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Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
CLOVER HEALTH INVESTMENTS, CORP. is the larger business by last-quarter revenue ($487.7M vs $377.3M, roughly 1.3× Bristow Group Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs -10.1%, a 15.0% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs 6.7%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $-69.0M). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 5.8%).
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
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.
CLOV vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $487.7M | $377.3M |
| Net Profit | $-49.3M | $18.4M |
| Gross Margin | — | — |
| Operating Margin | -10.1% | 8.5% |
| Net Margin | -10.1% | 4.9% |
| Revenue YoY | 44.7% | 6.7% |
| Net Profit YoY | -123.2% | -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.
| Q4 25 | $487.7M | $377.3M | ||
| Q3 25 | $496.6M | $386.3M | ||
| Q2 25 | $477.6M | $376.4M | ||
| Q1 25 | $462.3M | $350.5M | ||
| Q4 24 | $337.0M | $353.5M | ||
| Q3 24 | $331.0M | $365.1M | ||
| Q2 24 | $356.3M | $359.7M | ||
| Q1 24 | $346.9M | $337.1M |
| Q4 25 | $-49.3M | $18.4M | ||
| Q3 25 | $-24.4M | $51.5M | ||
| Q2 25 | $-10.6M | $31.7M | ||
| Q1 25 | $-1.3M | $27.4M | ||
| Q4 24 | $-22.1M | $31.8M | ||
| Q3 24 | $-9.2M | $28.2M | ||
| Q2 24 | $7.4M | $28.2M | ||
| Q1 24 | $-19.2M | $6.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 30.3% | — | ||
| Q1 24 | 23.6% | — |
| Q4 25 | -10.1% | 8.5% | ||
| Q3 25 | -4.9% | 13.1% | ||
| Q2 25 | -2.2% | 11.3% | ||
| Q1 25 | -0.3% | 9.6% | ||
| Q4 24 | -6.4% | 9.0% | ||
| Q3 24 | -2.7% | 9.1% | ||
| Q2 24 | 2.0% | 12.4% | ||
| Q1 24 | -6.5% | 6.8% |
| Q4 25 | -10.1% | 4.9% | ||
| Q3 25 | -4.9% | 13.3% | ||
| Q2 25 | -2.2% | 8.4% | ||
| Q1 25 | -0.3% | 7.8% | ||
| Q4 24 | -6.6% | 9.0% | ||
| Q3 24 | -2.8% | 7.7% | ||
| Q2 24 | 2.1% | 7.8% | ||
| Q1 24 | -5.5% | 2.0% |
| Q4 25 | — | $0.61 | ||
| Q3 25 | — | $1.72 | ||
| Q2 25 | — | $1.07 | ||
| Q1 25 | — | $0.92 | ||
| Q4 24 | — | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.3M | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $308.7M | $1.1B |
| Total Assets | $541.0M | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.3M | $286.2M | ||
| Q3 25 | — | $245.5M | ||
| Q2 25 | — | $251.8M | ||
| Q1 25 | — | $191.1M | ||
| Q4 24 | $194.5M | $247.5M | ||
| Q3 24 | $288.0M | $200.3M | ||
| Q2 24 | $254.8M | $178.6M | ||
| Q1 24 | $208.3M | $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 | $308.7M | $1.1B | ||
| Q3 25 | $340.9M | $1.0B | ||
| Q2 25 | $344.2M | $984.4M | ||
| Q1 25 | $336.1M | $931.7M | ||
| Q4 24 | $341.1M | $891.7M | ||
| Q3 24 | $342.2M | $899.2M | ||
| Q2 24 | $324.9M | $849.1M | ||
| Q1 24 | $292.5M | $820.7M |
| Q4 25 | $541.0M | $2.3B | ||
| Q3 25 | $559.7M | $2.3B | ||
| Q2 25 | $575.0M | $2.3B | ||
| Q1 25 | $583.7M | $2.2B | ||
| Q4 24 | $580.7M | $2.1B | ||
| Q3 24 | $653.0M | $2.1B | ||
| Q2 24 | $674.2M | $2.0B | ||
| Q1 24 | $671.8M | $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 | $-66.9M | $76.9M |
| Free Cash FlowOCF − Capex | $-69.0M | $47.8M |
| FCF MarginFCF / Revenue | -14.1% | 12.7% |
| Capex IntensityCapex / Revenue | 0.4% | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $-69.2M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-66.9M | $76.9M | ||
| Q3 25 | $12.1M | $23.1M | ||
| Q2 25 | $5.4M | $99.0M | ||
| Q1 25 | $-16.3M | $-603.0K | ||
| Q4 24 | $34.8M | $51.1M | ||
| Q3 24 | $50.0M | $66.0M | ||
| Q2 24 | $44.8M | $33.7M | ||
| Q1 24 | $25.9M | $26.7M |
| Q4 25 | $-69.0M | $47.8M | ||
| Q3 25 | $11.4M | $-6.2M | ||
| Q2 25 | $4.8M | $67.4M | ||
| Q1 25 | $-16.5M | $-52.7M | ||
| Q4 24 | $33.3M | $-32.4M | ||
| Q3 24 | $49.6M | $9.0M | ||
| Q2 24 | $44.4M | $-16.7M | ||
| Q1 24 | $25.5M | $-37.9M |
| Q4 25 | -14.1% | 12.7% | ||
| Q3 25 | 2.3% | -1.6% | ||
| Q2 25 | 1.0% | 17.9% | ||
| Q1 25 | -3.6% | -15.0% | ||
| Q4 24 | 9.9% | -9.2% | ||
| Q3 24 | 15.0% | 2.5% | ||
| Q2 24 | 12.5% | -4.6% | ||
| Q1 24 | 7.3% | -11.2% |
| Q4 25 | 0.4% | 7.7% | ||
| Q3 25 | 0.1% | 7.6% | ||
| Q2 25 | 0.1% | 8.4% | ||
| Q1 25 | 0.0% | 14.9% | ||
| Q4 24 | 0.5% | 23.6% | ||
| Q3 24 | 0.1% | 15.6% | ||
| Q2 24 | 0.1% | 14.0% | ||
| Q1 24 | 0.1% | 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 | 6.04× | 1.20× | ||
| Q1 24 | — | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLOV
Segment breakdown not available.
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
