---
title: BWX Technologies (BWXT) — stock overview: intrinsic value, grades and financials
canonical: https://sweetvaluelab.com/stocks/bwxt
ticker: BWXT
as_of: 2026-11-02
sector: Industrials
industry: Aerospace & Defense
---
# BWX Technologies (BWXT)

BWX Technologies (BWXT) holds a Quant grade of B (model v1, Oct 30), on a scale from S, the best, to D. It closed at $130.70 on Oct 30, 2026, overvalued by 96% vs model: DCF · Perpetuity growth · 5y puts it at $66.79 a share. The other 10 models range from $15.66 to $138.86, and the median analyst target is $187.00 from 6 firms.

In Q2 FY2026, the latest quarter on file, revenue grew 18% on a year earlier to $901.6M, with an operating margin of 10.0%. Over the twelve months to Q2 FY2026, free cash flow was $316.8M.

Among the superinvestors tracked here, Polen Capital reduced and Bridgewater reduced. Insiders sold $1.7M and made no open-market purchases over the last 90 days. The latest filing is a 10-Q/A (quarterly report (amended)), filed Aug 5.

The valuation in full, model by model: https://sweetvaluelab.com/stocks/bwxt/valuation.

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $130.70 (Oct 30, 2026) |
| Model value (from a five-year discounted cash flow) | $66.79 |
| Price vs model | overvalued by 96% vs model |
| Range of that model | $52.22 – $89.21 |
| Market value | $12.0B |
| P/E (fiscal 2025) | 36.4 |
| Net margin (fiscal 2025) | 10.3% |
| Free cash flow (fiscal 2025) | $295.3M |
| Dividend yield (trailing twelve months) | 0.81% |
| Beta | 0.74 |
| Cost of capital (WACC) | 7.74% |
| Business classification | Mature & Stable (Moderate growth (~13% recent), Moderate margins (10% net margin), Highly cyclical earnings) |

## The last eight quarters

| Quarter | Revenue | Change on a year earlier | Operating margin |
| --- | ---: | ---: | ---: |
| Q3 FY2024 | $672.0M | — | 14.4% |
| Q4 FY2024 | $746.3M | — | 12.4% |
| Q1 FY2025 | $682.3M | — | 14.2% |
| Q2 FY2025 | $764.0M | — | 13.4% |
| Q3 FY2025 | $866.3M | +28.9% | 10.6% |
| Q4 FY2025 | $885.8M | +18.7% | 8.1% |
| Q1 FY2026 | $861.1M | +26.2% | 10.0% |
| Q2 FY2026 | $901.6M | +18.0% | 10.0% |

Twelve months to Q2 FY2026, against the twelve before:

| Line | Latest | Year before |
| --- | ---: | ---: |
| Revenue | $3.5B | $2.9B |
| Operating income | $299.9M | $387.9M |
| Net income | $356.1M | $294.4M |
| Free cash flow | $316.8M | $360.3M |
| Diluted EPS | $3.88 | $3.20 |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Near 52-week lows | #20 | +2.8% | https://sweetvaluelab.com/lists/near-52-week-lows |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 0.81% |
| Dividends per share, last 12 months | $1.06 |
| Dividends / free cash flow (fiscal 2025) | 31.3% |
| Raised | 10 years in a row |
| Growth over 5 years | 5.3% a year |
| Latest payment | $0.27, ex-date Aug 18, 2026, paid Sep 4, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Aug 18, 2021 | $0.82 |
| To Aug 18, 2022 | $0.87 |
| To Aug 16, 2023 | $0.91 |
| To Aug 16, 2024 | $0.95 |
| To Aug 18, 2025 | $0.99 |
| Trailing twelve months (to Aug 18, 2026) | $1.06 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Nov 2, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $66.79 | $52.22 | $89.21 |
| DCF · Perpetuity growth · 10y | cross check | $78.86 | $62.02 | $104.79 |
| DCF · EBITDA exit · 5y | cross check | $102.78 | $97.77 | $108.08 |
| DCF · EBITDA exit · 10y | cross check | $112.24 | $102.36 | $123.14 |
| P/E · peers | cross check | $103.10 | $95.42 | $128.39 |
| P/E · own history | cross check | $138.86 | $95.58 | $190.71 |
| PEG | sanity check | $82.02 | $82.02 | $82.02 |
| EV/EBITDA · peers | cross check | $93.31 | $83.71 | $123.65 |
| EV/Revenue · peers | cross check | $60.35 | $43.94 | $126.73 |
| Earnings power value | cross check | $15.66 | $10.44 | $23.38 |
| Dividend discount | cross check | $27.18 | $18.05 | $47.78 |

## Wall Street analysts

The median of each covering firm's latest price target is $187.00, from 6 firms — the analysts' figure, quoted, and not part of the model value above. Each firm's latest target, the current grades, the grade changes and the consensus revenue and EPS estimates: https://sweetvaluelab.com/stocks/bwxt/analysts (Markdown: https://sweetvaluelab.com/stocks/bwxt/analysts.md).

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 4 open-market sales ($1.7M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 4, 2026 | Burbach Gerhard F | Director | Grant / award | 23.19 | $0 |
| Sep 4, 2026 | JASKA JAMES M | Director | Grant / award | 28.29 | $0 |
| Sep 4, 2026 | JABLONSKY DANIEL L | Director | Grant / award | 1.52 | $0 |
| Sep 4, 2026 | Krieg Kenneth J | Director | Grant / award | 36.14 | $0 |
| Sep 4, 2026 | Melvin Leland D | Director | Grant / award | 15.43 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 5, 2026 | 10-Q/A | Quarterly report (amended) | https://www.sec.gov/Archives/edgar/data/1486957/000148695726000044/bwxt-20260630.htm |
| Aug 3, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1486957/000148695726000042/bwxt_63026x10qdocument.htm |
| Aug 3, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1486957/000148695726000041/bwxt_63026x8k.htm |
| May 5, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1486957/000148695726000031/bwxt-20260430.htm |
| May 4, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1486957/000148695726000028/bwxt-20260331.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Polen Capital | 2026-06-30 | 36,974 | $7.2M |
| Bridgewater | 2026-06-30 | 16,446 | $3.2M |
| Torray | 2026-09-30 | 16,585 | $2.3M |

3 tracked managers in all.

## About

BWX Technologies, Inc. operates globally, specializing in the production and sale of nuclear components across the United States, Canada, and other international regions. The company's multifaceted operations are categorized into three distinct segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group is a pivotal supplier of precision naval and critical nuclear components, including reactors, nuclear fuel, and assemblies, primarily supporting the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program. This segment also fabricates missile launch tubes for U.S. Navy submarines, produces specialized close-tolerance equipment for various nuclear applications, and is involved in converting Cold War-era stockpiles of high-enriched uranium. Its responsibilities further extend to the…

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Source: https://sweetvaluelab.com/stocks/bwxt (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.