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Side-by-side financial comparison of Automatic Data Processing (ADP) and BWX Technologies, Inc. (BWXT). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.4B vs $885.8M, roughly 6.0× BWX Technologies, Inc.). Automatic Data Processing runs the higher net margin — 19.8% vs 10.5%, a 9.3% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (18.7% vs 6.2%). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (21.1% CAGR vs 1.0%).
Automatic Data Processing, Inc. (ADP) is an American multinational provider of cloud-based human resources management, payroll processing, and professional employer organization (PEO) services, headquartered in Roseland, New Jersey.
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
ADP vs BWXT — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $885.8M |
| Net Profit | $1.1B | $93.0M |
| Gross Margin | 46.1% | — |
| Operating Margin | 25.8% | 10.4% |
| Net Margin | 19.8% | 10.5% |
| Revenue YoY | 6.2% | 18.7% |
| Net Profit YoY | 10.3% | 30.9% |
| EPS (diluted) | $2.62 | $1.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.4B | $885.8M | ||
| Q3 25 | $5.2B | $866.3M | ||
| Q2 25 | $5.1B | $764.0M | ||
| Q1 25 | $5.6B | $682.3M | ||
| Q4 24 | $5.0B | $746.3M | ||
| Q3 24 | $4.8B | $672.0M | ||
| Q2 24 | $4.8B | $681.5M | ||
| Q1 24 | $5.3B | $604.0M |
| Q4 25 | $1.1B | $93.0M | ||
| Q3 25 | $1.0B | $82.1M | ||
| Q2 25 | $910.7M | $78.4M | ||
| Q1 25 | $1.2B | $75.5M | ||
| Q4 24 | $963.2M | $71.0M | ||
| Q3 24 | $956.3M | $69.5M | ||
| Q2 24 | $829.3M | $73.0M | ||
| Q1 24 | $1.2B | $68.5M |
| Q4 25 | 46.1% | — | ||
| Q3 25 | 45.2% | 21.8% | ||
| Q2 25 | 45.1% | 25.1% | ||
| Q1 25 | 47.7% | 24.2% | ||
| Q4 24 | 45.7% | — | ||
| Q3 24 | 45.5% | 24.4% | ||
| Q2 24 | 44.8% | 24.7% | ||
| Q1 24 | 47.3% | 24.6% |
| Q4 25 | 25.8% | 10.4% | ||
| Q3 25 | 25.3% | 13.1% | ||
| Q2 25 | 23.2% | 13.4% | ||
| Q1 25 | 29.2% | 14.2% | ||
| Q4 24 | 25.0% | 12.4% | ||
| Q3 24 | 25.6% | 14.4% | ||
| Q2 24 | 22.8% | 14.5% | ||
| Q1 24 | 29.4% | 15.4% |
| Q4 25 | 19.8% | 10.5% | ||
| Q3 25 | 19.6% | 9.5% | ||
| Q2 25 | 17.8% | 10.3% | ||
| Q1 25 | 22.5% | 11.1% | ||
| Q4 24 | 19.1% | 9.5% | ||
| Q3 24 | 19.8% | 10.3% | ||
| Q2 24 | 17.4% | 10.7% | ||
| Q1 24 | 22.6% | 11.3% |
| Q4 25 | $2.62 | $1.02 | ||
| Q3 25 | $2.49 | $0.89 | ||
| Q2 25 | $2.23 | $0.85 | ||
| Q1 25 | $3.06 | $0.82 | ||
| Q4 24 | $2.35 | $0.77 | ||
| Q3 24 | $2.34 | $0.76 | ||
| Q2 24 | $2.01 | $0.79 | ||
| Q1 24 | $2.88 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.5B | $499.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.4B | $1.2B |
| Total Assets | $84.6B | $4.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.5B | $499.8M | ||
| Q3 25 | $7.9B | $79.6M | ||
| Q2 25 | $7.8B | $37.0M | ||
| Q1 25 | $2.7B | $55.4M | ||
| Q4 24 | $2.2B | $74.1M | ||
| Q3 24 | $7.3B | $35.5M | ||
| Q2 24 | $3.3B | $48.3M | ||
| Q1 24 | $3.3B | $45.9M |
| Q4 25 | $6.4B | $1.2B | ||
| Q3 25 | $6.4B | $1.2B | ||
| Q2 25 | $6.2B | $1.2B | ||
| Q1 25 | $5.9B | $1.1B | ||
| Q4 24 | $5.1B | $1.1B | ||
| Q3 24 | $5.3B | $1.1B | ||
| Q2 24 | $4.5B | $998.5M | ||
| Q1 24 | $4.6B | $946.2M |
| Q4 25 | $84.6B | $4.3B | ||
| Q3 25 | $54.3B | $3.8B | ||
| Q2 25 | $53.4B | $3.7B | ||
| Q1 25 | $56.4B | $3.1B | ||
| Q4 24 | $64.1B | $2.9B | ||
| Q3 24 | $49.5B | $2.9B | ||
| Q2 24 | $54.4B | $2.8B | ||
| Q1 24 | $64.2B | $2.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | $127.0M |
| Free Cash FlowOCF − Capex | — | $56.8M |
| FCF MarginFCF / Revenue | — | 6.4% |
| Capex IntensityCapex / Revenue | — | 7.9% |
| Cash ConversionOCF / Net Profit | 1.07× | 1.37× |
| TTM Free Cash FlowTrailing 4 quarters | — | $295.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $127.0M | ||
| Q3 25 | $642.3M | $143.2M | ||
| Q2 25 | $1.4B | $159.0M | ||
| Q1 25 | $1.5B | $50.6M | ||
| Q4 24 | $1.2B | $276.9M | ||
| Q3 24 | $824.4M | $32.6M | ||
| Q2 24 | $1.3B | $65.9M | ||
| Q1 24 | $1.5B | $33.0M |
| Q4 25 | — | $56.8M | ||
| Q3 25 | — | $94.9M | ||
| Q2 25 | — | $126.3M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $224.4M | ||
| Q3 24 | — | $-7.7M | ||
| Q2 24 | — | $35.5M | ||
| Q1 24 | — | $2.6M |
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 30.1% | ||
| Q3 24 | — | -1.1% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 5.6% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 5.0% |
| Q4 25 | 1.07× | 1.37× | ||
| Q3 25 | 0.63× | 1.74× | ||
| Q2 25 | 1.58× | 2.03× | ||
| Q1 25 | 1.22× | 0.67× | ||
| Q4 24 | 1.19× | 3.90× | ||
| Q3 24 | 0.86× | 0.47× | ||
| Q2 24 | 1.57× | 0.90× | ||
| Q1 24 | 1.26× | 0.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADP
| HCM | $2.2B | 42% |
| PEO Zero Margin Benefits Pass Throughs | $1.1B | 21% |
| HRO | $979.3M | 18% |
| Global | $709.3M | 13% |
| Interest On Funds Held For Clients | $308.6M | 6% |
BWXT
| Nuclear Component Program | $436.4M | 49% |
| Nuclear Manufacturing | $134.8M | 15% |
| Cost Plus Fee | $116.1M | 13% |
| Uranium And Nuclear Services | $103.8M | 12% |
| Commercial Operations | $49.0M | 6% |
| Commercial Operations Segment | $33.7M | 4% |
| Transferred At Point In Time | $1.3M | 0% |
