BWX Technologies, Inc. (BWXT) Key Metrics
BWXT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $12.55B
- Enterprise value
- $14.40B
- P/E (TTM)
- 35.5 10-yr median 23.4
- Forward P/E
- 27.0
- PEG ratio
- 1.67
- Price / sales
- 3.6 10-yr median 2.8
- Price / book
- 9.7 10-yr median 11.2
- EV / EBITDA
- 24.7 10-yr median 15.9
- Dividend yield
- 0.77% $1.06 a year
- Beta
- 0.74
BWXT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBWXT valuation Price multiples at each fiscal year-end price.
BWXT returns How much profit the business earns on the capital it uses.
BWXT per-share figures Results divided by the shares outstanding at year-end.
BWXT financial health Debt, liquidity and how easily interest is covered.
BWXT efficiency & capital use Working capital cycle and where the cash goes.
BWXT valuation history
BWXT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BWXT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BWXT cash returned to shareholders
BWXT price vs earnings per share
BWXT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $15.88B | $10.23B | $7.05B | $5.33B | $4.53B | $5.77B | $5.95B | $3.82B | $6.07B | $4.12B |
| Enterprise value | $17.39B | $11.21B | $8.18B | $6.58B | $5.68B | $6.68B | $6.68B | $4.56B | $6.37B | $4.51B |
| P/E ratio | 48.1 | 36.3 | 28.7 | 22.4 | 14.8 | 20.7 | 24.4 | 16.8 | 41.1 | 22.5 |
| Price / sales | 5.0 | 3.8 | 2.8 | 2.4 | 2.1 | 2.7 | 3.1 | 2.1 | 3.6 | 2.7 |
| Price / book | 12.9 | 9.5 | 7.6 | 7.1 | 7.1 | 9.3 | 14.7 | 16.2 | 21.3 | 27.5 |
| Price / free cash flow | 53.8 | 40.2 | 33.2 | 114.8 | 60.4 | — | 61.2 | 63.8 | 48.5 | 22.0 |
| Price / operating cash flow | 33.1 | 25.1 | 19.4 | 21.8 | 11.7 | 29.4 | 21.3 | 22.6 | 27.3 | 17.2 |
| EV / sales | 5.4 | 4.1 | 3.3 | 2.9 | 2.7 | 3.1 | 3.5 | 2.5 | 3.8 | 2.9 |
| EV / EBITDA | 31.5 | 23.7 | 18.3 | 15.5 | 11.3 | 14.7 | 16.3 | 12.4 | 17.4 | 14.3 |
| EV / free cash flow | 58.9 | 44.0 | 38.5 | 141.7 | 75.8 | — | 68.7 | 76.0 | 50.9 | 24.1 |
| Earnings yield | 2.1% | 2.8% | 3.5% | 4.5% | 6.8% | 4.8% | 4.1% | 5.9% | 2.4% | 4.4% |
| Free cash flow yield | 1.9% | 2.5% | 3.0% | 0.9% | 1.7% | −1.0% | 1.6% | 1.6% | 2.1% | 4.5% |
| Dividend yield | 0.6% | 0.9% | 1.2% | 1.5% | 1.8% | 1.3% | 1.1% | 1.7% | 0.7% | 0.9% |
| Shareholder yield (dividends + buybacks) | 0.8% | 1.1% | 1.3% | 2.0% | 6.9% | 1.7% | 1.6% | 7.3% | 0.8% | 8.0% |
| Share price at fiscal year-end | $172.84 | $111.39 | $76.73 | $58.08 | $47.88 | $60.28 | $62.08 | $38.23 | $60.49 | $39.70 |
| Per share | ||||||||||
| Revenue per share | $34.82 | $29.43 | $27.17 | $24.35 | $22.47 | $22.18 | $19.78 | $18.00 | $16.82 | $14.93 |
| Earnings per share | $3.59 | $3.07 | $2.68 | $2.60 | $3.24 | $2.91 | $2.55 | $2.27 | $1.47 | $1.76 |
