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Side-by-side financial comparison of Enhabit, Inc. (EHAB) 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 $270.4M, roughly 1.4× Enhabit, Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs -14.3%, a 19.2% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs 4.7%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $3.3M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs 1.5%).
Enhabit, Inc., is a Dallas, Texas-based provider of home health and hospice services. The company operates 255 home health and 110 hospice locations in 34 states with a concentration in Texas, Alabama, Florida, Georgia, Oklahoma and Mississippi. Enhabit is the fourth-largest provider of home health services in the United States and is a leading provider of hospice services. The company was formed in 2022 when Encompass Health spun off its home health and hospice business.
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.
EHAB vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.4M | $377.3M |
| Net Profit | $-38.7M | $18.4M |
| Gross Margin | — | — |
| Operating Margin | -12.3% | 8.5% |
| Net Margin | -14.3% | 4.9% |
| Revenue YoY | 4.7% | 6.7% |
| Net Profit YoY | 15.9% | -42.1% |
| EPS (diluted) | $-0.76 | $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 | $270.4M | $377.3M | ||
| Q3 25 | $263.6M | $386.3M | ||
| Q2 25 | $266.1M | $376.4M | ||
| Q1 25 | $259.9M | $350.5M | ||
| Q4 24 | $258.2M | $353.5M | ||
| Q3 24 | $253.6M | $365.1M | ||
| Q2 24 | $260.6M | $359.7M | ||
| Q1 24 | $262.4M | $337.1M |
| Q4 25 | $-38.7M | $18.4M | ||
| Q3 25 | $11.1M | $51.5M | ||
| Q2 25 | $5.2M | $31.7M | ||
| Q1 25 | $17.8M | $27.4M | ||
| Q4 24 | $-46.0M | $31.8M | ||
| Q3 24 | $-110.2M | $28.2M | ||
| Q2 24 | $-200.0K | $28.2M | ||
| Q1 24 | $200.0K | $6.6M |
| Q4 25 | -12.3% | 8.5% | ||
| Q3 25 | 6.4% | 13.1% | ||
| Q2 25 | 6.3% | 11.3% | ||
| Q1 25 | 6.1% | 9.6% | ||
| Q4 24 | -16.0% | 9.0% | ||
| Q3 24 | -38.6% | 9.1% | ||
| Q2 24 | 4.3% | 12.4% | ||
| Q1 24 | 4.9% | 6.8% |
| Q4 25 | -14.3% | 4.9% | ||
| Q3 25 | 4.2% | 13.3% | ||
| Q2 25 | 2.0% | 8.4% | ||
| Q1 25 | 6.8% | 7.8% | ||
| Q4 24 | -17.8% | 9.0% | ||
| Q3 24 | -43.5% | 7.7% | ||
| Q2 24 | -0.1% | 7.8% | ||
| Q1 24 | 0.1% | 2.0% |
| Q4 25 | $-0.76 | $0.61 | ||
| Q3 25 | $0.22 | $1.72 | ||
| Q2 25 | $0.10 | $1.07 | ||
| Q1 25 | $0.35 | $0.92 | ||
| Q4 24 | $-0.92 | $1.07 | ||
| Q3 24 | $-2.20 | $0.95 | ||
| Q2 24 | $0.00 | $0.96 | ||
| Q1 24 | $0.01 | $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 | $43.6M | $286.2M |
| Total DebtLower is stronger | $426.0M | $671.5M |
| Stockholders' EquityBook value | $534.0M | $1.1B |
| Total Assets | $1.2B | $2.3B |
| Debt / EquityLower = less leverage | 0.80× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $43.6M | $286.2M | ||
