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

BWX Technologies, Inc. is the larger business by last-quarter revenue ($860.2M vs $669.7M, roughly 1.3× NEWMARKET CORP). NEWMARKET CORP runs the higher net margin — 17.6% vs 10.6%, a 7.0% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (26.1% vs -4.5%). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (12.4% CAGR vs -2.9%).

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

NewMarket Corporation, is a publicly traded American company that primarily serves the petroleum additives industry. The company is based in Richmond, Virginia, and has operations in North America, Latin America, Europe, the Middle East and Asia Pacific. The company's predecessor, the Albemarle Paper Manufacturing Company, was founded in 1887.

BWXT vs NEU — Head-to-Head

Bigger by revenue
BWXT
BWXT
1.3× larger
BWXT
$860.2M
$669.7M
NEU
Growing faster (revenue YoY)
BWXT
BWXT
+30.5% gap
BWXT
26.1%
-4.5%
NEU
Higher net margin
NEU
NEU
7.0% more per $
NEU
17.6%
10.6%
BWXT
Faster 2-yr revenue CAGR
BWXT
BWXT
Annualised
BWXT
12.4%
-2.9%
NEU

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BWXT
BWXT
NEU
NEU
Revenue
$860.2M
$669.7M
Net Profit
$91.2M
$118.1M
Gross Margin
33.0%
Operating Margin
12.4%
21.4%
Net Margin
10.6%
17.6%
Revenue YoY
26.1%
-4.5%
Net Profit YoY
20.7%
-6.3%
EPS (diluted)
$0.99
$12.62

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
NEU
NEU
Q1 26
$860.2M
$669.7M
Q4 25
$885.8M
$635.4M
Q3 25
$866.3M
$690.3M
Q2 25
$764.0M
$698.5M
Q1 25
$682.3M
$700.9M
Q4 24
$746.3M
$654.6M
Q3 24
$672.0M
$724.9M
Q2 24
$681.5M
$710.2M
Net Profit
BWXT
BWXT
NEU
NEU
Q1 26
$91.2M
$118.1M
Q4 25
$93.0M
$81.3M
Q3 25
$82.1M
$100.3M
Q2 25
$78.4M
$111.2M
Q1 25
$75.5M
$125.9M
Q4 24
$71.0M
$110.7M
Q3 24
$69.5M
$132.3M
Q2 24
$73.0M
$111.6M
Gross Margin
BWXT
BWXT
NEU
NEU
Q1 26
33.0%
Q4 25
30.0%
Q3 25
21.8%
30.4%
Q2 25
25.1%
31.6%
Q1 25
24.2%
33.7%
Q4 24
31.7%
Q3 24
24.4%
33.6%
Q2 24
24.7%
30.8%
Operating Margin
BWXT
BWXT
NEU
NEU
Q1 26
12.4%
21.4%
Q4 25
10.4%
17.3%
Q3 25
13.1%
18.9%
Q2 25
13.4%
20.5%
Q1 25
14.2%
22.8%
Q4 24
12.4%
20.3%
Q3 24
14.4%
23.4%
Q2 24
14.5%
20.7%
Net Margin
BWXT
BWXT
NEU
NEU
Q1 26
10.6%
17.6%
Q4 25
10.5%
12.8%
Q3 25
9.5%
14.5%
Q2 25
10.3%
15.9%
Q1 25
11.1%
18.0%
Q4 24
9.5%
16.9%
Q3 24
10.3%
18.3%
Q2 24
10.7%
15.7%
EPS (diluted)
BWXT
BWXT
NEU
NEU
Q1 26
$0.99
$12.62
Q4 25
$1.02
$8.67
Q3 25
$0.89
$10.67
Q2 25
$0.85
$11.84
Q1 25
$0.82
$13.26
Q4 24
$0.77
$11.57
Q3 24
$0.76
$13.79
Q2 24
$0.79
$11.63

