Filing Flows › BWX Technologies (BWXT) › Q4 2025
BWX Technologies (BWXT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 23, 2026
BWX Technologies (BWXT) reported revenue of $886M for the fourth quarter 2025 (Q4 2025), +19% from a year earlier and +2% from the quarter before. Operating margin was 10.4%, net earnings $93.7M (10.6% of revenue).
BWX Technologies, Q4 2025: revenue $886M (+19% year over year), operating margin 10.4%, net earnings $93.7M, operating cash flow $127M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $886M | +2% | +19% |
| Operating profit | $92.1M | -19% | -0.2% |
| Net earnings | $93.7M | +14% | +32% |
| Operating cash flow | $127M | -11% | -54% |
| Free cash flow | $56.8M | — | -75% |
What changed
Revenue was $885.8M in Q4 2025, up 19% year over year and up 2% from the previous quarter.
Operating profit was $92.1M, a 10.4% margin (down 2.0 points year over year). Operating profit fell $206K even though revenue rose $139.6M versus a year earlier, so costs grew faster than sales. Total costs grew 21% against revenue growth of 19%. Net earnings were $93.0M, up 31% year over year. The effective tax rate was 7.2%.
Operating cash flow was $127.0M (down 54% year over year), 136% of net earnings. Non-cash charges added back $29.6M of depreciation and amortization and $5.4M of share-based compensation. After purchases of Property, Plant and Equipment ($70.2M), free cash flow as the company reports it was $56.8M.
Questions
What was BWX Technologies' revenue in the fourth quarter 2025?
BWX Technologies (BWXT) reported revenue of $886M for the fourth quarter 2025 (Q4 2025), +19% from a year earlier and +2% from the quarter before.
Was BWX Technologies profitable in the fourth quarter 2025?
Operating profit was $92.1M (10.4% of revenue) and net earnings $93.7M.
Source: BWX Technologies 10-K on SEC EDGAR.