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Bristow Group Inc Financials

VTOL
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Bristow Group Inc (VTOL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI VTOL FY2025

Modest sales growth is now dropping through to profit because reinvestment pressure eased in a still asset-heavy business.

From FY2024 to FY2025, capital spending normalized from $255M to $142M. With operating cash flow still near $200M, free cash flow turned positive, meaning FY2025's higher earnings were backed by self-funding cash generation. That is a meaningfully stronger earnings-quality profile than FY2024, when reported profit still coexisted with negative free cash flow.

Margin expansion is outrunning top-line change: operating margin reached 10.7% in FY2025 versus 4.7% in FY2023 while selling and administrative expense stayed roughly flat across the same span. That pattern points to better cost absorption and discipline, so incremental revenue is carrying more profit than it did two years ago.

Liquidity looks steady, but the company is not asset-light: cash rose to $286M while long-term debt remained $644M. The balance sheet can cover near-term needs, yet it still depends on consistent operating cash flow because reinvestment and financing demands are meaningful. A lower debt-to-equity ratio of 0.6x helps, but it does not eliminate that capital-intensity.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 49 / 100
Financial Health Score 49/100
Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Bristow Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
48
Growth
64
Leverage
37
Liquidity
71
Cash Flow
21
Returns
54
Altman Z-Score Grey Zone
1.93

Bristow Group Inc scores 1.93, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
6/8

Bristow Group Inc passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.54x

For every $1 of reported earnings, Bristow Group Inc generates $1.54 in operating cash flow ($198.4M OCF vs $129.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
4.0x

Bristow Group Inc earns $4.0 in operating income for every $1 of interest expense ($158.8M vs $39.9M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.5B
YoY+5.3%
5Y CAGR+45.8%
10Y CAGR+16.2%

Bristow Group Inc generated $1.5B in revenue in fiscal year 2025. This represents an increase of 5.3% from the prior year.

EBITDA
$229.1M
YoY+14.0%
5Y CAGR+46.2%
10Y CAGR+9.9%

Bristow Group Inc's EBITDA was $229.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.0% from the prior year.

Net Income
$129.1M
YoY+36.2%
10Y CAGR+22.4%

Bristow Group Inc reported $129.1M in net income in fiscal year 2025. This represents an increase of 36.2% from the prior year.

EPS (Diluted)
$4.32
YoY+34.6%
10Y CAGR+17.8%

Bristow Group Inc earned $4.32 per diluted share (EPS) in fiscal year 2025. This represents an increase of 34.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$56.4M
YoY+172.3%
5Y CAGR+21.8%

Bristow Group Inc generated $56.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 172.3% from the prior year.

Cash & Debt
$286.2M
YoY+15.6%
5Y CAGR+19.5%
10Y CAGR+21.5%

Bristow Group Inc held $286.2M in cash against $643.5M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
29M
YoY+1.9%
5Y CAGR+6.5%
10Y CAGR+3.7%

Bristow Group Inc had 29M shares outstanding in fiscal year 2025. This represents an increase of 1.9% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
10.7%
YoY+1.3pp
5Y CAGR+12.1pp
10Y CAGR-2.2pp

Bristow Group Inc's operating margin was 10.7% in fiscal year 2025, reflecting core business profitability. This is up 1.3 percentage points from the prior year.

Net Margin
8.7%
YoY+2.0pp
5Y CAGR+10.3pp
10Y CAGR+3.5pp

Bristow Group Inc's net profit margin was 8.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.

Return on Equity
12.2%
YoY+1.6pp
5Y CAGR+14.6pp
10Y CAGR+8.5pp

Bristow Group Inc's ROE was 12.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.6 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$15.2M
YoY+275.3%
5Y CAGR+14.6%

Bristow Group Inc spent $15.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 275.3% from the prior year.

Capital Expenditures
$142.0M
YoY-44.4%
5Y CAGR+85.0%
10Y CAGR+2.9%

Bristow Group Inc invested $142.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 44.4% from the prior year.

