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Side-by-side financial comparison of National Vision Holdings, Inc. (EYE) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.

National Vision Holdings, Inc. is the larger business by last-quarter revenue ($487.3M vs $377.3M, roughly 1.3× Bristow Group Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs 0.7%, a 4.2% gap on every dollar of revenue. On growth, National Vision Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs 6.7%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $30.3M). Over the past eight quarters, National Vision Holdings, Inc.'s revenue compounded faster (7.6% CAGR vs 5.8%).

Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.

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.

EYE vs VTOL — Head-to-Head

Bigger by revenue
EYE
EYE
1.3× larger
EYE
$487.3M
$377.3M
VTOL
Growing faster (revenue YoY)
EYE
EYE
+1.2% gap
EYE
7.9%
6.7%
VTOL
Higher net margin
VTOL
VTOL
4.2% more per $
VTOL
4.9%
0.7%
EYE
More free cash flow
VTOL
VTOL
$17.5M more FCF
VTOL
$47.8M
$30.3M
EYE
Faster 2-yr revenue CAGR
EYE
EYE
Annualised
EYE
7.6%
5.8%
VTOL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
EYE
EYE
VTOL
VTOL
Revenue
$487.3M
$377.3M
Net Profit
$3.4M
$18.4M
Gross Margin
Operating Margin
2.0%
8.5%
Net Margin
0.7%
4.9%
Revenue YoY
7.9%
6.7%
Net Profit YoY
139.8%
-42.1%
EPS (diluted)
$0.04
$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
EYE
EYE
VTOL
VTOL
Q4 25
$377.3M
Q3 25
$487.3M
$386.3M
Q2 25
$486.4M
$376.4M
Q1 25
$510.3M
$350.5M
Q4 24
$437.3M
$353.5M
Q3 24
$451.5M
$365.1M
Q2 24
$451.7M
$359.7M
Q1 24
$482.8M
$337.1M
Net Profit
EYE
EYE
VTOL
VTOL
Q4 25
$18.4M
Q3 25
$3.4M
$51.5M
Q2 25
$8.7M
$31.7M
Q1 25
$14.2M
$27.4M
Q4 24
$-28.6M
$31.8M
Q3 24
$-8.5M
$28.2M
Q2 24
$-3.1M
$28.2M
Q1 24
$11.7M
$6.6M
Operating Margin
EYE
EYE
VTOL
VTOL
Q4 25
8.5%
Q3 25
2.0%
13.1%
Q2 25
3.4%
11.3%
Q1 25
5.1%
9.6%
Q4 24
-5.8%
9.0%
Q3 24
-2.0%
9.1%
Q2 24
0.1%
12.4%
Q1 24
4.9%
6.8%
Net Margin
EYE
EYE
VTOL
VTOL
Q4 25
4.9%
Q3 25
0.7%
13.3%
Q2 25
1.8%
8.4%
Q1 25
2.8%
7.8%
Q4 24
-6.5%
9.0%
Q3 24
-1.9%
7.7%
Q2 24
-0.7%
7.8%
Q1 24
2.4%
2.0%
EPS (diluted)
EYE
EYE
VTOL
VTOL
Q4 25
$0.61
Q3 25
$0.04
$1.72
Q2 25
$0.11
$1.07
Q1 25
$0.18
$0.92
Q4 24
$-0.36
$1.07
Q3 24
$-0.11
$0.95
Q2 24
$-0.04
$0.96
Q1 24
$0.15
$0.23

