BWX TECHNOLOGIES, INC.
BWXT · Industrials · $15.9B mkt cap · FY2025 filings · Narrow moat
On the watchlist
The four filters
Pricing power41
Median gross margin 26.5% over 10y, stable.
Returns on capital87
Median ROIC 17.1%, above the 9% hurdle in 100% of years.
Balance-sheet safety32
Net debt/EBITDA 3.0x, interest coverage 9x.
Capital discipline77
Owner earnings +6.7%/yr, share count shrinking (buybacks).
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $281.9M
- Est. intrinsic value / share
- $43.03
- Recent price
- $173.61
- Discount to value
- 303% above value
Conservative model: 9% discount rate, 2% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Score history begins 2026-07-17. Check back as the record builds.
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.