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BWX Technologies, Inc.（BWXT）与PTC Inc.（PTC）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PTC Inc.的1.3倍（$885.8M vs $685.8M），PTC Inc.净利率更高（24.3% vs 10.5%，领先13.8%），PTC Inc.同比增速更快（21.4% vs 18.7%），PTC Inc.自由现金流更多（$267.4M vs $56.8M），过去两年BWX Technologies, Inc.的营收复合增速更高（21.1% vs 6.6%）
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。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
BWXT vs PTC — 直观对比
营收规模更大
BWXT
是对方的1.3倍
$685.8M
营收增速更快
PTC
高出2.7%
18.7%
净利率更高
PTC
高出13.8%
10.5%
自由现金流更多
PTC
多$210.6M
$56.8M
两年增速更快
BWXT
近两年复合增速
6.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $885.8M | $685.8M |
| 净利润 | $93.0M | $166.5M |
| 毛利率 | — | 82.8% |
| 营业利润率 | 10.4% | 32.2% |
| 净利率 | 10.5% | 24.3% |
| 营收同比 | 18.7% | 21.4% |
| 净利润同比 | 30.9% | 102.5% |
| 每股收益（稀释后） | $1.02 | $1.39 |
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BWXTPTC
| Q4 25 | $885.8M | $685.8M | ||
| Q3 25 | $866.3M | $893.8M | ||
| Q2 25 | $764.0M | $643.9M | ||
| Q1 25 | $682.3M | $636.4M | ||
| Q4 24 | $746.3M | $565.1M | ||
| Q3 24 | $672.0M | $626.5M | ||
| Q2 24 | $681.5M | $518.6M | ||
| Q1 24 | $604.0M | $603.1M |
净利润BWXTPTC
| Q4 25 | $93.0M | $166.5M | ||
| Q3 25 | $82.1M | $347.8M | ||
| Q2 25 | $78.4M | $141.3M | ||
| Q1 25 | $75.5M | $162.6M | ||
| Q4 24 | $71.0M | $82.2M | ||
| Q3 24 | $69.5M | $126.5M | ||
| Q2 24 | $73.0M | $69.0M | ||
| Q1 24 | $68.5M | $114.4M |
毛利率BWXTPTC
| Q4 25 | — | 82.8% | ||
| Q3 25 | 21.8% | 86.9% | ||
| Q2 25 | 25.1% | 82.9% | ||
| Q1 25 | 24.2% | 83.3% | ||
| Q4 24 | — | 80.2% | ||
| Q3 24 | 24.4% | 82.0% | ||
| Q2 24 | 24.7% | 78.4% | ||
| Q1 24 | 24.6% | 81.8% |
营业利润率BWXTPTC
| Q4 25 | 10.4% | 32.2% | ||
| Q3 25 | 13.1% | 48.5% | ||
| Q2 25 | 13.4% | 32.6% | ||
| Q1 25 | 14.2% | 35.1% | ||
| Q4 24 | 12.4% | 20.4% | ||
| Q3 24 | 14.4% | 31.0% | ||
| Q2 24 | 14.5% | 18.5% | ||
| Q1 24 | 15.4% | 29.8% |
净利率BWXTPTC
| Q4 25 | 10.5% | 24.3% | ||
| Q3 25 | 9.5% | 38.9% | ||
| Q2 25 | 10.3% | 21.9% | ||
| Q1 25 | 11.1% | 25.6% | ||
| Q4 24 | 9.5% | 14.6% | ||
| Q3 24 | 10.3% | 20.2% | ||
| Q2 24 | 10.7% | 13.3% | ||
| Q1 24 | 11.3% | 19.0% |
每股收益（稀释后）BWXTPTC
| Q4 25 | $1.02 | $1.39 | ||
| Q3 25 | $0.89 | $2.88 | ||
| Q2 25 | $0.85 | $1.17 | ||
| Q1 25 | $0.82 | $1.35 | ||
| Q4 24 | $0.77 | $0.68 | ||
| Q3 24 | $0.76 | $1.05 | ||
| Q2 24 | $0.79 | $0.57 | ||
| Q1 24 | $0.75 | $0.95 |
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 | $209.7M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $1.2B | $3.8B |
| 总资产 | $4.3B | $6.4B |
| 负债/权益比越低杠杆越低 | — | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资BWXTPTC
