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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and California Resources Corp (CRC). Click either name above to swap in a different company.

BWX Technologies, Inc. is the larger business by last-quarter revenue ($885.8M vs $679.0M, roughly 1.3× California Resources Corp). BWX Technologies, Inc. runs the higher net margin — 10.5% vs 1.8%, a 8.7% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (18.7% vs -17.8%). California Resources Corp produced more free cash flow last quarter ($115.0M vs $56.8M). Over the past eight quarters, California Resources Corp's revenue compounded faster (25.8% CAGR vs 21.1%).

BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

BWXT vs CRC — Head-to-Head

Bigger by revenue
BWXT
BWXT
1.3× larger
BWXT
$885.8M
$679.0M
CRC
Growing faster (revenue YoY)
BWXT
BWXT
+36.5% gap
BWXT
18.7%
-17.8%
CRC
Higher net margin
BWXT
BWXT
8.7% more per $
BWXT
10.5%
1.8%
CRC
More free cash flow
CRC
CRC
$58.2M more FCF
CRC
$115.0M
$56.8M
BWXT
Faster 2-yr revenue CAGR
CRC
CRC
Annualised
CRC
25.8%
21.1%
BWXT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BWXT
BWXT
CRC
CRC
Revenue
$885.8M
$679.0M
Net Profit
$93.0M
$12.0M
Gross Margin
Operating Margin
10.4%
6.9%
Net Margin
10.5%
1.8%
Revenue YoY
18.7%
-17.8%
Net Profit YoY
30.9%
-63.6%
EPS (diluted)
$1.02
$0.21

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
BWXT
BWXT
CRC
CRC
Q4 25
$885.8M
$679.0M
Q3 25
$866.3M
$715.0M
Q2 25
$764.0M
$702.0M
Q1 25
$682.3M
$814.0M
Q4 24
$746.3M
$826.0M
Q3 24
$672.0M
$870.0M
Q2 24
$681.5M
$412.0M
Q1 24
$604.0M
$429.0M
Net Profit
BWXT
BWXT
CRC
CRC
Q4 25
$93.0M
$12.0M
Q3 25
$82.1M
$64.0M
Q2 25
$78.4M
$172.0M
Q1 25
$75.5M
$115.0M
Q4 24
$71.0M
$33.0M
Q3 24
$69.5M
$345.0M
Q2 24
$73.0M
$8.0M
Q1 24
$68.5M
$-10.0M
Gross Margin
BWXT
BWXT
CRC
CRC
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 24
24.6%
Operating Margin
BWXT
BWXT
CRC
CRC
Q4 25
10.4%
6.9%
Q3 25
13.1%
13.7%
Q2 25
13.4%
38.0%
Q1 25
14.2%
22.9%
Q4 24
12.4%
8.2%
Q3 24
14.4%
59.5%
Q2 24
14.5%
9.2%
Q1 24
15.4%
-0.9%
Net Margin
BWXT
BWXT
CRC
CRC
Q4 25
10.5%
1.8%
Q3 25
9.5%
9.0%
Q2 25
10.3%
24.5%
Q1 25
11.1%
14.1%
Q4 24
9.5%
4.0%
Q3 24
10.3%
39.7%
Q2 24
10.7%
1.9%
Q1 24
11.3%
-2.3%
EPS (diluted)
BWXT
BWXT
CRC
CRC
Q4 25
$1.02
$0.21
Q3 25
$0.89
$0.76
Q2 25
$0.85
$1.92
Q1 25
$0.82
$1.26
Q4 24
$0.77
$0.87
Q3 24
$0.76
$3.78
Q2 24
$0.79
$0.11
Q1 24
$0.75
$-0.14

