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

BeOne Medicines Ltd. is the larger business by last-quarter revenue ($1.5B vs $885.8M, roughly 1.7× BWX Technologies, Inc.). BWX Technologies, Inc. runs the higher net margin — 10.5% vs 4.4%, a 6.1% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 18.7%). BeOne Medicines Ltd. produced more free cash flow last quarter ($379.8M vs $56.8M). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs 21.1%).

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

BeOne Medicines, formerly known as BeiGene, Ltd. is a multinational oncology company. It specializes in the development of drugs for cancer treatment.

BWXT vs ONC — Head-to-Head

Bigger by revenue
ONC
ONC
1.7× larger
ONC
$1.5B
$885.8M
BWXT
Growing faster (revenue YoY)
ONC
ONC
+14.1% gap
ONC
32.8%
18.7%
BWXT
Higher net margin
BWXT
BWXT
6.1% more per $
BWXT
10.5%
4.4%
ONC
More free cash flow
ONC
ONC
$323.0M more FCF
ONC
$379.8M
$56.8M
BWXT
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
21.1%
BWXT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BWXT
BWXT
ONC
ONC
Revenue
$885.8M
$1.5B
Net Profit
$93.0M
$66.5M
Gross Margin
90.5%
Operating Margin
10.4%
12.4%
Net Margin
10.5%
4.4%
Revenue YoY
18.7%
32.8%
Net Profit YoY
30.9%
143.8%
EPS (diluted)
$1.02
$0.05

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
ONC
ONC
Q4 25
$885.8M
$1.5B
Q3 25
$866.3M
$1.4B
Q2 25
$764.0M
$1.3B
Q1 25
$682.3M
$1.1B
Q4 24
$746.3M
$1.1B
Q3 24
$672.0M
$1.0B
Q2 24
$681.5M
$929.2M
Q1 24
$604.0M
$751.7M
Net Profit
BWXT
BWXT
ONC
ONC
Q4 25
$93.0M
$66.5M
Q3 25
$82.1M
$124.8M
Q2 25
$78.4M
$94.3M
Q1 25
$75.5M
$1.3M
Q4 24
$71.0M
$-151.9M
Q3 24
$69.5M
$-121.3M
Q2 24
$73.0M
$-120.4M
Q1 24
$68.5M
$-251.2M
Gross Margin
BWXT
BWXT
ONC
ONC
Q4 25
90.5%
Q3 25
21.8%
86.1%
Q2 25
25.1%
87.5%
Q1 25
24.2%
85.2%
Q4 24
85.8%
Q3 24
24.4%
83.0%
Q2 24
24.7%
85.1%
Q1 24
24.6%
83.4%
Operating Margin
BWXT
BWXT
ONC
ONC
Q4 25
10.4%
12.4%
Q3 25
13.1%
11.5%
Q2 25
13.4%
6.7%
Q1 25
14.2%
1.0%
Q4 24
12.4%
-7.0%
Q3 24
14.4%
-12.0%
Q2 24
14.5%
-11.5%
Q1 24
15.4%
-34.8%
Net Margin
BWXT
BWXT
ONC
ONC
Q4 25
10.5%
4.4%
Q3 25
9.5%
8.8%
Q2 25
10.3%
7.2%
Q1 25
11.1%
0.1%
Q4 24
9.5%
-13.5%
Q3 24
10.3%
-12.1%
Q2 24
10.7%
-13.0%
Q1 24
11.3%
-33.4%
EPS (diluted)
BWXT
BWXT
ONC
ONC
Q4 25
$1.02
$0.05
Q3 25
$0.89
$0.08
Q2 25
$0.85
$0.06
Q1 25
$0.82
$0.00
Q4 24
$0.77
$-0.10
Q3 24
$0.76
$-0.09
Q2 24
$0.79
$-0.09
Q1 24
$0.75
$-0.19

