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BWX Technologies BWXT Contracts in progress

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Other financials

Income statement

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Revenue$860.2M+26.1%
Gross profit$197.4M+19.5%
Operating income$106.7M+10.4%
Net income$91.1M+20.7%
EPS (diluted)$0.99+20.7%

Balance sheet

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Cash & equivalents$520.3M+740%
Total debt$2.0B+68.5%
Total equity$1.3B+16.4%
Total assets$4.3B+41.6%

Cash flow

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Operating cash flow$92.6M+82.8%
CapEx$42.5M+27.4%
Free cash flow$50.1M+190%

Valuation

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Market cap$15.57B-5.0%
Enterprise value$17.06B-4.5%
P/E45.2×-10.5×
P/S4.6×-1.1×

Profitability

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Gross margin22.7%-1.5pp
Operating margin12.3%-1.5pp
Net margin10.2%-0.2pp
FCF margin9.7%-0.2pp

Returns & leverage

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Return on equity28.9%+0.7pp
Debt / equity1.6×+0.5×
Current ratio2.4×+0.4×

Where this comes from

Reported directly by BWX Technologies in its filing.

Tagged under the XBRL concept bwxt:CostInExcessOfBillingsCurrent1.

The source filing: BWX Technologies’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:40 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001486957-26-000028
Line itemMarch 31,2026December 31,2025
Accounts receivable – trade, net185,223220,391
Accounts receivable – other67,19467,858
Retainages77,54246,311
Contracts in progress668,611610,315
Inventories45,59846,537
Other current assets56,64866,078
Total Current Assets1,616,3761,560,354
Property, Plant and Equipment, Net1,596,1101,585,136

Item 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is BWX Technologies's contracts in progress?
BWX Technologies (BWXT) reported contracts in progress of $668.61M in Q1 2026.
How has BWX Technologies's contracts in progress changed year-over-year?
BWX Technologies's contracts in progress increased by 4.5% year-over-year, from $639.65M to $668.61M.
What is the long-term trend for BWX Technologies's contracts in progress?
Over 5 years (2020 to 2025), BWX Technologies's contracts in progress has grown at a 6.3% compound annual growth rate (CAGR), from $449.18M to $610.32M.
What does contracts in progress mean?
Also known as unbilled receivables, this represents revenue recognized on long-term contracts that has not yet been invoiced to the customer. It occurs when work is performed ahead of the contractual billing schedule. This is a critical metric for companies with long-cycle manufacturing projects, indicating future cash inflows.

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