Bristow Group Inc. VTOL
Bristow Group Inc. is the leading global provider of innovative and sustainable vertical flight solutions. We primarily provide aviation services to a broad base of offshore energy companies and government entities. Our aviation services include personnel transportation, search and rescue ("SAR"), medevac, fixed wing transportation, unmanned systems and ad-hoc helicopter services. Our energy customers charter our helicopters primarily to transport personnel to, from and between onshore bases and offshore production platforms, drilling rigs and other installations. Our government customers primarily outsource SAR activities whereby we operate specialized helicopters and provide highly trained personnel. Our other services include fixed wing transportation services through a regional airline in Australia and dry-leasing aircraft to third-party operators in support of other industries and geographic markets.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- UK
- Other
- Norway
- U.S.
- Nigeria
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| UK | $412.0M | $394.7M | $436.4M |
| Other | $363.9M | $353.0M | $281.0M |
| Norway | $276.3M | $270.9M | $240.8M |
| U.S. | $246.6M | $226.9M | $216.6M |
| Nigeria | $191.7M | $170.0M | $122.6M |
As the company reported it, from the “SEGMENT AND GEOGRAPHIC AREA INFORMATION - Schedule of Revenues and Long-Lived Assets by Geographic Location (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Offshore Energy Services
- Government Services
- Other Services
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Offshore Energy Services | $990.5M | $966.1M | $853.0M |
| Government Services | $379.4M | $329.7M | $337.3M |
| Other Services | $120.6M | $119.8M | $107.2M |
As the company reported it, from the “REVENUES - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.49B | $1.42B | $1.30B | $1.21B | $1.15B | $1.14B | $226.1M | $1.32B | $1.43B | $247.2M |
| SG&A | $174.1M | $175.6M | $181.7M | — | $159.1M | $153.3M | $38.3M | $182.1M | $185.0M | $36.2M |
| Total operating expenses | $1.35B | $1.29B | $1.24B | $1.18B | $1.16B | $1.18B | $230.4M | $1.45B | $1.49B | $255.4M |
| Operating income | $158.8M | $132.6M | $60.8M | — | — | — | -$3.3M | $28.1M | -$136.5M | -$3.4M |
| Interest expense | $39.9M | $37.6M | $41.4M | — | $41.5M | $51.3M | $13.9M | $113.5M | $77.1M | $17.3M |
| Pre-tax income | $151.2M | $102.1M | $18.0M | -$5.0M | -$4.4M | -$56.6M | -$14.7M | -$336.3M | -$228.0M | -$19.4M |
| Income tax | $21.8M | $7.2M | $24.9M | $10.8M | $11.3M | $355.0K | $731.0K | $161.0K | $30.9M | $3.4M |
| Net income | $129.1M | $94.8M | -$6.8M | -$15.8M | -$56.1M | -$56.1M | -$3.6M | -$336.8M | -$194.7M | -$8.0M |
| EPS, basic | 4.47 | 3.32 | -0.24 | 0.33 | -0.55 | 3.12 | -0.17 | -9.42 | -5.52 | -0.39 |
| EPS, diluted | 4.32 | 3.21 | -0.24 | 0.32 | -0.55 | 2.32 | -0.17 | -9.42 | -5.52 | -0.39 |
| Shares, diluted (wtd. avg.) | 29.9M | 29.6M | 28.1M | 28.4M | 28.5M | 31.7M | 21.0M | 35.7M | 35.3M | 20.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $286.2M | $247.5M | $183.7M | $163.7M | $277.5M | $231.1M | $199.1M | $178.1M | $380.2M | $30.7M |
