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

BWX Technologies, Inc. is the larger business by last-quarter revenue ($885.8M vs $575.2M, roughly 1.5× Tyler Technologies). Tyler Technologies runs the higher net margin — 11.4% vs 10.5%, a 0.9% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (18.7% vs 6.3%). Tyler Technologies produced more free cash flow last quarter ($239.6M vs $56.8M). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (21.1% CAGR vs 6.0%).

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

Tyler Technologies, Inc. is an American technology company based in Plano, Texas, that provides proprietary software to the U.S. public sector. Tyler Technologies has offices in 17 states and one in Toronto, Ontario, Canada.

BWXT vs TYL — Head-to-Head

Bigger by revenue
BWXT
BWXT
1.5× larger
BWXT
$885.8M
$575.2M
TYL
Growing faster (revenue YoY)
BWXT
BWXT
+12.4% gap
BWXT
18.7%
6.3%
TYL
Higher net margin
TYL
TYL
0.9% more per $
TYL
11.4%
10.5%
BWXT
More free cash flow
TYL
TYL
$182.8M more FCF
TYL
$239.6M
$56.8M
BWXT
Faster 2-yr revenue CAGR
BWXT
BWXT
Annualised
BWXT
21.1%
6.0%
TYL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BWXT
BWXT
TYL
TYL
Revenue
$885.8M
$575.2M
Net Profit
$93.0M
$65.5M
Gross Margin
45.5%
Operating Margin
10.4%
13.0%
Net Margin
10.5%
11.4%
Revenue YoY
18.7%
6.3%
Net Profit YoY
30.9%
0.5%
EPS (diluted)
$1.02
$1.50

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
TYL
TYL
Q4 25
$885.8M
$575.2M
Q3 25
$866.3M
$595.9M
Q2 25
$764.0M
$596.1M
Q1 25
$682.3M
$565.2M
Q4 24
$746.3M
$541.1M
Q3 24
$672.0M
$543.3M
Q2 24
$681.5M
$541.0M
Q1 24
$604.0M
$512.4M
Net Profit
BWXT
BWXT
TYL
TYL
Q4 25
$93.0M
$65.5M
Q3 25
$82.1M
$84.4M
Q2 25
$78.4M
$84.6M
Q1 25
$75.5M
$81.1M
Q4 24
$71.0M
$65.2M
Q3 24
$69.5M
$75.9M
Q2 24
$73.0M
$67.7M
Q1 24
$68.5M
$54.2M
Gross Margin
BWXT
BWXT
TYL
TYL
Q4 25
45.5%
Q3 25
21.8%
47.2%
Q2 25
25.1%
45.8%
Q1 25
24.2%
47.3%
Q4 24
43.8%
Q3 24
24.4%
43.7%
Q2 24
24.7%
44.0%
Q1 24
24.6%
43.7%
Operating Margin
BWXT
BWXT
TYL
TYL
Q4 25
10.4%
13.0%
Q3 25
13.1%
16.4%
Q2 25
13.4%
16.0%
Q1 25
14.2%
15.8%
Q4 24
12.4%
13.2%
Q3 24
14.4%
15.2%
Q2 24
14.5%
14.4%
Q1 24
15.4%
13.1%
Net Margin
BWXT
BWXT
TYL
TYL
Q4 25
10.5%
11.4%
Q3 25
9.5%
14.2%
Q2 25
10.3%
14.2%
Q1 25
11.1%
14.3%
Q4 24
9.5%
12.1%
Q3 24
10.3%
14.0%
Q2 24
10.7%
12.5%
Q1 24
11.3%
10.6%
EPS (diluted)
BWXT
BWXT
TYL
TYL
Q4 25
$1.02
$1.50
Q3 25
$0.89
$1.93
Q2 25
$0.85
$1.93
Q1 25
$0.82
$1.84
Q4 24
$0.77
$1.48
Q3 24
$0.76
$1.74
Q2 24
$0.79
$1.57
Q1 24
$0.75
$1.26

