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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and F5, Inc. (FFIV). Click either name above to swap in a different company.
BWX Technologies, Inc. is the larger business by last-quarter revenue ($885.8M vs $811.7M, roughly 1.1× F5, Inc.). F5, Inc. runs the higher net margin — 18.2% vs 10.5%, a 7.7% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (18.7% vs 11.0%). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (21.1% CAGR vs 8.0%).
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
BWXT vs FFIV — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $885.8M | $811.7M |
| Net Profit | $93.0M | $148.0M |
| Gross Margin | — | 81.4% |
| Operating Margin | 10.4% | 22.1% |
| Net Margin | 10.5% | 18.2% |
| Revenue YoY | 18.7% | 11.0% |
| Net Profit YoY | 30.9% | 1.5% |
| EPS (diluted) | $1.02 | $2.58 |
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 | — | $811.7M | ||
| Q4 25 | $885.8M | $822.5M | ||
| Q3 25 | $866.3M | $810.1M | ||
| Q2 25 | $764.0M | $780.4M | ||
| Q1 25 | $682.3M | $731.1M | ||
| Q4 24 | $746.3M | $766.5M | ||
| Q3 24 | $672.0M | $746.7M | ||
| Q2 24 | $681.5M | $695.5M |
| Q1 26 | — | $148.0M | ||
| Q4 25 | $93.0M | $180.1M | ||
| Q3 25 | $82.1M | $190.5M | ||
| Q2 25 | $78.4M | $189.9M | ||
| Q1 25 | $75.5M | $145.5M | ||
| Q4 24 | $71.0M | $166.4M | ||
| Q3 24 | $69.5M | $165.3M | ||
| Q2 24 | $73.0M | $144.1M |
| Q1 26 | — | 81.4% | ||
| Q4 25 | — | 81.5% | ||
| Q3 25 | 21.8% | 82.2% | ||
| Q2 25 | 25.1% | 81.0% | ||
| Q1 25 | 24.2% | 80.7% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | 24.4% | 80.8% | ||
| Q2 24 | 24.7% | 80.4% |
| Q1 26 | — | 22.1% | ||
| Q4 25 | 10.4% | 26.0% | ||
| Q3 25 | 13.1% | 25.4% | ||
| Q2 25 | 13.4% | 25.2% | ||
| Q1 25 | 14.2% | 21.7% | ||
| Q4 24 | 12.4% | 26.8% | ||
| Q3 24 | 14.4% | 25.6% | ||
| Q2 24 | 14.5% | 23.4% |
| Q1 26 | — | 18.2% | ||
| Q4 25 | 10.5% | 21.9% | ||
| Q3 25 | 9.5% | 23.5% | ||
| Q2 25 | 10.3% | 24.3% | ||
| Q1 25 | 11.1% | 19.9% | ||
| Q4 24 | 9.5% | 21.7% | ||
| Q3 24 | 10.3% | 22.1% | ||
| Q2 24 | 10.7% | 20.7% |
| Q1 26 | — | $2.58 | ||
| Q4 25 | $1.02 | $3.10 | ||
| Q3 25 | $0.89 | $3.25 | ||
| Q2 25 | $0.85 | $3.25 | ||
| Q1 25 | $0.82 | $2.48 | ||
| Q4 24 | $0.77 | $2.82 | ||
| Q3 24 | $0.76 | $2.79 | ||
| Q2 24 | $0.79 | $2.44 |
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 | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $3.6B |
| Total Assets | $4.3B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $499.8M | $1.2B | ||
| Q3 25 | $79.6M | $1.3B | ||
| Q2 25 | $37.0M | $1.4B | ||
| Q1 25 | $55.4M | $1.3B | ||
| Q4 24 | $74.1M | $1.2B | ||
| Q3 24 | $35.5M | $1.1B | ||
| Q2 24 | $48.3M | $935.6M |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $1.2B | $3.5B | ||
| Q3 25 | $1.2B | $3.6B | ||
| Q2 25 | $1.2B | $3.5B | ||
| Q1 25 | $1.1B | $3.3B | ||
| Q4 24 | $1.1B | $3.2B | ||
| Q3 24 | $1.1B | $3.1B | ||
| Q2 24 | $998.5M | $3.0B |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $4.3B | $6.3B | ||
| Q3 25 | $3.8B | $6.3B | ||
| Q2 25 | $3.7B | $6.1B | ||
| Q1 25 | $3.1B | $5.9B | ||
| Q4 24 | $2.9B | $5.9B | ||
| Q3 24 | $2.9B | $5.6B | ||
| Q2 24 | $2.8B | $5.4B |
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 | $525.1M |
| Free Cash FlowOCF − Capex | $56.8M | — |
| FCF MarginFCF / Revenue | 6.4% | — |
| Capex IntensityCapex / Revenue | 7.9% | — |
| Cash ConversionOCF / Net Profit | 1.37× | 3.55× |
| TTM Free Cash FlowTrailing 4 quarters | $295.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $525.1M | ||
| Q4 25 | $127.0M | $159.2M | ||
| Q3 25 | $143.2M | $208.1M | ||
| Q2 25 | $159.0M | $282.2M | ||
| Q1 25 | $50.6M | $256.6M | ||
| Q4 24 | $276.9M | $202.8M | ||
| Q3 24 | $32.6M | $246.5M | ||
| Q2 24 | $65.9M | $159.0M |
| Q1 26 | — | — | ||
| Q4 25 | $56.8M | $149.5M | ||
| Q3 25 | $94.9M | $191.9M | ||
| Q2 25 | $126.3M | $273.7M | ||
| Q1 25 | $17.3M | $246.1M | ||
| Q4 24 | $224.4M | $194.7M | ||
| Q3 24 | $-7.7M | $240.4M | ||
| Q2 24 | $35.5M | $153.1M |
| Q1 26 | — | — | ||
| Q4 25 | 6.4% | 18.2% | ||
| Q3 25 | 11.0% | 23.7% | ||
| Q2 25 | 16.5% | 35.1% | ||
| Q1 25 | 2.5% | 33.7% | ||
| Q4 24 | 30.1% | 25.4% | ||
| Q3 24 | -1.1% | 32.2% | ||
| Q2 24 | 5.2% | 22.0% |
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 1.2% | ||
| Q3 25 | 5.6% | 2.0% | ||
| Q2 25 | 4.3% | 1.1% | ||
| Q1 25 | 4.9% | 1.4% | ||
| Q4 24 | 7.0% | 1.1% | ||
| Q3 24 | 6.0% | 0.8% | ||
| Q2 24 | 4.5% | 0.8% |
| Q1 26 | — | 3.55× | ||
| Q4 25 | 1.37× | 0.88× | ||
| Q3 25 | 1.74× | 1.09× | ||
| Q2 25 | 2.03× | 1.49× | ||
| Q1 25 | 0.67× | 1.76× | ||
| Q4 24 | 3.90× | 1.22× | ||
| Q3 24 | 0.47× | 1.49× | ||
| Q2 24 | 0.90× | 1.10× |
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% |
FFIV
Segment breakdown not available.
