BWXT vs. NOC: BWX Technologies vs. Northrop Grumman Stock Comparison

November 11, 2026

How do BWX Technologies (BWXT) and Northrop Grumman (NOC) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

BWX Technologies (BWXT) and Northrop Grumman (NOC) are both classified in the Aerospace & Defense sub-industry within the broader Aerospace & Defense industry, placing them in the closest GICS peer bucket.

Company profile comparison for BWX Technologies (BWXT) and Northrop Grumman (NOC)
Profile Item	BWXT	NOC
Name	BWX Technologies, Inc.	Northrop Grumman Corporation
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Aerospace & Defense
GICS Sub-Industry	Aerospace & Defense	Aerospace & Defense
Market Capitalization	10.95 billion USD	74.59 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	August 2, 2010	December 31, 1981
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

BWXT

NOC

GSPC

BWX Technologies (BWXT) vs. Northrop Grumman (NOC), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for BWX Technologies (BWXT) and Northrop Grumman (NOC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for BWX Technologies (BWXT) and Northrop Grumman (NOC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for BWX Technologies (BWXT) and Northrop Grumman (NOC)
Metric	BWXT	NOC
Total Return (1Y)	-33.33%	-3.34%
Total Return (3Y, Annualized)	20.43%	7.23%
Total Return (5Y, Annualized)	20.57%	9.98%

Risk Profile

Drawdown History

BWXT

NOC

GSPC

BWX Technologies (BWXT) vs. Northrop Grumman (NOC), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for BWX Technologies (BWXT) and Northrop Grumman (NOC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Northrop Grumman (NOC) reports a negative beta of -0.12, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. BWX Technologies (BWXT) has a non-negative beta of 0.73.

Risk profile metrics for BWX Technologies (BWXT) and Northrop Grumman (NOC)
Metric	BWXT	NOC
Volatility (1Y, Annualized)	45.97%	28.86%
Beta (5Y)	0.73	-0.12
Max Drawdown (5Y)	-51.64%	-37.80%
Avg. Volume (3M)	1.19M	902.47K

Risk-Adjusted Performance

Risk-Return Positioning

BWXT and NOC are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for BWX Technologies (BWXT) and Northrop Grumman (NOC)
Metric	BWXT	NOC
Sharpe Ratio (1Y)	-0.82	-0.26
Sortino Ratio (1Y)	-1.11	-0.37

Profitability

ROE (TTM)

Both BWX Technologies (BWXT) at 28.27% and Northrop Grumman (NOC) at 26.07% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

BWXT

Capital Goods industry group

28.27%

Max: 40.55%
BWXT: 28.27%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

NOC

Capital Goods industry group

26.07%

Max: 40.55%
NOC: 26.07%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

BWX Technologies (BWXT) vs. Northrop Grumman (NOC): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Both BWX Technologies (BWXT) at 10.41% and Northrop Grumman (NOC) at 10.37% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

BWXT

Capital Goods industry group

10.41%

Max: 27.47%
Q3: 12.10%
BWXT: 10.41%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

NOC

Capital Goods industry group

10.37%

Max: 27.47%
Q3: 12.10%
NOC: 10.37%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

BWX Technologies (BWXT) vs. Northrop Grumman (NOC): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both BWX Technologies (BWXT) at 11.55% and Northrop Grumman (NOC) at 12.91% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

BWXT

Capital Goods industry group

11.55%

Max: 36.60%
Q3: 18.33%
BWXT: 11.55%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

NOC

Capital Goods industry group

12.91%

Max: 36.60%
Q3: 18.33%
NOC: 12.91%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

BWX Technologies (BWXT) vs. Northrop Grumman (NOC): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for BWX Technologies (BWXT) and Northrop Grumman (NOC)
Metric	BWXT	NOC
ROE (TTM)	28.27%	26.07%
ROA (TTM)	5.49%	7.11%
Net Margin (TTM)	10.41%	10.37%
Operating Margin (TTM)	11.55%	12.91%
Gross Margin (TTM)	22.61%	20.03%

Growth

Revenue Growth

Both BWX Technologies (BWXT) at 18.30% and Northrop Grumman (NOC) at 2.24% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

BWX Technologies (BWXT) vs. Northrop Grumman (NOC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both BWX Technologies (BWXT) at 16.61% and Northrop Grumman (NOC) at 2.61% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

BWX Technologies (BWXT) vs. Northrop Grumman (NOC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for BWX Technologies (BWXT) and Northrop Grumman (NOC)
Metric	BWXT	NOC
Revenue Growth (YoY)	18.30%	2.24%
Revenue Growth (3Y CAGR)	12.73%	4.65%
EPS Growth (YoY)	16.61%	2.61%
EPS Growth (3Y CAGR)	11.25%	-2.60%

Financial Strength

Current Ratio (MRQ)

BWX Technologies (BWXT) at 1.88 keeps current ratio within its industry’s typical mid-range, while Northrop Grumman (NOC) at 1.23 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for NOC.

