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MKT CAP:$1B

Bristow Group Inc.

Market Cap

$1B

Energy·Oil & Gas Equipment & Services·🇺🇸 United States·NYSE

Energy·Oil & Gas Equipment & Services·🇺🇸·NYSE

Stock Price

$46.70+$9.36 (+25.07%)

Apr 23, 2026

Company Details

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 ...

CEO

Christopher S. Bradshaw

IPO Date

Jan 22, 2013

Website

www.bristowgroup.com

Key Metrics TTM

Revenue

$1.5B

+4.2% YoY

Net Income

$129M

EPS (Diluted)

$4.32

Free Cash Flow

$56M

Revenue / Share

$49.75

Gross Margin

26.1%

Operating Margin

10.6%

Net Margin

8.7%

FCF Margin

3.8%

P/S

1.0x

P/E

11.0x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Jan 27, 2026

$1.5B+5.3%EPS $4.32

Q4 2025

Jan 27, 2026

$377M+0.0%EPS $0.61

Q3 2025

Nov 4, 2025

$386M+8.4%EPS $1.72

Q2 2025

Aug 5, 2025

$376M+4.6%EPS $1.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 20	$262M	$73M	-$14M
Q3 20	$296M	$65M	-$23M
Q4 20	$300M	$73M	-$39M
Q1 21	$282M	$63M	-$28M
Q2 21	$301M	$51M	-$12M
Q3 22	$299M	$68M	$15M
Q1 23	$293M	$66M	$6M
Q2 23	$312M	$71M	$6M
Q1 24	$337M	$89M	$23M
Q2 24	$360M	$112M	$45M
Q3 24	$356M	$94M	$33M
Q4 24	$377M	$116M	$32M
Q1 25	$351M	$100M	$34M
Q2 25	$376M	$104M	$43M
Q3 25	$386M	$109M	$51M
Q4 25	$377M	$75M	$32M

Valuation

Quarter	P/S	P/E
Q2 20	0.5x	—
Q3 20	0.5x	—
Q4 20	0.7x	—
Q1 21	0.7x	—
Q2 21	0.6x	—
Q3 22	0.6x	—
Q1 23	0.5x	—
Q2 23	0.7x	—
Q1 24	0.6x	38.3x
Q2 24	0.7x	29.2x
Q3 24	0.7x	16.0x
Q4 24	0.7x	10.1x
Q1 25	0.6x	7.8x
Q2 25	0.6x	7.9x
Q3 25	0.7x	7.3x
Q4 25	0.7x	8.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 20	-$7M	-$10M
Q3 20	$42M	$37M
Q4 20	$25M	$21M
Q1 21	$37M	$33M
Q2 21	$36M	$33M
Q3 22	-$18M	-$27M
Q1 23	$7M	-$25M
Q2 23	$18M	$6M
Q1 24	$27M	-$38M
Q2 24	$34M	-$17M
Q3 24	$66M	$9M
Q4 24	$51M	-$32M
Q1 25	-$603.0K	-$53M
Q2 25	$99M	$67M
Q3 25	$23M	-$6M
Q4 25	$77M	$48M

