vs
BWX Technologies, Inc.（BWXT）与Woodward, Inc.（WWD）财务数据对比。点击上方公司名可切换其他公司
Woodward, Inc.的季度营收约是BWX Technologies, Inc.的1.1倍（$996.5M vs $885.8M），Woodward, Inc.净利率更高（13.4% vs 10.5%，领先2.9%），Woodward, Inc.同比增速更快（29.0% vs 18.7%），Woodward, Inc.自由现金流更多（$70.3M vs $56.8M），过去两年BWX Technologies, Inc.的营收复合增速更高（21.1% vs 9.2%）
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。
伍德沃德（Woodward, Inc.）是美国的控制系统及组件供应商，业务涵盖产品设计、制造与全链条服务，产品广泛应用于飞机、航空发动机、工业发动机与轮机、发电及移动工业设备领域，同时为国防领域供应军用装置及其他配套设备。
BWXT vs WWD — 直观对比
营收规模更大
WWD
是对方的1.1倍
$885.8M
营收增速更快
WWD
高出10.3%
18.7%
净利率更高
WWD
高出2.9%
10.5%
自由现金流更多
WWD
多$13.5M
$56.8M
两年增速更快
BWXT
近两年复合增速
9.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $885.8M | $996.5M |
| 净利润 | $93.0M | $133.7M |
| 毛利率 | — | 29.3% |
| 营业利润率 | 10.4% | 17.0% |
| 净利率 | 10.5% | 13.4% |
| 营收同比 | 18.7% | 29.0% |
| 净利润同比 | 30.9% | 53.5% |
| 每股收益（稀释后） | $1.02 | $2.17 |
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BWXTWWD
| Q4 25 | $885.8M | $996.5M | ||
| Q3 25 | $866.3M | $995.3M | ||
| Q2 25 | $764.0M | $915.4M | ||
| Q1 25 | $682.3M | $883.6M | ||
| Q4 24 | $746.3M | $772.7M | ||
| Q3 24 | $672.0M | $854.5M | ||
| Q2 24 | $681.5M | $847.7M | ||
| Q1 24 | $604.0M | $835.3M |
净利润BWXTWWD
| Q4 25 | $93.0M | $133.7M | ||
| Q3 25 | $82.1M | $137.6M | ||
| Q2 25 | $78.4M | $108.4M | ||
| Q1 25 | $75.5M | $108.9M | ||
| Q4 24 | $71.0M | $87.1M | ||
| Q3 24 | $69.5M | $83.3M | ||
| Q2 24 | $73.0M | $102.1M | ||
| Q1 24 | $68.5M | $97.6M |
毛利率BWXTWWD
| Q4 25 | — | 29.3% | ||
| Q3 25 | 21.8% | 27.9% | ||
| Q2 25 | 25.1% | 27.2% | ||
| Q1 25 | 24.2% | 27.2% | ||
| Q4 24 | — | 24.5% | ||
| Q3 24 | 24.4% | 24.3% | ||
| Q2 24 | 24.7% | 27.1% | ||
| Q1 24 | 24.6% | 28.1% |
营业利润率BWXTWWD
| Q4 25 | 10.4% | 17.0% | ||
| Q3 25 | 13.1% | 16.1% | ||
| Q2 25 | 13.4% | 13.9% | ||
| Q1 25 | 14.2% | 15.0% | ||
| Q4 24 | 12.4% | 13.2% | ||
| Q3 24 | 14.4% | 11.9% | ||
| Q2 24 | 14.5% | 14.4% | ||
| Q1 24 | 15.4% | 14.4% |
净利率BWXTWWD
| Q4 25 | 10.5% | 13.4% | ||
| Q3 25 | 9.5% | 13.8% | ||
| Q2 25 | 10.3% | 11.8% | ||
| Q1 25 | 11.1% | 12.3% | ||
| Q4 24 | 9.5% | 11.3% | ||
| Q3 24 | 10.3% | 9.7% | ||
| Q2 24 | 10.7% | 12.0% | ||
| Q1 24 | 11.3% | 11.7% |
每股收益（稀释后）BWXTWWD
| Q4 25 | $1.02 | $2.17 | ||
| Q3 25 | $0.89 | $2.23 | ||
| Q2 25 | $0.85 | $1.76 | ||
| Q1 25 | $0.82 | $1.78 | ||
| Q4 24 | $0.77 | $1.42 | ||
| Q3 24 | $0.76 | $1.36 | ||
| Q2 24 | $0.79 | $1.63 | ||
| Q1 24 | $0.75 | $1.56 |
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 | $454.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $2.6B |
| 总资产 | $4.3B | $4.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BWXTWWD
| Q4 25 | $499.8M | $454.2M | ||
| Q3 25 | $79.6M | $327.4M | ||
