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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
Compass Diversified Holdings is the larger business by last-quarter revenue ($468.6M vs $377.3M, roughly 1.2× Bristow Group Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs -16.8%, a 21.7% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs -5.1%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $36.9M). Over the past eight quarters, Compass Diversified Holdings's revenue compounded faster (6.8% CAGR vs 5.8%).
Compass Diversified Holdings is a publicly traded holding firm that acquires and operates a diverse portfolio of middle-market businesses across sectors including consumer goods, industrial manufacturing, outdoor recreation, and food & beverage. It partners with portfolio company leadership teams to drive long-term operational growth and value creation, primarily serving North American markets.
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.
CODI vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $377.3M |
| Net Profit | $-78.8M | $18.4M |
| Gross Margin | 43.1% | — |
| Operating Margin | 9.8% | 8.5% |
| Net Margin | -16.8% | 4.9% |
| Revenue YoY | -5.1% | 6.7% |
| Net Profit YoY | -14.4% | -42.1% |
| EPS (diluted) | $-0.91 | $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 | $468.6M | $377.3M | ||
| Q3 25 | $472.6M | $386.3M | ||
| Q2 25 | $478.7M | $376.4M | ||
| Q1 25 | $453.8M | $350.5M | ||
| Q4 24 | $493.9M | $353.5M | ||
| Q3 24 | $456.6M | $365.1M | ||
| Q2 24 | $426.7M | $359.7M | ||
| Q1 24 | $410.8M | $337.1M |
| Q4 25 | $-78.8M | $18.4M | ||
| Q3 25 | $-74.0M | $51.5M | ||
| Q2 25 | $-51.2M | $31.7M | ||
| Q1 25 | $-30.0M | $27.4M | ||
| Q4 24 | $-68.9M | $31.8M | ||
| Q3 24 | $-36.0M | $28.2M | ||
| Q2 24 | $-73.1M | $28.2M | ||
| Q1 24 | $-56.2M | $6.6M |
| Q4 25 | 43.1% | — | ||
| Q3 25 | 44.0% | — | ||
| Q2 25 | 43.6% | — | ||
| Q1 25 | 43.2% | — | ||
| Q4 24 | 38.6% | — | ||
| Q3 24 | 43.1% | — | ||
| Q2 24 | 44.1% | — | ||
| Q1 24 | 42.6% | — |
| Q4 25 | 9.8% | 8.5% | ||
| Q3 25 | -2.3% | 13.1% | ||
| Q2 25 | -5.7% | 11.3% | ||
| Q1 25 | 0.8% | 9.6% | ||
| Q4 24 | -3.8% | 9.0% | ||
| Q3 24 | 1.8% | 9.1% | ||
| Q2 24 | 1.8% | 12.4% | ||
| Q1 24 | -2.9% | 6.8% |
| Q4 25 | -16.8% | 4.9% | ||
| Q3 25 | -15.7% | 13.3% | ||
| Q2 25 | -10.7% | 8.4% | ||
| Q1 25 | -6.6% | 7.8% | ||
| Q4 24 | -13.9% | 9.0% | ||
| Q3 24 | -7.9% | 7.7% | ||
| Q2 24 | -17.1% | 7.8% | ||
| Q1 24 | -13.7% | 2.0% |
| Q4 25 | $-0.91 | $0.61 | ||
| Q3 25 | $-1.21 | $1.72 | ||
| Q2 25 | $-0.88 | $1.07 | ||
| Q1 25 | $-0.59 | $0.92 | ||
| Q4 24 | $-0.57 | $1.07 | ||
| Q3 24 | $-0.62 | $0.95 | ||
| Q2 24 | $-1.12 | $0.96 | ||
| Q1 24 | $-1.52 | $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 | $68.0M | $286.2M |
