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Side-by-side financial comparison of Babcock & Wilcox Enterprises, Inc. (BW) and SECURITY NATIONAL FINANCIAL CORP (SNFCA). Click either name above to swap in a different company.

Babcock & Wilcox Enterprises, Inc. is the larger business by last-quarter revenue ($113.4M vs $83.0M, roughly 1.4× SECURITY NATIONAL FINANCIAL CORP). On growth, SECURITY NATIONAL FINANCIAL CORP posted the faster year-over-year revenue change (4.7% vs 0.6%). SECURITY NATIONAL FINANCIAL CORP produced more free cash flow last quarter ($43.8M vs $-7.2M). Over the past eight quarters, SECURITY NATIONAL FINANCIAL CORP's revenue compounded faster (1.1% CAGR vs -16.9%).

Babcock & Wilcox Enterprises, Inc. is an American energy technology and service provider that is active and has operations in many international markets with its headquarters in Akron, Ohio. Historically, the company is best known for their steam boilers.

CNO Financial Group, Inc., formerly Conseco, Inc., is an American financial services holding company based in Carmel, Indiana. Its insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than four million customers in the United States. These products are distributed through independent agents, career agents and direct to customers through television advertising and direct mail.

BW vs SNFCA — Head-to-Head

Bigger by revenue
BW
BW
1.4× larger
BW
$113.4M
$83.0M
SNFCA
Growing faster (revenue YoY)
SNFCA
SNFCA
+4.1% gap
SNFCA
4.7%
0.6%
BW
More free cash flow
SNFCA
SNFCA
$51.0M more FCF
SNFCA
$43.8M
$-7.2M
BW
Faster 2-yr revenue CAGR
SNFCA
SNFCA
Annualised
SNFCA
1.1%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BW
BW
SNFCA
SNFCA
Revenue
$113.4M
$83.0M
Net Profit
$13.5M
Gross Margin
20.6%
98.6%
Operating Margin
0.2%
20.9%
Net Margin
16.3%
Revenue YoY
0.6%
4.7%
Net Profit YoY
430.9%
EPS (diluted)
$0.11
$0.52

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.

Revenue
BW
BW
SNFCA
SNFCA
Q4 25
$113.4M
$83.0M
Q3 25
$149.0M
$89.3M
Q2 25
$144.1M
$89.5M
Q1 25
$181.2M
$82.7M
Q4 24
$112.7M
$79.3M
Q3 24
$152.6M
$88.3M
Q2 24
$151.4M
$85.8M
Q1 24
$164.3M
$81.2M
Net Profit
BW
BW
SNFCA
SNFCA
Q4 25
$13.5M
Q3 25
$35.1M
$7.8M
Q2 25
$-58.5M
$6.5M
Q1 25
$-22.0M
$4.3M
Q4 24
$-63.1M
$2.5M
Q3 24
$-5.3M
$11.8M
Q2 24
$25.4M
$7.3M
Q1 24
$-16.8M
$7.5M
Gross Margin
BW
BW
SNFCA
SNFCA
Q4 25
20.6%
98.6%
Q3 25
24.9%
98.8%
Q2 25
30.0%
98.7%
Q1 25
22.1%
98.5%
Q4 24
16.7%
98.5%
Q3 24
23.7%
98.7%
Q2 24
21.8%
98.6%
Q1 24
23.6%
98.4%
Operating Margin
BW
BW
SNFCA
SNFCA
Q4 25
0.2%
20.9%
Q3 25
4.4%
11.4%
Q2 25
5.6%
9.3%
Q1 25
3.2%
6.7%
Q4 24
-8.1%
4.0%
Q3 24
1.0%
17.2%
Q2 24
-2.9%
10.9%
Q1 24
3.5%
11.8%
Net Margin
BW
BW
SNFCA
SNFCA
Q4 25
16.3%
Q3 25
23.5%
8.7%
Q2 25
-40.6%
7.3%
Q1 25
-12.1%
5.2%
Q4 24
-56.0%
3.2%
Q3 24
-3.5%
13.4%
Q2 24
16.8%
8.5%
Q1 24
-10.2%
9.2%
EPS (diluted)
BW
BW
SNFCA
SNFCA
Q4 25
$0.11
$0.52
Q3 25
$0.30
$0.31
Q2 25
$-0.63
$0.25
Q1 25
$-0.26
$0.18
Q4 24
$-0.73
$0.09
Q3 24
$-0.10
$0.47
Q2 24
$0.24
$0.29
Q1 24
$-0.23
$0.31

