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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.

BWX Technologies, Inc. is the larger business by last-quarter revenue ($885.8M vs $661.7M, roughly 1.3× SouthState Bank Corp). SouthState Bank Corp runs the higher net margin — 34.1% vs 10.5%, a 23.6% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% CAGR vs 21.1%).

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

SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.

BWXT vs SSB — Head-to-Head

Bigger by revenue
BWXT
BWXT
1.3× larger
BWXT
$885.8M
$661.7M
SSB
Higher net margin
SSB
SSB
23.6% more per $
SSB
34.1%
10.5%
BWXT
Faster 2-yr revenue CAGR
SSB
SSB
Annualised
SSB
37.4%
21.1%
BWXT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BWXT
BWXT
SSB
SSB
Revenue
$885.8M
$661.7M
Net Profit
$93.0M
$225.8M
Gross Margin
Operating Margin
10.4%
15.1%
Net Margin
10.5%
34.1%
Revenue YoY
18.7%
Net Profit YoY
30.9%
153.5%
EPS (diluted)
$1.02
$2.28

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
SSB
SSB
Q1 26
$661.7M
Q4 25
$885.8M
$581.1M
Q3 25
$866.3M
$599.7M
Q2 25
$764.0M
$577.9M
Q1 25
$682.3M
$544.5M
Q4 24
$746.3M
$369.8M
Q3 24
$672.0M
$351.5M
Q2 24
$681.5M
$350.3M
Net Profit
BWXT
BWXT
SSB
SSB
Q1 26
$225.8M
Q4 25
$93.0M
$247.7M
Q3 25
$82.1M
$246.6M
Q2 25
$78.4M
$215.2M
Q1 25
$75.5M
$89.1M
Q4 24
$71.0M
$144.2M
Q3 24
$69.5M
$143.2M
Q2 24
$73.0M
$132.4M
Gross Margin
BWXT
BWXT
SSB
SSB
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
SSB
SSB
Q1 26
15.1%
Q4 25
10.4%
54.3%
Q3 25
13.1%
53.6%
Q2 25
13.4%
48.8%
Q1 25
14.2%
22.3%
Q4 24
12.4%
50.7%
Q3 24
14.4%
53.1%
Q2 24
14.5%
49.3%
Net Margin
BWXT
BWXT
SSB
SSB
Q1 26
34.1%
Q4 25
10.5%
42.6%
Q3 25
9.5%
41.1%
Q2 25
10.3%
37.2%
Q1 25
11.1%
16.4%
Q4 24
9.5%
39.0%
Q3 24
10.3%
40.7%
Q2 24
10.7%
37.8%
EPS (diluted)
BWXT
BWXT
SSB
SSB
Q1 26
$2.28
Q4 25
$1.02
$2.47
Q3 25
$0.89
$2.42
Q2 25
$0.85
$2.11
Q1 25
$0.82
$0.87
Q4 24
$0.77
$1.88
Q3 24
$0.76
$1.86
Q2 24
$0.79
$1.73

Balance Sheet & Financial Strength

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

Metric
BWXT
BWXT
SSB
SSB
Cash + ST InvestmentsLiquidity on hand
$499.8M
$2.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$9.0B
Total Assets
$4.3B
$68.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWXT
BWXT
SSB
SSB
Q1 26
$2.9B
Q4 25
$499.8M
Q3 25
$79.6M
Q2 25
$37.0M
Q1 25
$55.4M
Q4 24
$74.1M
Q3 24
$35.5M
Q2 24
$48.3M
Stockholders' Equity
BWXT
BWXT
SSB
SSB
Q1 26
$9.0B
Q4 25
$1.2B
$9.1B
Q3 25
$1.2B
$9.0B
Q2 25
$1.2B
$8.8B
Q1 25
$1.1B
$8.6B
Q4 24
$1.1B
$5.9B
Q3 24
$1.1B
$5.9B
Q2 24
$998.5M
$5.7B
Total Assets
BWXT
BWXT
SSB
SSB
Q1 26
$68.0B
Q4 25
$4.3B
$67.2B
Q3 25
$3.8B
$66.0B
Q2 25
$3.7B
$65.9B
Q1 25
$3.1B
$65.1B
Q4 24
$2.9B
$46.4B
Q3 24
$2.9B
$46.1B
Q2 24
$2.8B
$45.5B

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
SSB
SSB
Operating Cash FlowLast quarter
$127.0M
Free Cash FlowOCF − Capex
$56.8M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
7.9%
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
SSB
SSB
Q1 26
Q4 25
$127.0M
$232.1M
Q3 25
$143.2M
$122.4M
Q2 25
$159.0M
$72.6M
Q1 25
$50.6M
$-126.3M
Q4 24
$276.9M
$354.3M
Q3 24
$32.6M
$-246.8M
Q2 24
$65.9M
$126.8M
Free Cash Flow
BWXT
BWXT
SSB
SSB
Q1 26
Q4 25
$56.8M
$215.5M
Q3 25
$94.9M
$101.7M
Q2 25
$126.3M
$52.5M
Q1 25
$17.3M
$-139.1M
Q4 24
$224.4M
$340.9M
Q3 24
$-7.7M
$-254.2M
Q2 24
$35.5M
$117.3M
FCF Margin
BWXT
BWXT
SSB
SSB
Q1 26
Q4 25
6.4%
37.1%
Q3 25
11.0%
17.0%
Q2 25
16.5%
9.1%
Q1 25
2.5%
-25.5%
Q4 24
30.1%
92.2%
Q3 24
-1.1%
-72.3%
Q2 24
5.2%
33.5%
Capex Intensity
BWXT
BWXT
SSB
SSB
Q1 26
Q4 25
7.9%
2.9%
Q3 25
5.6%
3.5%
Q2 25
4.3%
3.5%
Q1 25
4.9%
2.4%
Q4 24
7.0%
3.6%
Q3 24
6.0%
2.1%
Q2 24
4.5%
2.7%
Cash Conversion
BWXT
BWXT
SSB
SSB
Q1 26
Q4 25
1.37×
0.94×
Q3 25
1.74×
0.50×
Q2 25
2.03×
0.34×
Q1 25
0.67×
-1.42×
Q4 24
3.90×
2.46×
Q3 24
0.47×
-1.72×
Q2 24
0.90×
0.96×

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%

SSB
SSB

Net Interest Income$561.6M85%
Noninterest Income$100.1M15%

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