BWX Technologies Inc. (BWXT) financial statements: income statement, balance sheet and cash flow
BWX Technologies Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), BWX Technologies Inc. reported revenue of $3.2B (+18.3% year on year) and net income of $329.9M (+16.8% year on year).
Income statement
BWX Technologies Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$3.2B
$2.7B
$2.5B
$2.2B
Cost of operations
$2.5B
$2.0B
$1.9B
$1.7B
Research and development costs
$13.9M
$7.5M
$7.6M
$9.5M
Losses (gains) on asset disposals and impairments, net
($5.0M)
—
$1.0M
$5.5M
Selling, general and administrative expenses
$394.4M
$318.7M
$279.7M
$234.3M
Total Costs and Expenses
$2.9B
$2.4B
$2.2B
$1.9B
Equity in Income of Investees
$74.9M
$55.9M
$50.8M
$46.0M
Operating Income
$404.5M
$380.6M
$383.1M
$348.6M
Interest income
$3.9M
$2.6M
$2.4M
$758.0K
Interest expense
($44.2M)
($39.5M)
($47.0M)
($36.4M)
Other Income (Expense)
$34.0M
($31.9M)
($61.7M)
($34.2M)
Total Other Income (Expense)
($6.3M)
—
—
—
Total before tax
$398.1M
$348.7M
$321.4M
$314.4M
Provision for Income Taxes
$68.3M
$66.4M
$75.1M
$75.8M
Net Income
$329.9M
$282.3M
$246.3M
$238.6M
Net Income Attributable to Noncontrolling Interest
($916.0K)
($357.0K)
($472.0K)
($429.0K)
Net Income Attributable to BWX Technologies, Inc.
$328.9M
$281.9M
$245.8M
$238.2M
Net Income Attributable to BWX Technologies, Inc. (USD per share)
$3.59
$3.08
$2.68
$2.60
Net Income Attributable to BWX Technologies, Inc. (USD per share)
$3.58
$3.07
$2.68
$2.60
Basic (in shares)
91.6M
91.6M
91.6M
91.4M
Diluted (in shares)
91.9M
91.9M
91.9M
91.7M
BWX Technologies Inc. income statement, quarters
Line item
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Mar 31, 2025 · Q1
Revenues
$860.2M
$866.3M
$764.0M
$682.3M
Cost of operations
$662.8M
$677.3M
$572.6M
$517.1M
Research and development costs
$4.1M
$3.5M
$4.6M
$2.0M
Gain (loss) on asset disposals and impairments, net
$125.0K
$1.0K
$13.0K
($4.4M)
Selling, general and administrative expenses
$108.0M
$93.4M
$102.9M
$87.6M
Total Costs and Expenses
$775.1M
$774.2M
$680.2M
$602.2M
Equity in Income of Investees
$21.6M
$21.2M
$18.5M
$16.6M
Operating Income
$106.7M
$113.3M
$102.4M
$96.6M
Interest income
$4.9M
$1.0M
$551.0K
$722.0K
Interest expense
($4.7M)
($14.0M)
($11.7M)
($8.0M)
Other – net
$444.0K
$7.2M
$6.5M
$2.5M
Total Other Income (Expense)
$625.0K
($5.8M)
($4.7M)
($4.8M)
Income before Provision for Income Taxes
$107.3M
$107.6M
$97.8M
$91.8M
Provision for Income Taxes
$16.1M
$25.4M
$19.3M
$16.3M
Net Income
$91.2M
$82.2M
$78.5M
$75.5M
Net Income Attributable to Noncontrolling Interest
($121.0K)
($85.0K)
($74.0K)
($64.0K)
Net Income Attributable to BWX Technologies, Inc.
