Tearsheet

BWX Technologies (BWXT)


Market Price (11/7/2025): $189.97 | Market Cap: $17.4 Bil
Sector: Industrials | Industry: Aerospace & Defense

BWX Technologies (BWXT)


Market Price (11/7/2025): $189.97
Market Cap: $17.4 Bil
Sector: Industrials
Industry: Aerospace & Defense

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 14%
  Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 42x, P/EPrice/Earnings or Price/(Net Income) is 58x
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%
  Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 70%
2 Low stock price volatility
Vol 12M is 41%
  
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 14%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%
2 Low stock price volatility
Vol 12M is 41%
3 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 42x, P/EPrice/Earnings or Price/(Net Income) is 58x
4 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 70%

Market Valuation & Key Metrics

BWXT Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
BWXT Return-2%-19%23%34%47%75%236%
Peers Return20%41%-22%30%6%9%97%
S&P 500 Return16%27%-19%24%23%14%108%

Monthly Win Rates [3]
BWXT Win Rate58%50%50%67%75%80% 
Peers Win Rate58%63%42%57%58%56% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
BWXT Max Drawdown-32%-22%-11%-4%-2%-20% 
Peers Max Drawdown-45%-4%-33%-10%-12%-27% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: WWD, AYI, RRX, BC, NOVT. See BWXT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/6/2025 (YTD)

How Low Can It Go

Unique KeyEventBWXTS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-37.2%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven59.2%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven479 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-40.3%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven67.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven1198 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-48.2%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven93.0%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven1648 days120 days

Compare to WWD, AYI, RRX, BC, NOVT


In The Past

BWX Technologies's stock fell -37.2% during the 2022 Inflation Shock from a high on 4/6/2021. A -37.2% loss requires a 59.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About BWX Technologies (BWXT)

Better Bets than BWX Technologies (BWXT)

Latest Trefis Analyses

Trade Ideas

Select past ideas related to BWXT. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
GEO_10312025_Dip_Buyer_FCFYield10312025GEOGEODip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-9.2%-9.2%-9.2%
RUN_10312025_Short_Squeeze10312025RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-1.6%-1.6%-8.2%
PLPC_10312025_Quality_Momentum_RoomToRun_10%10312025PLPCPreformed Line ProductsQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
-1.9%-1.9%-1.9%
VRSK_10172025_Monopoly_xInd_xCD_Getting_Cheaper10172025VRSKVerisk AnalyticsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-8.4%-8.4%-10.5%
CARR_10102025_Dip_Buyer_ValueBuy10102025CARRCarrier GlobalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.2%0.2%-0.8%
BWXT_8312025_Quality_Momentum_RoomToRun_10%08312025BWXTBWX TechnologiesQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
19.7%19.7%-1.2%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
GEO_10312025_Dip_Buyer_FCFYield10312025GEOGEODip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-9.2%-9.2%-9.2%
RUN_10312025_Short_Squeeze10312025RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-1.6%-1.6%-8.2%
PLPC_10312025_Quality_Momentum_RoomToRun_10%10312025PLPCPreformed Line ProductsQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
-1.9%-1.9%-1.9%
VRSK_10172025_Monopoly_xInd_xCD_Getting_Cheaper10172025VRSKVerisk AnalyticsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-8.4%-8.4%-10.5%
CARR_10102025_Dip_Buyer_ValueBuy10102025CARRCarrier GlobalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.2%0.2%-0.8%
BWXT_8312025_Quality_Momentum_RoomToRun_10%08312025BWXTBWX TechnologiesQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
19.7%19.7%-1.2%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for BWX Technologies

Financials

BWXTWWDAYIRRXBCNOVTMedian
NameBWX Tech.Woodward Acuity Regal Re.BrunswickNovanta  
Mkt Price193.93264.10358.20135.3665.41107.26164.65
Mkt Cap17.815.811.09.04.33.910.0
Rev LTM3,0593,4264,3465,8725,1849603,886
Op Inc LTM333423594653293119378
FCF LTM463277533936589103498
FCF 3Y Avg250275533673402107339
CFO LTM6303806011,036736117616
CFO 3Y Avg411364600782623125505

