%	127M YoY-0.4%	127M YoY-33.0%	190M YoY+3.0%
Deferred revenue	305M YoY+89.3%	161M YoY+50.2%	107M YoY+21.0%	88.7M YoY-20.5%	112M YoY+33.5%
Short-term & current debt	0.00 YoY-100.0%	12.5M YoY+100.0%	6.25M YoY+0.0%	6.25M	0.00
Current lease liability	8.80M YoY+131.6%	3.80M YoY-5.0%	4.00M YoY-9.1%	4.40M YoY+12.8%	3.90M YoY+18.2%
	3.04B YoY+69.8%	1.79B	—	—	—
Long-term debt	2.02B YoY+93.3%	1.04B YoY-13.3%	1.20B YoY-6.2%	1.28B YoY+7.8%	1.19B YoY+37.9%
Operating lease liability (total)	44.2M YoY+109.7%	21.1M YoY+4.2%	20.2M YoY-9.7%	22.4M YoY+48.1%	15.1M YoY+72.6%
Other non-current liabilities	93.6M YoY+18.4%	79.0M YoY+81.8%	43.5M YoY-18.2%	53.1M YoY+36.7%	38.9M YoY+36.0%
	1.23B YoY+14.0%	1.08B YoY+15.8%	933M YoY+24.7%	748M YoY+17.4%	637M YoY+3.1%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	1.29M YoY+0.4%	1.28M YoY+0.2%	1.28M YoY+0.3%	1.28M YoY+0.3%	1.27M YoY+0.2%
Additional paid-in capital	160M YoY-30.1%	229M YoY+10.9%	206M YoY+9.1%	189M YoY+8.6%	174M YoY+13.3%
Retained earnings	2.52B YoY+10.3%	2.29B YoY+9.2%	2.09B YoY+8.3%	1.93B YoY+8.9%	1.78B YoY+14.6%
Treasury stock	1.43B YoY+3.2%	1.39B YoY+2.0%	1.36B YoY+0.6%	1.35B YoY+2.0%	1.33B YoY+21.1%
Accumulated other comprehensive income	-19.4M YoY+59.8%	-48.2M YoY-546.0%	-7.46M YoY+66.0%	-21.9M YoY-280.6%	12.1M YoY+48.1%
Non-controlling interest	525K YoY+290.2%	-276K YoY-452.0%	-50.0K YoY-211.1%	45.0K YoY-25.0%	60.0K YoY+2900.0%
Total equity incl. non-controlling	1.23B YoY+14.1%	1.08B YoY+15.8%	933M YoY+24.7%	748M YoY+17.4%	637M YoY+3.2%
Total liabilities & equity	4.27B YoY+48.8%	2.87B YoY+4.5%	2.75B YoY+4.9%	2.62B YoY+4.7%	2.50B YoY+9.1%
	129M YoY+0.3%	128M YoY+0.2%	128M YoY+0.3%	128M YoY+0.3%	127M YoY+0.2%
	91.4M YoY-0.0%	91.5M YoY+0.2%	91.3M YoY+0.0%	91.3M YoY-0.1%	91.4M YoY-3.8%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	480M YoY+17.5%	408M YoY+12.3%	364M YoY+48.6%	245M YoY-36.6%	386M YoY+96.5%
Depreciation & amortization	109M YoY+27.2%	85.9M YoY+9.3%	78.6M YoY+6.4%	73.8M YoY+6.9%	69.1M YoY+13.9%
Intangible amortization	20.6M YoY+81.1%	11.4M YoY-0.3%	11.4M YoY+4.5%	10.9M YoY+16.9%	9.33M YoY+5.7%
Share-based compensation	26.1M YoY+20.3%	21.7M YoY+36.4%	15.9M YoY+12.5%	14.1M YoY-24.1%	18.6M YoY+10.5%
Deferred income taxes	15.1M YoY-23.7%	19.8M YoY+487.0%	-5.13M YoY-193.0%	5.51M YoY-86.2%	40.1M YoY+408.1%
Change in payables	-23.6M YoY-168.2%	34.5M YoY+482.6%	-9.03M YoY+77.7%	-40.5M YoY-240.6%	28.8M YoY+2420.3%
Other operating activities	-13.4M YoY-16072.3%	-83.0K YoY+94.6%	-1.53M	—	—