| Q3 25 | $56.9M | $245.5M | ||
| Q2 25 | $37.1M | $251.8M | ||
| Q1 25 | $39.5M | $191.1M | ||
| Q4 24 | $28.4M | $247.5M | ||
| Q3 24 | $45.7M | $200.3M | ||
| Q2 24 | $28.5M | $178.6M | ||
| Q1 24 | $36.5M | $140.6M |
| Q4 25 | $426.0M | $671.5M | ||
| Q3 25 | $441.5M | $675.0M | ||
| Q2 25 | $456.9M | $705.2M | ||
| Q1 25 | $467.3M | $701.9M | ||
| Q4 24 | $492.6M | $689.8M | ||
| Q3 24 | $502.9M | $629.1M | ||
| Q2 24 | $512.7M | $594.2M | ||
| Q1 24 | $526.7M | $544.1M |
| Q4 25 | $534.0M | $1.1B | ||
| Q3 25 | $566.8M | $1.0B | ||
| Q2 25 | $552.4M | $984.4M | ||
| Q1 25 | $543.2M | $931.7M | ||
| Q4 24 | $523.5M | $891.7M | ||
| Q3 24 | $566.1M | $899.2M | ||
| Q2 24 | $674.3M | $849.1M | ||
| Q1 24 | $672.3M | $820.7M |
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.2B | $2.3B | ||
| Q1 25 | $1.2B | $2.2B | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.4B | $1.9B |
| Q4 25 | 0.80× | 0.63× | ||
| Q3 25 | 0.78× | 0.65× | ||
| Q2 25 | 0.83× | 0.72× | ||
| Q1 25 | 0.86× | 0.75× | ||
| Q4 24 | 0.94× | 0.77× | ||
| Q3 24 | 0.89× | 0.70× | ||
| Q2 24 | 0.76× | 0.70× | ||
| Q1 24 | 0.78× | 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 | $4.4M | $76.9M |
| Free Cash FlowOCF − Capex | $3.3M | $47.8M |
| FCF MarginFCF / Revenue | 1.2% | 12.7% |
| Capex IntensityCapex / Revenue | 0.4% | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $76.9M | ||
| Q3 25 | $37.8M | $23.1M | ||
| Q2 25 | $10.6M | $99.0M | ||
| Q1 25 | $17.9M | $-603.0K | ||
| Q4 24 | $-4.1M | $51.1M | ||
| Q3 24 | $28.4M | $66.0M | ||
| Q2 24 | $9.6M | $33.7M | ||
| Q1 24 | $17.3M | $26.7M |
| Q4 25 | $3.3M | $47.8M | ||
| Q3 25 | $36.2M | $-6.2M | ||
| Q2 25 | $8.7M | $67.4M | ||
| Q1 25 | $17.6M | $-52.7M | ||
| Q4 24 | $-4.7M | $-32.4M | ||
| Q3 24 | $27.7M | $9.0M | ||
| Q2 24 | $8.9M | $-16.7M | ||
| Q1 24 | $15.5M | $-37.9M |
| Q4 25 | 1.2% | 12.7% | ||
| Q3 25 | 13.7% | -1.6% | ||
| Q2 25 | 3.3% | 17.9% | ||
| Q1 25 | 6.8% | -15.0% | ||
| Q4 24 | -1.8% | -9.2% | ||
| Q3 24 | 10.9% | 2.5% | ||
| Q2 24 | 3.4% | -4.6% | ||
| Q1 24 | 5.9% | -11.2% |
| Q4 25 | 0.4% | 7.7% | ||
| Q3 25 | 0.6% | 7.6% | ||
| Q2 25 | 0.7% | 8.4% | ||
| Q1 25 | 0.1% | 14.9% | ||
| Q4 24 | 0.2% | 23.6% | ||
| Q3 24 | 0.3% | 15.6% | ||
| Q2 24 | 0.3% | 14.0% | ||
| Q1 24 | 0.7% | 19.2% |
| Q4 25 | — | 4.17× | ||
| Q3 25 | 3.41× | 0.45× | ||
| Q2 25 | 2.04× | 3.12× | ||
| Q1 25 | 1.01× | -0.02× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | 86.50× | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EHAB
| Third Party Payor Medicare | $111.6M | 41% |
| Third Party Payor Medicare Advantage | $67.5M | 25% |
| Hospice Segment | $63.6M | 24% |
| Third Party Payor Managed Care | $24.9M | 9% |
| Third Party Payor Medicaid | $1.7M | 1% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