$91.1M
$82.1M
$78.4M
$75.5M
Net Income Attributable to BWX Technologies, Inc. (in usd per share)
$0.99
$0.90
$0.86
$0.82
Basic (in shares)
91.7M
91.6M
91.5M
91.6M
Diluted (in shares)
91.9M
91.8M
91.7M
91.9M
Balance sheet
BWX Technologies Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$499.8M
$74.1M
$75.8M
$35.2M
Restricted cash and cash equivalents
$3.1M
$2.8M
$2.9M
$2.9M
Accounts receivable – trade, net
$220.4M
$99.1M
$70.2M
$60.8M
Accounts receivable – other
$67.9M
$53.2M
$16.3M
$26.9M
Retainages
$46.3M
$33.7M
$55.2M
$48.6M
Contracts in progress
$610.3M
$577.7M
$533.2M
$538.4M
Inventories
$46.5M
—
—
—
Other current assets
$66.1M
$89.4M
$64.3M
$55.0M
Total Current Assets
$1.6B
$930.0M
$817.8M
$771.6M
Property, Plant and Equipment, Net
$1.6B
$1.3B
$1.2B
$1.1B
Investments
$8.2M
$10.6M
$0
$3.8M
Goodwill
$500.9M
$287.4M
$297.0M
$293.2M
Deferred Income Taxes
$12.3M
$6.6M
$16.3M
$20.6M
Investments in Unconsolidated Affiliates
$150.1M
$99.4M
$88.6M
$100.2M
Intangible Assets
$329.9M
$165.3M
$185.5M
$193.6M
Other Assets
$124.6M
$92.5M
$103.8M
$96.8M
TOTAL ASSETS
$4.3B
$2.9B
$2.7B
$2.6B
Current maturities of long-term debt
$0
$12.5M
$6.3M
$6.3M
Accounts payable
$141.3M
$158.1M
$126.7M
$127.1M
Accrued employee benefits
$117.6M
$77.2M
$64.5M
$61.1M
Accrued liabilities – other
$107.8M
$65.1M
$70.2M
$84.7M
Advance billings on contracts
$305.3M
$161.3M
$107.4M
$88.7M
Total Current Liabilities
$672.0M
$474.2M
$375.0M
$367.9M
Long-Term Debt
$2.0B
$1.0B
$1.2B
$1.3B
Accumulated Postretirement Benefit Obligation
$78.5M
$16.5M
$18.5M
$18.2M
Environmental Liabilities
$100.3M
$94.2M
$90.6M
$91.0M
Pension Liability
$78.2M
$82.6M
$82.8M
$57.8M
Other Liabilities
$93.6M
$79.0M
$43.5M
$53.1M
Total Liabilities
$3.0B
—
—
—
Common stock, par value $0.01 per share, authorized 325,000,000 shares; issued 128,720,819 and 128,320,295 shares at December 31, 2025 and 2024, respectively
$1288000.00
$1283000.00
$1281000.00
$1277000.00
Preferred stock, par value $0.01 per share, authorized 75,000,000 shares; no shares issued
$0.00
$0.00
$0.00
$0.00
Capital in excess of par value
$159.9M
$228.9M
$206.5M
$189.3M
Retained earnings
$2.5B
$2.3B
$2.1B
$1.9B
Treasury stock at cost, 37,289,582 and 36,869,498 shares at December 31, 2025 and 2024, respectively
-1.4B
-1.4B
-1.4B
-1.4B
Accumulated other comprehensive income (loss)
($19.4M)
($48.2M)
($7.5M)
($21.9M)
Stockholders' Equity – BWX Technologies, Inc.
$1.2B
$1.1B
$933.4M
$748.3M
Noncontrolling interest
$525.0K
($276.0K)
($50.0K)
$45.0K
Total Stockholders' Equity
$1.2B
$1.1B
$933.3M
$748.4M
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$4.3B
$2.9B
$2.7B
$2.6B
BWX Technologies Inc. balance sheet, quarters
Line item
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Mar 31, 2025
Cash and cash equivalents
$512.4M
$79.6M
$37.0M
$55.4M
Restricted cash and cash equivalents
$3.2M
$3.1M
$3.0M
$2.8M
Accounts receivable – trade, net
$185.2M
$181.2M
$148.8M
$89.1M
Accounts receivable – other
$67.2M
$29.7M
$24.5M
$43.3M
Retainages
$77.5M
$68.0M
$40.7M
$45.4M
Contracts in progress
$668.6M
$636.7M
$639.6M
$639.7M
Inventories
$45.6M
$57.8M
$51.6M
$49.6M
Other current assets
$56.6M
$48.0M
$51.7M
$50.4M
Total Current Assets
$1.6B
$1.1B
$996.9M
$975.8M
Property, Plant and Equipment, Net
$1.6B
$1.5B
$1.5B
$1.3B
Investments
$7.9M
$8.0M
$7.6M
$8.5M
Goodwill
$496.3M
$501.6M
$512.6M
$349.3M
Deferred Income Taxes
$3.4M
$3.4M
$4.7M
$4.7M
Investments in Unconsolidated Affiliates
$157.6M
$175.7M
$175.6M
$124.0M
Intangible Assets
$321.4M
$330.3M
$324.5M
$187.5M
Other Assets