Balance Sheet & Financial Strength

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

Metric
EYE
EYE
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$56.0M
$286.2M
Total DebtLower is stronger
$236.5M
$671.5M
Stockholders' EquityBook value
$858.8M
$1.1B
Total Assets
$2.0B
$2.3B
Debt / EquityLower = less leverage
0.28×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EYE
EYE
VTOL
VTOL
Q4 25
$286.2M
Q3 25
$56.0M
$245.5M
Q2 25
$48.5M
$251.8M
Q1 25
$80.0M
$191.1M
Q4 24
$73.9M
$247.5M
Q3 24
$81.2M
$200.3M
Q2 24
$179.5M
$178.6M
Q1 24
$150.1M
$140.6M
Total Debt
EYE
EYE
VTOL
VTOL
Q4 25
$671.5M
Q3 25
$236.5M
$675.0M
Q2 25
$255.6M
$705.2M
Q1 25
$244.7M
$701.9M
Q4 24
$248.6M
$689.8M
Q3 24
$252.8M
$629.1M
Q2 24
$143.9M
$594.2M
Q1 24
$448.6M
$544.1M
Stockholders' Equity
EYE
EYE
VTOL
VTOL
Q4 25
$1.1B
Q3 25
$858.8M
$1.0B
Q2 25
$850.6M
$984.4M
Q1 25
$836.2M
$931.7M
Q4 24
$816.3M
$891.7M
Q3 24
$840.0M
$899.2M
Q2 24
$843.4M
$849.1M
Q1 24
$841.3M
$820.7M
Total Assets
EYE
EYE
VTOL
VTOL
Q4 25
$2.3B
Q3 25
$2.0B
$2.3B
Q2 25
$2.0B
$2.3B
Q1 25
$2.0B
$2.2B
Q4 24
$2.0B
$2.1B
Q3 24
$2.0B
$2.1B
Q2 24
$2.1B
$2.0B
Q1 24
$2.2B
$1.9B
Debt / Equity
EYE
EYE
VTOL
VTOL
Q4 25
0.63×
Q3 25
0.28×
0.65×
Q2 25
0.30×
0.72×
Q1 25
0.29×
0.75×
Q4 24
0.30×
0.77×
Q3 24
0.30×
0.70×
Q2 24
0.17×
0.70×
Q1 24
0.53×
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
EYE
EYE
VTOL
VTOL
Operating Cash FlowLast quarter
$46.6M
$76.9M
Free Cash FlowOCF − Capex
$30.3M
$47.8M
FCF MarginFCF / Revenue
6.2%
12.7%
Capex IntensityCapex / Revenue
3.4%
7.7%
Cash ConversionOCF / Net Profit
13.83×
4.17×
TTM Free Cash FlowTrailing 4 quarters
$83.0M
$56.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EYE
EYE
VTOL
VTOL
Q4 25
$76.9M
Q3 25
$46.6M
$23.1M
Q2 25
$54.3M
$99.0M
Q1 25
$32.2M
$-603.0K
Q4 24
$30.3M
$51.1M
Q3 24
$27.9M
$66.0M
Q2 24
$51.5M
$33.7M
Q1 24
$24.0M
$26.7M
Free Cash Flow
EYE
EYE
VTOL
VTOL
Q4 25
$47.8M
Q3 25
$30.3M
$-6.2M
Q2 25
$42.4M
$67.4M
Q1 25
$12.0M
$-52.7M
Q4 24
$-1.7M
$-32.4M
Q3 24
$4.1M
$9.0M
Q2 24
$31.9M
$-16.7M
Q1 24
$4.0M
$-37.9M
FCF Margin
EYE
EYE
VTOL
VTOL
Q4 25
12.7%
Q3 25
6.2%
-1.6%
Q2 25
8.7%
17.9%
Q1 25
2.4%
-15.0%
Q4 24
-0.4%
-9.2%
Q3 24
0.9%
2.5%
Q2 24
7.1%
-4.6%
Q1 24
0.8%
-11.2%
Capex Intensity
EYE
EYE
VTOL
VTOL
Q4 25
7.7%
Q3 25
3.4%
7.6%
Q2 25
2.4%
8.4%
Q1 25
4.0%
14.9%
Q4 24
7.3%
23.6%
Q3 24
5.3%
15.6%
Q2 24
4.3%
14.0%
Q1 24
4.1%
19.2%
Cash Conversion
EYE
EYE
VTOL
VTOL
Q4 25
4.17×
Q3 25
13.83×
0.45×
Q2 25
6.22×
3.12×
Q1 25
2.27×
-0.02×
Q4 24
1.61×
Q3 24
2.34×
Q2 24
1.20×
Q1 24
2.05×
4.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EYE
EYE

Segment breakdown not available.

VTOL
VTOL

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

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