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Side-by-side financial comparison of FIGS, Inc. (FIGS) 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 $201.9M, roughly 1.9× FIGS, Inc.). FIGS, Inc. runs the higher net margin — 9.2% vs 4.9%, a 4.3% gap on every dollar of revenue. On growth, FIGS, Inc. posted the faster year-over-year revenue change (33.0% vs 6.7%). FIGS, Inc. produced more free cash flow last quarter ($58.1M vs $47.8M). Over the past eight quarters, FIGS, Inc.'s revenue compounded faster (30.1% CAGR vs 5.8%).

Figs is an American clothing company based in Santa Monica, California. The company sells scrubs and other products for healthcare professionals. It was founded in 2013 by Heather Hasson and Trina Spear, who are co-CEOs.

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.

FIGS vs VTOL — Head-to-Head

Bigger by revenue
VTOL
VTOL
1.9× larger
VTOL
$377.3M
$201.9M
FIGS
Growing faster (revenue YoY)
FIGS
FIGS
+26.3% gap
FIGS
33.0%
6.7%
VTOL
Higher net margin
FIGS
FIGS
4.3% more per $
FIGS
9.2%
4.9%
VTOL
More free cash flow
FIGS
FIGS
$10.3M more FCF
FIGS
$58.1M
$47.8M
VTOL
Faster 2-yr revenue CAGR
FIGS
FIGS
Annualised
FIGS
30.1%
5.8%
VTOL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FIGS
FIGS
VTOL
VTOL
Revenue
$201.9M
$377.3M
Net Profit
$18.5M
$18.4M
Gross Margin
62.9%
Operating Margin
9.3%
8.5%
Net Margin
9.2%
4.9%
Revenue YoY
33.0%
6.7%
Net Profit YoY
881.8%
-42.1%
EPS (diluted)
$0.10
$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
FIGS
FIGS
VTOL
VTOL
Q4 25
$201.9M
$377.3M
Q3 25
$151.7M
$386.3M
Q2 25
$152.6M
$376.4M
Q1 25
$124.9M
$350.5M
Q4 24
$151.8M
$353.5M
Q3 24
$140.2M
$365.1M
Q2 24
$144.2M
$359.7M
Q1 24
$119.3M
$337.1M
Net Profit
FIGS
FIGS
VTOL
VTOL
Q4 25
$18.5M
$18.4M
Q3 25
$8.7M
$51.5M
Q2 25
$7.1M
$31.7M
Q1 25
$-102.0K
$27.4M
Q4 24
$1.9M
$31.8M
Q3 24
$-1.7M
$28.2M
Q2 24
$1.1M
$28.2M
Q1 24
$1.4M
$6.6M
Gross Margin
FIGS
FIGS
VTOL
VTOL
Q4 25
62.9%
Q3 25
69.9%
Q2 25
67.0%
Q1 25
67.6%
Q4 24
67.3%
Q3 24
67.1%
Q2 24
67.4%
Q1 24
68.9%
Operating Margin
FIGS
FIGS
VTOL
VTOL
Q4 25
9.3%
8.5%
Q3 25
6.4%
13.1%
Q2 25
6.5%
11.3%
Q1 25
-0.2%
9.6%
Q4 24
5.9%
9.0%
Q3 24
-6.2%
9.1%
Q2 24
1.1%
12.4%
Q1 24
0.4%
6.8%
Net Margin
FIGS
FIGS
VTOL
VTOL
Q4 25
9.2%
4.9%
Q3 25
5.8%
13.3%
Q2 25
4.7%
8.4%
Q1 25
-0.1%
7.8%
Q4 24
1.2%
9.0%
Q3 24
-1.2%
7.7%
Q2 24
0.8%
7.8%
Q1 24
1.2%
2.0%
EPS (diluted)
FIGS
FIGS
VTOL
VTOL
Q4 25
$0.10
$0.61
Q3 25
$0.05
$1.72
Q2 25
$0.04
$1.07
Q1 25
$0.00
$0.92
Q4 24
$0.01
$1.07
Q3 24
$-0.01
$0.95
