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Side-by-side financial comparison of Babcock & Wilcox Enterprises, Inc. (BW) and VERACYTE, INC. (VCYT). Click either name above to swap in a different company.

VERACYTE, INC. is the larger business by last-quarter revenue ($140.6M vs $113.4M, roughly 1.2× Babcock & Wilcox Enterprises, Inc.). On growth, VERACYTE, INC. posted the faster year-over-year revenue change (18.5% vs 0.6%). VERACYTE, INC. produced more free cash flow last quarter ($48.8M vs $-7.2M). Over the past eight quarters, VERACYTE, INC.'s revenue compounded faster (20.5% 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.

Veracyte Inc. is a leading molecular diagnostics company that develops and commercializes proprietary genomic testing solutions for early, accurate detection of cancer and other complex diseases. Its offerings help healthcare providers make better clinical decisions to improve patient outcomes, with core operations in the U.S. and expanding global market presence across key clinical segments.

BW vs VCYT — Head-to-Head

Bigger by revenue
VCYT
VCYT
1.2× larger
VCYT
$140.6M
$113.4M
BW
Growing faster (revenue YoY)
VCYT
VCYT
+17.9% gap
VCYT
18.5%
0.6%
BW
More free cash flow
VCYT
VCYT
$56.0M more FCF
VCYT
$48.8M
$-7.2M
BW
Faster 2-yr revenue CAGR
VCYT
VCYT
Annualised
VCYT
20.5%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BW
BW
VCYT
VCYT
Revenue
$113.4M
$140.6M
Net Profit
$41.1M
Gross Margin
20.6%
72.5%
Operating Margin
0.2%
26.4%
Net Margin
29.3%
Revenue YoY
0.6%
18.5%
Net Profit YoY
704.8%
EPS (diluted)
$0.11
$0.50

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
VCYT
VCYT
Q4 25
$113.4M
$140.6M
Q3 25
$149.0M
$131.9M
Q2 25
$144.1M
$130.2M
Q1 25
$181.2M
$114.5M
Q4 24
$112.7M
$118.6M
Q3 24
$152.6M
$115.9M
Q2 24
$151.4M
$114.4M
Q1 24
$164.3M
$96.8M
Net Profit
BW
BW
VCYT
VCYT
Q4 25
$41.1M
Q3 25
$35.1M
$19.1M
Q2 25
$-58.5M
$-980.0K
Q1 25
$-22.0M
$7.0M
Q4 24
$-63.1M
$5.1M
Q3 24
$-5.3M
$15.2M
Q2 24
$25.4M
$5.7M
Q1 24
$-16.8M
$-1.9M
Gross Margin
BW
BW
VCYT
VCYT
Q4 25
20.6%
72.5%
Q3 25
24.9%
69.2%
Q2 25
30.0%
69.0%
Q1 25
22.1%
69.5%
Q4 24
16.7%
66.4%
Q3 24
23.7%
68.2%
Q2 24
21.8%
68.1%
Q1 24
23.6%
64.5%
Operating Margin
BW
BW
VCYT
VCYT
Q4 25
0.2%
26.4%
Q3 25
4.4%
17.4%
Q2 25
5.6%
-4.0%
Q1 25
3.2%
2.5%
Q4 24
-8.1%
3.5%
Q3 24
1.0%
10.4%
Q2 24
-2.9%
4.0%
Q1 24
3.5%
-4.8%
Net Margin
BW
BW
VCYT
VCYT
Q4 25
29.3%
Q3 25
23.5%
14.5%
Q2 25
-40.6%
-0.8%
Q1 25
-12.1%
6.2%
Q4 24
-56.0%
4.3%
Q3 24
-3.5%
13.1%
Q2 24
16.8%
5.0%
Q1 24
-10.2%
-1.9%
EPS (diluted)
BW
BW
VCYT
VCYT
Q4 25
$0.11
$0.50
Q3 25
$0.30
$0.24
Q2 25
$-0.63
$-0.01
Q1 25
$-0.26
$0.09
Q4 24
$-0.73
$0.07
Q3 24
$-0.10
$0.19
Q2 24
$0.24
$0.07
Q1 24
$-0.23
$-0.02