	-742M YoY-380.1%	-155M YoY+0.7%	-156M YoY+39.3%	-256M YoY+15.9%	-305M YoY-14.8%
Capital expenditure	185M YoY+20.1%	154M YoY+1.6%	151M YoY-23.7%	198M YoY-36.2%	311M YoY+22.0%
Free cash flow	295M YoY+15.9%	255M YoY+19.9%	212M YoY+357.9%	46.4M YoY-38.1%	75.0M YoY+228.0%
Acquisitions	535M	0.00	0.00 YoY-100.0%	47.3M	0.00 YoY-100.0%
Purchases of investments	0.00	0.00 YoY-100.0%	2.34M YoY-38.4%	3.80M YoY-19.8%	4.74M YoY+12.0%
Sales/maturities of investments	3.40M	0.00 YoY-100.0%	6.00M	—	—
Other investing activities	-3.87M YoY-640.3%	717K YoY-91.0%	8.01M YoY+1048.9%	-844K YoY+84.9%	-5.58M YoY-64.4%
	694M YoY+374.4%	-253M YoY-49.2%	-169M YoY-1314.0%	14.0M YoY+115.5%	-90.1M YoY-459.9%
Long-term debt issued	0.00 YoY-100.0%	456M YoY+29.1%	353M YoY-63.9%	978M YoY-26.1%	1.32B YoY+56.8%
Long-term debt repaid	1.28B YoY+109.1%	612M YoY+41.0%	434M YoY-50.5%	878M YoY-12.1%	999M
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	30.0M YoY+50.0%	20.0M	0.00 YoY-100.0%	20.0M YoY-91.1%	226M YoY+928.2%
Dividends paid	92.5M YoY+4.7%	88.3M YoY+4.0%	85.0M YoY+4.8%	81.1M YoY+1.8%	79.7M YoY+9.2%
Other financing activities	1.33M YoY+744.0%	-207K YoY-127.4%	756K YoY+12500.0%	6.00K YoY-99.6%	1.67M YoY-26.6%
FX effect on cash	-4.75M YoY-123.2%	-2.13M YoY-209.8%	1.94M YoY+260.7%	-1.21M YoY-602.1%	240K YoY+188.6%
Net change in cash	427M YoY+40965.2%	-1.04M YoY-102.6%	40.6M YoY+3243.6%	1.22M YoY+114.3%	-8.52M YoY+80.7%
Interest paid	65.2M YoY-10.0%	72.4M YoY+14.6%	63.2M YoY+23.1%	51.3M YoY+1.0%	50.8M YoY+32.9%
Income taxes paid	47.9M YoY+5.2%	45.5M YoY-46.1%	84.5M YoY+17.7%	71.8M YoY+59.6%	44.9M YoY-38.9%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	15.8B YoY+55.1%	10.2B YoY+45.1%	7.02B YoY+32.5%	5.30B YoY+21.1%	4.38B YoY-23.6%
P/E	48.0× YoY+32.9%	36.1× YoY+14.7%	31.5× YoY+85.5%	17.0× YoY+18.7%	14.3× YoY-30.4%
P/S	4.9× YoY+31.1%	3.8× YoY+28.6%	2.9× YoY+21.8%	2.4× YoY+16.9%	2.1× YoY-23.6%
P/B	12.8× YoY+36.0%	9.4× YoY+17.1%	8.1× YoY+8.3%	7.4× YoY+8.2%	6.9× YoY-25.9%
P/FCF	53.5× YoY+33.8%	40.0× YoY-51.4%	82.2× YoY+37.4%	59.9× YoY+2.6%	58.4×
	2.1% YoY-24.8%	2.8% YoY-12.9%	3.2% YoY-46.1%	5.9% YoY-15.7%	7.0% YoY+43.6%
	1.9% YoY-25.3%	2.5% YoY+105.6%	1.2% YoY-27.2%	1.7% YoY-2.5%	1.7%
	0.56% YoY-35.6%	0.86% YoY-28.1%	1.2% YoY-20.9%	1.5% YoY-13.6%	1.8% YoY+39.2%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: BWXT's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BWXT filings on SEC EDGAR → Not investment advice.