$125.8M
$122.2M
$139.3M
$106.1M
TOTAL ASSETS
$4.3B
$3.8B
$3.7B
$3.1B
Accounts payable
$216.2M
$211.7M
$191.5M
$161.6M
Accrued employee benefits
$72.5M
$90.6M
$83.3M
$43.5M
Accrued liabilities – other
$113.9M
$120.4M
$104.6M
$72.3M
Advance billings on contracts
$271.6M
$211.4M
$198.3M
$194.1M
Total Current Liabilities
$674.2M
$646.6M
$590.2M
$483.9M
Long-Term Debt
$2.0B
$1.5B
$1.5B
$1.2B
Accumulated Postretirement Benefit Obligation
$78.4M
$85.9M
$77.5M
$16.4M
Environmental Liabilities
$102.1M
$98.3M
$96.6M
$96.1M
Pension Liability
$74.4M
$91.1M
$108.2M
$78.7M
Other Liabilities
$97.6M
$121.2M
$122.9M
$93.5M
Total Liabilities
$3.0B
—
—
—
Common stock, par value $0.01 per share, authorized 325,000,000 shares; issued 128,997,724 and 128,720,819 shares at March 31, 2026 and December 31, 2025, respectively
$1289000.00
$1287000.00
$1286000.00
$1286000.00
Preferred stock, par value $0.01 per share, authorized 75,000,000 shares; No shares issued
$0.00
$0.00
$0.00
$0.00
Capital in excess of par value
$173.1M
$251.9M
$243.1M
$234.3M
Retained earnings
$2.6B
$2.5B
$2.4B
$2.3B
Treasury stock at cost, 37,383,169 and 37,289,582 shares at March 31, 2026 and December 31, 2025, respectively
-1.5B
-1.4B
-1.4B
-1.4B
Accumulated other comprehensive loss
($31.4M)
($32.5M)
($23.4M)
($43.3M)
Stockholders' Equity – BWX Technologies, Inc.
$1.3B
$1.2B
$1.2B
$1.1B
Noncontrolling interest
($191.0K)
($259.0K)
($258.0K)
($257.0K)
Total Stockholders' Equity
$1.3B
$1.2B
$1.2B
$1.1B
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$4.3B
$3.8B
$3.7B
$3.1B
Cash flow statement
BWX Technologies Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$329.9M
$282.3M
$246.3M
$238.6M
Depreciation and amortization
$109.2M
$85.9M
$78.6M
$73.8M
Income of investees, net of dividends
$19.1M
($10.6M)
$11.1M
($3.5M)
Losses (gains) on asset disposals and impairments - net
($5.0M)
—
—
—
Provision for deferred taxes
$49.4M
$19.8M
($5.1M)
$5.5M
Recognition of (gains) losses for pension and postretirement plans
($5.9M)
$14.1M
$34.1M
$49.9M
Stock-based compensation expense
$26.1M
$21.7M
$15.9M
$14.1M
Other, net
($13.4M)
($83.0K)
($496.0K)
$7.6M
Accounts receivable
($80.6M)
($47.6M)
$462.0K
$15.2M
Accounts payable
($23.6M)
$34.5M
($9.0M)
($40.5M)
Retainages
($12.6M)
$21.5M
($6.6M)
$4.2M
Contracts in progress and advance billings on contracts
$133.6M
($7.2M)
$28.9M
($38.6M)
Income taxes
($29.6M)
$1.6M
($4.8M)
($764.0K)
Accrued and other current liabilities
$7.0M
$865.0K
($9.8M)
($18.9M)
Pension liabilities, accrued postretirement benefit obligations and employee benefits
($23.5M)
$881.0K
($7.0M)
($68.5M)
Other, net
($174.0K)
($13.8M)
($8.9M)
$6.5M
NET CASH PROVIDED BY OPERATING ACTIVITIES
$479.8M
$408.4M
$363.7M
$244.7M
Purchases of property, plant and equipment
($184.6M)
($153.6M)
($151.3M)
($198.3M)
Acquisition of businesses
($535.1M)
$0
$0
($47.3M)
Purchases of securities
$0
$0
($2.3M)
($3.8M)
Sales and maturities of securities
$3.4M
$0
$6.0M
$3.8M
Investments, net of return of capital, in equity method investees
($29.7M)
($197.0K)
$0
($11.4M)
Other, net
$3.9M
($717.0K)
($8.0M)
$844.0K
NET CASH USED IN INVESTING ACTIVITIES
($742.1M)
($154.6M)
($155.6M)
($256.2M)
Payments of short-term borrowing and long-term debt
($12.5M)
—
—
—
Proceeds from issuance of convertible senior notes
$1.3B
—
—
—
Borrowings of long-term debt
$1.0B
$456.0M
$353.1M
$978.2M
Repayments of long-term debt
($1.3B)
($612.3M)
($434.4M)
($878.2M)
Payment of debt issuance costs
($33.5M)
$0
$0
($2.4M)
Purchase of capped calls related to convertible senior notes
