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

BWX Technologies, Inc. is the larger business by last-quarter revenue ($885.8M vs $822.5M, roughly 1.1× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 10.5%, a 24.1% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (18.7% vs 10.6%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $56.8M). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (21.1% CAGR vs 10.0%).

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

MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.

BWXT vs MSCI — Head-to-Head

Bigger by revenue
BWXT
BWXT
1.1× larger
BWXT
$885.8M
$822.5M
MSCI
Growing faster (revenue YoY)
BWXT
BWXT
+8.1% gap
BWXT
18.7%
10.6%
MSCI
Higher net margin
MSCI
MSCI
24.1% more per $
MSCI
34.6%
10.5%
BWXT
More free cash flow
MSCI
MSCI
$431.9M more FCF
MSCI
$488.7M
$56.8M
BWXT
Faster 2-yr revenue CAGR
BWXT
BWXT
Annualised
BWXT
21.1%
10.0%
MSCI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BWXT
BWXT
MSCI
MSCI
Revenue
$885.8M
$822.5M
Net Profit
$93.0M
$284.7M
Gross Margin
Operating Margin
10.4%
56.4%
Net Margin
10.5%
34.6%
Revenue YoY
18.7%
10.6%
Net Profit YoY
30.9%
-6.8%
EPS (diluted)
$1.02
$3.81

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
MSCI
MSCI
Q4 25
$885.8M
$822.5M
Q3 25
$866.3M
$793.4M
Q2 25
$764.0M
$772.7M
Q1 25
$682.3M
$745.8M
Q4 24
$746.3M
$743.5M
Q3 24
$672.0M
$724.7M
Q2 24
$681.5M
$707.9M
Q1 24
$604.0M
$680.0M
Net Profit
BWXT
BWXT
MSCI
MSCI
Q4 25
$93.0M
$284.7M
Q3 25
$82.1M
$325.4M
Q2 25
$78.4M
$303.6M
Q1 25
$75.5M
$288.6M
Q4 24
$71.0M
$305.5M
Q3 24
$69.5M
$280.9M
Q2 24
$73.0M
$266.8M
Q1 24
$68.5M
$256.0M
Gross Margin
BWXT
BWXT
MSCI
MSCI
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 24
24.6%
Operating Margin
BWXT
BWXT
MSCI
MSCI
Q4 25
10.4%
56.4%
Q3 25
13.1%
56.4%
Q2 25
13.4%
55.0%
Q1 25
14.2%
50.6%
Q4 24
12.4%
54.5%
Q3 24
14.4%
55.4%
Q2 24
14.5%
54.0%
Q1 24
15.4%
49.9%
Net Margin
BWXT
BWXT
MSCI
MSCI
Q4 25
10.5%
34.6%
Q3 25
9.5%
41.0%
Q2 25
10.3%
39.3%
Q1 25
11.1%
38.7%
Q4 24
9.5%
41.1%
Q3 24
10.3%
38.8%
Q2 24
10.7%
37.7%
Q1 24
11.3%
37.6%
EPS (diluted)
BWXT
BWXT
MSCI
MSCI
Q4 25
$1.02
$3.81
Q3 25
$0.89
$4.25
Q2 25
$0.85
$3.92
Q1 25
$0.82
$3.71
Q4 24
$0.77
$3.89
Q3 24
$0.76
$3.57
Q2 24
$0.79
$3.37
Q1 24
$0.75
$3.22