Balance Sheet & Financial Strength

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

Metric
BWXT
BWXT
CRC
CRC
Cash + ST InvestmentsLiquidity on hand
$499.8M
$132.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$3.7B
Total Assets
$4.3B
$7.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWXT
BWXT
CRC
CRC
Q4 25
$499.8M
$132.0M
Q3 25
$79.6M
$196.0M
Q2 25
$37.0M
$72.0M
Q1 25
$55.4M
$214.0M
Q4 24
$74.1M
$372.0M
Q3 24
$35.5M
$241.0M
Q2 24
$48.3M
$1.0B
Q1 24
$45.9M
$403.0M
Total Debt
BWXT
BWXT
CRC
CRC
Q4 25
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Q1 24
$541.0M
Stockholders' Equity
BWXT
BWXT
CRC
CRC
Q4 25
$1.2B
$3.7B
Q3 25
$1.2B
$3.4B
Q2 25
$1.2B
$3.4B
Q1 25
$1.1B
$3.5B
Q4 24
$1.1B
$3.5B
Q3 24
$1.1B
$3.5B
Q2 24
$998.5M
$2.1B
Q1 24
$946.2M
$2.1B
Total Assets
BWXT
BWXT
CRC
CRC
Q4 25
$4.3B
$7.4B
Q3 25
$3.8B
$6.8B
Q2 25
$3.7B
$6.7B
Q1 25
$3.1B
$6.8B
Q4 24
$2.9B
$7.1B
Q3 24
$2.9B
$7.1B
Q2 24
$2.8B
$4.5B
Q1 24
$2.8B
$3.9B
Debt / Equity
BWXT
BWXT
CRC
CRC
Q4 25
Q3 25
0.29×
Q2 25
0.30×
Q1 25
0.29×
Q4 24
0.32×
Q3 24
0.32×
Q2 24
0.57×
Q1 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
BWXT
BWXT
CRC
CRC
Operating Cash FlowLast quarter
$127.0M
$235.0M
Free Cash FlowOCF − Capex
$56.8M
$115.0M
FCF MarginFCF / Revenue
6.4%
16.9%
Capex IntensityCapex / Revenue
7.9%
17.7%
Cash ConversionOCF / Net Profit
1.37×
19.58×
TTM Free Cash FlowTrailing 4 quarters
$295.3M
$543.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWXT
BWXT
CRC
CRC
Q4 25
$127.0M
$235.0M
Q3 25
$143.2M
$279.0M
Q2 25
$159.0M
$165.0M
Q1 25
$50.6M
$186.0M
Q4 24
$276.9M
$206.0M
Q3 24
$32.6M
$220.0M
Q2 24
$65.9M
$97.0M
Q1 24
$33.0M
$87.0M
Free Cash Flow
BWXT
BWXT
CRC
CRC
Q4 25
$56.8M
$115.0M
Q3 25
$94.9M
$188.0M
Q2 25
$126.3M
$109.0M
Q1 25
$17.3M
$131.0M
Q4 24
$224.4M
$118.0M
Q3 24
$-7.7M
$141.0M
Q2 24
$35.5M
$63.0M
Q1 24
$2.6M
$33.0M
FCF Margin
BWXT
BWXT
CRC
CRC
Q4 25
6.4%
16.9%
Q3 25
11.0%
26.3%
Q2 25
16.5%
15.5%
Q1 25
2.5%
16.1%
Q4 24
30.1%
14.3%
Q3 24
-1.1%
16.2%
Q2 24
5.2%
15.3%
Q1 24
0.4%
7.7%
Capex Intensity
BWXT
BWXT
CRC
CRC
Q4 25
7.9%
17.7%
Q3 25
5.6%
12.7%
Q2 25
4.3%
8.0%
Q1 25
4.9%
6.8%
Q4 24
7.0%
10.7%
Q3 24
6.0%
9.1%
Q2 24
4.5%
8.3%
Q1 24
5.0%
12.6%
Cash Conversion
BWXT
BWXT
CRC
CRC
Q4 25
1.37×
19.58×
Q3 25
1.74×
4.36×
Q2 25
2.03×
0.96×
Q1 25
0.67×
1.62×
Q4 24
3.90×
6.24×
Q3 24
0.47×
0.64×
Q2 24
0.90×
12.13×
Q1 24
0.48×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BWXT
BWXT

Nuclear Component Program$436.4M49%
Nuclear Manufacturing$134.8M15%
Cost Plus Fee$116.1M13%
Uranium And Nuclear Services$103.8M12%
Commercial Operations$49.0M6%
Commercial Operations Segment$33.7M4%
Transferred At Point In Time$1.3M0%

CRC
CRC

Oil And Natural Gas Segment$645.0M95%
Natural Gas Production$26.0M4%
Other$7.0M1%

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