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Side-by-side financial comparison of Duolingo, Inc. (DUOL) 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 $282.9M, roughly 1.3× Duolingo, Inc.). Duolingo, Inc. runs the higher net margin — 14.8% vs 4.9%, a 9.9% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs 6.7%). Duolingo, Inc. produced more free cash flow last quarter ($96.6M vs $47.8M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% CAGR vs 5.8%).

Duolingo, Inc. is a leading global edtech firm operating a gamified language learning platform. It offers free and premium self-paced courses for over 40 languages, plus language certification, math learning tools, and literacy programs, serving individual learners, schools and corporate clients worldwide.

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.

DUOL vs VTOL — Head-to-Head

Bigger by revenue
VTOL
VTOL
1.3× larger
VTOL
$377.3M
$282.9M
DUOL
Growing faster (revenue YoY)
DUOL
DUOL
+28.3% gap
DUOL
35.0%
6.7%
VTOL
Higher net margin
DUOL
DUOL
9.9% more per $
DUOL
14.8%
4.9%
VTOL
More free cash flow
DUOL
DUOL
$48.8M more FCF
DUOL
$96.6M
$47.8M
VTOL
Faster 2-yr revenue CAGR
DUOL
DUOL
Annualised
DUOL
29.9%
5.8%
VTOL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DUOL
DUOL
VTOL
VTOL
Revenue
$282.9M
$377.3M
Net Profit
$42.0M
$18.4M
Gross Margin
72.8%
Operating Margin
15.4%
8.5%
Net Margin
14.8%
4.9%
Revenue YoY
35.0%
6.7%
Net Profit YoY
201.7%
-42.1%
EPS (diluted)
$0.99
$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
DUOL
DUOL
VTOL
VTOL
Q4 25
$282.9M
$377.3M
Q3 25
$271.7M
$386.3M
Q2 25
$252.3M
$376.4M
Q1 25
$230.7M
$350.5M
Q4 24
$209.6M
$353.5M
Q3 24
$192.6M
$365.1M
Q2 24
$178.3M
$359.7M
Q1 24
$167.6M
$337.1M
Net Profit
DUOL
DUOL
VTOL
VTOL
Q4 25
$42.0M
$18.4M
Q3 25
$292.2M
$51.5M
Q2 25
$44.8M
$31.7M
Q1 25
$35.1M
$27.4M
Q4 24
$13.9M
$31.8M
Q3 24
$23.4M
$28.2M
Q2 24
$24.4M
$28.2M
Q1 24
$27.0M
$6.6M
Gross Margin
DUOL
DUOL
VTOL
VTOL
Q4 25
72.8%
Q3 25
72.5%
Q2 25
72.4%
Q1 25
71.1%
Q4 24
71.9%
Q3 24
72.9%
Q2 24
73.4%
Q1 24
73.0%
Operating Margin
DUOL
DUOL
VTOL
VTOL
Q4 25
15.4%
8.5%
Q3 25
12.9%
13.1%
Q2 25
13.2%
11.3%
Q1 25
10.2%
9.6%
Q4 24
6.6%
9.0%
Q3 24
7.0%
9.1%
Q2 24
10.5%
12.4%
Q1 24
9.8%
6.8%
Net Margin
DUOL
DUOL
VTOL
VTOL
Q4 25
14.8%
4.9%
Q3 25
107.5%
13.3%
Q2 25
17.8%
8.4%
Q1 25
15.2%
7.8%
Q4 24
6.6%
9.0%
Q3 24
12.1%
7.7%
Q2 24
13.7%
7.8%
Q1 24
16.1%
2.0%
EPS (diluted)
DUOL
DUOL
VTOL
VTOL
Q4 25
$0.99
$0.61
Q3 25
$5.95
$1.72
Q2 25
$0.91
$1.07
Q1 25
$0.72
$0.92
Q4 24
$0.31
$1.07
Q3 24
$0.49
$0.95
Q2 24
$0.51
$0.96
Q1 24
$0.57
$0.23

