Bristow Group (VTOL) Financials

$48.91 -0.51 (-1.04%)

Closing price 03:59 PM Eastern

Extended Trading

$45.62 -3.29 (-6.73%)

As of 07:59 PM Eastern

Annual Income Statements for Bristow Group

This table shows Bristow Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	3/31/2019	3/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	17	8.71	-7.98	-28	14	-337	-56	9.22	-6.78	95	129
Consolidated Net Income / (Loss)	17	7.90	-15	-29	13	-336	-56	9.22	-6.92	95	129
Net Income / (Loss) Continuing Operations	17	7.90	-15	-29	13	-336	-56	9.21	-6.92	95	129
Total Pre-Tax Income	23	24	-19	-153	14	-336	-57	0.00	18	102	151
Total Operating Income	43	24	-3.37	-136	28	-222	-103	26	61	133	159
Total Gross Profit	331	282	247	231	222	1,370	1,178	1,210	529	611	687
Total Revenue	331	282	247	231	222	1,370	1,178	1,210	1,297	1,415	1,491
Operating Revenue	331	282	247	231	222	1,370	1,178	1,210	1,297	1,415	1,491
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	768	804	804
Operating Cost of Revenue	-	-	-	-	-	-	-	0.00	768	804	804
Total Operating Expenses	289	258	251	368	194	1,591	1,281	1,185	476	483	531
Selling, General & Admin Expense	248	214	206	210	197	182	153	0.00	404	413	472
Depreciation Expense	46	47	49	46	40	125	70	0.00	71	68	70
Restructuring Charge	-	-	-	-	-	0.00	69	0.00	2.20	0.00	0.00
Other Special Charges / (Income)	-6.10	-5.95	-4.79	-4.51	-44	28	7.77	0.52	-1.11	1.05	-12
Total Other Income / (Expense), net	-20	-0.34	-16	-16	-14	-115	46	-4.90	-36	-26	-4.39
Interest Expense	15	12	17	17	15	114	81	0.00	41	38	40
Interest & Investment Income	0.54	1.19	0.74	0.76	2.04	7.74	1.29	1.14	16	13	13
Other Income / (Expense), net	-5.78	10	0.08	-0.24	-0.96	-8.90	126	-6.04	-9.97	-1.87	23
Income Tax Expense	8.29	14	-3.36	-123	2.94	-0.16	-0.36	11	25	7.19	22
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.10	-0.81	-6.93	-0.45	-0.46	0.71	-0.19	-0.01	-0.14	0.07	0.35
Basic Earnings per Share	$0.84	$0.42	($0.39)	($1.36)	$0.64	($9.42)	$3.12	$0.33	($0.24)	$3.32	$4.47
Weighted Average Basic Shares Outstanding	20.07M	20.23M	20.35M	20.76M	21.17M	35.74M	24.60M	28.10M	28.14M	28.52M	28.86M
Diluted Earnings per Share	$0.84	$0.42	($0.39)	($1.36)	$0.64	($9.42)	$2.32	$0.32	($0.24)	$3.21	$4.32
Weighted Average Diluted Shares Outstanding	20.14M	20.27M	20.35M	20.76M	21.18M	35.74M	31.68M	28.41M	28.14M	29.55M	29.88M
Weighted Average Basic & Diluted Shares Outstanding	20.40M	20.70M	20.50M	20.70M	21.79M	21.31M	29.69M	28.30M	28.32M	28.63M	29.19M

This table shows Bristow Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-1.64	4.32	-7.94	6.61	28	28	32	27	32	52	18
Consolidated Net Income / (Loss)	-1.64	4.35	-8.10	6.63	28	28	32	27	32	52	19
Net Income / (Loss) Continuing Operations	-1.64	4.35	-8.10	6.63	28	28	32	27	32	52	19
Total Pre-Tax Income	-16	27	13	9.14	37	37	19	38	52	40	22
Total Operating Income	5.57	30	21	23	45	33	33	34	43	51	32
Total Gross Profit	319	338	-430	139	164	155	-451	157	176	184	170
Total Revenue	319	338	338	337	360	365	354	351	376	386	377
Operating Revenue	319	338	338	337	360	365	354	351	376	386	377
Total Cost of Revenue	0.00	0.00	768	198	195	210	804	194	200	202	208
Operating Cost of Revenue	-	-	-	198	195	210	-	194	200	202	208
Total Operating Expenses	315	312	-449	118	120	123	-481	124	134	134	140
Selling, General & Admin Expense	45	46	266	101	103	105	282	107	122	124	119
Depreciation Expense	18	18	17	17	17	18	17	17	17	18	18
Other Special Charges / (Income)	3.16	-1.18	0.16	0.11	0.22	0.63	0.08	0.56	-6.21	-8.25	2.11
Total Other Income / (Expense), net	-20	1.09	-4.95	-12	-6.68	4.16	-12	4.72	9.76	-11	-8.08
Interest Expense	9.87	10	11	9.47	9.39	9.66	9.06	9.49	10	9.96	10
Interest & Investment Income	2.81	6.25	4.59	3.40	2.79	3.23	3.59	2.82	2.22	2.26	5.23
Other Income / (Expense), net	-13	4.84	1.74	-6.20	-0.08	11	-6.17	11	18	-3.09	-2.88
Income Tax Expense	-14	23	22	2.51	9.25	8.39	-13	10	20	-12	3.03
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.03	-0.17	0.03	0.03	0.04	-0.03	0.02	0.03	0.05	0.25
Basic Earnings per Share	($0.06)	$0.15	($0.28)	$0.23	$0.99	$0.99	$1.11	$0.95	$1.10	$1.79	$0.63
Weighted Average Basic Shares Outstanding	28.06M	28.22M	28.14M	28.33M	28.48M	28.62M	28.52M	28.67M	28.82M	28.87M	28.86M
Diluted Earnings per Share	($0.06)	$0.15	($0.28)	$0.23	$0.96	$0.95	$1.07	$0.92	$1.07	$1.72	$0.61
Weighted Average Diluted Shares Outstanding	28.06M	28.96M	28.14M	29.24M	29.46M	29.72M	29.55M	29.87M	29.79M	29.93M	29.88M
Weighted Average Basic & Diluted Shares Outstanding	28.18M	28.25M	28.32M	28.39M	28.62M	28.63M	28.63M	28.78M	28.81M	28.92M	29.19M