| Total DebtLower is stronger | $1.9B | $671.5M |
| Stockholders' EquityBook value | $442.0M | $1.1B |
| Total Assets | $3.0B | $2.3B |
| Debt / EquityLower = less leverage | 4.25× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | $286.2M | ||
| Q3 25 | $61.1M | $245.5M | ||
| Q2 25 | $73.8M | $251.8M | ||
| Q1 25 | $146.2M | $191.1M | ||
| Q4 24 | $59.7M | $247.5M | ||
| Q3 24 | $64.9M | $200.3M | ||
| Q2 24 | $61.5M | $178.6M | ||
| Q1 24 | $59.5M | $140.6M |
| Q4 25 | $1.9B | $671.5M | ||
| Q3 25 | $1.9B | $675.0M | ||
| Q2 25 | $1.9B | $705.2M | ||
| Q1 25 | $1.9B | $701.9M | ||
| Q4 24 | $1.8B | $689.8M | ||
| Q3 24 | $1.8B | $629.1M | ||
| Q2 24 | $1.7B | $594.2M | ||
| Q1 24 | $1.7B | $544.1M |
| Q4 25 | $442.0M | $1.1B | ||
| Q3 25 | $519.2M | $1.0B | ||
| Q2 25 | $601.9M | $984.4M | ||
| Q1 25 | $680.7M | $931.7M | ||
| Q4 24 | $678.6M | $891.7M | ||
| Q3 24 | $672.2M | $899.2M | ||
| Q2 24 | $711.3M | $849.1M | ||
| Q1 24 | $799.7M | $820.7M |
| Q4 25 | $3.0B | $2.3B | ||
| Q3 25 | $3.2B | $2.3B | ||
| Q2 25 | $3.3B | $2.3B | ||
| Q1 25 | $3.4B | $2.2B | ||
| Q4 24 | $3.3B | $2.1B | ||
| Q3 24 | $3.3B | $2.1B | ||
| Q2 24 | $3.2B | $2.0B | ||
| Q1 24 | $3.3B | $1.9B |
| Q4 25 | 4.25× | 0.63× | ||
| Q3 25 | 3.62× | 0.65× | ||
| Q2 25 | 3.09× | 0.72× | ||
| Q1 25 | 2.73× | 0.75× | ||
| Q4 24 | 2.61× | 0.77× | ||
| Q3 24 | 2.64× | 0.70× | ||
| Q2 24 | 2.42× | 0.70× | ||
| Q1 24 | 2.15× | 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 | $47.0M | $76.9M |
| Free Cash FlowOCF − Capex | $36.9M | $47.8M |
| FCF MarginFCF / Revenue | 7.9% | 12.7% |
| Capex IntensityCapex / Revenue | 2.2% | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.0M | $76.9M | ||
| Q3 25 | $10.7M | $23.1M | ||
| Q2 25 | $-35.2M | $99.0M | ||
| Q1 25 | $-29.3M | $-603.0K | ||
| Q4 24 | $-16.1M | $51.1M | ||
| Q3 24 | $-48.4M | $66.0M | ||
| Q2 24 | $-61.3M | $33.7M | ||
| Q1 24 | $-25.4M | $26.7M |
| Q4 25 | $36.9M | $47.8M | ||
| Q3 25 | $481.0K | $-6.2M | ||
| Q2 25 | $-46.0M | $67.4M | ||
| Q1 25 | $-42.4M | $-52.7M | ||
| Q4 24 | $-39.0M | $-32.4M | ||
| Q3 24 | $-63.5M | $9.0M | ||
| Q2 24 | $-72.2M | $-16.7M | ||
| Q1 24 | $-33.1M | $-37.9M |
| Q4 25 | 7.9% | 12.7% | ||
| Q3 25 | 0.1% | -1.6% | ||
| Q2 25 | -9.6% | 17.9% | ||
| Q1 25 | -9.4% | -15.0% | ||
| Q4 24 | -7.9% | -9.2% | ||
| Q3 24 | -13.9% | 2.5% | ||
| Q2 24 | -16.9% | -4.6% | ||
| Q1 24 | -8.1% | -11.2% |
| Q4 25 | 2.2% | 7.7% | ||
| Q3 25 | 2.2% | 7.6% | ||
| Q2 25 | 2.3% | 8.4% | ||
| Q1 25 | 2.9% | 14.9% | ||
| Q4 24 | 4.6% | 23.6% | ||
| Q3 24 | 3.3% | 15.6% | ||
| Q2 24 | 2.6% | 14.0% | ||
| Q1 24 | 1.9% | 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 | — | 1.20× | ||
| Q1 24 | — | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