| Q2 25 | $37.0M | $473.2M | ||
| Q1 25 | $55.4M | $364.1M | ||
| Q4 24 | $74.1M | $283.7M | ||
| Q3 24 | $35.5M | $282.3M | ||
| Q2 24 | $48.3M | $308.3M | ||
| Q1 24 | $45.9M | $316.9M |
总债务BWXTWWD
| Q4 25 | — | — | ||
| Q3 25 | — | $579.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $655.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BWXTWWD
| Q4 25 | $1.2B | $2.6B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.1B | $2.3B | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $998.5M | $2.2B | ||
| Q1 24 | $946.2M | $2.3B |
总资产BWXTWWD
| Q4 25 | $4.3B | $4.7B | ||
| Q3 25 | $3.8B | $4.6B | ||
| Q2 25 | $3.7B | $4.7B | ||
| Q1 25 | $3.1B | $4.5B | ||
| Q4 24 | $2.9B | $4.3B | ||
| Q3 24 | $2.9B | $4.4B | ||
| Q2 24 | $2.8B | $4.3B | ||
| Q1 24 | $2.8B | $4.4B |
负债/权益比BWXTWWD
| Q4 25 | — | — | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.30× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $114.4M |
| 自由现金流经营现金流 - 资本支出 | $56.8M | $70.3M |
| 自由现金流率自由现金流/营收 | 6.4% | 7.1% |
| 资本支出强度资本支出/营收 | 7.9% | 4.4% |
| 现金转化率经营现金流/净利润 | 1.37× | 0.86× |
| 过去12个月自由现金流最近4个季度 | $295.3M | $409.7M |
8季度趋势，按日历期对齐
经营现金流BWXTWWD
| Q4 25 | $127.0M | $114.4M | ||
| Q3 25 | $143.2M | $233.3M | ||
| Q2 25 | $159.0M | $125.6M | ||
| Q1 25 | $50.6M | $77.8M | ||
| Q4 24 | $276.9M | $34.5M | ||
| Q3 24 | $32.6M | $141.8M | ||
| Q2 24 | $65.9M | $153.2M | ||
| Q1 24 | $33.0M | $97.3M |
自由现金流BWXTWWD
| Q4 25 | $56.8M | $70.3M | ||
| Q3 25 | $94.9M | $180.9M | ||
| Q2 25 | $126.3M | $99.1M | ||
| Q1 25 | $17.3M | $59.4M | ||
| Q4 24 | $224.4M | $942.0K | ||
| Q3 24 | $-7.7M | $117.7M | ||
| Q2 24 | $35.5M | $137.3M | ||
| Q1 24 | $2.6M | $82.8M |
自由现金流率BWXTWWD
| Q4 25 | 6.4% | 7.1% | ||
| Q3 25 | 11.0% | 18.2% | ||
| Q2 25 | 16.5% | 10.8% | ||
| Q1 25 | 2.5% | 6.7% | ||
| Q4 24 | 30.1% | 0.1% | ||
| Q3 24 | -1.1% | 13.8% | ||
| Q2 24 | 5.2% | 16.2% | ||
| Q1 24 | 0.4% | 9.9% |
资本支出强度BWXTWWD
| Q4 25 | 7.9% | 4.4% | ||
| Q3 25 | 5.6% | 5.3% | ||
| Q2 25 | 4.3% | 2.9% | ||
| Q1 25 | 4.9% | 2.1% | ||
| Q4 24 | 7.0% | 4.3% | ||
| Q3 24 | 6.0% | 2.8% | ||
| Q2 24 | 4.5% | 1.9% | ||
| Q1 24 | 5.0% | 1.7% |
现金转化率BWXTWWD
| Q4 25 | 1.37× | 0.86× | ||
| Q3 25 | 1.74× | 1.70× | ||
| Q2 25 | 2.03× | 1.16× | ||
| Q1 25 | 0.67× | 0.71× | ||
| Q4 24 | 3.90× | 0.40× | ||
| Q3 24 | 0.47× | 1.70× | ||
| Q2 24 | 0.90× | 1.50× | ||
| Q1 24 | 0.48× | 1.00× |
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% |
WWD
| Transferred At Point In Time | $253.6M | 25% |
| Commercial OEM | $187.9M | 19% |
| Transportation | $166.3M | 17% |
| Defense OEM | $138.2M | 14% |
| Power Generation | $122.8M | 12% |
| Oil And Gas | $72.4M | 7% |
| Defense Aftermarket | $63.8M | 6% |