| Q4 25 | $499.8M | $209.7M | ||
| Q3 25 | $79.6M | $184.4M | ||
| Q2 25 | $37.0M | $199.3M | ||
| Q1 25 | $55.4M | $235.2M | ||
| Q4 24 | $74.1M | $196.3M | ||
| Q3 24 | $35.5M | $265.8M | ||
| Q2 24 | $48.3M | $247.7M | ||
| Q1 24 | $45.9M | $249.0M |
总债务BWXTPTC
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.5B |
股东权益BWXTPTC
| Q4 25 | $1.2B | $3.8B | ||
| Q3 25 | $1.2B | $3.8B | ||
| Q2 25 | $1.2B | $3.5B | ||
| Q1 25 | $1.1B | $3.4B | ||
| Q4 24 | $1.1B | $3.2B | ||
| Q3 24 | $1.1B | $3.2B | ||
| Q2 24 | $998.5M | $3.0B | ||
| Q1 24 | $946.2M | $2.9B |
总资产BWXTPTC
| Q4 25 | $4.3B | $6.4B | ||
| Q3 25 | $3.8B | $6.6B | ||
| Q2 25 | $3.7B | $6.2B | ||
| Q1 25 | $3.1B | $6.2B | ||
| Q4 24 | $2.9B | $6.1B | ||
| Q3 24 | $2.9B | $6.4B | ||
| Q2 24 | $2.8B | $6.1B | ||
| Q1 24 | $2.8B | $6.2B |
负债/权益比BWXTPTC
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.51× |
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 | $269.7M |
| 自由现金流经营现金流 - 资本支出 | $56.8M | $267.4M |
| 自由现金流率自由现金流/营收 | 6.4% | 39.0% |
| 资本支出强度资本支出/营收 | 7.9% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.37× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $295.3M | $888.4M |
8季度趋势，按日历期对齐
经营现金流BWXTPTC
| Q4 25 | $127.0M | $269.7M | ||
| Q3 25 | $143.2M | $104.0M | ||
| Q2 25 | $159.0M | $243.9M | ||
| Q1 25 | $50.6M | $281.3M | ||
| Q4 24 | $276.9M | $238.4M | ||
| Q3 24 | $32.6M | $98.1M | ||
| Q2 24 | $65.9M | $213.8M | ||
| Q1 24 | $33.0M | $250.7M |
自由现金流BWXTPTC
| Q4 25 | $56.8M | $267.4M | ||
| Q3 25 | $94.9M | $100.5M | ||
| Q2 25 | $126.3M | $242.0M | ||
| Q1 25 | $17.3M | $278.5M | ||
| Q4 24 | $224.4M | $235.7M | ||
| Q3 24 | $-7.7M | $93.6M | ||
| Q2 24 | $35.5M | $212.2M | ||
| Q1 24 | $2.6M | $247.1M |
自由现金流率BWXTPTC
| Q4 25 | 6.4% | 39.0% | ||
| Q3 25 | 11.0% | 11.2% | ||
| Q2 25 | 16.5% | 37.6% | ||
| Q1 25 | 2.5% | 43.8% | ||
| Q4 24 | 30.1% | 41.7% | ||
| Q3 24 | -1.1% | 14.9% | ||
| Q2 24 | 5.2% | 40.9% | ||
| Q1 24 | 0.4% | 41.0% |
资本支出强度BWXTPTC
| Q4 25 | 7.9% | 0.3% | ||
| Q3 25 | 5.6% | 0.4% | ||
| Q2 25 | 4.3% | 0.3% | ||
| Q1 25 | 4.9% | 0.4% | ||
| Q4 24 | 7.0% | 0.5% | ||
| Q3 24 | 6.0% | 0.7% | ||
| Q2 24 | 4.5% | 0.3% | ||
| Q1 24 | 5.0% | 0.6% |
现金转化率BWXTPTC
| Q4 25 | 1.37× | 1.62× | ||
| Q3 25 | 1.74× | 0.30× | ||
| Q2 25 | 2.03× | 1.73× | ||
| Q1 25 | 0.67× | 1.73× | ||
| Q4 24 | 3.90× | 2.90× | ||
| Q3 24 | 0.47× | 0.78× | ||
| Q2 24 | 0.90× | 3.10× | ||
| Q1 24 | 0.48× | 2.19× |
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% |
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
