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Provides helicopter transport services mainly for offshore oil & gas platforms, plus government search-and-rescue contracts.
Provides helicopter transport services mainly for offshore oil & gas platforms, plus government search-and-rescue contracts.
Contracts usually combine a fixed monthly charge for each helicopter kept available with a rate for hours flown, so the fixed element steadies revenue beyond flight demand alone. The 2020 merger with Era Group formed today's company, joining a Gulf of Mexico-focused business with Bristow's global one.
Moat: narrow (scale, customer qualification, installed base). Large helicopter fleet and long-standing offshore safety-certification relationships are costly to replicate.
Headquarters: Houston, Texas, US · Founded: 1955 · Employees: 3,660
Size Bristow (VTOL) is a United States Energy company (Airlines) with a market value of $1.11B, the 2187th largest of 3,117 United States companies the cockpit tracks. Shares closed at $37.41 on 6 Nov 2026.
Performance Over six months the shares fell 11.7%, against -14.2% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 10.2% over the last twelve months (peer median +17.8%); the operating margin is 8.7% (peer median 20.8%).
Valuation It trades at 8.9× forward earnings against a peer median of 11.0× (9th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +46%, so the hurdle is -38 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.3 points below its cost of capital (8.4% WACC).
Short interest Short interest is 4.7% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.62B | $1.49B | $1.42B | $1.30B | $1.23B |
| Revenue growth | — | +5% | +9% | +5% | — |
| Gross profit | $322M | $318M | $305M | $236M | $211M |
| EBITDA | $253M | $226M | $213M | $140M | $127M |
| Net income | $80.4M | $129M | $94.8M | -$6.78M | $18.0M |
| Free cash flow | $12.0M | $56.1M | -$82.5M | -$52.2M | -$63.7M |
| Capital expenditure | $159M | $142M | $255M | $81.5M | $49.6M |
| Total debt | $976M | $913M | $957M | $838M | $754M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Bristow VTOL | $1.11B | -12% | +10% | 9% | 8.9× | 7.5% |
| ERA 002641.SZ | $690M | -11% | -2% | 0% | 42.0× | -1.8% |
| Babcock International BAB.L | $6.60B | 0% | +7% | 6% | 15.4× | 13.2% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VTOL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.0% | -17.0% | 4th highest of 21 |
| 6-month return | -11.7% | -14.2% | 9th highest of 20 |
| Distance from 52-week high | -25.7% | -33.7% | 9th highest of 21 |
| Revenue growth (TTM) | +10.2% | +17.8% | 8th lowest of 20 |
| Operating margin | 8.7% | 20.8% | 7th lowest of 20 |
| Forward P/E | 8.9× | 11.0× | 9th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 7.5% | -1.1% | 3rd most demanding of 14 |
| Growth delivered (Del g) | +45.8% | +12.0% | 2nd highest of 14 |
| Hurdle (Req g minus delivered) | -38.4 pp | -13.1 pp | 2nd least demanding of 14 |
| ROIC minus cost of capital | -2.3 pp | +1.3 pp | 5th lowest of 21 |
| EV / EBITDA | 7.3× | 5.4× | 6th most expensive of 18 |
| Net debt / EBITDA | 2.9× | 1.8× | 6th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bristow VTOL | United States | $1.11B | -12% | +10% | 9% | 8.9× | 7.5% | +45.8% |
| Teekay TK | United States | $1.11B | -10% | +16% | 48% | n/a | n/a | n/a |
| Nabors Industries NBR | United States | $1.11B | -25% | +5% | 8% | 19.1× | 4.0% | +8.3% |
| RPC RES | United States | $1.18B | -22% | +18% | 3% | 17.9× | 12.2% | +22.1% |
| Hornbeck Offshore Services HOS | United States | $1.18B | n/a | +2% | 8% | 8.6× | -1.1% | +12.0% |
| Navigator NVGS | United States | $1.21B | -14% | +7% | 25% | 11.0× | -2.2% | +12.0% |
| Tamboran Resources TBN | United States | $1.01B | -19% | n/a | n/a | n/a | n/a | n/a |
| Borr Drilling BORR | United States | $1,000M | -45% | +3% | 21% | n/a | n/a | n/a |
| Kosmos Energy KOS | United States | $1.26B | -23% | +23% | 23% | 4.6× | -6.4% | +9.9% |
| Tsakos Energy Navigation TEN | United States | $1.32B | +2% | +23% | 38% | 3.5× | n/a | n/a |
| Riley Exploration Permian REPX | United States | $913M | +24% | +23% | 39% | 4.2× | -7.1% | +164.3% |
| HighPeak Energy HPK | United States | $903M | +23% | -13% | 16% | 24.6× | n/a | n/a |
| Diversified Energy DEC | United States | $899M | -19% | +109% | 15% | 2.1× | -0.5% | +32.3% |
| FLEX LNG FLNG | United States | $1.38B | -20% | +1% | 49% | 11.5× | -0.5% | +16.1% |
| Flotek Industries FTK | United States | $886M | +45% | +59% | 13% | 21.9× | n/a | n/a |
| Nordic American Tankers NAT | United States | $1.41B | +13% | +29% | 29% | 7.7× | -3.4% | -3.8% |
| Expro XPRO | United States | $1.47B | -14% | -5% | 4% | 18.0× | 13.9% | +18.9% |
| Mach Natural Resources LP MNR | United States | $1.50B | -35% | +39% | 22% | 5.9× | -10.0% | +2.9% |
| Infinity Natural Resources INR | United States | $811M | -17% | +75% | 44% | 4.5× | n/a | n/a |
| Global Partners LP GLP | United States | $1.53B | -8% | +20% | 2% | 11.3× | -7.7% | +17.4% |
| Forum Energy Technologies FET | United States | $800M | +30% | +11% | 7% | 12.9× | 3.5% | +9.1% |