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Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
American Healthcare REIT, Inc. is the larger business by last-quarter revenue ($564.0M vs $377.3M, roughly 1.5× Bristow Group Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs 1.9%, a 3.0% gap on every dollar of revenue. On growth, American Healthcare REIT, Inc. posted the faster year-over-year revenue change (13.5% vs 6.7%). Over the past eight quarters, American Healthcare REIT, Inc.'s revenue compounded faster (11.7% CAGR vs 5.8%).
Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...
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.
AHR vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $564.0M | $377.3M |
| Net Profit | $10.8M | $18.4M |
| Gross Margin | 14.8% | — |
| Operating Margin | 19.8% | 8.5% |
| Net Margin | 1.9% | 4.9% |
| Revenue YoY | 13.5% | 6.7% |
| Net Profit YoY | 133.9% | -42.1% |
| EPS (diluted) | $0.07 | $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.
| Q4 25 | $564.0M | $377.3M | ||
| Q3 25 | $532.1M | $386.3M | ||
| Q2 25 | $501.3M | $376.4M | ||
| Q1 25 | $497.2M | $350.5M | ||
| Q4 24 | $496.8M | $353.5M | ||
| Q3 24 | $476.8M | $365.1M | ||
| Q2 24 | $458.0M | $359.7M | ||
| Q1 24 | $452.1M | $337.1M |
| Q4 25 | $10.8M | $18.4M | ||
| Q3 25 | $55.9M | $51.5M | ||
| Q2 25 | $9.9M | $31.7M | ||
| Q1 25 | $-6.8M | $27.4M | ||
| Q4 24 | $-31.8M | $31.8M | ||
| Q3 24 | $-4.1M | $28.2M | ||
| Q2 24 | $2.0M | $28.2M | ||
| Q1 24 | $-3.9M | $6.6M |
| Q4 25 | 14.8% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 13.0% | — | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 12.5% | — | ||
| Q2 24 | 12.1% | — | ||
| Q1 24 | 10.7% | — |
| Q4 25 | 19.8% | 8.5% | ||
| Q3 25 | 19.9% | 13.1% | ||
| Q2 25 | 20.6% | 11.3% | ||
| Q1 25 | 19.0% | 9.6% | ||
| Q4 24 | 20.0% | 9.0% | ||
| Q3 24 | 19.6% | 9.1% | ||
| Q2 24 | 19.4% | 12.4% | ||
| Q1 24 | 18.2% | 6.8% |
| Q4 25 | 1.9% | 4.9% | ||
| Q3 25 | 10.5% | 13.3% | ||
| Q2 25 | 2.0% | 8.4% | ||
| Q1 25 | -1.4% | 7.8% | ||
| Q4 24 | -6.4% | 9.0% | ||
| Q3 24 | -0.9% | 7.7% | ||
| Q2 24 | 0.4% | 7.8% | ||
| Q1 24 | -0.9% | 2.0% |
| Q4 25 | $0.07 | $0.61 | ||
| Q3 25 | $0.33 | $1.72 | ||
| Q2 25 | $0.06 | $1.07 | ||
| Q1 25 | $-0.04 | $0.92 | ||
| Q4 24 | $-0.23 | $1.07 | ||
| Q3 24 | $-0.03 | $0.95 | ||
| Q2 24 | $0.01 | $0.96 | ||
| Q1 24 | $-0.04 | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $114.8M | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $3.3B | $1.1B |
| Total Assets | $5.4B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.8M | $286.2M | ||
| Q3 25 | $147.4M | $245.5M | ||
| Q2 25 | $133.5M | $251.8M | ||
| Q1 25 | $86.1M | $191.1M | ||
| Q4 24 | $76.7M | $247.5M | ||
| Q3 24 | $67.8M | $200.3M | ||
| Q2 24 | $52.1M | $178.6M | ||
| Q1 24 | $77.0M | $140.6M |
| Q4 25 | — | $671.5M | ||
| Q3 25 | — | $675.0M | ||
| Q2 25 | — | $705.2M | ||
| Q1 25 | — | $701.9M | ||
| Q4 24 | — | $689.8M | ||
| Q3 24 | — | $629.1M | ||
| Q2 24 | — | $594.2M | ||
| Q1 24 | — | $544.1M |
| Q4 25 | $3.3B | $1.1B | ||
| Q3 25 | $2.7B | $1.0B | ||
| Q2 25 | $2.4B | $984.4M | ||
| Q1 25 | $2.3B | $931.7M | ||
| Q4 24 | $2.3B | $891.7M | ||
| Q3 24 | $2.2B | $899.2M | ||
| Q2 24 | $1.9B | $849.1M | ||
| Q1 24 | $2.0B | $820.7M |
| Q4 25 | $5.4B | $2.3B | ||
| Q3 25 | $4.8B | $2.3B | ||
| Q2 25 | $4.5B | $2.3B | ||
| Q1 25 | $4.5B | $2.2B | ||
| Q4 24 | $4.5B | $2.1B | ||
| Q3 24 | $4.7B | $2.1B | ||
| Q2 24 | $4.6B | $2.0B | ||
| Q1 24 | $4.7B | $1.9B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.77× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $55.2M | $76.9M |
| Free Cash FlowOCF − Capex | — | $47.8M |
| FCF MarginFCF / Revenue | — | 12.7% |
| Capex IntensityCapex / Revenue | — | 7.7% |
| Cash ConversionOCF / Net Profit | 5.12× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.2M | $76.9M | ||
| Q3 25 | $107.2M | $23.1M | ||
| Q2 25 | $71.5M | $99.0M | ||
| Q1 25 | $60.6M | $-603.0K | ||
| Q4 24 | $59.5M | $51.1M | ||
| Q3 24 | $63.1M | $66.0M | ||
| Q2 24 | $59.4M | $33.7M | ||
| Q1 24 | $-6.0M | $26.7M |
| 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 |
| 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% |
| 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% |
| Q4 25 | 5.12× | 4.17× | ||
| Q3 25 | 1.92× | 0.45× | ||
| Q2 25 | 7.21× | 3.12× | ||
| Q1 25 | — | -0.02× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | 30.02× | 1.20× | ||
| Q1 24 | — | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHR
| Integrated Senior Health Campuses | $467.0M | 83% |
| SHOP | $97.0M | 17% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
