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Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) and BWX Technologies, Inc. (BWXT). Click either name above to swap in a different company.
Bath & Body Works, Inc. is the larger business by last-quarter revenue ($1.6B vs $885.8M, roughly 1.8× BWX Technologies, Inc.). BWX Technologies, Inc. runs the higher net margin — 10.5% vs 4.8%, a 5.7% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (18.7% vs -1.0%). BWX Technologies, Inc. produced more free cash flow last quarter ($56.8M vs $-1.0M). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (21.1% CAGR vs -26.0%).
Bath & Body Works, Inc. is an American specialty retail company based in Columbus, Ohio. It owns Bath & Body Works, posted $7.4 billion in revenue in 2023, and was listed as 481 on the 2024 Fortune 500 list of largest United States companies by revenue.
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
BBWI vs BWXT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $885.8M |
| Net Profit | $77.0M | $93.0M |
| Gross Margin | 41.3% | — |
| Operating Margin | 10.1% | 10.4% |
| Net Margin | 4.8% | 10.5% |
| Revenue YoY | -1.0% | 18.7% |
| Net Profit YoY | -27.4% | 30.9% |
| EPS (diluted) | $0.37 | $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 | $1.6B | $885.8M | ||
| Q3 25 | $1.5B | $866.3M | ||
| Q2 25 | $1.4B | $764.0M | ||
| Q1 25 | $2.8B | $682.3M | ||
| Q4 24 | $1.6B | $746.3M | ||
| Q3 24 | $1.5B | $672.0M | ||
| Q2 24 | $1.4B | $681.5M | ||
| Q1 24 | $2.9B | $604.0M |
| Q4 25 | $77.0M | $93.0M | ||
| Q3 25 | $64.0M | $82.1M | ||
| Q2 25 | $105.0M | $78.4M | ||
| Q1 25 | $453.0M | $75.5M | ||
| Q4 24 | $106.0M | $71.0M | ||
| Q3 24 | $152.0M | $69.5M | ||
| Q2 24 | $87.0M | $73.0M | ||
| Q1 24 | $579.0M | $68.5M |
| Q4 25 | 41.3% | — | ||
| Q3 25 | 41.3% | 21.8% | ||
| Q2 25 | 45.4% | 25.1% | ||
| Q1 25 | 46.7% | 24.2% | ||
| Q4 24 | 43.5% | — | ||
| Q3 24 | 41.0% | 24.4% | ||
| Q2 24 | 43.8% | 24.7% | ||
| Q1 24 | 45.9% | 24.6% |
| Q4 25 | 10.1% | 10.4% | ||
| Q3 25 | 10.1% | 13.1% | ||
| Q2 25 | 14.7% | 13.4% | ||
| Q1 25 | 24.3% | 14.2% | ||
| Q4 24 | 13.5% | 12.4% | ||
| Q3 24 | 12.0% | 14.4% | ||
| Q2 24 | 13.5% | 14.5% | ||
| Q1 24 | 23.9% | 15.4% |
| Q4 25 | 4.8% | 10.5% | ||
| Q3 25 | 4.1% | 9.5% | ||
| Q2 25 | 7.4% | 10.3% | ||
| Q1 25 | 16.3% | 11.1% | ||
| Q4 24 | 6.6% | 9.5% | ||
| Q3 24 | 10.0% | 10.3% | ||
| Q2 24 | 6.3% | 10.7% | ||
| Q1 24 | 19.9% | 11.3% |
| Q4 25 | $0.37 | $1.02 | ||
| Q3 25 | $0.30 | $0.89 | ||
| Q2 25 | $0.49 | $0.85 | ||
| Q1 25 | $2.06 | $0.82 | ||
| Q4 24 | $0.49 | $0.77 | ||
| Q3 24 | $0.68 | $0.76 | ||
| Q2 24 | $0.38 | $0.79 | ||
| Q1 24 | $2.54 | $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 | $236.0M | $499.8M |
