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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and COMMERCE BANCSHARES INC (CBSH). Click either name above to swap in a different company.
BWX Technologies, Inc. is the larger business by last-quarter revenue ($885.8M vs $475.7M, roughly 1.9× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 10.5%, a 19.3% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (18.7% vs 11.1%). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (21.1% CAGR vs 7.1%).
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
Commerce Bancshares, Inc. is a regional bank holding company headquartered in Missouri, with principal offices in Kansas City and St. Louis. It is the corporate parent of Commerce Bank, which offers a diversified line of financial services, including business and personal banking, wealth management and investments through its affiliated companies.
BWXT vs CBSH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $885.8M | $475.7M |
| Net Profit | $93.0M | $141.6M |
| Gross Margin | — | — |
| Operating Margin | 10.4% | — |
| Net Margin | 10.5% | 29.8% |
| Revenue YoY | 18.7% | 11.1% |
| Net Profit YoY | 30.9% | 10.5% |
| EPS (diluted) | $1.02 | $0.96 |
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 | — | $475.7M | ||
| Q4 25 | $885.8M | $449.4M | ||
| Q3 25 | $866.3M | $441.0M | ||
| Q2 25 | $764.0M | $445.8M | ||
| Q1 25 | $682.3M | $428.1M | ||
| Q4 24 | $746.3M | $422.1M | ||
| Q3 24 | $672.0M | $421.4M | ||
| Q2 24 | $681.5M | $414.5M |
| Q1 26 | — | $141.6M | ||
| Q4 25 | $93.0M | $140.7M | ||
| Q3 25 | $82.1M | $141.5M | ||
| Q2 25 | $78.4M | $152.5M | ||
| Q1 25 | $75.5M | $131.6M | ||
| Q4 24 | $71.0M | $136.1M | ||
| Q3 24 | $69.5M | $138.0M | ||
| Q2 24 | $73.0M | $139.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 21.8% | — | ||
| Q2 25 | 25.1% | — | ||
| Q1 25 | 24.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 24.4% | — | ||
| Q2 24 | 24.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 40.8% | ||
| Q3 25 | 13.1% | 41.9% | ||
| Q2 25 | 13.4% | 44.0% | ||
| Q1 25 | 14.2% | 39.2% | ||
| Q4 24 | 12.4% | 41.2% | ||
| Q3 24 | 14.4% | 42.4% | ||
| Q2 24 | 14.5% | 43.4% |
| Q1 26 | — | 29.8% | ||
| Q4 25 | 10.5% | 31.3% | ||
| Q3 25 | 9.5% | 32.1% | ||
| Q2 25 | 10.3% | 34.2% | ||
| Q1 25 | 11.1% | 30.7% | ||
| Q4 24 | 9.5% | 32.2% | ||
| Q3 24 | 10.3% | 32.8% | ||
| Q2 24 | 10.7% | 33.7% |
| Q1 26 | — | $0.96 | ||
| Q4 25 | $1.02 | $0.86 | ||
| Q3 25 | $0.89 | $1.06 | ||
| Q2 25 | $0.85 | $1.14 | ||
| Q1 25 | $0.82 | $0.98 | ||
| Q4 24 | $0.77 | $0.83 | ||
| Q3 24 | $0.76 | $1.01 | ||
| Q2 24 | $0.79 | $1.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $499.8M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $4.3B |
| Total Assets | $4.3B | $35.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $499.8M | — | ||
| Q3 25 | $79.6M | — | ||
| Q2 25 | $37.0M | — | ||
| Q1 25 | $55.4M | — | ||
| Q4 24 | $74.1M | — | ||
| Q3 24 | $35.5M | — | ||
| Q2 24 | $48.3M | — |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $1.2B | $3.8B | ||
| Q3 25 | $1.2B | $3.8B | ||
| Q2 25 | $1.2B | $3.6B | ||
| Q1 25 | $1.1B | $3.5B | ||
| Q4 24 | $1.1B | $3.3B | ||
| Q3 24 | $1.1B | $3.4B | ||
| Q2 24 | $998.5M | $3.1B |
| Q1 26 | — | $35.7B | ||
| Q4 25 | $4.3B | $32.9B | ||
| Q3 25 | $3.8B | $32.3B | ||
| Q2 25 | $3.7B | $32.3B | ||
| Q1 25 | $3.1B | $32.4B | ||
| Q4 24 | $2.9B | $32.0B | ||
| Q3 24 | $2.9B | $31.5B | ||
| Q2 24 | $2.8B | $30.6B |
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 | $127.0M | — |
| Free Cash FlowOCF − Capex | $56.8M | — |
| FCF MarginFCF / Revenue | 6.4% | — |
| Capex IntensityCapex / Revenue | 7.9% | — |
| Cash ConversionOCF / Net Profit | 1.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | $295.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $645.1M | ||
| Q3 25 | $143.2M | $129.0M | ||
| Q2 25 | $159.0M | $111.2M | ||
| Q1 25 | $50.6M | $138.6M | ||
| Q4 24 | $276.9M | $577.9M | ||
| Q3 24 | $32.6M | $431.7M | ||
| Q2 24 | $65.9M | $147.4M |
| Q1 26 | — | — | ||
| Q4 25 | $56.8M | $592.4M | ||
| Q3 25 | $94.9M | $113.3M | ||
| Q2 25 | $126.3M | $100.5M | ||
| Q1 25 | $17.3M | $126.0M | ||
| Q4 24 | $224.4M | $531.7M | ||
| Q3 24 | $-7.7M | $419.1M | ||
| Q2 24 | $35.5M | $138.9M |
| Q1 26 | — | — | ||
| Q4 25 | 6.4% | 131.8% | ||
| Q3 25 | 11.0% | 25.7% | ||
| Q2 25 | 16.5% | 22.5% | ||
| Q1 25 | 2.5% | 29.4% | ||
| Q4 24 | 30.1% | 126.0% | ||
| Q3 24 | -1.1% | 99.5% | ||
| Q2 24 | 5.2% | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 11.7% | ||
| Q3 25 | 5.6% | 3.6% | ||
| Q2 25 | 4.3% | 2.4% | ||
| Q1 25 | 4.9% | 2.9% | ||
| Q4 24 | 7.0% | 10.9% | ||
| Q3 24 | 6.0% | 3.0% | ||
| Q2 24 | 4.5% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 4.59× | ||
| Q3 25 | 1.74× | 0.91× | ||
| Q2 25 | 2.03× | 0.73× | ||
| Q1 25 | 0.67× | 1.05× | ||
| Q4 24 | 3.90× | 4.25× | ||
| Q3 24 | 0.47× | 3.13× | ||
| Q2 24 | 0.90× | 1.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
CBSH
Segment breakdown not available.