Balance Sheet & Financial Strength

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

Metric
DUOL
DUOL
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$1.0B
$286.2M
Total DebtLower is stronger
$671.5M
Stockholders' EquityBook value
$1.3B
$1.1B
Total Assets
$2.0B
$2.3B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DUOL
DUOL
VTOL
VTOL
Q4 25
$1.0B
$286.2M
Q3 25
$1.0B
$245.5M
Q2 25
$976.2M
$251.8M
Q1 25
$884.0M
$191.1M
Q4 24
$785.8M
$247.5M
Q3 24
$854.4M
$200.3M
Q2 24
$888.2M
$178.6M
Q1 24
$829.7M
$140.6M
Total Debt
DUOL
DUOL
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
DUOL
DUOL
VTOL
VTOL
Q4 25
$1.3B
$1.1B
Q3 25
$1.3B
$1.0B
Q2 25
$977.0M
$984.4M
Q1 25
$893.8M
$931.7M
Q4 24
$824.5M
$891.7M
Q3 24
$822.5M
$899.2M
Q2 24
$766.9M
$849.1M
Q1 24
$711.1M
$820.7M
Total Assets
DUOL
DUOL
VTOL
VTOL
Q4 25
$2.0B
$2.3B
Q3 25
$1.9B
$2.3B
Q2 25
$1.5B
$2.3B
Q1 25
$1.4B
$2.2B
Q4 24
$1.3B
$2.1B
Q3 24
$1.2B
$2.1B
Q2 24
$1.1B
$2.0B
Q1 24
$1.1B
$1.9B
Debt / Equity
DUOL
DUOL
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
DUOL
DUOL
VTOL
VTOL
Operating Cash FlowLast quarter
$107.3M
$76.9M
Free Cash FlowOCF − Capex
$96.6M
$47.8M
FCF MarginFCF / Revenue
34.1%
12.7%
Capex IntensityCapex / Revenue
3.8%
7.7%
Cash ConversionOCF / Net Profit
2.56×
4.17×
TTM Free Cash FlowTrailing 4 quarters
$369.7M
$56.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DUOL
DUOL
VTOL
VTOL
Q4 25
$107.3M
$76.9M
Q3 25
$84.2M
$23.1M
Q2 25
$90.7M
$99.0M
Q1 25
$105.6M
$-603.0K
Q4 24
$83.3M
$51.1M
Q3 24
$56.3M
$66.0M
Q2 24
$62.4M
$33.7M
Q1 24
$83.5M
$26.7M
Free Cash Flow
DUOL
DUOL
VTOL
VTOL
Q4 25
$96.6M
$47.8M
Q3 25
$79.4M
$-6.2M
Q2 25
$89.5M
$67.4M
Q1 25
$104.3M
$-52.7M
Q4 24
$81.4M
$-32.4M
Q3 24
$53.1M
$9.0M
Q2 24
$56.8M
$-16.7M
Q1 24
$82.1M
$-37.9M
FCF Margin
DUOL
DUOL
VTOL
VTOL
Q4 25
34.1%
12.7%
Q3 25
29.2%
-1.6%
Q2 25
35.5%
17.9%
Q1 25
45.2%
-15.0%
Q4 24
38.8%
-9.2%
Q3 24
27.6%
2.5%
Q2 24
31.9%
-4.6%
Q1 24
49.0%
-11.2%
Capex Intensity
DUOL
DUOL
VTOL
VTOL
Q4 25
3.8%
7.7%
Q3 25
1.8%
7.6%
Q2 25
0.5%
8.4%
Q1 25
0.6%
14.9%
Q4 24
0.9%
23.6%
Q3 24
1.7%
15.6%
Q2 24
3.1%
14.0%
Q1 24
0.8%
19.2%
Cash Conversion
DUOL
DUOL
VTOL
VTOL
Q4 25
2.56×
4.17×
Q3 25
0.29×
0.45×
Q2 25
2.02×
3.12×
Q1 25
3.01×
-0.02×
Q4 24
5.99×
1.61×
Q3 24
2.41×
2.34×
Q2 24
2.56×
1.20×
Q1 24
3.10×
4.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DUOL
DUOL

License And Service$242.3M86%
Advertising$20.2M7%
English Test$10.3M4%
Other$10.1M4%

VTOL
VTOL

Offshore Energy Services$247.5M66%
Government Services$100.1M27%
Other$21.9M6%
Related Party$7.8M2%

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