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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and Cboe Global Markets (CBOE). Click either name above to swap in a different company.
Cboe Global Markets is the larger business by last-quarter revenue ($1.3B vs $860.2M, roughly 1.5× BWX Technologies, Inc.). Cboe Global Markets runs the higher net margin — 30.3% vs 10.6%, a 19.7% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (26.1% vs 6.5%). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (14.3% CAGR vs 12.4%).
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
Cboe Global Markets, Inc. is an American financial exchange operator headquartered in Chicago. It owns and operates a portfolio of exchanges and trading venues across equities, options, futures, and digital assets.
BWXT vs CBOE — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $860.2M | $1.3B |
| Net Profit | $91.2M | $385.7M |
| Gross Margin | — | 57.3% |
| Operating Margin | 12.4% | 39.7% |
| Net Margin | 10.6% | 30.3% |
| Revenue YoY | 26.1% | 6.5% |
| Net Profit YoY | 20.7% | 53.9% |
| EPS (diluted) | $0.99 | $3.66 |
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 | $860.2M | $1.3B | ||
| Q4 25 | $885.8M | $1.2B | ||
| Q3 25 | $866.3M | $1.1B | ||
| Q2 25 | $764.0M | $1.2B | ||
| Q1 25 | $682.3M | $1.2B | ||
| Q4 24 | $746.3M | $1.1B | ||
| Q3 24 | $672.0M | $1.1B | ||
| Q2 24 | $681.5M | $974.0M |
| Q1 26 | $91.2M | $385.7M | ||
| Q4 25 | $93.0M | $313.5M | ||
| Q3 25 | $82.1M | $300.8M | ||
| Q2 25 | $78.4M | $235.1M | ||
| Q1 25 | $75.5M | $250.6M | ||
| Q4 24 | $71.0M | $196.5M | ||
| Q3 24 | $69.5M | $218.5M | ||
| Q2 24 | $73.0M | $140.4M |
| Q1 26 | — | 57.3% | ||
| Q4 25 | — | 55.7% | ||
| Q3 25 | 21.8% | 53.0% | ||
| Q2 25 | 25.1% | 50.0% | ||
| Q1 25 | 24.2% | 47.3% | ||
| Q4 24 | — | 47.4% | ||
| Q3 24 | 24.4% | 50.4% | ||
| Q2 24 | 24.7% | 52.8% |
| Q1 26 | 12.4% | 39.7% | ||
| Q4 25 | 10.4% | 33.5% | ||
| Q3 25 | 13.1% | 32.4% | ||
| Q2 25 | 13.4% | 28.9% | ||
| Q1 25 | 14.2% | 29.6% | ||
| Q4 24 | 12.4% | 27.0% | ||
| Q3 24 | 14.4% | 29.1% | ||
| Q2 24 | 14.5% | 21.6% |
| Q1 26 | 10.6% | 30.3% | ||
| Q4 25 | 10.5% | 26.0% | ||
| Q3 25 | 9.5% | 26.3% | ||
| Q2 25 | 10.3% | 20.0% | ||
| Q1 25 | 11.1% | 21.0% | ||
| Q4 24 | 9.5% | 17.7% | ||
| Q3 24 | 10.3% | 20.7% | ||
| Q2 24 | 10.7% | 14.4% |
| Q1 26 | $0.99 | $3.66 | ||
| Q4 25 | $1.02 | $2.97 | ||
| Q3 25 | $0.89 | $2.85 | ||
| Q2 25 | $0.85 | $2.23 | ||
| Q1 25 | $0.82 | $2.37 | ||
| Q4 24 | $0.77 | $1.85 | ||
| Q3 24 | $0.76 | $2.07 | ||
| Q2 24 | $0.79 | $1.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $512.4M | $2.1B |
| Total DebtLower is stronger | $2.0B | $1.4B |
| Stockholders' EquityBook value | $1.3B | $5.4B |
