BWX Technologies, Inc. (BWXT)

NYSE · Common Stock · Engines & Turbines

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

15 entities across 2 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-23 — see the exhibit.

Which other public companies file entities in the same places:

Subsidiaries of BWX Technologies, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
BWXT Advanced Technologies LLC	Delaware
BWXT Canada Holdings Corp.	Canada
BWXT Canada Ltd.	Canada
BWXT Commercial Group, Inc.	Delaware
BWXT Foreign Holdings, LLC	Canada
BWXT Government Group, Inc.	Delaware
BWXT Investment Company	Delaware
BWXT Medical Ltd.	Canada
BWXT Nuclear Energy Canada Inc.	Canada
BWXT Nuclear Energy, Inc.	Delaware
BWXT Nuclear Operations Group, Inc.	Delaware
BWXT Technical Services Group, Inc.	Delaware
NFS Holdings, Inc.	Delaware
NOG-Erwin Holdings, Inc.	Delaware
Nuclear Fuel Services, Inc.	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 8

PASSReturn on assets positiveROA 7.7%
PASSOperating cash flow positiveOCF 480M
FAILReturn on assets improving9.8% → 7.7%
PASSCash flow exceeds earningsOCF 480M vs NI 329M
FAILLong-term debt ratio falling36.3% → 47.2% of assets
PASSCurrent ratio improving1.96 → 2.32
PASSNo share dilution92M → 92M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.94× → 0.75×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$2.1B	$278.7M	−$58.6M	—	95,726,497
FY2021	$2.1B	$305.9M	$75.0M	—	94,518,422
FY2022	$2.2B	$238.2M	$46.4M	—	91,702,111
FY2023	$2.5B	$245.8M	$212.4M	—	91,874,537
FY2024	$2.7B	$281.9M	$254.8M	—	91,859,732
FY2025	$3.2B	$328.9M	$295.3M	—	91,856,013

Ownership flow

14 institutions tracked — 8 added, 6 reduced, 1 sold out. Active managers added 209,186 shares while index money cut 246,059.

Institutional holders of BWX Technologies, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	12,123,786	−363,720	$2.4B
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	844,526	+232,409	$164.4M
MORGAN STANLEY	Active fund	793,339	−184,495	$154.4M
CITADEL ADVISORS LLC	Hedge fund	298,300	+124,203	$58.1M
JPMORGAN CHASE & CO	Active fund	2,654,239	+81,428	$503.1M
ARK Investment Management LLC	Active fund	549,881	−72,665	$107.0M
Capital World Investors	Active fund	640,319	+70,904	$124.6M
GEODE CAPITAL MANAGEMENT, LLC	Index	1,860,802	+67,236	$362.3M
FMR LLC	Active fund	759,071	−61,423	$147.8M
STATE STREET CORP	Index	3,799,375	+50,425	$739.5M
Point72 Asset Management, L.P.	Hedge fund	29,300	−33,300	$5.7M
BANK OF AMERICA CORP /DE/	Active fund	1,037,863	+32,242	$202.0M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	214,842	+25,875	$41.8M
Bridgewater Associates, LP	Hedge fund	16,446	−5,992	$3.2M

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Dividend per share

2026Q1: $0.27
2025Q3: $0.25
2025Q2: $0.25
2025Q1: $0.25
2024Q3: $0.24
2024Q2: $0.24

Shares repurchased

2026Q1: $0
2025Q1: $30.0M
2024Q1: $20.0M
2023Q1: $0
2022Q1: $20.0M
2021Q1: $20.0M

Identity

CIK: 0001486957
LEI: 549300RH0Y25MFJV4S98
FIGI: BBG000D86F25
SIC: 3510 · Engines & Turbines
Incorporated: DE
Headquarters: LYNCHBURG, VA

Ownership

Institutional: 94.7%
Institutions: 1,055
Insiders: 0.4%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other engines & turbines companies

BWX Technologies, Inc. files under SIC 3510 — all 3 engines & turbines companies compared on assets and F-score.

