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Bristow Group Inc. provides vertical flight solutions to offshore energy companies and government agencies in the United Kingdom, Norway, the United States, Nigeria, and internationally. It operates through three segments: Offshore Energy Services, Government Services, and Other Services. The company offers various aviation services comprising personnel transportation, search and rescue (SAR), medevac, fixed wing transportation, unmanned systems, and ad-hoc helicopter services. It also operates specialized helicopters, as well as provides trained personnel. In addition, the company is involved in dry leasing of aircraft to third-party operators; and sales of parts. Further, it provides equipment or additional services, such as logistical and maintenance support, training services, and flight and maintenance crews; and regular passenger transport and charter services. Bristow Group Inc. was founded in 1948 and is based in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.5B | $273M | $129M | $56M | 12.2% | 5.3% | 36.2% |
| 2024 | $1.4B | $223M | $95M | $-78M | 10.6% | 9.1% | -1498.2% |
| 2023 | $1.3B | $145M | $-7M | $-49M | -0.8% | 9.5% | -57.1% |
| 2022 | $1.2B | $124M | $-16M | $93M | -1.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,185.20 | 1,297.43 | 1,415.49 | 1,490.51 |
| Cost Of Revenue | 993.40 | 515.12 | 532.06 | 495.24 |
| Gross Profit | 191.81 | 782.31 | 883.43 | 995.27 |
| Operating Expense | 159.06 | 727.64 | 753.90 | 851.43 |
| Operating Income | 32.75 | 54.68 | 129.54 | 143.84 |
| EBITDA | 124.34 | 145.01 | 222.83 | 272.82 |
| EBIT | 37.10 | 59.43 | 139.64 | 191.15 |
| Pretax Income | -4.42 | 18.01 | 102.06 | 151.24 |
| Tax Provision | 11.29 | 24.93 | 7.19 | 21.81 |
| Net Income | -15.79 | -6.78 | 94.80 | 129.07 |
| Net Income Common Stockholders | -15.79 | -6.78 | 94.80 | 129.07 |
| Total Expenses | 1,152.46 | 1,242.75 | 1,285.96 | 1,346.67 |
| Interest Expense | 41.52 | 41.42 | 37.58 | 39.92 |
| Interest Income | 0.16 | 8.65 | 8.90 | 9.35 |
| Selling General And Administration | 159.06 | 529.21 | 541.02 | 578.02 |
| Normalized EBITDA | 156.91 | 146.10 | 223.88 | 239.04 |
| Normalized Income | 9.94 | -5.92 | 95.77 | 100.15 |
| Market Cap | 1,436.47 | 1,436.47 | 1,436.47 | 1,436.47 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Bristow Group Inc.this co. | VTOL | - | 11.13↓ discount | 1.36 | 12.2% | 7.56 |
| enCore Energy Corp. | EU | $361M | - | 1.51 | -22.0% | -6.72 |
| PrimeEnergy Resources Corporation | PNRG | $346M | 19.73 | 1.64 | 12.2% | 3.15 |
| Infinity Natural Resources, Inc. | INR | $305M | 18.27 | 0.82 | 2.4% | 3.72 |
| Kolibri Global Energy Inc. | KGEI | $206M |
| 13.49 |
| 1.01 |
| 7.6% |
| 6.37 |
| New Fortress Energy Inc. | NFE | $198M | - | 1.08 | -595.4% | 144.47 |
| Epsilon Energy Ltd. | EPSN | $192M | - | 1.54 | -4.6% | 7.02 |
| Prairie Operating Co. | PROP | $120M | - | 0.59 | 24.6% | 5.78 |
| Empire Petroleum Corporation | EP | $100M | - | -21.29 | 1564.8% | -15.73 |
| Peer Median | - | 18.27 | 1.04 | 5.0% | 4.75 | |