VTOL
Bristow Group Inc.
VTOL's fundamentals are mixed, but it looks expensive: trading at 15x earnings, above its usual 13x. Analysts expect earnings growth.
VTOL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Stable | |
| Stable |
VTOL's revenue is currently healthy, and its profitability, cash flow and balance sheet are stable.
VTOL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.5x | $22.81 | -44% |
| Forward | 9.7x | $40.69 | — |
| Fair | 12x | $33.37 | -18% |
| Current | 15x | $40.69 | — |
| Expensive | 47x | $126 | +209% |
Historical ranges are pointers, not guarantees.
VTOL's PE is in its fair range at 15x. If earnings grow as analysts expect, today's price would be 9.7x next year's earnings, in its cheap range.
VTOL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for VTOL, with profitability holding steady.
VTOL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.20 | +57% |
| Q3 2026 | $2.68 | -44% |
| Q2 2026 | $3.47 | -13% |
| Q1 2026 | $3.84 | -1.5% |
| Q4 2025 | $4.32 | +35% |
| Q3 2025 | $4.78 | +157% |
| Q2 2025 | $4.01 | +278% |
| Q1 2025 | $3.90 | +9650% |
| Q4 2024 | $3.21 | +$3.45 |
VTOL's earnings per share have fallen from their peak: $2.68 over the past year, against $4.78 in late 2025.
VTOL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $437.9M | +13% |
| Q2 2026 | $411.8M | +9.4% |
| Q1 2026 | $388.7M | +11% |
| Q4 2025 | $377.3M | +6.7% |
| Q3 2025 | $386.3M | +5.8% |
| Q2 2025 | $376.4M | +4.6% |
| Q1 2025 | $350.5M | +4% |
| Q4 2024 | $353.5M | +4.6% |
VTOL's revenue has grown year over year for 18 quarters in a row: $438M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | -2.2 points |
| Q2 2026 | 9.6% | -1.7 points |
| Q1 2026 | 8.9% | -0.7 points |
| Q4 2025 | 8.5% | -0.1 points |
| Q3 2025 | 13% | +4 points |
| Q2 2025 | 11% | -1 points |
| Q1 2025 | 9.6% | +3.2 points |
| Q4 2024 | 8.6% | +3.1 points |
VTOL's operating margin was 11% last quarter, down 2.2 points from the same quarter a year ago.
VTOL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $40.3M | +$46.5M |
| Q2 2026 | -$26.3M | -139% |
| Q1 2026 | -$49.6M | +$3.1M |
| Q4 2025 | $47.8M | +$80.2M |
| Q3 2025 | -$6.2M | -168% |
| Q2 2025 | $67.4M | +$84.1M |
| Q1 2025 | -$52.7M | -$14.8M |
| Q4 2024 | -$32.4M | -$3.6M |
VTOL's free cash flow has turned positive after four years mostly in the red: $12M over the past year.
VTOL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -159K shares |
| 1 year | -0.3% | -80K shares |
| 3 years | +3.1% | +893K shares |
| 5 years | +4.1% | +1.2M shares |
| Available history | +326% | +22.8M shares |
VTOL has 30M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $25.1M |
| Q2 2026 | $8,000 |
| Q1 2026 | $11M |
| Q4 2025 | $6.1M |
| Q3 2025 | $641,000 |
| Q2 2025 | $6M |
| Q1 2025 | $2.5M |
| Q4 2024 | — |
VTOL spent $42M buying back its own shares over the past year, about five times what it spent the year before.
VTOL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.0x | Healthy |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 1.7x | Healthy |
| Q4 2025 | 1.7x | Healthy |
| Q3 2025 | 1.9x | Healthy |
| Q2 2025 | 2.2x | Moderate |
| Q1 2025 | 2.4x | Moderate |
| Q4 2024 | 2.2x | Moderate |
VTOL's net debt is about 2.0 years of its operating earnings (EBITDA), about the same as a year ago.
VTOL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.7 | Neutral |
| Stochastic | 32.4 | Neutral |
VTOL's weekly RSI is 47 (neutral) and its Stochastic is 32 (neutral).
VTOL PE vs Energy Sector
| Metric | VTOL | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 16% above |
| PE % | 52 | 61 | 9 pts below |
VTOL is trading at 15x earnings, a 16% premium to the Energy sector's median of 13x.
VTOL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $40.4 | 0.8% above |
| 20 week MA | $42.6 | 4.5% below |
| 50 week MA | $42.9 | 5.2% below |
| 100 week MA | $38.7 | 5.1% above |
| 200 week MA | $34.1 | 19% above |
VTOL's trend is mixed: it's above three of its five weekly moving averages, and 19% above its 200-week average.
VTOL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $30.0 | $26.6 | -11% |
| 2021 | $26.6 | $31.4 | +18% |
| 2022 | $31.4 | $25.2 | -20% |
| 2023 | $25.2 | $28.3 | +12% |
| 2024 | $28.3 | $33.2 | +18% |
| 2025 | $33.2 | $36.6 | +10% |
| 2026 YTD | $36.6 | $40.7 | +11% |
VTOL has finished higher in four of the last six years. It's up 11% so far in 2026.