Bristow Group (VTOL) AI Stock Analysis

• Market Cap: $1.09B
• Dividend Yield: N/A
• Average Volume (3M): 172.00K
• Price to Earnings (P/E): 9.4
• Beta (1Y): 1.21
• Revenue Growth: 5.30%
• EPS Growth: 279.53%
• Country: US
• Employees: 3,447
• Sector: Energy
• Sector Strength: 56
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.96
• Shares Outstanding: 28,814,000
• 10 Day Avg. Volume: 162,729
• 30 Day Avg. Volume: 172,001
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.56
• Enterprise Value/Revenue: 1.17
• Enterprise Value/Gross Profit: 1.79
• Enterprise Value/Ebitda: 6.34
• 1Y Price Target: $45.00
• Price Target Upside: 18.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 80 Outperform
• Price Target: $44.00 ▲(15.61% Upside)

Bristow Group's strong financial performance, positive earnings call, and technical indicators contribute to a high overall score. The company's robust revenue growth, strategic initiatives, and undervaluation are significant strengths, while cash flow management remains an area for improvement.

Positive Factors

Contract Wins

The company's Government Search and Rescue (SAR) portfolio is growing with significant contract wins, including a $1.6 billion UK and $700 million Irish contract.

Financial Performance

Bristow Group Inc. beat the market's estimate for adjusted EBITDA, reaffirming its financial guidance thanks to its significant backlog in Government Services and Offshore Energy markets.

Shareholder Returns

Bristow Group's large capital expenditure investment for helicopters is nearly complete, which will soon lead to accelerated free cash flow generation and increased shareholder returns.

Strategic Initiatives

VTOL announced a strategic capital allocation framework prioritizing balance sheet protection, growth opportunities, and returning capital to shareholders.

Negative Factors

Foreign Exchange Impact

Unfavorable foreign exchange effects contributed to a decline in sales and operating income in the Other Services segment.

Other Services Segment

The Other Services segment experienced a decline in sales and operating income due to lower seasonal utilization and unfavorable foreign exchange effects.

Bristow Group Business Overview & Revenue Model

Company Description

Bristow Group is a leading global provider of vertical flight solutions, specializing in offshore transportation services for the energy sector, including oil and gas, as well as search and rescue operations. The company operates a diverse fleet of helicopters and other vertical takeoff and landing (VTOL) aircraft, offering safe and efficient transportation to remote offshore installations and maritime operations. Bristow also engages in flight training and support services, leveraging its extensive experience and advanced technology to deliver high-quality aviation services across multiple regions.

How the Company Makes Money

Bristow Group generates revenue primarily through its offshore transportation services, which include the provision of helicopter flights to oil and gas companies operating in offshore environments. This segment represents a significant portion of the company's earnings, driven by long-term contracts and agreements with major energy firms. Additionally, Bristow earns income from its search and rescue operations, which are often contracted by governmental and private organizations requiring emergency response capabilities. The company also benefits from flight training services, which cater to both internal needs and external clients, thus diversifying its revenue streams. Strategic partnerships with energy companies and contracts with government agencies play a crucial role in stabilizing revenue, as they ensure a consistent demand for Bristow's specialized aviation services.

Bristow Group Financial Statement Overview

Summary

Bristow Group demonstrates strong revenue growth and profitability margins, with a stable balance sheet. However, negative free cash flow presents a challenge, despite strong operating cash flow.

Income Statement

Bristow Group shows a strong gross profit margin of 74.0% and an improving net profit margin at 8.1% TTM. Revenue growth is healthy at 9.3% annually, indicating solid demand. However, EBIT and EBITDA margins are modest at 10.0% and 14.7%, respectively, suggesting room for operational efficiency improvements.

Balance Sheet

The company maintains a stable debt-to-equity ratio of 1.02, highlighting balanced leverage management. ROE is reasonably strong at 12.4%, reflecting effective use of equity. The equity ratio stands at 42.9%, indicating a reasonable level of equity financing. Overall, the balance sheet reflects financial stability with moderate leverage.

