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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $885.8M, roughly 1.8× BWX Technologies, Inc.). BWX Technologies, Inc. runs the higher net margin — 10.5% vs 6.2%, a 4.3% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 18.7%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $56.8M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 21.1%).
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
BWXT vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $885.8M | $1.6B |
| Net Profit | $93.0M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | 10.4% | 5.2% |
| Net Margin | 10.5% | 6.2% |
| Revenue YoY | 18.7% | 22.0% |
| Net Profit YoY | 30.9% | 215.6% |
| EPS (diluted) | $1.02 | $0.18 |
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.
| Q4 25 | $885.8M | $1.6B | ||
| Q3 25 | $866.3M | $1.6B | ||
| Q2 25 | $764.0M | $1.6B | ||
| Q1 25 | $682.3M | $1.3B | ||
| Q4 24 | $746.3M | $1.3B | ||
| Q3 24 | $672.0M | $1.3B | ||
| Q2 24 | $681.5M | $1.2B | ||
| Q1 24 | $604.0M | $1.1B |
| Q4 25 | $93.0M | $101.0M | ||
| Q3 25 | $82.1M | $105.0M | ||
| Q2 25 | $78.4M | $80.0M | ||
| Q1 25 | $75.5M | $56.0M | ||
| Q4 24 | $71.0M | $32.0M | ||
| Q3 24 | $69.5M | $56.0M | ||
| Q2 24 | $73.0M | $14.0M | ||
| Q1 24 | $68.5M | $-83.0M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | 21.8% | 26.5% | ||
| Q2 25 | 25.1% | 25.3% | ||
| Q1 25 | 24.2% | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | 24.4% | 24.7% | ||
| Q2 24 | 24.7% | 23.0% | ||
| Q1 24 | 24.6% | 23.2% |
| Q4 25 | 10.4% | 5.2% | ||
| Q3 25 | 13.1% | 5.1% | ||
| Q2 25 | 13.4% | 5.2% | ||
| Q1 25 | 14.2% | 3.2% | ||
| Q4 24 | 12.4% | 2.5% | ||
| Q3 24 | 14.4% | 2.6% | ||
| Q2 24 | 14.5% | 0.4% | ||
| Q1 24 | 15.4% | -5.2% |
| Q4 25 | 10.5% | 6.2% | ||
| Q3 25 | 9.5% | 6.4% | ||
| Q2 25 | 10.3% | 5.2% | ||
| Q1 25 | 11.1% | 4.2% | ||
| Q4 24 | 9.5% | 2.4% | ||
| Q3 24 | 10.3% | 4.3% | ||
| Q2 24 | 10.7% | 1.1% | ||
| Q1 24 | 11.3% | -7.7% |
| Q4 25 | $1.02 | $0.18 | ||
| Q3 25 | $0.89 | $0.16 | ||
| Q2 25 | $0.85 | $0.13 | ||
| Q1 25 | $0.82 | $0.09 | ||
| Q4 24 | $0.77 | $0.09 | ||
| Q3 24 | $0.76 | $0.07 | ||
| Q2 24 | $0.79 | $0.02 | ||
| Q1 24 | $0.75 | $-0.15 |
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 | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $2.1B |
| Total Assets | $4.3B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $499.8M | $1.4B | ||
| Q3 25 | $79.6M | $1.4B | ||
| Q2 25 | $37.0M | $1.2B | ||
| Q1 25 | $55.4M | $1.0B | ||
| Q4 24 | $74.1M | $903.0M | ||
| Q3 24 | $35.5M | $761.0M | ||
| Q2 24 | $48.3M | $691.0M | ||
| Q1 24 | $45.9M | $578.0M |
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $998.5M | $1.3B | ||
| Q1 24 | $946.2M | $1.2B |
| Q4 25 | $4.3B | $3.1B | ||
| Q3 25 | $3.8B | $3.0B | ||
| Q2 25 | $3.7B | $2.8B | ||
| Q1 25 | $3.1B | $2.6B | ||
| Q4 24 | $2.9B | $2.4B | ||
| Q3 24 | $2.9B | $2.2B | ||
| Q2 24 | $2.8B | $2.2B | ||
| Q1 24 | $2.8B | $2.1B |
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 | $194.0M |
| Free Cash FlowOCF − Capex | $56.8M | $178.0M |
| FCF MarginFCF / Revenue | 6.4% | 10.9% |
| Capex IntensityCapex / Revenue | 7.9% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.37× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $295.3M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.0M | $194.0M | ||
| Q3 25 | $143.2M | $165.0M | ||
| Q2 25 | $159.0M | $223.0M | ||
| Q1 25 | $50.6M | $79.0M | ||
| Q4 24 | $276.9M | $147.0M | ||
| Q3 24 | $32.6M | $109.0M | ||
| Q2 24 | $65.9M | $124.0M | ||
| Q1 24 | $33.0M | $-20.0M |
| Q4 25 | $56.8M | $178.0M | ||
| Q3 25 | $94.9M | $153.0M | ||
| Q2 25 | $126.3M | $208.0M | ||
| Q1 25 | $17.3M | $69.0M | ||
| Q4 24 | $224.4M | $134.0M | ||
| Q3 24 | $-7.7M | $97.0M | ||
| Q2 24 | $35.5M | $108.0M | ||
| Q1 24 | $2.6M | $-33.0M |
| Q4 25 | 6.4% | 10.9% | ||
| Q3 25 | 11.0% | 9.4% | ||
| Q2 25 | 16.5% | 13.4% | ||
| Q1 25 | 2.5% | 5.2% | ||
| Q4 24 | 30.1% | 10.0% | ||
| Q3 24 | -1.1% | 7.4% | ||
| Q2 24 | 5.2% | 8.7% | ||
| Q1 24 | 0.4% | -3.1% |
| Q4 25 | 7.9% | 1.0% | ||
| Q3 25 | 5.6% | 0.7% | ||
| Q2 25 | 4.3% | 1.0% | ||
| Q1 25 | 4.9% | 0.7% | ||
| Q4 24 | 7.0% | 1.0% | ||
| Q3 24 | 6.0% | 0.9% | ||
| Q2 24 | 4.5% | 1.3% | ||
| Q1 24 | 5.0% | 1.2% |
| Q4 25 | 1.37× | 1.92× | ||
| Q3 25 | 1.74× | 1.57× | ||
| Q2 25 | 2.03× | 2.79× | ||
| Q1 25 | 0.67× | 1.41× | ||
| Q4 24 | 3.90× | 4.59× | ||
| Q3 24 | 0.47× | 1.95× | ||
| Q2 24 | 0.90× | 8.86× | ||
| Q1 24 | 0.48× | — |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