| Receivables | — | — | $208.4M | $182.7M | — | — | — | $33.3M | $33.8M | $32.5M |
| Inventory | $132.7M | $114.5M | $99.9M | $81.9M | $81.7M | $92.2M | $82.4M | $20.7M | $21.1M | $25.4M |
| Total current assets | $694.3M | $619.5M | $563.6M | $493.1M | $579.9M | $585.7M | $524.2M | $115.9M | $82.6M | $96.4M |
| Property, plant and equipment | $1.15B | $1.08B | $927.8M | $915.3M | $942.6M | $1.00B | $931.7M | $599.2M | $673.9M | $821.8M |
| Goodwill | — | — | — | — | — | $0 | $0 | $18.4M | — | — |
| Other intangibles | $12.6M | $28.9M | $48.4M | $65.8M | $83.9M | $108.8M | $96.0K | $1.1M | $1.1M | $1.1M |
| Total assets | $2.31B | $2.13B | $1.94B | $1.81B | $1.86B | $1.99B | $1.95B | $764.9M | $792.1M | $955.2M |
| Accounts payable | $86.3M | $83.5M | $87.9M | $89.6M | $63.5M | $69.5M | $52.1M | $13.2M | $16.4M | $8.9M |
| Short-term debt | $27.9M | $18.6M | $13.2M | $11.7M | $12.8M | $16.0M | $45.7M | $2.1M | $2.7M | $2.1M |
| Total current liabilities | $365.2M | $325.9M | $309.8M | $285.6M | $287.8M | $305.1M | $298.0M | $28.8M | $32.4M | $25.6M |
| Long-term debt | $643.5M | $671.2M | $534.8M | $499.8M | $512.9M | $527.5M | $515.4M | $160.2M | $202.2M | $230.1M |
| Total liabilities | $1.25B | $1.23B | $1.11B | $1.03B | $1.02B | $1.09B | $1.37B | $298.1M | $342.6M | $482.5M |
| Retained earnings | $441.7M | $312.8M | $218.0M | $224.7M | $211.2M | $227.0M | $139.2M | $18.3M | $4.4M | $32.5M |
| Total equity | $1.06B | $891.7M | $823.2M | $786.9M | $835.4M | $897.1M | $426.2M | $812.4M | $1.18B | $468.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $198.4M | $177.4M | $32.0M | -$7.7M | $123.9M | $96.8M | $27.6M | -$109.4M | -$19.5M | $58.5M |
| Depreciation and amortisation | $70.3M | $68.3M | $70.6M | — | $75.0M | $70.1M | $37.6M | $124.9M | $124.0M | $49.3M |
| Stock-based compensation | $16.9M | $15.8M | $16.5M | — | $11.7M | $11.5M | $3.6M | $6.4M | $10.4M | $4.6M |
| Capital expenditure | $142.0M | $255.4M | $81.5M | — | $31.1M | $14.8M | $6.6M | $40.9M | $46.3M | $39.2M |
| Investing cash flow | -$87.3M | -$246.0M | -$47.3M | -$52.0M | -$17.4M | $173.3M | $48.6M | -$26.1M | $96.9M | -$9.1M |
| Financing cash flow | -$66.0M | $141.1M | $22.0M | -$24.6M | -$63.5M | -$245.6M | -$9.4M | -$63.1M | $189.0M | -$33.0M |
| Dividends paid | — | — | — | — | — | — | — | $0 | $2.5M | — |
| Buybacks | $15.2M | $4.1M | $2.7M | — | $41.2M | $10.5M | $7.7M | $0 | $52.0K | $161.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001525221-26-000072.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $247.2M | $1.43B | $1.32B | $226.1M | $1.14B | $1.15B | $1.21B | $1.30B | $1.42B | $1.49B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | -$8.0M | -$194.7M | -$336.8M | -$3.6M | -$56.1M | -$56.1M | -$15.8M | -$6.8M | $94.8M | $129.1M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 4522
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| UP | Wheels Up Experience Inc. | $116.1M | — | -7.0% |
| SRFM | SURF AIR MOBILITY INC. | $77.8M | — | -10.8% |
| FLYX | FLYEXCLUSIVE INC. | $61.4M | — | 14.9% |
| SOAR | Volato Group, Inc. | $13.3M | 0.2x | 101.1% |
| JTAI | Jet.AI Inc. | $3.9M | 3.3x | -34.6% |