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BWX Technologies Inc (BWXT)

Fair Value
IndustrialsAerospace & DefenseUnited States

Fundamental

59

Price

$137.00

Market Cap

$12.31B

Part 1 · What the company is worth

Overview

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.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users

Westinghouse Electric Company, LLCNot tracked

Named by BWXT in both of its segments: it bids for the same U.S. government nuclear site and facility contracts and sells the same commercial reactor components, fuel and small-reactor designs.

Framatome SASNot tracked

The French reactor-components and fuel maker, controlled by EDF, supplies the same heavy nuclear components, fuel and plant services to utilities that BWXT's commercial business targets.

Amentum Holdings, Inc.AMTM

Listed in BWXT's 10-K as a government-operations competitor: both bid to manage and operate Department of Energy and NNSA nuclear sites and environmental clean-up programmes.

Fluor CorporationFLR

Another contractor named by BWXT that competes for the same Department of Energy management-and-operating and nuclear site remediation contracts.

Doosan Enerbility Co., Ltd. (두산에너빌리티), formerly Doosan Heavy Industries & Construction034020.KS

The Korean heavy-forging group named in BWXT's 10-K competes for the same orders for reactor vessels, steam generators and large nuclear components, including small modular reactor hardware.

Balance Sheet & Liquidity

Revenue

$3.51B

Trailing 12 months (through 6/30/2026)

Net Income

$355M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$295M

Total Equity

$1.23B

Total Liabilities

$3.04B

Current Ratio

2.40

Interest Coverage

9.15

Debt/EBITDA

3.93

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

General caseFairly Valued

Fair Value

$124.77

Current Price

$137.00

Margin of Safety

-9.8%

Fair Value Range

$81.10 - $168.44

Spread across the valuation methods used, not a statistically calibrated confidence interval.

Estimation Methods

Analyst price target:$222.07
Discounted cash flow (DCF):$60.58
Earnings multiple (P/E):$108.92
Graham growth formula:$57.54
Earnings power value (EPV):$42.96
Justified P/B:$71.36
Dividend discount (Gordon):$23.27
P/FFO, funds from operations:$76.51
Mid-cycle earnings:$125.94
Revenue multiple:$108.61
Analyst Consensus:Strong Buy (18B / 5H / 0S)
Last Earnings Surprise:+0.43%

Valuation Metrics

P/E Ratio

35.49

ROE

26.7%

P/B Ratio

9.41

P/FCF

39.63

Gross Margin

22.9%

ROIC

9.1%

Profitability Radar

Value Creation (Economic Moat)

ROIC

9.1%

WACC

7.6%

ROIC − WACC

+1.5 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Fundamental Analysis Criteria

Passed (18)

  • EPS shows upward trend
  • EPS CAGR 6.74%
  • Price CAGR 14.23%
  • ROIC 9.1%
  • Debt/Equity ratio
  • Operating Margin 12.1%
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 27.9%
  • Revenue Growth 5Y 8.5%
  • Analyst Consensus 78% Buy
  • Earnings Surprise avg 13.3%
  • Earnings Quality (OCF/NI) 1.46
  • Share Dilution 0.1%
  • Piotroski F-Score 5/9

Failed (9)

  • Gross Margin 22.9%
  • P/FCF 39.63
  • P/B Ratio 9.41
  • CapEx intensity
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • PEG Ratio 8.27
  • Net Margin Trend 10.1% vs 10.3%

Unavailable (1)

  • Dividend Payout NaN%

Piotroski F-Score

5/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

1.46

High quality: earnings backed by cash

Share Dilution

0.1%

Share count is stable

Institutional Holdings

Governance

Executive Team

NameTitleAge
Mr. Rex D. GevedenPresident, CEO & Director63
Mr. Michael T. FitzgeraldSenior VP & CFO40
Mr. Robert L. DuffySenior VP & Chief Administrative Officer58
Mr. Gonzalo R. CajadeSenior VP & CHRO49
Mr. Joseph K. MillerPresident of Government Operations45
Mr. Kevin M. McCoyChief Nuclear Officer68
Ms. Suzanne MadduxSenior Vice President of Operations-
Mr. Kevin GormanCorporate Controller & Chief Accounting Officer50
Mr. Chase JacobsonVice President of Investor Relations & Strategic Finance-
Mr. Toby W. SmithSenior VP General Counsel, Chief Compliance Officer & Corporate Secretary51

Audit Risk

5

Board Risk

2

Compensation Risk

3

Shareholder Rights Risk

4

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Documents

  • Annual Report (10-K)

    A yearly overview of the business, its financial results, and the risks it faces.

    Filed on 2026-02-23

    View document
  • Quarterly Report (10-Q)

    A snapshot of financial performance for the most recent three-month period.

    Filed on 2026-08-05

    View document
  • Current Report (8-K)

    An announcement of a major event, such as a leadership change or big news.

    Filed on 2026-08-03

    View document

via SEC EDGAR

Income History

via SEC EDGAR

Latest News

Recent headlines for BWXT, sourced from Markets Gazette.

  • 6/17/2026POSITIVE
    BWX Agrees to License Nuclear Reactor Design After Activist Push

    BWX Technologies Inc. has entered into a licensing agreement for its small modular reactor design, a move that follows pressure from activist investor Ananym Capital Management. This strategic decision aims to unlock new revenue streams by commercializing the company's advanced nuclear technology. The licensing deal is expected to validate BWX's innovation and potentially lead to significant growth opportunities in the burgeoning small modular reactor market, which is attracting substantial investment and government support. Investors may view this as a positive step towards diversifying BWX's business model and enhancing shareholder value.

  • 5/12/2026POSITIVE
    $100 Invested In BWX Technologies 10 Years Ago Would Be Worth This Much Today

    An investment of $100 in BWX Technologies Inc. (BWXT) a decade ago would have yielded a significant return, now valued at approximately $850. This performance highlights the company's robust growth and market position over the past ten years. BWXT, a leader in nuclear components and services for government and commercial clients, has benefited from increased defense spending and a resurgence in interest in nuclear energy solutions. Investors tracking the defense and energy sectors should note BWXT's sustained upward trajectory as a potential indicator of continued strength.

  • 2/24/2026NEUTRAL
    BWXT (BWXT) Q4 2025 Earnings Call Transcript

    The Markets Gazette notes the availability of the Q4 2025 earnings call transcript for BWX Technologies, Inc. (BWXT). This announcement, while procedural in nature, marks a key date for investors following the stock. As the specific content of the call is not available, the immediate market impact is nil. However, the event itself is significant: analysts will await the release of financial data and management commentary to assess the company's financial health, profit margins, revenue growth, and, most importantly, its guidance for future periods. The news serves as a placeholder for a future event that could generate volatility for the stock, but it currently provides no directional information.

  • 2/23/2026NEUTRAL
    BWX Technologies Earnings Review: Q4 Summary

    The Markets Gazette reports that investor attention is focused on BWX Technologies ahead of its fourth-quarter earnings release. The article, while providing no specific data, signals the upcoming financial review, a crucial moment for assessing the performance of the company, which specializes in nuclear components and services. Analysts and market participants will be waiting to scrutinize figures on revenue, profit margins, and, most importantly, the guidance for the coming quarters. Updates on government and commercial contracts, which form the company's core business, are of particular interest. Until the official data is released, sentiment on the stock remains in a holding pattern, as investors seek confirmation of the group's growth trajectory and operational stability in a strategic and highly regulated sector.

via Markets Gazette