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Side-by-side financial comparison of Enact Holdings, Inc. (ACT) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.

Bristow Group Inc. is the larger business by last-quarter revenue ($377.3M vs $312.7M, roughly 1.2× Enact Holdings, Inc.). On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs 3.6%). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs 3.6%).

Enact Holdings, Inc. is a leading U.S.-based private mortgage insurance provider. It delivers risk mitigation solutions to residential mortgage lenders, banks, and credit unions, enabling borrowers with smaller down payments to access affordable home financing, and supports sustainable homeownership for diverse consumer groups across the United States.

Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.

ACT vs VTOL — Head-to-Head

Bigger by revenue
VTOL
VTOL
1.2× larger
VTOL
$377.3M
$312.7M
ACT
Growing faster (revenue YoY)
VTOL
VTOL
+3.1% gap
VTOL
6.7%
3.6%
ACT
Faster 2-yr revenue CAGR
VTOL
VTOL
Annualised
VTOL
5.8%
3.6%
ACT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACT
ACT
VTOL
VTOL
Revenue
$312.7M
$377.3M
Net Profit
$18.4M
Gross Margin
Operating Margin
71.3%
8.5%
Net Margin
4.9%
Revenue YoY
3.6%
6.7%
Net Profit YoY
-42.1%
EPS (diluted)
$1.23
$0.61

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACT
ACT
VTOL
VTOL
Q4 25
$312.7M
$377.3M
Q3 25
$311.5M
$386.3M
Q2 25
$304.9M
$376.4M
Q1 25
$306.8M
$350.5M
Q4 24
$301.8M
$353.5M
Q3 24
$309.6M
$365.1M
Q2 24
$298.8M
$359.7M
Q1 24
$291.6M
$337.1M
Net Profit
ACT
ACT
VTOL
VTOL
Q4 25
$18.4M
Q3 25
$51.5M
Q2 25
$31.7M
Q1 25
$27.4M
Q4 24
$31.8M
Q3 24
$28.2M
Q2 24
$28.2M
Q1 24
$6.6M
Operating Margin
ACT
ACT
VTOL
VTOL
Q4 25
71.3%
8.5%
Q3 25
67.4%
13.1%
Q2 25
70.4%
11.3%
Q1 25
68.9%
9.6%
Q4 24
68.9%
9.0%
Q3 24
74.1%
9.1%
Q2 24
78.6%
12.4%
Q1 24
70.6%
6.8%
Net Margin
ACT
ACT
VTOL
VTOL
Q4 25
4.9%
Q3 25
13.3%
Q2 25
8.4%
Q1 25
7.8%
Q4 24
9.0%
Q3 24
7.7%
Q2 24
7.8%
Q1 24
2.0%
EPS (diluted)
ACT
ACT
VTOL
VTOL
Q4 25
$1.23
$0.61
Q3 25
$1.10
$1.72
Q2 25
$1.11
$1.07
Q1 25
$1.08
$0.92
Q4 24
$1.05
$1.07
Q3 24
$1.15
$0.95
Q2 24
$1.16
$0.96
Q1 24
$1.01
$0.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACT
ACT
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$582.5M
$286.2M
Total DebtLower is stronger
$744.5M
$671.5M
Stockholders' EquityBook value
$5.4B
$1.1B
Total Assets
$6.9B
$2.3B
Debt / EquityLower = less leverage
0.14×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACT
ACT
VTOL
VTOL
Q4 25
$582.5M
$286.2M
Q3 25
$545.6M
$245.5M
Q2 25
$616.0M
$251.8M
Q1 25
$639.0M
$191.1M
Q4 24
$602.8M
$247.5M
Q3 24
$674.9M
$200.3M
Q2 24
$711.3M
$178.6M
Q1 24
$624.3M
$140.6M
Total Debt
ACT
ACT
VTOL
VTOL
Q4 25
$744.5M
$671.5M
Q3 25
$744.1M
$675.0M
Q2 25
$743.8M
$705.2M
Q1 25
$743.4M
$701.9M
Q4 24
$743.0M
$689.8M
Q3 24
$742.7M
$629.1M
Q2 24
$742.4M
$594.2M
Q1 24
$746.1M
$544.1M
Stockholders' Equity
ACT
ACT
VTOL
VTOL
Q4 25
$5.4B
$1.1B
Q3 25
$5.3B
$1.0B
Q2 25
$5.2B
$984.4M
Q1 25
$5.1B
$931.7M
Q4 24
$5.0B
$891.7M
Q3 24
$5.0B
$899.2M
Q2 24
$4.8B
$849.1M
Q1 24
$4.7B
$820.7M
Total Assets
ACT
ACT
VTOL
VTOL
Q4 25
$6.9B
$2.3B
Q3 25
$6.9B
$2.3B
Q2 25
$6.8B
$2.3B
Q1 25
$6.7B
$2.2B
Q4 24
$6.5B
$2.1B
Q3 24
$6.6B
$2.1B
Q2 24
$6.3B
$2.0B
Q1 24
$6.3B
$1.9B
Debt / Equity
ACT
ACT
VTOL
VTOL
Q4 25
0.14×
0.63×
Q3 25
0.14×
0.65×
Q2 25
0.14×
0.72×
Q1 25
0.15×
0.75×
Q4 24
0.15×
0.77×
Q3 24
0.15×
0.70×
Q2 24
0.15×
0.70×
Q1 24
0.16×
0.66×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACT
ACT
VTOL
VTOL
Operating Cash FlowLast quarter
$724.5M
$76.9M
Free Cash FlowOCF − Capex
$47.8M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
7.7%
Cash ConversionOCF / Net Profit
4.17×
TTM Free Cash FlowTrailing 4 quarters
$56.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACT
ACT
VTOL
VTOL
Q4 25
$724.5M
$76.9M
Q3 25
$192.0M
$23.1M
Q2 25
$119.5M
$99.0M
Q1 25
$226.7M
$-603.0K
Q4 24
$686.3M
$51.1M
Q3 24
$188.1M
$66.0M
Q2 24
$144.7M
$33.7M
Q1 24
$187.3M
$26.7M
Free Cash Flow
ACT
ACT
VTOL
VTOL
Q4 25
$47.8M
Q3 25
$-6.2M
Q2 25
$67.4M
Q1 25
$-52.7M
Q4 24
$-32.4M
Q3 24
$9.0M
Q2 24
$-16.7M
Q1 24
$-37.9M
FCF Margin
ACT
ACT
VTOL
VTOL
Q4 25
12.7%
Q3 25
-1.6%
Q2 25
17.9%
Q1 25
-15.0%
Q4 24
-9.2%
Q3 24
2.5%
Q2 24
-4.6%
Q1 24
-11.2%
Capex Intensity
ACT
ACT
VTOL
VTOL
Q4 25
7.7%
Q3 25
7.6%
Q2 25
8.4%
Q1 25
14.9%
Q4 24
23.6%
Q3 24
15.6%
Q2 24
14.0%
Q1 24
19.2%
Cash Conversion
ACT
ACT
VTOL
VTOL
Q4 25
4.17×
Q3 25
0.45×
Q2 25
3.12×
Q1 25
-0.02×
Q4 24
1.61×
Q3 24
2.34×
Q2 24
1.20×
Q1 24
4.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACT
ACT

Segment breakdown not available.

VTOL
VTOL

Offshore Energy Services$247.5M66%
Government Services$100.1M27%
Other$21.9M6%
Related Party$7.8M2%

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