NYSE Shariah screener · October 2026

Is BWX Technologies, Inc. (BWXT) Halal?

PASS

BWX Technologies, Inc. · NYSE: BWXT · Industrials

The short answer

BWX Technologies passes all three Shariah gates: it manufactures nuclear components and services (no interest-based business), carries about $2.02B of interest-bearing debt (16.4% of its ~$12.29 billion market cap), and separately disclosed interest income of about 0.12% of revenue is under the 5% ceiling.

Gate 1 — Business activity: PASS

Gate 1 — business activity: PASS. BWX Technologies, Inc., per its FY2025 Form 10-K (year ended December 31, 2025), manufactures nuclear components, fuel, and related services. It reports two segments: Government Operations (nuclear propulsion components for U.S. Navy submarines and aircraft carriers, nuclear fuel, and special materials) and Commercial Operations (components, fuel, and services for commercial nuclear power plants, plus medical radioisotopes). FY2025 revenues were $3,198.4 million.

It is not an interest-based lender and is not involved in tobacco, gambling, pork, or conventional banking or insurance. Its naval nuclear work is defense manufacturing — a defense line is not a haram line under this screener's precedent. The business passes gate 1.

Gate 2 — Debt and cash: PASS

Gate 2 — interest-bearing debt: PASS (16.4%, ceiling 33%). Per BWX Technologies' FY2025 Form 10-K Consolidated Balance Sheets, at December 31, 2025 the company carried $2,015,983 thousand of long-term debt with zero current maturities of long-term debt — total interest-bearing debt of about $2,016.0 million.

$2,016.0 million against a market capitalization of about $12.29 billion (Finnhub, live quote October 2, 2026) is about 16.4% — under the 33% ceiling. Cash and cash equivalents of $499,779 thousand at December 31, 2025 represent about 4.1% of market cap.

Gate 3 — Non-compliant income: PASS

Gate 3 — non-compliant income: PASS (0.12%, ceiling 5%). BWX Technologies' FY2025 Form 10-K separately discloses interest income on its own income-statement line: $3,893 thousand of interest income against revenues of $3,198,425 thousand is about 0.12% — under the 5% ceiling (2024: $2,554 thousand; 2023: $2,359 thousand; interest expense was $44,207 thousand in 2025).

The most recent annual figure (0.12%) is used for this gate.

Key figures used

Business: nuclear components, fuel, and services; Government Operations (naval nuclear propulsion for U.S. Navy submarines and aircraft carriers, nuclear fuel, special materials) and Commercial Operations (commercial nuclear power components/fuel/services, medical radioisotopes); FY2025 revenues $3,198.4M
Haram assessment: no interest-based lending; no tobacco/gambling/pork/banking/insurance; nuclear industrial/defense manufacturing - an ordinary commercial business
Debt: $2,015,983K long-term debt and zero current maturities at Dec 31, 2025 = ~$2,016.0M total; 16.4% of ~$12.29B market cap (Finnhub, Oct 2, 2026) — under the 33% ceiling
Cash: $499,779K cash & equivalents at Dec 31, 2025 (~4.1% of market cap)
Interest income: $3,893K in FY2025 (separately disclosed on its own income-statement line) vs $3,198,425K revenues = 0.12% — under the 5% ceiling (interest expense $44,207K)
Market data: NYSE-listed (Finnhub XNYS); still listed (confirmed October 2, 2026; live quote, no delisting)
Third-party: no verifiable Zoya, Musaffa, or ShariaPortfolio rating found for BWXT from public sources

Frequently asked questions

What does BWX Technologies do?

BWX Technologies, Inc. (NYSE: BWXT) manufactures nuclear components, fuel, and services. Per its FY2025 Form 10-K (year ended December 31, 2025), it reports two segments: Government Operations - nuclear propulsion components for U.S. Navy submarines and aircraft carriers, nuclear fuel, and special materials; and Commercial Operations - components, fuel, and services for commercial nuclear power plants, plus medical radioisotopes. FY2025 revenues were $3,198.4 million. Its naval nuclear propulsion work is defense manufacturing, which is not an interest-based or other haram business line.

Is BWX Technologies' business Shariah compliant?

BWX Technologies manufactures nuclear components and provides nuclear services to government and commercial customers - it is not an interest-based lender and is not involved in tobacco, gambling, pork, or conventional banking or insurance. Its products (naval nuclear propulsion components, commercial nuclear power components, nuclear fuel, medical radioisotopes) are industrial/defense manufacturing, an ordinary commercial business. Assessed on the filed business description, the business passes this screener's first gate.

How much interest-bearing debt does BWX Technologies have?

BWX Technologies' FY2025 Form 10-K balance sheet shows long-term debt of $2,015,983 thousand and zero current maturities of long-term debt at December 31, 2025 - total interest-bearing debt of about $2,016.0 million. $2,016.0 million against a market capitalization of about $12.29 billion (Finnhub, live quote October 2, 2026) is about 16.4% - under the 33% ceiling. Interest expense was $44,207 thousand in 2025. Cash and cash equivalents of $499,779 thousand at December 31, 2025 represent about 4.1% of market capitalization.

How much interest income does BWX Technologies earn?

BWX Technologies' FY2025 Form 10-K separately discloses interest income on its own income-statement line: $3,893 thousand against revenues of $3,198,425 thousand - about 0.12%, under the 5% non-compliant income ceiling (2024: $2,554 thousand; 2023: $2,359 thousand). The most recent annual figure (0.12%) is used for this gate.

What do third-party Shariah screeners say about BWX Technologies?

I could not verify a Zoya rating page, a Musaffa rating, or a ShariaPortfolio rating for BWXT from public sources. Third-party screeners apply different assumptions and update on different schedules, and their results can change when new financial statements are published - always check the latest screening before investing.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).