AAR vs BWX Technologies
AAR and BWX Technologies are similar in size: $3.31bn and $3.20bn of revenue in their latest fiscal years. AAR grew faster (19.0% against 18.3%). BWX Technologies kept more of each dollar of sales as profit: a net margin of 10.3% against 5.7%. AAR carries less debt relative to equity (52.5% against 163.6%).
| Latest fiscal year | AARAIR, 2026 | BWX TechnologiesBWXT, 2025 |
|---|---|---|
| Revenue | $3.31bn | $3.20bn |
| Revenue growth | 19.0% | 18.3% |
| Net income | $188m | $329m |
| Operating margin | — | 12.6% |
| Net margin | 5.7% | 10.3% |
| Return on equity | 12.9% | 28.4% |
| Free cash flow | $62.1m | $295m |
| Cash | $84.0m | $500m |
| Total debt | $894m | $2.02bn |
| Debt to equity | 52.5% | 163.6% |
| Dividend per share | — | $0.96 |
| Dividend yield | — | 0.8% |
| Share buybacks | — | $30.0m |
| Employees | 7,100 | — |
| Market value | $4.37bn | $12.20bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 32 (Weak) | 71 (Strong) |
| Insider trades, 12 months | 0 buys, 25 sales | 0 buys, 22 sales |