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Side-by-side financial comparison of Bandwidth Inc. (BAND) 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 $208.8M, roughly 1.8× Bandwidth 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, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 6.7%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $-1.0M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs 5.8%).

Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.

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.

BAND vs VTOL — Head-to-Head

Bigger by revenue
VTOL
VTOL
1.8× larger
VTOL
$377.3M
$208.8M
BAND
Growing faster (revenue YoY)
BAND
BAND
+13.4% gap
BAND
20.1%
6.7%
VTOL
Higher net margin
VTOL
VTOL
3.0% more per $
VTOL
4.9%
1.9%
BAND
More free cash flow
VTOL
VTOL
$48.8M more FCF
VTOL
$47.8M
$-1.0M
BAND
Faster 2-yr revenue CAGR
BAND
BAND
Annualised
BAND
9.7%
5.8%
VTOL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BAND
BAND
VTOL
VTOL
Revenue
$208.8M
$377.3M
Net Profit
$4.0M
$18.4M
Gross Margin
37.3%
Operating Margin
60.5%
8.5%
Net Margin
1.9%
4.9%
Revenue YoY
20.1%
6.7%
Net Profit YoY
200.0%
-42.1%
EPS (diluted)
$-0.08
$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
BAND
BAND
VTOL
VTOL
Q1 26
$208.8M
Q4 25
$207.7M
$377.3M
Q3 25
$191.9M
$386.3M
Q2 25
$180.0M
$376.4M
Q1 25
$174.2M
$350.5M
Q4 24
$210.0M
$353.5M
Q3 24
$193.9M
$365.1M
Q2 24
$173.6M
$359.7M
Net Profit
BAND
BAND
VTOL
VTOL
Q1 26
$4.0M
Q4 25
$18.4M
Q3 25
$-1.2M
$51.5M
Q2 25
$-4.9M
$31.7M
Q1 25
$-3.7M
$27.4M
Q4 24
$31.8M
Q3 24
$413.0K
$28.2M
Q2 24
$4.1M
$28.2M
Gross Margin
BAND
BAND
VTOL
VTOL
Q1 26
37.3%
Q4 25
37.6%
Q3 25
38.5%
Q2 25
39.8%
Q1 25
41.0%
Q4 24
36.4%
Q3 24
37.7%
Q2 24
37.3%
Operating Margin
BAND
BAND
VTOL
VTOL
Q1 26
60.5%
Q4 25
-1.9%
8.5%
Q3 25
-1.0%
13.1%
Q2 25
-2.1%
11.3%
Q1 25
-2.7%
9.6%
Q4 24
-1.3%
9.0%
Q3 24
-0.5%
9.1%
Q2 24
-3.5%
12.4%
Net Margin
BAND
BAND
VTOL
VTOL
Q1 26
1.9%
Q4 25
4.9%
Q3 25
-0.6%
13.3%
Q2 25
-2.7%
8.4%
Q1 25
-2.1%
7.8%
Q4 24
9.0%
Q3 24
0.2%
7.7%
Q2 24
2.3%
7.8%
EPS (diluted)
BAND
BAND
VTOL
VTOL
Q1 26
$-0.08
Q4 25
$-0.10
$0.61
Q3 25
$-0.04
$1.72
Q2 25
$-0.16
$1.07
Q1 25
$-0.13
$0.92
Q4 24
$0.27
$1.07
Q3 24
$0.01
$0.95
Q2 24
$-0.17
$0.96

Balance Sheet & Financial Strength

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

Metric
BAND
BAND
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$47.3M
$286.2M
Total DebtLower is stronger
$671.5M
Stockholders' EquityBook value
$405.7M
$1.1B
Total Assets
$984.2M
$2.3B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAND
BAND
VTOL
VTOL
Q1 26
$47.3M
Q4 25
$111.3M
$286.2M
Q3 25
$80.4M
$245.5M
Q2 25
$68.1M
$251.8M
Q1 25
$41.7M
$191.1M
Q4 24
$83.8M
$247.5M
Q3 24
$79.9M
$200.3M
Q2 24
$76.4M
$178.6M
Total Debt
BAND
BAND
VTOL
VTOL
Q1 26
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
Stockholders' Equity
BAND
BAND
VTOL
VTOL
Q1 26
$405.7M
Q4 25
$400.0M
$1.1B
Q3 25
$392.7M
$1.0B
Q2 25
$384.5M
$984.4M
Q1 25
$345.4M
$931.7M
Q4 24
$312.5M
$891.7M
Q3 24
$336.6M
$899.2M
Q2 24
$307.4M
$849.1M
Total Assets
BAND
BAND
VTOL
VTOL
Q1 26
$984.2M
Q4 25
$1.1B
$2.3B
Q3 25
$1.0B
$2.3B
Q2 25
$1.0B
$2.3B
Q1 25
$964.4M
$2.2B
Q4 24
$989.2M
$2.1B
Q3 24
$1.0B
$2.1B
Q2 24
$1.0B
$2.0B
Debt / Equity
BAND
BAND
VTOL
VTOL
Q1 26
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×

Cash Flow & Capital Efficiency

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

Metric
BAND
BAND
VTOL
VTOL
Operating Cash FlowLast quarter
$76.9M
Free Cash FlowOCF − Capex
$-1.0M
$47.8M
FCF MarginFCF / Revenue
-0.5%
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
BAND
BAND
VTOL
VTOL
Q1 26
Q4 25
$38.6M
$76.9M
Q3 25
$22.2M
$23.1M
Q2 25
$31.7M
$99.0M
Q1 25
$-3.1M
$-603.0K
Q4 24
$36.5M
$51.1M
Q3 24
$20.5M
$66.0M
Q2 24
$24.4M
$33.7M
Free Cash Flow
BAND
BAND
VTOL
VTOL
Q1 26
$-1.0M
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
FCF Margin
BAND
BAND
VTOL
VTOL
Q1 26
-0.5%
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%
Capex Intensity
BAND
BAND
VTOL
VTOL
Q1 26
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%
Cash Conversion
BAND
BAND
VTOL
VTOL
Q1 26
Q4 25
4.17×
Q3 25
0.45×
Q2 25
3.12×
Q1 25
-0.02×
Q4 24
1.61×
Q3 24
49.55×
2.34×
Q2 24
6.03×
1.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BAND
BAND

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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