This table details how cash moves in and out of Bristow Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	3/31/2019	3/31/2021	3/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	9.53	-26	16	-14	34	-199	32	35	20	68	42
Net Cash From Operating Activities	78	44	59	20	54	-109	97	124	32	177	198
Net Cash From Continuing Operating Activities	78	44	59	20	54	-109	97	124	32	177	198
Net Income / (Loss) Continuing Operations	17	7.90	-15	-29	13	-336	-56	-16	-6.92	95	129
Consolidated Net Income / (Loss)	17	7.90	-15	-29	13	-336	-56	-16	-6.92	95	129
Depreciation Expense	46	47	49	46	40	125	90	87	86	83	82
Amortization Expense	1.15	1.27	1.68	1.37	1.66	6.34	16	9.03	3.32	6.93	17
Non-Cash Adjustments To Reconcile Net Income	16	-9.23	-1.42	116	0.75	140	43	54	-31	-52	-106
Changes in Operating Assets and Liabilities, net	-1.52	-2.82	24	-114	-1.06	-44	3.42	-10	-19	44	77
Net Cash From Investing Activities	-94	-23	-9.12	-6.57	23	-26	173	-17	-47	-246	-87
Net Cash From Continuing Investing Activities	-94	-23	-9.12	-6.57	23	-26	173	-17	-47	-246	-87
Purchase of Property, Plant & Equipment	-107	-60	-39	-17	-9.22	-41	-15	-31	-82	-255	-142
Sale of Property, Plant & Equipment	7.05	25	29	9.39	30	14	68	15	34	9.44	55
Net Cash From Financing Activities	26	-46	-33	-27	-44	-63	-246	-63	22	141	-66
Net Cash From Continuing Financing Activities	26	-46	-33	-27	-44	-63	-246	-63	22	141	-66
Repayment of Debt	-2.45	-47	-5.22	0.00	-2.52	-64	-630	-22	-145	-20	-58
Repurchase of Common Equity	0.00	-2.08	-0.16	-0.05	0.00	0.00	-11	-41	-2.71	-4.05	-15
Issuance of Debt	30	60	12	17	0.00	0.47	400	0.00	170	165	5.83
Other Financing Activities, net	-1.43	-57	-40	-44	-41	-2.16	-	-	0.00	0.51	1.39
Effect of Exchange Rate Changes	-1.01	-2.12	-	-	-	-	7.46	-8.07	13	-4.95	-2.68
Cash Interest Paid	-	-	-	-	-	-	-	32	39	43	47
Cash Income Taxes Paid	-	-	-	-	-	-	-	12	19	21	27

This table details how cash moves in and out of Bristow Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	16	-6.45	-26	-41	39	27	43	-57	62	-5.15	43
Net Cash From Operating Activities	18	17	-9.50	27	34	66	51	-0.60	99	23	77
Net Cash From Continuing Operating Activities	18	17	-9.50	27	34	66	51	-0.60	99	23	77
Net Income / (Loss) Continuing Operations	-1.64	4.35	-8.10	6.63	28	28	32	27	32	52	19
Consolidated Net Income / (Loss)	-1.64	4.35	-8.10	6.63	28	28	32	27	32	52	19
Depreciation Expense	22	22	21	21	21	21	20	20	21	20	21
Amortization Expense	0.73	0.74	0.74	1.55	1.64	1.62	2.12	2.38	4.19	5.63	4.57
Non-Cash Adjustments To Reconcile Net Income	-23	-27	34	-12	-11	-3.34	-25	-20	-29	-43	-14
Changes in Operating Assets and Liabilities, net	20	17	-57	9.65	-5.78	18	22	-30	71	-11	47
Net Cash From Investing Activities	-8.89	-11	-19	-65	-46	-57	-79	-52	-7.57	-0.59	-27
Net Cash From Continuing Investing Activities	-8.89	-11	-19	-65	-46	-57	-79	-52	-7.57	-0.59	-27
Purchase of Property, Plant & Equipment	-12	-18	-19	-65	-50	-57	-83	-52	-32	-29	-29
Sale of Property, Plant & Equipment	3.34	7.32	0.09	0.01	4.40	0.05	4.98	0.04	24	29	1.98
Net Cash From Financing Activities	-5.28	-3.53	-3.31	-5.11	49	20	78	-1.70	-26	-28	-10
Net Cash From Continuing Financing Activities	-5.28	-3.53	-3.31	-5.11	49	20	78	-1.70	-26	-28	-10
Repayment of Debt	-3.30	-3.17	-3.31	-4.09	-5.36	-5.54	-4.93	-5.03	-20	-29	-4.08
Repurchase of Common Equity	-1.97	-0.35	-	-1.02	-2.91	-0.13	-	-2.50	-6.00	-0.64	-6.07
Other Financing Activities, net	-	-	-	0.00	-	-	-	0.00	0.00	1.32	0.07
Effect of Exchange Rate Changes	12	-8.59	6.01	2.24	2.48	-1.99	-7.68	-3.03	-3.46	0.56	3.24
Cash Interest Paid	3.11	17	3.29	17	3.89	18	4.90	18	6.66	17	5.64
Cash Income Taxes Paid	3.09	5.92	9.73	6.05	7.28	2.77	4.69	13	5.88	3.59	4.32

This table presents Bristow Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	3/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,017	1,004	955	792	765	765	1,992	1,812	1,937	2,125	2,311
Total Current Assets	108	103	96	83	116	196	586	493	564	619	694
Cash & Equivalents	41	14	27	14	51	117	228	160	180	248	286
Restricted Cash	-	-	-	-	-	-	3.07	3.65	3.40	3.78	7.42
Accounts Receivable	35	52	35	35	39	48	216	215	235	212	217
Inventories, net	27	28	25	21	21	20	92	82	100	115	133
Prepaid Expenses	2.66	1.96	1.58	1.20	1.81	2.18	32	32	45	42	51
Plant, Property, & Equipment, net	863	859	822	674	599	557	1,005	915	928	1,076	1,153
Total Noncurrent Assets	46	43	37	36	50	12	402	404	446	430	464
Long-Term Investments	-	-	-	-	-	-	38	17	20	22	24
Other Noncurrent Operating Assets	46	41	36	34	49	12	364	387	426	407	440
Total Liabilities & Shareholders' Equity	1,017	1,004	955	792	765	765	1,992	1,812	1,937	2,125	2,311
Total Liabilities	557	528	483	343	298	305	1,094	1,025	1,114	1,234	1,252
Total Current Liabilities	56	32	26	32	29	51	305	286	310	326	365
Short-Term Debt	27	3.39	2.14	2.74	2.06	18	16	12	13	19	28
Accounts Payable	15	12	8.88	16	13	13	70	90	88	83	86
Accrued Expenses	-	-	-	-	0.63	-	27	20	25	31	29
Current Deferred Revenue	-	-	-	-	-	-	14	14	20	15	22
Current Deferred & Payable Income Tax Liabilities	0.27	2.36	1.90	0.89	0.97	4.21	20	6.65	8.18	16	23
Current Employee Benefit Liabilities	7.52	9.01	8.51	8.26	9.27	11	59	45	53	54	69
Other Current Liabilities	3.32	2.30	2.22	1.72	0.88	3.32	101	99	103	107	108
Total Noncurrent Liabilities	501	496	457	310	269	254	789	739	804	908	886
Long-Term Debt	282	264	230	202	160	142	528	500	535	671	644
Capital Lease Obligations	-	-	-	-	-	7.82	168	166	215	189	165
Noncurrent Deferred & Payable Income Tax Liabilities	217	230	225	107	108	104	42	49	43	39	47
Other Noncurrent Operating Liabilities	2.11	1.89	1.30	1.43	0.75	0.75	6.68	5.03	12	8.94	32
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	460	471	468	446	463	457	897	787	823	891	1,060
Total Preferred & Common Equity	461	471	468	446	463	457	898	787	824	892	1,060
Total Common Equity	461	471	468	446	463	457	898	787	823	891	1,059
Common Stock	429	433	439	444	448	452	688	710	726	742	763
Retained Earnings	32	41	33	4.36	18	15	227	225	218	313	442
Treasury Stock	-0.55	-2.67	-2.90	-2.95	-2.48	-10	-11	-63	-66	-70	-87
Accumulated Other Comprehensive Income / (Loss)	0.10	0.09	0.09	0.11	0.11	-	-6.92	-84	-55	-94	-58
Noncontrolling Interest	-0.29	-	-	-	-	-	-0.54	-0.37	-0.51	-0.44	-0.08

