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Side-by-side financial comparison of Forestar Group Inc. (FOR) 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 $273.0M, roughly 1.4× Forestar Group Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs 4.9%, a 0.8% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 6.7%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $-157.1M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs -9.6%).
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
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.
FOR vs VTOL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $377.3M |
| Net Profit | $15.4M | $18.4M |
| Gross Margin | 20.1% | — |
| Operating Margin | 7.6% | 8.5% |
| Net Margin | 5.6% | 4.9% |
| Revenue YoY | 9.0% | 6.7% |
| Net Profit YoY | -6.7% | -42.1% |
| EPS (diluted) | $0.30 | $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 | $273.0M | $377.3M | ||
| Q3 25 | $670.5M | $386.3M | ||
| Q2 25 | $390.5M | $376.4M | ||
| Q1 25 | $351.0M | $350.5M | ||
| Q4 24 | $250.4M | $353.5M | ||
| Q3 24 | $551.3M | $365.1M | ||
| Q2 24 | $318.4M | $359.7M | ||
| Q1 24 | $333.8M | $337.1M |
| Q4 25 | $15.4M | $18.4M | ||
| Q3 25 | $86.9M | $51.5M | ||
| Q2 25 | $32.9M | $31.7M | ||
| Q1 25 | $31.6M | $27.4M | ||
| Q4 24 | $16.5M | $31.8M | ||
| Q3 24 | $81.5M | $28.2M | ||
| Q2 24 | $38.7M | $28.2M | ||
| Q1 24 | $45.0M | $6.6M |
| Q4 25 | 20.1% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | 22.5% | — | ||
| Q1 24 | 24.9% | — |
| Q4 25 | 7.6% | 8.5% | ||
| Q3 25 | 16.9% | 13.1% | ||
| Q2 25 | 11.2% | 11.3% | ||
| Q1 25 | 11.6% | 9.6% | ||
| Q4 24 | 8.7% | 9.0% | ||
| Q3 24 | 19.7% | 9.1% | ||
| Q2 24 | 16.2% | 12.4% | ||
| Q1 24 | 17.6% | 6.8% |
| Q4 25 | 5.6% | 4.9% | ||
| Q3 25 | 13.0% | 13.3% | ||
| Q2 25 | 8.4% | 8.4% | ||
| Q1 25 | 9.0% | 7.8% | ||
| Q4 24 | 6.6% | 9.0% | ||
| Q3 24 | 14.8% | 7.7% | ||
| Q2 24 | 12.2% | 7.8% | ||
| Q1 24 | 13.5% | 2.0% |
| Q4 25 | $0.30 | $0.61 | ||
| Q3 25 | $1.70 | $1.72 | ||
| Q2 25 | $0.65 | $1.07 | ||
| Q1 25 | $0.62 | $0.92 | ||
| Q4 24 | $0.32 | $1.07 | ||
| Q3 24 | $1.59 | $0.95 | ||
| Q2 24 | $0.76 | $0.96 | ||
| Q1 24 | $0.89 | $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 | $211.7M | $286.2M |
| Total DebtLower is stronger | $793.2M | $671.5M |
| Stockholders' EquityBook value | $1.8B | $1.1B |
| Total Assets | $3.2B | $2.3B |
| Debt / EquityLower = less leverage | 0.44× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $286.2M | ||
| Q3 25 | $379.2M | $245.5M | ||
| Q2 25 | $189.2M | $251.8M | ||
| Q1 25 | $174.3M | $191.1M | ||