| Operating cash flow per share | $5.22 | $4.45 | $3.96 | $2.67 | $4.08 | $2.05 | $2.92 | $1.69 | $2.21 | $2.31 |
| Free cash flow per share | $3.21 | $2.77 | $2.31 | $0.51 | $0.79 | −$0.61 | $1.01 | $0.60 | $1.25 | $1.80 |
| Cash per share | $5.47 | $0.81 | $0.86 | $0.43 | $0.40 | $0.48 | $0.96 | $0.33 | $2.06 | $1.35 |
| Book value per share | $13.42 | $11.76 | $10.16 | $8.16 | $6.74 | $6.45 | $4.22 | $2.36 | $2.84 | $1.44 |
| Tangible book value per share | $4.38 | $6.84 | $4.91 | $2.85 | $1.76 | $1.48 | −$0.66 | −$2.67 | −$0.43 | −$1.69 |
| Dividends per share | $1.01 | $0.96 | $0.92 | $0.88 | $0.84 | $0.76 | $0.68 | $0.64 | $0.42 | $0.36 |
| Capex per share | $2.01 | $1.67 | $1.65 | $2.16 | $3.29 | $2.66 | $1.90 | $1.09 | $0.97 | $0.51 |
| Debt per share | $21.95 | $11.49 | $13.17 | $14.06 | $12.62 | $9.94 | $8.60 | $7.68 | $5.07 | $5.06 |
| Shares outstanding | 91.9M | 91.9M | 91.9M | 91.7M | 94.5M | 95.7M | 95.8M | 100.0M | 100.4M | 103.8M |
| Change in shares outstanding | −0.0% | −0.0% | +0.2% | −3.0% | −1.3% | −0.1% | −4.2% | −0.3% | −3.3% | −3.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 28.5% | 28.0% | 29.2% | 34.4% | 48.7% | 54.5% | 76.3% | 87.1% | 67.9% | 88.1% |
| Return on invested capital (ROIC) | 11.1% | 14.9% | 14.5% | 14.0% | 16.1% | 20.8% | 24.1% | 31.8% | 26.1% | 35.5% |
| Return on assets (ROA) | 9.2% | 10.0% | 9.2% | 9.3% | 12.8% | 13.3% | 13.7% | 13.5% | 9.0% | 12.4% |
| Return on tangible assets | 9.6% | 11.7% | 10.9% | 11.2% | 15.1% | 15.3% | 16.9% | 19.7% | 10.7% | 14.6% |
| Free cash flow margin | 9.2% | 9.4% | 8.5% | 2.1% | 3.5% | −2.8% | 5.1% | 3.3% | 7.4% | 12.1% |
| Income quality (OCF / net income) | 1.45 | 1.45 | 1.48 | 1.03 | 1.26 | 0.70 | 1.14 | 0.75 | 1.50 | 1.31 |
| Financial health | ||||||||||
| Total debt | $2.02B | $1.06B | $1.21B | $1.29B | $1.19B | $951.4M | $824.2M | $767.8M | $508.9M | $525.1M |
| Cash & short-term investments | $502.9M | $74.1M | $78.6M | $39.0M | $37.7M | $46.3M | $92.4M | $33.5M | $206.3M | $140.2M |
| Net debt | $1.51B | $981.4M | $1.13B | $1.25B | $1.16B | $905.1M | $731.8M | $734.4M | $302.6M | $384.9M |
| Debt / equity | 1.64 | 0.98 | 1.30 | 1.72 | 1.87 | 1.54 | 2.04 | 3.26 | 1.78 | 3.50 |
| Debt / assets | 0.47 | 0.37 | 0.44 | 0.49 | 0.48 | 0.41 | 0.43 | 0.46 | 0.30 | 0.33 |
| Net debt / EBITDA | 2.74 | 2.07 | 2.53 | 2.94 | 2.31 | 1.99 | 1.78 | 2.00 | 0.82 | 1.22 |
| Current ratio | 2.32 | 1.96 | 2.18 | 2.10 | 1.68 | 1.46 | 1.56 | 1.44 | 1.65 | 1.58 |
| Quick ratio | 2.25 | 1.88 | 2.11 | 2.09 | 1.68 | 1.45 | 1.55 | 1.43 | 1.64 | 1.56 |
| Interest coverage | 7.3 | 9.6 | 8.1 | 9.6 | 9.7 | 11.6 | 9.2 | 11.0 | 19.6 | 27.9 |
| Working capital | $888.3M | $455.8M | $442.8M | $403.8M | $314.1M | $243.9M | $225.0M | $165.1M | $345.0M | $253.7M |