This table presents Bristow Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	12/31/2021	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	1,763	1,865	1,899	1,896	1,890	1,916	1,977	2,088	2,172	2,288	2,270
Total Current Assets	524	576	525	538	558	524	571	594	615	670	678
Cash & Equivalents	199	274	198	212	208	141	179	200	191	252	246
Restricted Cash	1.82	3.50	2.12	4.22	2.21	2.29	3.27	8.23	2.80	4.08	5.20
Accounts Receivable	205	177	209	204	219	235	239	234	254	227	234
Inventories, net	79	88	86	91	95	102	103	111	123	136	135
Prepaid Expenses	39	28	30	27	34	44	46	41	44	52	59
Plant, Property, & Equipment, net	868	953	905	901	882	952	984	1,049	1,130	1,163	1,145
Total Noncurrent Assets	371	336	468	457	450	440	422	445	428	455	446
Long-Term Investments	17	19	17	17	20	20	21	21	23	23	23
Other Noncurrent Operating Assets	354	317	451	440	430	419	402	425	404	431	423
Total Liabilities & Shareholders' Equity	1,763	1,865	1,899	1,896	1,890	1,916	1,977	2,088	2,172	2,288	2,270
Total Liabilities	995	1,020	1,100	1,083	1,094	1,096	1,129	1,190	1,241	1,304	1,234
Total Current Liabilities	294	288	274	294	326	303	306	324	335	371	355
Short-Term Debt	11	13	13	13	13	13	16	17	19	25	22
Accounts Payable	73	60	75	80	73	87	84	93	99	109	91
Accrued Expenses	52	35	19	18	34	24	27	23	26	33	28
Current Deferred Revenue	14	13	14	22	23	25	20	20	23	24	26
Current Deferred & Payable Income Tax Liabilities	12	18	16	23	41	9.61	14	23	19	21	30
Current Employee Benefit Liabilities	40	48	42	41	47	48	46	49	47	50	53
Other Current Liabilities	93	101	95	98	95	97	100	100	100	109	105
Total Noncurrent Liabilities	700	732	826	789	769	792	822	865	906	933	878
Long-Term Debt	493	518	538	540	531	531	578	612	683	680	653
Capital Lease Obligations	159	141	228	217	212	209	192	200	172	178	170
Noncurrent Deferred & Payable Income Tax Liabilities	37	40	39	15	12	42	37	38	41	50	28
Other Noncurrent Operating Liabilities	4.86	4.75	4.60	4.76	5.43	11	16	15	11	25	28
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	769	844	798	813	795	820	849	899	931	984	1,036
Total Preferred & Common Equity	769	845	799	813	796	821	849	899	932	984	1,036
Total Common Equity	769	845	799	813	795	820	849	899	931	984	1,036
Common Stock	707	696	713	718	722	729	733	738	746	750	756
Retained Earnings	232	216	223	222	226	225	253	281	340	372	423
Treasury Stock	-63	-51	-63	-65	-66	-67	-70	-70	-72	-78	-79
Accumulated Other Comprehensive Income / (Loss)	-106	-16	-74	-61	-87	-67	-68	-50	-82	-60	-64
Noncontrolling Interest	-0.40	-0.39	-0.37	-0.37	-0.34	-0.48	-0.45	-0.41	-0.41	-0.38	-0.34

