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Bristow Group

VTOL NYSE Oil & Gas Equipment & Services Financials FY2015–FY2025

Bristow Group's revenue rose 5.3% to $1.5 billion in fiscal 2025. Its operating margin was 10.7%, up from 9.4% a year earlier. Free cash flow was $56 million. It paid out $15 million in dividends and buybacks, 27% of free cash flow. The diluted share count rose 1.1%.

Last close · Oct 23, 2026

$40.54

6.6%
Value it Compare
Revenue Total sales reported in the income statement.
$1.5B
5.3% vs prior year
Operating margin Operating income as a share of revenue.
10.7%
1.3 pts
Net income Profit after all expenses, interest and tax.
$129M
36.2%
Free cash flow Cash from operations minus capital spending.
$56.4M
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
9.8%
0.0 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$1.2B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
11.7x
On $3.47 EPS (TTM)

What Bristow Group does

No business description yet.

Legal name
Bristow Group Inc.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001525221-26-000013
0001525221

Revenue and margins

Bristow Group had $1.5B of revenue in fiscal 2025, up 5.3% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2015 to 2025, diluted EPS grew 29.6% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $56.4M in fiscal 2025, 3.8% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Bristow Group returned $15.2M to shareholders in fiscal 2025, 27% of free cash flow. The diluted share count rose 1.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Bristow Group yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$385M and divides by 29.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 11.7x · peers 35.2x · sector 17.4x.

Balance sheet

Cash, debt and the ratios that show how comfortably Bristow Group can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $228M$264M$180M$248M$286M
Debt incl. finance leases $544M$526M$548M$690M$672M
Net debt / EBITDA 4.9x2.3x2.8x2.2x1.7x
Debt / equity 0.6x0.6x0.7x0.8x0.6x
Interest coverage −0.1x0.9x1.5x3.5x4.0x
Current ratio 1.9x2.0x1.8x1.9x1.9x
Quick ratio 1.6x1.7x1.5x1.6x1.5x
Total assets $2.0B$1.8B$1.9B$2.1B$2.3B
Total liabilities $1.1B$989M$1.1B$1.2B$1.3B
Shareholders' equity $898M$836M$824M$892M$1.1B
Net debt (− = net cash) $316M$262M$368M$442M$385M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$2.0M

4 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Sep 23, 2026 Solus Alternative Asset Management LPSee below Sold 897 $43.00 $0.0M Form 4
Sep 22, 2026 Lorin L. BrassDirector Sold 3,000 $42.42 $0.1M Form 4
Sep 22, 2026 Solus Alternative Asset Management LPSee below Sold 377 $43.00 $0.0M Form 4
Sep 21, 2026 Lorin L. BrassDirector Sold 1,000 $41.54 $0.0M Form 4
Sep 14, 2026 Christopher PucilloDirector Sold 3,000 $43.03 $0.1M Form 4
Sep 11, 2026 Christopher PucilloDirector Sold 5,000 $43.00 $0.2M Form 4
Sep 3, 2026 Christopher PucilloDirector Sold 41 $45.75 $0.0M Form 4
Sep 2, 2026 Christopher PucilloDirector Sold 12,045 $45.68 $0.6M Form 4
Sep 1, 2026 Brian D. TrueloveDirector Sold 3,500 $45.87 $0.2M Form 4
Sep 1, 2026 Christopher PucilloDirector Sold 15,000 $45.85 $0.7M Form 4
Sep 1, 2026 Lorin L. BrassDirector Sold 350 $46.03 $0.0M Form 4
Aug 25, 2026 Lorin L. BrassDirector Sold 200 $46.55 $0.0M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✕ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✕ ✓
Current ratio rose ✕ ✓ ✓
Share count didn't rise ✓ ✕ ✕
Gross margin rose — — —
Revenue rose relative to assets ✓ ✓ ✕
F-score 5 / 86 / 86 / 8
Accruals ratio −2.1%−4.1%−3.1%
Altman Z'' 2.212.562.91

