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Side-by-side financial comparison of ONESPAWORLD HOLDINGS Ltd (OSW) 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 $242.1M, roughly 1.6× ONESPAWORLD HOLDINGS Ltd). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs 4.9%, a 0.1% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs 6.7%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $14.9M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% CAGR vs 5.8%).
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.
OSW vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $242.1M | $377.3M |
| Net Profit | $12.1M | $18.4M |
| Gross Margin | — | — |
| Operating Margin | 6.8% | 8.5% |
| Net Margin | 5.0% | 4.9% |
| Revenue YoY | 11.5% | 6.7% |
| Net Profit YoY | -16.2% | -42.1% |
| EPS (diluted) | $0.12 | $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 | $242.1M | $377.3M | ||
| Q3 25 | $258.5M | $386.3M | ||
| Q2 25 | $240.7M | $376.4M | ||
| Q1 25 | $219.6M | $350.5M | ||
| Q4 24 | $217.2M | $353.5M | ||
| Q3 24 | $241.7M | $365.1M | ||
| Q2 24 | $224.9M | $359.7M | ||
| Q1 24 | $211.2M | $337.1M |
| Q4 25 | $12.1M | $18.4M | ||
| Q3 25 | $24.3M | $51.5M | ||
| Q2 25 | $19.9M | $31.7M | ||
| Q1 25 | $15.3M | $27.4M | ||
| Q4 24 | $14.4M | $31.8M | ||
| Q3 24 | $21.6M | $28.2M | ||
| Q2 24 | $15.8M | $28.2M | ||
| Q1 24 | $21.2M | $6.6M |
| Q4 25 | 6.8% | 8.5% | ||
| Q3 25 | 10.2% | 13.1% | ||
| Q2 25 | 9.2% | 11.3% | ||
| Q1 25 | 7.7% | 9.6% | ||
| Q4 24 | 7.9% | 9.0% | ||
| Q3 24 | 10.3% | 9.1% | ||
| Q2 24 | 8.4% | 12.4% | ||
| Q1 24 | 8.0% | 6.8% |
| Q4 25 | 5.0% | 4.9% | ||
| Q3 25 | 9.4% | 13.3% | ||
| Q2 25 | 8.3% | 8.4% | ||
| Q1 25 | 7.0% | 7.8% | ||
| Q4 24 | 6.6% | 9.0% | ||
| Q3 24 | 8.9% | 7.7% | ||
| Q2 24 | 7.0% | 7.8% | ||
| Q1 24 | 10.0% | 2.0% |
| Q4 25 | $0.12 | $0.61 | ||
| Q3 25 | $0.23 | $1.72 | ||
| Q2 25 | $0.19 | $1.07 | ||
| Q1 25 | $0.15 | $0.92 | ||
| Q4 24 | $0.13 | $1.07 | ||
| Q3 24 | $0.20 | $0.95 | ||
| Q2 24 | $0.15 | $0.96 | ||
| Q1 24 | $0.21 | $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 | $16.3M | $286.2M |
| Total DebtLower is stronger | $84.0M | $671.5M |
| Stockholders' EquityBook value | $542.6M | $1.1B |
| Total Assets | $707.1M | $2.3B |
| Debt / EquityLower = less leverage | 0.15× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.3M | $286.2M | ||
| Q3 25 | $29.6M | $245.5M | ||
| Q2 25 | $35.0M | $251.8M | ||
| Q1 25 | $22.6M | $191.1M | ||
| Q4 24 | $57.4M | $247.5M | ||
| Q3 24 | $48.8M | $200.3M | ||
| Q2 24 | $62.5M | $178.6M | ||
