BWX Technologies, Inc. (BWXT) Income Statement
BWXT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBWXT revenue and net income
Where BWXT's revenue goes
2025Each bar shows an amount and its share of revenue. BWXT kept 10.3% of revenue as net income.
BWXT profit margins
BWXT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +18.3% | +12.7% | +8.5% | +8.5% |
| Gross profit | +11.6% | +9.8% | +4.9% | +6.5% |
| Operating income | −15.1% | −2.5% | −2.1% | +4.6% |
| Net income | +17.0% | +11.5% | +3.4% | +9.6% |
| EPS (diluted) | +20.4% | +8.6% | +5.8% | +9.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BWXT quarterly EPS vs estimates
BWX Technologies beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 2, 2026 (estimate $1.19).
BWXT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.20B | $2.70B | $2.50B | $2.23B | $2.12B | $2.12B | $1.89B | $1.80B | $1.69B | $1.55B |
| Cost of revenue | $2.47B | $2.05B | $1.88B | $1.68B | $1.57B | $1.55B | $1.36B | $1.30B | $1.17B | $1.07B |
| Gross profit | $731.5M | $655.2M | $620.6M | $551.9M | $550.3M | $575.4M | $533.9M | $504.0M | $516.9M | $476.0M |
| Research & development | $13.9M | $7.5M | $7.6M | $9.5M | $11.1M | $14.2M | $17.7M | $15.2M | $7.2M | $6.4M |
| Sales, general & admin | $394.4M | $318.7M | $266.4M | $234.3M | $230.4M | $231.2M | $216.8M | $214.1M | $214.6M | $216.5M |
| Total operating expenses | $408.3M | $274.6M | $237.5M | $203.4M | $204.4M | $216.8M | $208.3M | $199.0M | $203.5M | $229.8M |
| Operating income | $323.2M | $380.6M | $383.1M | $348.6M | $345.8M | $358.6M | $325.5M | $305.0M | $292.2M | $234.4M |
| Interest income | $3.9M | $2.6M | $1.9M | $758,000 | $416,000 | $518,000 | $942,000 | $2.5M | $1.4M | $651,000 |
| Interest expense | $44.2M | $39.5M | $47.0M | $36.4M | $35.8M | $31.0M | $35.3M | $27.8M | $14.9M | $8.4M |
| Income before taxes | $398.1M | $348.7M | $321.4M | $314.4M | $395.7M | $362.2M | $313.7M | $280.1M | $295.8M | $257.3M |
| Income taxes | $68.3M | $66.4M | $75.1M | $75.8M | $89.4M | $83.0M | $69.1M | $52.8M | $147.4M | $73.7M |
| Net income | $329.9M | $281.9M | $245.8M | $238.2M | $305.9M | $278.7M | $244.1M | $227.0M | $147.8M | $183.1M |
| EBITDA | $551.5M | $474.1M | $447.0M | $424.6M | $500.6M | $453.9M | $410.8M | $368.1M | $367.2M | $316.2M |
| EPS (diluted) | $4.01 | $3.33 | $3.03 | $3.13 | $2.93 | $3.03 | $2.63 | $2.39 | $2.04 | $1.73 |
| Gross margin | 22.9% | 24.2% | 24.9% | 24.7% | 25.9% | 27.1% | 28.2% | 28.0% | 30.6% | 30.7% |
| Operating margin | 10.1% | 14.1% | 15.3% | 15.6% | 16.3% | 16.9% | 17.2% | 16.9% | 17.3% | 15.1% |
| Net margin | 10.3% | 10.4% | 9.8% | 10.7% | 14.4% | 13.1% | 12.9% | 12.6% | 8.8% | 11.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $901.6M | $861.1M | $885.8M | $866.3M | $764.0M | $682.3M | $746.3M | $672.0M | $681.5M | $604.0M | $725.5M | $590.0M |
| Cost of revenue | $699.3M | $663.1M | $699.9M | $677.3M | $572.6M | $517.1M | $571.9M | $508.0M | $513.0M | $455.4M | $536.9M | $436.3M |
| Gross profit | $202.3M | $198.0M | $185.9M | $189.0M | $191.4M | $165.2M | $174.4M | $164.0M | $168.3M | $148.6M | $188.6M | $153.7M |
| Research & development | $4.2M | $4.1M | $3.8M | $3.5M | $4.6M | $2.0M | $2.6M | $2.1M | $1.3M | $1.5M | $1.7M | $1.2M |
| Sales, general & admin | $108.4M | $108.0M | $110.5M | $93.4M | $102.9M | $87.6M | $90.7M | $80.8M | $79.8M | $67.4M | $74.6M | $79.8M |
