vs
Side-by-side financial comparison of Morningstar, Inc. (MORN) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
Morningstar, Inc. is the larger business by last-quarter revenue ($644.8M vs $377.3M, roughly 1.7× Bristow Group Inc.). On growth, Morningstar, Inc. posted the faster year-over-year revenue change (10.8% vs 6.7%). Morningstar, Inc. produced more free cash flow last quarter ($53.6M vs $47.8M). Over the past eight quarters, Morningstar, Inc.'s revenue compounded faster (6.2% CAGR vs 5.8%).
Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois, founded by Joe Mansueto in 1984. It provides an array of investment research and investment management services.
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.
MORN vs VTOL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $644.8M | $377.3M |
| Net Profit | — | $18.4M |
| Gross Margin | 62.9% | — |
| Operating Margin | 24.2% | 8.5% |
| Net Margin | — | 4.9% |
| Revenue YoY | 10.8% | 6.7% |
| Net Profit YoY | — | -42.1% |
| EPS (diluted) | $2.73 | $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 | $644.8M | — | ||
| Q4 25 | $641.1M | $377.3M | ||
| Q3 25 | $617.4M | $386.3M | ||
| Q2 25 | $605.1M | $376.4M | ||
| Q1 25 | $581.9M | $350.5M | ||
| Q4 24 | $591.0M | $353.5M | ||
| Q3 24 | $569.4M | $365.1M | ||
| Q2 24 | $571.9M | $359.7M |
| Q1 26 | — | — | ||
| Q4 25 | $115.1M | $18.4M | ||
| Q3 25 | $91.6M | $51.5M | ||
| Q2 25 | $89.0M | $31.7M | ||
| Q1 25 | $78.5M | $27.4M | ||
| Q4 24 | $116.9M | $31.8M | ||
| Q3 24 | $119.7M | $28.2M | ||
| Q2 24 | $69.1M | $28.2M |
| Q1 26 | 62.9% | — | ||
| Q4 25 | 61.1% | — | ||
| Q3 25 | 60.9% | — | ||
| Q2 25 | 61.9% | — | ||
| Q1 25 | 60.2% | — | ||
| Q4 24 | 60.7% | — | ||
| Q3 24 | 60.9% | — | ||
| Q2 24 | 61.1% | — |
| Q1 26 | 24.2% | — | ||
| Q4 25 | 24.9% | 8.5% | ||
| Q3 25 | 20.7% | 13.1% | ||
| Q2 25 | 20.7% | 11.3% | ||
| Q1 25 | 19.6% | 9.6% | ||
| Q4 24 | 28.5% | 9.0% | ||
| Q3 24 | 20.3% | 9.1% | ||
| Q2 24 | 19.0% | 12.4% |
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | 4.9% | ||
| Q3 25 | 14.8% | 13.3% | ||
| Q2 25 | 14.7% | 8.4% | ||
| Q1 25 | 13.5% | 7.8% | ||
| Q4 24 | 19.8% | 9.0% | ||
| Q3 24 | 21.0% | 7.7% | ||
| Q2 24 | 12.1% | 7.8% |
| Q1 26 | $2.73 | — | ||
| Q4 25 | $2.79 | $0.61 | ||
| Q3 25 | $2.17 | $1.72 | ||
| Q2 25 | $2.09 | $1.07 | ||
| Q1 25 | $1.82 | $0.92 | ||
| Q4 24 | $2.72 | $1.07 | ||
| Q3 24 | $2.77 | $0.95 | ||
| Q2 24 | $1.60 | $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 | $492.8M | $286.2M |
| Total DebtLower is stronger | $1.7B | $671.5M |
| Stockholders' EquityBook value | $1.0B | $1.1B |
| Total Assets | $4.0B | $2.3B |
