Filing Flows › BWX Technologies (BWXT) › Q3 2025
BWX Technologies (BWXT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
BWX Technologies (BWXT) reported revenue of $866M for the third quarter 2025 (Q3 2025), +29% from a year earlier and +13% from the quarter before. Operating margin was 13.1%, net earnings $82.2M (9.5% of revenue).
BWX Technologies, Q3 2025: revenue $866M (+29% year over year), operating margin 13.1%, net earnings $82.2M, operating cash flow $143M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $866M | +13% | +29% |
| Operating profit | $113M | +11% | +17% |
| Net earnings | $82.2M | +5% | +18% |
| Operating cash flow | $143M | -10% | +339% |
| Free cash flow | $94.9M | — | — |
What changed
Revenue was $866.3M in Q3 2025, up 29% year over year and up 13% from the previous quarter.
Operating profit was $113.3M, a 13.1% margin (down 1.3 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, below the 14% margin then. Total costs grew 31% against revenue growth of 29%. Net earnings were $82.1M, up 18% year over year. The effective tax rate was 23.6%.
Operating cash flow was $143.2M (up 339% year over year), 174% of net earnings. Non-cash charges added back $28.5M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items added $25.5M. After purchases of Property, Plant and Equipment ($48.3M), free cash flow as the company reports it was $94.9M.
Questions
What was BWX Technologies' revenue in the third quarter 2025?
BWX Technologies (BWXT) reported revenue of $866M for the third quarter 2025 (Q3 2025), +29% from a year earlier and +13% from the quarter before.
Was BWX Technologies profitable in the third quarter 2025?
Operating profit was $113M (13.1% of revenue) and net earnings $82.2M.
Source: BWX Technologies 10-Q on SEC EDGAR.