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BW
BW
SNFCA
SNFCA
Cash + ST InvestmentsLiquidity on hand
$89.5M
$102.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-131.5M
$410.4M
Total Assets
$662.9M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
SNFCA
SNFCA
Q4 25
$89.5M
$102.3M
Q3 25
$25.2M
$100.4M
Q2 25
$23.4M
$79.3M
Q1 25
$23.5M
$132.9M
Q4 24
$26.9M
$140.5M
Q3 24
$30.6M
$170.7M
Q2 24
$95.5M
$143.6M
Q1 24
$43.9M
$150.9M
Stockholders' Equity
BW
BW
SNFCA
SNFCA
Q4 25
$-131.5M
$410.4M
Q3 25
$-232.2M
$365.4M
Q2 25
$-309.2M
$354.8M
Q1 25
$-303.0M
$346.5M
Q4 24
$-283.8M
$381.9M
Q3 24
$-203.7M
$346.3M
Q2 24
$-198.9M
$325.8M
Q1 24
$-223.0M
$320.1M
Total Assets
BW
BW
SNFCA
SNFCA
Q4 25
$662.9M
$1.6B
Q3 25
$657.9M
$1.6B
Q2 25
$703.5M
$1.5B
Q1 25
$719.7M
$1.5B
Q4 24
$727.0M
$1.5B
Q3 24
$804.6M
$1.5B
Q2 24
$849.1M
$1.5B
Q1 24
$795.5M
$1.4B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BW
BW
SNFCA
SNFCA
Operating Cash FlowLast quarter
$-3.0M
$45.5M
Free Cash FlowOCF − Capex
$-7.2M
$43.8M
FCF MarginFCF / Revenue
-6.3%
52.8%
Capex IntensityCapex / Revenue
3.7%
2.0%
Cash ConversionOCF / Net Profit
3.38×
TTM Free Cash FlowTrailing 4 quarters
$-85.7M
$69.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
SNFCA
SNFCA
Q4 25
$-3.0M
$45.5M
Q3 25
$-32.1M
$25.6M
Q2 25
$-25.3M
$-7.7M
Q1 25
$-8.5M
$9.6M
Q4 24
$-22.5M
$57.3M
Q3 24
$-69.5M
$26.8M
Q2 24
$-11.8M
$-17.0M
Q1 24
$-14.9M
$25.1M
Free Cash Flow
BW
BW
SNFCA
SNFCA
Q4 25
$-7.2M
$43.8M
Q3 25
$-37.6M
$24.9M
Q2 25
$-28.1M
$-8.1M
Q1 25
$-12.8M
$9.1M
Q4 24
$-23.6M
$54.8M
Q3 24
$-71.6M
$26.6M
Q2 24
$-16.4M
$-17.1M
Q1 24
$-18.3M
$24.8M
FCF Margin
BW
BW
SNFCA
SNFCA
Q4 25
-6.3%
52.8%
Q3 25
-25.3%
27.9%
Q2 25
-19.5%
-9.1%
Q1 25
-7.1%
11.1%
Q4 24
-20.9%
69.2%
Q3 24
-46.9%
30.2%
Q2 24
-10.8%
-20.0%
Q1 24
-11.2%
30.6%
Capex Intensity
BW
BW
SNFCA
SNFCA
Q4 25
3.7%
2.0%
Q3 25
3.7%
0.8%
Q2 25
1.9%
0.5%
Q1 25
2.4%
0.5%
Q4 24
1.0%
3.1%
Q3 24
1.4%
0.2%
Q2 24
3.0%
0.2%
Q1 24
2.1%
0.3%
Cash Conversion
BW
BW
SNFCA
SNFCA
Q4 25
3.38×
Q3 25
-0.92×
3.28×
Q2 25
-1.18×
Q1 25
2.21×
Q4 24
22.55×
Q3 24
2.26×
Q2 24
-0.46×
-2.33×
Q1 24
3.36×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BW
BW

Construction$98.8M87%
Other$14.6M13%

SNFCA
SNFCA

Life Insurance$29.9M36%
Mortgage$24.8M30%
Other$21.3M26%
Timing Of Revenue Recognition Goods Transferred At A Point In Time$4.6M6%
Timing Of Revenue Recognition Services Transferred At A Point In Time$2.4M3%

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