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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and MetLife (MET). Click either name above to swap in a different company.

BWX Technologies, Inc. is the larger business by last-quarter revenue ($860.2M vs $600.0M, roughly 1.4× MetLife). MetLife runs the higher net margin — 134.8% vs 10.6%, a 124.2% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (26.1% vs 7.9%). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (12.4% CAGR vs 2.0%).

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

MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with around 90 million customers in over 60 countries. The firm was founded on March 24, 1868. MetLife ranked No. 43 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

BWXT vs MET — Head-to-Head

Bigger by revenue
BWXT
BWXT
1.4× larger
BWXT
$860.2M
$600.0M
MET
Growing faster (revenue YoY)
BWXT
BWXT
+18.2% gap
BWXT
26.1%
7.9%
MET
Higher net margin
MET
MET
124.2% more per $
MET
134.8%
10.6%
BWXT
Faster 2-yr revenue CAGR
BWXT
BWXT
Annualised
BWXT
12.4%
2.0%
MET

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BWXT
BWXT
MET
MET
Revenue
$860.2M
$600.0M
Net Profit
$91.2M
$809.0M
Gross Margin
Operating Margin
12.4%
Net Margin
10.6%
134.8%
Revenue YoY
26.1%
7.9%
Net Profit YoY
20.7%
-36.3%
EPS (diluted)
$0.99
$1.18

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
MET
MET
Q1 26
$860.2M
Q4 25
$885.8M
$600.0M
Q3 25
$866.3M
$621.0M
Q2 25
$764.0M
$604.0M
Q1 25
$682.3M
$611.0M
Q4 24
$746.3M
$556.0M
Q3 24
$672.0M
$554.0M
Q2 24
$681.5M
$558.0M
Net Profit
BWXT
BWXT
MET
MET
Q1 26
$91.2M
Q4 25
$93.0M
$809.0M
Q3 25
$82.1M
$896.0M
Q2 25
$78.4M
$729.0M
Q1 25
$75.5M
$945.0M
Q4 24
$71.0M
$1.3B
Q3 24
$69.5M
$1.3B
Q2 24
$73.0M
$946.0M
Gross Margin
BWXT
BWXT
MET
MET
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
MET
MET
Q1 26
12.4%
Q4 25
10.4%
Q3 25
13.1%
Q2 25
13.4%
Q1 25
14.2%
Q4 24
12.4%
Q3 24
14.4%
Q2 24
14.5%
Net Margin
BWXT
BWXT
MET
MET
Q1 26
10.6%
Q4 25
10.5%
134.8%
Q3 25
9.5%
144.3%
Q2 25
10.3%
120.7%
Q1 25
11.1%
154.7%
Q4 24
9.5%
228.6%
Q3 24
10.3%
242.2%
Q2 24
10.7%
169.5%
EPS (diluted)
BWXT
BWXT
MET
MET
Q1 26
$0.99
Q4 25
$1.02
$1.18
Q3 25
$0.89
$1.22
Q2 25
$0.85
$1.03
Q1 25
$0.82
$1.28
Q4 24
$0.77
$1.75
Q3 24
$0.76
$1.81
Q2 24
$0.79
$1.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BWXT
BWXT
MET
MET
Cash + ST InvestmentsLiquidity on hand
$512.4M
$25.6B
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$1.3B
$28.4B
Total Assets
$4.3B
$745.2B
Debt / EquityLower = less leverage
1.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWXT
BWXT
MET
MET
Q1 26
$512.4M
Q4 25
$499.8M
$25.6B
Q3 25
$79.6M
$26.2B
Q2 25
$37.0M
$27.5B
Q1 25
$55.4M
$26.9B
Q4 24
$74.1M
$25.2B
Q3 24
$35.5M
$26.4B
Q2 24
$48.3M
$24.6B
Total Debt
BWXT
BWXT
MET
MET
Q1 26
$2.0B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
BWXT
BWXT
MET
MET
Q1 26
$1.3B
Q4 25
$1.2B
$28.4B
Q3 25
$1.2B
$28.9B
Q2 25
$1.2B
$27.7B
Q1 25
$1.1B
$27.5B
Q4 24
$1.1B
$27.4B
Q3 24
$1.1B
$30.9B
Q2 24
$998.5M
$27.3B
Total Assets
BWXT
BWXT
MET
MET
Q1 26
$4.3B
Q4 25
$4.3B
$745.2B
Q3 25
$3.8B
$719.7B
Q2 25
$3.7B
$702.5B
Q1 25
$3.1B
$688.3B
Q4 24
$2.9B
$677.5B
Q3 24
$2.9B
$705.0B
Q2 24
$2.8B
$675.7B
Debt / Equity
BWXT
BWXT
MET
MET
Q1 26
1.58×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
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
BWXT
BWXT
MET
MET
Operating Cash FlowLast quarter
$92.6M
$7.1B
Free Cash FlowOCF − Capex
$50.1M
FCF MarginFCF / Revenue
5.8%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
1.02×
8.75×
TTM Free Cash FlowTrailing 4 quarters
$328.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWXT
BWXT
MET
MET
Q1 26
$92.6M
Q4 25
$127.0M
$7.1B
Q3 25
$143.2M
$3.6B
Q2 25
$159.0M
$2.2B
Q1 25
$50.6M
$4.3B
Q4 24
$276.9M
$4.6B
Q3 24
$32.6M
$4.2B
Q2 24
$65.9M
$3.5B
Free Cash Flow
BWXT
BWXT
MET
MET
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
MET
MET
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
MET
MET
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
MET
MET
Q1 26
1.02×
Q4 25
1.37×
8.75×
Q3 25
1.74×
3.98×
Q2 25
2.03×
3.00×
Q1 25
0.67×
4.51×
Q4 24
3.90×
3.63×
Q3 24
0.47×
3.11×
Q2 24
0.90×
3.69×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BWXT
BWXT

Segment breakdown not available.

MET
MET

Other$165.0M28%
Prepaidlegalplansandadministrativeonlycontracts$158.0M26%
Vision Fee For Service Arrangements$140.0M23%
Administrative Service$76.0M13%
Distribution Service$36.0M6%
Feebasedinvestmentmanagementservices$25.0M4%

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