| Total operating expenses | $112.6M | $112.1M | $114.3M | $96.9M | $89.0M | $68.6M | $82.1M | $67.4M | $69.5M | $55.6M | $65.4M | $68.3M |
| Operating income | $89.9M | $85.9M | $71.5M | $92.1M | $102.4M | $96.6M | $92.3M | $96.6M | $98.8M | $93.0M | $123.2M | $85.4M |
| Interest income | $4.5M | $4.9M | $1.6M | $1.0M | $551,000 | $722,000 | $505,000 | $663,000 | $540,000 | $846,000 | $736,000 | $643,000 |
| Interest expense | $5.3M | $4.7M | $10.5M | $14.0M | $11.7M | $8.0M | $9.3M | $9.9M | $10.7M | $9.6M | $11.8M | $12.2M |
| Income before taxes | $113.6M | $107.3M | $101.0M | $107.6M | $97.8M | $91.8M | $78.1M | $90.6M | $91.6M | $88.4M | $85.6M | $78.2M |
| Income taxes | $24.5M | $16.1M | $7.3M | $25.4M | $19.3M | $16.3M | $7.0M | $21.0M | $18.6M | $19.8M | $19.3M | $17.8M |
| Net income | $89.0M | $91.2M | $93.0M | $82.1M | $78.4M | $75.5M | $71.0M | $69.5M | $73.0M | $68.5M | $65.9M | $60.3M |
| EBITDA | $121.2M | $141.1M | $141.0M | $150.0M | $136.8M | $123.7M | $109.8M | $121.8M | $123.9M | $118.5M | $117.8M | $110.1M |
| EPS (diluted) | $1.07 | $1.12 | $1.08 | $1.00 | $1.02 | $0.91 | $0.92 | $0.83 | $0.82 | $0.76 | $1.01 | $0.67 |
| Gross margin | 22.4% | 23.0% | 21.0% | 21.8% | 25.1% | 24.2% | 23.4% | 24.4% | 24.7% | 24.6% | 26.0% | 26.1% |
| Operating margin | 10.0% | 10.0% | 8.1% | 10.6% | 13.4% | 14.2% | 12.4% | 14.4% | 14.5% | 15.4% | 17.0% | 14.5% |
| Net margin | 9.9% | 10.6% | 10.5% | 9.5% | 10.3% | 11.1% | 9.5% | 10.3% | 10.7% | 11.3% | 9.1% | 10.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BWXT's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BWXT financial results
In fiscal year 2025 (ended December 31, 2025), BWX Technologies reported revenue of $3.2 billion, up 18.3% from the year before. It had net income of $329.9 million (up 17.0%), a net profit margin of 10.3%. Diluted earnings per share came to $4.01. Over five years revenue grew at an average rate of 8.5% a year.
See the BWXT stock overview for the latest quote and news, or the BWXT chart for price history and technical indicators.
BWXT income statement FAQ
What is BWX Technologies's annual revenue?
BWX Technologies reported total revenue of $3.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 18.3% from $2.7 billion the previous year.
Is BWX Technologies profitable?
Yes. BWX Technologies reported net income of $329.9 million in fiscal 2025, a net profit margin of 10.3%; its operating margin was 10.1%.
What is BWX Technologies's gross margin?
BWX Technologies's gross margin was 22.9% in fiscal 2025: for every $100 of revenue, BWX Technologies kept $23 after the direct cost of its products and services.
How much does BWX Technologies spend on research and development?
BWX Technologies spent $13.9 million on research and development in fiscal 2025, 0.4% of revenue.
How fast is BWX Technologies growing?
Revenue grew 8.5% a year on average over the last five fiscal years, from $2.1 billion to $3.2 billion.
What are BWX Technologies's earnings per share?
BWX Technologies earned $4.01 per diluted share in fiscal 2025, compared with $3.33 a year earlier.
When will BWX Technologies report its next earnings?
BWX Technologies is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does BWX Technologies's fiscal year end?
BWX Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.