vs
Side-by-side financial comparison of Circle Internet Group, Inc. (CRCL) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
Circle Internet Group, Inc. is the larger business by last-quarter revenue ($739.8M vs $377.3M, roughly 2.0× Bristow Group Inc.). Circle Internet Group, Inc. runs the higher net margin — 29.0% vs 4.9%, a 24.1% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs 6.7%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $-14.7M).
Circle is a payments technology company. Funded by Jeremy Allaire and Sean Neville in 2013, it is currently headquartered in New York City and issues two types of stablecoin: USDC, which has a conversion rate pegged to the U.S. dollar, and EURC, which is euro-denominated. It also issues USYC, a tokenized money market fund.
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.
CRCL vs VTOL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $739.8M | $377.3M |
| Net Profit | $214.4M | $18.4M |
| Gross Margin | — | — |
| Operating Margin | 11.0% | 8.5% |
| Net Margin | 29.0% | 4.9% |
| Revenue YoY | 5113.5% | 6.7% |
| Net Profit YoY | 202.0% | -42.1% |
| EPS (diluted) | $0.64 | $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 | — | $377.3M | ||
| Q3 25 | $739.8M | $386.3M | ||
| Q2 25 | $658.1M | $376.4M | ||
| Q1 25 | — | $350.5M | ||
| Q4 24 | — | $353.5M | ||
| Q3 24 | — | $365.1M | ||
| Q2 24 | $6.8M | $359.7M | ||
| Q1 24 | — | $337.1M |
| Q4 25 | — | $18.4M | ||
| Q3 25 | $214.4M | $51.5M | ||
| Q2 25 | $-482.1M | $31.7M | ||
| Q1 25 | — | $27.4M | ||
| Q4 24 | — | $31.8M | ||
| Q3 24 | — | $28.2M | ||
| Q2 24 | $32.9M | $28.2M | ||
| Q1 24 | — | $6.6M |
| Q4 25 | — | 8.5% | ||
| Q3 25 | 11.0% | 13.1% | ||
| Q2 25 | -49.5% | 11.3% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 12.4% | ||
| Q1 24 | — | 6.8% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | 29.0% | 13.3% | ||
| Q2 25 | -73.3% | 8.4% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | 486.5% | 7.8% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | — | $0.61 | ||
| Q3 25 | $0.64 | $1.72 | ||
| Q2 25 | $-4.48 | $1.07 | ||
| Q1 25 | — | $0.92 | ||
| Q4 24 | — | $1.07 | ||
| Q3 24 | — | $0.95 | ||
| Q2 24 | $0.00 | $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 | $1.3B | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $3.0B | $1.1B |
| Total Assets | $76.8B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $286.2M | ||
| Q3 25 | $1.3B | $245.5M | ||
| Q2 25 | $1.1B | $251.8M | ||
| Q1 25 | — | $191.1M | ||
| Q4 24 | — | $247.5M | ||
| Q3 24 | — | $200.3M | ||
| Q2 24 | $457.5M | $178.6M | ||
| Q1 24 | — | $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 | — | $1.1B | ||
| Q3 25 | $3.0B | $1.0B | ||
| Q2 25 | $2.4B | $984.4M | ||
| Q1 25 | — | $931.7M | ||
| Q4 24 | — | $891.7M | ||
| Q3 24 | — | $899.2M | ||
| Q2 24 | $460.9M | $849.1M | ||
| Q1 24 | — | $820.7M |
| Q4 25 | — | $2.3B | ||
| Q3 25 | $76.8B | $2.3B | ||
| Q2 25 | $64.2B | $2.3B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $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 | $-10.7M | $76.9M |
| Free Cash FlowOCF − Capex | $-14.7M | $47.8M |
| FCF MarginFCF / Revenue | -2.0% | 12.7% |
| Capex IntensityCapex / Revenue | 0.5% | 7.7% |
| Cash ConversionOCF / Net Profit | -0.05× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $76.9M | ||
| Q3 25 | $-10.7M | $23.1M | ||
| Q2 25 | $303.7M | $99.0M | ||
| Q1 25 | — | $-603.0K | ||
| Q4 24 | — | $51.1M | ||
| Q3 24 | — | $66.0M | ||
| Q2 24 | — | $33.7M | ||
| Q1 24 | — | $26.7M |
| Q4 25 | — | $47.8M | ||
| Q3 25 | $-14.7M | $-6.2M | ||
| Q2 25 | $296.3M | $67.4M | ||
| Q1 25 | — | $-52.7M | ||
| Q4 24 | — | $-32.4M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $-16.7M | ||
| Q1 24 | — | $-37.9M |
| Q4 25 | — | 12.7% | ||
| Q3 25 | -2.0% | -1.6% | ||
| Q2 25 | 45.0% | 17.9% | ||
| Q1 25 | — | -15.0% | ||
| Q4 24 | — | -9.2% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | -4.6% | ||
| Q1 24 | — | -11.2% |
| Q4 25 | — | 7.7% | ||
| Q3 25 | 0.5% | 7.6% | ||
| Q2 25 | 1.1% | 8.4% | ||
| Q1 25 | — | 14.9% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 14.0% | ||
| Q1 24 | — | 19.2% |
| Q4 25 | — | 4.17× | ||
| Q3 25 | -0.05× | 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
CRCL
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% |
