NYSE : VTOL

Bristow Group Inc. — Financial statements

Energy · Oil & Gas Equipment & Services · United States

Last price 42.09 USD (Oct 30, 2026, 9:41 AM EDT) · Market cap 1.25B

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Financial statements

Bristow Group Inc. (VTOL) reported revenue of 1.56B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2022
Revenue1.56B1.49B1.42B1.30B1.20B1.14B
Cost of Revenue1.14B1.08B1.02B966.62M919.27M872.86M
Gross Profit425.43M413.13M398.28M330.81M278.88M266.21M
Selling, General & Admin201.75M199.36M198.01M204.62M175.63M156.53M
Other Operating Expenses-123.00K-584.00K
Operating Expenses266.14M258.24M251.39M260.24M231.79M230.93M
Operating Income159.28M154.90M146.89M70.57M47.09M35.28M
Interest Expense-46.44M-39.92M-37.58M-41.42M-40.95M-41.52M
Interest & Investment Income11.98M9.35M8.90M8.65M1.67M161.00K
Earnings From Equity Investments5.53M3.18M4.12M7.17M1.14M-1.74M
Currency Exchange Gain (Loss)-18.66M22.50M-8.90M-10.70M14.90M7.00M
Other Non Operating Income (Expenses)-4.15M-4.16M85.00K-183.00K16.03M19.97M
EBT Excluding Unusual Items107.55M145.85M113.51M34.08M39.88M19.15M
Merger & Restructuring Charges-2.20M-3.97M-6.34M
Gain (Loss) on Sale of Investments-16.00M
Gain (Loss) on Sale of Assets13.91M11.79M-1.04M1.11M-521.00K-655.00K
Asset Writedown-25.00M-11.40M-14.90M-14.98M-15.42M-8.84M
Legal Settlements9.00M
Other Unusual Items-2.85M-745.00K
Pretax Income99.31M151.24M102.06M18.01M19.96M-4.42M
Income Tax Expense-5.20M21.81M7.19M24.93M10.75M11.29M
Earnings From Continuing Operations104.51M129.43M94.87M-6.92M9.21M-15.71M
Minority Interest in Earnings-285.00K-353.00K-73.00K140.00K6.00K-78.00K
Net Income104.23M129.07M94.80M-6.78M9.21M-15.79M
Net Income to Common104.23M129.07M94.80M-6.78M9.21M-15.79M
Shares Outstanding (Basic)29.22M28.86M28.52M28.14M28.11M28.53M
Shares Outstanding (Diluted)30.00M29.88M29.55M28.14M28.49M28.53M
EPS (Basic)3.574.473.32-0.240.33-0.55
EPS (Diluted)3.484.323.21-0.240.32-0.55
Free Cash Flow-34.22M56.38M-77.97M-49.47M-65.14M92.79M
Free Cash Flow Per Share-1.141.89-2.64-1.76-2.293.25
Dividend Per Share0.25
Gross Margin27.20%27.72%28.14%25.50%23.28%23.37%
Operating Margin10.18%10.39%10.38%5.44%3.93%3.10%
Profit Margin6.66%8.66%6.70%-0.52%0.77%-1.39%
Free Cash Flow Margin-2.19%3.78%-5.51%-3.81%-5.44%8.15%
EBITDA235.08M225.17M215.17M141.18M116.67M122.52M
EBITDA Margin15.03%15.11%15.20%10.88%9.74%10.76%
D&A For EBITDA75.79M70.27M68.29M70.61M69.57M87.24M
EBIT159.28M154.90M146.89M70.57M47.09M35.28M
EBIT Margin10.18%10.39%10.38%5.44%3.93%3.10%
Effective Tax Rate14.42%7.05%138.42%53.87%
Revenue as Reported287.40M1.19B

