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Side-by-side financial comparison of MARINEMAX INC (HZO) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
MARINEMAX INC is the larger business by last-quarter revenue ($527.4M vs $377.3M, roughly 1.4× Bristow Group Inc.). On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs -16.5%). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs -16.6%).
MarineMax Inc. is a leading recreational boat and yacht retailer primarily operating in the United States. It offers new and pre-owned leisure vessels, alongside related services including maintenance, repair, financing, insurance coverage, yacht chartering, and boating lifestyle events, catering to private boating enthusiasts across North America.
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.
HZO vs VTOL — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $527.4M | $377.3M |
| Net Profit | — | $18.4M |
| Gross Margin | 34.4% | — |
| Operating Margin | 2.1% | 8.5% |
| Net Margin | — | 4.9% |
| Revenue YoY | -16.5% | 6.7% |
| Net Profit YoY | — | -42.1% |
| EPS (diluted) | $0.14 | $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.
| Q1 26 | $527.4M | — | ||
| Q4 25 | $505.2M | $377.3M | ||
| Q3 25 | $552.2M | $386.3M | ||
| Q2 25 | $657.2M | $376.4M | ||
| Q1 25 | $631.5M | $350.5M | ||
| Q4 24 | $468.5M | $353.5M | ||
| Q3 24 | $563.1M | $365.1M | ||
| Q2 24 | $757.7M | $359.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-7.9M | $18.4M | ||
| Q3 25 | $-851.0K | $51.5M | ||
| Q2 25 | $-52.1M | $31.7M | ||
| Q1 25 | $3.3M | $27.4M | ||
| Q4 24 | $18.1M | $31.8M | ||
| Q3 24 | $4.0M | $28.2M | ||
| Q2 24 | $31.6M | $28.2M |
| Q1 26 | 34.4% | — | ||
| Q4 25 | 31.8% | — | ||
| Q3 25 | 34.7% | — | ||
| Q2 25 | 30.4% | — | ||
| Q1 25 | 30.0% | — | ||
| Q4 24 | 36.2% | — | ||
| Q3 24 | 34.3% | — | ||
| Q2 24 | 32.0% | — |
| Q1 26 | 2.1% | — | ||
| Q4 25 | 1.0% | 8.5% | ||
| Q3 25 | 2.5% | 13.1% | ||
| Q2 25 | -6.3% | 11.3% | ||
| Q1 25 | 3.6% | 9.6% | ||
| Q4 24 | 8.3% | 9.0% | ||
| Q3 24 | 4.8% | 9.1% | ||
| Q2 24 | 8.1% | 12.4% |
| Q1 26 | — | — | ||
| Q4 25 | -1.6% | 4.9% | ||
| Q3 25 | -0.2% | 13.3% | ||
| Q2 25 | -7.9% | 8.4% | ||
| Q1 25 | 0.5% | 7.8% | ||
| Q4 24 | 3.9% | 9.0% | ||
| Q3 24 | 0.7% | 7.7% | ||
| Q2 24 | 4.2% | 7.8% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.36 | $0.61 | ||
| Q3 25 | $0.08 | $1.72 | ||
| Q2 25 | $-2.42 | $1.07 | ||
| Q1 25 | $0.14 | $0.92 | ||
| Q4 24 | $0.77 | $1.07 | ||
| Q3 24 | $0.17 | $0.95 | ||
| Q2 24 | $1.37 | $0.96 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $189.1M | $286.2M |
| Total DebtLower is stronger | $338.7M | $671.5M |
| Stockholders' EquityBook value | — | $1.1B |
| Total Assets | $2.4B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $189.1M | — | ||
| Q4 25 | $164.6M | $286.2M | ||
| Q3 25 | $170.4M | $245.5M | ||
| Q2 25 | $151.0M | $251.8M | ||
| Q1 25 | $203.5M | $191.1M | ||
| Q4 24 | $145.0M | $247.5M | ||
| Q3 24 | $224.3M | $200.3M | ||
| Q2 24 | $242.4M | $178.6M |
| Q1 26 | $338.7M | — | ||
| Q4 25 | — | $671.5M | ||
| Q3 25 | $393.2M | $675.0M | ||
| Q2 25 | — | $705.2M | ||
| Q1 25 | — | $701.9M | ||
| Q4 24 | — | $689.8M | ||
| Q3 24 | $391.2M | $629.1M | ||
| Q2 24 | — | $594.2M |
| Q1 26 | — | — | ||
| Q4 25 | $932.8M | $1.1B | ||
| Q3 25 | $937.2M | $1.0B | ||
| Q2 25 | $940.5M | $984.4M | ||
| Q1 25 | $993.4M | $931.7M | ||
| Q4 24 | $993.5M | $891.7M | ||
| Q3 24 | $975.8M | $899.2M | ||
| Q2 24 | $967.6M | $849.1M |
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $2.3B | ||
| Q3 25 | $2.5B | $2.3B | ||
| Q2 25 | $2.5B | $2.3B | ||
| Q1 25 | $2.7B | $2.2B | ||
| Q4 24 | $2.6B | $2.1B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $2.6B | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.63× | ||
| Q3 25 | 0.42× | 0.65× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.77× | ||
| Q3 24 | 0.40× | 0.70× | ||
| Q2 24 | — | 0.70× |
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 | — | $76.9M |
| Free Cash FlowOCF − Capex | — | $47.8M |
| FCF MarginFCF / Revenue | — | 12.7% |
| Capex IntensityCapex / Revenue | — | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $16.9M | $76.9M | ||
| Q3 25 | $61.5M | $23.1M | ||
| Q2 25 | $84.9M | $99.0M | ||
| Q1 25 | $72.5M | $-603.0K | ||
| Q4 24 | $-146.1M | $51.1M | ||
| Q3 24 | $-782.0K | $66.0M | ||
| Q2 24 | $86.3M | $33.7M |
| Q1 26 | — | — | ||
| Q4 25 | $8.3M | $47.8M | ||
| Q3 25 | $48.0M | $-6.2M | ||
| Q2 25 | $68.5M | $67.4M | ||
| Q1 25 | $59.8M | $-52.7M | ||
| Q4 24 | $-164.4M | $-32.4M | ||
| Q3 24 | $-17.5M | $9.0M | ||
| Q2 24 | $71.1M | $-16.7M |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 12.7% | ||
| Q3 25 | 8.7% | -1.6% | ||
| Q2 25 | 10.4% | 17.9% | ||
| Q1 25 | 9.5% | -15.0% | ||
| Q4 24 | -35.1% | -9.2% | ||
| Q3 24 | -3.1% | 2.5% | ||
| Q2 24 | 9.4% | -4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 7.7% | ||
| Q3 25 | 2.4% | 7.6% | ||
| Q2 25 | 2.5% | 8.4% | ||
| Q1 25 | 2.0% | 14.9% | ||
| Q4 24 | 3.9% | 23.6% | ||
| Q3 24 | 3.0% | 15.6% | ||
| Q2 24 | 2.0% | 14.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.17× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 3.12× | ||
| Q1 25 | 21.97× | -0.02× | ||
| Q4 24 | -8.09× | 1.61× | ||
| Q3 24 | -0.20× | 2.34× | ||
| Q2 24 | 2.74× | 1.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HZO
| Retail Operations | $525.3M | 100% |
| Product Manufacturing | $23.7M | 4% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
