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Side-by-side financial comparison of EQUITY LIFESTYLE PROPERTIES INC (ELS) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.

EQUITY LIFESTYLE PROPERTIES INC is the larger business by last-quarter revenue ($397.6M vs $377.3M, roughly 1.1× Bristow Group Inc.). On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs 6.3%). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs 2.3%).

Simon Media Properties, LLC, doing business as Simon Property Group, Inc., is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. As of December 31, 2024, it owned interests in 232 properties.

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.

ELS vs VTOL — Head-to-Head

Bigger by revenue
ELS
ELS
1.1× larger
ELS
$397.6M
$377.3M
VTOL
Growing faster (revenue YoY)
VTOL
VTOL
+0.4% gap
VTOL
6.7%
6.3%
ELS
Faster 2-yr revenue CAGR
VTOL
VTOL
Annualised
VTOL
5.8%
2.3%
ELS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ELS
ELS
VTOL
VTOL
Revenue
$397.6M
$377.3M
Net Profit
$18.4M
Gross Margin
Operating Margin
8.5%
Net Margin
4.9%
Revenue YoY
6.3%
6.7%
Net Profit YoY
-42.1%
EPS (diluted)
$0.56
$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
ELS
ELS
VTOL
VTOL
Q1 26
$397.6M
Q4 25
$373.9M
$377.3M
Q3 25
$393.3M
$386.3M
Q2 25
$376.9M
$376.4M
Q1 25
$387.3M
$350.5M
Q4 24
$372.3M
$353.5M
Q3 24
$387.3M
$365.1M
Q2 24
$380.0M
$359.7M
Net Profit
ELS
ELS
VTOL
VTOL
Q1 26
Q4 25
$103.8M
$18.4M
Q3 25
$100.4M
$51.5M
Q2 25
$83.5M
$31.7M
Q1 25
$114.4M
$27.4M
Q4 24
$100.6M
$31.8M
Q3 24
$86.9M
$28.2M
Q2 24
$82.1M
$28.2M
Operating Margin
ELS
ELS
VTOL
VTOL
Q1 26
Q4 25
26.5%
8.5%
Q3 25
25.1%
13.1%
Q2 25
22.3%
11.3%
Q1 25
28.3%
9.6%
Q4 24
27.2%
9.0%
Q3 24
21.4%
9.1%
Q2 24
21.5%
12.4%
Net Margin
ELS
ELS
VTOL
VTOL
Q1 26
Q4 25
27.8%
4.9%
Q3 25
25.5%
13.3%
Q2 25
22.2%
8.4%
Q1 25
29.5%
7.8%
Q4 24
27.0%
9.0%
Q3 24
22.4%
7.7%
Q2 24
21.6%
7.8%
EPS (diluted)
ELS
ELS
VTOL
VTOL
Q1 26
$0.56
Q4 25
$0.52
$0.61
Q3 25
$0.50
$1.72
Q2 25
$0.42
$1.07
Q1 25
$0.57
$0.92
Q4 24
$0.51
$1.07
Q3 24
$0.44
$0.95
Q2 24
$0.42
$0.96

Balance Sheet & Financial Strength

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

Metric
ELS
ELS
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$286.2M
Total DebtLower is stronger
$671.5M
Stockholders' EquityBook value
$1.8B
$1.1B
Total Assets
$5.7M
$2.3B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELS
ELS
VTOL
VTOL
Q1 26
Q4 25
$286.2M
Q3 25
$245.5M
Q2 25
$251.8M
Q1 25
$191.1M
Q4 24
$247.5M
Q3 24
$200.3M
Q2 24
$178.6M
Total Debt
ELS
ELS
VTOL
VTOL
Q1 26
Q4 25
$3.3B
$671.5M
Q3 25
$675.0M
Q2 25
$705.2M
Q1 25
$701.9M
Q4 24
$3.2B
$689.8M
Q3 24
$629.1M
Q2 24
$594.2M
Stockholders' Equity
ELS
ELS
VTOL
VTOL
Q1 26
$1.8B
Q4 25
$1.8B
$1.1B
Q3 25
$1.8B
$1.0B
Q2 25
$1.7B
$984.4M
Q1 25
$1.7B
$931.7M
Q4 24
$1.7B
$891.7M
Q3 24
$1.4B
$899.2M
Q2 24
$1.4B
$849.1M
Total Assets
ELS
ELS
VTOL
VTOL
Q1 26
$5.7M
Q4 25
$5.7B
$2.3B
Q3 25
$5.7B
$2.3B
Q2 25
$5.7B
$2.3B
Q1 25
$5.6B
$2.2B
Q4 24
$5.6B
$2.1B
Q3 24
$5.6B
$2.1B
Q2 24
$5.6B
$2.0B
Debt / Equity
ELS
ELS
VTOL
VTOL
Q1 26
Q4 25
1.91×
0.63×
Q3 25
0.65×
Q2 25
0.72×
Q1 25
0.75×
Q4 24
1.84×
0.77×
Q3 24
0.70×
Q2 24
0.70×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ELS
ELS
VTOL
VTOL
Operating Cash FlowLast quarter
$76.9M
Free Cash FlowOCF − Capex
$47.8M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
7.7%
Cash ConversionOCF / Net Profit
4.17×
TTM Free Cash FlowTrailing 4 quarters
$56.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELS
ELS
VTOL
VTOL
Q1 26
Q4 25
$571.1M
$76.9M
Q3 25
$147.0M
$23.1M
Q2 25
$131.3M
$99.0M
Q1 25
$193.4M
$-603.0K
Q4 24
$596.7M
$51.1M
Q3 24
$149.5M
$66.0M
Q2 24
$143.1M
$33.7M
Free Cash Flow
ELS
ELS
VTOL
VTOL
Q1 26
Q4 25
$334.1M
$47.8M
Q3 25
$75.7M
$-6.2M
Q2 25
$71.8M
$67.4M
Q1 25
$148.2M
$-52.7M
Q4 24
$355.4M
$-32.4M
Q3 24
$91.1M
$9.0M
Q2 24
$80.6M
$-16.7M
FCF Margin
ELS
ELS
VTOL
VTOL
Q1 26
Q4 25
89.4%
12.7%
Q3 25
19.3%
-1.6%
Q2 25
19.1%
17.9%
Q1 25
38.3%
-15.0%
Q4 24
95.5%
-9.2%
Q3 24
23.5%
2.5%
Q2 24
21.2%
-4.6%
Capex Intensity
ELS
ELS
VTOL
VTOL
Q1 26
Q4 25
63.4%
7.7%
Q3 25
18.1%
7.6%
Q2 25
15.8%
8.4%
Q1 25
11.7%
14.9%
Q4 24
64.8%
23.6%
Q3 24
15.1%
15.6%
Q2 24
16.5%
14.0%
Cash Conversion
ELS
ELS
VTOL
VTOL
Q1 26
Q4 25
5.50×
4.17×
Q3 25
1.46×
0.45×
Q2 25
1.57×
3.12×
Q1 25
1.69×
-0.02×
Q4 24
5.93×
1.61×
Q3 24
1.72×
2.34×
Q2 24
1.74×
1.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ELS
ELS

Rental income$339.0M85%
Other$37.2M9%
Annual membership subscriptions$18.3M5%
Membership upgrade revenue$3.1M1%

VTOL
VTOL

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

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