BWXTHIGH SIGNALFINANCIAL10-K

BWXT experienced explosive growth with revenue increasing 303% to $1.7B and cash position surging 574% to $499.8M, indicating either a major acquisition or significant business expansion.

The massive scale of growth across all key metrics suggests BWXT has either completed a transformational acquisition or secured major new contracts that fundamentally changed the company's size and scope. The proportional growth in both revenue and profitability (net income up 301%) indicates the expansion was accretive and well-executed, though the 70% increase in total liabilities warrants monitoring for integration risks or debt-financed growth.

Comparing 2026-02-23 vs 2025-02-24View on EDGAR →
FINANCIAL ANALYSIS

BWXT delivered extraordinary financial performance with revenue growing 303% to $1.7B while maintaining strong profitability margins as net income increased 301% to $328.9M. The company's cash position exploded 574% to $499.8M and total assets grew 49% to $4.3B, though total liabilities also increased substantially by 70% to $3.0B. The scale and consistency of growth across all major financial metrics suggests a transformational event like a major acquisition that has fundamentally expanded BWXT's business profile while preserving operational efficiency.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
+574.4%
$74.1M$499.8M

Cash position surged 574.4% — strong cash generation or capital raise providing significant financial cushion.

Revenue
P&L
+302.5%
$419.4M$1.7B

Strong top-line growth of 302.5% — accelerating demand or successful expansion into new markets.

Net Income
P&L
+300.6%
$82.1M$328.9M

Net income grew 300.6% — bottom-line growth signals improving overall business health.

Operating Income
P&L
+256.8%
$113.3M$404.5M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Accounts Receivable
Balance Sheet
+122.4%
$99.1M$220.4M

Receivables surged 122.4% — revenue recognized but not yet collected; watch for collection issues or channel stuffing.

R&D Expense
P&L
+85.4%
$7.5M$13.9M

R&D investment increased 85.4% — signals commitment to future product development, though near-term margin impact.

Total Liabilities
Balance Sheet
+69.8%
$1.8B$3.0B

Liabilities grew 69.8% — significant increase in debt or obligations, assess impact on financial flexibility.

Current Assets
Balance Sheet
+67.8%
$930.0M$1.6B

Current assets grew 67.8% — improving short-term liquidity or inventory/receivables build.

Share Buybacks
Cash Flow
+50%
$20.0M$30.0M

Share repurchases increased 50% — management returning capital, signals confidence in intrinsic value.

Total Assets
Balance Sheet
+48.8%
$2.9B$4.3B

Asset base grew 48.8% — expansion through organic growth, acquisitions, or capital deployment.

LANGUAGE CHANGES
NEW — 2026-02-23
PRIOR — 2025-02-24
ADDED
Department of Energy ("DOE")/National Nuclear Security Administration's ("NNSA") Naval Nuclear Propulsion Program and we have over 100 years of experience in supplying components for defense applications.
We also downblend Cold War-era government stockpiles of high-enriched uranium, develop capabilities related to the manufacture of high-purity depleted uranium and manufacture other advanced materials and products for commercial, military and space applications.
and Canadian governments by managing and operating high-consequence operations at U.S.
Department of War ("DoW"), also known as the Department of Defense, and the DOE.
We supply large, heavy components to the worldwide nuclear industry and are the only commercial heavy nuclear component manufacturer in North America.
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REMOVED
Department of Energy ("DOE")/National Nuclear Security Administration's ("NNSA") Naval Nuclear Propulsion Program.
We also downblend Cold War-era government stockpiles of high-enriched uranium.
In addition, we have over 100 years of experience in supplying components for defense applications.
Government by managing and operating high-consequence operations at U.S.
We have supplied the nuclear industry with more than 1,300 large, heavy components worldwide and are the only commercial heavy nuclear component manufacturer in North America.
+7 more — sign up free →
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