| Total Assets | $4.3B | $11.1B |
| Debt / EquityLower = less leverage | 1.58× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.4M | $2.1B | ||
| Q4 25 | $499.8M | $2.3B | ||
| Q3 25 | $79.6M | $1.5B | ||
| Q2 25 | $37.0M | $1.5B | ||
| Q1 25 | $55.4M | $1.2B | ||
| Q4 24 | $74.1M | $1.0B | ||
| Q3 24 | $35.5M | $763.2M | ||
| Q2 24 | $48.3M | $698.3M |
| Q1 26 | $2.0B | $1.4B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B |
| Q1 26 | $1.3B | $5.4B | ||
| Q4 25 | $1.2B | $5.1B | ||
| Q3 25 | $1.2B | $4.9B | ||
| Q2 25 | $1.2B | $4.7B | ||
| Q1 25 | $1.1B | $4.5B | ||
| Q4 24 | $1.1B | $4.3B | ||
| Q3 24 | $1.1B | $4.2B | ||
| Q2 24 | $998.5M | $4.0B |
| Q1 26 | $4.3B | $11.1B | ||
| Q4 25 | $4.3B | $9.3B | ||
| Q3 25 | $3.8B | $9.1B | ||
| Q2 25 | $3.7B | $9.0B | ||
| Q1 25 | $3.1B | $8.7B | ||
| Q4 24 | $2.9B | $7.8B | ||
| Q3 24 | $2.9B | $8.7B | ||
| Q2 24 | $2.8B | $9.3B |
| Q1 26 | 1.58× | 0.27× | ||
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.36× |
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 | $92.6M | — |
| Free Cash FlowOCF − Capex | $50.1M | — |
| FCF MarginFCF / Revenue | 5.8% | — |
| Capex IntensityCapex / Revenue | 4.9% | — |
| Cash ConversionOCF / Net Profit | 1.02× | — |
| TTM Free Cash FlowTrailing 4 quarters | $328.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $92.6M | — | ||
| Q4 25 | $127.0M | $352.1M | ||
| Q3 25 | $143.2M | $153.9M | ||
| Q2 25 | $159.0M | $333.7M | ||
| Q1 25 | $50.6M | $912.9M | ||
| Q4 24 | $276.9M | $-710.4M | ||
| Q3 24 | $32.6M | $-578.5M | ||
| Q2 24 | $65.9M | $1.5B |
| Q1 26 | $50.1M | — | ||
| Q4 25 | $56.8M | $332.1M | ||
| Q3 25 | $94.9M | $137.9M | ||
| Q2 25 | $126.3M | $313.4M | ||
| Q1 25 | $17.3M | $898.2M | ||
| Q4 24 | $224.4M | $-734.2M | ||
| Q3 24 | $-7.7M | $-590.5M | ||
| Q2 24 | $35.5M | $1.5B |
| Q1 26 | 5.8% | — | ||
| Q4 25 | 6.4% | 27.6% | ||
| Q3 25 | 11.0% | 12.1% | ||
| Q2 25 | 16.5% | 26.7% | ||
| Q1 25 | 2.5% | 75.2% | ||
| Q4 24 | 30.1% | -66.3% | ||
| Q3 24 | -1.1% | -55.9% | ||
| Q2 24 | 5.2% | 151.6% |
| Q1 26 | 4.9% | — | ||
| Q4 25 | 7.9% | 1.7% | ||
| Q3 25 | 5.6% | 1.4% | ||
| Q2 25 | 4.3% | 1.7% | ||
| Q1 25 | 4.9% | 1.2% | ||
| Q4 24 | 7.0% | 2.1% | ||
| Q3 24 | 6.0% | 1.1% | ||
| Q2 24 | 4.5% | 1.8% |
| Q1 26 | 1.02× | — | ||
| Q4 25 | 1.37× | 1.12× | ||
| Q3 25 | 1.74× | 0.51× | ||
| Q2 25 | 2.03× | 1.42× | ||
| Q1 25 | 0.67× | 3.64× | ||
| Q4 24 | 3.90× | -3.62× | ||
| Q3 24 | 0.47× | -2.65× | ||
| Q2 24 | 0.90× | 10.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BWXT
Segment breakdown not available.
CBOE
| Derivatives markets | $609.3M | 48% |
| Cash and spot markets | $482.2M | 38% |
| Data Vantage | $181.3M | 14% |
