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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and HORACE MANN EDUCATORS CORP (HMN). Click either name above to swap in a different company.

BWX Technologies, Inc. is the larger business by last-quarter revenue ($860.2M vs $434.8M, roughly 2.0× HORACE MANN EDUCATORS CORP). On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (26.1% vs 6.3%). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (12.4% CAGR vs 6.1%).

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

Horace Mann is an Illinois-based auto, property, supplemental and life insurance, as well as financial services company that focuses on retirement annuities and mutual funds. Horace Mann primarily works with educators and their families.

BWXT vs HMN — Head-to-Head

Bigger by revenue
BWXT
BWXT
2.0× larger
BWXT
$860.2M
$434.8M
HMN
Growing faster (revenue YoY)
BWXT
BWXT
+19.8% gap
BWXT
26.1%
6.3%
HMN
Faster 2-yr revenue CAGR
BWXT
BWXT
Annualised
BWXT
12.4%
6.1%
HMN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BWXT
BWXT
HMN
HMN
Revenue
$860.2M
$434.8M
Net Profit
$91.2M
Gross Margin
Operating Margin
12.4%
10.5%
Net Margin
10.6%
Revenue YoY
26.1%
6.3%
Net Profit YoY
20.7%
EPS (diluted)
$0.99
$0.87

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
HMN
HMN
Q1 26
$860.2M
Q4 25
$885.8M
$434.8M
Q3 25
$866.3M
$438.5M
Q2 25
$764.0M
$411.7M
Q1 25
$682.3M
$416.4M
Q4 24
$746.3M
$409.0M
Q3 24
$672.0M
$412.1M
Q2 24
$681.5M
$388.1M
Net Profit
BWXT
BWXT
HMN
HMN
Q1 26
$91.2M
Q4 25
$93.0M
Q3 25
$82.1M
$58.3M
Q2 25
$78.4M
$29.4M
Q1 25
$75.5M
$38.2M
Q4 24
$71.0M
Q3 24
$69.5M
$34.3M
Q2 24
$73.0M
$3.8M
Gross Margin
BWXT
BWXT
HMN
HMN
Q1 26
Q4 25
Q3 25
21.8%
Q2 25
25.1%
Q1 25
24.2%
Q4 24
Q3 24
24.4%
Q2 24
24.7%
Operating Margin
BWXT
BWXT
HMN
HMN
Q1 26
12.4%
Q4 25
10.4%
10.5%
Q3 25
13.1%
16.3%
Q2 25
13.4%
8.9%
Q1 25
14.2%
11.4%
Q4 24
12.4%
11.8%
Q3 24
14.4%
10.4%
Q2 24
14.5%
1.2%
Net Margin
BWXT
BWXT
HMN
HMN
Q1 26
10.6%
Q4 25
10.5%
Q3 25
9.5%
13.3%
Q2 25
10.3%
7.1%
Q1 25
11.1%
9.2%
Q4 24
9.5%
Q3 24
10.3%
8.3%
Q2 24
10.7%
1.0%
EPS (diluted)
BWXT
BWXT
HMN
HMN
Q1 26
$0.99
Q4 25
$1.02
$0.87
Q3 25
$0.89
$1.40
Q2 25
$0.85
$0.71
Q1 25
$0.82
$0.92
Q4 24
$0.77
$0.92
Q3 24
$0.76
$0.83
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
HMN
HMN
Cash + ST InvestmentsLiquidity on hand
$512.4M
$27.5M
Total DebtLower is stronger
$2.0B
$593.4M
Stockholders' EquityBook value
$1.3B
$1.5B
Total Assets
$4.3B
$15.3B
Debt / EquityLower = less leverage
1.58×
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWXT
BWXT
HMN
HMN
Q1 26
$512.4M
Q4 25
$499.8M
$27.5M
Q3 25
$79.6M
$46.7M
Q2 25
$37.0M
Q1 25
$55.4M
Q4 24
$74.1M
$38.1M
Q3 24
$35.5M
Q2 24
$48.3M
Total Debt
BWXT
BWXT
HMN
HMN
Q1 26
$2.0B
Q4 25
$593.4M
Q3 25
$842.9M
Q2 25
$547.5M
Q1 25
$547.2M
Q4 24
$547.0M
Q3 24
$546.7M
Q2 24
$546.5M
Stockholders' Equity
BWXT
BWXT
HMN
HMN
Q1 26
$1.3B
Q4 25
$1.2B
$1.5B
Q3 25
$1.2B
$1.4B
Q2 25
$1.2B
$1.4B
Q1 25
$1.1B
$1.3B
Q4 24
$1.1B
$1.3B
Q3 24
$1.1B
$1.3B
Q2 24
$998.5M
$1.2B
Total Assets
BWXT
BWXT
HMN
HMN
Q1 26
$4.3B
Q4 25
$4.3B
$15.3B
Q3 25
$3.8B
$15.5B
Q2 25
$3.7B
$14.7B
Q1 25
$3.1B
$14.4B
Q4 24
$2.9B
$14.5B
Q3 24
$2.9B
$14.7B
Q2 24
$2.8B
$14.3B
Debt / Equity
BWXT
BWXT
HMN
HMN
Q1 26
1.58×
Q4 25
0.40×
Q3 25
0.58×
Q2 25
0.40×
Q1 25
0.41×
Q4 24
0.42×
Q3 24
0.42×
Q2 24
0.45×

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
HMN
HMN
Operating Cash FlowLast quarter
$92.6M
$553.2M
Free Cash FlowOCF − Capex
$50.1M
FCF MarginFCF / Revenue
5.8%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
1.02×
TTM Free Cash FlowTrailing 4 quarters
$328.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWXT
BWXT
HMN
HMN
Q1 26
$92.6M
Q4 25
$127.0M
$553.2M
Q3 25
$143.2M
$151.2M
Q2 25
$159.0M
$131.3M
Q1 25
$50.6M
$140.8M
Q4 24
$276.9M
$452.1M
Q3 24
$32.6M
$143.9M
Q2 24
$65.9M
$40.2M
Free Cash Flow
BWXT
BWXT
HMN
HMN
Q1 26
$50.1M
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
FCF Margin
BWXT
BWXT
HMN
HMN
Q1 26
5.8%
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%
Capex Intensity
BWXT
BWXT
HMN
HMN
Q1 26
4.9%
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%
Cash Conversion
BWXT
BWXT
HMN
HMN
Q1 26
1.02×
Q4 25
1.37×
Q3 25
1.74×
2.59×
Q2 25
2.03×
4.47×
Q1 25
0.67×
3.69×
Q4 24
3.90×
Q3 24
0.47×
4.20×
Q2 24
0.90×
10.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BWXT
BWXT

Segment breakdown not available.

HMN
HMN

Property And Casualty$224.3M52%
Life And Retirement$139.6M32%
Supplemental And Group Benefits$77.0M18%

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