Capital Expenditures

Quarter	CapEx
Q2 20	$3M
Q3 20	$5M
Q4 20	$4M
Q1 21	$4M
Q2 21	$3M
Q3 22	$9M
Q1 23	$32M
Q2 23	$12M
Q1 24	$65M
Q2 24	$50M
Q3 24	$57M
Q4 24	$83M
Q1 25	$52M
Q2 25	$32M
Q3 25	$29M
Q4 25	$29M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 20	-17.1%	-20.5%
Q3 20	-6.6%	-5.9%
Q4 20	-1.4%	-7.6%
Q1 21	-4.6%	+4.8%
Q2 21	+14.9%	+13.6%
Q3 22	+1.2%	-10.6%
Q1 23	-2.4%	-15.3%
Q2 23	+10.7%	-1.1%
Q1 24	+12.1%	+0.5%
Q2 24	+20.2%	+10.6%
Q3 24	+21.7%	+12.6%
Q4 24	+21.1%	+12.9%
Q1 25	+4.0%	+0.9%
Q2 25	+4.6%	+6.0%
Q3 25	+8.4%	+3.9%
Q4 25	+0.0%	-0.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 20	$5M	2.0%
Q3 20	$2M	0.7%
Q4 20	$2M	0.7%
Q1 21	$2M	0.8%
Q2 21	$2M	0.8%
Q3 22	$4M	1.4%
Q1 23	$3M	1.1%
Q2 23	$5M	1.7%
Q1 24	$4M	1.0%
Q2 24	$4M	1.1%
Q3 24	$4M	1.2%
Q4 24	$4M	1.1%
Q1 25	$4M	1.0%
Q2 25	$5M	1.3%
Q3 25	$4M	1.1%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 20	$35M	—
Q3 20	$40M	—
Q4 20	$38M	—
Q1 21	$41M	—
Q2 21	$37M	—
Q3 22	$41M	—
Q1 23	$47M	—
Q2 23	$45M	—
Q1 24	$43M	$8M
Q2 24	$45M	$6M
Q3 24	$43M	—
Q4 24	$44M	$23M
Q1 25	$43M	$7M
Q2 25	$44M	$6M
Q3 25	$43M	$6M
Q4 25	$43M	—

Revenue Segments

Quarter	Reimbursable	Service
Q1 21	$12M	$282M

Revenue by Geography

Quarter	Africa	Americas	Asia Pacific	Europe
Q2 20	$32M	$59M	$12M	$167M
Q3 20	$23M	$95M	$21M	$165M
Q2 21	$17M	$86M	$22M	$174M
Q3 22	$26M	$97M	$23M	$161M
Q1 23	$29M	$79M	$21M	$173M
Q2 23	$30M	$90M	$21M	$179M
Q1 24	$34M	$97M	$19M	$186M
Q2 24	$45M	$106M	$25M	$184M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$264M	$0	$264M
Q2 22	$255M	$0	$255M
Q3 22	$199M	$0	$199M
Q4 22	$164M	$0	$164M
Q1 23	$198M	$0	$198M
Q2 23	$212M	$0	$212M
Q3 23	$208M	$0	$208M
Q4 23	$180M	$0	$180M
Q1 24	$141M	$0	$141M
Q2 24	$179M	$0	$179M
Q3 24	$200M	$0	$200M
Q4 24	$248M	$0	$248M
Q1 25	$191M	$0	$191M
Q2 25	$252M	$0	$252M
Q3 25	$251M	$0	$251M
Q4 25	$294M	$0	$294M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 20	40M	+14.4%	+10.7%
Q3 20	29M	-25.9%	-18.3%
Q4 20	29M	-1.4%	-19.4%
Q1 21	29M	+0.0%	-16.4%
Q2 21	29M	-1.0%	-27.7%
Q3 22	28M	-0.9%	-3.2%
Q1 23	28M	-1.5%	-3.3%
Q2 23	28M	+0.3%	-3.1%
Q1 24	29M	+4.2%	+2.0%
Q2 24	29M	+0.8%	+3.7%
Q3 24	30M	+0.9%	+6.2%
Q4 24	30M	+0.3%	+6.2%
Q1 25	30M	+0.2%	+2.1%
Q2 25	30M	-0.3%	+1.1%
Q3 25	30M	+0.5%	+0.7%
Q4 25	30M	+0.1%	+0.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 20	$369.9K	707
Q3 20	$418.3K	707
Q4 20	$424.7K	707
Q1 21	$88.9K	3K
Q2 21	$94.9K	3K
Q3 22	$102.7K	3K
Q1 23	$100.5K	3K
Q2 23	$106.8K	3K
Q1 24	$102.2K	3K
Q2 24	$109.1K	3K
Q3 24	$108.1K	3K
Q4 24	$109.4K	3K
Q1 25	$101.7K	3K
Q2 25	$109.2K	3K
Q3 25	$112.1K	3K
Q4 25	$109.4K	3K

Revenue / Employee