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Bristow Group VTOL $1.2B 5.3% 10.7% 3.8% 9.8% 11.7x 6
Archrock AROC $5.1B 28.7% — 8.0% 12.1% 15.7x 7 Compare →
RPC RES $1.3B 15.0% 2.8% 3.3% — 62.5x — Compare →
Tidewater TDW $4.3B 0.5% 20.9% 26.1% 19.4% 17.6x 7 Compare →
Kodiak Gas Services KGS $4.3B 12.8% 26.0% 21.7% 6.3% 52.8x 5 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY15FY16FY17FY18FY19FY21FY22FY23FY24FY25
Income statement
Revenue $282M $247M $231M $222M $226M $1.2B $1.2B $1.3B $1.4B $1.5B
Operating income $24.3M −$3.4M −$137M $28.1M −$3.3M — — $60.8M $133M $159M
Interest expense $13.5M $17.3M $16.8M $15.1M $13.9M $51.3M $41.5M $41.4M $37.6M $39.9M
Pretax income $24.0M −$19.4M −$153M $14.2M −$14.7M −$56.6M −$4.4M $18.0M $102M $151M
Income tax $14.1M −$3.4M −$123M $2.9M −$0.7M −$0.4M $11.3M $24.9M $7.2M $21.8M
Net income $8.7M −$8.0M −$28.2M $13.9M −$3.6M −$56.1M −$15.8M −$6.8M $94.8M $129M
Diluted EPS $0.42 −$0.39 −$1.36 $0.64 −$0.17 $2.32 −$0.55 −$0.24 $3.21 $4.32
Diluted shares 0.02B 0.02B 0.02B 0.02B 0.02B 0.03B 0.03B 0.03B 0.03B 0.03B
Cash flow
Cash from operations $44.5M $58.5M $20.1M $54.4M $27.6M $96.8M $124M $32.0M $177M $198M
Capital expenditure $60.0M $39.2M $16.8M $9.2M $6.6M $14.8M $31.1M $81.5M $255M $142M
Free cash flow −$15.6M $19.3M $3.3M $45.1M $21.0M $82.0M $92.8M −$49.5M −$78.0M $56.4M
Depreciation and amortization $47.3M $49.3M $45.7M $39.5M $37.6M $70.1M $75.0M $70.6M $68.3M $70.3M
Stock-based compensation $3.7M $4.6M $4.6M $2.9M $3.6M $11.5M $11.7M $16.5M $15.8M $16.9M
Acquisitions $1.7M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $2.1M $0.2M $0.1M $0.0M $7.7M $10.5M $41.2M $2.7M $4.1M $15.2M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $2.1M $0.2M $0.1M $0.0M $7.7M $10.5M $41.2M $2.7M $4.1M $15.2M
Balance sheet
Cash and short-term investments $14.4M $26.9M $13.6M $50.8M $117M $228M $264M $180M $248M $286M
Total debt $275M $236M $208M $165M $162M $544M $526M $548M $690M $672M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $103M $96.4M $82.6M $116M $196M $586M $580M $564M $620M $694M
Current liabilities $32.0M $25.6M $32.4M $28.8M $50.8M $305M $288M $310M $326M $365M
Inventory $28.0M $25.4M $21.1M $20.7M $20.1M $92.2M $81.7M $99.9M $115M $133M
Property and equipment, net $859M $822M $674M $599M $557M $1.0B $943M $928M $1.1B $1.2B
Total assets $1.0B $955M $792M $765M $765M $2.0B $1.8B $1.9B $2.1B $2.3B
Total liabilities $528M $483M $343M $298M $305M $1.1B $989M $1.1B $1.2B $1.3B
Shareholders' equity $471M $468M $446M $463M $457M $898M $836M $824M $892M $1.1B
Margins
Operating margin 8.6% −1.4% −59.0% 12.7% −1.5% — — 4.7% 9.4% 10.7%
EBITDA margin 25.4% 18.6% −39.2% 30.5% 15.2% 5.5% 9.5% 10.1% 14.2% 15.4%
Net margin 3.1% −3.2% −12.2% 6.3% −1.6% −4.8% −1.3% −0.5% 6.7% 8.7%
FCF margin −5.5% 7.8% 1.4% 20.4% 9.3% 7.0% 7.8% −3.8% −5.5% 3.8%
Returns
Return on capital 1.7% −0.4% −16.4% 3.7% −0.5% — 2.5% 2.7% 9.8% 9.8%
Return on capital employed 2.5% −0.4% −16.2% 3.8% −0.5% — 2.3% 3.8% 7.7% 8.5%
Return on equity 1.9% −1.7% −6.2% 3.1% −0.8% — −1.8% −0.8% 11.1% 13.2%
Return on assets 0.9% −0.8% −3.2% 1.8% −0.5% — −0.8% −0.4% 4.7% 5.8%
Growth
Revenue growth −14.9% −12.3% −6.4% −4.2% 2.0% — 0.6% 9.5% 9.1% 5.3%
Net income growth −49.1% −191.7% — — −125.8% — — — — 36.2%
EPS growth −50.0% −192.9% — — −126.6% — −123.7% — — 34.6%
FCF growth — — −82.8% 1,257.1% −53.5% — 13.2% −153.3% — —
Share count change 0.7% 0.4% 2.0% 2.0% −0.8% — −9.9% −1.4% 5.0% 1.1%
Financial health
Net debt / EBITDA 3.6x 4.6x — 1.7x 1.3x 4.9x 2.3x 2.8x 2.2x 1.7x
Debt / equity 0.6x 0.5x 0.5x 0.4x 0.4x 0.6x 0.6x 0.7x 0.8x 0.6x
Interest coverage 1.8x −0.2x −8.1x 1.9x −0.2x −0.1x 0.9x 1.5x 3.5x 4.0x
Current ratio 3.2x 3.8x 2.5x 4.0x 3.9x 1.9x 2.0x 1.8x 1.9x 1.9x
Quick ratio 2.3x 2.8x 1.9x 3.3x 3.5x 1.6x 1.7x 1.5x 1.6x 1.5x
Capital allocation
Capex / revenue 21.3% 15.9% 7.3% 4.2% 2.9% 1.3% 2.6% 6.3% 18.0% 9.5%
Stock comp / revenue 1.3% 1.9% 2.0% 1.3% 1.6% 1.0% 1.0% 1.3% 1.1% 1.1%
Payouts / FCF — 0.8% 1.6% 0.0% 36.7% 12.8% 44.4% — — 27.0%
Quality scores
Piotroski F-score 5.0 4.0 3.0 7.0 4.0 — — 5.0 6.0 6.0
Altman Z'' 1.7 1.6 0.6 2.7 2.9 2.1 2.5 2.2 2.6 2.9
Accruals ratio −3.5% −6.8% −5.5% −5.2% −4.1% — −7.3% −2.1% −4.1% −3.1%

Source: SEC EDGAR XBRL filings (CIK 0001525221). Data updated October 21, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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