BWX Technologies, Inc. (BWXT) Stock

BWX Technologies, Inc. (BWXT) is a Industrials stock trading at $156.41 (as of 2026-08-20), with a market capitalization of $14.33B and a trailing P/E of 43.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

BWX Technologies, Inc. manufactures and sells nuclear components in the United States, Canada, and internationally, operating through segments including Nuclear Operations Group and Nuclear Power Group (and other nuclear services activities). Its work supports defense and research uses such as naval nuclear propulsion and research reactor fuel, as well as commercial nuclear power plant equipment and related engineering services.

Understand BWX Technologies, Inc.: how it makes money

BWX Technologies manufactures and sells nuclear components and related products and services, with revenue coming from both government operations (including work tied to the U.S. Naval Nuclear Propulsion Program) and commercial operations.

The profit engine is the companys ability to generate repeatable sales to government nuclear programs, supplying precision naval and other critical nuclear components and related nuclear equipment, with commercial activity a smaller secondary contributor.

Revenue by segment (latest quarter)
Gov Ops$0.6B
Comm Ops$0.3B

Business quality (Solid): Investor-relevant revenue split is available (Government vs Commercial), but the dataset does not provide separate revenue figures for all three official operating segments (Nuclear Operations Group, Nuclear Power Group, Nuclear Services Group).

Valuation: At 52× earnings, BWXT trades 52% above the Machinery average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Built around nuclear program demand: BWX Technologies provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies tied to the U.S. Department of Energy and the Naval Nuclear Propulsion Program, which supports a government-linked revenue base.
  • Government operations are the core revenue stream: In the latest quarter data provided, Government Operations revenue is larger than Commercial Operations revenue, indicating the business model depends primarily on government-funded work.
  • Multiple nuclear business lines: The company operates across three segments, Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group, aligning it with different parts of the nuclear ecosystem.

Bear case

  • Customer concentration risk to government programs: Because Government Operations revenue is the larger portion of total revenue in the provided data, slower timing or reduced demand in government nuclear programs could pressure results.
  • Commercial operations are smaller: Commercial Operations revenue is shown as materially smaller than Government Operations revenue in the provided quarterly breakdown, which limits how much the company can offset weaker government activity using commercial demand.
Valuation — source: SEC EDGAR (first-party)
Price$156.41
Market Cap$14.33B
P/E Ratio43.8
EV / EBITDA26.3
Price / Book11.19
Price / Sales4.52
FCF Yield3.1%
DCF Value (model)$24.85
DCF Upside vs Price-84.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$3.20B
Net Margin10.3%
Revenue Growth (YoY)18.3%
EPS Growth (YoY)16.6%
FCF Growth (YoY)15.9%
Financial Health — source: SEC EDGAR
Altman Z-Score4.96 (safe)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Stock P/E43.8
Sector P/E (Industrials)25.9
Industry P/E (Machinery)32.3
vs Sector69.2%
vs Industry35.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($2.55B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorIndustrials
IndustryMachinery
CEORex D. Geveden
Employees8,700
CountryUS
IPO Date2010-08-02

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BWXT earnings history · BWXT institutional & insider holders · BWXT KPIs & operating metrics · BWXT financials · BWXT investor presentations & press releases · BWXT SEC filings · BWXT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.