vs
Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and FIRST HORIZON CORP (FHN). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $885.8M, roughly 1.0× BWX Technologies, Inc.). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 10.5%, a 18.9% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 18.7%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $56.8M). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (21.1% CAGR vs 20.0%).
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
BWXT vs FHN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $885.8M | $888.0M |
| Net Profit | $93.0M | $261.0M |
| Gross Margin | — | — |
| Operating Margin | 10.4% | 38.5% |
| Net Margin | 10.5% | 29.4% |
| Revenue YoY | 18.7% | 21.8% |
| Net Profit YoY | 30.9% | 57.2% |
| EPS (diluted) | $1.02 | $0.51 |
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.
| Q4 25 | $885.8M | $888.0M | ||
| Q3 25 | $866.3M | $889.0M | ||
| Q2 25 | $764.0M | $830.0M | ||
| Q1 25 | $682.3M | $812.0M | ||
| Q4 24 | $746.3M | $729.0M | ||
| Q3 24 | $672.0M | $827.0M | ||
| Q2 24 | $681.5M | — | ||
| Q1 24 | $604.0M | $819.0M |
| Q4 25 | $93.0M | $261.0M | ||
| Q3 25 | $82.1M | $262.0M | ||
| Q2 25 | $78.4M | $241.0M | ||
| Q1 25 | $75.5M | $218.0M | ||
| Q4 24 | $71.0M | $166.0M | ||
| Q3 24 | $69.5M | $218.0M | ||
| Q2 24 | $73.0M | — | ||
| Q1 24 | $68.5M | $192.0M |
| 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% | — |
| Q4 25 | 10.4% | 38.5% | ||
| Q3 25 | 13.1% | 38.7% | ||
| Q2 25 | 13.4% | 37.2% | ||
| Q1 25 | 14.2% | 35.1% | ||
| Q4 24 | 12.4% | 28.8% | ||
| Q3 24 | 14.4% | 34.0% | ||
| Q2 24 | 14.5% | — | ||
| Q1 24 | 15.4% | 31.0% |
| Q4 25 | 10.5% | 29.4% | ||
| Q3 25 | 9.5% | 29.5% | ||
| Q2 25 | 10.3% | 29.0% | ||
| Q1 25 | 11.1% | 26.8% | ||
| Q4 24 | 9.5% | 22.8% | ||
| Q3 24 | 10.3% | 26.4% | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 11.3% | 23.4% |
| Q4 25 | $1.02 | $0.51 | ||
| Q3 25 | $0.89 | $0.50 | ||
| Q2 25 | $0.85 | $0.45 | ||
| Q1 25 | $0.82 | $0.41 | ||
| Q4 24 | $0.77 | $0.29 | ||
| Q3 24 | $0.76 | $0.40 | ||
| Q2 24 | $0.79 | — | ||
| Q1 24 | $0.75 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $499.8M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $8.8B |
| Total Assets | $4.3B | $83.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $45.9M | — |
| Q4 25 | $1.2B | $8.8B | ||
| Q3 25 | $1.2B | $8.9B | ||
| Q2 25 | $1.2B | $9.0B | ||
| Q1 25 | $1.1B | $8.7B | ||
| Q4 24 | $1.1B | $8.8B | ||
| Q3 24 | $1.1B | $9.0B | ||
| Q2 24 | $998.5M | — | ||
| Q1 24 | $946.2M | $8.9B |
| Q4 25 | $4.3B | $83.9B | ||
| Q3 25 | $3.8B | $83.2B | ||
| Q2 25 | $3.7B | $82.1B | ||
| Q1 25 | $3.1B | $81.5B | ||
| Q4 24 | $2.9B | $82.2B | ||
| Q3 24 | $2.9B | $82.6B | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.8B | $81.8B |
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 | $396.0M |
| Free Cash FlowOCF − Capex | $56.8M | $389.0M |
| FCF MarginFCF / Revenue | 6.4% | 43.8% |
| Capex IntensityCapex / Revenue | 7.9% | 0.8% |
| Cash ConversionOCF / Net Profit | 1.37× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $295.3M | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.0M | $396.0M | ||
| Q3 25 | $143.2M | $-200.0M | ||
| Q2 25 | $159.0M | $83.0M | ||
| Q1 25 | $50.6M | $349.0M | ||
| Q4 24 | $276.9M | $191.0M | ||
| Q3 24 | $32.6M | $389.0M | ||
| Q2 24 | $65.9M | — | ||
| Q1 24 | $33.0M | $838.0M |
| Q4 25 | $56.8M | $389.0M | ||
| Q3 25 | $94.9M | $-208.0M | ||
| Q2 25 | $126.3M | $74.0M | ||
| Q1 25 | $17.3M | $340.0M | ||
| Q4 24 | $224.4M | $174.0M | ||
| Q3 24 | $-7.7M | $383.0M | ||
| Q2 24 | $35.5M | — | ||
| Q1 24 | $2.6M | $828.0M |
| Q4 25 | 6.4% | 43.8% | ||
| Q3 25 | 11.0% | -23.4% | ||
| Q2 25 | 16.5% | 8.9% | ||
| Q1 25 | 2.5% | 41.9% | ||
| Q4 24 | 30.1% | 23.9% | ||
| Q3 24 | -1.1% | 46.3% | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | 0.4% | 101.1% |
| Q4 25 | 7.9% | 0.8% | ||
| Q3 25 | 5.6% | 0.9% | ||
| Q2 25 | 4.3% | 1.1% | ||
| Q1 25 | 4.9% | 1.1% | ||
| Q4 24 | 7.0% | 2.3% | ||
| Q3 24 | 6.0% | 0.7% | ||
| Q2 24 | 4.5% | — | ||
| Q1 24 | 5.0% | 1.2% |
| Q4 25 | 1.37× | 1.52× | ||
| Q3 25 | 1.74× | -0.76× | ||
| Q2 25 | 2.03× | 0.34× | ||
| Q1 25 | 0.67× | 1.60× | ||
| Q4 24 | 3.90× | 1.15× | ||
| Q3 24 | 0.47× | 1.78× | ||
| Q2 24 | 0.90× | — | ||
| Q1 24 | 0.48× | 4.36× |
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% |
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
