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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and Graham Holdings Co (GHC). Click either name above to swap in a different company.
Graham Holdings Co is the larger business by last-quarter revenue ($1.3B vs $885.8M, roughly 1.4× BWX Technologies, Inc.). BWX Technologies, Inc. runs the higher net margin — 10.5% vs 8.7%, a 1.8% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (18.7% vs 0.4%). BWX Technologies, Inc. produced more free cash flow last quarter ($56.8M vs $5.0M). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (21.1% CAGR vs 4.2%).
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
BWXT vs GHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $885.8M | $1.3B |
| Net Profit | $93.0M | $108.7M |
| Gross Margin | — | — |
| Operating Margin | 10.4% | 3.8% |
| Net Margin | 10.5% | 8.7% |
| Revenue YoY | 18.7% | 0.4% |
| Net Profit YoY | 30.9% | -80.2% |
| EPS (diluted) | $1.02 | $24.76 |
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 | $1.3B | ||
| Q3 25 | $866.3M | $1.3B | ||
| Q2 25 | $764.0M | $1.2B | ||
| Q1 25 | $682.3M | $1.2B | ||
| Q4 24 | $746.3M | $1.2B | ||
| Q3 24 | $672.0M | $1.2B | ||
| Q2 24 | $681.5M | $1.2B | ||
| Q1 24 | $604.0M | $1.2B |
| Q4 25 | $93.0M | $108.7M | ||
| Q3 25 | $82.1M | $122.9M | ||
| Q2 25 | $78.4M | $36.7M | ||
| Q1 25 | $75.5M | $23.9M | ||
| Q4 24 | $71.0M | $548.8M | ||
| Q3 24 | $69.5M | $72.5M | ||
| Q2 24 | $73.0M | $-21.0M | ||
| Q1 24 | $68.5M | $124.4M |
| 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% | 3.8% | ||
| Q3 25 | 13.1% | 5.2% | ||
| Q2 25 | 13.4% | 6.0% | ||
| Q1 25 | 14.2% | 4.1% | ||
| Q4 24 | 12.4% | 5.8% | ||
| Q3 24 | 14.4% | 6.8% | ||
| Q2 24 | 14.5% | 2.2% | ||
| Q1 24 | 15.4% | 3.1% |
| Q4 25 | 10.5% | 8.7% | ||
| Q3 25 | 9.5% | 9.6% | ||
| Q2 25 | 10.3% | 3.0% | ||
| Q1 25 | 11.1% | 2.0% | ||
| Q4 24 | 9.5% | 44.1% | ||
| Q3 24 | 10.3% | 6.0% | ||
| Q2 24 | 10.7% | -1.8% | ||
| Q1 24 | 11.3% | 10.8% |
| Q4 25 | $1.02 | $24.76 | ||
| Q3 25 | $0.89 | $27.91 | ||
| Q2 25 | $0.85 | $8.35 | ||
| Q1 25 | $0.82 | $5.45 | ||
| Q4 24 | $0.77 | $124.05 | ||
| Q3 24 | $0.76 | $16.42 | ||
| Q2 24 | $0.79 | $-4.79 | ||
| Q1 24 | $0.75 | $27.72 |
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 | $267.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $4.8B |
| Total Assets | $4.3B | $8.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $499.8M | $267.0M | ||
| Q3 25 | $79.6M | $190.8M | ||
| Q2 25 | $37.0M | $176.2M | ||
| Q1 25 | $55.4M | $156.7M | ||
| Q4 24 | $74.1M | $260.9M | ||
| Q3 24 | $35.5M | $244.4M | ||
| Q2 24 | $48.3M | $140.7M | ||
| Q1 24 | $45.9M | $130.9M |
| Q4 25 | $1.2B | $4.8B | ||
| Q3 25 | $1.2B | $4.5B | ||
| Q2 25 | $1.2B | $4.4B | ||
| Q1 25 | $1.1B | $4.3B | ||
| Q4 24 | $1.1B | $4.3B | ||
| Q3 24 | $1.1B | $4.0B | ||
| Q2 24 | $998.5M | $4.0B | ||
| Q1 24 | $946.2M | $4.0B |
| Q4 25 | $4.3B | $8.4B | ||
| Q3 25 | $3.8B | $7.9B | ||
| Q2 25 | $3.7B | $7.6B | ||
| Q1 25 | $3.1B | $7.6B | ||
| Q4 24 | $2.9B | $7.7B | ||
| Q3 24 | $2.9B | $7.4B | ||
| Q2 24 | $2.8B | $7.2B | ||
| Q1 24 | $2.8B | $7.3B |
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 | $28.3M |
| Free Cash FlowOCF − Capex | $56.8M | $5.0M |
| FCF MarginFCF / Revenue | 6.4% | 0.4% |
| Capex IntensityCapex / Revenue | 7.9% | 1.9% |
| Cash ConversionOCF / Net Profit | 1.37× | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | $295.3M | $275.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.0M | $28.3M | ||
| Q3 25 | $143.2M | $178.1M | ||
| Q2 25 | $159.0M | $94.8M | ||
| Q1 25 | $50.6M | $46.0M | ||
| Q4 24 | $276.9M | $116.3M | ||
| Q3 24 | $32.6M | $237.6M | ||
| Q2 24 | $65.9M | $52.0M | ||
| Q1 24 | $33.0M | $1.1M |
| Q4 25 | $56.8M | $5.0M | ||
| Q3 25 | $94.9M | $161.8M | ||
| Q2 25 | $126.3M | $78.0M | ||
| Q1 25 | $17.3M | $30.5M | ||
| Q4 24 | $224.4M | $91.1M | ||
| Q3 24 | $-7.7M | $219.4M | ||
| Q2 24 | $35.5M | $33.7M | ||
| Q1 24 | $2.6M | $-20.2M |
| Q4 25 | 6.4% | 0.4% | ||
| Q3 25 | 11.0% | 12.6% | ||
| Q2 25 | 16.5% | 6.4% | ||
| Q1 25 | 2.5% | 2.6% | ||
| Q4 24 | 30.1% | 7.3% | ||
| Q3 24 | -1.1% | 18.2% | ||
| Q2 24 | 5.2% | 2.8% | ||
| Q1 24 | 0.4% | -1.8% |
| Q4 25 | 7.9% | 1.9% | ||
| Q3 25 | 5.6% | 1.3% | ||
| Q2 25 | 4.3% | 1.4% | ||
| Q1 25 | 4.9% | 1.3% | ||
| Q4 24 | 7.0% | 2.0% | ||
| Q3 24 | 6.0% | 1.5% | ||
| Q2 24 | 4.5% | 1.5% | ||
| Q1 24 | 5.0% | 1.8% |
| Q4 25 | 1.37× | 0.26× | ||
| Q3 25 | 1.74× | 1.45× | ||
| Q2 25 | 2.03× | 2.58× | ||
| Q1 25 | 0.67× | 1.93× | ||
| Q4 24 | 3.90× | 0.21× | ||
| Q3 24 | 0.47× | 3.28× | ||
| Q2 24 | 0.90× | — | ||
| Q1 24 | 0.48× | 0.01× |
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% |
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