Balance Sheet & Financial Strength

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

Metric
BWXT
BWXT
TYL
TYL
Cash + ST InvestmentsLiquidity on hand
$499.8M
$1.1B
Total DebtLower is stronger
$599.7M
Stockholders' EquityBook value
$1.2B
$3.7B
Total Assets
$4.3B
$5.6B
Debt / EquityLower = less leverage
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWXT
BWXT
TYL
TYL
Q4 25
$499.8M
$1.1B
Q3 25
$79.6M
$950.8M
Q2 25
$37.0M
$892.3M
Q1 25
$55.4M
$807.4M
Q4 24
$74.1M
$768.0M
Q3 24
$35.5M
$544.3M
Q2 24
$48.3M
$258.0M
Q1 24
$45.9M
$196.9M
Total Debt
BWXT
BWXT
TYL
TYL
Q4 25
$599.7M
Q3 25
$599.2M
Q2 25
$598.8M
Q1 25
$598.4M
Q4 24
$597.9M
Q3 24
$597.5M
Q2 24
$597.1M
Q1 24
$596.6M
Stockholders' Equity
BWXT
BWXT
TYL
TYL
Q4 25
$1.2B
$3.7B
Q3 25
$1.2B
$3.6B
Q2 25
$1.2B
$3.6B
Q1 25
$1.1B
$3.5B
Q4 24
$1.1B
$3.4B
Q3 24
$1.1B
$3.3B
Q2 24
$998.5M
$3.1B
Q1 24
$946.2M
$3.0B
Total Assets
BWXT
BWXT
TYL
TYL
Q4 25
$4.3B
$5.6B
Q3 25
$3.8B
$5.5B
Q2 25
$3.7B
$5.4B
Q1 25
$3.1B
$5.2B
Q4 24
$2.9B
$5.2B
Q3 24
$2.9B
$5.0B
Q2 24
$2.8B
$4.8B
Q1 24
$2.8B
$4.6B
Debt / Equity
BWXT
BWXT
TYL
TYL
Q4 25
0.16×
Q3 25
0.17×
Q2 25
0.16×
Q1 25
0.17×
Q4 24
0.18×
Q3 24
0.18×
Q2 24
0.19×
Q1 24
0.20×

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
TYL
TYL
Operating Cash FlowLast quarter
$127.0M
$243.9M
Free Cash FlowOCF − Capex
$56.8M
$239.6M
FCF MarginFCF / Revenue
6.4%
41.7%
Capex IntensityCapex / Revenue
7.9%
0.8%
Cash ConversionOCF / Net Profit
1.37×
3.72×
TTM Free Cash FlowTrailing 4 quarters
$295.3M
$637.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWXT
BWXT
TYL
TYL
Q4 25
$127.0M
$243.9M
Q3 25
$143.2M
$255.2M
Q2 25
$159.0M
$98.3M
Q1 25
$50.6M
$56.2M
Q4 24
$276.9M
$224.8M
Q3 24
$32.6M
$263.7M
Q2 24
$65.9M
$64.3M
Q1 24
$33.0M
$71.8M
Free Cash Flow
BWXT
BWXT
TYL
TYL
Q4 25
$56.8M
$239.6M
Q3 25
$94.9M
$251.3M
Q2 25
$126.3M
$92.8M
Q1 25
$17.3M
$53.8M
Q4 24
$224.4M
$221.0M
Q3 24
$-7.7M
$260.8M
Q2 24
$35.5M
$57.7M
Q1 24
$2.6M
$64.6M
FCF Margin
BWXT
BWXT
TYL
TYL
Q4 25
6.4%
41.7%
Q3 25
11.0%
42.2%
Q2 25
16.5%
15.6%
Q1 25
2.5%
9.5%
Q4 24
30.1%
40.8%
Q3 24
-1.1%
48.0%
Q2 24
5.2%
10.7%
Q1 24
0.4%
12.6%
Capex Intensity
BWXT
BWXT
TYL
TYL
Q4 25
7.9%
0.8%
Q3 25
5.6%
0.7%
Q2 25
4.3%
0.9%
Q1 25
4.9%
0.4%
Q4 24
7.0%
0.7%
Q3 24
6.0%
0.5%
Q2 24
4.5%
1.2%
Q1 24
5.0%
1.4%
Cash Conversion
BWXT
BWXT
TYL
TYL
Q4 25
1.37×
3.72×
Q3 25
1.74×
3.02×
Q2 25
2.03×
1.16×
Q1 25
0.67×
0.69×
Q4 24
3.90×
3.45×
Q3 24
0.47×
3.47×
Q2 24
0.90×
0.95×
Q1 24
0.48×
1.33×

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%

TYL
TYL

Saas Arrangements$186.1M32%
Platform Technologies Segment$143.3M25%
Maintenance$109.4M19%
Professional Services$55.3M10%
Nonrecurring Revenue$51.3M9%
Other$21.4M4%
Hardware And Other$8.4M1%

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