Balance Sheet & Financial Strength

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

Metric
BWXT
BWXT
ONC
ONC
Cash + ST InvestmentsLiquidity on hand
$499.8M
$4.5B
Total DebtLower is stronger
$836.4M
Stockholders' EquityBook value
$1.2B
$4.4B
Total Assets
$4.3B
$8.2B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWXT
BWXT
ONC
ONC
Q4 25
$499.8M
$4.5B
Q3 25
$79.6M
$4.0B
Q2 25
$37.0M
$2.8B
Q1 25
$55.4M
$2.5B
Q4 24
$74.1M
$2.6B
Q3 24
$35.5M
$2.7B
Q2 24
$48.3M
$2.6B
Q1 24
$45.9M
$2.8B
Total Debt
BWXT
BWXT
ONC
ONC
Q4 25
$836.4M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BWXT
BWXT
ONC
ONC
Q4 25
$1.2B
$4.4B
Q3 25
$1.2B
$4.1B
Q2 25
$1.2B
$3.8B
Q1 25
$1.1B
$3.5B
Q4 24
$1.1B
$3.3B
Q3 24
$1.1B
$3.4B
Q2 24
$998.5M
$3.4B
Q1 24
$946.2M
$3.4B
Total Assets
BWXT
BWXT
ONC
ONC
Q4 25
$4.3B
$8.2B
Q3 25
$3.8B
$7.6B
Q2 25
$3.7B
$6.3B
Q1 25
$3.1B
$5.8B
Q4 24
$2.9B
$5.9B
Q3 24
$2.9B
$5.8B
Q2 24
$2.8B
$5.7B
Q1 24
$2.8B
$5.7B
Debt / Equity
BWXT
BWXT
ONC
ONC
Q4 25
0.19×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 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
ONC
ONC
Operating Cash FlowLast quarter
$127.0M
$417.3M
Free Cash FlowOCF − Capex
$56.8M
$379.8M
FCF MarginFCF / Revenue
6.4%
25.4%
Capex IntensityCapex / Revenue
7.9%
2.5%
Cash ConversionOCF / Net Profit
1.37×
6.28×
TTM Free Cash FlowTrailing 4 quarters
$295.3M
$941.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWXT
BWXT
ONC
ONC
Q4 25
$127.0M
$417.3M
Q3 25
$143.2M
$402.6M
Q2 25
$159.0M
$263.6M
Q1 25
$50.6M
$44.1M
Q4 24
$276.9M
$75.2M
Q3 24
$32.6M
$188.4M
Q2 24
$65.9M
$-95.6M
Q1 24
$33.0M
$-308.6M
Free Cash Flow
BWXT
BWXT
ONC
ONC
Q4 25
$56.8M
$379.8M
Q3 25
$94.9M
$354.5M
Q2 25
$126.3M
$219.8M
Q1 25
$17.3M
$-12.3M
Q4 24
$224.4M
$-17.3M
Q3 24
$-7.7M
$54.7M
Q2 24
$35.5M
$-205.5M
Q1 24
$2.6M
$-465.1M
FCF Margin
BWXT
BWXT
ONC
ONC
Q4 25
6.4%
25.4%
Q3 25
11.0%
25.1%
Q2 25
16.5%
16.7%
Q1 25
2.5%
-1.1%
Q4 24
30.1%
-1.5%
Q3 24
-1.1%
5.5%
Q2 24
5.2%
-22.1%
Q1 24
0.4%
-61.9%
Capex Intensity
BWXT
BWXT
ONC
ONC
Q4 25
7.9%
2.5%
Q3 25
5.6%
3.4%
Q2 25
4.3%
3.3%
Q1 25
4.9%
5.0%
Q4 24
7.0%
8.2%
Q3 24
6.0%
13.3%
Q2 24
4.5%
11.8%
Q1 24
5.0%
20.8%
Cash Conversion
BWXT
BWXT
ONC
ONC
Q4 25
1.37×
6.28×
Q3 25
1.74×
3.22×
Q2 25
2.03×
2.79×
Q1 25
0.67×
34.71×
Q4 24
3.90×
Q3 24
0.47×
Q2 24
0.90×
Q1 24
0.48×

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%

ONC
ONC

Segment breakdown not available.

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