Balance Sheet & Financial Strength

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

Metric
BW
BW
VCYT
VCYT
Cash + ST InvestmentsLiquidity on hand
$89.5M
$362.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-131.5M
$1.3B
Total Assets
$662.9M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
VCYT
VCYT
Q4 25
$89.5M
$362.6M
Q3 25
$25.2M
$315.6M
Q2 25
$23.4M
$219.5M
Q1 25
$23.5M
$186.1M
Q4 24
$26.9M
$239.1M
Q3 24
$30.6M
$274.1M
Q2 24
$95.5M
$235.9M
Q1 24
$43.9M
$209.2M
Stockholders' Equity
BW
BW
VCYT
VCYT
Q4 25
$-131.5M
$1.3B
Q3 25
$-232.2M
$1.3B
Q2 25
$-309.2M
$1.2B
Q1 25
$-303.0M
$1.2B
Q4 24
$-283.8M
$1.2B
Q3 24
$-203.7M
$1.2B
Q2 24
$-198.9M
$1.1B
Q1 24
$-223.0M
$1.1B
Total Assets
BW
BW
VCYT
VCYT
Q4 25
$662.9M
$1.4B
Q3 25
$657.9M
$1.4B
Q2 25
$703.5M
$1.3B
Q1 25
$719.7M
$1.3B
Q4 24
$727.0M
$1.3B
Q3 24
$804.6M
$1.3B
Q2 24
$849.1M
$1.2B
Q1 24
$795.5M
$1.2B

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
VCYT
VCYT
Operating Cash FlowLast quarter
$-3.0M
$52.6M
Free Cash FlowOCF − Capex
$-7.2M
$48.8M
FCF MarginFCF / Revenue
-6.3%
34.7%
Capex IntensityCapex / Revenue
3.7%
2.7%
Cash ConversionOCF / Net Profit
1.28×
TTM Free Cash FlowTrailing 4 quarters
$-85.7M
$126.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
VCYT
VCYT
Q4 25
$-3.0M
$52.6M
Q3 25
$-32.1M
$44.8M
Q2 25
$-25.3M
$33.6M
Q1 25
$-8.5M
$5.4M
Q4 24
$-22.5M
$24.5M
Q3 24
$-69.5M
$30.0M
Q2 24
$-11.8M
$29.6M
Q1 24
$-14.9M
$-9.0M
Free Cash Flow
BW
BW
VCYT
VCYT
Q4 25
$-7.2M
$48.8M
Q3 25
$-37.6M
$42.0M
Q2 25
$-28.1M
$32.3M
Q1 25
$-12.8M
$3.5M
Q4 24
$-23.6M
$20.4M
Q3 24
$-71.6M
$27.7M
Q2 24
$-16.4M
$26.8M
Q1 24
$-18.3M
$-11.1M
FCF Margin
BW
BW
VCYT
VCYT
Q4 25
-6.3%
34.7%
Q3 25
-25.3%
31.8%
Q2 25
-19.5%
24.8%
Q1 25
-7.1%
3.1%
Q4 24
-20.9%
17.2%
Q3 24
-46.9%
23.9%
Q2 24
-10.8%
23.4%
Q1 24
-11.2%
-11.5%
Capex Intensity
BW
BW
VCYT
VCYT
Q4 25
3.7%
2.7%
Q3 25
3.7%
2.1%
Q2 25
1.9%
1.0%
Q1 25
2.4%
1.6%
Q4 24
1.0%
3.5%
Q3 24
1.4%
1.9%
Q2 24
3.0%
2.4%
Q1 24
2.1%
2.2%
Cash Conversion
BW
BW
VCYT
VCYT
Q4 25
1.28×
Q3 25
-0.92×
2.34×
Q2 25
Q1 25
0.76×
Q4 24
4.80×
Q3 24
1.98×
Q2 24
-0.46×
5.16×
Q1 24

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%

VCYT
VCYT

Testing$135.8M97%
Products$3.8M3%
Biopharmaceutical And Other$686.0K0%

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