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

SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $377.3M, roughly 1.9× Bristow Group Inc.). On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs 5.8%).

SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

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.

SM vs VTOL — Head-to-Head

Bigger by revenue
SM
SM
1.9× larger
SM
$704.9M
$377.3M
VTOL
Growing faster (revenue YoY)
VTOL
VTOL
+24.0% gap
VTOL
6.7%
-17.3%
SM
Faster 2-yr revenue CAGR
SM
SM
Annualised
SM
12.2%
5.8%
VTOL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SM
SM
VTOL
VTOL
Revenue
$704.9M
$377.3M
Net Profit
$18.4M
Gross Margin
Operating Margin
25.9%
8.5%
Net Margin
4.9%
Revenue YoY
-17.3%
6.7%
Net Profit YoY
-42.1%
EPS (diluted)
$0.94
$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
SM
SM
VTOL
VTOL
Q4 25
$704.9M
$377.3M
Q3 25
$811.6M
$386.3M
Q2 25
$792.9M
$376.4M
Q1 25
$844.5M
$350.5M
Q4 24
$852.0M
$353.5M
Q3 24
$643.6M
$365.1M
Q2 24
$634.6M
$359.7M
Q1 24
$559.9M
$337.1M
Net Profit
SM
SM
VTOL
VTOL
Q4 25
$18.4M
Q3 25
$155.1M
$51.5M
Q2 25
$201.7M
$31.7M
Q1 25
$182.3M
$27.4M
Q4 24
$31.8M
Q3 24
$240.5M
$28.2M
Q2 24
$210.3M
$28.2M
Q1 24
$131.2M
$6.6M
Operating Margin
SM
SM
VTOL
VTOL
Q4 25
25.9%
8.5%
Q3 25
30.4%
13.1%
Q2 25
37.2%
11.3%
Q1 25
32.7%
9.6%
Q4 24
33.7%
9.0%
Q3 24
51.4%
9.1%
Q2 24
44.0%
12.4%
Q1 24
31.9%
6.8%
Net Margin
SM
SM
VTOL
VTOL
Q4 25
4.9%
Q3 25
19.1%
13.3%
Q2 25
25.4%
8.4%
Q1 25
21.6%
7.8%
Q4 24
9.0%
Q3 24
37.4%
7.7%
Q2 24
33.1%
7.8%
Q1 24
23.4%
2.0%
EPS (diluted)
SM
SM
VTOL
VTOL
Q4 25
$0.94
$0.61
Q3 25
$1.35
$1.72
Q2 25
$1.76
$1.07
Q1 25
$1.59
$0.92
Q4 24
$1.63
$1.07
Q3 24
$2.09
$0.95
Q2 24
$1.82
$0.96
Q1 24
$1.13
$0.23

Balance Sheet & Financial Strength

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

Metric
SM
SM
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$368.0M
$286.2M
Total DebtLower is stronger
$671.5M
Stockholders' EquityBook value
$4.8B
$1.1B
Total Assets
$9.3B
$2.3B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SM
SM
VTOL
VTOL
Q4 25
$368.0M
$286.2M
Q3 25
$162.3M
$245.5M
Q2 25
$101.9M
$251.8M
Q1 25
$54.0K
$191.1M
Q4 24
$247.5M
Q3 24
$1.7B
$200.3M
Q2 24
$487.9M
$178.6M
Q1 24
$506.3M
$140.6M
Total Debt
SM
SM
VTOL
VTOL
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
Stockholders' Equity
SM
SM
VTOL
VTOL
Q4 25
$4.8B
$1.1B
Q3 25
$4.7B
$1.0B
Q2 25
$4.6B
$984.4M
Q1 25
$4.4B
$931.7M
Q4 24
$4.2B
$891.7M
Q3 24
$4.1B
$899.2M
Q2 24
$3.8B
$849.1M
Q1 24
$3.7B
$820.7M
Total Assets
SM
SM
VTOL
VTOL
Q4 25
$9.3B
$2.3B
Q3 25
$9.1B
$2.3B
Q2 25
$9.0B
$2.3B
Q1 25
$8.8B
$2.2B
Q4 24
$8.6B
$2.1B
Q3 24
$8.0B
$2.1B
Q2 24
$6.7B
$2.0B
Q1 24
$6.4B
$1.9B
Debt / Equity
SM
SM
VTOL
VTOL
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
SM
SM
VTOL
VTOL
Operating Cash FlowLast quarter
$451.9M
$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
SM
SM
VTOL
VTOL
Q4 25
$451.9M
$76.9M
Q3 25
$505.0M
$23.1M
Q2 25
$571.1M
$99.0M
Q1 25
$483.0M
$-603.0K
Q4 24
$578.4M
$51.1M
Q3 24
$452.3M
$66.0M
Q2 24
$476.4M
$33.7M
Q1 24
$276.0M
$26.7M
Free Cash Flow
SM
SM
VTOL
VTOL
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
Q1 24
$-37.9M
FCF Margin
SM
SM
VTOL
VTOL
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%
Q1 24
-11.2%
Capex Intensity
SM
SM
VTOL
VTOL
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%
Q1 24
19.2%
Cash Conversion
SM
SM
VTOL
VTOL
Q4 25
4.17×
Q3 25
3.26×
0.45×
Q2 25
2.83×
3.12×
Q1 25
2.65×
-0.02×
Q4 24
1.61×
Q3 24
1.88×
2.34×
Q2 24
2.27×
1.20×
Q1 24
2.10×
4.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SM
SM

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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