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BWX Technologies, Inc.（BWXT）与POWER SOLUTIONS INTERNATIONAL, INC.（PSIX）财务数据对比。点击上方公司名可切换其他公司
BWX Technologies, Inc.的季度营收约是POWER SOLUTIONS INTERNATIONAL, INC.的4.6倍（$885.8M vs $191.2M）。BWX Technologies, Inc.净利率更高（10.5% vs 8.4%，领先2.1%）。POWER SOLUTIONS INTERNATIONAL, INC.同比增速更快（32.5% vs 18.7%）。BWX Technologies, Inc.自由现金流更多（$56.8M vs $-7.6M）。过去两年POWER SOLUTIONS INTERNATIONAL, INC.的营收复合增速更高（41.7% vs 21.1%）
BWX Technologies Inc.（简称BWXT）总部位于美国弗吉尼亚州林奇堡，是一家面向全球供应核部件与核燃料的专业企业，产品广泛应用于核电及核工业相关领域，服务覆盖全球多个国家和地区的客户。
阿达尼能源解决方案有限公司（前身为阿达尼输电有限公司）是一家电力输配企业，总部位于艾哈迈达巴德。截至2025年4月，公司累计输电网络总长26696回路公里，是印度规模最大的民营输电企业之一。
BWXT vs PSIX — 直观对比
营收规模更大
BWXT
是对方的4.6倍
$191.2M
营收增速更快
PSIX
高出13.8%
18.7%
净利率更高
BWXT
高出2.1%
8.4%
自由现金流更多
BWXT
多$64.4M
$-7.6M
两年增速更快
PSIX
近两年复合增速
21.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $885.8M | $191.2M |
| 净利润 | $93.0M | $16.1M |
| 毛利率 | — | 21.9% |
| 营业利润率 | 10.4% | 12.7% |
| 净利率 | 10.5% | 8.4% |
| 营收同比 | 18.7% | 32.5% |
| 净利润同比 | 30.9% | -31.0% |
| 每股收益（稀释后） | $1.02 | $0.69 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BWXTPSIX
| Q4 25 | $885.8M | $191.2M | ||
| Q3 25 | $866.3M | $203.8M | ||
| Q2 25 | $764.0M | $191.9M | ||
| Q1 25 | $682.3M | $135.4M | ||
| Q4 24 | $746.3M | $144.3M | ||
| Q3 24 | $672.0M | $125.8M | ||
| Q2 24 | $681.5M | $110.6M | ||
| Q1 24 | $604.0M | $95.2M |
净利润BWXTPSIX
| Q4 25 | $93.0M | $16.1M | ||
| Q3 25 | $82.1M | $27.6M | ||
| Q2 25 | $78.4M | $51.2M | ||
| Q1 25 | $75.5M | $19.1M | ||
| Q4 24 | $71.0M | $23.3M | ||
| Q3 24 | $69.5M | $17.3M | ||
| Q2 24 | $73.0M | $21.5M | ||
| Q1 24 | $68.5M | $7.1M |
毛利率BWXTPSIX
| Q4 25 | — | 21.9% | ||
| Q3 25 | 21.8% | 23.9% | ||
| Q2 25 | 25.1% | 28.2% | ||
| Q1 25 | 24.2% | 29.7% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | 24.4% | 28.9% | ||
| Q2 24 | 24.7% | 31.8% | ||
| Q1 24 | 24.6% | 27.0% |
营业利润率BWXTPSIX
| Q4 25 | 10.4% | 12.7% | ||
| Q3 25 | 13.1% | 13.9% | ||
| Q2 25 | 13.4% | 16.9% | ||
| Q1 25 | 14.2% | 18.2% | ||
| Q4 24 | 12.4% | 17.5% | ||
| Q3 24 | 14.4% | 16.3% | ||
| Q2 24 | 14.5% | 22.9% | ||
| Q1 24 | 15.4% | 11.2% |
净利率BWXTPSIX
| Q4 25 | 10.5% | 8.4% | ||
| Q3 25 | 9.5% | 13.5% | ||
| Q2 25 | 10.3% | 26.7% | ||
| Q1 25 | 11.1% | 14.1% | ||
| Q4 24 | 9.5% | 16.1% | ||
| Q3 24 | 10.3% | 13.8% | ||
| Q2 24 | 10.7% | 19.5% | ||
| Q1 24 | 11.3% | 7.5% |
每股收益（稀释后）BWXTPSIX
| Q4 25 | $1.02 | $0.69 | ||
| Q3 25 | $0.89 | $1.20 | ||
| Q2 25 | $0.85 | $2.22 | ||
| Q1 25 | $0.82 | $0.83 | ||
| Q4 24 | $0.77 | $1.01 | ||
| Q3 24 | $0.76 | $0.75 | ||
| Q2 24 | $0.79 | $0.94 | ||
| Q1 24 | $0.75 | $0.31 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $499.8M | $41.3M |
| 总债务越低越好 | — | $96.6M |
| 股东权益账面价值 | $1.2B | $178.6M |