Growth & Margins

BWXTWWDAYIRRXBCNOVTMedian
NameBWX Tech.Woodward Acuity Regal Re.BrunswickNovanta  
Rev Chg LTM14.0%5.5%13.1%-5.0%-4.8%4.1%4.8%
Rev Chg 3Y Avg11.6%14.2%3.0%4.5%-7.7%4.5%4.5%
Rev Chg Q28.9%8.0%17.1%1.3%6.8%1.4%7.4%
QoQ Delta Rev Chg LTM6.8%2.0%4.2%0.3%1.7%0.4%1.9%
Op Mgn LTM10.9%12.4%13.7%11.1%5.6%12.4%11.7%
Op Mgn 3Y Avg12.5%11.4%13.6%10.2%9.4%13.1%11.9%
QoQ Delta Op Mgn LTM-0.4%-0.2%-0.0%-0.0%-0.5%-0.7%-0.3%
CFO/Rev LTM20.6%11.1%13.8%17.6%14.2%12.2%14.0%
CFO/Rev 3Y Avg14.7%11.5%14.9%13.1%10.9%13.5%13.3%
FCF/Rev LTM15.1%8.1%12.3%15.9%11.4%10.7%11.8%
FCF/Rev 3Y Avg8.7%8.7%13.2%11.3%7.1%11.5%10.0%

Valuation

BWXTWWDAYIRRXBCNOVTMedian
NameBWX Tech.Woodward Acuity Regal Re.BrunswickNovanta  
Mkt Cap17.815.811.09.04.33.910.0
P/S5.84.62.51.50.84.03.3
P/EBIT42.530.820.313.6-33.132.425.5
P/E57.840.627.734.9-18.073.037.8
P/CFO28.241.518.38.75.833.023.2
Total Yield2.2%2.9%3.8%3.1%-2.9%1.4%2.6%
Dividend Yield0.5%0.4%0.2%0.3%2.6%0.0%0.3%
FCF Yield 3Y Avg2.0%2.7%7.1%6.8%8.4%2.2%4.7%
D/E0.10.10.10.50.50.10.1
Net D/E0.10.00.10.50.50.10.1

Returns

BWXTWWDAYIRRXBCNOVTMedian
NameBWX Tech.Woodward Acuity Regal Re.BrunswickNovanta  
1M Rtn1.3%3.8%3.3%-6.0%3.8%6.2%3.5%
3M Rtn8.2%5.5%17.6%-3.8%14.4%-5.7%6.8%
6M Rtn80.3%35.4%39.9%2.9%37.2%-12.0%36.3%
12M Rtn65.2%53.9%12.1%-24.7%-22.3%-41.0%-5.1%
3Y Rtn248.6%188.7%94.5%17.4%1.1%-23.7%56.0%
1M Excs Rtn-1.1%5.4%-0.1%-7.8%3.3%4.9%1.6%
3M Excs Rtn3.2%1.2%11.5%-7.6%9.9%-12.4%2.2%
6M Excs Rtn61.7%16.7%21.3%-15.8%18.5%-30.7%17.6%
12M Excs Rtn45.7%44.4%-0.7%-37.3%-34.8%-56.1%-17.8%
3Y Excs Rtn173.4%117.9%20.4%-58.4%-77.9%-97.8%-19.0%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Government Operations2,0311,808   
Commercial Operations466427   
Eliminations-1-3 -31-18
Nuclear Operations Group   1,6461,429
Nuclear Power Group   371353
Nuclear Services Group   136131
Total2,4962,233 2,1241,895


Operating Income by Segment
$ Mil20242023202220212020
Government Operations375337   
Commercial Operations3827   
Unallocated Corporate-29-15 -24-18
Nuclear Operations Group   326298
Nuclear Power Group   5254
Nuclear Services Group   2614
Other   -22-23
Total383349 359326


Price Behavior

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity2,130,827
Short Interest: % Change Since 9302025-11.9%
Average Daily Volume1,265,085
Days-to-Cover Short Interest1.68
Basic Shares Quantity91,565,095
Short % of Basic Shares2.3%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/3/2025-7.2%  
8/4/202517.8%15.3%4.3%
5/5/2025-3.5%-4.4%15.3%
2/24/20254.2%1.6%5.1%
11/4/2024-2.3%5.7%9.2%
8/5/20240.9%5.3%7.1%
2/27/202412.9%17.4%14.4%
11/1/20233.1%1.9%6.0%
...
SUMMARY STATS   
# Positive121617
# Negative1176
Median Positive4.9%5.3%7.1%
Median Negative-2.3%-4.6%-5.7%
Max Positive17.8%26.3%28.5%
Max Negative-12.4%-20.0%-33.9%

SEC Filings

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Report DateFiling DateFiling
93020251103202510-Q 9/30/2025
6302025804202510-Q 6/30/2025
3312025505202510-Q 3/31/2025
12312024224202510-K 12/31/2024
93020241104202410-Q 9/30/2024
6302024805202410-Q 6/30/2024
3312024506202410-Q 3/31/2024
12312023227202410-K 12/31/2023
93020231101202310-Q 9/30/2023
6302023803202310-Q 6/30/2023
3312023508202310-Q 3/31/2023
12312022223202310-K 12/31/2022
93020221107202210-Q 9/30/2022
6302022808202210-Q 6/30/2022
3312022509202210-Q 3/31/2022
12312021222202210-K 12/31/2021

Insider Activity

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