| Invested capital | $2.75B | $2.06B | $2.06B | $2.00B | $1.79B | $1.52B | $1.14B | $970.0M | $588.0M | $535.0M |
| Tangible asset value | $402.3M | $627.7M | $450.8M | $261.6M | $166.2M | $141.3M | −$62.8M | −$267.1M | −$43.0M | −$175.1M |
| Net current asset value | −$1.48B | −$859.5M | −$996.0M | −$1.10B | −$1.09B | −$902.1M | −$875.0M | −$876.9M | −$553.5M | −$735.8M |
| Graham number | $32.93 | $28.50 | $24.73 | $21.84 | $22.16 | $20.56 | $15.55 | $10.97 | $9.71 | $7.57 |
| Graham net-net per share | −$19.64 | −$12.22 | −$13.23 | −$14.44 | −$13.87 | −$11.68 | −$10.87 | −$10.38 | −$7.42 | −$8.65 |
| Capital allocation | ||||||||||
| Dividends paid | $92.5M | $88.3M | $85.0M | $81.1M | $79.7M | $72.9M | $65.4M | $63.8M | $42.0M | $37.4M |
| Share buybacks (net) | $30.0M | $20.0M | $7.6M | $26.6M | $230.8M | $27.2M | $29.2M | $214.8M | $8.0M | $293.0M |
| Dividend payout ratio | 28.0% | 31.3% | 34.6% | 34.0% | 26.0% | 26.2% | 26.8% | 28.1% | 28.4% | 20.4% |
| Dividends + buybacks / free cash flow | 41.5% | 42.5% | 43.6% | 232.1% | 414.1% | — | 97.2% | 464.7% | 40.0% | 176.5% |
| Capex / revenue | 5.8% | 5.7% | 6.1% | 8.9% | 14.6% | 12.0% | 9.6% | 6.1% | 5.7% | 3.4% |
| Capex / operating cash flow | 38.5% | 37.6% | 41.6% | 81.0% | 80.6% | 129.8% | 65.2% | 64.6% | 43.6% | 21.9% |
| Capex / depreciation | 1.69 | 1.79 | 1.93 | 2.69 | 4.50 | 4.20 | 2.95 | 1.82 | 1.71 | 1.04 |
| Stock-based compensation / revenue | 0.8% | 0.8% | 0.6% | 0.6% | 0.9% | 0.8% | 0.7% | 0.7% | 0.9% | 1.0% |
| R&D / revenue | 0.4% | 0.3% | 0.3% | 0.4% | 0.5% | 0.7% | 0.9% | 0.8% | 0.4% | 0.4% |
| SG&A / revenue | 12.3% | 11.8% | 10.7% | 10.5% | 10.8% | 10.9% | 11.4% | 11.9% | 12.7% | 14.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 97.5 | 97.1 | 98.7 | 111.2 | 117.3 | 100.8 | 91.9 | 110.6 | 124.0 | 112.9 |
| Days of inventory on hand | 6.4 | 6.0 | 3.0 | 0.6 | 0.7 | 0.7 | 0.9 | 1.5 | 2.1 | 2.3 |
| Days payables outstanding | 22.1 | 25.4 | 24.7 | 34.4 | 43.4 | 41.9 | 38.3 | 29.3 | 30.1 | 29.6 |
| Cash conversion cycle (days) | 81.8 | 77.8 | 76.9 | 77.4 | 74.6 | 59.7 | 54.5 | 82.8 | 96.0 | 85.6 |
| Receivables turnover | 3.74 | 3.76 | 3.70 | 3.28 | 3.11 | 3.62 | 3.97 | 3.30 | 2.94 | 3.23 |
| Payables turnover | 16.48 | 14.39 | 14.78 | 10.61 | 8.41 | 8.72 | 9.54 | 12.45 | 12.11 | 12.34 |
| Inventory turnover | 56.82 | 60.52 | 123.70 | 577.23 | 527.59 | 505.43 | 395.08 | 236.93 | 176.93 | 159.89 |
| Asset turnover | 0.90 | 0.96 | 0.93 | 0.87 | 0.89 | 1.01 | 1.06 | 1.07 | 1.03 | 1.05 |
| Average receivables | $854.3M | $719.3M | $674.7M | $680.0M | $682.7M | $586.4M | $477.1M | $545.2M | $573.6M | $479.8M |
| Average payables | $149.7M | $142.4M | $126.9M | $158.5M | $187.1M | $177.5M | $142.7M | $104.1M | $96.7M | $87.1M |
| Average inventory | $43.4M | $33.9M | $15.2M | $2.9M | $3.0M | $3.1M | $3.4M | $5.5M | $6.6M | $6.7M |
