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BWXT (BWX Technologies) Piotroski F-Score : 6 (As of Jul. 25, 2025)


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What is BWX Technologies Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

BWX Technologies has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for BWX Technologies's Piotroski F-Score or its related term are showing as below:

BWXT' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of BWX Technologies was 9. The lowest was 3. And the median was 6.


BWX Technologies Piotroski F-Score Historical Data

The historical data trend for BWX Technologies's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BWX Technologies Piotroski F-Score Chart

BWX Technologies Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 5.00 5.00 7.00 7.00

BWX Technologies Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 8.00 8.00 7.00 6.00

Competitive Comparison of BWX Technologies's Piotroski F-Score

For the Aerospace & Defense subindustry, BWX Technologies's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BWX Technologies's Piotroski F-Score Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, BWX Technologies's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where BWX Technologies's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 72.972 + 69.483 + 71.018 + 75.462 = $289 Mil.
Cash Flow from Operations was 65.894 + 32.628 + 276.88 + 50.65 = $426 Mil.
Revenue was 681.465 + 671.956 + 746.267 + 682.258 = $2,782 Mil.
Gross Profit was 168.269 + 163.956 + 174.373 + 165.193 = $672 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(2788.01 + 2840.633 + 2947.46 + 2869.924 + 3054.008) / 5 = $2900.007 Mil.
Total Assets at the begining of this year (Mar24) was $2,788 Mil.
Long-Term Debt & Capital Lease Obligation was $1,185 Mil.
Total Current Assets was $976 Mil.
Total Current Liabilities was $484 Mil.
Net Income was 58.597 + 60.273 + 65.887 + 68.468 = $253 Mil.

Revenue was 612.445 + 589.989 + 725.515 + 603.966 = $2,532 Mil.
Gross Profit was 141.121 + 153.693 + 188.549 + 148.609 = $632 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(2718.908 + 2740.574 + 2776.839 + 2747.065 + 2788.01) / 5 = $2754.2792 Mil.
Total Assets at the begining of last year (Mar23) was $2,719 Mil.
Long-Term Debt & Capital Lease Obligation was $1,221 Mil.
Total Current Assets was $865 Mil.
Total Current Liabilities was $387 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

BWX Technologies's current Net Income (TTM) was 289. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

BWX Technologies's current Cash Flow from Operations (TTM) was 426. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar24)
=288.935/2788.01
=0.10363485

ROA (Last Year)=Net Income/Total Assets (Mar23)
=253.225/2718.908
=0.09313482

BWX Technologies's return on assets of this year was 0.10363485. BWX Technologies's return on assets of last year was 0.09313482. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

BWX Technologies's current Net Income (TTM) was 289. BWX Technologies's current Cash Flow from Operations (TTM) was 426. ==> 426 > 289 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1185.356/2900.007
=0.40874246

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1220.809/2754.2792
=0.44324083

BWX Technologies's gearing of this year was 0.40874246. BWX Technologies's gearing of last year was 0.44324083. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar25)=Total Current Assets/Total Current Liabilities
=975.785/483.945
=2.01631384

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=864.663/386.825
=2.2352821

BWX Technologies's current ratio of this year was 2.01631384. BWX Technologies's current ratio of last year was 2.2352821. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

BWX Technologies's number of shares in issue this year was 91.874. BWX Technologies's number of shares in issue last year was 91.861. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=671.791/2781.946
=0.2414824

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=631.972/2531.915
=0.24960238

BWX Technologies's gross margin of this year was 0.2414824. BWX Technologies's gross margin of last year was 0.24960238. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar24)
=2781.946/2788.01
=0.99782497

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=2531.915/2718.908
=0.93122496

BWX Technologies's asset turnover of this year was 0.99782497. BWX Technologies's asset turnover of last year was 0.93122496. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+0+0+0+1
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

BWX Technologies has an F-score of 6 indicating the company's financial situation is typical for a stable company.

BWX Technologies  (NYSE:BWXT) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


BWX Technologies Piotroski F-Score Related Terms

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BWX Technologies Business Description

Traded in Other Exchanges
Address
800 Main Street, 4th Floor, Lynchburg, VA, USA, 24504
BWX Technologies Inc is a specialty manufacturer and service provider of nuclear components, operating in two segments: Government Operations and Commercial Operations. The Government Operations segment produces naval nuclear reactors and fuel for the U.S. Naval Nuclear Propulsion Program, while the Commercial Operations segment designs and manufactures commercial nuclear steam generators, heat exchangers, pressure vessels, reactor components, and other auxiliary equipment, including containers for the storage of spent nuclear fuel and other high-level nuclear waste. The majority of the company's revenue comes from Government Operations, with sales primarily in the United States, Canada, and other regions.
Executives
Robert L Duffy officer: SVP and Chief Admin. Officer HARRIS CORPORATION, 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Whitford Ronald Owen Jr officer: SVP, General Counsel and Sec. 800 MAIN STREET, LYNCHBURG VA 24504
Rex D Geveden officer: Chief Operating Officer 800 MAIN STREET, LYNCHBURG VA 24504
Gerhard F Burbach director C/O THORATEC CORPORATION, 6035 STONERIDGE DRIVE, PLEASANTON CA 94588
Michael Thomas Fitzgerald officer: VP & Chief Accounting Officer 11525 N. COMMUNITY HOUSE ROAD, SUITE 600, CHARLOTTE NC 28277
Robert L Nardelli director 2455 PACES FERRY ROAD, ATLANTA GA 30339
Omar Fathi Meguid officer: SVP and Chief Digital Officer 800 MAIN STREET, LYNCHBURG VA 24504
Richard W Loving officer: SVP, Human Resources 800 MAIN STREET, LYNCHBURG VA 24504
Jason S. Kerr officer: See Remarks 11215 N. COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277
John A Fees director, officer: Executive Chairman 800 MAIN STREET, 4TH FLOOR, LYNCHBURG VA 24504
Thomas E Mccabe officer: SVP & General Counsel C/O ORBITAL SCIENCES CORPORATION, 45101 WARP DRIVE, DULLES VA 20166
Kevin M Mccoy officer: Pres., Government Operations 800 MAIN STREET, LYNCHBURG NC 24504
Robb A. Lemasters director 800 MAIN STREET, LYNCHBURG VA 24504
David S Black officer: See Remarks 800 MAIN STREET, LYNCHBURG VA 24504
Robert Fendlay Smith officer: President, Gov. Operations 800 MAIN STREET, LUNCHBURG VA 24504