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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and EXACT SCIENCES CORP (EXAS). Click either name above to swap in a different company.

EXACT SCIENCES CORP is the larger business by last-quarter revenue ($878.4M vs $860.2M, roughly 1.0× BWX Technologies, Inc.). BWX Technologies, Inc. runs the higher net margin — 10.6% vs -9.8%, a 20.4% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (26.1% vs 23.1%). EXACT SCIENCES CORP produced more free cash flow last quarter ($120.4M vs $50.1M). Over the past eight quarters, EXACT SCIENCES CORP's revenue compounded faster (17.4% CAGR vs 12.4%).

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

Exact Sciences Corporation is an American molecular diagnostics company based in Madison, Wisconsin, specializing in the detection of early-stage cancers. The company provides products for the detection and prevention of colorectal cancer, including Cologuard, the first stool DNA test for colorectal cancer, along with additional screening and precision oncological tests for other types of cancer.

BWXT vs EXAS — Head-to-Head

Bigger by revenue
EXAS
EXAS
1.0× larger
EXAS
$878.4M
$860.2M
BWXT
Growing faster (revenue YoY)
BWXT
BWXT
+3.0% gap
BWXT
26.1%
23.1%
EXAS
Higher net margin
BWXT
BWXT
20.4% more per $
BWXT
10.6%
-9.8%
EXAS
More free cash flow
EXAS
EXAS
$70.3M more FCF
EXAS
$120.4M
$50.1M
BWXT
Faster 2-yr revenue CAGR
EXAS
EXAS
Annualised
EXAS
17.4%
12.4%
BWXT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BWXT
BWXT
EXAS
EXAS
Revenue
$860.2M
$878.4M
Net Profit
$91.2M
$-86.0M
Gross Margin
70.1%
Operating Margin
12.4%
-9.4%
Net Margin
10.6%
-9.8%
Revenue YoY
26.1%
23.1%
Net Profit YoY
20.7%
90.1%
EPS (diluted)
$0.99
$-0.45

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
EXAS
EXAS
Q1 26
$860.2M
Q4 25
$885.8M
$878.4M
Q3 25
$866.3M
$850.7M
Q2 25
$764.0M
$811.1M
Q1 25
$682.3M
$706.8M
Q4 24
$746.3M
$713.4M
Q3 24
$672.0M
$708.7M
Q2 24
$681.5M
$699.3M
Net Profit
BWXT
BWXT
EXAS
EXAS
Q1 26
$91.2M
Q4 25
$93.0M
$-86.0M
Q3 25
$82.1M
$-19.6M
Q2 25
$78.4M
$-1.2M
Q1 25
$75.5M
$-101.2M
Q4 24
$71.0M
$-864.6M
Q3 24
$69.5M
$-38.2M
Q2 24
$73.0M
$-15.8M
Gross Margin
BWXT
BWXT
EXAS
EXAS
Q1 26
Q4 25
70.1%
Q3 25
21.8%
68.6%
Q2 25
25.1%
69.3%
Q1 25
24.2%
70.8%
Q4 24
69.0%
Q3 24
24.4%
69.4%
Q2 24
24.7%
69.8%
Operating Margin
BWXT
BWXT
EXAS
EXAS
Q1 26
12.4%
Q4 25
10.4%
-9.4%
Q3 25
13.1%
-3.0%
Q2 25
13.4%
-0.3%
Q1 25
14.2%
-13.6%
Q4 24
12.4%
-122.8%
Q3 24
14.4%
-5.6%
Q2 24
14.5%
-3.8%
Net Margin
BWXT
BWXT
EXAS
EXAS
Q1 26
10.6%
Q4 25
10.5%
-9.8%
Q3 25
9.5%
-2.3%
Q2 25
10.3%
-0.1%
Q1 25
11.1%
-14.3%
Q4 24
9.5%
-121.2%
Q3 24
10.3%
-5.4%
Q2 24
10.7%
-2.3%
EPS (diluted)
BWXT
BWXT
EXAS
EXAS
Q1 26
$0.99
Q4 25
$1.02
$-0.45
Q3 25
$0.89
$-0.10
Q2 25
$0.85
$-0.01
Q1 25
$0.82
$-0.54
Q4 24
$0.77
$-4.69
Q3 24
$0.76
$-0.21
Q2 24
$0.79
$-0.09

