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Side-by-side financial comparison of PJT Partners Inc. (PJT) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
PJT Partners Inc. is the larger business by last-quarter revenue ($531.4M vs $377.3M, roughly 1.4× Bristow Group Inc.). PJT Partners Inc. runs the higher net margin — 10.0% vs 4.9%, a 5.2% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs 6.7%). PJT Partners Inc. produced more free cash flow last quarter ($138.6M vs $47.8M). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% CAGR vs 5.8%).
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services 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.
PJT vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $531.4M | $377.3M |
| Net Profit | $53.4M | $18.4M |
| Gross Margin | — | — |
| Operating Margin | 23.1% | 8.5% |
| Net Margin | 10.0% | 4.9% |
| Revenue YoY | 12.9% | 6.7% |
| Net Profit YoY | 4.0% | -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.
| Q4 25 | $531.4M | $377.3M | ||
| Q3 25 | $442.3M | $386.3M | ||
| Q2 25 | $401.1M | $376.4M | ||
| Q1 25 | $321.9M | $350.5M | ||
| Q4 24 | $470.5M | $353.5M | ||
| Q3 24 | $320.3M | $365.1M | ||
| Q2 24 | $358.1M | $359.7M | ||
| Q1 24 | $327.1M | $337.1M |
| Q4 25 | $53.4M | $18.4M | ||
| Q3 25 | $39.8M | $51.5M | ||
| Q2 25 | $32.9M | $31.7M | ||
| Q1 25 | $54.0M | $27.4M | ||
| Q4 24 | $51.3M | $31.8M | ||
| Q3 24 | $22.1M | $28.2M | ||
| Q2 24 | $28.3M | $28.2M | ||
| Q1 24 | $32.6M | $6.6M |
| Q4 25 | 23.1% | 8.5% | ||
| Q3 25 | 20.6% | 13.1% | ||
| Q2 25 | 19.1% | 11.3% | ||
| Q1 25 | 16.3% | 9.6% | ||
| Q4 24 | 21.9% | 9.0% | ||
| Q3 24 | 15.4% | 9.1% | ||
| Q2 24 | 18.0% | 12.4% | ||
| Q1 24 | 16.5% | 6.8% |
| Q4 25 | 10.0% | 4.9% | ||
| Q3 25 | 9.0% | 13.3% | ||
| Q2 25 | 8.2% | 8.4% | ||
| Q1 25 | 16.8% | 7.8% | ||
| Q4 24 | 10.9% | 9.0% | ||
| Q3 24 | 6.9% | 7.7% | ||
| Q2 24 | 7.9% | 7.8% | ||
| Q1 24 | 10.0% | 2.0% |
| Q4 25 | — | $0.61 | ||
| Q3 25 | — | $1.72 | ||
| Q2 25 | — | $1.07 | ||
| Q1 25 | — | $0.92 | ||
| Q4 24 | — | $1.07 | ||
| Q3 24 | — | $0.95 | ||
| Q2 24 | — | $0.96 | ||
| Q1 24 | — | $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 | $538.9M | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $308.2M | $1.1B |
| Total Assets | $1.8B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $538.9M | $286.2M | ||
| Q3 25 | $400.5M | $245.5M | ||
| Q2 25 | $214.6M | $251.8M | ||
| Q1 25 | $194.3M | $191.1M | ||
| Q4 24 | $483.9M | $247.5M | ||
| Q3 24 | $148.8M | $200.3M | ||
| Q2 24 | $164.2M | $178.6M | ||
| Q1 24 | $215.5M | $140.6M |
| 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 24 | — | $544.1M |
| Q4 25 | $308.2M | $1.1B | ||
| Q3 25 | $228.6M | $1.0B | ||
| Q2 25 | $167.4M | $984.4M | ||
| Q1 25 | $148.8M | $931.7M | ||
| Q4 24 | $187.0M | $891.7M | ||
| Q3 24 | $159.1M | $899.2M | ||
| Q2 24 | $133.8M | $849.1M | ||
| Q1 24 | $174.6M | $820.7M |
| Q4 25 | $1.8B | $2.3B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.5B | $2.3B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.6B | $2.1B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.3B | $1.9B |
| 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× | ||
| Q1 24 | — | 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 | $155.7M | $76.9M |
| Free Cash FlowOCF − Capex | $138.6M | $47.8M |
| FCF MarginFCF / Revenue | 26.1% | 12.7% |
| Capex IntensityCapex / Revenue | 3.2% | 7.7% |
| Cash ConversionOCF / Net Profit | 2.92× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $480.4M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $155.7M | $76.9M | ||
| Q3 25 | $256.1M | $23.1M | ||
| Q2 25 | $190.4M | $99.0M | ||
| Q1 25 | $-75.9M | $-603.0K | ||
| Q4 24 | $195.7M | $51.1M | ||
| Q3 24 | $180.5M | $66.0M | ||
| Q2 24 | $193.6M | $33.7M | ||
| Q1 24 | $-38.8M | $26.7M |
| Q4 25 | $138.6M | $47.8M | ||
| Q3 25 | $240.9M | $-6.2M | ||
| Q2 25 | $178.9M | $67.4M | ||
| Q1 25 | $-77.9M | $-52.7M | ||
| Q4 24 | $195.3M | $-32.4M | ||
| Q3 24 | $178.5M | $9.0M | ||
| Q2 24 | $193.0M | $-16.7M | ||
| Q1 24 | $-39.2M | $-37.9M |
| Q4 25 | 26.1% | 12.7% | ||
| Q3 25 | 54.5% | -1.6% | ||
| Q2 25 | 44.6% | 17.9% | ||
| Q1 25 | -24.2% | -15.0% | ||
| Q4 24 | 41.5% | -9.2% | ||
| Q3 24 | 55.7% | 2.5% | ||
| Q2 24 | 53.9% | -4.6% | ||
| Q1 24 | -12.0% | -11.2% |
| Q4 25 | 3.2% | 7.7% | ||
| Q3 25 | 3.4% | 7.6% | ||
| Q2 25 | 2.9% | 8.4% | ||
| Q1 25 | 0.6% | 14.9% | ||
| Q4 24 | 0.1% | 23.6% | ||
| Q3 24 | 0.6% | 15.6% | ||
| Q2 24 | 0.1% | 14.0% | ||
| Q1 24 | 0.1% | 19.2% |
| Q4 25 | 2.92× | 4.17× | ||
| Q3 25 | 6.43× | 0.45× | ||
| Q2 25 | 5.79× | 3.12× | ||
| Q1 25 | -1.41× | -0.02× | ||
| Q4 24 | 3.81× | 1.61× | ||
| Q3 24 | 8.15× | 2.34× | ||
| Q2 24 | 6.84× | 1.20× | ||
| Q1 24 | -1.19× | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PJT
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% |