Cash Flow

Operating cash flow exceeds net income, with a ratio of 1.3, indicating strong cash generation relative to earnings. However, free cash flow is negative at -$92.8 million, posing a challenge for liquidity management. Despite this, the company's ability to cover net income with operating cash flow is a positive sign.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.45B	1.42B	1.30B	1.23B	1.19B	1.18B
Gross Profit	941.44M	883.43M	749.50M	210.82M	191.81M	218.02M
EBITDA	266.39M	222.83M	145.01M	126.52M	69.67M	85.08M
Net Income	119.14M	94.80M	-6.78M	9.21M	-15.71M	-56.28M
Balance Sheet
Total Assets	2.29B	2.13B	1.94B	1.81B	1.82B	1.99B
Cash, Cash Equivalents and Short-Term Investments	251.77M	247.50M	180.26M	163.68M	266.01M	231.08M
Total Debt	963.93M	957.09M	838.32M	753.64M	720.98M	789.12M
Total Liabilities	1.30B	1.23B	1.11B	1.03B	988.91M	1.09B
Stockholders Equity	984.37M	891.71M	823.69M	787.31M	835.82M	897.61M
Cash Flow
Free Cash Flow	-8.64M	-77.97M	-49.47M	-63.70M	92.79M	82.00M
Operating Cash Flow	215.51M	177.42M	32.04M	-14.13M	123.85M	96.84M
Investing Cash Flow	-195.03M	-245.95M	-47.32M	-44.14M	-17.37M	173.27M
Financing Cash Flow	69.70M	141.10M	22.04M	-19.91M	-63.48M	-245.62M

Bristow Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 38.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VTOL, the sentiment is Positive. The current price of 38.06 is above the 20-day moving average (MA) of 37.18, above the 50-day MA of 35.64, and above the 200-day MA of 33.72, indicating a bullish trend. The MACD of 0.72 indicates Positive momentum. The RSI at 57.63 is Neutral, neither overbought nor oversold. The STOCH value of 47.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VTOL.

Bristow Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VTOL	80 Outperform	$1.09B	9.42	13.00%	―	5.30%	279.53%
OII	79 Outperform	$2.37B	11.94	27.08%	―	8.14%	62.72%
XPRO	78 Outperform	$1.41B	20.03	4.78%	―	2.67%	―
RES	71 Outperform	$1.03B	19.05	4.92%	3.43%	-2.74%	-54.52%
Sector *	65 Neutral	$15.26B	7.31	3.02%	5.32%	4.27%	-62.52%
MRC	64 Neutral	$1.28B	41.18	5.66%	―	-9.81%	-124.43%
HLX	64 Neutral	$928.95M	19.54	3.27%	―	-8.19%	―

Bristow Group Corporate Events

Bristow Group Announces Departure of Elizabeth Matthews

On August 21, 2025, Bristow Group Inc. announced the immediate departure of Elizabeth Matthews, who held multiple senior roles including Senior Vice President, General Counsel, and Corporate Secretary. Her departure was not due to any disagreements with the company or its board. This move is part of a broader organizational restructuring, with her responsibilities being redistributed among the legal and executive leadership teams, and Anne Rappold assuming the role of Corporate Secretary.

Bristow Group Reports Strong Q2 2025 Financial Results

On August 5, 2025, Bristow Group reported its second quarter 2025 financial results, showcasing a notable increase in total revenues to $376.4 million from $350.5 million in the first quarter. The company also reported a rise in net income to $31.7 million, up from $27.4 million in the previous quarter. Bristow raised its 2025 and 2026 Adjusted EBITDA outlook ranges and initiated accelerated debt payments and share repurchases. The company’s Offshore Energy Services segment saw increased revenues due to higher utilization and favorable foreign exchange impacts, while the Government Services segment experienced higher revenues but faced an operating loss due to increased subcontractor and personnel costs.

Bristow Group Approves Key Proposals at Annual Meeting

On June 4, 2025, Bristow Group Inc. held its 2025 Annual Meeting of Stockholders, where several key proposals were approved. These included the election of nine directors, an advisory vote on executive compensation, the frequency of future advisory votes, an amendment to the 2021 Equity Incentive Plan, and the ratification of KPMG LLP as independent auditors for 2025. The approval of these proposals reflects the company’s ongoing governance and strategic planning efforts.