| Q1 24 | $65.4M | $140.6M |
| Q4 25 | $84.0M | $671.5M | ||
| Q3 25 | $85.2M | $675.0M | ||
| Q2 25 | $96.2M | $705.2M | ||
| Q1 25 | $97.4M | $701.9M | ||
| Q4 24 | $98.6M | $689.8M | ||
| Q3 24 | $98.7M | $629.1M | ||
| Q2 24 | $123.8M | $594.2M | ||
| Q1 24 | $138.6M | $544.1M |
| Q4 25 | $542.6M | $1.1B | ||
| Q3 25 | $552.8M | $1.0B | ||
| Q2 25 | $548.3M | $984.4M | ||
| Q1 25 | $530.6M | $931.7M | ||
| Q4 24 | $554.5M | $891.7M | ||
| Q3 24 | $540.1M | $899.2M | ||
| Q2 24 | $532.7M | $849.1M | ||
| Q1 24 | $515.5M | $820.7M |
| Q4 25 | $707.1M | $2.3B | ||
| Q3 25 | $732.6M | $2.3B | ||
| Q2 25 | $731.8M | $2.3B | ||
| Q1 25 | $708.7M | $2.2B | ||
| Q4 24 | $746.4M | $2.1B | ||
| Q3 24 | $734.0M | $2.1B | ||
| Q2 24 | $756.8M | $2.0B | ||
| Q1 24 | $763.6M | $1.9B |
| Q4 25 | 0.15× | 0.63× | ||
| Q3 25 | 0.15× | 0.65× | ||
| Q2 25 | 0.18× | 0.72× | ||
| Q1 25 | 0.18× | 0.75× | ||
| Q4 24 | 0.18× | 0.77× | ||
| Q3 24 | 0.18× | 0.70× | ||
| Q2 24 | 0.23× | 0.70× | ||
| Q1 24 | 0.27× | 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 | $20.0M | $76.9M |
| Free Cash FlowOCF − Capex | $14.9M | $47.8M |
| FCF MarginFCF / Revenue | 6.2% | 12.7% |
| Capex IntensityCapex / Revenue | 2.1% | 7.7% |
| Cash ConversionOCF / Net Profit | 1.65× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $68.4M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.0M | $76.9M | ||
| Q3 25 | $33.2M | $23.1M | ||
| Q2 25 | $20.3M | $99.0M | ||
| Q1 25 | $10.1M | $-603.0K | ||
| Q4 24 | $16.6M | $51.1M | ||
| Q3 24 | $28.6M | $66.0M | ||
| Q2 24 | $18.7M | $33.7M | ||
| Q1 24 | $15.0M | $26.7M |
| Q4 25 | $14.9M | $47.8M | ||
| Q3 25 | $27.6M | $-6.2M | ||
| Q2 25 | $17.6M | $67.4M | ||
| Q1 25 | $8.4M | $-52.7M | ||
| Q4 24 | $13.2M | $-32.4M | ||
| Q3 24 | $27.5M | $9.0M | ||
| Q2 24 | $17.6M | $-16.7M | ||
| Q1 24 | $13.7M | $-37.9M |
| Q4 25 | 6.2% | 12.7% | ||
| Q3 25 | 10.7% | -1.6% | ||
| Q2 25 | 7.3% | 17.9% | ||
| Q1 25 | 3.8% | -15.0% | ||
| Q4 24 | 6.1% | -9.2% | ||
| Q3 24 | 11.4% | 2.5% | ||
| Q2 24 | 7.8% | -4.6% | ||
| Q1 24 | 6.5% | -11.2% |
| Q4 25 | 2.1% | 7.7% | ||
| Q3 25 | 2.2% | 7.6% | ||
| Q2 25 | 1.1% | 8.4% | ||
| Q1 25 | 0.8% | 14.9% | ||
| Q4 24 | 1.5% | 23.6% | ||
| Q3 24 | 0.5% | 15.6% | ||
| Q2 24 | 0.5% | 14.0% | ||
| Q1 24 | 0.6% | 19.2% |
| Q4 25 | 1.65× | 4.17× | ||
| Q3 25 | 1.36× | 0.45× | ||
| Q2 25 | 1.02× | 3.12× | ||
| Q1 25 | 0.66× | -0.02× | ||
| Q4 24 | 1.15× | 1.61× | ||
| Q3 24 | 1.33× | 2.34× | ||
| Q2 24 | 1.19× | 1.20× | ||
| Q1 24 | 0.71× | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
