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

BWX Technologies, Inc. is the larger business by last-quarter revenue ($885.8M vs $764.4M, roughly 1.2× Noble Corp plc). Noble Corp plc runs the higher net margin — 11.3% vs 10.5%, a 0.8% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (18.7% vs -17.6%). BWX Technologies, Inc. produced more free cash flow last quarter ($56.8M vs $35.4M). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (21.1% CAGR vs 9.5%).

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

Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.

BWXT vs NE — Head-to-Head

Bigger by revenue
BWXT
BWXT
1.2× larger
BWXT
$885.8M
$764.4M
NE
Growing faster (revenue YoY)
BWXT
BWXT
+36.3% gap
BWXT
18.7%
-17.6%
NE
Higher net margin
NE
NE
0.8% more per $
NE
11.3%
10.5%
BWXT
More free cash flow
BWXT
BWXT
$21.4M more FCF
BWXT
$56.8M
$35.4M
NE
Faster 2-yr revenue CAGR
BWXT
BWXT
Annualised
BWXT
21.1%
9.5%
NE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BWXT
BWXT
NE
NE
Revenue
$885.8M
$764.4M
Net Profit
$93.0M
$86.6M
Gross Margin
Operating Margin
10.4%
5.6%
Net Margin
10.5%
11.3%
Revenue YoY
18.7%
-17.6%
Net Profit YoY
30.9%
-10.4%
EPS (diluted)
$1.02
$0.54

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
NE
NE
Q4 25
$885.8M
$764.4M
Q3 25
$866.3M
$798.0M
Q2 25
$764.0M
$848.7M
Q1 25
$682.3M
$874.5M
Q4 24
$746.3M
$927.3M
Q3 24
$672.0M
$800.5M
Q2 24
$681.5M
$692.8M
Q1 24
$604.0M
$637.1M
Net Profit
BWXT
BWXT
NE
NE
Q4 25
$93.0M
$86.6M
Q3 25
$82.1M
$-21.1M
Q2 25
$78.4M
$42.9M
Q1 25
$75.5M
$108.3M
Q4 24
$71.0M
$96.6M
Q3 24
$69.5M
$61.2M
Q2 24
$73.0M
$195.0M
Q1 24
$68.5M
$95.5M
Gross Margin
BWXT
BWXT
NE
NE
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
NE
NE
Q4 25
10.4%
5.6%
Q3 25
13.1%
6.3%
Q2 25
13.4%
15.9%
Q1 25
14.2%
21.4%
Q4 24
12.4%
18.4%
Q3 24
14.4%
14.4%
Q2 24
14.5%
30.3%
Q1 24
15.4%
16.9%
Net Margin
BWXT
BWXT
NE
NE
Q4 25
10.5%
11.3%
Q3 25
9.5%
-2.6%
Q2 25
10.3%
5.1%
Q1 25
11.1%
12.4%
Q4 24
9.5%
10.4%
Q3 24
10.3%
7.6%
Q2 24
10.7%
28.1%
Q1 24
11.3%
15.0%
EPS (diluted)
BWXT
BWXT
NE
NE
Q4 25
$1.02
$0.54
Q3 25
$0.89
$-0.13
Q2 25
$0.85
$0.27
Q1 25
$0.82
$0.67
Q4 24
$0.77
$0.56
Q3 24
$0.76
$0.40
Q2 24
$0.79
$1.34
Q1 24
$0.75
$0.66

Balance Sheet & Financial Strength

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

Metric
BWXT
BWXT
NE
NE
Cash + ST InvestmentsLiquidity on hand
$499.8M
$471.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$4.5B
Total Assets
$4.3B
$7.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWXT
BWXT
NE
NE
Q4 25
$499.8M
$471.4M
Q3 25
$79.6M
$477.9M
Q2 25
$37.0M
$338.2M
Q1 25
$55.4M
$303.8M
Q4 24
$74.1M
$247.3M
Q3 24
$35.5M
$391.9M
Q2 24
$48.3M
$162.9M
Q1 24
$45.9M
$212.5M
Stockholders' Equity
BWXT
BWXT
NE
NE
Q4 25
$1.2B
$4.5B
Q3 25
$1.2B
$4.5B
Q2 25
$1.2B
$4.6B
Q1 25
$1.1B
$4.7B
Q4 24
$1.1B
$4.7B
Q3 24
$1.1B
$4.7B
Q2 24
$998.5M
$4.0B
Q1 24
$946.2M
$3.9B
Total Assets
BWXT
BWXT
NE
NE
Q4 25
$4.3B
$7.5B
Q3 25
$3.8B
$7.6B
Q2 25
$3.7B
$7.7B
Q1 25
$3.1B
$7.9B
Q4 24
$2.9B
$8.0B
Q3 24
$2.9B
$8.0B
Q2 24
$2.8B
$5.6B
Q1 24
$2.8B
$5.4B

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
NE
NE
Operating Cash FlowLast quarter
$127.0M
$187.1M
Free Cash FlowOCF − Capex
$56.8M
$35.4M
FCF MarginFCF / Revenue
6.4%
4.6%
Capex IntensityCapex / Revenue
7.9%
19.9%
Cash ConversionOCF / Net Profit
1.37×
2.16×
TTM Free Cash FlowTrailing 4 quarters
$295.3M
$432.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWXT
BWXT
NE
NE
Q4 25
$127.0M
$187.1M
Q3 25
$143.2M
$277.1M
Q2 25
$159.0M
$216.4M
Q1 25
$50.6M
$271.1M
Q4 24
$276.9M
$136.2M
Q3 24
$32.6M
$283.8M
Q2 24
$65.9M
$106.8M
Q1 24
$33.0M
$128.7M
Free Cash Flow
BWXT
BWXT
NE
NE
Q4 25
$56.8M
$35.4M
Q3 25
$94.9M
$139.5M
Q2 25
$126.3M
$99.8M
Q1 25
$17.3M
$157.5M
Q4 24
$224.4M
$-4.4M
Q3 24
$-7.7M
$156.8M
Q2 24
$35.5M
$-34.3M
Q1 24
$2.6M
$-37.9M
FCF Margin
BWXT
BWXT
NE
NE
Q4 25
6.4%
4.6%
Q3 25
11.0%
17.5%
Q2 25
16.5%
11.8%
Q1 25
2.5%
18.0%
Q4 24
30.1%
-0.5%
Q3 24
-1.1%
19.6%
Q2 24
5.2%
-4.9%
Q1 24
0.4%
-6.0%
Capex Intensity
BWXT
BWXT
NE
NE
Q4 25
7.9%
19.9%
Q3 25
5.6%
17.3%
Q2 25
4.3%
13.7%
Q1 25
4.9%
13.0%
Q4 24
7.0%
15.2%
Q3 24
6.0%
15.9%
Q2 24
4.5%
20.4%
Q1 24
5.0%
26.2%
Cash Conversion
BWXT
BWXT
NE
NE
Q4 25
1.37×
2.16×
Q3 25
1.74×
Q2 25
2.03×
5.05×
Q1 25
0.67×
2.50×
Q4 24
3.90×
1.41×
Q3 24
0.47×
4.64×
Q2 24
0.90×
0.55×
Q1 24
0.48×
1.35×

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%

NE
NE

Floaters$559.8M73%
Jackups$145.5M19%
Service Other$59.1M8%

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