Income StatementBalance SheetCash FlowSegments
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BWX Technologies Cash Flow Statement

Operating, investing, and financing cash movements

BWX Technologies generated $521.8M in operating cash flow over the trailing twelve months. After $193.7M in capital expenditures, free cash flow was $328.1M. Free cash flow increased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$521.8MNet Cash From Investing (TTM)-$632.7MNet Cash From Financing (TTM)$620.9MCapital Expenditures (TTM)$193.7MDepreciation And Amortization Cf (TTM)$114.3MNet Change In Cash (TTM)$458.4M
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$18.3B
P/E Ratio52.99
ROE28.95%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$0.0$103.3M$434.8M——$0.0
Capital expenditures$52.5M$33.4M$32.7M$48.3M$70.2M$42.5M
Payment for (Proceeds from) Other Investing Activity$920.0K-$4.9M———-$406.0K
Payments To (Proceeds) From Equity Method Investments, Net Of Return Of Capital$197.0K$26.4M$6.6M——$4.8M
Proceeds from disposition of marketable securities and other investments$0.0$1.9M$1.5M$0.0$1.0K$0.0
Net cash from investing activities-$53.6M-$156.4M-$473.1M-$44.4M-$68.2M-$46.9M
Other investing activities$920.0K-$4.9M———-$406.0K
Proceeds from maturities/sales of investments$0.0$1.9M$1.5M$0.0$1.0K$0.0

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net proceeds (payments) from derivative instrument financing activities-$16.6M-$8.4M——-$5.5M-$8.3M
Proceeds from convertible debt$0.0$312.5M$312.5M$312.5M$312.5M—
Proceeds from issuance of debt$59.2M$204.5M$553.9M$113.2M$158.4M$0.0
Repayments of debt$235.8M$62.6M$222.0M$136.3M$859.0M$0.0
Dividends paid$22.0M$23.7M$23.1M$22.9M$22.8M$25.8M
Payments for capped called transactions$0.0———$131.9M—
Other, net-$616.0K$1.0M—$1.2M$28.0K$2.6M
Repayments of Debt$0.0$3.1M$3.1M$3.1M$3.1M—
Net Cash from Derivative Financing Activities-$16.6M-$8.4M——-$5.5M-$8.3M
Cash Flows from Financing Derivatives-$16.6M-$8.4M——-$5.5M-$8.3M
Payment of Deferred Purchase Consideration-$616.0K$1.0M—$1.2M$28.0K$2.6M
Noncontrolling interest transactions and other-$616.0K$1.0M—$1.2M$28.0K$2.6M
Net cash from financing activities-$182.9M$84.8M$301.0M$0.0$354.0M-$34.2M
Other financing activities-$616.0K$1.0M—$1.2M$28.0K$2.6M
Noncontrolling Interests Activity and Other-$616.0K$1.0M—$1.2M$28.0K$2.6M
Repurchases of common stock—$30.0M———$0.0
Taxes paid for net share settlement$326.0K$12.9M$0.0$517.0K$224.0K$19.3M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures incurred but not yet paid$2.4M$10.5M$5.1M$4.9M—$14.6M
Income taxes paid$2.0M$10.0M$1.8M$16.3M$19.7M$1.9M
Interest paid$24.1M$5.3M$24.7M$12.2M$22.9M$381.0K
Capital expenditures incurred but not yet paid$2.4M$10.5M$5.1M$4.9M—$14.6M
Capital Expenditures Incurred but Not Yet Paid$2.4M$10.5M$5.1M$4.9M—$14.6M
Income Taxes Paid, Net$2.0M$10.0M$1.8M$16.3M$19.7M$1.9M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable—$5.3M$1.5M$25.2M-$55.6M$79.5M
Change in accrued liabilities—$9.4M$10.0M$8.7M—$8.4M
Change in income taxes payable/receivable—$6.4M$16.1M$21.4M-$73.6M$13.3M
Other working capital changes—-$1.1M-$8.3M$12.3M-$16.3M$1.3M
Change in receivables$17.3M-$19.4M$19.9M$29.6M$50.6M-$27.3M
Depreciation and amortization$22.4M$23.9M$27.3M$28.5M$29.6M$29.0M
Distributions from equity method investments$820.0K-$1.8M$4.5M$3.0M-$24.9M$3.3M
Gain (Loss) on Sale of Assets and Asset Impairment Charges-$4.4M$4.4M-$13.0K-$1.0K$555.0K-$125.0K
Net cash from operating activities$276.9M$50.7M$159.0M$143.2M$127.0M$92.6M
Net income$71.1M$75.5M$78.5M$82.2M$93.7M$91.2M
Income Loss From Equity Method Investments Net Of Dividends Or Distributions$820.0K-$1.8M$4.5M$3.0M-$24.9M$3.3M
Increase Decrease Contracts In Progress And Advance Billings On Contracts—$26.2M-$34.0M-$13.6M-$112.3M$93.0M
Increase (Decrease) in Accounts and Other Receivables$17.3M-$19.4M$19.9M$29.6M$50.6M-$27.3M
Increase (Decrease) in Deposit Assets-$58.6M$11.7M—$27.2M—$31.2M
Accrued liabilities—$9.4M$10.0M$8.7M—$8.4M
Increase Decrease In Pension Postretirement And Accrued Employee Benefits-$21.1M$38.8M———$47.2M
Recognition Of Gains Losses For Pension And Postretirement Plans-$11.7M-$797.0K-$830.0K-$815.0K$8.4M-$979.0K
Stock-based compensation$6.8M$5.0M$8.7M$7.0M$5.4M$10.2M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$224.4M$17.3M$126.3M$94.9M$56.8M$50.1M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$1.7M$2.3M-$4.8M-$9.7M—$1.7M
Net increase (decrease) in cash—-$18.6M-$17.8M$42.8M$420.3M$13.1M
Proceeds From Issuance Of Other Long Term Debt$114.0M$257.5M$257.5M$257.5M$257.5M—