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Side-by-side financial comparison of Principal Financial Group (PFG) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.

Principal Financial Group is the larger business by last-quarter revenue ($750.8M vs $377.3M, roughly 2.0× Bristow Group Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs 0.3%, a 4.6% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs 4.0%). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs -58.3%).

Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.

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.

PFG vs VTOL — Head-to-Head

Bigger by revenue
PFG
PFG
2.0× larger
PFG
$750.8M
$377.3M
VTOL
Growing faster (revenue YoY)
VTOL
VTOL
+2.7% gap
VTOL
6.7%
4.0%
PFG
Higher net margin
VTOL
VTOL
4.6% more per $
VTOL
4.9%
0.3%
PFG
Faster 2-yr revenue CAGR
VTOL
VTOL
Annualised
VTOL
5.8%
-58.3%
PFG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PFG
PFG
VTOL
VTOL
Revenue
$750.8M
$377.3M
Net Profit
$1.9M
$18.4M
Gross Margin
Operating Margin
8.5%
Net Margin
0.3%
4.9%
Revenue YoY
4.0%
6.7%
Net Profit YoY
783.0%
-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.

Revenue
PFG
PFG
VTOL
VTOL
Q1 26
$750.8M
Q4 25
$4.6B
$377.3M
Q3 25
$3.7B
$386.3M
Q2 25
$3.7B
$376.4M
Q1 25
$3.7B
$350.5M
Q4 24
$4.8B
$353.5M
Q3 24
$3.0B
$365.1M
Q2 24
$4.3B
$359.7M
Net Profit
PFG
PFG
VTOL
VTOL
Q1 26
$1.9M
Q4 25
$517.0M
$18.4M
Q3 25
$213.8M
$51.5M
Q2 25
$406.2M
$31.7M
Q1 25
$48.1M
$27.4M
Q4 24
$905.4M
$31.8M
Q3 24
$-220.0M
$28.2M
Q2 24
$353.1M
$28.2M
Operating Margin
PFG
PFG
VTOL
VTOL
Q1 26
Q4 25
8.5%
Q3 25
13.1%
Q2 25
11.3%
Q1 25
9.6%
Q4 24
9.0%
Q3 24
9.1%
Q2 24
12.4%
Net Margin
PFG
PFG
VTOL
VTOL
Q1 26
0.3%
Q4 25
11.3%
4.9%
Q3 25
5.8%
13.3%
Q2 25
11.1%
8.4%
Q1 25
1.3%
7.8%
Q4 24
19.1%
9.0%
Q3 24
-7.3%
7.7%
Q2 24
8.2%
7.8%
EPS (diluted)
PFG
PFG
VTOL
VTOL
Q1 26
Q4 25
$2.30
$0.61
Q3 25
$0.95
$1.72
Q2 25
$1.79
$1.07
Q1 25
$0.21
$0.92
Q4 24
$3.92
$1.07
Q3 24
$-0.95
$0.95
Q2 24
$1.49
$0.96

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PFG
PFG
VTOL
VTOL
Q1 26
Q4 25
$4.4B
$286.2M
Q3 25
$5.1B
$245.5M
Q2 25
$3.7B
$251.8M
Q1 25
$3.9B
$191.1M
Q4 24
$4.2B
$247.5M
Q3 24
$6.2B
$200.3M
Q2 24
$4.8B
$178.6M
Total Debt
PFG
PFG
VTOL
VTOL
Q1 26
Q4 25
$3.9B
$671.5M
Q3 25
$3.9B
$675.0M
Q2 25
$3.9B
$705.2M
Q1 25
$4.3B
$701.9M
Q4 24
$4.0B
$689.8M
Q3 24
$3.9B
$629.1M
Q2 24
$3.9B
$594.2M
Stockholders' Equity
PFG
PFG
VTOL
VTOL
Q1 26
Q4 25
$11.9B
$1.1B
Q3 25
$11.7B
$1.0B
Q2 25
$11.4B
$984.4M
Q1 25
$11.2B
$931.7M
Q4 24
$11.1B
$891.7M
Q3 24
$11.2B
$899.2M
Q2 24
$11.0B
$849.1M
Total Assets
PFG
PFG
VTOL
VTOL
Q1 26
Q4 25
$341.4B
$2.3B
Q3 25
$334.5B
$2.3B
Q2 25
$323.1B
$2.3B
Q1 25
$313.0B
$2.2B
Q4 24
$313.7B
$2.1B
Q3 24
$322.9B
$2.1B
Q2 24
$308.8B
$2.0B
Debt / Equity
PFG
PFG
VTOL
VTOL
Q1 26
Q4 25
0.33×
0.63×
Q3 25
0.34×
0.65×
Q2 25
0.34×
0.72×
Q1 25
0.39×
0.75×
Q4 24
0.36×
0.77×
Q3 24
0.35×
0.70×
Q2 24
0.36×
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
PFG
PFG
VTOL
VTOL
Operating Cash FlowLast quarter
$76.9M
Free Cash FlowOCF − Capex
$47.8M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
7.7%
Cash ConversionOCF / Net Profit
4.17×
TTM Free Cash FlowTrailing 4 quarters
$56.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PFG
PFG
VTOL
VTOL
Q1 26
Q4 25
$1.7B
$76.9M
Q3 25
$1.0B
$23.1M
Q2 25
$811.9M
$99.0M
Q1 25
$977.3M
$-603.0K
Q4 24
$1.5B
$51.1M
Q3 24
$1.1B
$66.0M
Q2 24
$1.4B
$33.7M
Free Cash Flow
PFG
PFG
VTOL
VTOL
Q1 26
Q4 25
$47.8M
Q3 25
$-6.2M
Q2 25
$67.4M
Q1 25
$-52.7M
Q4 24
$-32.4M
Q3 24
$9.0M
Q2 24
$-16.7M
FCF Margin
PFG
PFG
VTOL
VTOL
Q1 26
Q4 25
12.7%
Q3 25
-1.6%
Q2 25
17.9%
Q1 25
-15.0%
Q4 24
-9.2%
Q3 24
2.5%
Q2 24
-4.6%
Capex Intensity
PFG
PFG
VTOL
VTOL
Q1 26
Q4 25
7.7%
Q3 25
7.6%
Q2 25
8.4%
Q1 25
14.9%
Q4 24
23.6%
Q3 24
15.6%
Q2 24
14.0%
Cash Conversion
PFG
PFG
VTOL
VTOL
Q1 26
Q4 25
3.37×
4.17×
Q3 25
4.70×
0.45×
Q2 25
2.00×
3.12×
Q1 25
20.32×
-0.02×
Q4 24
1.61×
1.61×
Q3 24
2.34×
Q2 24
4.05×
1.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PFG
PFG

Segment breakdown not available.

VTOL
VTOL

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

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