Balance Sheet & Financial Strength

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

Metric
BWXT
BWXT
NEU
NEU
Cash + ST InvestmentsLiquidity on hand
$512.4M
$73.2M
Total DebtLower is stronger
$2.0B
$939.6M
Stockholders' EquityBook value
$1.3B
$1.7B
Total Assets
$4.3B
$3.5B
Debt / EquityLower = less leverage
1.58×
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWXT
BWXT
NEU
NEU
Q1 26
$512.4M
$73.2M
Q4 25
$499.8M
$77.6M
Q3 25
$79.6M
$102.5M
Q2 25
$37.0M
$70.3M
Q1 25
$55.4M
$118.3M
Q4 24
$74.1M
$77.5M
Q3 24
$35.5M
$80.3M
Q2 24
$48.3M
$87.6M
Total Debt
BWXT
BWXT
NEU
NEU
Q1 26
$2.0B
$939.6M
Q4 25
$883.4M
Q3 25
$783.1M
Q2 25
$841.8M
Q1 25
$990.6M
Q4 24
$971.3M
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
BWXT
BWXT
NEU
NEU
Q1 26
$1.3B
$1.7B
Q4 25
$1.2B
$1.8B
Q3 25
$1.2B
$1.7B
Q2 25
$1.2B
$1.6B
Q1 25
$1.1B
$1.5B
Q4 24
$1.1B
$1.5B
Q3 24
$1.1B
$1.4B
Q2 24
$998.5M
$1.2B
Total Assets
BWXT
BWXT
NEU
NEU
Q1 26
$4.3B
$3.5B
Q4 25
$4.3B
$3.5B
Q3 25
$3.8B
$3.2B
Q2 25
$3.7B
$3.2B
Q1 25
$3.1B
$3.2B
Q4 24
$2.9B
$3.1B
Q3 24
$2.9B
$3.2B
Q2 24
$2.8B
$3.2B
Debt / Equity
BWXT
BWXT
NEU
NEU
Q1 26
1.58×
0.54×
Q4 25
0.50×
Q3 25
0.46×
Q2 25
0.52×
Q1 25
0.65×
Q4 24
0.66×
Q3 24
0.80×
Q2 24
0.95×

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
NEU
NEU
Operating Cash FlowLast quarter
$92.6M
Free Cash FlowOCF − Capex
$50.1M
FCF MarginFCF / Revenue
5.8%
Capex IntensityCapex / Revenue
4.9%
3.6%
Cash ConversionOCF / Net Profit
1.02×
TTM Free Cash FlowTrailing 4 quarters
$328.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWXT
BWXT
NEU
NEU
Q1 26
$92.6M
Q4 25
$127.0M
$145.2M
Q3 25
$143.2M
$142.4M
Q2 25
$159.0M
$161.1M
Q1 25
$50.6M
$120.3M
Q4 24
$276.9M
$185.2M
Q3 24
$32.6M
$116.6M
Q2 24
$65.9M
$115.0M
Free Cash Flow
BWXT
BWXT
NEU
NEU
Q1 26
$50.1M
Q4 25
$56.8M
$117.2M
Q3 25
$94.9M
$122.1M
Q2 25
$126.3M
$144.8M
Q1 25
$17.3M
$107.3M
Q4 24
$224.4M
$170.6M
Q3 24
$-7.7M
$102.4M
Q2 24
$35.5M
$100.0M
FCF Margin
BWXT
BWXT
NEU
NEU
Q1 26
5.8%
Q4 25
6.4%
18.4%
Q3 25
11.0%
17.7%
Q2 25
16.5%
20.7%
Q1 25
2.5%
15.3%
Q4 24
30.1%
26.1%
Q3 24
-1.1%
14.1%
Q2 24
5.2%
14.1%
Capex Intensity
BWXT
BWXT
NEU
NEU
Q1 26
4.9%
3.6%
Q4 25
7.9%
4.4%
Q3 25
5.6%
2.9%
Q2 25
4.3%
2.3%
Q1 25
4.9%
1.9%
Q4 24
7.0%
2.2%
Q3 24
6.0%
2.0%
Q2 24
4.5%
2.1%
Cash Conversion
BWXT
BWXT
NEU
NEU
Q1 26
1.02×
Q4 25
1.37×
1.79×
Q3 25
1.74×
1.42×
Q2 25
2.03×
1.45×
Q1 25
0.67×
0.96×
Q4 24
3.90×
1.67×
Q3 24
0.47×
0.88×
Q2 24
0.90×
1.03×

Financial Flow Comparison

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

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