| 总资产 | $4.3B | $424.7M |
| 负债/权益比越低杠杆越低 | — | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资BWXTPSIX
| Q4 25 | $499.8M | $41.3M | ||
| Q3 25 | $79.6M | $49.0M | ||
| Q2 25 | $37.0M | $49.5M | ||
| Q1 25 | $55.4M | $50.0M | ||
| Q4 24 | $74.1M | $55.3M | ||
| Q3 24 | $35.5M | $40.5M | ||
| Q2 24 | $48.3M | $28.8M | ||
| Q1 24 | $45.9M | $33.1M |
总债务BWXTPSIX
| Q4 25 | — | $96.6M | ||
| Q3 25 | — | $96.7M | ||
| Q2 25 | — | $1.8M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | — | $184.0K | ||
| Q3 24 | — | $238.0K | ||
| Q2 24 | — | $292.0K | ||
| Q1 24 | — | $345.0K |
股东权益BWXTPSIX
| Q4 25 | $1.2B | $178.6M | ||
| Q3 25 | $1.2B | $162.5M | ||
| Q2 25 | $1.2B | $135.7M | ||
| Q1 25 | $1.1B | $84.3M | ||
| Q4 24 | $1.1B | $65.3M | ||
| Q3 24 | $1.1B | $42.1M | ||
| Q2 24 | $998.5M | $24.8M | ||
| Q1 24 | $946.2M | $3.2M |
总资产BWXTPSIX
| Q4 25 | $4.3B | $424.7M | ||
| Q3 25 | $3.8B | $458.9M | ||
| Q2 25 | $3.7B | $437.7M | ||
| Q1 25 | $3.1B | $372.7M | ||
| Q4 24 | $2.9B | $328.2M | ||
| Q3 24 | $2.9B | $339.1M | ||
| Q2 24 | $2.8B | $307.6M | ||
| Q1 24 | $2.8B | $286.8M |
负债/权益比BWXTPSIX
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | 0.11× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $127.0M | $-4.6M |
| 自由现金流经营现金流 - 资本支出 | $56.8M | $-7.6M |
| 自由现金流率自由现金流/营收 | 6.4% | -4.0% |
| 资本支出强度资本支出/营收 | 7.9% | 1.6% |
| 现金转化率经营现金流/净利润 | 1.37× | -0.29× |
| 过去12个月自由现金流最近4个季度 | $295.3M | $14.1M |
8季度趋势，按日历期对齐
经营现金流BWXTPSIX
| Q4 25 | $127.0M | $-4.6M | ||
| Q3 25 | $143.2M | $3.3M | ||
| Q2 25 | $159.0M | $16.7M | ||
| Q1 25 | $50.6M | $8.8M | ||
| Q4 24 | $276.9M | $32.7M | ||
| Q3 24 | $32.6M | $12.6M | ||
| Q2 24 | $65.9M | $1.5M | ||
| Q1 24 | $33.0M | $15.6M |
自由现金流BWXTPSIX
| Q4 25 | $56.8M | $-7.6M | ||
| Q3 25 | $94.9M | $1.7M | ||
| Q2 25 | $126.3M | $14.6M | ||
| Q1 25 | $17.3M | $5.4M | ||
| Q4 24 | $224.4M | $30.0M | ||
| Q3 24 | $-7.7M | $12.1M | ||
| Q2 24 | $35.5M | $822.0K | ||
| Q1 24 | $2.6M | $14.8M |
自由现金流率BWXTPSIX
| Q4 25 | 6.4% | -4.0% | ||
| Q3 25 | 11.0% | 0.8% | ||
| Q2 25 | 16.5% | 7.6% | ||
| Q1 25 | 2.5% | 4.0% | ||
| Q4 24 | 30.1% | 20.8% | ||
| Q3 24 | -1.1% | 9.7% | ||
| Q2 24 | 5.2% | 0.7% | ||
| Q1 24 | 0.4% | 15.6% |
资本支出强度BWXTPSIX
| Q4 25 | 7.9% | 1.6% | ||
| Q3 25 | 5.6% | 0.8% | ||
| Q2 25 | 4.3% | 1.1% | ||
| Q1 25 | 4.9% | 2.5% | ||
| Q4 24 | 7.0% | 1.8% | ||
| Q3 24 | 6.0% | 0.3% | ||
| Q2 24 | 4.5% | 0.6% | ||
| Q1 24 | 5.0% | 0.9% |
现金转化率BWXTPSIX
| Q4 25 | 1.37× | -0.29× | ||
| Q3 25 | 1.74× | 0.12× | ||
| Q2 25 | 2.03× | 0.33× | ||
| Q1 25 | 0.67× | 0.46× | ||
| Q4 24 | 3.90× | 1.40× | ||
| Q3 24 | 0.47× | 0.73× | ||
| Q2 24 | 0.90× | 0.07× | ||
| Q1 24 | 0.48× | 2.20× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