This table displays calculated financial ratios and metrics derived from Bristow Group's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	3/31/2019	3/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.79%	-14.91%	-12.28%	-6.43%	-4.17%	517.87%	0.00%	2.71%	7.23%	9.10%	5.30%
EBITDA Growth	-9.33%	-1.24%	-42.73%	-287.84%	176.24%	-245.37%	0.00%	-10.10%	20.18%	58.11%	26.88%
EBIT Growth	-20.90%	-5.95%	-109.50%	-4,051.29%	119.83%	-950.51%	0.00%	-12.00%	154.39%	157.45%	39.05%
NOPAT Growth	-2.01%	-63.09%	-123.63%	-3,950.58%	123.30%	-797.14%	0.00%	125.27%	-228.25%	628.12%	10.26%
Net Income Growth	-7.01%	-53.59%	-288.76%	-91.92%	147.03%	-2,597.68%	0.00%	116.37%	-175.10%	1,470.95%	36.43%
EPS Growth	-4.55%	-50.00%	-192.86%	-248.72%	147.06%	-1,571.88%	0.00%	-86.21%	-175.00%	1,437.50%	34.58%
Operating Cash Flow Growth	21.62%	-43.21%	31.60%	-65.65%	170.47%	-301.34%	0.00%	27.89%	-74.13%	453.80%	11.83%
Free Cash Flow Firm Growth	-152.57%	164.18%	402.88%	-218.45%	245.19%	-202.58%	0.00%	0.00%	-300.39%	107.86%	462.18%
Invested Capital Growth	6.15%	0.02%	-7.08%	-5.47%	-9.75%	-11.78%	0.00%	-3.23%	7.71%	8.22%	5.47%
Revenue Q/Q Growth	-0.39%	-0.26%	-6.66%	0.54%	-2.43%	25.90%	0.00%	1.70%	3.94%	1.11%	1.62%
EBITDA Q/Q Growth	-1.76%	-1.82%	-12.41%	-10.12%	3.54%	30.58%	0.00%	203.11%	31.85%	2.69%	2.26%
EBIT Q/Q Growth	-8.42%	-5.09%	-202.71%	-4.98%	12.23%	-26.61%	0.00%	109.81%	563.40%	3.73%	2.00%
NOPAT Q/Q Growth	-39.60%	-62.98%	-218.84%	-5.36%	-90.13%	-192.65%	0.00%	111.73%	-236.24%	80.69%	-10.76%
Net Income Q/Q Growth	9.40%	-46.12%	-15.74%	70.11%	-83.36%	2.30%	0.00%	135.04%	77.44%	72.49%	-9.19%
EPS Q/Q Growth	7.69%	-43.24%	-30.00%	70.24%	-83.33%	3.68%	0.00%	-50.77%	77.78%	72.58%	-9.62%
Operating Cash Flow Q/Q Growth	-38.03%	-14.77%	6.19%	-32.90%	3.49%	-558.91%	0.00%	160.56%	-79.28%	51.81%	14.99%
Free Cash Flow Firm Q/Q Growth	-832.72%	213.16%	-12.47%	-617.73%	-60.67%	-137.18%	0.00%	0.00%	-36.36%	108.81%	21.69%
Invested Capital Q/Q Growth	4.09%	-0.91%	-0.59%	10.47%	-1.95%	-2.51%	0.00%	5.69%	4.64%	-0.16%	-1.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	40.79%	43.18%	46.06%
EBITDA Margin	25.46%	29.55%	19.29%	-38.73%	30.82%	-7.25%	10.98%	9.61%	10.77%	15.60%	18.80%
Operating Margin	12.88%	8.62%	-1.36%	-58.99%	12.66%	-16.18%	-8.73%	2.15%	4.68%	9.37%	10.65%
EBIT Margin	11.13%	12.30%	-1.33%	-59.10%	12.23%	-16.83%	1.93%	1.65%	3.91%	9.24%	12.20%
Profit (Net Income) Margin	5.14%	2.80%	-6.03%	-12.37%	6.07%	-24.54%	-4.78%	0.76%	-0.53%	6.70%	8.68%
Tax Burden Percent	75.21%	32.97%	77.02%	18.74%	94.83%	99.95%	99.37%	0.00%	-38.42%	92.95%	85.58%
Interest Burden Percent	61.38%	69.09%	587.88%	111.71%	52.36%	145.87%	-249.68%	0.00%	35.47%	78.06%	83.19%
Effective Tax Rate	36.61%	58.92%	0.00%	0.00%	20.72%	0.00%	0.00%	0.00%	138.42%	7.05%	14.42%
Return on Invested Capital (ROIC)	3.81%	1.37%	-0.33%	-14.47%	3.65%	-28.48%	-5.43%	1.39%	-1.75%	8.56%	8.84%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.03%	0.57%	-5.79%	19.17%	-2.14%	-250.27%	-1.75%	-0.55%	1.36%	3.69%	7.69%
Return on Net Nonoperating Assets (RNNOA)	-0.02%	0.32%	-2.81%	8.27%	-0.71%	-44.10%	-0.83%	-0.30%	0.89%	2.50%	4.43%
Return on Equity (ROE)	3.80%	1.69%	-3.14%	-6.21%	2.94%	-72.58%	-6.26%	1.09%	-0.86%	11.07%	13.27%
Cash Return on Invested Capital (CROIC)	-2.16%	1.34%	7.00%	-8.85%	13.90%	-15.97%	0.00%	4.68%	-9.18%	0.67%	3.52%
Operating Return on Assets (OROA)	3.73%	3.43%	-0.34%	-15.65%	3.48%	-30.15%	1.14%	1.05%	2.71%	6.44%	8.20%
Return on Assets (ROA)	1.72%	0.78%	-1.52%	-3.28%	1.73%	-43.96%	-2.83%	0.48%	-0.37%	4.67%	5.83%
Return on Common Equity (ROCE)	3.80%	1.68%	-3.11%	-6.15%	2.92%	-72.10%	-6.26%	1.09%	-0.86%	11.07%	13.27%
Return on Equity Simple (ROE_SIMPLE)	3.70%	1.68%	-3.18%	-6.42%	2.90%	-73.59%	-6.27%	1.17%	-0.84%	10.64%	0.00%
Net Operating Profit after Tax (NOPAT)	27	9.98	-2.36	-96	22	-155	-72	18	-23	123	136
NOPAT Margin	8.16%	3.54%	-0.95%	-41.30%	10.04%	-11.33%	-6.11%	1.50%	-1.80%	8.71%	9.12%
Net Nonoperating Expense Percent (NNEP)	3.84%	0.79%	5.46%	-33.64%	5.79%	221.79%	-3.68%	1.94%	-3.11%	4.88%	1.15%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	1.24%	-1.47%	6.96%	7.17%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	59.21%	56.82%	53.94%
SG&A Expenses to Revenue	74.98%	76.03%	83.35%	90.58%	88.71%	13.30%	13.01%	0.00%	31.14%	29.20%	31.70%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	87.12%	91.38%	101.36%	158.99%	87.34%	116.18%	108.73%	97.95%	36.66%	34.10%	35.62%
Earnings before Interest and Taxes (EBIT)	37	35	-3.29	-137	27	-231	23	20	51	131	182
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	84	83	48	-90	68	-99	129	116	140	221	280
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.94	0.48	0.76	0.51	0.41	0.55	0.86	0.97	0.97	1.10	1.00
Price to Tangible Book Value (P/TBV)	0.94	0.49	0.76	0.52	0.41	0.55	0.86	0.97	0.97	1.10	1.00
Price to Revenue (P/Rev)	1.30	0.81	1.44	0.99	0.86	0.18	0.65	0.63	0.62	0.69	0.71
Price to Earnings (P/E)	25.17	26.26	0.00	0.00	13.66	0.00	0.00	82.43	0.00	10.36	8.21
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.97%	3.81%	0.00%	0.00%	7.32%	0.00%	0.00%	1.21%	0.00%	9.65%	12.19%
Enterprise Value to Invested Capital (EV/IC)	0.96	0.67	0.83	0.66	0.53	0.60	0.91	0.98	0.98	1.06	1.00
Enterprise Value to Revenue (EV/Rev)	2.11	1.73	2.29	1.83	1.38	0.22	1.03	1.04	1.05	1.12	1.06
Enterprise Value to EBITDA (EV/EBITDA)	8.29	5.85	11.84	0.00	4.47	0.00	9.38	10.81	9.72	7.18	5.63
Enterprise Value to EBIT (EV/EBIT)	18.97	14.04	0.00	0.00	11.25	0.00	53.45	62.94	26.73	12.13	8.68
Enterprise Value to NOPAT (EV/NOPAT)	25.86	48.79	0.00	0.00	13.71	0.00	0.00	69.04	0.00	12.87	11.61
Enterprise Value to Operating Cash Flow (EV/OCF)	8.93	10.95	9.66	21.12	5.61	0.00	12.52	10.14	42.37	8.94	7.95
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	49.65	11.46	0.00	3.60	0.00	0.00	20.58	0.00	164.97	29.18
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.67	0.56	0.49	0.46	0.35	0.37	0.79	0.86	0.93	0.99	0.79
Long-Term Debt to Equity	0.61	0.56	0.49	0.45	0.34	0.33	0.77	0.85	0.91	0.97	0.76
Financial Leverage	0.58	0.56	0.48	0.43	0.33	0.18	0.48	0.55	0.66	0.68	0.58