| Debt / EquityLower = less leverage | 1.68× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $492.8M | — | ||
| Q4 25 | $528.7M | $286.2M | ||
| Q3 25 | $40.3M | $245.5M | ||
| Q2 25 | $38.1M | $251.8M | ||
| Q1 25 | $47.7M | $191.1M | ||
| Q4 24 | $551.0M | $247.5M | ||
| Q3 24 | $48.8M | $200.3M | ||
| Q2 24 | $48.0M | $178.6M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | — | $671.5M | ||
| Q3 25 | $848.9M | $675.0M | ||
| Q2 25 | $838.8M | $705.2M | ||
| Q1 25 | $803.7M | $701.9M | ||
| Q4 24 | $698.6M | $689.8M | ||
| Q3 24 | $864.7M | $629.1M | ||
| Q2 24 | $899.6M | $594.2M |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.6B | $984.4M | ||
| Q1 25 | $1.6B | $931.7M | ||
| Q4 24 | $1.6B | $891.7M | ||
| Q3 24 | $1.6B | $899.2M | ||
| Q2 24 | $1.4B | $849.1M |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.6B | $2.3B | ||
| Q3 25 | $3.6B | $2.3B | ||
| Q2 25 | $3.6B | $2.3B | ||
| Q1 25 | $3.6B | $2.2B | ||
| Q4 24 | $3.5B | $2.1B | ||
| Q3 24 | $3.6B | $2.1B | ||
| Q2 24 | $3.4B | $2.0B |
| Q1 26 | 1.68× | — | ||
| Q4 25 | — | 0.63× | ||
| Q3 25 | 0.56× | 0.65× | ||
| Q2 25 | 0.52× | 0.72× | ||
| Q1 25 | 0.50× | 0.75× | ||
| Q4 24 | 0.43× | 0.77× | ||
| Q3 24 | 0.55× | 0.70× | ||
| Q2 24 | 0.63× | 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 | $53.6M | $47.8M |
| FCF MarginFCF / Revenue | 8.3% | 12.7% |
| Capex IntensityCapex / Revenue | 5.9% | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $437.4M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $204.0M | $76.9M | ||
| Q3 25 | $195.7M | $23.1M | ||
| Q2 25 | $99.0M | $99.0M | ||
| Q1 25 | $91.0M | $-603.0K | ||
| Q4 24 | $153.4M | $51.1M | ||
| Q3 24 | $191.9M | $66.0M | ||
| Q2 24 | $152.7M | $33.7M |
| Q1 26 | $53.6M | — | ||
| Q4 25 | $161.3M | $47.8M | ||
| Q3 25 | $160.1M | $-6.2M | ||
| Q2 25 | $62.4M | $67.4M | ||
| Q1 25 | $58.8M | $-52.7M | ||
| Q4 24 | $112.8M | $-32.4M | ||
| Q3 24 | $155.8M | $9.0M | ||
| Q2 24 | $120.8M | $-16.7M |
| Q1 26 | 8.3% | — | ||
| Q4 25 | 25.2% | 12.7% | ||
| Q3 25 | 25.9% | -1.6% | ||
| Q2 25 | 10.3% | 17.9% | ||
| Q1 25 | 10.1% | -15.0% | ||
| Q4 24 | 19.1% | -9.2% | ||
| Q3 24 | 27.4% | 2.5% | ||
| Q2 24 | 21.1% | -4.6% |
| Q1 26 | 5.9% | — | ||
| Q4 25 | 6.7% | 7.7% | ||
| Q3 25 | 5.8% | 7.6% | ||
| Q2 25 | 6.0% | 8.4% | ||
| Q1 25 | 5.5% | 14.9% | ||
| Q4 24 | 6.9% | 23.6% | ||
| Q3 24 | 6.3% | 15.6% | ||
| Q2 24 | 5.6% | 14.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 4.17× | ||
| Q3 25 | 2.14× | 0.45× | ||
| Q2 25 | 1.11× | 3.12× | ||
| Q1 25 | 1.16× | -0.02× | ||
| Q4 24 | 1.31× | 1.61× | ||
| Q3 24 | 1.60× | 2.34× | ||
| Q2 24 | 2.21× | 1.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MORN
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% |