| Total DebtLower is stronger | $3.9B | — |
| Stockholders' EquityBook value | $-1.6B | $1.2B |
| Total Assets | $5.0B | $4.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $236.0M | $499.8M | ||
| Q3 25 | $364.0M | $79.6M | ||
| Q2 25 | $636.0M | $37.0M | ||
| Q1 25 | $674.0M | $55.4M | ||
| Q4 24 | $191.0M | $74.1M | ||
| Q3 24 | $514.0M | $35.5M | ||
| Q2 24 | $855.0M | $48.3M | ||
| Q1 24 | $1.1B | $45.9M |
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.4B | — |
| Q4 25 | $-1.6B | $1.2B | ||
| Q3 25 | $-1.5B | $1.2B | ||
| Q2 25 | $-1.5B | $1.2B | ||
| Q1 25 | $-1.4B | $1.1B | ||
| Q4 24 | $-1.7B | $1.1B | ||
| Q3 24 | $-1.7B | $1.1B | ||
| Q2 24 | $-1.7B | $998.5M | ||
| Q1 24 | $-1.6B | $946.2M |
| Q4 25 | $5.0B | $4.3B | ||
| Q3 25 | $4.8B | $3.8B | ||
| Q2 25 | $4.9B | $3.7B | ||
| Q1 25 | $4.9B | $3.1B | ||
| Q4 24 | $5.0B | $2.9B | ||
| Q3 24 | $4.9B | $2.9B | ||
| Q2 24 | $5.2B | $2.8B | ||
| Q1 24 | $5.5B | $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 | $80.0M | $127.0M |
| Free Cash FlowOCF − Capex | $-1.0M | $56.8M |
| FCF MarginFCF / Revenue | -0.1% | 6.4% |
| Capex IntensityCapex / Revenue | 5.1% | 7.9% |
| Cash ConversionOCF / Net Profit | 1.04× | 1.37× |
| TTM Free Cash FlowTrailing 4 quarters | $946.0M | $295.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.0M | $127.0M | ||
| Q3 25 | $-43.0M | $143.2M | ||
| Q2 25 | $188.0M | $159.0M | ||
| Q1 25 | $955.0M | $50.6M | ||
| Q4 24 | $-99.0M | $276.9M | ||
| Q3 24 | $-46.0M | $32.6M | ||
| Q2 24 | $76.0M | $65.9M | ||
| Q1 24 | $926.0M | $33.0M |
| Q4 25 | $-1.0M | $56.8M | ||
| Q3 25 | $-99.0M | $94.9M | ||
| Q2 25 | $151.0M | $126.3M | ||
| Q1 25 | $895.0M | $17.3M | ||
| Q4 24 | $-164.0M | $224.4M | ||
| Q3 24 | $-101.0M | $-7.7M | ||
| Q2 24 | $30.0M | $35.5M | ||
| Q1 24 | $878.0M | $2.6M |
| Q4 25 | -0.1% | 6.4% | ||
| Q3 25 | -6.4% | 11.0% | ||
| Q2 25 | 10.6% | 16.5% | ||
| Q1 25 | 32.1% | 2.5% | ||
| Q4 24 | -10.2% | 30.1% | ||
| Q3 24 | -6.6% | -1.1% | ||
| Q2 24 | 2.2% | 5.2% | ||
| Q1 24 | 30.2% | 0.4% |
| Q4 25 | 5.1% | 7.9% | ||
| Q3 25 | 3.6% | 5.6% | ||
| Q2 25 | 2.6% | 4.3% | ||
| Q1 25 | 2.2% | 4.9% | ||
| Q4 24 | 4.0% | 7.0% | ||
| Q3 24 | 3.6% | 6.0% | ||
| Q2 24 | 3.3% | 4.5% | ||
| Q1 24 | 1.6% | 5.0% |
| Q4 25 | 1.04× | 1.37× | ||
| Q3 25 | -0.67× | 1.74× | ||
| Q2 25 | 1.79× | 2.03× | ||
| Q1 25 | 2.11× | 0.67× | ||
| Q4 24 | -0.93× | 3.90× | ||
| Q3 24 | -0.30× | 0.47× | ||
| Q2 24 | 0.87× | 0.90× | ||
| Q1 24 | 1.60× | 0.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BBWI
| Bath Body Works Stores | $1.2B | 77% |
| Bath Body Works Direct | $299.0M | 19% |
| Bath Body Works International | $73.0M | 5% |
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% |
