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Side-by-side financial comparison of MANHATTAN ASSOCIATES INC (MANH) 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 $282.2M, roughly 1.3× MANHATTAN ASSOCIATES INC). MANHATTAN ASSOCIATES INC runs the higher net margin — 17.5% vs 4.9%, a 12.6% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs 6.0%). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs 3.1%).

Computer Associates International, Inc., later CA, Inc., and CA Technologies, Inc., was an American multinational enterprise software developer and publisher that existed from 1976 to 2018. CA grew to rank as one of the largest independent software corporations in the world, and at one point was the second largest. The company created systems software that ran in IBM mainframe, distributed computing, virtual machine, and cloud computing environments.

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.

MANH vs VTOL — Head-to-Head

Bigger by revenue
VTOL
VTOL
1.3× larger
VTOL
$377.3M
$282.2M
MANH
Growing faster (revenue YoY)
VTOL
VTOL
+0.7% gap
VTOL
6.7%
6.0%
MANH
Higher net margin
MANH
MANH
12.6% more per $
MANH
17.5%
4.9%
VTOL
Faster 2-yr revenue CAGR
VTOL
VTOL
Annualised
VTOL
5.8%
3.1%
MANH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MANH
MANH
VTOL
VTOL
Revenue
$282.2M
$377.3M
Net Profit
$49.3M
$18.4M
Gross Margin
Operating Margin
23.0%
8.5%
Net Margin
17.5%
4.9%
Revenue YoY
6.0%
6.7%
Net Profit YoY
-6.3%
-42.1%
EPS (diluted)
$0.82
$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.

Revenue
MANH
MANH
VTOL
VTOL
Q1 26
$282.2M
Q4 25
$270.4M
$377.3M
Q3 25
$275.8M
$386.3M
Q2 25
$272.4M
$376.4M
Q1 25
$262.8M
$350.5M
Q4 24
$255.8M
$353.5M
Q3 24
$266.7M
$365.1M
Q2 24
$265.3M
$359.7M
Net Profit
MANH
MANH
VTOL
VTOL
Q1 26
$49.3M
Q4 25
$52.0M
$18.4M
Q3 25
$58.6M
$51.5M
Q2 25
$56.8M
$31.7M
Q1 25
$52.6M
$27.4M
Q4 24
$48.0M
$31.8M
Q3 24
$63.8M
$28.2M
Q2 24
$52.8M
$28.2M
Gross Margin
MANH
MANH
VTOL
VTOL
Q1 26
Q4 25
55.0%
Q3 25
56.6%
Q2 25
57.3%
Q1 25
56.4%
Q4 24
55.8%
Q3 24
55.5%
Q2 24
54.8%
Operating Margin
MANH
MANH
VTOL
VTOL
Q1 26
23.0%
Q4 25
24.8%
8.5%
Q3 25
27.5%
13.1%
Q2 25
27.1%
11.3%
Q1 25
24.0%
9.6%
Q4 24
23.7%
9.0%
Q3 24
28.2%
9.1%
Q2 24
25.7%
12.4%
Net Margin
MANH
MANH
VTOL
VTOL
Q1 26
17.5%
Q4 25
19.2%
4.9%
Q3 25
21.3%
13.3%
Q2 25
20.8%
8.4%
Q1 25
20.0%
7.8%
Q4 24
18.8%
9.0%
Q3 24
23.9%
7.7%
Q2 24
19.9%
7.8%
EPS (diluted)
MANH
MANH
VTOL
VTOL
Q1 26
$0.82
Q4 25
$0.86
$0.61
Q3 25
$0.96
$1.72
Q2 25
$0.93
$1.07
Q1 25
$0.85
$0.92
Q4 24
$0.77
$1.07
Q3 24
$1.03
$0.95
Q2 24
$0.85
$0.96

