debt_leverage_profile
0.24x Total Debt / Equity (Conservative)
High
SEC-XBRL
interest_rate_sensitivity
Moderate; ~$1.8B debt at mostly fixed rates, 20bp rise adds ~$3-4M annual interest expense, manageable given ~$500M EBITDA
Inferred
Agent_Inference
geopolitical_supply_exposure
Medium intensity; US-China trade tariffs on metals and components disrupt supply chains.
Medium
GICS-commodity-overlay-v1
supply_chain_dependency
Oak Ridge/Y-12 uranium enrichment complex and Canadian CANDU reactor fuel supply chains are critical chokepoints
Inferred
Agent_Inference
international_expansion_readiness
GBP (UK operations ~15% revenue), CAD (Canadian nuclear ~10%), AUD (Australian defence ~5%); GBP devaluation is primary FX risk
Inferred
Agent_Inference
geographic_footprint
Primarily USD-denominated US government contracts (~70%); GBP exposure in UK (~15%), CAD (~10%), AUD (~5%) creates modest devaluation risk
Inferred
Agent_Inference
commodity_exposure_profile
Medium intensity; commodities: Steel, Aluminum, Copper, Crude Oil (fuel), Rare Earth Elements, Plastics/Resins; geopolitical: US-China trade tariffs on metals and components disrupt supply chains.
Medium
GICS-commodity-overlay-v1
vendor_lock_dependency_score
BWXT is itself the near-sole-source supplier; inbound, no single vendor >30% but specialised zirconium/hafnium metal suppliers are non-substitutable
Inferred
Agent_Inference
business_model_type_primary
Cloud disruption risk is minimal; BWXT operates largely on-premise classified government networks; 30-day AWS termination is negligible operational threat
Inferred
Agent_Inference
business_model_type_secondary
Government contractor / manufacturer; secondary revenue from commercial nuclear services; neither model is cloud-dependent
Inferred
Agent_Inference
switching_cost_profile
Near-zero API coupling risk; BWXT uses proprietary manufacturing systems and government-controlled classified IT infrastructure, not commercial APIs
Inferred
Agent_Inference
howey_test_risk_index
Fails Howey Test; revenue derives from manufacturing and service contracts, not passive investment returns; securities classification risk is negligible
Inferred
Agent_Inference
regulatory_burden_tier
Medium
Medium
GICS-regulatory-overlay-v1
data_sovereignty_risk
Low GDPR/CCPA exposure; primary customers are US/allied governments; limited consumer PII; classified data governed by NIST/ITAR, not GDPR
Inferred
Agent_Inference
antitrust_exposure_flag
Low traditional antitrust risk; BWXT holds legitimate sole-source status via government certification; DOJ/FTC scrutiny is minimal
Inferred
Agent_Inference
regulatory_exposure_profile
Medium burden; regimes: FAA, DOT, OSHA, EPA, ITAR, FTC; Export controls and defense procurement rules create contract concentration risk.
Medium
GICS-regulatory-overlay-v1
revenue_model_type
~85-90% recurring via multi-year US government cost-plus and fixed-price contracts; ~10-15% transactional commercial nuclear services
Inferred
Agent_Inference
monetization_vector
Long-term government cost-plus and fixed-price contracts (DoD, DoE, NASA); secondary: commercial nuclear fuel and component sales
Inferred
Agent_Inference
pricing_architecture
Cost-plus contracts provide margin floor; fixed-price contracts expose ~20% of revenue to cost overrun risk; inflation pass-through largely contractual
Inferred
Agent_Inference
pricing_power_rating
High; sole-source nuclear propulsion supplier to US Navy; customers are price-insensitive government agencies with no alternative supplier
Inferred
Agent_Inference
target_gross_margin_bracket
Gross margin ~20-25%; EBITDA margin ~18-22%; cost-plus structure caps upside but protects downside
Inferred
Agent_Inference
churn_vulnerability_index
No free-rider problem; access to BWXT's capabilities requires classified contracts; zero churn risk on core naval nuclear business
Inferred
Agent_Inference
headcount_cost_structure
Moderately headcount-linear; skilled nuclear engineers and machinists are scarce; doubling revenue requires ~70-80% headcount increase
Inferred
Agent_Inference
marginal_cost_of_growth
Sublinear but capital-intensive; incremental revenue requires facility expansion and cleared workforce hiring, limiting pure operating leverage
Inferred
Agent_Inference
franchise_compliance_risk
Not applicable; BWXT is not a franchise model
Inferred
Agent_Inference
customer_acquisition_metric
At 10x scale, US Navy budget constraints become binding ceiling; growth path requires new reactor programs or international allied-nation contracts
Inferred
Agent_Inference
network_effect_present
No network effect; value derives from proprietary nuclear manufacturing expertise and regulatory certification, not user-base scale
Inferred
Agent_Inference
asset_efficiency_ratio
9.3% Return on Assets (Excellent)
High
SEC-XBRL
recession_resistance_tier
Tier 1 recession-resistant; US naval nuclear propulsion and DoE site management budgets are non-discretionary national security expenditures
Inferred
Agent_Inference
customer_segment_primary
US Department of Defense (Navy nuclear propulsion) — estimated ~60% of revenue; extreme concentration but sovereign counterparty risk is minimal
Inferred
Agent_Inference
customer_segment_secondary
US Department of Energy (national laboratory and weapons complex management) — estimated ~25% of revenue; similarly non-discretionary
Inferred
Agent_Inference
characteristic_occupations
["11-0000 Management Occupations", "13-0000 Business and Financial Operations Occupations", "15-0000 Computer and Mathematical Occupations", "17-0000 Architecture and Engineering Occupations", "23-0000 Legal Occupations", "33-0000 Protective Service Occupations", "37-0000 Building and Grounds Cleaning and Maintenance Occupations", "41-0000 Sales and Related Occupations", "43-0000 Office and Administrative Support Occupations", "47-0000 Construction and Extraction Occupations", "49-0000 Installation, Maintenance, and Repair Occupations", "51-0000 Production Occupations", "53-0000 Transportation and Material Moving Occupations"]
High
SOC-2018/GICS-overlay
agent_automatable_labor_share
0.3 (HIL — ~30% of characteristic roles agent-automatable)
Medium
SOC-2018 + agentic-exposure-v1
capital_expenditure_profile
5.8% CapEx / Revenue (Moderate-CapEx)
High
SEC-XBRL
sec_cik
0001486957
High
SEC-EDGAR
ticker
BWXT
High
SEC-EDGAR