BWX Technologies, Inc. income statement
In fiscal 2025, BWX Technologies, Inc. reported revenue of $3.20bn, up 18.3% on the year before, operating income of $404m (a 12.6% margin) and net income of $329m, or $3.58 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,855 | 2,689 | 2,952 | 3,291 | 1,547 | 1,451 | 1,416 | 1,551 | 1,688 | 1,800 | 1,895 | 2,124 | 2,124 | 2,233 | 2,496 | 2,704 | 3,198 | 3,601 |
| Cost of revenue | 2,182 | 2,032 | 2,384 | 2,461 | 1,012 | 1,153 | 1,027 | 1,086 | 1,192 | 1,296 | 1,361 | 1,548 | 1,574 | 1,681 | 1,876 | 2,048 | 2,466 | 2,787 |
| Gross profit | 673 | 656 | 568 | 830 | 534 | 298 | 388 | 464 | 496 | 504 | 534 | 575 | 550 | 552 | 621 | 655 | 733 | 814 |
| Research and development | 53 | 69 | 106 | 121 | 58 | 55 | 11 | 6 | 7 | 15 | 18 | 14 | 11 | 10 | 8 | 7 | 14 | 16 |
| Selling, general and administrative | 404 | 412 | 448 | 428 | 198 | 230 | 208 | 210 | 210 | 214 | 217 | 231 | 230 | 234 | 280 | 319 | 394 | 444 |
| Operating income | 270 | 249 | 96 | 347 | 307 | 25 | 206 | 234 | 292 | 305 | 326 | 359 | 346 | 349 | 383 | 381 | 404 | 445 |
| Interest expense | 25 | 13 | 5 | 4 | 3 | 7 | 10 | 8 | 15 | 28 | 35 | 31 | 36 | 36 | 47 | 39 | 44 | 26 |
| Income before tax | 232 | 220 | 94 | 319 | 286 | 32 | 221 | 257 | 296 | 280 | 314 | 362 | 396 | 314 | 321 | 349 | 398 | 454 |
| Income tax | 84 | 80 | 24 | 102 | 101 | 2 | 80 | 74 | 147 | 53 | 69 | 83 | 89 | 76 | 75 | 66 | 68 | 78 |
| Net income | 148 | 140 | 78 | 228 | 346 | 29 | 131 | 183 | 148 | 227 | 244 | 279 | 306 | 238 | 246 | 282 | 329 | 375 |
| Diluted EPS | $1.26 | $1.19 | $0.66 | $1.91 | $3.07 | $0.27 | $1.22 | $1.76 | $1.47 | $2.27 | $2.55 | $2.91 | $3.24 | $2.60 | $2.68 | $3.07 | $3.58 | $4.07 |
| Diluted shares (average) | 117m | 118m | 118m | 119m | 113m | 109m | 108m | 104m | 100m | 100m | 96m | 96m | 95m | 92m | 92m | 92m | 92m | 92m |
| EBITDA | 342 | 320 | 169 | 416 | 377 | 131 | 285 | 285 | 349 | 365 | 387 | 419 | 415 | 422 | 462 | 466 | 514 | 568 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 746 | 682 | 764 | 866 | 886 | 860 | 902 | 953 |
| Cost of revenue | 572 | 517 | 573 | 677 | 699 | 663 | 699 | 726 |
| Gross profit | 174 | 165 | 191 | 189 | 187 | 197 | 202 | 227 |
| Research and development | 3 | 2 | 5 | 3 | 4 | 4 | 4 | 4 |
| Selling, general and administrative | 91 | 88 | 103 | 93 | 111 | 108 | 108 | 117 |
| Operating income | 92 | 97 | 102 | 113 | 92 | 107 | 114 | 132 |
| Interest expense | 9 | 8 | 12 | 14 | 10 | 5 | 5 | 5 |
| Income before tax | 78 | 92 | 98 | 108 | 101 | 107 | 114 | 132 |
| Income tax | 7 | 16 | 19 | 25 | 7 | 16 | 24 | 30 |
| Net income | 71 | 75 | 78 | 82 | 93 | 91 | 89 | 102 |
| Diluted EPS | $0.77 | $0.82 | $0.85 | $0.89 | $1.01 | $0.99 | $0.97 | $1.11 |
| EBITDA | 115 | 121 | 130 | 142 | 122 | 136 | 145 | 166 |
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