vs
Side-by-side financial comparison of PEGASYSTEMS INC (PEGA) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $377.3M, roughly 1.1× Bristow Group Inc.). PEGASYSTEMS INC runs the higher net margin — 7.6% vs 4.9%, a 2.7% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $47.8M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 5.8%).
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
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.
PEGA vs VTOL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $430.0M | $377.3M |
| Net Profit | $32.8M | $18.4M |
| Gross Margin | 75.2% | — |
| Operating Margin | 8.6% | 8.5% |
| Net Margin | 7.6% | 4.9% |
| Revenue YoY | -9.6% | 6.7% |
| Net Profit YoY | — | -42.1% |
| EPS (diluted) | $0.18 | $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 | $430.0M | — | ||
| Q4 25 | $504.3M | $377.3M | ||
| Q3 25 | $381.4M | $386.3M | ||
| Q2 25 | $384.5M | $376.4M | ||
| Q1 25 | $475.6M | $350.5M | ||
| Q4 24 | $490.8M | $353.5M | ||
| Q3 24 | $325.1M | $365.1M | ||
| Q2 24 | $351.2M | $359.7M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | $18.4M | ||
| Q3 25 | $43.4M | $51.5M | ||
| Q2 25 | $30.1M | $31.7M | ||
| Q1 25 | $85.4M | $27.4M | ||
| Q4 24 | $119.1M | $31.8M | ||
| Q3 24 | $-14.4M | $28.2M | ||
| Q2 24 | $6.6M | $28.2M |
| Q1 26 | 75.2% | — | ||
| Q4 25 | 79.5% | — | ||
| Q3 25 | 72.2% | — | ||
| Q2 25 | 71.5% | — | ||
| Q1 25 | 78.5% | — | ||
| Q4 24 | 79.1% | — | ||
| Q3 24 | 70.2% | — | ||
| Q2 24 | 72.4% | — |
| Q1 26 | 8.6% | — | ||
| Q4 25 | 20.7% | 8.5% | ||
| Q3 25 | 3.8% | 13.1% | ||
| Q2 25 | 4.5% | 11.3% | ||
| Q1 25 | 26.7% | 9.6% | ||
| Q4 24 | 29.1% | 9.0% | ||
| Q3 24 | -3.6% | 9.1% | ||
| Q2 24 | 3.7% | 12.4% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | 4.9% | ||
| Q3 25 | 11.4% | 13.3% | ||
| Q2 25 | 7.8% | 8.4% | ||
| Q1 25 | 18.0% | 7.8% | ||
| Q4 24 | 24.3% | 9.0% | ||
| Q3 24 | -4.4% | 7.7% | ||
| Q2 24 | 1.9% | 7.8% |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | $0.61 | ||
| Q3 25 | $0.24 | $1.72 | ||
| Q2 25 | $0.17 | $1.07 | ||
| Q1 25 | $0.91 | $0.92 | ||
| Q4 24 | $1.35 | $1.07 | ||
| Q3 24 | $-0.17 | $0.95 | ||
| Q2 24 | $0.07 | $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 | $270.0M | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $705.9M | $1.1B |
| Total Assets | $1.6B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | $286.2M | ||
| Q3 25 | $351.4M | $245.5M | ||
| Q2 25 | $411.6M | $251.8M | ||
| Q1 25 | $371.7M | $191.1M | ||
| Q4 24 | $740.0M | $247.5M | ||
| Q3 24 | $703.0M | $200.3M | ||
| Q2 24 | $665.1M | $178.6M |
| 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 |
| Q1 26 | $705.9M | — | ||
| Q4 25 | $787.4M | $1.1B | ||
| Q3 25 | $596.8M | $1.0B | ||
| Q2 25 | $624.5M | $984.4M | ||
| Q1 25 | $611.3M | $931.7M | ||
| Q4 24 | $585.5M | $891.7M | ||
| Q3 24 | $473.0M | $899.2M | ||
| Q2 24 | $435.4M | $849.1M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.3B | ||
| Q3 25 | $1.3B | $2.3B | ||
| Q2 25 | $1.3B | $2.3B | ||
| Q1 25 | $1.3B | $2.2B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.6B | $2.1B | ||
| Q2 24 | $1.5B | $2.0B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $76.9M |
| Free Cash FlowOCF − Capex | $206.5M | $47.8M |
| FCF MarginFCF / Revenue | 48.0% | 12.7% |
| Capex IntensityCapex / Revenue | — | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $494.9M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $76.9M | ||
| Q3 25 | $56.3M | $23.1M | ||
| Q2 25 | $86.3M | $99.0M | ||
| Q1 25 | $204.2M | $-603.0K | ||
| Q4 24 | $95.2M | $51.1M | ||
| Q3 24 | $30.5M | $66.0M | ||
| Q2 24 | $40.1M | $33.7M |
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | $47.8M | ||
| Q3 25 | $51.8M | $-6.2M | ||
| Q2 25 | $84.1M | $67.4M | ||
| Q1 25 | $202.3M | $-52.7M | ||
| Q4 24 | $92.4M | $-32.4M | ||
| Q3 24 | $27.4M | $9.0M | ||
| Q2 24 | $38.8M | $-16.7M |
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | 12.7% | ||
| Q3 25 | 13.6% | -1.6% | ||
| Q2 25 | 21.9% | 17.9% | ||
| Q1 25 | 42.5% | -15.0% | ||
| Q4 24 | 18.8% | -9.2% | ||
| Q3 24 | 8.4% | 2.5% | ||
| Q2 24 | 11.1% | -4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 7.7% | ||
| Q3 25 | 1.2% | 7.6% | ||
| Q2 25 | 0.6% | 8.4% | ||
| Q1 25 | 0.4% | 14.9% | ||
| Q4 24 | 0.6% | 23.6% | ||
| Q3 24 | 0.9% | 15.6% | ||
| Q2 24 | 0.4% | 14.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 4.17× | ||
| Q3 25 | 1.30× | 0.45× | ||
| Q2 25 | 2.87× | 3.12× | ||
| Q1 25 | 2.39× | -0.02× | ||
| Q4 24 | 0.80× | 1.61× | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | 6.06× | 1.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
