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Side-by-side financial comparison of BENCHMARK ELECTRONICS INC (BHE) and BWX Technologies, Inc. (BWXT). Click either name above to swap in a different company.
BWX Technologies, Inc. is the larger business by last-quarter revenue ($860.2M vs $677.3M, roughly 1.3× BENCHMARK ELECTRONICS INC). BWX Technologies, Inc. runs the higher net margin — 10.6% vs 1.9%, a 8.7% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (26.1% vs 11.4%). BWX Technologies, Inc. produced more free cash flow last quarter ($50.1M vs $48.1M). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (12.4% CAGR vs -0.7%).
Benchmark Electronics Inc is an EMS, ODM, and OEM company based in Tempe, Arizona in the Phoenix metropolitan area. It provides contract manufacturing services.
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
BHE vs BWXT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $677.3M | $860.2M |
| Net Profit | $13.0M | $91.2M |
| Gross Margin | 10.2% | — |
| Operating Margin | 3.2% | 12.4% |
| Net Margin | 1.9% | 10.6% |
| Revenue YoY | 11.4% | 26.1% |
| Net Profit YoY | 257.4% | 20.7% |
| EPS (diluted) | $0.17 | $0.99 |
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.
| Q1 26 | $677.3M | $860.2M | ||
| Q4 25 | $725.8M | $885.8M | ||
| Q3 25 | $702.6M | $866.3M | ||
| Q2 25 | $665.7M | $764.0M | ||
| Q1 25 | $654.6M | $682.3M | ||
| Q4 24 | $683.6M | $746.3M | ||
| Q3 24 | $680.0M | $672.0M | ||
| Q2 24 | $686.7M | $681.5M |
| Q1 26 | $13.0M | $91.2M | ||
| Q4 25 | — | $93.0M | ||
| Q3 25 | $14.3M | $82.1M | ||
| Q2 25 | $972.0K | $78.4M | ||
| Q1 25 | $3.6M | $75.5M | ||
| Q4 24 | — | $71.0M | ||
| Q3 24 | $15.4M | $69.5M | ||
| Q2 24 | $15.5M | $73.0M |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 10.2% | — | ||
| Q3 25 | 9.7% | 21.8% | ||
| Q2 25 | 9.7% | 25.1% | ||
| Q1 25 | 9.7% | 24.2% | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | 9.8% | 24.4% | ||
| Q2 24 | 9.9% | 24.7% |
| Q1 26 | 3.2% | 12.4% | ||
| Q4 25 | 2.8% | 10.4% | ||
| Q3 25 | 3.4% | 13.1% | ||
| Q2 25 | 3.1% | 13.4% | ||
| Q1 25 | 1.8% | 14.2% | ||
| Q4 24 | 4.2% | 12.4% | ||
| Q3 24 | 4.1% | 14.4% | ||
| Q2 24 | 4.0% | 14.5% |
| Q1 26 | 1.9% | 10.6% | ||
| Q4 25 | — | 10.5% | ||
| Q3 25 | 2.0% | 9.5% | ||
| Q2 25 | 0.1% | 10.3% | ||
| Q1 25 | 0.6% | 11.1% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | 2.3% | 10.3% | ||
| Q2 24 | 2.3% | 10.7% |
| Q1 26 | $0.17 | $0.99 | ||
| Q4 25 | $0.16 | $1.02 | ||
| Q3 25 | $0.39 | $0.89 | ||
| Q2 25 | $0.03 | $0.85 | ||
| Q1 25 | $0.10 | $0.82 | ||
| Q4 24 | $0.43 | $0.77 | ||
| Q3 24 | $0.42 | $0.76 | ||
| Q2 24 | $0.43 | $0.79 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $324.9M | $512.4M |
