vs

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

BWX Technologies, Inc. is the larger business by last-quarter revenue ($860.2M vs $702.8M, roughly 1.2× OLD NATIONAL BANCORP). OLD NATIONAL BANCORP runs the higher net margin — 33.3% vs 10.6%, a 22.6% gap on every dollar of revenue. On growth, OLD NATIONAL BANCORP posted the faster year-over-year revenue change (44.4% vs 26.1%). Over the past eight quarters, OLD NATIONAL BANCORP's revenue compounded faster (34.5% CAGR vs 12.4%).

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

Old National Bank is an American regional bank with nearly 200 retail branches operated by Old National Bancorp and based in Chicago and Evansville, Indiana. With assets at $48.5 billion and 250 banking centers, Old National Bancorp is the largest financial services bank holding company headquartered in Indiana and one of the top 30 banking companies in the U.S. Old National Bank has locations in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Tennessee, and Wisconsin.

BWXT vs ONB — Head-to-Head

Bigger by revenue
BWXT
BWXT
1.2× larger
BWXT
$860.2M
$702.8M
ONB
Growing faster (revenue YoY)
ONB
ONB
+18.3% gap
ONB
44.4%
26.1%
BWXT
Higher net margin
ONB
ONB
22.6% more per $
ONB
33.3%
10.6%
BWXT
Faster 2-yr revenue CAGR
ONB
ONB
Annualised
ONB
34.5%
12.4%
BWXT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BWXT
BWXT
ONB
ONB
Revenue
$860.2M
$702.8M
Net Profit
$91.2M
$233.7M
Gross Margin
Operating Margin
12.4%
Net Margin
10.6%
33.3%
Revenue YoY
26.1%
44.4%
Net Profit YoY
20.7%
61.5%
EPS (diluted)
$0.99

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
ONB
ONB
Q1 26
$860.2M
$702.8M
Q4 25
$885.8M
$580.8M
Q3 25
$866.3M
$574.6M
Q2 25
$764.0M
$514.8M
Q1 25
$682.3M
$387.6M
Q4 24
$746.3M
$394.2M
Q3 24
$672.0M
$391.7M
Q2 24
$681.5M
$388.4M
Net Profit
BWXT
BWXT
ONB
ONB
Q1 26
$91.2M
$233.7M
Q4 25
$93.0M
$216.6M
Q3 25
$82.1M
$182.6M
Q2 25
$78.4M
$125.4M
Q1 25
$75.5M
$144.7M
Q4 24
$71.0M
$153.9M
Q3 24
$69.5M
$143.8M
Q2 24
$73.0M
$121.2M
Gross Margin
BWXT
BWXT
ONB
ONB
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
ONB
ONB
Q1 26
12.4%
Q4 25
10.4%
46.7%
Q3 25
13.1%
40.5%
Q2 25
13.4%
30.2%
Q1 25
14.2%
46.8%
Q4 24
12.4%
47.2%
Q3 24
14.4%
47.2%
Q2 24
14.5%
40.3%
Net Margin
BWXT
BWXT
ONB
ONB
Q1 26
10.6%
33.3%
Q4 25
10.5%
37.3%
Q3 25
9.5%
31.8%
Q2 25
10.3%
24.4%
Q1 25
11.1%
37.3%
Q4 24
9.5%
39.0%
Q3 24
10.3%
36.7%
Q2 24
10.7%
31.2%
EPS (diluted)
BWXT
BWXT
ONB
ONB
Q1 26
$0.99
Q4 25
$1.02
$0.55
Q3 25
$0.89
$0.46
Q2 25
$0.85
$0.34
Q1 25
$0.82
$0.44
Q4 24
$0.77
$0.47
Q3 24
$0.76
$0.44
Q2 24
$0.79
$0.37

Balance Sheet & Financial Strength

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

Metric
BWXT
BWXT
ONB
ONB
Cash + ST InvestmentsLiquidity on hand
$512.4M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$1.3B
$8.5B
Total Assets
$4.3B
$73.0B
Debt / EquityLower = less leverage
1.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWXT
BWXT
ONB
ONB
Q1 26
$512.4M
Q4 25
$499.8M
$1.8B
Q3 25
$79.6M
$1.7B
Q2 25
$37.0M
$1.8B
Q1 25
$55.4M
$1.2B
Q4 24
$74.1M
$1.2B
Q3 24
$35.5M
$1.2B
Q2 24
$48.3M
$1.2B
Total Debt
BWXT
BWXT
ONB
ONB
Q1 26
$2.0B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
BWXT
BWXT
ONB
ONB
Q1 26
$1.3B
$8.5B
Q4 25
$1.2B
$8.5B
Q3 25
$1.2B
$8.3B
Q2 25
$1.2B
$8.1B
Q1 25
$1.1B
$6.5B
Q4 24
$1.1B
$6.3B
Q3 24
$1.1B
$6.4B
Q2 24
$998.5M
$6.1B
Total Assets
BWXT
BWXT
ONB
ONB
Q1 26
$4.3B
$73.0B
Q4 25
$4.3B
$72.2B
Q3 25
$3.8B
$71.2B
Q2 25
$3.7B
$71.0B
Q1 25
$3.1B
$53.9B
Q4 24
$2.9B
$53.6B
Q3 24
$2.9B
$53.6B
Q2 24
$2.8B
$53.1B
Debt / Equity
BWXT
BWXT
ONB
ONB
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
ONB
ONB
Operating Cash FlowLast quarter
$92.6M
Free Cash FlowOCF − Capex
$50.1M
FCF MarginFCF / Revenue
5.8%
Capex IntensityCapex / Revenue
4.9%
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
ONB
ONB
Q1 26
$92.6M
Q4 25
$127.0M
$159.2M
Q3 25
$143.2M
$341.2M
Q2 25
$159.0M
$72.9M
Q1 25
$50.6M
$108.2M
Q4 24
$276.9M
$235.8M
Q3 24
$32.6M
$121.3M
Q2 24
$65.9M
$161.0M
Free Cash Flow
BWXT
BWXT
ONB
ONB
Q1 26
$50.1M
Q4 25
$56.8M
$137.3M
Q3 25
$94.9M
$333.6M
Q2 25
$126.3M
$64.1M
Q1 25
$17.3M
$102.4M
Q4 24
$224.4M
$229.0M
Q3 24
$-7.7M
$115.7M
Q2 24
$35.5M
$151.6M
FCF Margin
BWXT
BWXT
ONB
ONB
Q1 26
5.8%
Q4 25
6.4%
23.6%
Q3 25
11.0%
58.1%
Q2 25
16.5%
12.4%
Q1 25
2.5%
26.4%
Q4 24
30.1%
58.1%
Q3 24
-1.1%
29.5%
Q2 24
5.2%
39.0%
Capex Intensity
BWXT
BWXT
ONB
ONB
Q1 26
4.9%
Q4 25
7.9%
3.8%
Q3 25
5.6%
1.3%
Q2 25
4.3%
1.7%
Q1 25
4.9%
1.5%
Q4 24
7.0%
1.7%
Q3 24
6.0%
1.4%
Q2 24
4.5%
2.4%
Cash Conversion
BWXT
BWXT
ONB
ONB
Q1 26
1.02×
Q4 25
1.37×
0.73×
Q3 25
1.74×
1.87×
Q2 25
2.03×
0.58×
Q1 25
0.67×
0.75×
Q4 24
3.90×
1.53×
Q3 24
0.47×
0.84×
Q2 24
0.90×
1.33×

Financial Flow Comparison

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

Related Comparisons