vs
Side-by-side financial comparison of IHS Holding Ltd (IHS) 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 $254.0M, roughly 1.5× IHS Holding Ltd). On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $47.8M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs -22.0%).
IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world, with operations across Africa and Latin America. It is the fifth-largest independent multinational tower company in the world.
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.
IHS vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $377.3M |
| Net Profit | — | $18.4M |
| Gross Margin | 83.6% | — |
| Operating Margin | — | 8.5% |
| Net Margin | — | 4.9% |
| Revenue YoY | 0.1% | 6.7% |
| Net Profit YoY | — | -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 | $254.0M | $377.3M | ||
| Q3 25 | $455.1M | $386.3M | ||
| Q2 25 | $433.3M | $376.4M | ||
| Q1 25 | $439.6M | $350.5M | ||
| Q4 24 | $253.8M | $353.5M | ||
| Q3 24 | $420.3M | $365.1M | ||
| Q2 24 | $435.4M | $359.7M | ||
| Q1 24 | $417.7M | $337.1M |
| Q4 25 | — | $18.4M | ||
| Q3 25 | $147.4M | $51.5M | ||
| Q2 25 | $32.3M | $31.7M | ||
| Q1 25 | $30.7M | $27.4M | ||
| Q4 24 | — | $31.8M | ||
| Q3 24 | $-205.7M | $28.2M | ||
| Q2 24 | $-124.3M | $28.2M | ||
| Q1 24 | $-1.6B | $6.6M |
| Q4 25 | 83.6% | — | ||
| Q3 25 | 47.5% | — | ||
| Q2 25 | 51.3% | — | ||
| Q1 25 | 51.4% | — | ||
| Q4 24 | 72.1% | — | ||
| Q3 24 | 52.0% | — | ||
| Q2 24 | 52.5% | — | ||
| Q1 24 | 39.1% | — |
| Q4 25 | — | 8.5% | ||
| Q3 25 | 35.1% | 13.1% | ||
| Q2 25 | 33.8% | 11.3% | ||
| Q1 25 | 37.1% | 9.6% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | 29.9% | 9.1% | ||
| Q2 24 | 34.0% | 12.4% | ||
| Q1 24 | -1.7% | 6.8% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | 32.4% | 13.3% | ||
| Q2 25 | 7.5% | 8.4% | ||
| Q1 25 | 7.0% | 7.8% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | -48.9% | 7.7% | ||
| Q2 24 | -28.5% | 7.8% | ||
| Q1 24 | -372.8% | 2.0% |
| Q4 25 | — | $0.61 | ||
| Q3 25 | $0.44 | $1.72 | ||
| Q2 25 | $0.10 | $1.07 | ||
| Q1 25 | $0.10 | $0.92 | ||
| Q4 24 | — | $1.07 | ||
| Q3 24 | $-0.61 | $0.95 | ||
| Q2 24 | $-0.36 | $0.96 | ||
| Q1 24 | $-4.67 | $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 | $825.7M | $286.2M |
| Total DebtLower is stronger | $3.1B | $671.5M |
| Stockholders' EquityBook value | $-89.8M | $1.1B |
| Total Assets | $4.5B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | $286.2M | ||
| Q3 25 | $647.6M | $245.5M | ||
| Q2 25 | $531.8M | $251.8M | ||
| Q1 25 | $629.0M | $191.1M | ||
| Q4 24 | $578.0M | $247.5M | ||
| Q3 24 | $397.5M | $200.3M | ||
| Q2 24 | $445.7M | $178.6M | ||
| Q1 24 | $333.2M | $140.6M |
| Q4 25 | $3.1B | $671.5M | ||
| Q3 25 | $3.3B | $675.0M | ||
| Q2 25 | $3.2B | $705.2M | ||
| Q1 25 | $3.4B | $701.9M | ||
| Q4 24 | $3.3B | $689.8M | ||
| Q3 24 | $3.5B | $629.1M | ||
| Q2 24 | $3.6B | $594.2M | ||
| Q1 24 | $3.5B | $544.1M |
| Q4 25 | $-89.8M | $1.1B | ||
| Q3 25 | $38.1M | $1.0B | ||
| Q2 25 | $-98.4M | $984.4M | ||
| Q1 25 | $-184.4M | $931.7M | ||
| Q4 24 | $-314.4M | $891.7M | ||
| Q3 24 | $-284.7M | $899.2M | ||
| Q2 24 | $-308.3M | $849.1M | ||
| Q1 24 | $-163.2M | $820.7M |
| Q4 25 | $4.5B | $2.3B | ||
| Q3 25 | $4.7B | $2.3B | ||
| Q2 25 | $4.5B | $2.3B | ||
| Q1 25 | $4.4B | $2.2B | ||
| Q4 24 | $4.2B | $2.1B | ||
| Q3 24 | $4.6B | $2.1B | ||
| Q2 24 | $4.5B | $2.0B | ||
| Q1 24 | $4.6B | $1.9B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | 85.85× | 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 | $246.9M | $76.9M |
| Free Cash FlowOCF − Capex | $178.6M | $47.8M |
| FCF MarginFCF / Revenue | 70.3% | 12.7% |
| Capex IntensityCapex / Revenue | 26.9% | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $76.9M | ||
| Q3 25 | $251.3M | $23.1M | ||
| Q2 25 | $237.7M | $99.0M | ||
| Q1 25 | $200.3M | $-603.0K | ||
| Q4 24 | $344.4M | $51.1M | ||
| Q3 24 | $174.5M | $66.0M | ||
| Q2 24 | $134.7M | $33.7M | ||
| Q1 24 | $75.8M | $26.7M |
| Q4 25 | $178.6M | $47.8M | ||
| Q3 25 | $189.2M | $-6.2M | ||
| Q2 25 | $197.7M | $67.4M | ||
| Q1 25 | $153.2M | $-52.7M | ||
| Q4 24 | $282.9M | $-32.4M | ||
| Q3 24 | $122.3M | $9.0M | ||
| Q2 24 | $74.2M | $-16.7M | ||
| Q1 24 | $14.8M | $-37.9M |
| Q4 25 | 70.3% | 12.7% | ||
| Q3 25 | 41.6% | -1.6% | ||
| Q2 25 | 45.6% | 17.9% | ||
| Q1 25 | 34.8% | -15.0% | ||
| Q4 24 | 111.5% | -9.2% | ||
| Q3 24 | 29.1% | 2.5% | ||
| Q2 24 | 17.0% | -4.6% | ||
| Q1 24 | 3.5% | -11.2% |
| Q4 25 | 26.9% | 7.7% | ||
| Q3 25 | 13.6% | 7.6% | ||
| Q2 25 | 9.2% | 8.4% | ||
| Q1 25 | 10.7% | 14.9% | ||
| Q4 24 | 24.2% | 23.6% | ||
| Q3 24 | 12.4% | 15.6% | ||
| Q2 24 | 13.9% | 14.0% | ||
| Q1 24 | 14.6% | 19.2% |
| Q4 25 | — | 4.17× | ||
| Q3 25 | 1.70× | 0.45× | ||
| Q2 25 | 7.36× | 3.12× | ||
| Q1 25 | 6.52× | -0.02× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IHS
Segment breakdown not available.
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
