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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $885.8M, roughly 1.6× BWX Technologies, Inc.). BWX Technologies, Inc. runs the higher net margin — 10.5% vs -7.3%, a 17.8% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (18.7% vs 3.1%). BWX Technologies, Inc. produced more free cash flow last quarter ($56.8M vs $35.0M).
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
BWXT vs LINE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $885.8M | $1.4B |
| Net Profit | $93.0M | $-100.0M |
| Gross Margin | — | 32.3% |
| Operating Margin | 10.4% | 2.5% |
| Net Margin | 10.5% | -7.3% |
| Revenue YoY | 18.7% | 3.1% |
| Net Profit YoY | 30.9% | 79.4% |
| EPS (diluted) | $1.02 | $-0.44 |
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 | — | ||
| Q3 25 | $866.3M | $1.4B | ||
| Q2 25 | $764.0M | $1.4B | ||
| Q1 25 | $682.3M | $1.3B | ||
| Q4 24 | $746.3M | $1.3B | ||
| Q3 24 | $672.0M | $1.3B | ||
| Q2 24 | $681.5M | $1.3B | ||
| Q1 24 | $604.0M | $1.3B |
| Q4 25 | $93.0M | — | ||
| Q3 25 | $82.1M | $-100.0M | ||
| Q2 25 | $78.4M | $-6.0M | ||
| Q1 25 | $75.5M | $0 | ||
| Q4 24 | $71.0M | $-71.0M | ||
| Q3 24 | $69.5M | $-485.0M | ||
| Q2 24 | $73.0M | $-68.0M | ||
| Q1 24 | $68.5M | $-40.0M |
| Q4 25 | — | — | ||
| Q3 25 | 21.8% | 32.3% | ||
| Q2 25 | 25.1% | 31.9% | ||
| Q1 25 | 24.2% | 32.2% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | 24.4% | 32.8% | ||
| Q2 24 | 24.7% | 33.4% | ||
| Q1 24 | 24.6% | 33.4% |
| Q4 25 | 10.4% | — | ||
| Q3 25 | 13.1% | 2.5% | ||
| Q2 25 | 13.4% | 1.7% | ||
| Q1 25 | 14.2% | 4.3% | ||
| Q4 24 | 12.4% | -1.6% | ||
| Q3 24 | 14.4% | -38.6% | ||
| Q2 24 | 14.5% | 5.5% | ||
| Q1 24 | 15.4% | 7.6% |
| Q4 25 | 10.5% | — | ||
| Q3 25 | 9.5% | -7.3% | ||
| Q2 25 | 10.3% | -0.4% | ||
| Q1 25 | 11.1% | — | ||
| Q4 24 | 9.5% | -5.3% | ||
| Q3 24 | 10.3% | -36.3% | ||
| Q2 24 | 10.7% | -5.1% | ||
| Q1 24 | 11.3% | -3.0% |
| Q4 25 | $1.02 | — | ||
| Q3 25 | $0.89 | $-0.44 | ||
| Q2 25 | $0.85 | $-0.03 | ||
| Q1 25 | $0.82 | $0.01 | ||
| Q4 24 | $0.77 | $-0.52 | ||
| Q3 24 | $0.76 | $-2.44 | ||
| Q2 24 | $0.79 | $-0.46 | ||
| Q1 24 | $0.75 | $-0.28 |
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 | $8.4B |
| Total Assets | $4.3B | $19.2B |
| 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 | $173.0M | ||
| Q3 24 | $35.5M | $409.0M | ||
| Q2 24 | $48.3M | $73.0M | ||
| Q1 24 | $45.9M | — |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $8.4B | ||
| Q2 25 | $1.2B | $8.6B | ||
| Q1 25 | $1.1B | $8.6B | ||
| Q4 24 | $1.1B | $8.6B | ||
| Q3 24 | $1.1B | $9.0B | ||
| Q2 24 | $998.5M | $4.9B | ||
| Q1 24 | $946.2M | $5.6B |
| Q4 25 | $4.3B | — | ||
| Q3 25 | $3.8B | $19.2B | ||
| Q2 25 | $3.7B | $19.4B | ||
| Q1 25 | $3.1B | $18.8B | ||
| Q4 24 | $2.9B | $18.7B | ||
| Q3 24 | $2.9B | $19.3B | ||
| Q2 24 | $2.8B | $18.8B | ||
| Q1 24 | $2.8B | — |
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 | $230.0M |
| Free Cash FlowOCF − Capex | $56.8M | $35.0M |
| FCF MarginFCF / Revenue | 6.4% | 2.5% |
| Capex IntensityCapex / Revenue | 7.9% | 14.2% |
| Cash ConversionOCF / Net Profit | 1.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | $295.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.0M | — | ||
| Q3 25 | $143.2M | $230.0M | ||
| Q2 25 | $159.0M | $258.0M | ||
| Q1 25 | $50.6M | $139.0M | ||
| Q4 24 | $276.9M | — | ||
| Q3 24 | $32.6M | $186.0M | ||
| Q2 24 | $65.9M | $155.0M | ||
| Q1 24 | $33.0M | $105.0M |
| Q4 25 | $56.8M | — | ||
| Q3 25 | $94.9M | $35.0M | ||
| Q2 25 | $126.3M | $95.0M | ||
| Q1 25 | $17.3M | $-12.0M | ||
| Q4 24 | $224.4M | — | ||
| Q3 24 | $-7.7M | $33.0M | ||
| Q2 24 | $35.5M | $-31.0M | ||
| Q1 24 | $2.6M | $-42.0M |
| Q4 25 | 6.4% | — | ||
| Q3 25 | 11.0% | 2.5% | ||
| Q2 25 | 16.5% | 7.0% | ||
| Q1 25 | 2.5% | -0.9% | ||
| Q4 24 | 30.1% | — | ||
| Q3 24 | -1.1% | 2.5% | ||
| Q2 24 | 5.2% | -2.3% | ||
| Q1 24 | 0.4% | -3.2% |
| Q4 25 | 7.9% | — | ||
| Q3 25 | 5.6% | 14.2% | ||
| Q2 25 | 4.3% | 12.1% | ||
| Q1 25 | 4.9% | 11.7% | ||
| Q4 24 | 7.0% | — | ||
| Q3 24 | 6.0% | 11.5% | ||
| Q2 24 | 4.5% | 13.9% | ||
| Q1 24 | 5.0% | 11.1% |
| Q4 25 | 1.37× | — | ||
| Q3 25 | 1.74× | — | ||
| Q2 25 | 2.03× | — | ||
| Q1 25 | 0.67× | — | ||
| Q4 24 | 3.90× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.90× | — | ||
| Q1 24 | 0.48× | — |
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% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