CUMMINS INCCMI BRUNSWICK CORPBC

Questions about BWX Technologies, Inc.

How many subsidiaries does BWX Technologies, Inc. file with the SEC?: 15, listed in its most recent exhibit 21. They are incorporated across 2 jurisdictions (Delaware, Canada). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is BWX Technologies, Inc. financially healthy?: BWX Technologies, Inc. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of BWX Technologies, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), STATE STREET CORP (adding), JPMORGAN CHASE & CO (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

15 entities across 2 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-23 — see the exhibit.

Which other public companies file entities in the same places:

Delaware10 Canada5

Entity

Jurisdiction

Note

BWXT Advanced Technologies LLC

Delaware

BWXT Canada Holdings Corp.

Canada

BWXT Canada Ltd.

Canada

BWXT Commercial Group, Inc.

Delaware

BWXT Foreign Holdings, LLC

Canada

BWXT Government Group, Inc.

Delaware

BWXT Investment Company

Delaware

BWXT Medical Ltd.

Canada

BWXT Nuclear Energy Canada Inc.

Canada

BWXT Nuclear Energy, Inc.

Delaware

BWXT Nuclear Operations Group, Inc.

Delaware

BWXT Technical Services Group, Inc.

Delaware

NFS Holdings, Inc.

Delaware

NOG-Erwin Holdings, Inc.

Delaware

Nuclear Fuel Services, Inc.

Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 8

PASSReturn on assets positiveROA 7.7%
PASSOperating cash flow positiveOCF 480M
FAILReturn on assets improving9.8% → 7.7%
PASSCash flow exceeds earningsOCF 480M vs NI 329M
FAILLong-term debt ratio falling36.3% → 47.2% of assets
PASSCurrent ratio improving1.96 → 2.32
PASSNo share dilution92M → 92M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.94× → 0.75×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

$2.1B

$278.7M

−$58.6M

—

95,726,497

FY2021

$2.1B

$305.9M

$75.0M

—

94,518,422

FY2022

$2.2B

$238.2M

$46.4M

—

91,702,111

FY2023

$2.5B

$245.8M

$212.4M

—

91,874,537

FY2024

$2.7B

$281.9M

$254.8M

—

91,859,732

FY2025

$3.2B

$328.9M

$295.3M

—

91,856,013

Ownership flow

14 institutions tracked — 8 added, 6 reduced, 1 sold out. Active managers added 209,186 shares while index money cut 246,059.

Institutional holders of BWX Technologies, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	12,123,786	−363,720	$2.4B
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	844,526	+232,409	$164.4M
MORGAN STANLEY	Active fund	793,339	−184,495	$154.4M
CITADEL ADVISORS LLC	Hedge fund	298,300	+124,203	$58.1M
JPMORGAN CHASE & CO	Active fund	2,654,239	+81,428	$503.1M
ARK Investment Management LLC	Active fund	549,881	−72,665	$107.0M
Capital World Investors	Active fund	640,319	+70,904	$124.6M
GEODE CAPITAL MANAGEMENT, LLC	Index	1,860,802	+67,236	$362.3M
FMR LLC	Active fund	759,071	−61,423	$147.8M
STATE STREET CORP	Index	3,799,375	+50,425	$739.5M
Point72 Asset Management, L.P.	Hedge fund	29,300	−33,300	$5.7M
BANK OF AMERICA CORP /DE/	Active fund	1,037,863	+32,242	$202.0M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	214,842	+25,875	$41.8M
Bridgewater Associates, LP	Hedge fund	16,446	−5,992	$3.2M

Questions about BWX Technologies, Inc.

How many subsidiaries does BWX Technologies, Inc. file with the SEC?

15, listed in its most recent exhibit 21. They are incorporated across 2 jurisdictions (Delaware, Canada). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is BWX Technologies, Inc. financially healthy?

BWX Technologies, Inc. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of BWX Technologies, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), STATE STREET CORP (adding), JPMORGAN CHASE & CO (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.