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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and Solstice Advanced Materials Inc. (SOLS). Click either name above to swap in a different company.

Solstice Advanced Materials Inc. is the larger business by last-quarter revenue ($969.0M vs $885.8M, roughly 1.1× BWX Technologies, Inc.). BWX Technologies, Inc. runs the higher net margin — 10.5% vs -3.6%, a 14.1% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (18.7% vs 6.8%). BWX Technologies, Inc. produced more free cash flow last quarter ($56.8M vs $41.0M).

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

Solstice Advanced Materials Inc. is a specialty advanced materials provider that develops, produces and distributes high-performance functional materials for renewable energy systems, consumer electronics, industrial manufacturing and advanced automotive sectors. The company focuses on material solutions that boost product durability, energy efficiency and operational performance for its global clients.

BWXT vs SOLS — Head-to-Head

Bigger by revenue
SOLS
SOLS
1.1× larger
SOLS
$969.0M
$885.8M
BWXT
Growing faster (revenue YoY)
BWXT
BWXT
+11.9% gap
BWXT
18.7%
6.8%
SOLS
Higher net margin
BWXT
BWXT
14.1% more per $
BWXT
10.5%
-3.6%
SOLS
More free cash flow
BWXT
BWXT
$15.8M more FCF
BWXT
$56.8M
$41.0M
SOLS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BWXT
BWXT
SOLS
SOLS
Revenue
$885.8M
$969.0M
Net Profit
$93.0M
$-35.0M
Gross Margin
32.0%
Operating Margin
10.4%
17.9%
Net Margin
10.5%
-3.6%
Revenue YoY
18.7%
6.8%
Net Profit YoY
30.9%
-123.0%
EPS (diluted)
$1.02

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
SOLS
SOLS
Q4 25
$885.8M
Q3 25
$866.3M
$969.0M
Q2 25
$764.0M
Q1 25
$682.3M
Q4 24
$746.3M
Q3 24
$672.0M
$907.0M
Q2 24
$681.5M
Q1 24
$604.0M
Net Profit
BWXT
BWXT
SOLS
SOLS
Q4 25
$93.0M
Q3 25
$82.1M
$-35.0M
Q2 25
$78.4M
Q1 25
$75.5M
Q4 24
$71.0M
Q3 24
$69.5M
$152.0M
Q2 24
$73.0M
Q1 24
$68.5M
Gross Margin
BWXT
BWXT
SOLS
SOLS
Q4 25
Q3 25
21.8%
32.0%
Q2 25
25.1%
Q1 25
24.2%
Q4 24
Q3 24
24.4%
36.6%
Q2 24
24.7%
Q1 24
24.6%
Operating Margin
BWXT
BWXT
SOLS
SOLS
Q4 25
10.4%
Q3 25
13.1%
17.9%
Q2 25
13.4%
Q1 25
14.2%
Q4 24
12.4%
Q3 24
14.4%
21.7%
Q2 24
14.5%
Q1 24
15.4%
Net Margin
BWXT
BWXT
SOLS
SOLS
Q4 25
10.5%
Q3 25
9.5%
-3.6%
Q2 25
10.3%
Q1 25
11.1%
Q4 24
9.5%
Q3 24
10.3%
16.8%
Q2 24
10.7%
Q1 24
11.3%
EPS (diluted)
BWXT
BWXT
SOLS
SOLS
Q4 25
$1.02
Q3 25
$0.89
Q2 25
$0.85
Q1 25
$0.82
Q4 24
$0.77
Q3 24
$0.76
Q2 24
$0.79
Q1 24
$0.75

Balance Sheet & Financial Strength

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

Metric
BWXT
BWXT
SOLS
SOLS
Cash + ST InvestmentsLiquidity on hand
$499.8M
$417.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$3.2B
Total Assets
$4.3B
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWXT
BWXT
SOLS
SOLS
Q4 25
$499.8M
Q3 25
$79.6M
$417.0M
Q2 25
$37.0M
Q1 25
$55.4M
Q4 24
$74.1M
Q3 24
$35.5M
Q2 24
$48.3M
Q1 24
$45.9M
Stockholders' Equity
BWXT
BWXT
SOLS
SOLS
Q4 25
$1.2B
Q3 25
$1.2B
$3.2B
Q2 25
$1.2B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
$3.2B
Q2 24
$998.5M
Q1 24
$946.2M
Total Assets
BWXT
BWXT
SOLS
SOLS
Q4 25
$4.3B
Q3 25
$3.8B
$5.2B
Q2 25
$3.7B
Q1 25
$3.1B
Q4 24
$2.9B
Q3 24
$2.9B
Q2 24
$2.8B
Q1 24
$2.8B

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
SOLS
SOLS
Operating Cash FlowLast quarter
$127.0M
$289.0M
Free Cash FlowOCF − Capex
$56.8M
$41.0M
FCF MarginFCF / Revenue
6.4%
4.2%
Capex IntensityCapex / Revenue
7.9%
25.6%
Cash ConversionOCF / Net Profit
1.37×
TTM Free Cash FlowTrailing 4 quarters
$295.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWXT
BWXT
SOLS
SOLS
Q4 25
$127.0M
Q3 25
$143.2M
$289.0M
Q2 25
$159.0M
Q1 25
$50.6M
Q4 24
$276.9M
Q3 24
$32.6M
Q2 24
$65.9M
Q1 24
$33.0M
Free Cash Flow
BWXT
BWXT
SOLS
SOLS
Q4 25
$56.8M
Q3 25
$94.9M
$41.0M
Q2 25
$126.3M
Q1 25
$17.3M
Q4 24
$224.4M
Q3 24
$-7.7M
Q2 24
$35.5M
Q1 24
$2.6M
FCF Margin
BWXT
BWXT
SOLS
SOLS
Q4 25
6.4%
Q3 25
11.0%
4.2%
Q2 25
16.5%
Q1 25
2.5%
Q4 24
30.1%
Q3 24
-1.1%
Q2 24
5.2%
Q1 24
0.4%
Capex Intensity
BWXT
BWXT
SOLS
SOLS
Q4 25
7.9%
Q3 25
5.6%
25.6%
Q2 25
4.3%
Q1 25
4.9%
Q4 24
7.0%
Q3 24
6.0%
Q2 24
4.5%
Q1 24
5.0%
Cash Conversion
BWXT
BWXT
SOLS
SOLS
Q4 25
1.37×
Q3 25
1.74×
Q2 25
2.03×
Q1 25
0.67×
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%

SOLS
SOLS

Refrigerants$400.0M41%
Research And Performance Chemicals$126.0M13%
Electronic Materials$103.0M11%
Other$89.0M9%
Services$64.0M7%
Alternative Energy Services$63.0M7%
Safety And Defense Solutions$53.0M5%
Healthcare Packaging$49.0M5%
Affiliated Entity$22.0M2%

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