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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
BWX Technologies, Inc. is the larger business by last-quarter revenue ($885.8M vs $219.1M, roughly 4.0× Iridium Communications Inc.). BWX Technologies, Inc. runs the higher net margin — 10.5% vs 9.9%, a 0.6% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (18.7% vs 1.9%). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (21.1% CAGR vs 4.4%).
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
Iridium Communications Inc. is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging se...
BWXT vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $885.8M | $219.1M |
| Net Profit | $93.0M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | 10.4% | 23.2% |
| Net Margin | 10.5% | 9.9% |
| Revenue YoY | 18.7% | 1.9% |
| Net Profit YoY | 30.9% | -29.0% |
| EPS (diluted) | $1.02 | — |
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 | — | $219.1M | ||
| Q4 25 | $885.8M | $212.9M | ||
| Q3 25 | $866.3M | $226.9M | ||
| Q2 25 | $764.0M | $216.9M | ||
| Q1 25 | $682.3M | $214.9M | ||
| Q4 24 | $746.3M | $213.0M | ||
| Q3 24 | $672.0M | $212.8M | ||
| Q2 24 | $681.5M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $93.0M | $24.9M | ||
| Q3 25 | $82.1M | $37.1M | ||
| Q2 25 | $78.4M | $22.0M | ||
| Q1 25 | $75.5M | $30.4M | ||
| Q4 24 | $71.0M | $36.3M | ||
| Q3 24 | $69.5M | $24.4M | ||
| Q2 24 | $73.0M | $32.3M |
| 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% | — |
| Q1 26 | — | 23.2% | ||
| Q4 25 | 10.4% | 25.9% | ||
| Q3 25 | 13.1% | 30.9% | ||
| Q2 25 | 13.4% | 23.2% | ||
| Q1 25 | 14.2% | 28.1% | ||
| Q4 24 | 12.4% | 24.5% | ||
| Q3 24 | 14.4% | 25.8% | ||
| Q2 24 | 14.5% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 10.5% | 11.7% | ||
| Q3 25 | 9.5% | 16.4% | ||
| Q2 25 | 10.3% | 10.1% | ||
| Q1 25 | 11.1% | 14.2% | ||
| Q4 24 | 9.5% | 17.1% | ||
| Q3 24 | 10.3% | 11.5% | ||
| Q2 24 | 10.7% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $1.02 | $0.24 | ||
| Q3 25 | $0.89 | $0.35 | ||
| Q2 25 | $0.85 | $0.20 | ||
| Q1 25 | $0.82 | $0.27 | ||
| Q4 24 | $0.77 | $0.30 | ||
| Q3 24 | $0.76 | $0.21 | ||
| Q2 24 | $0.79 | $0.27 |
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 | — |
| Total Assets | $4.3B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $499.8M | $96.5M | ||
| Q3 25 | $79.6M | $88.5M | ||
| Q2 25 | $37.0M | $79.3M | ||
| Q1 25 | $55.4M | $50.9M | ||
| Q4 24 | $74.1M | $93.5M | ||
| Q3 24 | $35.5M | $159.6M | ||
| Q2 24 | $48.3M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $462.6M | ||
| Q3 25 | $1.2B | $450.5M | ||
| Q2 25 | $1.2B | $473.6M | ||
| Q1 25 | $1.1B | $518.4M | ||
| Q4 24 | $1.1B | $576.6M | ||
| Q3 24 | $1.1B | $663.8M | ||
| Q2 24 | $998.5M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $4.3B | $2.5B | ||
| Q3 25 | $3.8B | $2.6B | ||
| Q2 25 | $3.7B | $2.6B | ||
| Q1 25 | $3.1B | $2.6B | ||
| Q4 24 | $2.9B | $2.7B | ||
| Q3 24 | $2.9B | $2.8B | ||
| Q2 24 | $2.8B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% | 13.7% |
| 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 | $108.6M | ||
| Q3 25 | $143.2M | $100.8M | ||
| Q2 25 | $159.0M | $129.6M | ||
| Q1 25 | $50.6M | $61.1M | ||
| Q4 24 | $276.9M | $104.8M | ||
| Q3 24 | $32.6M | $118.6M | ||
| Q2 24 | $65.9M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $56.8M | $75.1M | ||
| Q3 25 | $94.9M | $79.2M | ||
| Q2 25 | $126.3M | $108.9M | ||
| Q1 25 | $17.3M | $36.5M | ||
| Q4 24 | $224.4M | $80.5M | ||
| Q3 24 | $-7.7M | $100.0M | ||
| Q2 24 | $35.5M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 6.4% | 35.3% | ||
| Q3 25 | 11.0% | 34.9% | ||
| Q2 25 | 16.5% | 50.2% | ||
| Q1 25 | 2.5% | 17.0% | ||
| Q4 24 | 30.1% | 37.8% | ||
| Q3 24 | -1.1% | 47.0% | ||
| Q2 24 | 5.2% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 7.9% | 15.7% | ||
| Q3 25 | 5.6% | 9.5% | ||
| Q2 25 | 4.3% | 9.5% | ||
| Q1 25 | 4.9% | 11.4% | ||
| Q4 24 | 7.0% | 11.4% | ||
| Q3 24 | 6.0% | 8.7% | ||
| Q2 24 | 4.5% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 4.37× | ||
| Q3 25 | 1.74× | 2.71× | ||
| Q2 25 | 2.03× | 5.90× | ||
| Q1 25 | 0.67× | 2.01× | ||
| Q4 24 | 3.90× | 2.88× | ||
| Q3 24 | 0.47× | 4.85× | ||
| Q2 24 | 0.90× | 2.51× |
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $43.9M | 20% |
| Government | $35.8M | 16% |
| Government service revenue (5) | $26.8M | 12% |
| Subscriber equipment | $23.1M | 11% |
| Hosted payload and other data service (4) | $14.9M | 7% |
| Broadband (3) | $12.9M | 6% |
| Commercial | $1.6M | 1% |