Balance Sheet & Financial Strength

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

Metric
BWXT
BWXT
MSCI
MSCI
Cash + ST InvestmentsLiquidity on hand
$499.8M
$515.3M
Total DebtLower is stronger
$6.2B
Stockholders' EquityBook value
$1.2B
$-2.7B
Total Assets
$4.3B
$5.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWXT
BWXT
MSCI
MSCI
Q4 25
$499.8M
$515.3M
Q3 25
$79.6M
$400.1M
Q2 25
$37.0M
$347.3M
Q1 25
$55.4M
$360.7M
Q4 24
$74.1M
$409.4M
Q3 24
$35.5M
$501.0M
Q2 24
$48.3M
$451.4M
Q1 24
$45.9M
$519.3M
Total Debt
BWXT
BWXT
MSCI
MSCI
Q4 25
$6.2B
Q3 25
$5.5B
Q2 25
$4.5B
Q1 25
$4.5B
Q4 24
$4.5B
Q3 24
$4.5B
Q2 24
$4.5B
Q1 24
$4.5B
Stockholders' Equity
BWXT
BWXT
MSCI
MSCI
Q4 25
$1.2B
$-2.7B
Q3 25
$1.2B
$-1.9B
Q2 25
$1.2B
$-886.2M
Q1 25
$1.1B
$-958.6M
Q4 24
$1.1B
$-940.0M
Q3 24
$1.1B
$-751.0M
Q2 24
$998.5M
$-734.5M
Q1 24
$946.2M
$-650.5M
Total Assets
BWXT
BWXT
MSCI
MSCI
Q4 25
$4.3B
$5.7B
Q3 25
$3.8B
$5.4B
Q2 25
$3.7B
$5.4B
Q1 25
$3.1B
$5.3B
Q4 24
$2.9B
$5.4B
Q3 24
$2.9B
$5.4B
Q2 24
$2.8B
$5.5B
Q1 24
$2.8B
$5.5B

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
MSCI
MSCI
Operating Cash FlowLast quarter
$127.0M
$501.1M
Free Cash FlowOCF − Capex
$56.8M
$488.7M
FCF MarginFCF / Revenue
6.4%
59.4%
Capex IntensityCapex / Revenue
7.9%
1.5%
Cash ConversionOCF / Net Profit
1.37×
1.76×
TTM Free Cash FlowTrailing 4 quarters
$295.3M
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWXT
BWXT
MSCI
MSCI
Q4 25
$127.0M
$501.1M
Q3 25
$143.2M
$449.4M
Q2 25
$159.0M
$336.1M
Q1 25
$50.6M
$301.7M
Q4 24
$276.9M
$430.6M
Q3 24
$32.6M
$421.6M
Q2 24
$65.9M
$349.2M
Q1 24
$33.0M
$300.1M
Free Cash Flow
BWXT
BWXT
MSCI
MSCI
Q4 25
$56.8M
$488.7M
Q3 25
$94.9M
$445.5M
Q2 25
$126.3M
$324.7M
Q1 25
$17.3M
$290.2M
Q4 24
$224.4M
$416.4M
Q3 24
$-7.7M
$415.0M
Q2 24
$35.5M
$340.6M
Q1 24
$2.6M
$295.9M
FCF Margin
BWXT
BWXT
MSCI
MSCI
Q4 25
6.4%
59.4%
Q3 25
11.0%
56.2%
Q2 25
16.5%
42.0%
Q1 25
2.5%
38.9%
Q4 24
30.1%
56.0%
Q3 24
-1.1%
57.3%
Q2 24
5.2%
48.1%
Q1 24
0.4%
43.5%
Capex Intensity
BWXT
BWXT
MSCI
MSCI
Q4 25
7.9%
1.5%
Q3 25
5.6%
0.5%
Q2 25
4.3%
1.5%
Q1 25
4.9%
1.5%
Q4 24
7.0%
1.9%
Q3 24
6.0%
0.9%
Q2 24
4.5%
1.2%
Q1 24
5.0%
0.6%
Cash Conversion
BWXT
BWXT
MSCI
MSCI
Q4 25
1.37×
1.76×
Q3 25
1.74×
1.38×
Q2 25
2.03×
1.11×
Q1 25
0.67×
1.05×
Q4 24
3.90×
1.41×
Q3 24
0.47×
1.50×
Q2 24
0.90×
1.31×
Q1 24
0.48×
1.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BWXT
BWXT

Nuclear Component Program$436.4M49%
Nuclear Manufacturing$134.8M15%
Cost Plus Fee$116.1M13%
Uranium And Nuclear Services$103.8M12%
Commercial Operations$49.0M6%
Commercial Operations Segment$33.7M4%
Transferred At Point In Time$1.3M0%

MSCI
MSCI

Recurring Subscriptions$246.4M30%
Asset Based Fees$211.7M26%
Analytics Segment$182.3M22%
Sustainability And Climate Segment$90.3M11%
Other$70.9M9%
Non Recurring$21.1M3%

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