| Total DebtLower is stronger | — | $2.0B |
| Stockholders' EquityBook value | — | $1.3B |
| Total Assets | $2.1B | $4.3B |
| Debt / EquityLower = less leverage | — | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $324.9M | $512.4M | ||
| Q4 25 | $322.1M | $499.8M | ||
| Q3 25 | $285.4M | $79.6M | ||
| Q2 25 | $264.6M | $37.0M | ||
| Q1 25 | $355.3M | $55.4M | ||
| Q4 24 | $315.2M | $74.1M | ||
| Q3 24 | $324.4M | $35.5M | ||
| Q2 24 | $309.3M | $48.3M |
| Q1 26 | — | $2.0B | ||
| Q4 25 | $206.8M | — | ||
| Q3 25 | $212.6M | — | ||
| Q2 25 | $203.4M | — | ||
| Q1 25 | $268.9M | — | ||
| Q4 24 | $250.5M | — | ||
| Q3 24 | $272.0M | — | ||
| Q2 24 | $283.6M | — |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | $998.5M |
| Q1 26 | $2.1B | $4.3B | ||
| Q4 25 | $2.1B | $4.3B | ||
| Q3 25 | $2.1B | $3.8B | ||
| Q2 25 | $2.0B | $3.7B | ||
| Q1 25 | $2.1B | $3.1B | ||
| Q4 24 | $2.1B | $2.9B | ||
| Q3 24 | $2.1B | $2.9B | ||
| Q2 24 | $2.2B | $2.8B |
| Q1 26 | — | 1.58× | ||
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.23× | — | ||
| Q3 24 | 0.25× | — | ||
| Q2 24 | 0.26× | — |
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 | $47.0M | $92.6M |
| Free Cash FlowOCF − Capex | $48.1M | $50.1M |
| FCF MarginFCF / Revenue | 7.1% | 5.8% |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | 3.61× | 1.02× |
| TTM Free Cash FlowTrailing 4 quarters | $108.3M | $328.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.0M | $92.6M | ||
| Q4 25 | $58.7M | $127.0M | ||
| Q3 25 | $36.6M | $143.2M | ||
| Q2 25 | $-2.8M | $159.0M | ||
| Q1 25 | $31.5M | $50.6M | ||
| Q4 24 | $45.9M | $276.9M | ||
| Q3 24 | $39.0M | $32.6M | ||
| Q2 24 | $55.8M | $65.9M |
| Q1 26 | $48.1M | $50.1M | ||
| Q4 25 | $48.2M | $56.8M | ||
| Q3 25 | $25.8M | $94.9M | ||
| Q2 25 | $-13.8M | $126.3M | ||
| Q1 25 | $28.1M | $17.3M | ||
| Q4 24 | $37.2M | $224.4M | ||
| Q3 24 | $29.2M | $-7.7M | ||
| Q2 24 | $48.2M | $35.5M |
| Q1 26 | 7.1% | 5.8% | ||
| Q4 25 | 6.6% | 6.4% | ||
| Q3 25 | 3.7% | 11.0% | ||
| Q2 25 | -2.1% | 16.5% | ||
| Q1 25 | 4.3% | 2.5% | ||
| Q4 24 | 5.4% | 30.1% | ||
| Q3 24 | 4.3% | -1.1% | ||
| Q2 24 | 7.0% | 5.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 1.4% | 7.9% | ||
| Q3 25 | 1.5% | 5.6% | ||
| Q2 25 | 1.7% | 4.3% | ||
| Q1 25 | 0.5% | 4.9% | ||
| Q4 24 | 1.3% | 7.0% | ||
| Q3 24 | 1.4% | 6.0% | ||
| Q2 24 | 1.1% | 4.5% |
| Q1 26 | 3.61× | 1.02× | ||
| Q4 25 | — | 1.37× | ||
| Q3 25 | 2.57× | 1.74× | ||
| Q2 25 | -2.90× | 2.03× | ||
| Q1 25 | 8.65× | 0.67× | ||
| Q4 24 | — | 3.90× | ||
| Q3 24 | 2.54× | 0.47× | ||
| Q2 24 | 3.59× | 0.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
