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Side-by-side financial comparison of Palomar Holdings, Inc. (PLMR) 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 $253.4M, roughly 1.5× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 6.7%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $47.8M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% CAGR vs 5.8%).
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
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.
PLMR vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $253.4M | $377.3M |
| Net Profit | — | $18.4M |
| Gross Margin | — | — |
| Operating Margin | 28.7% | 8.5% |
| Net Margin | — | 4.9% |
| Revenue YoY | 62.7% | 6.7% |
| Net Profit YoY | — | -42.1% |
| EPS (diluted) | $2.05 | $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 | $253.4M | $377.3M | ||
| Q3 25 | $244.7M | $386.3M | ||
| Q2 25 | $203.3M | $376.4M | ||
| Q1 25 | $174.6M | $350.5M | ||
| Q4 24 | $155.8M | $353.5M | ||
| Q3 24 | $148.5M | $365.1M | ||
| Q2 24 | $131.1M | $359.7M | ||
| Q1 24 | $118.5M | $337.1M |
| Q4 25 | — | $18.4M | ||
| Q3 25 | $51.5M | $51.5M | ||
| Q2 25 | $46.5M | $31.7M | ||
| Q1 25 | $42.9M | $27.4M | ||
| Q4 24 | — | $31.8M | ||
| Q3 24 | $30.5M | $28.2M | ||
| Q2 24 | $25.7M | $28.2M | ||
| Q1 24 | $26.4M | $6.6M |
| Q4 25 | 28.7% | 8.5% | ||
| Q3 25 | 27.4% | 13.1% | ||
| Q2 25 | 29.5% | 11.3% | ||
| Q1 25 | 30.8% | 9.6% | ||
| Q4 24 | 28.9% | 9.0% | ||
| Q3 24 | 25.9% | 9.1% | ||
| Q2 24 | 25.5% | 12.4% | ||
| Q1 24 | 29.0% | 6.8% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | 21.0% | 13.3% | ||
| Q2 25 | 22.9% | 8.4% | ||
| Q1 25 | 24.6% | 7.8% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | 20.5% | 7.7% | ||
| Q2 24 | 19.6% | 7.8% | ||
| Q1 24 | 22.3% | 2.0% |
| Q4 25 | $2.05 | $0.61 | ||
| Q3 25 | $1.87 | $1.72 | ||
| Q2 25 | $1.68 | $1.07 | ||
| Q1 25 | $1.57 | $0.92 | ||
| Q4 24 | $1.29 | $1.07 | ||
| Q3 24 | $1.15 | $0.95 | ||
| Q2 24 | $1.00 | $0.96 | ||
| Q1 24 | $1.04 | $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 | $106.9M | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $942.7M | $1.1B |
| Total Assets | $3.1B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.9M | $286.2M | ||
| Q3 25 | $111.7M | $245.5M | ||
| Q2 25 | $81.3M | $251.8M | ||
| Q1 25 | $119.3M | $191.1M | ||
| Q4 24 | $80.4M | $247.5M | ||
| Q3 24 | $86.5M | $200.3M | ||
| Q2 24 | $47.8M | $178.6M | ||
| Q1 24 | $61.4M | $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 | $942.7M | $1.1B | ||
| Q3 25 | $878.1M | $1.0B | ||
| Q2 25 | $847.2M | $984.4M | ||
| Q1 25 | $790.4M | $931.7M | ||
| Q4 24 | $729.0M | $891.7M | ||
| Q3 24 | $703.3M | $899.2M | ||
| Q2 24 | $532.6M | $849.1M | ||
| Q1 24 | $501.7M | $820.7M |
| Q4 25 | $3.1B | $2.3B | ||
| Q3 25 | $2.9B | $2.3B | ||
| Q2 25 | $2.8B | $2.3B | ||
| Q1 25 | $2.4B | $2.2B | ||
| Q4 24 | $2.3B | $2.1B | ||
| Q3 24 | $2.3B | $2.1B | ||
| Q2 24 | $2.0B | $2.0B | ||
| Q1 24 | $1.9B | $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 | $409.1M | $76.9M |
| Free Cash FlowOCF − Capex | $409.0M | $47.8M |
| FCF MarginFCF / Revenue | 161.4% | 12.7% |
| Capex IntensityCapex / Revenue | 0.1% | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $700.6M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $409.1M | $76.9M | ||
| Q3 25 | $83.6M | $23.1M | ||
| Q2 25 | $120.9M | $99.0M | ||
| Q1 25 | $87.2M | $-603.0K | ||
| Q4 24 | $261.2M | $51.1M | ||
| Q3 24 | $100.3M | $66.0M | ||
| Q2 24 | $55.1M | $33.7M | ||
| Q1 24 | $33.1M | $26.7M |
| Q4 25 | $409.0M | $47.8M | ||
| Q3 25 | $83.6M | $-6.2M | ||
| Q2 25 | $120.8M | $67.4M | ||
| Q1 25 | $87.1M | $-52.7M | ||
| Q4 24 | $260.9M | $-32.4M | ||
| Q3 24 | $100.1M | $9.0M | ||
| Q2 24 | — | $-16.7M | ||
| Q1 24 | — | $-37.9M |
| Q4 25 | 161.4% | 12.7% | ||
| Q3 25 | 34.2% | -1.6% | ||
| Q2 25 | 59.4% | 17.9% | ||
| Q1 25 | 49.9% | -15.0% | ||
| Q4 24 | 167.5% | -9.2% | ||
| Q3 24 | 67.4% | 2.5% | ||
| Q2 24 | — | -4.6% | ||
| Q1 24 | — | -11.2% |
| Q4 25 | 0.1% | 7.7% | ||
| Q3 25 | 0.0% | 7.6% | ||
| Q2 25 | 0.0% | 8.4% | ||
| Q1 25 | 0.0% | 14.9% | ||
| Q4 24 | 0.2% | 23.6% | ||
| Q3 24 | 0.1% | 15.6% | ||
| Q2 24 | 0.0% | 14.0% | ||
| Q1 24 | 0.0% | 19.2% |
| Q4 25 | — | 4.17× | ||
| Q3 25 | 1.63× | 0.45× | ||
| Q2 25 | 2.60× | 3.12× | ||
| Q1 25 | 2.03× | -0.02× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | 3.29× | 2.34× | ||
| Q2 24 | 2.14× | 1.20× | ||
| Q1 24 | 1.26× | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PLMR
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% |