($131.9M)
—
—
—
Repurchases of common stock
($30.0M)
($20.0M)
$0
($20.0M)
Dividends paid to common shareholders
($92.5M)
($88.3M)
($85.0M)
($81.1M)
Cash paid for shares withheld to satisfy employee taxes
-13.6M
-7.6M
-7.6M
-6.6M
Settlements of forward contracts, net
$6.3M
$19.6M
$3.7M
$24.0M
Other, net
$1.3M
($207.0K)
$756.0K
$6.0K
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
$693.6M
($252.8M)
($169.4M)
$14.0M
EFFECTS OF EXCHANGE RATE CHANGES ON CASH
($4.7M)
($2.1M)
$1.9M
($1.2M)
TOTAL INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS
$426.6M
($1.0M)
$40.6M
$1.2M
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
$80.6M
$81.6M
$41.0M
$39.8M
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT END OF PERIOD
$507.2M
$80.6M
$81.6M
$41.0M
Interest
$65.2M
$72.4M
$63.2M
$51.3M
Income taxes (net of refunds)
$47.9M
$45.5M
$84.5M
$71.8M
Accrued capital expenditures included in accounts payable
$12.3M
$17.5M
$7.1M
$9.6M
BWX Technologies Inc. cash flow statement, quarters
Line item
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Mar 31, 2025 · Q1
Net Income
$91.2M
$236.2M
$154.0M
$75.5M
Depreciation and amortization
$29.0M
$79.6M
$51.2M
$23.9M
Income of investees, net of dividends
($3.3M)
($5.7M)
($2.7M)
$1.8M
Gain (loss) on asset disposals and impairments, net
$125.0K
($4.4M)
($4.4M)
($4.4M)
Recognition of losses for pension and postretirement plans
$979.0K
$2.4M
$1.6M
$797.0K
Stock-based compensation expense
$10.2M
$20.7M
$13.7M
$5.0M
Other, net
$1.3M
$2.9M
($9.4M)
($1.1M)
Accounts receivable
$27.3M
($30.1M)
($465.0K)
$19.4M
Accounts payable
$79.5M
$32.0M
$6.9M
$5.3M
Retainages
($31.2M)
($34.3M)
($7.0M)
($11.7M)
Contracts in progress and advance billings on contracts
($93.0M)
$21.3M
$7.8M
($26.2M)
Income taxes
$13.3M
$43.9M
$22.6M
$6.4M
Accrued and other current liabilities
$8.4M
$28.0M
$19.4M
$9.4M
Pension liabilities, accrued postretirement benefit obligations and employee benefits
($47.2M)
($31.0M)
($33.7M)
($38.8M)
Other, net
$6.2M
($8.8M)
($9.7M)
($14.7M)
NET CASH PROVIDED BY OPERATING ACTIVITIES
$92.6M
$352.9M
$209.7M
$50.6M
Purchases of property, plant and equipment
($42.5M)
($114.4M)
($66.1M)
($33.4M)
Acquisition of businesses, net of cash acquired
$0
($536.0M)
($538.2M)
—
Sales and maturities of securities
$0
$3.4M
$3.4M
$1.9M
Investments, net of return of capital, in equity method investees
($4.8M)
($31.0M)
($33.0M)
($26.4M)
Other, net
$406.0K
$4.1M
$4.4M
$4.9M
NET CASH USED IN INVESTING ACTIVITIES
($46.9M)
($673.9M)
($629.5M)
($156.3M)
Borrowings of long-term debt
$0
$871.6M
$758.4M
$204.5M
Repayments of long-term debt
$0
($421.0M)
($284.6M)
($62.6M)
Repurchases of common stock
$0
($30.0M)
($30.0M)
($30.0M)
Dividends paid to common shareholders
($25.8M)
($69.7M)
($46.8M)
($23.7M)
Cash paid for shares withheld to satisfy employee taxes
-19.3M
-13.4M
-12.9M
-12.9M
Settlements of forward contracts, net
$8.3M
$782.0K
$1.7M
$8.4M
Other, net
$2.6M
$1.3M
$100.0K
$1.0M
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES
($34.2M)
$339.6M
$385.8M
$84.8M
EFFECTS OF EXCHANGE RATE CHANGES ON CASH
$1.7M
($12.2M)
($2.5M)
$2.3M
TOTAL INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS
$13.1M
$6.4M
($36.4M)
($18.6M)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
$507.2M
$80.6M
$80.6M
$80.6M
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT END OF PERIOD
$520.3M
$87.0M
$44.1M
$62.0M
Interest
$381.0K
$42.2M
$30.0M
$5.3M
Income taxes (net of refunds)
$1.9M
$28.2M
$11.9M
$10.0M
Accrued capital expenditures included in accounts payable