| Intangibles / total assets | 19.4% | 15.8% | 17.6% | 18.6% | 18.8% | 20.8% | 24.5% | 30.4% | 19.2% | 20.6% |
Computed from BWXT's annual financial statements (latest annual report filed February 23, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BWXT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), BWX Technologies traded at 48.1 times earnings, against a 10-year median of 23.4. Based on the latest twelve months, the trailing P/E is 35.5 and the forward P/E is 27.0. BWX Technologies earned a return on equity of 28.5% and a return on invested capital of 11.1% in fiscal 2025. It ended the year with $2.0 billion of debt and $502.9 million in cash and short-term investments, net debt of $1.5 billion. It returned $122.5 million to shareholders: $92.5 million in dividends and $30.0 million in share buybacks, 41% of free cash flow. The share count fell 11.5% from 103.8M to 91.9M over 9 years.
See the BWXT income statement, the BWXT chart for price history, or the BWXT stock overview for the latest quote and news.
BWXT key metrics FAQ
What is BWX Technologies's P/E ratio?
BWX Technologies's trailing P/E ratio is 35.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 27.0. At the end of fiscal 2025 it was 48.1, compared with a 10-year median of 23.4.
What is BWX Technologies's EV/EBITDA?
BWX Technologies's enterprise value was 31.5 times EBITDA at the end of fiscal 2025 (enterprise value $17.4 billion, EBITDA $551.5 million); the current EV/EBITDA is 24.7.
What is BWX Technologies's return on equity?
BWX Technologies's return on equity (ROE) was 28.5% in fiscal 2025: net income of $329.9 million on average shareholders' equity of $1.2 billion.
What is BWX Technologies's ROIC?
BWX Technologies's return on invested capital was 11.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does BWX Technologies have?
BWX Technologies had total debt of $2.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.64 and $1.5 billion of net debt (2.74 times EBITDA).
What is BWX Technologies's dividend yield?
BWX Technologies's forward dividend yield is 0.77%. BWX Technologies paid $92.5 million in dividends in fiscal 2025 ($1.01 per share), a payout ratio of 28.0%.
Does BWX Technologies buy back its shares?
Yes. BWX Technologies spent $30.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.0% over the year, to 91.9M..
What is BWX Technologies's free cash flow yield?
BWX Technologies generated $295.3 million of free cash flow in fiscal 2025, a free cash flow yield of 1.9% on its market value at year-end ($15.9 billion).
What is BWX Technologies's current ratio?
BWX Technologies's current ratio was 2.32 at the end of fiscal 2025: current assets were 2.32 times current liabilities.