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Side-by-side financial comparison of Tenable Holdings, Inc. (TENB) 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 $262.1M, roughly 1.4× Tenable Holdings, Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs 0.5%, a 4.3% gap on every dollar of revenue. On growth, Tenable Holdings, Inc. posted the faster year-over-year revenue change (9.6% vs 6.7%). Tenable Holdings, Inc. produced more free cash flow last quarter ($82.6M vs $47.8M). Over the past eight quarters, Tenable Holdings, Inc.'s revenue compounded faster (8.8% CAGR vs 5.8%).

Tenable Holdings, Inc. is a cybersecurity company based in Columbia, Maryland. Its vulnerability scanner software Nessus, developed in 1998, is one of the most widely deployed vulnerability assessment solutions in the cybersecurity industry. As of December 31, 2023, the company had approximately 44,000 customers, including 65% of the Fortune 500.

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.

TENB vs VTOL — Head-to-Head

Bigger by revenue
VTOL
VTOL
1.4× larger
VTOL
$377.3M
$262.1M
TENB
Growing faster (revenue YoY)
TENB
TENB
+2.9% gap
TENB
9.6%
6.7%
VTOL
Higher net margin
VTOL
VTOL
4.3% more per $
VTOL
4.9%
0.5%
TENB
More free cash flow
TENB
TENB
$34.9M more FCF
TENB
$82.6M
$47.8M
VTOL
Faster 2-yr revenue CAGR
TENB
TENB
Annualised
TENB
8.8%
5.8%
VTOL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
TENB
TENB
VTOL
VTOL
Revenue
$262.1M
$377.3M
Net Profit
$1.4M
$18.4M
Gross Margin
78.4%
Operating Margin
25.0%
8.5%
Net Margin
0.5%
4.9%
Revenue YoY
9.6%
6.7%
Net Profit YoY
-42.1%
EPS (diluted)
$0.01
$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
TENB
TENB
VTOL
VTOL
Q1 26
$262.1M
Q4 25
$260.5M
$377.3M
Q3 25
$252.4M
$386.3M
Q2 25
$247.3M
$376.4M
Q1 25
$239.1M
$350.5M
Q4 24
$235.7M
$353.5M
Q3 24
$227.1M
$365.1M
Q2 24
$221.2M
$359.7M
Net Profit
TENB
TENB
VTOL
VTOL
Q1 26
$1.4M
Q4 25
$-737.0K
$18.4M
Q3 25
$2.3M
$51.5M
Q2 25
$-14.7M
$31.7M
Q1 25
$-22.9M
$27.4M
Q4 24
$1.9M
$31.8M
Q3 24
$-9.2M
$28.2M
Q2 24
$-14.6M
$28.2M
Gross Margin
TENB
TENB
VTOL
VTOL
Q1 26
78.4%
Q4 25
78.8%
Q3 25
77.5%
Q2 25
78.0%
Q1 25
78.1%
Q4 24
78.2%
Q3 24
77.8%
Q2 24
77.9%
Operating Margin
TENB
TENB
VTOL
VTOL
Q1 26
25.0%
Q4 25
3.4%
8.5%
Q3 25
2.8%
13.1%
Q2 25
-3.0%
11.3%
Q1 25
-7.4%
9.6%
Q4 24
5.5%
9.0%
Q3 24
-0.9%
9.1%
Q2 24
-4.0%
12.4%
Net Margin
TENB
TENB
VTOL
VTOL
Q1 26
0.5%
Q4 25
-0.3%
4.9%
Q3 25
0.9%
13.3%
Q2 25
-5.9%
8.4%
Q1 25
-9.6%
7.8%
Q4 24
0.8%
9.0%
Q3 24
-4.1%
7.7%
Q2 24
-6.6%
7.8%
EPS (diluted)
TENB
TENB
VTOL
VTOL
Q1 26
$0.01
Q4 25
$-0.01
$0.61
Q3 25
$0.02
$1.72
Q2 25
$-0.12
$1.07
Q1 25
$-0.19
$0.92
Q4 24
$0.01
$1.07
Q3 24
$-0.08
$0.95
Q2 24
$-0.12
$0.96