Leverage Ratio	2.20	2.16	2.07	1.89	1.70	1.65	2.22	2.26	2.33	2.37	2.27
Compound Leverage Factor	1.35	1.49	12.14	2.12	0.89	2.41	-5.54	0.00	0.83	1.85	1.89
Debt to Total Capital	40.21%	36.00%	32.95%	31.31%	25.80%	26.77%	44.18%	46.26%	48.10%	49.65%	44.10%
Short-Term Debt to Total Capital	3.56%	0.46%	0.30%	0.42%	0.33%	2.92%	0.99%	0.80%	0.84%	1.05%	1.47%
Long-Term Debt to Total Capital	36.64%	35.55%	32.65%	30.90%	25.47%	23.85%	43.19%	45.46%	47.27%	48.59%	42.63%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.04%	0.65%	0.60%	0.58%	0.52%	0.45%	0.06%	-0.03%	-0.03%	-0.02%	0.00%
Common Equity to Total Capital	59.83%	63.35%	66.45%	68.11%	73.68%	72.79%	55.76%	53.77%	51.91%	50.36%	55.89%
Debt to EBITDA	3.67	3.22	4.87	-2.29	2.38	-1.69	5.50	5.83	5.46	3.98	2.98
Net Debt to EBITDA	3.19	3.04	4.30	-2.14	1.63	-0.51	3.42	4.27	4.01	2.74	1.85
Long-Term Debt to EBITDA	3.35	3.18	4.83	-2.26	2.35	-1.51	5.38	5.73	5.37	3.89	2.88
Debt to NOPAT	11.45	26.84	-98.49	-2.15	7.29	-1.08	-9.87	37.22	-32.69	7.13	6.15
Net Debt to NOPAT	9.94	25.40	-87.07	-2.00	5.01	-0.33	-6.14	27.29	-23.97	4.91	3.82
Long-Term Debt to NOPAT	10.43	26.50	-97.59	-2.12	7.20	-0.96	-9.65	36.58	-32.12	6.98	5.95
Altman Z-Score	1.02	0.79	0.83	0.21	0.96	1.55	1.38	1.46	1.50	1.72	1.85
Noncontrolling Interest Sharing Ratio	-0.03%	0.48%	0.95%	0.87%	0.77%	0.66%	0.11%	0.04%	-0.04%	-0.02%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.94	3.20	3.76	2.54	4.02	3.86	1.92	1.73	1.82	1.90	1.90
Quick Ratio	1.37	2.07	2.43	1.51	3.13	3.26	1.45	1.31	1.34	1.41	1.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-15	9.81	49	-58	85	-87	0.00	61	-122	9.62	54
Operating Cash Flow to CapEx	78.54%	128.03%	552.39%	272.38%	0.00%	-403.99%	0.00%	749.77%	67.70%	72.14%	227.20%
Free Cash Flow to Firm to Interest Expense	-1.03	0.82	2.93	-3.48	5.67	-0.77	0.00	0.00	-2.95	0.26	1.35
Operating Cash Flow to Interest Expense	5.30	3.73	3.48	1.20	3.63	-0.96	1.20	0.00	0.77	4.72	4.97
Operating Cash Flow Less CapEx to Interest Expense	-1.45	0.82	2.85	0.76	5.00	-1.20	1.86	0.00	-0.37	-1.82	2.78
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.34	0.28	0.25	0.26	0.28	1.79	0.59	0.64	0.69	0.70	0.67
Accounts Receivable Turnover	9.05	6.48	5.67	6.55	5.92	31.27	5.46	5.62	5.77	6.34	6.95
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.45	7.50	6.50
Fixed Asset Turnover	0.40	0.33	0.29	0.31	0.35	2.37	1.17	1.26	1.41	1.41	1.34
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.66	9.39	9.47
Days Sales Outstanding (DSO)	40.34	56.35	64.32	55.74	61.68	11.67	66.81	64.97	63.26	57.53	52.49
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	43.18	48.64	56.12
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	42.17	38.88	38.53
Cash Conversion Cycle (CCC)	40.34	56.35	64.32	55.74	61.68	11.67	66.81	64.97	64.27	67.29	70.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	730	730	678	641	579	511	1,326	1,284	1,383	1,496	1,578
Invested Capital Turnover	0.47	0.39	0.35	0.35	0.36	2.51	0.89	0.93	0.97	0.98	0.97
Increase / (Decrease) in Invested Capital	42	0.17	-52	-37	-63	-68	0.00	-43	99	114	82
Enterprise Value (EV)	699	487	565	424	305	305	1,213	1,256	1,357	1,587	1,577
Market Capitalization	431	229	355	229	190	251	769	760	799	982	1,059
Book Value per Share	$22.61	$22.99	$22.37	$20.90	$21.30	$20.96	$30.21	$28.10	$29.15	$31.14	$36.63
Tangible Book Value per Share	$22.60	$22.94	$22.31	$20.84	$21.25	$20.96	$30.21	$28.10	$29.15	$31.14	$36.63
Total Capital	770	744	705	654	629	628	1,610	1,464	1,586	1,770	1,896
Total Debt	310	268	232	205	162	168	711	677	763	879	836
Total Long-Term Debt	282	264	230	202	160	150	695	666	750	860	808
Net Debt	269	253	205	191	112	51	443	497	559	605	519
Capital Expenditures (CapEx)	100	35	11	7.38	-20	27	-53	17	47	246	87
Debt-free, Cash-free Net Working Capital (DFCFNWC)	39	60	46	39	38	46	66	56	83	61	63
Debt-free Net Working Capital (DFNWC)	80	74	73	53	89	163	297	219	267	312	357
Net Working Capital (NWC)	52	71	71	50	87	145	281	208	254	294	329
Net Nonoperating Expense (NNE)	10	2.08	13	-67	8.80	181	-16	8.98	-16	28	6.48
Net Nonoperating Obligations (NNO)	270	254	206	192	112	51	428	497	559	605	519
Total Depreciation and Amortization (D&A)	47	49	51	47	41	131	107	96	89	90	98
Debt-free, Cash-free Net Working Capital to Revenue	11.73%	21.12%	18.58%	16.98%	17.31%	3.36%	5.56%	4.59%	6.43%	4.30%	4.25%
Debt-free Net Working Capital to Revenue	24.07%	26.22%	29.48%	22.85%	40.21%	11.93%	25.18%	18.12%	20.58%	22.05%	23.95%
Net Working Capital to Revenue	15.79%	25.02%	28.62%	21.67%	39.28%	10.59%	23.82%	17.15%	19.56%	20.74%	22.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.84	$0.42	($0.39)	($1.36)	$0.64	($0.17)	$3.12	($0.55)	($0.24)	$3.32	$4.47
Adjusted Weighted Average Basic Shares Outstanding	20.07M	20.23M	20.35M	20.76M	21.17M	21.01M	24.60M	28.53M	28.14M	28.52M	28.86M
Adjusted Diluted Earnings per Share	$0.84	$0.42	($0.39)	($1.36)	$0.64	($0.17)	$2.32	($0.55)	($0.24)	$3.21	$4.32
Adjusted Weighted Average Diluted Shares Outstanding	20.14M	20.27M	20.35M	20.76M	21.18M	21.01M	31.68M	28.53M	28.14M	29.55M	29.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.40M	20.50M	20.93M	21.32M	21.79M	21.31M	29.69M	28.30M	28.32M	28.63M	29.19M
Normalized Net Operating Profit after Tax (NOPAT)	23	14	-5.71	-17	-12	-54	45	22	43	124	126
Normalized NOPAT Margin	7.00%	5.02%	-2.31%	-7.25%	-5.19%	-3.91%	3.85%	1.83%	3.34%	8.78%	8.44%
Pre Tax Income Margin	6.83%	8.50%	-7.83%	-66.01%	6.40%	-24.55%	-4.81%	0.00%	1.39%	7.21%	10.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.49	2.91	-0.20	-8.16	1.81	-2.03	0.28	0.00	1.23	3.48	4.55
NOPAT to Interest Expense	1.83	0.84	-0.14	-5.70	1.49	-1.37	-0.89	0.00	-0.56	3.28	3.40
EBIT Less CapEx to Interest Expense	-4.25	0.00	-0.83	-8.60	3.17	-2.27	0.94	0.00	0.08	-3.07	2.37
NOPAT Less CapEx to Interest Expense	-4.92	-2.08	-0.77	-6.14	2.85	-1.61	-0.24	0.00	-1.71	-3.26	1.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-0.19%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	26.32%	-1.08%	-0.18%	0.00%	-0.19%	-18.66%	446.64%	-39.21%	4.27%	11.75%