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2022
Cash & Equivalents312.30M286.21M247.50M180.26M160.03M263.77M
Cash & Short-Term Investments312.30M286.21M247.50M180.26M160.03M263.77M
Receivables246.30M217.10M211.59M234.62M215.13M203.77M
Inventory137.17M132.73M114.51M99.86M81.89M81.67M
Prepaid Expenses56.29M50.83M42.08M45.44M32.42M28.43M
Restricted Cash2.46M7.42M3.78M3.40M3.65M2.25M
Total Current Assets754.51M694.29M619.46M563.58M493.12M579.88M
Property, Plant & Equipment1.41B1.39B1.34B1.22B1.16B1.14B
Long-Term Investments24.58M23.85M22.42M19.89M17.00M17.59M
Other Intangible Assets12.62M28.94M
Long-Term Deferred Tax Assets42.90M
Other Long-Term Assets194.36M143.26M113.93M138.10M145.65M90.70M
Total Assets2.38B2.31B2.13B1.94B1.81B1.82B
Accounts Payable76.49M86.29M83.46M87.89M89.61M63.50M
Accrued Expenses115.95M128.76M114.05M104.86M87.11M113.06M
Current Portion of Long-Term Debt27.42M27.94M18.61M13.25M11.66M12.76M
Current Portion of Leases68.37M77.04M78.36M75.29M76.26M69.87M
Current Income Taxes Payable15.49M22.76M16.23M8.18M6.65M13.41M
Current Unearned Revenue30.18M22.44M15.19M20.33M14.30M15.16M
Total Current Liabilities333.90M365.23M325.90M309.79M285.59M287.75M
Long-Term Debt718.06M643.51M671.17M534.82M499.76M512.91M
Long-Term Leases155.90M164.54M188.95M214.96M165.96M125.44M
Long-Term Unearned Revenue40.08M31.50M8.38M
Pension & Post-Retirement Benefits20.09M18.17M
Long-Term Deferred Tax Liabilities44.84M46.57M39.02M42.71M48.63M39.81M
Other Long-Term Liabilities630.00K279.00K552.00K11.82M5.03M4.83M
Total Liabilities1.29B1.25B1.23B1.11B1.03B988.91M
Common Stock332.00K325.00K315.00K311.00K306.00K303.00K
Additional Paid-In Capital771.02M762.52M742.07M725.77M709.32M699.40M
Retained Earnings468.37M441.74M312.76M217.97M224.75M211.22M
Treasury Stock-98.17M-87.13M-69.78M-65.72M-63.01M-51.66M
Comprehensive Income & Other-52.29M-57.75M-93.67M-54.64M-84.06M-23.45M
Total Common Equity1.09B1.06B891.71M823.69M787.31M835.82M
Minority Interest-97.00K-82.00K-435.00K-508.00K-368.00K-447.00K
Shareholders' Equity1.09B1.06B891.27M823.18M786.94M835.37M
Total Liabilities & Equity2.38B2.31B2.13B1.94B1.81B1.82B
Total Debt969.75M913.04M957.09M838.32M753.64M720.98M
Net Cash (Debt)-657.45M-626.83M-709.59M-658.05M-593.61M-457.21M
Net Cash Per Share-21.92-20.98-24.01-23.39-20.84-16.02
Filing Date Shares Outstanding29.64M29.19M28.63M28.32M28.01M28.30M
Total Common Shares Outstanding29.64M29.18M28.63M28.31M28.01M28.29M
Working Capital420.61M329.06M293.56M253.79M207.53M292.13M
Book Value Per Share36.7536.3231.1529.1028.1129.55
Tangible Book Value1.09B1.05B862.76M823.69M787.31M835.82M
Tangible Book Value Per Share36.7535.8930.1429.1028.1129.55
Land190.02M173.83M175.27M167.82M180.19M
Machinery1.04B821.99M779.95M784.84M802.91M
Construction In Progress144.59M244.18M99.32M35.30M

