BWX Technologies vs Moog
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KIRA’s take AI analyst
I put BWX Technologies and Moog side by side, using each one’s latest annual report. Here is what stands out:
- Moog is the larger business, with $3.9B of revenue in fiscal 2025 against $3.2B for BWX Technologies.
- BWX Technologies grew revenue faster (18.3%, against 7.0%).
- BWX Technologies kept more of each dollar of sales as operating profit (12.7% operating margin, against 11.7%).
- BWX Technologies turned more of its sales into free cash flow (9.2% FCF margin, against 3.3%).
- BWX Technologies earned a higher return on the capital invested in it (13.9%, against 11.7%).
- Investors pay more for each dollar of BWX Technologies’s earnings: a P/E of 34.0x against 30.5x for Moog.
Who comes out ahead
Of the 11 measures where higher (or lower) is clearly better, how many each company leads.
BWX Technologies
BWXT
7/11
Revenue growth5-year growthOperating marginNet marginFCF marginReturn on capitalReturn on equity
Moog
MOG-A
3/11
Gross marginNet debt / EBITDAShare count change
Side by side
Best in the row
| Latest fiscal year | BWXT FY25 | MOG-A FY25 |
|---|---|---|
| Size | ||
| Market cap | $12.1B | $11.5B |
| Revenue | $3.2B | $3.9B |
| Free cash flow | $295M | $128M |
| Net income | $329M | $235M |
| Growth | ||
| Revenue growth | 18.3% | 7.0% |
| 5-year growth | 8.5% | 6.0% |
| Share count change | 0.0% | −0.9% |
| Profitability | ||
| Gross margin | 22.9% | 27.4% |
| Operating margin | 12.7% | 11.7% |
| Net margin | 10.3% | 6.1% |
| FCF margin | 9.2% | 3.3% |
| Return on capital | 13.9% | 11.7% |
| Return on equity | 28.4% | 12.3% |
| Balance sheet | ||
| Net debt | $1.5B | $1.0B |
| Net debt / EBITDA | 3.0x | 1.8x |
| Dividends and buybacks | $123M | $179M |
| Valuation & quality | ||
| P/E | 34.0x | 30.5x |
| Piotroski F-score | 7 | 7 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.