Q2 24
$0.01
$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
FIGS
FIGS
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$82.0M
$286.2M
Total DebtLower is stronger
$671.5M
Stockholders' EquityBook value
$437.5M
$1.1B
Total Assets
$580.0M
$2.3B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGS
FIGS
VTOL
VTOL
Q4 25
$82.0M
$286.2M
Q3 25
$46.5M
$245.5M
Q2 25
$50.8M
$251.8M
Q1 25
$90.0M
$191.1M
Q4 24
$85.6M
$247.5M
Q3 24
$124.1M
$200.3M
Q2 24
$131.8M
$178.6M
Q1 24
$155.3M
$140.6M
Total Debt
FIGS
FIGS
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
FIGS
FIGS
VTOL
VTOL
Q4 25
$437.5M
$1.1B
Q3 25
$413.3M
$1.0B
Q2 25
$396.5M
$984.4M
Q1 25
$381.5M
$931.7M
Q4 24
$377.1M
$891.7M
Q3 24
$403.5M
$899.2M
Q2 24
$401.7M
$849.1M
Q1 24
$389.9M
$820.7M
Total Assets
FIGS
FIGS
VTOL
VTOL
Q4 25
$580.0M
$2.3B
Q3 25
$544.7M
$2.3B
Q2 25
$517.1M
$2.3B
Q1 25
$522.3M
$2.2B
Q4 24
$509.8M
$2.1B
Q3 24
$542.5M
$2.1B
Q2 24
$526.0M
$2.0B
Q1 24
$510.9M
$1.9B
Debt / Equity
FIGS
FIGS
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
FIGS
FIGS
VTOL
VTOL
Operating Cash FlowLast quarter
$60.9M
$76.9M
Free Cash FlowOCF − Capex
$58.1M
$47.8M
FCF MarginFCF / Revenue
28.8%
12.7%
Capex IntensityCapex / Revenue
1.4%
7.7%
Cash ConversionOCF / Net Profit
3.29×
4.17×
TTM Free Cash FlowTrailing 4 quarters
$53.0M
$56.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIGS
FIGS
VTOL
VTOL
Q4 25
$60.9M
$76.9M
Q3 25
$3.4M
$23.1M
Q2 25
$-12.4M
$99.0M
Q1 25
$9.2M
$-603.0K
Q4 24
$30.4M
$51.1M
Q3 24
$22.6M
$66.0M
Q2 24
$16.5M
$33.7M
Q1 24
$11.6M
$26.7M
Free Cash Flow
FIGS
FIGS
VTOL
VTOL
Q4 25
$58.1M
$47.8M
Q3 25
$531.0K
$-6.2M
Q2 25
$-13.5M
$67.4M
Q1 25
$7.9M
$-52.7M
Q4 24
$27.1M
$-32.4M
Q3 24
$18.4M
$9.0M
Q2 24
$7.5M
$-16.7M
Q1 24
$11.1M
$-37.9M
FCF Margin
FIGS
FIGS
VTOL
VTOL
Q4 25
28.8%
12.7%
Q3 25
0.4%
-1.6%
Q2 25
-8.9%
17.9%
Q1 25
6.3%
-15.0%
Q4 24
17.8%
-9.2%
Q3 24
13.1%
2.5%
Q2 24
5.2%
-4.6%
Q1 24
9.3%
-11.2%
Capex Intensity
FIGS
FIGS
VTOL
VTOL
Q4 25
1.4%
7.7%
Q3 25
1.9%
7.6%
Q2 25
0.7%
8.4%
Q1 25
1.0%
14.9%
Q4 24
2.2%
23.6%
Q3 24
3.0%
15.6%
Q2 24
6.2%
14.0%
Q1 24
0.4%
19.2%
Cash Conversion
FIGS
FIGS
VTOL
VTOL
Q4 25
3.29×
4.17×
Q3 25
0.39×
0.45×
Q2 25
-1.75×
3.12×
Q1 25
-0.02×
Q4 24
16.14×
1.61×
Q3 24
2.34×
Q2 24
15.04×
1.20×
Q1 24
8.10×
4.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FIGS
FIGS

Scrubwear$154.9M77%
Non Scrubwear Lifestyle$47.0M23%

VTOL
VTOL

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

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