v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 499,779 $ 74,109
Restricted cash and cash equivalents 3,085 2,785
Accounts receivable – trade, net 220,391 99,112
Accounts receivable – other 67,858 53,199
Retainages 46,311 33,667
Contracts in progress 610,315 577,745
Inventories 46,537 40,288
Other current assets 66,078 49,092
Total Current Assets 1,560,354 929,997
Property, Plant and Equipment, Net 1,585,136 1,278,161
Investments 8,243 10,609
Goodwill 500,860 287,362
Deferred Income Taxes 12,275 6,569
Investments in Unconsolidated Affiliates 150,143 99,403
Intangible Assets 329,859 165,325
Other Assets 124,625 92,498
TOTAL ASSETS 4,271,495 2,869,924
Current Liabilities:    
Current maturities of long-term debt 0 12,500
Accounts payable 141,289 158,077
Accrued employee benefits 117,641 77,234
Accrued liabilities – other 107,802 65,100
Advance billings on contracts 305,285 161,290
Total Current Liabilities 672,017 474,201
Long-Term Debt 2,015,983 1,042,970
Accumulated Postretirement Benefit Obligation 78,460 16,515
Environmental Liabilities 100,278 94,225
Pension Liability 78,167 82,602
Other Liabilities 93,578 79,007
Total Liabilities 3,038,483 1,789,520
Commitments and Contingencies (Note 10)
Stockholders' Equity:    
Common stock, par value $0.01 per share, authorized 325,000,000 shares; issued 128,720,819 and 128,320,295 shares at December 31, 2025 and 2024, respectively 1,288 1,283
Preferred stock, par value $0.01 per share, authorized 75,000,000 shares; no shares issued 0 0
Capital in excess of par value 159,884 228,889
Retained earnings 2,523,631 2,287,151
Treasury stock at cost, 37,289,582 and 36,869,498 shares at December 31, 2025 and 2024, respectively (1,432,943) (1,388,432)
Accumulated other comprehensive income (loss) (19,373) (48,211)
Stockholders' Equity – BWX Technologies, Inc. 1,232,487 1,080,680
Noncontrolling interest 525 (276)
Total Stockholders' Equity 1,233,012 1,080,404
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,271,495 $ 2,869,924