BWX Technologies (BWXT) AI Stock Analysis

• Market Cap: $10.92B
• Dividend Yield: 0.81%
• Average Volume (3M): 786.84K
• Price to Earnings (P/E): 38.0
• Beta (1Y): 0.92
• Revenue Growth: 9.87%
• EPS Growth: 14.16%
• Country: US
• Employees: 8,700
• Sector: Industrials
• Sector Strength: 92
• Industry: Aerospace & Defense
• EPS (TTM): 0.91
• Shares Outstanding: 91,360,725
• 10 Day Avg. Volume: 796,353
• 30 Day Avg. Volume: 786,844
• PEG Ratio: 15.16
• Price to Book (P/B): 9.02
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 36.74
• Enterprise Value/Market Cap: 1.02
• Enterprise Value/Revenue: 1.03
• Enterprise Value/Gross Profit: 9.34
• Enterprise Value/Ebitda: 6.07
• 1Y Price Target: $128.50
• Price Target Upside: 7.54% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 79 Outperform
• Price Target: $137.00 ▲( 14.65% Upside)

BWX Technologies receives a strong score driven by robust financial performance and a positive outlook highlighted in the recent earnings call. While technical indicators show positive momentum, the high P/E ratio suggests potential overvaluation. The company's strategic expansions and governance support contribute positively to the score.

Positive Factors

Acquisitions and Growth

The acquisitions of A.O.T and Kinetrics aim to unlock further growth opportunities and enhance BWXT's special materials and nuclear medicine portfolios.

Earnings and Financial Performance

1Q25 revenue and EBITDA exceeded expectations, but BWXT expects a q/q decline in revenue & EBITDA in 2Q25.

Market Position and Demand

BWXT is uniquely positioned to the US Navy build up as well as the increasing need for energy and power worldwide.

Negative Factors

Backlog Concerns

BWXT ended 1Q25 with a backlog of $4,878.7M, up 34.2% y/y and 0.7% q/q, below our $6,303.8M estimate.

Cost and Margin Pressures

BWXT maintained most 2025 guidance including revenue, EBITDA, and FCF, but expects margins in the commercial operations business segment to be at the lower end of the 2025 guidance range.

BWX Technologies Business Overview & Revenue Model

Company Description

BWX Technologies (BWXT) is a leading supplier of nuclear components and fuel to the U.S. government. The company operates primarily in the defense and nuclear power sectors, providing engineering, manufacturing, and management services. BWXT is known for its expertise in designing, engineering, and manufacturing nuclear reactors and related components, and it plays a crucial role in the maintenance and support of the U.S. Navy's nuclear-powered fleet.

How the Company Makes Money

BWXT generates revenue through multiple streams. A significant portion of its income comes from government contracts, particularly with the U.S. Department of Defense and the Department of Energy. These contracts involve the supply of nuclear components and services, including the production of naval nuclear reactors and nuclear fuel. BWXT also earns revenue from its commercial nuclear services, which include the design and supply of nuclear power generation systems and components to various clients. Additionally, the company engages in nuclear materials management and environmental site restoration, further diversifying its income sources. Strategic partnerships and long-term contracts with government entities are critical factors contributing to BWXT's financial performance.

BWX Technologies Financial Statement Overview

Summary

BWX Technologies presents a solid financial outlook with strong revenue growth and stable profitability margins. The company's balance sheet is healthy, marked by consistent equity growth and manageable debt levels. Cash flow from operations is robust, supporting capital investments and enhancing financial flexibility. Overall, BWXT is well-positioned within the Aerospace & Defense sector, though attention should be paid to debt trends and capital expenditures.

Income Statement

BWX Technologies shows a strong revenue growth trend from 2019 to 2024, with a significant boost in gross profit margin from 2019 to 2024. Key profitability margins, such as EBIT and EBITDA, remain robust, indicating efficient operations. However, a slight dip in net profit margin from 2021 is noted.

Balance Sheet

The company's balance sheet reflects a solid equity position with consistent growth in stockholders' equity. The debt-to-equity ratio shows moderate leverage, which is typical for the industry, but the increasing trend in total debt warrants monitoring. The equity ratio indicates a stable asset base supported by equity.

