BWX Technologies reported $8.56B of remaining performance obligations at 30 Sep 2026, up 16% from a year earlier and up 2% from the previous quarter. That is 2.4 years of trailing revenue already under contract. Book-to-bill last quarter: 1.17.
Net new backlog added in the latest quarter: $158M.
Over the last twelve months it turned about 46% of its opening backlog into revenue (12-month conversion).
The company reports 46% of the backlog due within the first 15 months.
Customer prepayments (contract liabilities) cover 5.0% of the backlog.
Twelve-month book-to-bill: 1.32, i.e. 1.32 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -2 points — revenue is catching up with orders.
By backlog size it ranks 82nd among US filers the cockpit tracks.
BWX Technologies backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$8.56B
$3.60B
2.4 yrs
$428M
30 Jun 2026
$8.40B
$3.51B
2.4 yrs
$313M
31 Mar 2026
$8.65B
$3.38B
2.6 yrs
$272M
31 Dec 2025
$7.26B
$3.20B
2.3 yrs
$305M
30 Sep 2025
$7.39B
$3.06B
2.4 yrs
$211M
30 Jun 2025
$6.02B
$2.86B
2.1 yrs
$198M
31 Mar 2025
$4.88B
$2.78B
1.8 yrs
$194M
31 Dec 2024
$4.84B
$2.70B
1.8 yrs
$161M
30 Sep 2024
$3.38B
$2.68B
1.3 yrs
$120M
30 Jun 2024
$3.53B
$2.60B
1.4 yrs
$125M
31 Mar 2024
$3.64B
$2.53B
1.4 yrs
$112M
31 Dec 2023
$4.00B
$2.50B
1.6 yrs
$107M
Questions
What is BWX Technologies's backlog?
BWX Technologies reported $8.56B of remaining performance obligations at 30 Sep 2026, up 16% from a year earlier and up 2% from the previous quarter. That is 2.4 years of trailing revenue already under contract. Book-to-bill last quarter: 1.17.
How fast does BWX Technologies's backlog turn into revenue?
Over the last twelve months BWX Technologies recognised revenue equal to about 46% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.