This table displays calculated financial ratios and metrics derived from Bristow Group's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.85%	10.03%	7.77%	11.61%	12.64%	8.00%	4.61%	3.99%	4.64%	5.80%	6.71%
EBITDA Growth	-65.54%	19.67%	723.51%	57.99%	339.49%	17.43%	13.19%	72.91%	27.53%	9.41%	12.87%
EBIT Growth	-133.47%	32.54%	158.99%	928.33%	695.56%	27.13%	21.04%	170.24%	34.78%	8.32%	13.92%
NOPAT Growth	108.31%	-67.29%	-293.24%	348.44%	763.90%	437.02%	553.24%	47.62%	-23.02%	156.10%	-48.58%
Net Income Growth	-140.77%	-73.67%	-17.01%	534.89%	1,822.11%	550.84%	492.05%	312.86%	12.73%	82.44%	-41.21%
EPS Growth	-142.86%	-74.14%	-12.00%	560.00%	1,700.00%	533.33%	482.14%	300.00%	11.46%	81.05%	-42.99%
Operating Cash Flow Growth	-19.96%	195.11%	-108.40%	303.31%	84.87%	295.08%	637.47%	-102.26%	194.19%	-65.08%	50.65%
Free Cash Flow Firm Growth	-566.29%	-335.71%	-326.11%	80.53%	63.13%	-48.69%	48.34%	-363.23%	-164.62%	72.15%	9.54%
Invested Capital Growth	11.27%	8.80%	7.71%	3.65%	6.13%	13.43%	8.22%	12.62%	10.86%	7.20%	5.47%
Revenue Q/Q Growth	5.75%	5.86%	-0.05%	-0.25%	6.72%	1.49%	-3.18%	-0.85%	7.39%	2.62%	-2.34%
EBITDA Q/Q Growth	-36.14%	273.29%	-22.87%	-14.07%	77.63%	-0.26%	-25.66%	36.22%	26.26%	-14.43%	-25.50%
EBIT Q/Q Growth	-607.23%	559.32%	-35.14%	-31.94%	193.77%	-1.96%	-38.25%	66.12%	34.01%	-21.21%	-38.46%
NOPAT Q/Q Growth	12.63%	22.23%	-359.49%	225.53%	116.98%	-24.02%	119.00%	-56.40%	6.11%	152.78%	-57.91%
Net Income Q/Q Growth	-7.34%	365.42%	-286.49%	181.85%	325.08%	0.31%	12.34%	-13.81%	16.06%	62.34%	-63.80%
EPS Q/Q Growth	-20.00%	350.00%	-286.67%	182.14%	317.39%	-1.04%	12.63%	-14.02%	16.30%	60.75%	-64.53%
Operating Cash Flow Q/Q Growth	175.28%	-8.23%	-156.84%	380.86%	26.19%	96.11%	-22.67%	-101.18%	16,524.38%	-76.72%	233.58%
Free Cash Flow Firm Q/Q Growth	24.34%	23.11%	-9.11%	69.32%	-43.27%	-210.05%	62.09%	-166.79%	15.62%	67.37%	-28.28%
Invested Capital Q/Q Growth	-0.80%	-2.08%	4.64%	1.97%	1.57%	4.66%	-0.16%	6.13%	-0.02%	1.20%	-1.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	-127.32%	100.00%	100.00%	100.00%	-127.52%	44.78%	46.75%	47.65%	44.93%
EBITDA Margin	4.77%	16.80%	12.97%	11.17%	18.59%	18.27%	14.03%	19.27%	22.66%	18.90%	14.41%
Operating Margin	1.75%	8.76%	6.10%	6.35%	12.44%	9.10%	9.40%	9.57%	11.33%	13.08%	8.50%
EBIT Margin	-2.35%	10.19%	6.61%	4.51%	12.42%	12.00%	7.65%	12.82%	16.00%	12.28%	7.74%
Profit (Net Income) Margin	-0.51%	1.29%	-2.40%	1.97%	7.84%	7.75%	8.99%	7.81%	8.44%	13.36%	4.95%
Tax Burden Percent	10.33%	16.10%	-60.04%	72.56%	75.30%	77.12%	168.84%	72.89%	60.85%	129.80%	86.06%
Interest Burden Percent	211.22%	78.30%	60.39%	60.10%	83.79%	83.71%	69.56%	83.59%	86.72%	83.77%	74.32%
Effective Tax Rate	0.00%	83.90%	160.04%	27.44%	24.70%	22.88%	-68.84%	27.11%	39.15%	-29.80%	13.94%
Return on Invested Capital (ROIC)	1.18%	1.39%	-3.56%	4.43%	9.25%	6.96%	15.60%	6.65%	6.60%	16.04%	7.10%
ROIC Less NNEP Spread (ROIC-NNEP)	0.05%	1.29%	-2.76%	2.89%	8.26%	7.44%	11.42%	7.12%	7.58%	13.65%	5.51%
Return on Net Nonoperating Assets (RNNOA)	0.03%	0.71%	-1.81%	2.05%	5.57%	4.94%	7.76%	5.07%	4.91%	8.26%	3.17%
Return on Equity (ROE)	1.22%	2.10%	-5.37%	6.49%	14.82%	11.91%	23.36%	11.72%	11.51%	24.30%	10.27%
Cash Return on Invested Capital (CROIC)	-8.79%	-7.08%	-9.18%	-3.38%	-2.96%	-7.74%	0.67%	-3.40%	-2.63%	2.86%	3.52%
Operating Return on Assets (OROA)	-1.59%	6.78%	4.58%	3.15%	8.80%	8.44%	5.33%	8.96%	10.84%	8.27%	5.20%
Return on Assets (ROA)	-0.35%	0.85%	-1.66%	1.37%	5.56%	5.45%	6.26%	5.46%	5.72%	8.99%	3.33%
Return on Common Equity (ROCE)	1.22%	2.10%	-5.37%	6.49%	14.82%	11.91%	23.37%	11.72%	11.51%	24.30%	10.27%
Return on Equity Simple (ROE_SIMPLE)	0.79%	-3.86%	0.00%	0.15%	3.66%	6.12%	0.00%	12.41%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	3.90	4.77	-12	16	34	26	56	24	26	66	28
NOPAT Margin	1.22%	1.41%	-3.66%	4.61%	9.37%	7.01%	15.87%	6.98%	6.89%	16.98%	7.32%
Net Nonoperating Expense Percent (NNEP)	1.13%	0.09%	-0.81%	1.55%	0.99%	-0.47%	4.18%	-0.47%	-0.98%	2.39%	1.59%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-0.78%	-	-	-	3.17%	1.35%	1.39%	3.49%	1.46%
Cost of Revenue to Revenue	0.00%	0.00%	227.32%	0.00%	0.00%	0.00%	227.52%	55.22%	53.25%	52.35%	55.07%
SG&A Expenses to Revenue	13.97%	13.68%	78.82%	12.86%	12.49%	11.75%	79.81%	30.45%	32.53%	32.11%	31.60%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	98.66%	92.34%	-132.78%	93.65%	87.74%	91.10%	-136.13%	35.41%	35.48%	34.57%	37.03%
Earnings before Interest and Taxes (EBIT)	-7.50	34	22	15	45	44	27	45	60	47	29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	15	57	44	38	67	67	50	68	85	73	54
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.99	1.00	0.97	0.94	1.12	1.10	1.10	0.97	0.96	1.00	1.00
Price to Tangible Book Value (P/TBV)	0.99	1.00	0.97	0.94	1.12	1.10	1.10	0.97	0.96	1.00	1.00
Price to Revenue (P/Rev)	0.65	0.64	0.62	0.58	0.69	0.71	0.69	0.63	0.66	0.71	0.71
Price to Earnings (P/E)	125.97	0.00	0.00	571.81	30.57	18.03	10.36	7.83	7.96	7.30	8.21
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.79%	0.00%	0.00%	0.17%	3.27%	5.55%	9.65%	12.78%	12.56%	13.70%	12.19%
Enterprise Value to Invested Capital (EV/IC)	0.99	1.00	0.98	0.96	1.07	1.06	1.06	0.98	0.98	1.00	1.00
Enterprise Value to Revenue (EV/Rev)	1.08	1.06	1.05	1.02	1.12	1.14	1.12	1.09	1.07	1.10	1.06
Enterprise Value to EBITDA (EV/EBITDA)	16.86	12.46	9.72	8.86	7.48	7.40	7.18	6.26	5.80	5.87	5.63
Enterprise Value to EBIT (EV/EBIT)	0.00	172.37	26.73	21.07	13.15	12.63	12.13	9.81	8.89	9.03	8.68
Enterprise Value to NOPAT (EV/NOPAT)	55.75	77.02	0.00	480.69	36.95	23.34	12.87	12.29	13.39	10.57	11.61
Enterprise Value to Operating Cash Flow (EV/OCF)	11.14	8.53	42.37	26.09	22.72	13.63	8.94	10.39	7.20	9.33	7.95
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	164.97	0.00	0.00	36.23	29.18
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.95	0.95	0.93	0.92	0.93	0.92	0.99	0.94	0.90	0.82	0.79
Long-Term Debt to Equity	0.93	0.93	0.91	0.90	0.91	0.90	0.97	0.92	0.87	0.79	0.76
Financial Leverage	0.62	0.55	0.66	0.71	0.67	0.66	0.68	0.71	0.65	0.60	0.58