Balance Sheet & Financial Strength

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

Metric
BWXT
BWXT
EXAS
EXAS
Cash + ST InvestmentsLiquidity on hand
$512.4M
$964.7M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$1.3B
$2.4B
Total Assets
$4.3B
$5.9B
Debt / EquityLower = less leverage
1.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWXT
BWXT
EXAS
EXAS
Q1 26
$512.4M
Q4 25
$499.8M
$964.7M
Q3 25
$79.6M
$1.0B
Q2 25
$37.0M
$858.4M
Q1 25
$55.4M
$786.2M
Q4 24
$74.1M
$1.0B
Q3 24
$35.5M
$1.0B
Q2 24
$48.3M
$946.8M
Total Debt
BWXT
BWXT
EXAS
EXAS
Q1 26
$2.0B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
BWXT
BWXT
EXAS
EXAS
Q1 26
$1.3B
Q4 25
$1.2B
$2.4B
Q3 25
$1.2B
$2.5B
Q2 25
$1.2B
$2.5B
Q1 25
$1.1B
$2.4B
Q4 24
$1.1B
$2.4B
Q3 24
$1.1B
$3.2B
Q2 24
$998.5M
$3.2B
Total Assets
BWXT
BWXT
EXAS
EXAS
Q1 26
$4.3B
Q4 25
$4.3B
$5.9B
Q3 25
$3.8B
$5.9B
Q2 25
$3.7B
$5.8B
Q1 25
$3.1B
$5.7B
Q4 24
$2.9B
$5.9B
Q3 24
$2.9B
$6.7B
Q2 24
$2.8B
$6.7B
Debt / Equity
BWXT
BWXT
EXAS
EXAS
Q1 26
1.58×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

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
EXAS
EXAS
Operating Cash FlowLast quarter
$92.6M
$151.7M
Free Cash FlowOCF − Capex
$50.1M
$120.4M
FCF MarginFCF / Revenue
5.8%
13.7%
Capex IntensityCapex / Revenue
4.9%
3.6%
Cash ConversionOCF / Net Profit
1.02×
TTM Free Cash FlowTrailing 4 quarters
$328.1M
$356.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWXT
BWXT
EXAS
EXAS
Q1 26
$92.6M
Q4 25
$127.0M
$151.7M
Q3 25
$143.2M
$219.9M
Q2 25
$159.0M
$89.0M
Q1 25
$50.6M
$30.8M
Q4 24
$276.9M
$47.1M
Q3 24
$32.6M
$138.7M
Q2 24
$65.9M
$107.1M
Free Cash Flow
BWXT
BWXT
EXAS
EXAS
Q1 26
$50.1M
Q4 25
$56.8M
$120.4M
Q3 25
$94.9M
$190.0M
Q2 25
$126.3M
$46.7M
Q1 25
$17.3M
$-365.0K
Q4 24
$224.4M
$10.7M
Q3 24
$-7.7M
$112.6M
Q2 24
$35.5M
$71.2M
FCF Margin
BWXT
BWXT
EXAS
EXAS
Q1 26
5.8%
Q4 25
6.4%
13.7%
Q3 25
11.0%
22.3%
Q2 25
16.5%
5.8%
Q1 25
2.5%
-0.1%
Q4 24
30.1%
1.5%
Q3 24
-1.1%
15.9%
Q2 24
5.2%
10.2%
Capex Intensity
BWXT
BWXT
EXAS
EXAS
Q1 26
4.9%
Q4 25
7.9%
3.6%
Q3 25
5.6%
3.5%
Q2 25
4.3%
5.2%
Q1 25
4.9%
4.4%
Q4 24
7.0%
5.1%
Q3 24
6.0%
3.7%
Q2 24
4.5%
5.1%
Cash Conversion
BWXT
BWXT
EXAS
EXAS
Q1 26
1.02×
Q4 25
1.37×
Q3 25
1.74×
Q2 25
2.03×
Q1 25
0.67×
Q4 24
3.90×
Q3 24
0.47×
Q2 24
0.90×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BWXT
BWXT

Segment breakdown not available.

EXAS
EXAS

Screening$695.1M79%
Precision Oncology$183.2M21%

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