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Side-by-side financial comparison of BWX Technologies, Inc. (BWXT) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
BWX Technologies, Inc. is the larger business by last-quarter revenue ($885.8M vs $625.1M, roughly 1.4× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 10.5%, a 2.9% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (18.7% vs 15.7%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $56.8M). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (21.1% CAGR vs 4.6%).
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
BWXT vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $885.8M | $625.1M |
| Net Profit | $93.0M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | 10.4% | 18.2% |
| Net Margin | 10.5% | 13.4% |
| Revenue YoY | 18.7% | 15.7% |
| Net Profit YoY | 30.9% | 24.0% |
| EPS (diluted) | $1.02 | $2.50 |
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.
| Q4 25 | $885.8M | $625.1M | ||
| Q3 25 | $866.3M | $611.7M | ||
| Q2 25 | $764.0M | $643.7M | ||
| Q1 25 | $682.3M | $558.0M | ||
| Q4 24 | $746.3M | $540.4M | ||
| Q3 24 | $672.0M | $543.6M | ||
| Q2 24 | $681.5M | $597.3M | ||
| Q1 24 | $604.0M | $570.9M |
| Q4 25 | $93.0M | $83.7M | ||
| Q3 25 | $82.1M | $82.2M | ||
| Q2 25 | $78.4M | $100.9M | ||
| Q1 25 | $75.5M | $74.0M | ||
| Q4 24 | $71.0M | $67.5M | ||
| Q3 24 | $69.5M | $69.1M | ||
| Q2 24 | $73.0M | $82.0M | ||
| Q1 24 | $68.5M | $72.6M |
| Q4 25 | — | 49.5% | ||
| Q3 25 | 21.8% | 48.8% | ||
| Q2 25 | 25.1% | 50.6% | ||
| Q1 25 | 24.2% | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | 24.4% | 47.3% | ||
| Q2 24 | 24.7% | 47.7% | ||
| Q1 24 | 24.6% | 46.9% |
| Q4 25 | 10.4% | 18.2% | ||
| Q3 25 | 13.1% | 18.2% | ||
| Q2 25 | 13.4% | 21.0% | ||
| Q1 25 | 14.2% | 15.7% | ||
| Q4 24 | 12.4% | 16.5% | ||
| Q3 24 | 14.4% | 17.1% | ||
| Q2 24 | 14.5% | 18.7% | ||
| Q1 24 | 15.4% | 16.9% |
| Q4 25 | 10.5% | 13.4% | ||
| Q3 25 | 9.5% | 13.4% | ||
| Q2 25 | 10.3% | 15.7% | ||
| Q1 25 | 11.1% | 13.3% | ||
| Q4 24 | 9.5% | 12.5% | ||
| Q3 24 | 10.3% | 12.7% | ||
| Q2 24 | 10.7% | 13.7% | ||
| Q1 24 | 11.3% | 12.7% |
| Q4 25 | $1.02 | $2.50 | ||
| Q3 25 | $0.89 | $2.45 | ||
| Q2 25 | $0.85 | $3.01 | ||
| Q1 25 | $0.82 | $2.21 | ||
| Q4 24 | $0.77 | $2.02 | ||
| Q3 24 | $0.76 | $2.06 | ||
| Q2 24 | $0.79 | $2.44 | ||
| Q1 24 | $0.75 | $2.17 |
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 | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $2.0B |
| Total Assets | $4.3B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $499.8M | $405.5M | ||
| Q3 25 | $79.6M | $457.7M | ||
| Q2 25 | $37.0M | $369.3M | ||
| Q1 25 | $55.4M | $336.8M | ||
| Q4 24 | $74.1M | $386.9M | ||
| Q3 24 | $35.5M | $303.9M | ||
| Q2 24 | $48.3M | $279.4M | ||
| Q1 24 | $45.9M | $237.1M |
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $998.5M | $1.6B | ||
| Q1 24 | $946.2M | $1.6B |
| Q4 25 | $4.3B | $2.9B | ||
| Q3 25 | $3.8B | $2.7B | ||
| Q2 25 | $3.7B | $2.6B | ||
| Q1 25 | $3.1B | $2.5B | ||
| Q4 24 | $2.9B | $2.4B | ||
| Q3 24 | $2.9B | $2.4B | ||
| Q2 24 | $2.8B | $2.4B | ||
| Q1 24 | $2.8B | $2.3B |
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 | $154.7M |
| Free Cash FlowOCF − Capex | $56.8M | $140.3M |
| FCF MarginFCF / Revenue | 6.4% | 22.4% |
| Capex IntensityCapex / Revenue | 7.9% | 2.3% |
| Cash ConversionOCF / Net Profit | 1.37× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $295.3M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.0M | $154.7M | ||
| Q3 25 | $143.2M | $122.4M | ||
| Q2 25 | $159.0M | $69.7M | ||
| Q1 25 | $50.6M | $55.2M | ||
| Q4 24 | $276.9M | $139.5M | ||
| Q3 24 | $32.6M | $90.7M | ||
| Q2 24 | $65.9M | $85.3M | ||
| Q1 24 | $33.0M | $45.6M |
| Q4 25 | $56.8M | $140.3M | ||
| Q3 25 | $94.9M | $110.9M | ||
| Q2 25 | $126.3M | $59.5M | ||
| Q1 25 | $17.3M | $45.6M | ||
| Q4 24 | $224.4M | $127.5M | ||
| Q3 24 | $-7.7M | $84.3M | ||
| Q2 24 | $35.5M | $78.5M | ||
| Q1 24 | $2.6M | $35.5M |
| Q4 25 | 6.4% | 22.4% | ||
| Q3 25 | 11.0% | 18.1% | ||
| Q2 25 | 16.5% | 9.2% | ||
| Q1 25 | 2.5% | 8.2% | ||
| Q4 24 | 30.1% | 23.6% | ||
| Q3 24 | -1.1% | 15.5% | ||
| Q2 24 | 5.2% | 13.1% | ||
| Q1 24 | 0.4% | 6.2% |
| Q4 25 | 7.9% | 2.3% | ||
| Q3 25 | 5.6% | 1.9% | ||
| Q2 25 | 4.3% | 1.6% | ||
| Q1 25 | 4.9% | 1.7% | ||
| Q4 24 | 7.0% | 2.2% | ||
| Q3 24 | 6.0% | 1.2% | ||
| Q2 24 | 4.5% | 1.1% | ||
| Q1 24 | 5.0% | 1.8% |
| Q4 25 | 1.37× | 1.85× | ||
| Q3 25 | 1.74× | 1.49× | ||
| Q2 25 | 2.03× | 0.69× | ||
| Q1 25 | 0.67× | 0.75× | ||
| Q4 24 | 3.90× | 2.07× | ||
| Q3 24 | 0.47× | 1.31× | ||
| Q2 24 | 0.90× | 1.04× | ||
| Q1 24 | 0.48× | 0.63× |
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% |
WTS
Segment breakdown not available.