Leverage Ratio	2.31	2.29	2.33	2.36	2.33	2.35	2.37	2.33	2.33	2.25	2.27
Compound Leverage Factor	4.89	1.79	1.41	1.42	1.95	1.97	1.65	1.95	2.02	1.89	1.69
Debt to Total Capital	48.64%	48.72%	48.10%	47.86%	48.08%	47.99%	49.65%	48.40%	47.29%	44.90%	44.10%
Short-Term Debt to Total Capital	0.83%	0.82%	0.84%	0.83%	0.97%	0.98%	1.05%	1.06%	1.33%	1.18%	1.47%
Long-Term Debt to Total Capital	47.80%	47.90%	47.27%	47.03%	47.10%	47.02%	48.59%	47.34%	45.96%	43.73%	42.63%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.02%	-0.02%	-0.03%	-0.03%	-0.03%	-0.02%	-0.02%	-0.02%	-0.02%	-0.02%	0.00%
Common Equity to Total Capital	51.37%	51.28%	51.91%	52.15%	51.93%	52.01%	50.36%	51.60%	52.71%	55.10%	55.89%
Debt to EBITDA	9.68	7.13	5.46	4.91	3.83	3.86	3.98	3.50	3.30	3.08	2.98
Net Debt to EBITDA	6.75	4.97	4.01	3.84	2.84	2.79	2.74	2.63	2.25	2.08	1.85
Long-Term Debt to EBITDA	9.52	7.01	5.37	4.82	3.75	3.78	3.89	3.43	3.20	3.00	2.88
Debt to NOPAT	32.01	44.10	-32.69	266.24	18.92	12.16	7.13	6.88	7.62	5.55	6.15
Net Debt to NOPAT	22.31	30.71	-23.97	208.52	14.05	8.80	4.91	5.17	5.21	3.75	3.82
Long-Term Debt to NOPAT	31.46	43.36	-32.12	261.60	18.53	11.91	6.98	6.73	7.40	5.40	5.95
Altman Z-Score	1.41	1.47	1.45	1.45	1.61	1.58	1.56	1.54	1.54	1.65	1.63
Noncontrolling Interest Sharing Ratio	-0.01%	-0.03%	-0.04%	-0.01%	-0.01%	-0.01%	-0.02%	-0.02%	-0.01%	-0.01%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.83	1.71	1.82	1.73	1.86	1.83	1.90	1.84	1.81	1.91	1.90
Quick Ratio	1.42	1.31	1.34	1.24	1.37	1.34	1.41	1.33	1.29	1.35	1.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-133	-102	-111	-34	-49	-152	-58	-154	-130	-42	-54
Operating Cash Flow to CapEx	204.88%	151.22%	-49.28%	41.33%	73.26%	115.96%	65.03%	-1.16%	1,309.17%	3,914.60%	283.29%
Free Cash Flow to Firm to Interest Expense	-13.45	-10.20	-9.88	-3.61	-5.22	-15.72	-6.35	-16.18	-12.91	-4.24	-5.20
Operating Cash Flow to Interest Expense	1.84	1.67	-0.84	2.82	3.59	6.83	5.63	-0.06	9.87	2.31	7.37
Operating Cash Flow Less CapEx to Interest Expense	0.94	0.57	-2.55	-4.00	-1.31	0.94	-3.03	-5.55	9.12	2.26	4.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.67	0.69	0.70	0.71	0.70	0.70	0.70	0.68	0.67	0.67
Accounts Receivable Turnover	6.07	6.30	5.77	6.01	6.19	6.19	6.34	5.85	6.20	6.28	6.95
Inventory Turnover	0.00	0.00	8.45	0.00	0.00	0.00	7.50	7.10	6.75	6.46	6.50
Fixed Asset Turnover	1.41	1.36	1.41	1.43	1.46	1.45	1.41	1.37	1.35	1.34	1.34
Accounts Payable Turnover	0.00	0.00	8.66	0.00	0.00	0.00	9.39	8.59	8.35	8.68	9.47
Days Sales Outstanding (DSO)	60.09	57.93	63.26	60.74	58.96	59.01	57.53	62.43	58.83	58.13	52.49
Days Inventory Outstanding (DIO)	0.00	0.00	43.18	0.00	0.00	0.00	48.64	51.39	54.10	56.46	56.12
Days Payable Outstanding (DPO)	0.00	0.00	42.17	0.00	0.00	0.00	38.88	42.48	43.71	42.04	38.53
Cash Conversion Cycle (CCC)	60.09	57.93	64.27	60.74	58.96	59.01	67.29	71.34	69.22	72.55	70.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,349	1,321	1,383	1,410	1,432	1,499	1,496	1,588	1,588	1,607	1,578
Invested Capital Turnover	0.97	0.98	0.97	0.96	0.99	0.99	0.98	0.95	0.96	0.94	0.97
Increase / (Decrease) in Invested Capital	137	107	99	50	83	177	114	178	156	108	82
Enterprise Value (EV)	1,341	1,320	1,357	1,359	1,535	1,592	1,587	1,560	1,552	1,610	1,577
Market Capitalization	805	794	799	770	952	993	982	904	949	1,040	1,059
Book Value per Share	$29.03	$28.22	$29.15	$28.97	$29.89	$31.41	$31.14	$32.53	$34.20	$35.96	$36.63
Tangible Book Value per Share	$29.03	$28.22	$29.15	$28.97	$29.89	$31.41	$31.14	$32.53	$34.20	$35.96	$36.63
Total Capital	1,583	1,551	1,586	1,573	1,634	1,728	1,770	1,805	1,867	1,881	1,896
Total Debt	770	756	763	753	786	829	879	874	883	844	836
Total Long-Term Debt	757	743	750	740	770	813	860	855	858	822	808
Net Debt	536	526	559	590	583	600	605	657	604	570	519
Capital Expenditures (CapEx)	8.89	11	19	65	46	57	79	52	7.57	0.59	27
Debt-free, Cash-free Net Working Capital (DFCFNWC)	41	35	83	91	99	78	61	106	68	94	63
Debt-free Net Working Capital (DFNWC)	257	245	267	234	280	287	312	300	324	345	357
Net Working Capital (NWC)	244	232	254	221	264	270	294	280	299	323	329
Net Nonoperating Expense (NNE)	5.54	0.42	-4.27	8.90	5.52	-2.67	24	-2.93	-5.83	14	8.93
Net Nonoperating Obligations (NNO)	536	526	559	590	583	600	605	657	604	570	519
Total Depreciation and Amortization (D&A)	23	22	21	22	22	23	23	23	25	26	25
Debt-free, Cash-free Net Working Capital to Revenue	3.30%	2.81%	6.43%	6.85%	7.18%	5.61%	4.30%	7.39%	4.70%	6.44%	4.25%
Debt-free Net Working Capital to Revenue	20.70%	19.61%	20.58%	17.57%	20.42%	20.50%	22.05%	20.96%	22.40%	23.53%	23.95%
Net Working Capital to Revenue	19.64%	18.59%	19.56%	16.59%	19.26%	19.30%	20.74%	19.62%	20.69%	22.02%	22.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.06)	$0.15	($0.28)	$0.23	$0.99	$0.99	$1.11	$0.95	$1.10	$1.79	$0.63
Adjusted Weighted Average Basic Shares Outstanding	28.06M	28.22M	28.14M	28.33M	28.48M	28.62M	28.52M	28.67M	28.82M	28.87M	28.86M
Adjusted Diluted Earnings per Share	($0.06)	$0.15	($0.28)	$0.23	$0.96	$0.95	$1.07	$0.92	$1.07	$1.72	$0.61
Adjusted Weighted Average Diluted Shares Outstanding	28.06M	28.96M	28.14M	29.24M	29.46M	29.72M	29.55M	29.87M	29.79M	29.93M	29.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	28.18M	28.25M	28.32M	28.39M	28.62M	28.63M	28.63M	28.78M	28.81M	28.92M	29.19M
Normalized Net Operating Profit after Tax (NOPAT)	6.59	20	15	16	34	26	23	25	22	30	29
Normalized NOPAT Margin	2.06%	6.04%	4.37%	4.63%	9.42%	7.15%	6.59%	7.09%	5.89%	7.66%	7.80%
Pre Tax Income Margin	-4.96%	7.98%	3.99%	2.71%	10.41%	10.04%	5.32%	10.72%	13.87%	10.29%	5.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.76	3.44	1.98	1.61	4.76	4.53	2.98	4.74	6.00	4.76	2.80
NOPAT to Interest Expense	0.40	0.48	-1.10	1.64	3.59	2.65	6.19	2.58	2.59	6.58	2.65
EBIT Less CapEx to Interest Expense	-1.66	2.34	0.27	-5.21	-0.14	-1.36	-5.68	-0.75	5.25	4.70	0.20
NOPAT Less CapEx to Interest Expense	-0.51	-0.63	-2.81	-5.18	-1.30	-3.24	-2.47	-2.91	1.83	6.53	0.04
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	621.62%	-104.16%	-39.21%	270.33%	13.78%	7.37%	4.27%	4.79%	7.24%	6.41%	11.75%