VTOL Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $388.7M+3.0% $377.3M-2.3% $386.3M+2.6% $376.4M+7.4% $350.5M-0.8% $353.5M-3.2% $365.1M+1.5% $359.7M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $44.3M+1.9% $43.4M+0.5% $43.2M-2.6% $44.4M+3.0% $43.1M-2.9% $44.4M+3.4% $42.9M-4.5% $44.9M
Operating Income $34.7M+8.1% $32.1M-36.5% $50.5M+18.5% $42.6M+27.1% $33.5M+5.5% $31.8M-4.2% $33.2M-25.8% $44.8M
Interest Expense $13.8M+32.4% $10.4M+4.7% $10.0M-0.7% $10.0M+5.7% $9.5M+4.7% $9.1M-6.2% $9.7M+2.9% $9.4M
Income Tax $3.5M+16.0% $3.0M+125.6% -$11.8M-157.9% $20.4M+100.8% $10.2M+178.6% -$13.0M-254.3% $8.4M-9.2% $9.2M
Net Income $13.1M-28.9% $18.4M-64.3% $51.5M+62.4% $31.7M+16.0% $27.4M-13.9% $31.8M+12.6% $28.2M+0.3% $28.2M
EPS (Diluted) $0.44 N/A $1.72+60.7% $1.07+16.3% $0.92 N/A $0.95-1.0% $0.96

VTOL Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $2.4B+4.1% $2.3B+1.8% $2.3B-0.8% $2.3B+5.3% $2.2B+2.2% $2.1B+1.8% $2.1B+5.6% $2.0B
Current Assets $791.6M+14.0% $694.3M+2.4% $678.3M+1.2% $670.2M+9.0% $615.0M-0.7% $619.5M+4.2% $594.4M+4.2% $570.6M
Cash & Equivalents $342.1M+19.5% $286.2M+16.6% $245.5M-2.5% $251.8M+31.7% $191.1M-22.8% $247.5M+23.5% $200.3M+12.2% $178.6M
Inventory $132.8M0.0% $132.7M-2.0% $135.4M-0.1% $135.6M+10.3% $122.9M+7.4% $114.5M+2.8% $111.4M+8.0% $103.1M
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $1.3B+7.6% $1.3B+1.5% $1.2B-5.4% $1.3B+5.1% $1.2B+0.6% $1.2B+3.7% $1.2B+5.4% $1.1B
Current Liabilities $367.4M+0.6% $365.2M+2.8% $355.3M-4.3% $371.1M+10.9% $334.7M+2.7% $325.9M+0.5% $324.2M+5.9% $306.1M
Long-Term Debt $727.4M+13.0% $643.5M-1.4% $652.8M-4.1% $680.4M-0.3% $682.8M+1.7% $671.2M+9.6% $612.2M+5.9% $578.3M
Total Equity $1.1B-0.1% $1.1B+2.2% $1.0B+5.3% $984.4M+5.7% $931.7M+4.5% $891.7M-0.8% $899.2M+5.9% $849.1M
Retained Earnings $451.0M+2.1% $441.7M+4.4% $423.3M+13.9% $371.8M+9.3% $340.1M+8.7% $312.8M+11.3% $281.0M+11.2% $252.7M

VTOL Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$8.3M-110.7% $76.9M+233.6% $23.1M-76.7% $99.0M+16524.4% -$603K-101.2% $51.1M-22.7% $66.0M+96.1% $33.7M
Capital Expenditures $41.3M+41.8% $29.1M-0.3% $29.2M-7.6% $31.6M-39.3% $52.1M-37.6% $83.5M+46.5% $57.0M+13.2% $50.4M
Free Cash Flow -$49.6M-203.7% $47.8M+875.9% -$6.2M-109.1% $67.4M+228.0% -$52.7M-62.4% -$32.4M-459.0% $9.0M+154.1% -$16.7M
Investing Cash Flow -$16.4M+39.5% -$27.1M-4509.5% -$589K+92.2% -$7.6M+85.5% -$52.0M+33.7% -$78.5M-37.9% -$56.9M-23.9% -$46.0M
Financing Cash Flow $71.2M+806.7% -$10.1M+64.2% -$28.2M-8.0% -$26.1M-1439.3% -$1.7M-102.2% $77.8M+296.2% $19.6M-59.7% $48.7M
Dividends Paid $3.7M N/A N/A N/A $0 N/A N/A N/A
Share Buybacks $11.0M+81.6% $6.1M+847.6% $641K-89.3% $6.0M+140.6% $2.5M $0-100.0% $128K-95.6% $2.9M

