Bristow Group (VTOL) AI Stock Analysis

• Market Cap: $1.09B
• Dividend Yield: N/A
• Average Volume (3M): 175.27K
• Price to Earnings (P/E): 9.4
• Beta (1Y): 1.20
• Revenue Growth: 5.30%
• EPS Growth: 279.53%
• Country: US
• Employees: 3,447
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.96
• Shares Outstanding: 28,814,000
• 10 Day Avg. Volume: 150,197
• 30 Day Avg. Volume: 175,271
• 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: $44.50
• Price Target Upside: 17.51% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 80 Outperform
• Price Target: $44.00 ▲(16.19% 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

Revenue Growth

Consistent revenue growth in the OES segment indicates strong demand and effective market positioning, enhancing long-term business stability.

Debt Reduction and Share Repurchase

Debt reduction and share repurchase improve financial flexibility and shareholder value, supporting sustainable growth and investment capacity.

Increased Financial Guidance

Raising financial guidance reflects management's confidence in future performance, indicating robust operational execution and market opportunities.

Negative Factors

Cash Flow Challenges

Negative free cash flow can constrain liquidity and investment capacity, necessitating improved cash management for long-term financial health.

Government Services Segment Challenges

Challenges in the Government Services segment due to cost increases may impact profitability and require strategic adjustments to maintain margins.

Supply Chain and Regulatory Delays

Supply chain and regulatory delays can hinder contract execution and revenue realization, affecting operational efficiency and growth prospects.

Bristow Group Business Overview & Revenue Model

Company Description

Bristow Group Inc. provides aviation services to integrated, national, and independent offshore energy companies in the United States. It also offers commercial search and rescue services; and other helicopter and fixed wing transportation services. As of March 31, 2022, the company had a fleet of 229 aircrafts, of which 213 were helicopters. It also has operations in Australia, Brazil, Canada, Chile, the Dutch Caribbean, Guyana, India, Mexico, the Netherlands, Nigeria, Norway, Spain, Suriname, Trinidad, and the United Kingdom. The company was founded 1948 and is headquartered in Houston, Texas.

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: 37.87
• 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 37.87 is above the 20-day moving average (MA) of 37.82, above the 50-day MA of 36.73, and above the 200-day MA of 33.74, indicating a neutral trend. The MACD of 0.30 indicates Positive momentum. The RSI at 52.18 is Neutral, neither overbought nor oversold. The STOCH value of 65.54 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	9.43	13.00%	―	5.30%	279.53%
OII	79 Outperform	2.42B	12.19	23.84%	―	8.14%	62.72%
XPRO	78 Outperform	1.41B	20.01	4.69%	―	2.67%	0.00%
RES	71 Outperform	988.36M	18.01	4.93%	3.57%	-2.74%	-54.52%
HLX	70 Outperform	920.13M	19.36	3.19%	―	-8.19%	0.00%
MRC	61 Neutral	1.23B	-60.64	-0.56%	―	-9.81%	-124.43%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

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.