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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and WARRIOR MET COAL, INC. (HCC). Click either name above to swap in a different company.
BWX Technologies, Inc. is the larger business by last-quarter revenue ($885.8M vs $458.6M, roughly 1.9× WARRIOR MET COAL, INC.). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs 10.5%, a 5.3% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs 18.7%). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (21.1% CAGR vs 7.5%).
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
Warrior Met Coal, Inc. (ticker HCC) is a U.S.-headquartered mining enterprise that produces and distributes high-grade metallurgical coal, a key raw material for steel production. It serves steel manufacturers and industrial clients across core markets including North America, Europe, and Asia.
BWXT vs HCC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $885.8M | $458.6M |
| Net Profit | $93.0M | $72.3M |
| Gross Margin | — | 36.7% |
| Operating Margin | 10.4% | 17.3% |
| Net Margin | 10.5% | 15.8% |
| Revenue YoY | 18.7% | 52.1% |
| Net Profit YoY | 30.9% | — |
| EPS (diluted) | $1.02 | $1.37 |
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 | — | $458.6M | ||
| Q4 25 | $885.8M | $384.0M | ||
| Q3 25 | $866.3M | $328.6M | ||
| Q2 25 | $764.0M | $297.5M | ||
| Q1 25 | $682.3M | $299.9M | ||
| Q4 24 | $746.3M | $297.5M | ||
| Q3 24 | $672.0M | $327.7M | ||
| Q2 24 | $681.5M | $396.5M |
| Q1 26 | — | $72.3M | ||
| Q4 25 | $93.0M | $23.0M | ||
| Q3 25 | $82.1M | $36.6M | ||
| Q2 25 | $78.4M | $5.6M | ||
| Q1 25 | $75.5M | $-8.2M | ||
| Q4 24 | $71.0M | $1.1M | ||
| Q3 24 | $69.5M | $41.8M | ||
| Q2 24 | $73.0M | $70.7M |
| Q1 26 | — | 36.7% | ||
| Q4 25 | — | 29.5% | ||
| Q3 25 | 21.8% | 27.1% | ||
| Q2 25 | 25.1% | 23.9% | ||
| Q1 25 | 24.2% | 18.1% | ||
| Q4 24 | — | 23.1% | ||
| Q3 24 | 24.4% | 29.3% | ||
| Q2 24 | 24.7% | 34.1% |
| Q1 26 | — | 17.3% | ||
| Q4 25 | 10.4% | 9.0% | ||
| Q3 25 | 13.1% | 6.3% | ||
| Q2 25 | 13.4% | 2.6% | ||
| Q1 25 | 14.2% | -5.8% | ||
| Q4 24 | 12.4% | -1.4% | ||
| Q3 24 | 14.4% | 11.9% | ||
| Q2 24 | 14.5% | 17.9% |
| Q1 26 | — | 15.8% | ||
| Q4 25 | 10.5% | 6.0% | ||
| Q3 25 | 9.5% | 11.1% | ||
| Q2 25 | 10.3% | 1.9% | ||
| Q1 25 | 11.1% | -2.7% | ||
| Q4 24 | 9.5% | 0.4% | ||
| Q3 24 | 10.3% | 12.7% | ||
| Q2 24 | 10.7% | 17.8% |
| Q1 26 | — | $1.37 | ||
| Q4 25 | $1.02 | $0.43 | ||
| Q3 25 | $0.89 | $0.70 | ||
| Q2 25 | $0.85 | $0.11 | ||
| Q1 25 | $0.82 | $-0.16 | ||
| Q4 24 | $0.77 | $0.02 | ||
| Q3 24 | $0.76 | $0.80 | ||
| Q2 24 | $0.79 | $1.35 |
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 | $233.2M |
| Total DebtLower is stronger | — | $154.4M |
| Stockholders' EquityBook value | $1.2B | — |
| Total Assets | $4.3B | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $233.2M | ||
| Q4 25 | $499.8M | $300.0M | ||
| Q3 25 | $79.6M | $336.3M | ||
| Q2 25 | $37.0M | $383.3M | ||
| Q1 25 | $55.4M | $454.9M | ||
| Q4 24 | $74.1M | $491.5M | ||
| Q3 24 | $35.5M | $583.2M | ||
| Q2 24 | $48.3M | $709.0M |
| Q1 26 | — | $154.4M | ||
| Q4 25 | — | $154.3M | ||
| Q3 25 | — | $154.1M | ||
| Q2 25 | — | $153.9M | ||
| Q1 25 | — | $153.8M | ||
| Q4 24 | — | $153.6M | ||
| Q3 24 | — | $153.5M | ||
| Q2 24 | — | $153.3M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $1.1B | $2.1B | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | $998.5M | $2.0B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $4.3B | $2.8B | ||
| Q3 25 | $3.8B | $2.7B | ||
| Q2 25 | $3.7B | $2.6B | ||
| Q1 25 | $3.1B | $2.6B | ||
| Q4 24 | $2.9B | $2.6B | ||
| Q3 24 | $2.9B | $2.6B | ||
| Q2 24 | $2.8B | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.07× |
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 | — |
| Free Cash FlowOCF − Capex | $56.8M | — |
| FCF MarginFCF / Revenue | 6.4% | — |
| Capex IntensityCapex / Revenue | 7.9% | — |
| Cash ConversionOCF / Net Profit | 1.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | $295.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $76.1M | ||
| Q3 25 | $143.2M | $104.7M | ||
| Q2 25 | $159.0M | $37.5M | ||
| Q1 25 | $50.6M | $10.9M | ||
| Q4 24 | $276.9M | $54.2M | ||
| Q3 24 | $32.6M | $62.2M | ||
| Q2 24 | $65.9M | $147.0M |
| Q1 26 | — | — | ||
| Q4 25 | $56.8M | — | ||
| Q3 25 | $94.9M | — | ||
| Q2 25 | $126.3M | — | ||
| Q1 25 | $17.3M | — | ||
| Q4 24 | $224.4M | — | ||
| Q3 24 | $-7.7M | — | ||
| Q2 24 | $35.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.4% | — | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 16.5% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 30.1% | — | ||
| Q3 24 | -1.1% | — | ||
| Q2 24 | 5.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | 7.0% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 4.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 3.31× | ||
| Q3 25 | 1.74× | 2.86× | ||
| Q2 25 | 2.03× | 6.70× | ||
| Q1 25 | 0.67× | — | ||
| Q4 24 | 3.90× | 47.68× | ||
| Q3 24 | 0.47× | 1.49× | ||
| Q2 24 | 0.90× | 2.08× |
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% |
HCC
| Sales | $448.5M | 98% |
| Other revenues | $10.1M | 2% |
