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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) 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 $259.0M, roughly 1.5× ASHFORD HOSPITALITY TRUST INC). Bristow Group Inc. runs the higher net margin — 4.9% vs -26.8%, a 31.7% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs -6.0%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $-86.8M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs -7.7%).
Ashford Hospitality Trust Inc is a U.S.-headquartered real estate investment trust focused on upper-upscale full-service hotel properties across key U.S. urban, suburban and resort markets. Its portfolio holds assets under top global hospitality brands, serving business and leisure travelers, with a focus on long-term value growth and stable shareholder returns.
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.
AHT vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $377.3M |
| Net Profit | $-69.3M | $18.4M |
| Gross Margin | — | — |
| Operating Margin | -2.6% | 8.5% |
| Net Margin | -26.8% | 4.9% |
| Revenue YoY | -6.0% | 6.7% |
| Net Profit YoY | 44.2% | -42.1% |
| EPS (diluted) | $-12.85 | $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 | $259.0M | $377.3M | ||
| Q3 25 | $266.1M | $386.3M | ||
| Q2 25 | $302.0M | $376.4M | ||
| Q1 25 | $277.4M | $350.5M | ||
| Q4 24 | $275.5M | $353.5M | ||
| Q3 24 | $276.6M | $365.1M | ||
| Q2 24 | $316.5M | $359.7M | ||
| Q1 24 | $303.9M | $337.1M |
| Q4 25 | $-69.3M | $18.4M | ||
| Q3 25 | $-60.1M | $51.5M | ||
| Q2 25 | $-30.4M | $31.7M | ||
| Q1 25 | $-20.0M | $27.4M | ||
| Q4 24 | $-124.2M | $31.8M | ||
| Q3 24 | $-57.9M | $28.2M | ||
| Q2 24 | $50.3M | $28.2M | ||
| Q1 24 | $71.6M | $6.6M |
| Q4 25 | -2.6% | 8.5% | ||
| Q3 25 | 4.6% | 13.1% | ||
| Q2 25 | 16.3% | 11.3% | ||
| Q1 25 | 22.2% | 9.6% | ||
| Q4 24 | -17.8% | 9.0% | ||
| Q3 24 | 7.3% | 9.1% | ||
| Q2 24 | 42.8% | 12.4% | ||
| Q1 24 | 50.2% | 6.8% |
| Q4 25 | -26.8% | 4.9% | ||
| Q3 25 | -22.6% | 13.3% | ||
| Q2 25 | -10.1% | 8.4% | ||
| Q1 25 | -7.2% | 7.8% | ||
| Q4 24 | -45.1% | 9.0% | ||
| Q3 24 | -20.9% | 7.7% | ||
| Q2 24 | 15.9% | 7.8% | ||
| Q1 24 | 23.5% | 2.0% |
| Q4 25 | $-12.85 | $0.61 | ||
| Q3 25 | $-11.35 | $1.72 | ||
| Q2 25 | $-6.88 | $1.07 | ||
| Q1 25 | $-4.91 | $0.92 | ||
| Q4 24 | $-13.64 | $1.07 | ||
| Q3 24 | $-12.39 | $0.95 | ||
| Q2 24 | $2.50 | $0.96 | ||
| Q1 24 | $5.99 | $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 | $66.1M | $286.2M |
| Total DebtLower is stronger | $2.5B | $671.5M |
| Stockholders' EquityBook value | $-626.4M | $1.1B |
| Total Assets | $2.8B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $286.2M | ||
| Q3 25 | $81.9M | $245.5M | ||
| Q2 25 | $100.0M | $251.8M | ||
| Q1 25 | $85.8M | $191.1M | ||
| Q4 24 | $112.9M | $247.5M | ||
| Q3 24 | $119.7M | $200.3M | ||
| Q2 24 | $121.8M | $178.6M | ||
| Q1 24 | $111.1M | $140.6M |
| Q4 25 | $2.5B | $671.5M | ||
| Q3 25 | $2.6B | $675.0M | ||
| Q2 25 | $2.6B | $705.2M | ||
| Q1 25 | $2.7B | $701.9M | ||
| Q4 24 | $2.6B | $689.8M | ||
| Q3 24 | $2.7B | $629.1M | ||
| Q2 24 | $2.8B | $594.2M | ||
| Q1 24 | $2.9B | $544.1M |
| Q4 25 | $-626.4M | $1.1B | ||
| Q3 25 | $-548.7M | $1.0B | ||
| Q2 25 | $-485.5M | $984.4M | ||
| Q1 25 | $-446.1M | $931.7M | ||
| Q4 24 | $-419.2M | $891.7M | ||
| Q3 24 | $-288.4M | $899.2M | ||
| Q2 24 | $-225.9M | $849.1M | ||
| Q1 24 | $-276.8M | $820.7M |
| Q4 25 | $2.8B | $2.3B | ||
| Q3 25 | $3.0B | $2.3B | ||
| Q2 25 | $3.1B | $2.3B | ||
| Q1 25 | $3.1B | $2.2B | ||
| Q4 24 | $3.2B | $2.1B | ||
| Q3 24 | $3.3B | $2.1B | ||
| Q2 24 | $3.3B | $2.0B | ||
| Q1 24 | $3.5B | $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 | $-15.7M | $76.9M |
| Free Cash FlowOCF − Capex | $-86.8M | $47.8M |
| FCF MarginFCF / Revenue | -33.5% | 12.7% |
| Capex IntensityCapex / Revenue | 27.5% | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $76.9M | ||
| Q3 25 | $5.5M | $23.1M | ||
| Q2 25 | $16.3M | $99.0M | ||
| Q1 25 | $-25.0M | $-603.0K | ||
| Q4 24 | $-23.6M | $51.1M | ||
| Q3 24 | $795.0K | $66.0M | ||
| Q2 24 | $8.0M | $33.7M | ||
| Q1 24 | $-46.5M | $26.7M |
| Q4 25 | $-86.8M | $47.8M | ||
| Q3 25 | $-226.0K | $-6.2M | ||
| Q2 25 | $-3.6M | $67.4M | ||
| Q1 25 | $-44.8M | $-52.7M | ||
| Q4 24 | $-131.6M | $-32.4M | ||
| Q3 24 | $-21.8M | $9.0M | ||
| Q2 24 | $-22.9M | $-16.7M | ||
| Q1 24 | $-80.4M | $-37.9M |
| Q4 25 | -33.5% | 12.7% | ||
| Q3 25 | -0.1% | -1.6% | ||
| Q2 25 | -1.2% | 17.9% | ||
| Q1 25 | -16.2% | -15.0% | ||
| Q4 24 | -47.8% | -9.2% | ||
| Q3 24 | -7.9% | 2.5% | ||
| Q2 24 | -7.2% | -4.6% | ||
| Q1 24 | -26.5% | -11.2% |
| Q4 25 | 27.5% | 7.7% | ||
| Q3 25 | 2.1% | 7.6% | ||
| Q2 25 | 6.6% | 8.4% | ||
| Q1 25 | 7.2% | 14.9% | ||
| Q4 24 | 39.2% | 23.6% | ||
| Q3 24 | 8.2% | 15.6% | ||
| Q2 24 | 9.8% | 14.0% | ||
| Q1 24 | 11.2% | 19.2% |
| 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 | 0.16× | 1.20× | ||
| Q1 24 | -0.65× | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHT
| Occupancy | $190.2M | 73% |
| Food And Beverage | $51.8M | 20% |
| Hotel Other | $16.6M | 6% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
