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Side-by-side financial comparison of CBL International Ltd (BANL) 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 $277.2M, roughly 1.4× CBL International Ltd). Bristow Group Inc. runs the higher net margin — 4.9% vs -0.6%, a 5.5% gap on every dollar of revenue.

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.

BANL vs VTOL — Head-to-Head

Bigger by revenue
VTOL
VTOL
1.4× larger
VTOL
$377.3M
$277.2M
BANL
Higher net margin
VTOL
VTOL
5.5% more per $
VTOL
4.9%
-0.6%
BANL

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BANL
BANL
VTOL
VTOL
Revenue
$277.2M
$377.3M
Net Profit
$-1.6M
$18.4M
Gross Margin
1.0%
Operating Margin
-0.5%
8.5%
Net Margin
-0.6%
4.9%
Revenue YoY
6.7%
Net Profit YoY
-42.1%
EPS (diluted)
$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
BANL
BANL
VTOL
VTOL
Q4 25
$377.3M
Q3 25
$386.3M
Q2 25
$277.2M
$376.4M
Q1 25
$350.5M
Q4 24
$592.5M
$353.5M
Q3 24
$365.1M
Q2 24
$192.0M
$359.7M
Q1 24
$337.1M
Net Profit
BANL
BANL
VTOL
VTOL
Q4 25
$18.4M
Q3 25
$51.5M
Q2 25
$-1.6M
$31.7M
Q1 25
$27.4M
Q4 24
$-3.9M
$31.8M
Q3 24
$28.2M
Q2 24
$28.2M
Q1 24
$6.6M
Gross Margin
BANL
BANL
VTOL
VTOL
Q4 25
Q3 25
Q2 25
1.0%
Q1 25
Q4 24
0.9%
Q3 24
Q2 24
2.1%
Q1 24
Operating Margin
BANL
BANL
VTOL
VTOL
Q4 25
8.5%
Q3 25
13.1%
Q2 25
-0.5%
11.3%
Q1 25
9.6%
Q4 24
-0.6%
9.0%
Q3 24
9.1%
Q2 24
12.4%
Q1 24
6.8%
Net Margin
BANL
BANL
VTOL
VTOL
Q4 25
4.9%
Q3 25
13.3%
Q2 25
-0.6%
8.4%
Q1 25
7.8%
Q4 24
-0.7%
9.0%
Q3 24
7.7%
Q2 24
7.8%
Q1 24
2.0%
EPS (diluted)
BANL
BANL
VTOL
VTOL
Q4 25
$0.61
Q3 25
$1.72
Q2 25
$1.07
Q1 25
$0.92
Q4 24
$-0.14
$1.07
Q3 24
$0.95
Q2 24
$0.96
Q1 24
$0.23

Balance Sheet & Financial Strength

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

Metric
BANL
BANL
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$286.2M
Total DebtLower is stronger
$671.5M
Stockholders' EquityBook value
$22.9M
$1.1B
Total Assets
$69.3M
$2.3B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BANL
BANL
VTOL
VTOL
Q4 25
$286.2M
Q3 25
$245.5M
Q2 25
$251.8M
Q1 25
$191.1M
Q4 24
$8.0M
$247.5M
Q3 24
$200.3M
Q2 24
$178.6M
Q1 24
$140.6M
Total Debt
BANL
BANL
VTOL
VTOL
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
Stockholders' Equity
BANL
BANL
VTOL
VTOL
Q4 25
$1.1B
Q3 25
$1.0B
Q2 25
$22.9M
$984.4M
Q1 25
$931.7M
Q4 24
$22.9M
$891.7M
Q3 24
$899.2M
Q2 24
$25.3M
$849.1M
Q1 24
$820.7M
Total Assets
BANL
BANL
VTOL
VTOL
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$69.3M
$2.3B
Q1 25
$2.2B
Q4 24
$69.3M
$2.1B
Q3 24
$2.1B
Q2 24
$53.5M
$2.0B
Q1 24
$1.9B
Debt / Equity
BANL
BANL
VTOL
VTOL
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
BANL
BANL
VTOL
VTOL
Operating Cash FlowLast quarter
$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
BANL
BANL
VTOL
VTOL
Q4 25
$76.9M
Q3 25
$23.1M
Q2 25
$99.0M
Q1 25
$-603.0K
Q4 24
$-1.9M
$51.1M
Q3 24
$66.0M
Q2 24
$33.7M
Q1 24
$26.7M
Free Cash Flow
BANL
BANL
VTOL
VTOL
Q4 25
$47.8M
Q3 25
$-6.2M
Q2 25
$67.4M
Q1 25
$-52.7M
Q4 24
$-2.1M
$-32.4M
Q3 24
$9.0M
Q2 24
$-16.7M
Q1 24
$-37.9M
FCF Margin
BANL
BANL
VTOL
VTOL
Q4 25
12.7%
Q3 25
-1.6%
Q2 25
17.9%
Q1 25
-15.0%
Q4 24
-0.4%
-9.2%
Q3 24
2.5%
Q2 24
-4.6%
Q1 24
-11.2%
Capex Intensity
BANL
BANL
VTOL
VTOL
Q4 25
7.7%
Q3 25
7.6%
Q2 25
8.4%
Q1 25
14.9%
Q4 24
0.0%
23.6%
Q3 24
15.6%
Q2 24
14.0%
Q1 24
19.2%
Cash Conversion
BANL
BANL
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

BANL
BANL

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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