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BWXT · NYSE

BWX Technologies

Aerospace & Defense · United States

USD 125.68-0.8% daily changeQuote 2026-11-11 · USD
Market cap (USD)
US$11.52B
Trailing P/E
30.88x
Forward P/E
24.08x
Quarterly revenue growth
10.0%
Trailing net margin
10.4%
Indicated dividend yield
0.9%

Snapshot 2026-11-11 · Latest financial period 2026-09-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Company background

BWX Technologies, Inc. manufactures and sells nuclear components in the United States, Canada, and internationally. The company operates through two segments, Government Operations and Commercial Operations. It manufactures precision naval nuclear components, reactors, and nuclear fuel; close-tolerance and high-quality equipment for nuclear applications; critical nuclear components, fuels and assemblies for government and limited other uses; down blend government stockpiles of uranium; and fabricate fuel-bearing precision components. The company also supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers; research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications. In addition, it manufactures commercial nuclear steam generators, nuclear fuel, fuel handling systems, pressure vessels, reactor components, heat exchangers, tooling delivery systems; and containers for the storage of nuclear fuel and other high-level nuclear waste. Further, the company supplies nuclear fuel, fuel handling systems, tooling delivery systems, nuclear-grade materials and precisely machined components; and manufactures medical radioisotopes, radiopharmaceuticals, and medical devices. Additionally, it provides specialized engineering services that include structural component design, 3-D thermal-hydraulic engineering analysis, weld and robotic process development, electrical and controls engineering and metallurgy and materials engineering; in-plant inspection, maintenance and modification services; and non-destructive examination and tooling/repair solutions. It also offers nuclear power plant lifecycle support and management services. The company was formerly known as The Babcock & Wilcox Company and changed its name to BWX Technologies, Inc. in June 2015. BWX Technologies, Inc. was founded in 1867 and is headquartered in Lynchburg, Virginia.

Company website

Q3 2026

Go beyond the headline.

BWXT Stock: Cash Improved—What Does the New Portfolio Earn? — Q3 2026

Published 2026-11-03

Q3 2026 REPORT HIGHLIGHTS

What’s changed for BWXT

A stronger cash quarter meets a changing nuclear portfolio and a demanding valuation.

  1. Cash conversion strengthened.

    Quarterly free cash flow reached $150.5M, with payment and billing timing contributing to the nine-month improvement.

  2. Government supplied the profit signal.

    Sales grew 3.6% while calculated segment operating margin reached 19.2%.

  3. Commercial growth needs a perimeter check.

    Revenue rose 25.2%, but margin fell to 8.4% and PCG entered on July 1.

  4. The medical deal is still conditional.

    Up to $800M consideration is not treated as received cash or added to unchanged earnings.

  5. The outlook narrowed rather than broadly rose.

    FY2026 adjusted EPS is $4.72–$4.77; the FCF floor rises to $350M.

Comparable businesses

BWXT peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.

Market metrics · missing or inapplicable values shown as —
MetricBWXTBWX Technologies, Inc.Snapshot 2026-11-11Financial period: 2026-09-30
Market capMarket value, converted to USDUS$11.52B
Forward P/EProvider forward earnings estimate24.08x
EV / EBITDAEnterprise value / trailing EBITDA26.27x
Revenue growthLatest quarter vs prior-year quarter10.0%
Operating marginLatest reported quarter10.4%
Free cash flow yieldTrailing cash flow / market cap2.5%
Net debt / EBITDANet debt / trailing EBITDA2.92x
Debt / equityTotal debt / positive book equity1.43x
Trailing P/ETrailing twelve-month earnings30.88x
Price / bookPrice / positive book equity per share8.12x
EV / salesEnterprise value / trailing revenue3.63x
Earnings growthLatest quarter vs prior-year quarter24.6%
Gross marginTrailing twelve months22.6%
Net marginTrailing twelve months10.4%
Return on equityProvider trailing return; positive equity only28.3%
Free cash flow marginTrailing free cash flow / revenue8.0%
Dividend yieldIndicated annual dividend / price0.9%
Earnings payoutProvider trailing dividend payout26.0%
Current ratioCurrent assets / current liabilities1.88x
BetaProvider historical market sensitivity0.72

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

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Financial history
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Market context

Valuation & price history

Adjusted closing price

Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-11-11. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for BWXT

All available reporting periods
Q3 20262026-11-03
Q2 20262026-08-04
Q1 20262026-05-05

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.