| Stage | BWXT | % of rev | MRCY | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $953M | 100.00% | $290M | 100.00% | BWXT ×3.29 |
| Gross profit | $227M | 23.84% | $89M | 30.57% | MRCY +6.7pp |
| Operating income | $106M | 11.13% | $14M | 4.99% | BWXT +6.1pp |
| Pre-tax income | $132M | 13.84% | $8M | 2.69% | BWXT +11.2pp |
| Net income | $102M | 10.70% | $798,000 | 0.28% | BWXT +10.4pp |
| Stage | BWXT | MRCY | Gap · A − B |
|---|---|---|---|
| Revenue | $953M100.00% | $290M100.00% | BWXT ×3.29 |
| Gross profit | 23.84%$227M | 30.57%$89M | MRCY +6.7pp |
| Operating income | 11.13%$106M | 4.99%$14M | BWXT +6.1pp |
| Pre-tax income | 13.84%$132M | 2.69%$8M | BWXT +11.2pp |
| Net income |
| 10.70%$102M |
| 0.28%$798,000 |
| BWXT +10.4pp |
BWXT 10-KFeb 24 '25
“For the year ended December 31, 2024, U.S. Government contracts comprised approximately 76% of our total consolidated revenues.”
MRCY 10-KAug 18 '26
“We sell certain products and services to U.S. and international defense contractors or directly to the U.S. government on a commercial item basis, eliminating the requirement to certify cost or pricing data.”
BWXT 10-KFeb 24 '25
“We believe many of our programs are well-aligned with national defense and other strategic priorities as we supply high-end equipment for submarines and aircraft carriers for the U.S. Navy and participate in the continuing cleanup, operation and management of critical government-owned nuclear sites, laboratories and manufacturing complexes maintained by the DOE, NASA and other federal agencies.”
MRCY 10-KAug 18 '26
“U.S. Navy * 10 % *”