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Side-by-side financial comparison of Hamilton Lane INC (HLNE) 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 $198.6M, roughly 1.9× Hamilton Lane INC). Hamilton Lane INC runs the higher net margin — 29.4% vs 4.9%, a 24.5% gap on every dollar of revenue. On growth, Hamilton Lane INC posted the faster year-over-year revenue change (18.0% vs 6.7%). Hamilton Lane INC produced more free cash flow last quarter ($72.4M vs $47.8M). Over the past eight quarters, Hamilton Lane INC's revenue compounded faster (6.0% CAGR vs 5.8%).
Hamilton Lane Incorporated is an American alternative investment management and advisory company headquartered in Conshohocken, Pennsylvania. The company provides private markets investments to its clients.
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.
HLNE vs VTOL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $198.6M | $377.3M |
| Net Profit | $58.4M | $18.4M |
| Gross Margin | — | — |
| Operating Margin | 60.5% | 8.5% |
| Net Margin | 29.4% | 4.9% |
| Revenue YoY | 18.0% | 6.7% |
| Net Profit YoY | 10.2% | -42.1% |
| EPS (diluted) | — | $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 | $198.6M | $377.3M | ||
| Q3 25 | $190.9M | $386.3M | ||
| Q2 25 | $176.0M | $376.4M | ||
| Q1 25 | $198.0M | $350.5M | ||
| Q4 24 | $168.3M | $353.5M | ||
| Q3 24 | $150.0M | $365.1M | ||
| Q2 24 | $196.7M | $359.7M | ||
| Q1 24 | $176.7M | $337.1M |
| Q4 25 | $58.4M | $18.4M | ||
| Q3 25 | $70.9M | $51.5M | ||
| Q2 25 | $53.7M | $31.7M | ||
| Q1 25 | $50.5M | $27.4M | ||
| Q4 24 | $53.0M | $31.8M | ||
| Q3 24 | $55.0M | $28.2M | ||
| Q2 24 | $59.0M | $28.2M | ||
| Q1 24 | $48.4M | $6.6M |
| Q4 25 | 60.5% | 8.5% | ||
| Q3 25 | 61.6% | 13.1% | ||
| Q2 25 | 54.2% | 11.3% | ||
| Q1 25 | 44.6% | 9.6% | ||
| Q4 24 | 53.6% | 9.0% | ||
| Q3 24 | 51.4% | 9.1% | ||
| Q2 24 | 54.3% | 12.4% | ||
| Q1 24 | 55.0% | 6.8% |
| Q4 25 | 29.4% | 4.9% | ||
| Q3 25 | 37.1% | 13.3% | ||
| Q2 25 | 30.5% | 8.4% | ||
| Q1 25 | 25.5% | 7.8% | ||
| Q4 24 | 31.5% | 9.0% | ||
| Q3 24 | 36.7% | 7.7% | ||
| Q2 24 | 30.0% | 7.8% | ||
| Q1 24 | 27.4% | 2.0% |
| Q4 25 | — | $0.61 | ||
| Q3 25 | — | $1.72 | ||
| Q2 25 | — | $1.07 | ||
| Q1 25 | — | $0.92 | ||
| Q4 24 | — | $1.07 | ||
| Q3 24 | — | $0.95 | ||
| Q2 24 | — | $0.96 | ||
| Q1 24 | — | $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 | — | $286.2M |
| Total DebtLower is stronger | $279.5M | $671.5M |
| Stockholders' EquityBook value | $877.4M | $1.1B |
| Total Assets | $2.2B | $2.3B |
| Debt / EquityLower = less leverage | 0.32× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| 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 | ||
| Q1 24 | — | $140.6M |
| Q4 25 | $279.5M | $671.5M | ||
| Q3 25 | $285.6M | $675.0M | ||
| Q2 25 | $288.6M | $705.2M | ||
| Q1 25 | $290.3M | $701.9M | ||
| Q4 24 | $292.0M | $689.8M | ||
