BWXT
BWX Technologies, Inc.
BWXT's fundamentals are strong: revenue grew 18% and earnings per share grew 23%, though free cash flow fell 20%. At 30x earnings, it's trading in line with its usual 29x. Analysts expect that strong growth to continue.
BWXT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Stable |
BWXT's revenue and profitability are currently healthy, and its cash flow and balance sheet are stable.
BWXT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $73.64 | -41% |
| Forward | 25x | $124 | — |
| Fair | 28x | $115 | -7.4% |
| Current | 30x | $124 | — |
| Expensive | 44x | $178 | +44% |
Historical ranges are pointers, not guarantees.
BWXT's PE is in its fair range at 30x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
BWXT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BWXT, with profitability improving.
BWXT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.01 | +23% |
| Q3 2026 | $4.08 | +23% |
| Q2 2026 | $3.86 | +21% |
| Q1 2026 | $3.74 | +19% |
| Q4 2025 | $3.57 | +16% |
| Q3 2025 | $3.33 | +10% |
| Q2 2025 | $3.20 | +9.6% |
| Q1 2025 | $3.14 | +13% |
| Q4 2024 | $3.07 | +14% |
BWXT's earnings per share have climbed steadily: $4.08 over the past year, up 23% from the year before, and higher year over year for 12 quarters in a row.
BWXT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $953M | +10% |
| Q2 2026 | $901.6M | +18% |
| Q1 2026 | $860.2M | +26% |
| Q4 2025 | $885.8M | +19% |
| Q3 2025 | $866.3M | +29% |
| Q2 2025 | $764M | +12% |
| Q1 2025 | $682.3M | +13% |
| Q4 2024 | $746.3M | +2.9% |
BWXT's revenue has grown year over year for 20 quarters in a row: $953M last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +0.8 points |
| Q2 2026 | 13% | -0.8 points |
| Q1 2026 | 12% | -1.8 points |
| Q4 2025 | 10% | -2 points |
| Q3 2025 | 13% | -1.3 points |
| Q2 2025 | 13% | -1.1 points |
| Q1 2025 | 14% | -1.2 points |
| Q4 2024 | 12% | -4.6 points |
BWXT's operating margin was 14% last quarter, up 0.8 points from the same quarter a year ago.
BWXT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $150.5M | +59% |
| Q2 2026 | $115M | -9% |
| Q1 2026 | $50.1M | +190% |
| Q4 2025 | $56.8M | -75% |
| Q3 2025 | $94.9M | +$102.6M |
| Q2 2025 | $126.3M | +256% |
| Q1 2025 | $17.3M | +564% |
| Q4 2024 | $224.4M | +31% |
BWXT generated $372M in free cash flow over the past year, down 20% from the year before.
BWXT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -15.5K shares |
| 1 year | +0.2% | +204K shares |
| 3 years | +0.1% | +96.3K shares |
| 5 years | -2.6% | -2.5M shares |
| Available history | -4% | -3.8M shares |
BWXT has 92M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $30M |
| Q4 2024 | — |
BWXT hasn't bought back shares in the past year.
BWXT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.6x | Moderate |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 2.9x | Moderate |
| Q4 2025 | 3.0x | Moderate |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 3.1x | Elevated |
| Q1 2025 | 2.4x | Moderate |
| Q4 2024 | 2.1x | Moderate |
BWXT's net debt is about 2.6 years of its operating earnings (EBITDA), down from 2.8 years a year ago.
BWXT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.5 | Neutral |
| Stochastic | 14.0 | Oversold |
BWXT's weekly RSI is 32 (neutral) and its Stochastic is 14 (oversold).
BWXT PE vs Industrials Sector
| Metric | BWXT | Sector median | Relative |
|---|---|---|---|
| PE | 30x | 24x | 26% above |
| PE % | 54 | 58 | 4 pts below |
BWXT is trading at 30x earnings, a 26% premium to the Industrials sector's median of 24x.
BWXT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $132.0 | 6% below |
| 20 week MA | $152.8 | 19% below |
| 50 week MA | $181.8 | 32% below |
| 100 week MA | $160.6 | 23% below |
| 200 week MA | $122.8 | 0.9% above |
BWXT has fallen below most of its moving averages, though it's still 0.9% above its 200-week average.
BWXT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $62.8 | $60.1 | -4.2% |
| 2021 | $60.1 | $47.9 | -20% |
| 2022 | $47.9 | $58.2 | +22% |
| 2023 | $58.2 | $76.7 | +32% |
| 2024 | $76.7 | $112.5 | +47% |
| 2025 | $112.5 | $175.9 | +56% |
| 2026 YTD | $175.9 | $124.0 | -30% |
BWXT has finished higher in four of the last six years. It's down 30% so far in 2026.