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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) 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 $233.0M, roughly 1.6× CSW INDUSTRIALS, INC.). Bristow Group Inc. runs the higher net margin — 4.9% vs 4.4%, a 0.5% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 6.7%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $22.7M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs 5.1%).
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.
CSW vs VTOL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $377.3M |
| Net Profit | $10.3M | $18.4M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 8.5% |
| Net Margin | 4.4% | 4.9% |
| Revenue YoY | 20.3% | 6.7% |
| Net Profit YoY | -61.9% | -42.1% |
| EPS (diluted) | $0.62 | $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 | $233.0M | $377.3M | ||
| Q3 25 | $277.0M | $386.3M | ||
| Q2 25 | $263.6M | $376.4M | ||
| Q1 25 | $230.5M | $350.5M | ||
| Q4 24 | $193.6M | $353.5M | ||
| Q3 24 | $227.9M | $365.1M | ||
| Q2 24 | $226.2M | $359.7M | ||
| Q1 24 | $210.9M | $337.1M |
| Q4 25 | $10.3M | $18.4M | ||
| Q3 25 | $40.7M | $51.5M | ||
| Q2 25 | $40.9M | $31.7M | ||
| Q1 25 | $35.1M | $27.4M | ||
| Q4 24 | $26.9M | $31.8M | ||
| Q3 24 | $36.1M | $28.2M | ||
| Q2 24 | $38.6M | $28.2M | ||
| Q1 24 | $31.8M | $6.6M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | — | ||
| Q2 25 | 43.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 47.5% | — | ||
| Q1 24 | 44.4% | — |
| Q4 25 | 7.4% | 8.5% | ||
| Q3 25 | 20.5% | 13.1% | ||
| Q2 25 | 20.8% | 11.3% | ||
| Q1 25 | 19.5% | 9.6% | ||
| Q4 24 | 15.3% | 9.0% | ||
| Q3 24 | 22.6% | 9.1% | ||
| Q2 24 | 24.3% | 12.4% | ||
| Q1 24 | 21.0% | 6.8% |
| Q4 25 | 4.4% | 4.9% | ||
| Q3 25 | 14.7% | 13.3% | ||
| Q2 25 | 15.5% | 8.4% | ||
| Q1 25 | 15.2% | 7.8% | ||
| Q4 24 | 13.9% | 9.0% | ||
| Q3 24 | 15.8% | 7.7% | ||
| Q2 24 | 17.1% | 7.8% | ||
| Q1 24 | 15.1% | 2.0% |
| Q4 25 | $0.62 | $0.61 | ||
| Q3 25 | $2.41 | $1.72 | ||
| Q2 25 | $2.43 | $1.07 | ||
| Q1 25 | $2.05 | $0.92 | ||
| Q4 24 | $1.60 | $1.07 | ||
| Q3 24 | $2.26 | $0.95 | ||
| Q2 24 | $2.47 | $0.96 | ||
| Q1 24 | $2.03 | $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 | $40.2M | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $1.1B | $1.1B |
| Total Assets | $2.3B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $286.2M | ||
| Q3 25 | $31.5M | $245.5M | ||
| Q2 25 | $38.0M | $251.8M | ||
| Q1 25 | $225.8M | $191.1M | ||
| Q4 24 | $213.8M | $247.5M | ||
| Q3 24 | $273.2M | $200.3M | ||
| Q2 24 | $18.9M | $178.6M | ||
| Q1 24 | $22.2M | $140.6M |
| Q4 25 | — | $671.5M | ||
| Q3 25 | — | $675.0M | ||
| Q2 25 | — | $705.2M | ||
| Q1 25 | $800.1M | $701.9M | ||
| Q4 24 | — | $689.8M | ||
| Q3 24 | — | $629.1M | ||
| Q2 24 | — | $594.2M | ||
| Q1 24 | $166.0M | $544.1M |
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.1B | $984.4M | ||
| Q1 25 | $1.1B | $931.7M | ||
| Q4 24 | $1.0B | $891.7M | ||
| Q3 24 | $1.0B | $899.2M | ||
| Q2 24 | $650.2M | $849.1M | ||
| Q1 24 | $615.7M | $820.7M |
| Q4 25 | $2.3B | $2.3B | ||
| Q3 25 | $1.5B | $2.3B | ||
| Q2 25 | $1.5B | $2.3B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $1.0B | $1.9B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | 0.75× | 0.75× | ||
| Q4 24 | — | 0.77× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | 0.27× | 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 | $28.9M | $76.9M |
| Free Cash FlowOCF − Capex | $22.7M | $47.8M |
| FCF MarginFCF / Revenue | 9.8% | 12.7% |
| Capex IntensityCapex / Revenue | 2.6% | 7.7% |
| Cash ConversionOCF / Net Profit | 2.81× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $76.9M | ||
| Q3 25 | $61.8M | $23.1M | ||
| Q2 25 | $60.6M | $99.0M | ||
| Q1 25 | $27.3M | $-603.0K | ||
| Q4 24 | $11.6M | $51.1M | ||
| Q3 24 | $66.8M | $66.0M | ||
| Q2 24 | $62.7M | $33.7M | ||
| Q1 24 | $22.4M | $26.7M |
| Q4 25 | $22.7M | $47.8M | ||
| Q3 25 | $58.7M | $-6.2M | ||
| Q2 25 | $57.7M | $67.4M | ||
| Q1 25 | $22.8M | $-52.7M | ||
| Q4 24 | $8.5M | $-32.4M | ||
| Q3 24 | $61.3M | $9.0M | ||
| Q2 24 | $59.6M | $-16.7M | ||
| Q1 24 | $17.5M | $-37.9M |
| Q4 25 | 9.8% | 12.7% | ||
| Q3 25 | 21.2% | -1.6% | ||
| Q2 25 | 21.9% | 17.9% | ||
| Q1 25 | 9.9% | -15.0% | ||
| Q4 24 | 4.4% | -9.2% | ||
| Q3 24 | 26.9% | 2.5% | ||
| Q2 24 | 26.3% | -4.6% | ||
| Q1 24 | 8.3% | -11.2% |
| Q4 25 | 2.6% | 7.7% | ||
| Q3 25 | 1.1% | 7.6% | ||
| Q2 25 | 1.1% | 8.4% | ||
| Q1 25 | 2.0% | 14.9% | ||
| Q4 24 | 1.6% | 23.6% | ||
| Q3 24 | 2.4% | 15.6% | ||
| Q2 24 | 1.4% | 14.0% | ||
| Q1 24 | 2.3% | 19.2% |
| Q4 25 | 2.81× | 4.17× | ||
| Q3 25 | 1.52× | 0.45× | ||
| Q2 25 | 1.48× | 3.12× | ||
| Q1 25 | 0.78× | -0.02× | ||
| Q4 24 | 0.43× | 1.61× | ||
| Q3 24 | 1.85× | 2.34× | ||
| Q2 24 | 1.62× | 1.20× | ||
| Q1 24 | 0.71× | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