Cash Flow

BWX Technologies demonstrates strong operating cash flows with substantial growth in free cash flow over recent years. The free cash flow to net income ratio indicates efficient conversion of income into cash, although capital expenditures remain high, impacting net cash flow.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.78B	2.70B	2.50B	2.23B	2.12B	2.12B
	Gross Profit
1.19B	655.21M	620.59M	551.93M	550.28M	575.40M
	EBIT
372.75M	380.61M	383.06M	348.57M	345.85M	358.55M
	EBITDA
439.74M	474.06M	447.00M	386.01M	470.85M	422.34M
	Net Income Common Stockholders
289.00M	281.94M	245.85M	238.19M	305.87M	278.67M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
0.00	74.11M	78.62M	39.05M	37.70M	46.32M
	Total Assets
0.00	2.87B	2.75B	2.62B	2.50B	2.29B
	Total Debt
1.20B	1.06B	1.23B	1.29B	1.19B	951.42M
	Net Debt
1.20B	981.36M	1.15B	1.25B	1.16B	908.82M
	Total Liabilities
1.95B	1.79B	1.81B	1.87B	1.86B	1.68B
	Stockholders Equity
1.10B	1.08B	933.35M	748.31M	637.17M	617.77M
Cash Flow		Free Cash Flow
269.46M	254.78M	212.41M	46.39M	74.97M	-58.59M
	Operating Cash Flow
426.05M	408.43M	363.70M	244.70M	386.03M	196.44M
	Investing Cash Flow
-280.59M	-154.56M	-155.64M	-256.24M	-304.65M	-265.32M
	Financing Cash Flow
-135.84M	-252.78M	-169.37M	13.95M	-90.14M	25.05M

BWX Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 119.49
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BWXT, the sentiment is Positive. The current price of 119.49 is above the 20-day moving average (MA) of 109.28, above the 50-day MA of 104.14, and above the 200-day MA of 110.16, indicating a bullish trend. The MACD of 1.98 indicates Negative momentum. The RSI at 72.07 is Negative, neither overbought nor oversold. The STOCH value of 55.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BWXT.

BWX Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BWXT	79 Outperform	$10.92B	37.99	28.24%	0.81%	9.87%	14.16%
AIR	71 Outperform	$2.16B	246.75	-1.08%	―	21.07%	-120.95%
KTOS	71 Outperform	$5.53B	285.11	1.45%	―	7.32%	―
DRS	71 Outperform	$10.92B	47.07	9.50%	0.22%	13.58%	25.96%
HII	71 Outperform	$8.82B	16.20	12.27%	2.36%	-1.04%	-21.80%
SARO	68 Neutral	$9.42B	133.65		―	16.92%	―
Sector *	64 Neutral	$4.39B	11.81	5.20%	249.39%	3.96%	-12.36%

BWX Technologies Corporate Events

BWX Technologies Announces New Interim CFO Appointment

On May 12, 2025, BWX Technologies announced the resignation of Robb A. LeMasters as CFO, with his decision unrelated to any company disagreements or financial issues. He will remain as a Special Advisor to the CEO until March 2026. Michael T. Fitzgerald, previously Vice President, Finance and Chief Accounting Officer, has been appointed as the interim CFO. Fitzgerald’s appointment is expected to support BWXT’s growth strategy and operational excellence, with his extensive corporate experience and financial understanding ensuring a smooth transition.

The most recent analyst rating on (BWXT) stock is a Buy with a $138.00 price target. To see the full list of analyst forecasts on BWX Technologies stock, see the BWXT Stock Forecast page.

BWX Technologies Grants CEO $5.5M Stock Incentive

On May 7, 2025, BWX Technologies‘ Board of Directors approved a special grant of performance restricted stock units and non-qualified performance stock options to CEO Rex D. Geveden, valued at $5.5 million, to incentivize long-term shareholder value creation. The awards, which will vest on December 31, 2027, are contingent on achieving specific revenue, EBITDA margin, and shareholder return targets, reflecting the company’s commitment to aligning executive compensation with performance metrics.

BWX Technologies Shareholders Approve Key Governance Measures

At the Annual Meeting on May 2, 2025, BWX Technologies‘ stockholders voted on four key matters. The election of nine directors for a one-year term was approved, along with the advisory vote on executive compensation and the ratification of Deloitte & Touche LLP as the independent auditor. An amendment to limit officer liability under Delaware law also passed, indicating strong shareholder support for the company’s governance and operational strategies.