BWXT Q4 2025 Earnings
Reported Feb 23, 2026 at 5:04 PM ET · SEC Source
Q4 25 EPS
$1.08
Q4 25 Revenue
$885.8M
vs S&P Since Q4 25
-4.9%
TRAILING MARKET
BWXT -0.1% vs S&P +4.8%
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
BWXT 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
Q4 2025 vs Q4 2024, source: SEC Filings
BWXT Revenue by Segment
With YoY comparisons, source: SEC Filings
“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
BWXT Earnings Trends
BWXT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BWXT EPS Trend
Earnings per share: estimate vs actual
BWXT Revenue Trend
Quarterly revenue: estimate vs actual
BWXT Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 FY | — | $1.08 | — | $885.8M | — |
| FY Full Year | — | $4.01 | — | $3.20B | — |
| Q3 25 BEAT | $0.86 | $1.00 | +16.55% | $866.3M | +8.75% |
| Q2 25 BEAT | $0.79 | $1.02 | +28.67% | $764.0M | +7.49% |
| Q1 25 BEAT | $0.76 | $0.91 | +19.03% | $682.3M | +5.62% |