VTOL Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 8.9%+0.4pp 8.5%-4.6pp 13.1%+1.8pp 11.3%+1.8pp 9.6%+0.6pp 9.0%-0.1pp 9.1%-3.3pp 12.4%
Net Margin 3.4%-1.5pp 4.9%-8.5pp 13.3%+4.9pp 8.4%+0.6pp 7.8%-1.2pp 9.0%+1.3pp 7.7%-0.1pp 7.8%
Return on Equity 1.2%-0.5pp 1.7%-3.2pp 5.0%+1.7pp 3.2%+0.3pp 2.9%-0.6pp 3.6%+0.4pp 3.1%-0.2pp 3.3%
Return on Assets 0.5%-0.3pp 0.8%-1.5pp 2.3%+0.9pp 1.4%+0.1pp 1.3%-0.2pp 1.5%+0.1pp 1.4%-0.1pp 1.4%
Current Ratio 2.15+0.3 1.900.0 1.91+0.1 1.81-0.0 1.84-0.1 1.90+0.1 1.83-0.0 1.86
Debt-to-Equity 0.69+0.1 0.61-0.0 0.63-0.1 0.69-0.0 0.73-0.0 0.75+0.1 0.680.0 0.68
FCF Margin -12.8%-25.4pp 12.7%+14.3pp -1.6%-19.5pp 17.9%+32.9pp -15.0%-5.8pp -9.2%-11.6pp 2.5%+7.1pp -4.6%

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Frequently Asked Questions

Bristow Group Inc (VTOL) reported $1.5B in total revenue for fiscal year 2025. This represents a 5.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Bristow Group Inc (VTOL) revenue grew by 5.3% year-over-year, from $1.4B to $1.5B in fiscal year 2025.

Yes, Bristow Group Inc (VTOL) reported a net income of $129.1M in fiscal year 2025, with a net profit margin of 8.7%.

Bristow Group Inc (VTOL) reported diluted earnings per share of $4.32 for fiscal year 2025. This represents a 34.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Bristow Group Inc (VTOL) had EBITDA of $229.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Bristow Group Inc (VTOL) had $286.2M in cash and equivalents against $643.5M in long-term debt.

Bristow Group Inc (VTOL) had an operating margin of 10.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Bristow Group Inc (VTOL) had a net profit margin of 8.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Bristow Group Inc (VTOL) has a return on equity of 12.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Bristow Group Inc (VTOL) generated $56.4M in free cash flow during fiscal year 2025. This represents a 172.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Bristow Group Inc (VTOL) generated $198.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Bristow Group Inc (VTOL) had $2.3B in total assets as of fiscal year 2025, including both current and long-term assets.

Bristow Group Inc (VTOL) invested $142.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Bristow Group Inc (VTOL) spent $15.2M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Bristow Group Inc (VTOL) had 29M shares outstanding as of fiscal year 2025.

Bristow Group Inc (VTOL) had a current ratio of 1.90 as of fiscal year 2025, which is generally considered healthy.

Bristow Group Inc (VTOL) had a debt-to-equity ratio of 0.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Bristow Group Inc (VTOL) had a return on assets of 5.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Bristow Group Inc (VTOL) has an Altman Z-Score of 1.93, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Bristow Group Inc (VTOL) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Bristow Group Inc (VTOL) has an earnings quality ratio of 1.54x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Bristow Group Inc (VTOL) has an interest coverage ratio of 4.0x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Bristow Group Inc (VTOL) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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