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Side-by-side financial comparison of HCI Group, Inc. (HCI) 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 $246.2M, roughly 1.5× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 4.9%, a 34.8% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 6.7%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $47.8M). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% CAGR vs 5.8%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
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.
HCI vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $246.2M | $377.3M |
| Net Profit | $97.7M | $18.4M |
| Gross Margin | — | — |
| Operating Margin | 58.5% | 8.5% |
| Net Margin | 39.7% | 4.9% |
| Revenue YoY | 52.1% | 6.7% |
| Net Profit YoY | 3679.2% | -42.1% |
| EPS (diluted) | $7.29 | $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 | $246.2M | $377.3M | ||
| Q3 25 | $216.3M | $386.3M | ||
| Q2 25 | $221.9M | $376.4M | ||
| Q1 25 | $216.4M | $350.5M | ||
| Q4 24 | $161.9M | $353.5M | ||
| Q3 24 | $175.3M | $365.1M | ||
| Q2 24 | $206.2M | $359.7M | ||
| Q1 24 | $206.6M | $337.1M |
| Q4 25 | $97.7M | $18.4M | ||
| Q3 25 | $65.5M | $51.5M | ||
| Q2 25 | $66.2M | $31.7M | ||
| Q1 25 | $69.7M | $27.4M | ||
| Q4 24 | $2.6M | $31.8M | ||
| Q3 24 | $5.7M | $28.2M | ||
| Q2 24 | $54.1M | $28.2M | ||
| Q1 24 | $47.6M | $6.6M |
| Q4 25 | 58.5% | 8.5% | ||
| Q3 25 | 41.9% | 13.1% | ||
| Q2 25 | 42.5% | 11.3% | ||
| Q1 25 | 46.4% | 9.6% | ||
| Q4 24 | 3.6% | 9.0% | ||
| Q3 24 | 8.0% | 9.1% | ||
| Q2 24 | 36.9% | 12.4% | ||
| Q1 24 | 37.5% | 6.8% |
| Q4 25 | 39.7% | 4.9% | ||
| Q3 25 | 30.3% | 13.3% | ||
| Q2 25 | 29.8% | 8.4% | ||
| Q1 25 | 32.2% | 7.8% | ||
| Q4 24 | 1.6% | 9.0% | ||
| Q3 24 | 3.2% | 7.7% | ||
| Q2 24 | 26.2% | 7.8% | ||
| Q1 24 | 23.0% | 2.0% |
| Q4 25 | $7.29 | $0.61 | ||
| Q3 25 | $4.90 | $1.72 | ||
| Q2 25 | $5.18 | $1.07 | ||
| Q1 25 | $5.35 | $0.92 | ||
| Q4 24 | $0.32 | $1.07 | ||
| Q3 24 | $0.52 | $0.95 | ||
| Q2 24 | $4.24 | $0.96 | ||
| Q1 24 | $3.81 | $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 | $1.2B | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $1.0B | $1.1B |
| Total Assets | $2.5B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $286.2M | ||
| Q3 25 | $987.9M | $245.5M | ||
| Q2 25 | $947.2M | $251.8M | ||
| Q1 25 | $754.5M | $191.1M | ||
| Q4 24 | $532.5M | $247.5M | ||
| Q3 24 | $518.8M | $200.3M | ||
| Q2 24 | $445.8M | $178.6M | ||
| Q1 24 | $655.4M | $140.6M |
| 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 |
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $821.8M | $1.0B | ||
| Q2 25 | $758.6M | $984.4M | ||
| Q1 25 | $522.7M | $931.7M | ||
| Q4 24 | $453.3M | $891.7M | ||
| Q3 24 | $455.3M | $899.2M | ||
| Q2 24 | $447.3M | $849.1M | ||
| Q1 24 | $395.7M | $820.7M |
| Q4 25 | $2.5B | $2.3B | ||
| Q3 25 | $2.3B | $2.3B | ||
| Q2 25 | $2.4B | $2.3B | ||
| Q1 25 | $2.3B | $2.2B | ||
| Q4 24 | $2.2B | $2.1B | ||
| Q3 24 | $2.0B | $2.1B | ||
| Q2 24 | $1.9B | $2.0B | ||
| Q1 24 | $1.8B | $1.9B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $444.4M | $76.9M |
| Free Cash FlowOCF − Capex | $440.8M | $47.8M |
| FCF MarginFCF / Revenue | 179.0% | 12.7% |
| Capex IntensityCapex / Revenue | 1.5% | 7.7% |
| Cash ConversionOCF / Net Profit | 4.55× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $771.4M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $444.4M | $76.9M | ||
| Q3 25 | $26.7M | $23.1M | ||
| Q2 25 | $145.0M | $99.0M | ||
| Q1 25 | $162.0M | $-603.0K | ||
| Q4 24 | $331.8M | $51.1M | ||
| Q3 24 | $104.1M | $66.0M | ||
| Q2 24 | $-29.0M | $33.7M | ||
| Q1 24 | $182.0M | $26.7M |
| Q4 25 | $440.8M | $47.8M | ||
| Q3 25 | $25.9M | $-6.2M | ||
| Q2 25 | $144.5M | $67.4M | ||
| Q1 25 | $160.3M | $-52.7M | ||
| Q4 24 | $327.8M | $-32.4M | ||
| Q3 24 | $103.2M | $9.0M | ||
| Q2 24 | $-30.1M | $-16.7M | ||
| Q1 24 | $181.0M | $-37.9M |
| Q4 25 | 179.0% | 12.7% | ||
| Q3 25 | 12.0% | -1.6% | ||
| Q2 25 | 65.1% | 17.9% | ||
| Q1 25 | 74.1% | -15.0% | ||
| Q4 24 | 202.5% | -9.2% | ||
| Q3 24 | 58.9% | 2.5% | ||
| Q2 24 | -14.6% | -4.6% | ||
| Q1 24 | 87.6% | -11.2% |
| Q4 25 | 1.5% | 7.7% | ||
| Q3 25 | 0.4% | 7.6% | ||
| Q2 25 | 0.2% | 8.4% | ||
| Q1 25 | 0.8% | 14.9% | ||
| Q4 24 | 2.5% | 23.6% | ||
| Q3 24 | 0.5% | 15.6% | ||
| Q2 24 | 0.5% | 14.0% | ||
| Q1 24 | 0.5% | 19.2% |
| Q4 25 | 4.55× | 4.17× | ||
| Q3 25 | 0.41× | 0.45× | ||
| Q2 25 | 2.19× | 3.12× | ||
| Q1 25 | 2.32× | -0.02× | ||
| Q4 24 | 128.41× | 1.61× | ||
| Q3 24 | 18.33× | 2.34× | ||
| Q2 24 | -0.54× | 1.20× | ||
| Q1 24 | 3.82× | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