| Q3 24 | $195.0M | $629.1M | ||
| Q2 24 | $195.6M | $594.2M | ||
| Q1 24 | $196.2M | $544.1M |
| Q4 25 | $877.4M | $1.1B | ||
| Q3 25 | $825.8M | $1.0B | ||
| Q2 25 | $758.8M | $984.4M | ||
| Q1 25 | $717.3M | $931.7M | ||
| Q4 24 | $649.3M | $891.7M | ||
| Q3 24 | $606.6M | $899.2M | ||
| Q2 24 | $566.4M | $849.1M | ||
| Q1 24 | $525.2M | $820.7M |
| Q4 25 | $2.2B | $2.3B | ||
| Q3 25 | $2.0B | $2.3B | ||
| Q2 25 | $1.8B | $2.3B | ||
| Q1 25 | $1.7B | $2.2B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.3B | $1.9B |
| Q4 25 | 0.32× | 0.63× | ||
| Q3 25 | 0.35× | 0.65× | ||
| Q2 25 | 0.38× | 0.72× | ||
| Q1 25 | 0.40× | 0.75× | ||
| Q4 24 | 0.45× | 0.77× | ||
| Q3 24 | 0.32× | 0.70× | ||
| Q2 24 | 0.35× | 0.70× | ||
| Q1 24 | 0.37× | 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 | $74.1M | $76.9M |
| Free Cash FlowOCF − Capex | $72.4M | $47.8M |
| FCF MarginFCF / Revenue | 36.5% | 12.7% |
| Capex IntensityCapex / Revenue | 0.8% | 7.7% |
| Cash ConversionOCF / Net Profit | 1.27× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $606.5M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $74.1M | $76.9M | ||
| Q3 25 | $118.9M | $23.1M | ||
| Q2 25 | $128.9M | $99.0M | ||
| Q1 25 | $300.8M | $-603.0K | ||
| Q4 24 | $64.4M | $51.1M | ||
| Q3 24 | $117.4M | $66.0M | ||
| Q2 24 | $79.7M | $33.7M | ||
| Q1 24 | $120.9M | $26.7M |
| Q4 25 | $72.4M | $47.8M | ||
| Q3 25 | $117.8M | $-6.2M | ||
| Q2 25 | $127.6M | $67.4M | ||
| Q1 25 | $288.7M | $-52.7M | ||
| Q4 24 | $58.8M | $-32.4M | ||
| Q3 24 | $115.8M | $9.0M | ||
| Q2 24 | $78.2M | $-16.7M | ||
| Q1 24 | $109.8M | $-37.9M |
| Q4 25 | 36.5% | 12.7% | ||
| Q3 25 | 61.7% | -1.6% | ||
| Q2 25 | 72.5% | 17.9% | ||
| Q1 25 | 145.8% | -15.0% | ||
| Q4 24 | 34.9% | -9.2% | ||
| Q3 24 | 77.2% | 2.5% | ||
| Q2 24 | 39.8% | -4.6% | ||
| Q1 24 | 62.1% | -11.2% |
| Q4 25 | 0.8% | 7.7% | ||
| Q3 25 | 0.6% | 7.6% | ||
| Q2 25 | 0.8% | 8.4% | ||
| Q1 25 | 6.1% | 14.9% | ||
| Q4 24 | 3.3% | 23.6% | ||
| Q3 24 | 1.0% | 15.6% | ||
| Q2 24 | 0.8% | 14.0% | ||
| Q1 24 | 6.3% | 19.2% |
| Q4 25 | 1.27× | 4.17× | ||
| Q3 25 | 1.68× | 0.45× | ||
| Q2 25 | 2.40× | 3.12× | ||
| Q1 25 | 5.96× | -0.02× | ||
| Q4 24 | 1.22× | 1.61× | ||
| Q3 24 | 2.14× | 2.34× | ||
| Q2 24 | 1.35× | 1.20× | ||
| Q1 24 | 2.50× | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HLNE
| Management And Advisory Fee Revenue Specialized Funds | $98.5M | 50% |
| Incentive Fee Revenue Specialized Funds | $39.4M | 20% |
| Management And Advisory Fee Revenue Customized Separate Accounts | $36.1M | 18% |
| Management And Advisory Fee Revenue Reporting And Other | $9.3M | 5% |
| Incentive Fee Revenue Customized Separate Accounts | $5.9M | 3% |
| Management And Advisory Fee Revenue Advisory | $4.8M | 2% |
| Management And Advisory Fee Revenue Fund Reimbursement Revenue | $3.9M | 2% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