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2022
Net Income104.23M129.07M94.80M-6.78M9.21M-15.79M
Depreciation & Amortization75.79M70.27M68.29M70.61M69.57M87.24M
Other Amortization20.73M16.77M6.93M3.32M8.34M9.03M
Loss (Gain) From Sale of Assets-13.91M-11.79M1.04M-1.11M521.00K655.00K
Asset Writedown & Restructuring Costs23.00M11.40M14.90M14.98M14.84M8.84M
Loss (Gain) From Sale of Investments16.00M
Loss (Gain) on Equity Investments-1.28M-1.43M-3.74M-6.83M-1.14M1.74M
Stock-Based Compensation16.55M16.89M15.79M16.46M13.23M11.69M
Provision & Write-off of Bad Debts309.00K
Other Operating Activities-19.93M-9.66M-19.89M529.00K-5.40M-1.54M
Change in Accounts Receivable-16.93M7.74M9.29M-27.02M-41.99M10.58M
Change in Inventory-62.40M-99.77M-44.72M-39.85M-49.20M15.92M
Change in Accounts Payable6.95M68.92M34.73M7.74M-25.72M-20.80M
Operating Cash Flow132.80M198.41M177.42M32.04M-7.73M123.85M
Capital Expenditures-167.02M-142.02M-255.39M-81.51M-57.42M-31.07M
Sale of Property, Plant & Equipment60.63M54.69M9.44M34.19M18.03M14.55M
Cash Acquisitions-12.60M
Divestitures-851.00K
Investing Cash Flow-106.39M-87.33M-245.95M-47.32M-51.98M-17.37M
Long-Term Debt Issued5.83M164.58M169.51M
Long-Term Debt Repaid-57.82M-15.40M-142.05M-19.21M
Total Debt Repaid-446.62M-57.82M-15.40M-142.05M-11.75M-19.21M
Net Debt Issued (Repaid)53.38M-51.99M149.18M27.46M-11.75M-19.21M
Issuance of Common Stock1.91M1.39M507.00K
Repurchase of Common Stock-17.75M-15.21M-4.05M-2.71M-11.93M-41.16M
Common Dividends Paid-7.40M
Other Financing Activities-11.85M-238.00K-4.52M-2.71M-946.00K-3.11M
Financing Cash Flow18.29M-66.05M141.10M22.04M-24.62M-63.48M
Foreign Exchange Rate Adjustments14.20M-2.68M-4.95M13.23M-29.45M-8.07M
Net Cash Flow58.90M42.35M67.62M19.98M-113.78M34.94M
Free Cash Flow-34.22M56.38M-77.97M-49.47M-65.14M92.79M
Free Cash Flow Margin-2.19%3.78%-5.51%-3.81%-5.44%8.15%
Free Cash Flow Per Share-1.141.89-2.64-1.76-2.293.25
Levered Free Cash Flow-34.31M28.97M-77.03M457.62K108.49M
Unlevered Free Cash Flow-9.94M48.57M-56.86M23.02M125.41M
Cash Interest Paid43.77M46.80M43.27M39.48M32.32M32.03M
Cash Income Tax Paid22.83M26.72M20.78M19.28M18.34M11.95M
Change in Working Capital-72.39M-23.12M-702.00K-59.14M-116.91M5.70M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2022
Market Capitalization1.22B1.06B981.94M798.51M760.08M1.05B
Enterprise Value1.88B1.74B1.69B1.42B1.30B1.52B
Last Close Price41.2236.3134.0128.0326.9036.76
PE Ratio11.858.2110.3682.48
Forward PE9.069.4310.8412.2719.1112.04
PS Ratio0.780.710.690.610.630.92
PB Ratio1.121.001.100.970.971.26
P/TBV Ratio1.121.011.140.970.961.26
P/FCF Ratio18.7811.31
P/OCF Ratio9.205.345.5424.938.47
EV/Sales Ratio1.201.171.191.101.081.33
EV/EBITDA Ratio7.997.727.8510.0711.1012.40
EV/EBIT Ratio11.8011.2211.5020.1427.5043.07
EV/FCF Ratio30.8216.38
Debt / Equity Ratio0.890.861.071.020.960.86
Debt / EBITDA Ratio2.222.172.342.586.462.31
Debt / FCF Ratio16.197.77
Net Debt / Equity Ratio0.600.590.800.800.750.55
Net Debt / EBITDA Ratio2.802.783.304.665.093.73
Net Debt / FCF Ratio-19.2111.12-9.10-13.30-9.114.93
Asset Turnover0.670.670.700.690.60
Inventory Turnover8.358.719.4910.6410.04
Quick Ratio1.671.381.411.341.311.62
Current Ratio2.261.901.901.821.732.02
Return on Equity (ROE)10.08%13.27%11.07%-0.86%-1.81%
Return on Assets (ROA)4.26%4.36%4.52%2.35%1.16%
Return on Invested Capital (ROIC)9.20%8.06%8.86%-1.90%1.62%2.56%
Return on Capital Employed (ROCE)7.80%8.00%8.20%4.30%3.10%2.30%
Earnings Yield8.44%12.19%9.65%-0.85%1.21%-1.50%
FCF Yield-2.80%5.32%-7.94%-6.19%-8.57%8.84%
Buyback Yield / Dilution-0.66%-1.12%-5.02%1.22%0.17%9.92%
Total Shareholder Return0.55%-1.12%-5.02%1.22%0.17%9.92%