Reading the tape
NYSE: BWXT
BWX Technologies, Inc.
Industrials · Aerospace & Defense
Market Cap
$18.83B
52w High
$241.82
52w Low
$102.42
P/E
54.67
Volume
1.23M
Outstanding Shares
91.61M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
1Y Price: 85.6%Revenue (TTM): 21.37%FCF (TTM): 21.76%P/FCF: 68th pct
What changed
The stock rose 85.6% over the last year. Revenue grew 21.37% over the trailing twelve months. Operating margin moved from 13.81% to 11.04%. Free cash flow grew 21.76% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (68th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 11.04% — continued expansion would be needed to justify the premium. Revenue growth of 21.37% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
BWX Technologies, Inc. manufactures and sells nuclear components in the United States, Canada, and internationally.
CEORex D. Geveden
SectorIndustrials
IndustryAerospace & Defense
Employees8,700
IPO dateAug 2, 2010
Valuation
Forward P/E—
EV/EBITDA31.44
Enterprise value$17.34B
Stock splits
Jul 1, 2015↑ Forward
Every 500 shares became 699
Profitability & growth
Revenue growth26.08%
Gross margin16.77%▼5.62%vs FY2024
Operating margin11.04%▼28.21%vs FY2024
ROE26.75%▲2.54%vs FY2024
Analyst consensus
RatingBuy
Target price$205.00▼0.27%
9
Buy
6
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 3, 2026
Q3 FY26 · EPS est $1.10 · Revenue est $906.45M
View
Dividends
$1.04/shareQuarterlyDividend Achiever · 12yrEx-div May 19, 2026 · in 14dSafeBWXT pays a dividend with a 0.51% declared yield, 12 consecutive years of growth, growing at 5.39% annually, covered 3.2× by free cash flow.
Declared Yield
0.51%
Annual Div / Share
$1.04
5yr CAGR
+5.39%
Doubles every ~13.2yr
Payout Ratio
27.44%
Safe
Dividend Growth Rate
3yr CAGR
+4.94%
5yr CAGR
+5.39%
10yr CAGR
+13.24%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$1.04+6.1%
2025$0.98+4.3%
2024$0.94+4.4%
2023$0.90+4.7%
2022$0.86+7.5%
2021$0.80+11.1%
2020$0.72+9.1%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$5/yr
$0/mo
In 5 yrs
$7/yr+30%
$1/mo
In 10 yrs
$9/yr+69%
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$5/yr $0/mo | $7/yr+30% $1/mo | $9/yr+69% $1/mo |
Yield-on-cost grows from 0.51% → 0.86% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
BWXT has raised its dividend for 12 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 3.2× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 5.39% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.