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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
BWX Technologies, Inc. is the larger business by last-quarter revenue ($885.8M vs $692.4M, roughly 1.3× OCEANEERING INTERNATIONAL INC). BWX Technologies, Inc. runs the higher net margin — 10.5% vs 5.2%, a 5.3% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (18.7% vs 3.6%). BWX Technologies, Inc. produced more free cash flow last quarter ($56.8M vs $-76.5M). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (21.1% CAGR vs 1.8%).
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.
BWXT vs OII — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $885.8M | $692.4M |
| Net Profit | $93.0M | $36.1M |
| Gross Margin | — | — |
| Operating Margin | 10.4% | — |
| Net Margin | 10.5% | 5.2% |
| Revenue YoY | 18.7% | 3.6% |
| Net Profit YoY | 30.9% | -28.3% |
| EPS (diluted) | $1.02 | $0.36 |
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.
| Q1 26 | — | $692.4M | ||
| Q4 25 | $885.8M | $668.6M | ||
| Q3 25 | $866.3M | $742.9M | ||
| Q2 25 | $764.0M | $698.2M | ||
| Q1 25 | $682.3M | $674.5M | ||
| Q4 24 | $746.3M | $713.5M | ||
| Q3 24 | $672.0M | $679.8M | ||
| Q2 24 | $681.5M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $93.0M | $177.7M | ||
| Q3 25 | $82.1M | $71.3M | ||
| Q2 25 | $78.4M | $54.4M | ||
| Q1 25 | $75.5M | $50.4M | ||
| Q4 24 | $71.0M | $56.1M | ||
| Q3 24 | $69.5M | $41.2M | ||
| Q2 24 | $73.0M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | 21.8% | 20.6% | ||
| Q2 25 | 25.1% | 21.3% | ||
| Q1 25 | 24.2% | 20.0% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | 24.4% | 19.3% | ||
| Q2 24 | 24.7% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 9.8% | ||
| Q3 25 | 13.1% | 11.6% | ||
| Q2 25 | 13.4% | 11.3% | ||
| Q1 25 | 14.2% | 10.9% | ||
| Q4 24 | 12.4% | 10.9% | ||
| Q3 24 | 14.4% | 10.5% | ||
| Q2 24 | 14.5% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | 10.5% | 26.6% | ||
| Q3 25 | 9.5% | 9.6% | ||
| Q2 25 | 10.3% | 7.8% | ||
| Q1 25 | 11.1% | 7.5% | ||
| Q4 24 | 9.5% | 7.9% | ||
| Q3 24 | 10.3% | 6.1% | ||
| Q2 24 | 10.7% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $1.02 | $1.75 | ||
| Q3 25 | $0.89 | $0.71 | ||
| Q2 25 | $0.85 | $0.54 | ||
| Q1 25 | $0.82 | $0.49 | ||
| Q4 24 | $0.77 | $0.55 | ||
| Q3 24 | $0.76 | $0.40 | ||
| Q2 24 | $0.79 | $0.34 |
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 | — | $488.8M |
| Stockholders' EquityBook value | $1.2B | $1.1B |
| Total Assets | $4.3B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $499.8M | $695.9M | ||
| Q3 25 | $79.6M | $7.0M | ||
| Q2 25 | $37.0M | $7.0M | ||
| Q1 25 | $55.4M | $7.0M | ||
| Q4 24 | $74.1M | $504.5M | ||
| Q3 24 | $35.5M | — | ||
| Q2 24 | $48.3M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.2B | $907.7M | ||
| Q2 25 | $1.2B | $842.1M | ||
| Q1 25 | $1.1B | $773.1M | ||
| Q4 24 | $1.1B | $714.3M | ||
| Q3 24 | $1.1B | $698.0M | ||
| Q2 24 | $998.5M | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $4.3B | $2.7B | ||
| Q3 25 | $3.8B | $2.5B | ||
| Q2 25 | $3.7B | $2.3B | ||
| Q1 25 | $3.1B | $2.3B | ||
| Q4 24 | $2.9B | $2.3B | ||
| Q3 24 | $2.9B | $2.4B | ||
| Q2 24 | $2.8B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.67× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $127.0M | — |
| Free Cash FlowOCF − Capex | $56.8M | $-76.5M |
| FCF MarginFCF / Revenue | 6.4% | -11.1% |
| Capex IntensityCapex / Revenue | 7.9% | 2.5% |
| Cash ConversionOCF / Net Profit | 1.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | $295.3M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $221.1M | ||
| Q3 25 | $143.2M | $101.3M | ||
| Q2 25 | $159.0M | $77.2M | ||
| Q1 25 | $50.6M | $-80.7M | ||
| Q4 24 | $276.9M | $128.4M | ||
| Q3 24 | $32.6M | $91.9M | ||
| Q2 24 | $65.9M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $56.8M | $190.7M | ||
| Q3 25 | $94.9M | $77.0M | ||
| Q2 25 | $126.3M | $46.9M | ||
| Q1 25 | $17.3M | $-106.8M | ||
| Q4 24 | $224.4M | $94.5M | ||
| Q3 24 | $-7.7M | $67.0M | ||
| Q2 24 | $35.5M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 6.4% | 28.5% | ||
| Q3 25 | 11.0% | 10.4% | ||
| Q2 25 | 16.5% | 6.7% | ||
| Q1 25 | 2.5% | -15.8% | ||
| Q4 24 | 30.1% | 13.2% | ||
| Q3 24 | -1.1% | 9.9% | ||
| Q2 24 | 5.2% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 7.9% | 4.6% | ||
| Q3 25 | 5.6% | 3.3% | ||
| Q2 25 | 4.3% | 4.3% | ||
| Q1 25 | 4.9% | 3.9% | ||
| Q4 24 | 7.0% | 4.7% | ||
| Q3 24 | 6.0% | 3.7% | ||
| Q2 24 | 4.5% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 1.24× | ||
| Q3 25 | 1.74× | 1.42× | ||
| Q2 25 | 2.03× | 1.42× | ||
| Q1 25 | 0.67× | -1.60× | ||
| Q4 24 | 3.90× | 2.29× | ||
| Q3 24 | 0.47× | 2.23× | ||
| Q2 24 | 0.90× | 1.50× |
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% |
OII
Segment breakdown not available.