| Q4 24 | $132.0M | $247.5M | ||
| Q3 24 | $481.2M | $200.3M | ||
| Q2 24 | $359.2M | $178.6M | ||
| Q1 24 | $416.2M | $140.6M |
| Q4 25 | $793.2M | $671.5M | ||
| Q3 25 | $802.7M | $675.0M | ||
| Q2 25 | $872.8M | $705.2M | ||
| Q1 25 | $872.5M | $701.9M | ||
| Q4 24 | $806.8M | $689.8M | ||
| Q3 24 | $706.4M | $629.1M | ||
| Q2 24 | $706.1M | $594.2M | ||
| Q1 24 | $705.7M | $544.1M |
| Q4 25 | $1.8B | $1.1B | ||
| Q3 25 | $1.8B | $1.0B | ||
| Q2 25 | $1.7B | $984.4M | ||
| Q1 25 | $1.6B | $931.7M | ||
| Q4 24 | $1.6B | $891.7M | ||
| Q3 24 | $1.6B | $899.2M | ||
| Q2 24 | $1.5B | $849.1M | ||
| Q1 24 | $1.5B | $820.7M |
| Q4 25 | $3.2B | $2.3B | ||
| Q3 25 | $3.1B | $2.3B | ||
| Q2 25 | $3.1B | $2.3B | ||
| Q1 25 | $3.0B | $2.2B | ||
| Q4 24 | $3.0B | $2.1B | ||
| Q3 24 | $2.8B | $2.1B | ||
| Q2 24 | $2.7B | $2.0B | ||
| Q1 24 | $2.6B | $1.9B |
| Q4 25 | 0.44× | 0.63× | ||
| Q3 25 | 0.45× | 0.65× | ||
| Q2 25 | 0.52× | 0.72× | ||
| Q1 25 | 0.53× | 0.75× | ||
| Q4 24 | 0.50× | 0.77× | ||
| Q3 24 | 0.44× | 0.70× | ||
| Q2 24 | 0.47× | 0.70× | ||
| Q1 24 | 0.48× | 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 | $-157.0M | $76.9M |
| Free Cash FlowOCF − Capex | $-157.1M | $47.8M |
| FCF MarginFCF / Revenue | -57.5% | 12.7% |
| Capex IntensityCapex / Revenue | 0.0% | 7.7% |
| Cash ConversionOCF / Net Profit | -10.19× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $76.9M | ||
| Q3 25 | $256.3M | $23.1M | ||
| Q2 25 | $15.8M | $99.0M | ||
| Q1 25 | $-19.8M | $-603.0K | ||
| Q4 24 | $-450.0M | $51.1M | ||
| Q3 24 | $119.2M | $66.0M | ||
| Q2 24 | $-61.7M | $33.7M | ||
| Q1 24 | $-59.2M | $26.7M |
| Q4 25 | $-157.1M | $47.8M | ||
| Q3 25 | $255.6M | $-6.2M | ||
| Q2 25 | $15.0M | $67.4M | ||
| Q1 25 | $-20.5M | $-52.7M | ||
| Q4 24 | — | $-32.4M | ||
| Q3 24 | $118.4M | $9.0M | ||
| Q2 24 | $-62.3M | $-16.7M | ||
| Q1 24 | $-59.8M | $-37.9M |
| Q4 25 | -57.5% | 12.7% | ||
| Q3 25 | 38.1% | -1.6% | ||
| Q2 25 | 3.8% | 17.9% | ||
| Q1 25 | -5.8% | -15.0% | ||
| Q4 24 | — | -9.2% | ||
| Q3 24 | 21.5% | 2.5% | ||
| Q2 24 | -19.6% | -4.6% | ||
| Q1 24 | -17.9% | -11.2% |
| Q4 25 | 0.0% | 7.7% | ||
| Q3 25 | 0.1% | 7.6% | ||
| Q2 25 | 0.2% | 8.4% | ||
| Q1 25 | 0.2% | 14.9% | ||
| Q4 24 | 0.0% | 23.6% | ||
| Q3 24 | 0.1% | 15.6% | ||
| Q2 24 | 0.2% | 14.0% | ||
| Q1 24 | 0.2% | 19.2% |
| Q4 25 | -10.19× | 4.17× | ||
| Q3 25 | 2.95× | 0.45× | ||
| Q2 25 | 0.48× | 3.12× | ||
| Q1 25 | -0.63× | -0.02× | ||
| Q4 24 | -27.27× | 1.61× | ||
| Q3 24 | 1.46× | 2.34× | ||
| Q2 24 | -1.59× | 1.20× | ||
| Q1 24 | -1.32× | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
