BWX Technologies Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of BWX Technologies Inc (BWXT). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Government Operations | $1.76B 82.6% | $1.73B 80.9% · -2.2% | $1.81B 80.9% · +4.8% | $2.03B 81.3% · +12.3% | $2.18B 80.6% · +7.5% | $2.35B 73.4% · +7.7% |
| Commercial Operations | $371.3M 17.4% | $407.1M 19.1% · +9.6% | $427.4M 19.1% · +5.0% | $466.3M 18.7% · +9.1% | $524.0M 19.4% · +12.4% | $853.1M 26.6% · +62.8% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Government Operations | $345.3M 19.6% | $329.5M 19.1% | – | – | – | – |
| Commercial Operations | $36.9M 9.9% | $35.2M 8.7% | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| UNITED STATES | $1.79B 83.7% | $1.76B 82.5% · -1.6% | $1.83B 81.7% · +3.8% | $2.07B 82.7% · +13.2% | $2.23B 82.4% · +8.0% | $2.43B 75.9% · +9.0% |
| Canada | $313.8M 14.7% | $348.8M 16.4% · +11.2% | $376.9M 16.9% · +8.1% | $390.3M 15.6% · +3.5% | $431.3M 15.9% · +10.5% | $688.6M 21.5% · +59.7% |
| Other: | – | $24.7M 1.2% | $33.1M 1.5% · +33.9% | $41.5M 1.7% · +25.2% | $45.5M 1.7% · +9.8% | $83.2M 2.6% · +82.7% |
| Other | $33.4M 1.6% | – | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 10, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.