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MANH
MANH
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$226.1M
$286.2M
Total DebtLower is stronger
$671.5M
Stockholders' EquityBook value
$205.2M
$1.1B
Total Assets
$740.5M
$2.3B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MANH
MANH
VTOL
VTOL
Q1 26
$226.1M
Q4 25
$328.7M
$286.2M
Q3 25
$263.6M
$245.5M
Q2 25
$230.6M
$251.8M
Q1 25
$205.9M
$191.1M
Q4 24
$266.2M
$247.5M
Q3 24
$215.0M
$200.3M
Q2 24
$202.7M
$178.6M
Total Debt
MANH
MANH
VTOL
VTOL
Q1 26
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
Stockholders' Equity
MANH
MANH
VTOL
VTOL
Q1 26
$205.2M
Q4 25
$314.8M
$1.1B
Q3 25
$309.2M
$1.0B
Q2 25
$278.8M
$984.4M
Q1 25
$245.1M
$931.7M
Q4 24
$299.1M
$891.7M
Q3 24
$278.0M
$899.2M
Q2 24
$240.6M
$849.1M
Total Assets
MANH
MANH
VTOL
VTOL
Q1 26
$740.5M
Q4 25
$839.4M
$2.3B
Q3 25
$768.8M
$2.3B
Q2 25
$744.7M
$2.3B
Q1 25
$708.2M
$2.2B
Q4 24
$757.6M
$2.1B
Q3 24
$698.1M
$2.1B
Q2 24
$665.3M
$2.0B
Debt / Equity
MANH
MANH
VTOL
VTOL
Q1 26
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MANH
MANH
VTOL
VTOL
Operating Cash FlowLast quarter
$84.0M
$76.9M
Free Cash FlowOCF − Capex
$47.8M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
0.3%
7.7%
Cash ConversionOCF / Net Profit
1.70×
4.17×
TTM Free Cash FlowTrailing 4 quarters
$56.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MANH
MANH
VTOL
VTOL
Q1 26
$84.0M
Q4 25
$147.1M
$76.9M
Q3 25
$93.1M
$23.1M
Q2 25
$74.0M
$99.0M
Q1 25
$75.3M
$-603.0K
Q4 24
$104.7M
$51.1M
Q3 24
$62.3M
$66.0M
Q2 24
$73.3M
$33.7M
Free Cash Flow
MANH
MANH
VTOL
VTOL
Q1 26
Q4 25
$142.4M
$47.8M
Q3 25
$87.2M
$-6.2M
Q2 25
$70.1M
$67.4M
Q1 25
$74.4M
$-52.7M
Q4 24
$101.6M
$-32.4M
Q3 24
$61.3M
$9.0M
Q2 24
$71.0M
$-16.7M
FCF Margin
MANH
MANH
VTOL
VTOL
Q1 26
Q4 25
52.7%
12.7%
Q3 25
31.6%
-1.6%
Q2 25
25.7%
17.9%
Q1 25
28.3%
-15.0%
Q4 24
39.7%
-9.2%
Q3 24
23.0%
2.5%
Q2 24
26.8%
-4.6%
Capex Intensity
MANH
MANH
VTOL
VTOL
Q1 26
0.3%
Q4 25
1.7%
7.7%
Q3 25
2.1%
7.6%
Q2 25
1.5%
8.4%
Q1 25
0.3%
14.9%
Q4 24
1.2%
23.6%
Q3 24
0.4%
15.6%
Q2 24
0.8%
14.0%
Cash Conversion
MANH
MANH
VTOL
VTOL
Q1 26
1.70×
Q4 25
2.83×
4.17×
Q3 25
1.59×
0.45×
Q2 25
1.30×
3.12×
Q1 25
1.43×
-0.02×
Q4 24
2.18×
1.61×
Q3 24
0.98×
2.34×
Q2 24
1.39×
1.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MANH
MANH

Services$125.7M45%
Cloud subscriptions$117.1M42%
Maintenance$30.6M11%
Hardware$6.5M2%
Software license$2.2M1%

VTOL
VTOL

Offshore Energy Services$247.5M66%
Government Services$100.1M27%
Other$21.9M6%
Related Party$7.8M2%

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