Financials Breakdown Chart

Key Financial Trends

Data mismatch note: The JSON data you provided appears to be for Bristow Group Inc. (VTOL), not Era Group (ERA). Because I will be analyzing Era Group’s financial statements (ERA) over the last four years, I don’t currently have ERA’s quarterly income statements, cash flow statements, and balance sheets to assess trends.

To proceed with a proper ERA analysis, please share Era Group’s four-year, quarterly financials (income statement, balance sheet, and cash flow) in a similar JSON format. Once I have ERA’s data, I will deliver:

A concise overview of ERA’s revenue, profitability, and cash flow trends over the last four years, highlighting material shifts or turning points.
A bulleted list of up to 10 key factors that may affect ERA’s stock, categorized as positive, neutral, or negative. Positive items will be shown first, followed by neutral, then negative items.
Context on balance sheet leverage and liquidity, including debt levels and coverage ratios, to help assess financial risk.

Please resend ERA’s data (Q4 2025 through Q1 2022 or the most complete four-year window you have). I’ll then generate the ERA-focused HTML summary with the requested formatting. If you’d like, I can also include a separate, clearly labeled section analyzing the Bristow Group VTOL data you provided for comparison, but only after confirming you want that alongside ERA analysis.

05/05/26 08:31 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Bristow Group's Financials

When does Bristow Group's fiscal year end?

According to the most recent income statement we have on file, Bristow Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Bristow Group's net income changed over the last 10 years?

Bristow Group's net income appears to be on a downward trend, with a most recent value of $129.43 million in 2025, rising from $17.02 million in 2014. The previous period was $94.87 million in 2024. See Bristow Group's forecast for analyst expectations on whatâ€™s next for the company.

What is Bristow Group's operating income?

Bristow Group's total operating income in 2025 was $158.81 million, based on the following breakdown:

Total Gross Profit: $686.54 million
Total Operating Expenses: $530.91 million

How has Bristow Group's revenue changed over the last 10 years?

Over the last 10 years, Bristow Group's total revenue changed from $331.22 million in 2014 to $1.49 billion in 2025, a change of 350.0%.

How much debt does Bristow Group have?

Bristow Group's total liabilities were at $1.25 billion at the end of 2025, a 1.4% increase from 2024, and a 124.8% increase since 2014.

How much cash does Bristow Group have?

In the past 10 years, Bristow Group's cash and equivalents has ranged from $13.58 million in 2017 to $286.21 million in 2025, and is currently $286.21 million as of their latest financial filing in 2025.

How has Bristow Group's book value per share changed over the last 10 years?

Over the last 10 years, Bristow Group's book value per share changed from 22.61 in 2014 to 36.63 in 2025, a change of 62.0%.

Related Companies

Financial statements for NYSE:VTOL last updated on 3/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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