Companies /Industrials

BWX Technologies Inc

NYSE: BWXT Aerospace & Defense
$158.78
â–² $6.49 (+4.26%) today
Markets open · 2:01pm ET

Q4 2025 Earnings

Reported Feb 23, 2026, 5:04pm ET · SEC source
$1.08
Beat +22.17%
EPS · est. $0.88
$885.8M
Beat +5.78%
Revenue · est. $837.5M
+6.6%
Beating market
BWXT vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%−3%0+3%Feb 23Feb 24report 5:04pm ETearnings+0.6%−2.9%
−6%−3%0+3%Feb 23Feb 24earnings+0.6%−2.9%
BWXT −2.9%S&P 500 +0.6%
−6%−3%0+3%Feb 23Feb 24report 5:04pm ETearnings+1.0%−2.9%
−6%−3%0+3%Feb 23Feb 24earnings+1.0%−2.9%
BWXT −2.9%NASDAQ +1.0%
−3%0+3%Feb 23Mar 3report 5:04pm ETearnings−0.5%−1.0%
−3%0+3%Feb 23Mar 3earnings−0.5%−1.0%
BWXT −1.0%S&P 500 −0.5%
−3%0+3%Feb 23Mar 3report 5:04pm ETearnings−0.2%−1.0%
−3%0+3%Feb 23Mar 3earnings−0.2%−1.0%
BWXT −1.0%NASDAQ −0.2%
+2.95%
Day of report
+1.98%
Next session
+0.78%
One week
+0.42%
30 days

S&P 500 over the same 30 days: −6.15%.

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 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 <a href="https://247wallst.com/investing/2026/02/27/terawulf-misses-big-on-q4-earnings-and-revenue/">struggling to meet expectations</a>. 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

“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.”

BWX Technologies CEO, on the earnings call

Forward Guidance & Outlook

BWXT initiated fiscal year 2026 guidance calling for revenue of approximately $3,750 million, non-GAAP EPS of $4.55-$4.70, adjusted EBITDA of $645-$660 million, and free cash flow of $305-$320 million. Management expects robust growth across all key financial metrics, driven by exceptionally strong demand in both national security and commercial nuclear power markets. The company is making targeted investments to expand industrial scale and technical capabilities.

BWXT YoY Financials

Revenue$885.8M
Operating Income$92.1M
Net Income$93.7M

BWXT Revenue by Segment

Government Operations$589.1M−1.0%
Commercial Operations$297.7M+95.0%

Figures from SEC filings and company reports. Not investment advice.