BWX Technologies

BWXT Q4 2025 Earnings

Reported Feb 23, 2026 at 5:04 PM ET · SEC Source

Q4 25 EPS

$1.08

BEAT +22.17%

Est. $0.88

Q4 25 Revenue

$885.8M

BEAT +5.78%

Est. $837.5M

vs S&P Since Q4 25

-13.8%

TRAILING MARKET

BWXT -5.1% vs S&P +8.6%

Full Year 2025 Results

FY 25 EPS

$4.01

FY 25 Revenue

$3.20B

Market Reaction

Did BWXT Beat Earnings? Q4 2025 Results

BWX Technologies closed out a record fiscal 2025 on a strong note, posting Q4 earnings per share of $1.08 on revenue of $885.84 million, capping a year management called "monumental" as the company marked its tenth anniversary as a standalone public … Read more BWX Technologies closed out a record fiscal 2025 on a strong note, posting Q4 earnings per share of $1.08 on revenue of $885.84 million, capping a year management called "monumental" as the company marked its tenth anniversary as a standalone public company. The most consequential driver of the quarter's results was a 19% year-over-year surge in consolidated Q4 revenue, powered by Commercial Operations nearly doubling on higher field services, fuel, and components activity, along with contributions from the newly acquired Kinectrics business. Full-year revenue climbed 18% to $3.20 billion, while total backlog swelled 50% to $7.26 billion on the strength of large multi-year naval propulsion and commercial nuclear awards, a sharp contrast to peers across the energy sector struggling to meet expectations. The company also raised its quarterly dividend to $0.27 per share. Looking ahead, BWXT guided for 2026 revenue of approximately $3.75 billion and non-GAAP EPS of $4.55 to $4.70, citing exceptionally strong demand at the intersection of national security and commercial nuclear power markets.

Key Takeaways

  • 50% backlog growth driven by large multi-year naval propulsion, special materials, and commercial nuclear power awards
  • Two acquisitions (A.O.T. and Kinectrics) expanded service and product offerings
  • Strong Commercial Operations growth driven by higher field services, fuel, components and medical sales
  • Higher special materials processing and naval nuclear component production in Government Operations
  • Working capital management and timing of advanced billings on new awards improved cash flows
24/7 Wall St

BWXT YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

BWXT Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We delivered a strong fourth quarter, and a record year for BWXT. In our tenth year as a standalone public company, 2025 was monumental for BWXT as we expanded our service and product offerings with two acquisitions and captured significant high-value awards across both Government and Commercial segments, driving 50% backlog growth.”

— Rex D. Geveden, Q4 2025 Earnings Press Release