BWXT

Capital Goods industry group

1.88

Max: 5.22
Q3: 2.95
Median: 2.08
BWXT: 1.88
Q1: 1.43
Min: 0.36

NOC

Capital Goods industry group

1.23

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
NOC: 1.23
Min: 0.36

BWX Technologies (BWXT) vs. Northrop Grumman (NOC): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Northrop Grumman (NOC) at 0.93 carries an industry-typical debt-to-equity mix, while BWX Technologies (BWXT) at 1.43 uses more debt funding than most peers.

BWXT

Capital Goods industry group

1.43

Max: 2.33
BWXT: 1.43
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

NOC

Capital Goods industry group

0.93

Max: 2.33
Q3: 1.12
NOC: 0.93
Median: 0.60
Q1: 0.29
Min: 0.00

BWX Technologies (BWXT) vs. Northrop Grumman (NOC): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for BWX Technologies (BWXT) and Northrop Grumman (NOC)
Metric	BWXT	NOC
Current Ratio (MRQ)	1.88	1.23
Debt / Equity (MRQ)	1.43	0.93
Net Debt / EBITDA	2.92	1.87

Dividends

Dividend Yield (TTM)

Northrop Grumman (NOC) at 1.82% delivers top-quartile income for its industry, while BWX Technologies (BWXT) at 0.92% pays a more typical yield — both are credible income propositions, NOC the richer one.

BWXT

Capital Goods industry group

0.92%

Max: 2.66%
Q3: 1.14%
BWXT: 0.92%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

NOC

Capital Goods industry group

1.82%

Max: 2.66%
NOC: 1.82%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

BWX Technologies (BWXT) vs. Northrop Grumman (NOC): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

BWX Technologies (BWXT) at 26.04% pays out a band-typical share of earnings, while Northrop Grumman (NOC) at 30.18% distributes more than its industry norm — less retained, thinner cover.

BWXT

Capital Goods industry group

26.04%

Max: 67.39%
Q3: 28.02%
BWXT: 26.04%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

NOC

Capital Goods industry group

30.18%

Max: 67.39%
NOC: 30.18%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

BWX Technologies (BWXT) vs. Northrop Grumman (NOC): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for BWX Technologies (BWXT) and Northrop Grumman (NOC)
Metric	BWXT	NOC
Dividend Yield (TTM)	0.92%	1.82%
Dividend Payout Ratio (TTM)	26.04%	30.18%

Valuation

P/E Ratio (TTM)

Northrop Grumman (NOC) at 16.57 sits in the cheaper P/E ratio quartile, while BWX Technologies (BWXT) at 29.37 is closer to its industry’s usual earnings multiple — a discount for NOC, though growth and earnings durability still matter.

BWXT

Capital Goods industry group

29.37

Max: 59.38
Q3: 35.92
BWXT: 29.37
Median: 25.41
Q1: 19.47
Min: 3.03

NOC

Capital Goods industry group

16.57

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
NOC: 16.57
Min: 3.03

BWX Technologies (BWXT) vs. Northrop Grumman (NOC): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both BWX Technologies (BWXT) at 3.04 and Northrop Grumman (NOC) at 1.71 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

BWXT

Capital Goods industry group

3.04

Max: 7.54
Q3: 3.76
BWXT: 3.04
Median: 2.15
Q1: 1.03
Min: 0.03

NOC

Capital Goods industry group

1.71

Max: 7.54
Q3: 3.76
Median: 2.15
NOC: 1.71
Q1: 1.03
Min: 0.03

BWX Technologies (BWXT) vs. Northrop Grumman (NOC): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Northrop Grumman (NOC) at 3.99 is valued about in line with its industry on P/B ratio, while BWX Technologies (BWXT) at 7.72 carries an above-peer premium to book — BWXT is pricier on assets.

BWXT

Capital Goods industry group

7.72

Max: 9.66
BWXT: 7.72
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

NOC

Capital Goods industry group

3.99

Max: 9.66
Q3: 5.00
NOC: 3.99
Median: 3.12
Q1: 1.81
Min: -1.08

BWX Technologies (BWXT) vs. Northrop Grumman (NOC): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for BWX Technologies (BWXT) and Northrop Grumman (NOC)
Metric	BWXT	NOC
P/E Ratio (TTM)	29.37	16.57
P/S Ratio (TTM)	3.04	1.71
P/B Ratio (MRQ)	7.72	3.99
Free Cash Flow Yield (TTM)	2.64%	4.21%