Balance Sheet & Financial Strength

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

Metric
TENB
TENB
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$360.3M
$286.2M
Total DebtLower is stronger
$671.5M
Stockholders' EquityBook value
$248.2M
$1.1B
Total Assets
$1.6B
$2.3B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TENB
TENB
VTOL
VTOL
Q1 26
$360.3M
Q4 25
$402.2M
$286.2M
Q3 25
$383.6M
$245.5M
Q2 25
$386.5M
$251.8M
Q1 25
$460.3M
$191.1M
Q4 24
$577.2M
$247.5M
Q3 24
$548.4M
$200.3M
Q2 24
$487.0M
$178.6M
Total Debt
TENB
TENB
VTOL
VTOL
Q1 26
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
Stockholders' Equity
TENB
TENB
VTOL
VTOL
Q1 26
$248.2M
Q4 25
$326.4M
$1.1B
Q3 25
$344.4M
$1.0B
Q2 25
$350.7M
$984.4M
Q1 25
$383.2M
$931.7M
Q4 24
$400.0M
$891.7M
Q3 24
$404.6M
$899.2M
Q2 24
$363.6M
$849.1M
Total Assets
TENB
TENB
VTOL
VTOL
Q1 26
$1.6B
Q4 25
$1.7B
$2.3B
Q3 25
$1.7B
$2.3B
Q2 25
$1.7B
$2.3B
Q1 25
$1.7B
$2.2B
Q4 24
$1.7B
$2.1B
Q3 24
$1.6B
$2.1B
Q2 24
$1.6B
$2.0B
Debt / Equity
TENB
TENB
VTOL
VTOL
Q1 26
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
TENB
TENB
VTOL
VTOL
Operating Cash FlowLast quarter
$88.0M
$76.9M
Free Cash FlowOCF − Capex
$82.6M
$47.8M
FCF MarginFCF / Revenue
31.5%
12.7%
Capex IntensityCapex / Revenue
7.7%
Cash ConversionOCF / Net Profit
62.21×
4.17×
TTM Free Cash FlowTrailing 4 quarters
$256.4M
$56.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TENB
TENB
VTOL
VTOL
Q1 26
$88.0M
Q4 25
$83.0M
$76.9M
Q3 25
$53.9M
$23.1M
Q2 25
$42.5M
$99.0M
Q1 25
$87.4M
$-603.0K
Q4 24
$81.1M
$51.1M
Q3 24
$54.6M
$66.0M
Q2 24
$31.4M
$33.7M
Free Cash Flow
TENB
TENB
VTOL
VTOL
Q1 26
$82.6M
Q4 25
$82.7M
$47.8M
Q3 25
$53.0M
$-6.2M
Q2 25
$38.1M
$67.4M
Q1 25
$80.9M
$-52.7M
Q4 24
$78.8M
$-32.4M
Q3 24
$53.9M
$9.0M
Q2 24
$30.9M
$-16.7M
FCF Margin
TENB
TENB
VTOL
VTOL
Q1 26
31.5%
Q4 25
31.7%
12.7%
Q3 25
21.0%
-1.6%
Q2 25
15.4%
17.9%
Q1 25
33.8%
-15.0%
Q4 24
33.4%
-9.2%
Q3 24
23.7%
2.5%
Q2 24
14.0%
-4.6%
Capex Intensity
TENB
TENB
VTOL
VTOL
Q1 26
Q4 25
0.1%
7.7%
Q3 25
0.3%
7.6%
Q2 25
1.8%
8.4%
Q1 25
2.7%
14.9%
Q4 24
1.0%
23.6%
Q3 24
0.3%
15.6%
Q2 24
0.2%
14.0%
Cash Conversion
TENB
TENB
VTOL
VTOL
Q1 26
62.21×
Q4 25
4.17×
Q3 25
23.83×
0.45×
Q2 25
3.12×
Q1 25
-0.02×
Q4 24
43.43×
1.61×
Q3 24
2.34×
Q2 24
1.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TENB
TENB

Subscription revenue$243.2M93%
Perpetual license and maintenance revenue$10.2M4%
Other$8.7M3%

VTOL
VTOL

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

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