vs
Side-by-side financial comparison of Perella Weinberg Partners (PWP) 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 $219.2M, roughly 1.7× Perella Weinberg Partners). Perella Weinberg Partners runs the higher net margin — 6.3% vs 4.9%, a 1.4% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs -2.9%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $30.5M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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.
PWP vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.2M | $377.3M |
| Net Profit | $13.8M | $18.4M |
| Gross Margin | — | — |
| Operating Margin | 8.5% | 8.5% |
| Net Margin | 6.3% | 4.9% |
| Revenue YoY | -2.9% | 6.7% |
| Net Profit YoY | — | -42.1% |
| EPS (diluted) | $0.11 | $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 | $219.2M | $377.3M | ||
| Q3 25 | $164.6M | $386.3M | ||
| Q2 25 | $155.3M | $376.4M | ||
| Q1 25 | $211.8M | $350.5M | ||
| Q4 24 | $225.7M | $353.5M | ||
| Q3 24 | $278.2M | $365.1M | ||
| Q2 24 | $272.0M | $359.7M | ||
| Q1 24 | $102.1M | $337.1M |
| Q4 25 | $13.8M | $18.4M | ||
| Q3 25 | $6.0M | $51.5M | ||
| Q2 25 | $2.7M | $31.7M | ||
| Q1 25 | $17.3M | $27.4M | ||
| Q4 24 | — | $31.8M | ||
| Q3 24 | $16.4M | $28.2M | ||
| Q2 24 | $-66.0M | $28.2M | ||
| Q1 24 | $-35.8M | $6.6M |
| Q4 25 | 8.5% | 8.5% | ||
| Q3 25 | 5.4% | 13.1% | ||
| Q2 25 | 5.8% | 11.3% | ||
| Q1 25 | 5.5% | 9.6% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | 12.9% | 9.1% | ||
| Q2 24 | -30.2% | 12.4% | ||
| Q1 24 | -52.4% | 6.8% |
| Q4 25 | 6.3% | 4.9% | ||
| Q3 25 | 3.6% | 13.3% | ||
| Q2 25 | 1.8% | 8.4% | ||
| Q1 25 | 8.2% | 7.8% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | 5.9% | 7.7% | ||
| Q2 24 | -24.3% | 7.8% | ||
| Q1 24 | -35.1% | 2.0% |
| Q4 25 | $0.11 | $0.61 | ||
| Q3 25 | $0.08 | $1.72 | ||
| Q2 25 | $0.04 | $1.07 | ||
| Q1 25 | $0.24 | $0.92 | ||
| Q4 24 | — | $1.07 | ||
| Q3 24 | $0.24 | $0.95 | ||
| Q2 24 | $-1.21 | $0.96 | ||
| Q1 24 | $-0.91 | $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 | $255.9M | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $-127.4M | $1.1B |
| Total Assets | $797.6M | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $255.9M | $286.2M | ||
| Q3 25 | $185.5M | $245.5M | ||
| Q2 25 | $145.0M | $251.8M | ||
| Q1 25 | $111.2M | $191.1M | ||
| Q4 24 | $407.4M | $247.5M | ||
| Q3 24 | $335.1M | $200.3M | ||
| Q2 24 | $185.3M | $178.6M | ||
| Q1 24 | $156.7M | $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 | $-127.4M | $1.1B | ||
| Q3 25 | $-302.4M | $1.0B | ||
| Q2 25 | $-318.4M | $984.4M | ||
| Q1 25 | $-323.1M | $931.7M | ||
| Q4 24 | $-421.4M | $891.7M | ||
| Q3 24 | $-360.8M | $899.2M | ||
| Q2 24 | $-283.0M | $849.1M | ||
| Q1 24 | $161.9M | $820.7M |
| Q4 25 | $797.6M | $2.3B | ||
| Q3 25 | $650.2M | $2.3B | ||
| Q2 25 | $606.7M | $2.3B | ||
| Q1 25 | $570.5M | $2.2B | ||
| Q4 24 | $876.8M | $2.1B | ||
| Q3 24 | $810.9M | $2.1B | ||
| Q2 24 | $645.5M | $2.0B | ||
| Q1 24 | $583.6M | $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 | $34.8M | $76.9M |
| Free Cash FlowOCF − Capex | $30.5M | $47.8M |
| FCF MarginFCF / Revenue | 13.9% | 12.7% |
| Capex IntensityCapex / Revenue | 2.0% | 7.7% |
| Cash ConversionOCF / Net Profit | 2.52× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $-34.1M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.8M | $76.9M | ||
| Q3 25 | $59.2M | $23.1M | ||
| Q2 25 | $56.1M | $99.0M | ||
| Q1 25 | $-176.5M | $-603.0K | ||
| Q4 24 | $223.4M | $51.1M | ||
| Q3 24 | $200.3M | $66.0M | ||
| Q2 24 | $90.0M | $33.7M | ||
| Q1 24 | $-206.3M | $26.7M |
| Q4 25 | $30.5M | $47.8M | ||
| Q3 25 | $57.6M | $-6.2M | ||
| Q2 25 | $55.3M | $67.4M | ||
| Q1 25 | $-177.6M | $-52.7M | ||
| Q4 24 | $207.0M | $-32.4M | ||
| Q3 24 | $199.3M | $9.0M | ||
| Q2 24 | $83.7M | $-16.7M | ||
| Q1 24 | $-214.8M | $-37.9M |
| Q4 25 | 13.9% | 12.7% | ||
| Q3 25 | 35.0% | -1.6% | ||
| Q2 25 | 35.6% | 17.9% | ||
| Q1 25 | -83.8% | -15.0% | ||
| Q4 24 | 91.7% | -9.2% | ||
| Q3 24 | 71.6% | 2.5% | ||
| Q2 24 | 30.8% | -4.6% | ||
| Q1 24 | -210.3% | -11.2% |
| Q4 25 | 2.0% | 7.7% | ||
| Q3 25 | 0.9% | 7.6% | ||
| Q2 25 | 0.5% | 8.4% | ||
| Q1 25 | 0.5% | 14.9% | ||
| Q4 24 | 7.3% | 23.6% | ||
| Q3 24 | 0.4% | 15.6% | ||
| Q2 24 | 2.3% | 14.0% | ||
| Q1 24 | 8.3% | 19.2% |
| Q4 25 | 2.52× | 4.17× | ||
| Q3 25 | 9.85× | 0.45× | ||
| Q2 25 | 20.50× | 3.12× | ||
| Q1 25 | -10.18× | -0.02× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | 12.23× | 2.34× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PWP
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% |
