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

Bristow Group Inc. is the larger business by last-quarter revenue ($377.3M vs $191.4M, roughly 2.0× WAFD INC). WAFD INC runs the higher net margin — 33.5% vs 4.9%, a 28.7% gap on every dollar of revenue. On growth, WAFD INC posted the faster year-over-year revenue change (11.8% vs 6.7%). WAFD INC produced more free cash flow last quarter ($50.0M vs $47.8M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs 5.5%).

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.

Washington Federal Bank is a bank based in Seattle, Washington. It operates 210 branches in Washington, Oregon, Idaho, Nevada, Utah, Arizona, New Mexico, California, and Texas. It is on the list of largest banks in the United States.

VTOL vs WAFD — Head-to-Head

Bigger by revenue
VTOL
VTOL
2.0× larger
VTOL
$377.3M
$191.4M
WAFD
Growing faster (revenue YoY)
WAFD
WAFD
+5.1% gap
WAFD
11.8%
6.7%
VTOL
Higher net margin
WAFD
WAFD
28.7% more per $
WAFD
33.5%
4.9%
VTOL
More free cash flow
WAFD
WAFD
$2.3M more FCF
WAFD
$50.0M
$47.8M
VTOL
Faster 2-yr revenue CAGR
VTOL
VTOL
Annualised
VTOL
5.8%
5.5%
WAFD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
VTOL
VTOL
WAFD
WAFD
Revenue
$377.3M
$191.4M
Net Profit
$18.4M
$64.2M
Gross Margin
Operating Margin
8.5%
43.0%
Net Margin
4.9%
33.5%
Revenue YoY
6.7%
11.8%
Net Profit YoY
-42.1%
35.8%
EPS (diluted)
$0.61
$0.79

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
VTOL
VTOL
WAFD
WAFD
Q4 25
$377.3M
$191.4M
Q3 25
$386.3M
$188.3M
Q2 25
$376.4M
$186.3M
Q1 25
$350.5M
$179.8M
Q4 24
$353.5M
$171.1M
Q3 24
$365.1M
$188.7M
Q2 24
$359.7M
$194.4M
Q1 24
$337.1M
$172.0M
Net Profit
VTOL
VTOL
WAFD
WAFD
Q4 25
$18.4M
$64.2M
Q3 25
$51.5M
$60.6M
Q2 25
$31.7M
$62.0M
Q1 25
$27.4M
$56.3M
Q4 24
$31.8M
$47.3M
Q3 24
$28.2M
$61.1M
Q2 24
$28.2M
$64.6M
Q1 24
$6.6M
$15.9M
Operating Margin
VTOL
VTOL
WAFD
WAFD
Q4 25
8.5%
43.0%
Q3 25
13.1%
41.2%
Q2 25
11.3%
42.8%
Q1 25
9.6%
40.1%
Q4 24
9.0%
35.2%
Q3 24
9.1%
42.8%
Q2 24
12.4%
42.6%
Q1 24
6.8%
12.2%
Net Margin
VTOL
VTOL
WAFD
WAFD
Q4 25
4.9%
33.5%
Q3 25
13.3%
32.2%
Q2 25
8.4%
33.3%
Q1 25
7.8%
31.3%
Q4 24
9.0%
27.6%
Q3 24
7.7%
32.4%
Q2 24
7.8%
33.2%
Q1 24
2.0%
9.2%
EPS (diluted)
VTOL
VTOL
WAFD
WAFD
Q4 25
$0.61
$0.79
Q3 25
$1.72
$0.71
Q2 25
$1.07
$0.73
Q1 25
$0.92
$0.65
Q4 24
$1.07
$0.54
Q3 24
$0.95
$0.73
Q2 24
$0.96
$0.75
Q1 24
$0.23
$0.17

Balance Sheet & Financial Strength

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

Metric
VTOL
VTOL
WAFD
WAFD
Cash + ST InvestmentsLiquidity on hand
$286.2M
$734.9M
Total DebtLower is stronger
$671.5M
Stockholders' EquityBook value
$1.1B
$3.0B
Total Assets
$2.3B
$27.3B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VTOL
VTOL
WAFD
WAFD
Q4 25
$286.2M
$734.9M
Q3 25
$245.5M
$657.3M
Q2 25
$251.8M
$809.3M
Q1 25
$191.1M
$1.2B
Q4 24
$247.5M
$1.5B
Q3 24
$200.3M
$2.4B
Q2 24
$178.6M
$2.5B
Q1 24
$140.6M
$1.5B
Total Debt
VTOL
VTOL
WAFD
WAFD
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
VTOL
VTOL
WAFD
WAFD
Q4 25
$1.1B
$3.0B
Q3 25
$1.0B
$3.0B
Q2 25
$984.4M
$3.0B
Q1 25
$931.7M
$3.0B
Q4 24
$891.7M
$3.0B
Q3 24
$899.2M
$3.0B
Q2 24
$849.1M
$3.0B
Q1 24
$820.7M
$2.9B
Total Assets
VTOL
VTOL
WAFD
WAFD
Q4 25
$2.3B
$27.3B
Q3 25
$2.3B
$26.7B
Q2 25
$2.3B
$26.7B
Q1 25
$2.2B
$27.6B
Q4 24
$2.1B
$27.7B
Q3 24
$2.1B
$28.1B
Q2 24
$2.0B
$28.6B
Q1 24
$1.9B
$30.1B
Debt / Equity
VTOL
VTOL
WAFD
WAFD
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
VTOL
VTOL
WAFD
WAFD
Operating Cash FlowLast quarter
$76.9M
$60.5M
Free Cash FlowOCF − Capex
$47.8M
$50.0M
FCF MarginFCF / Revenue
12.7%
26.1%
Capex IntensityCapex / Revenue
7.7%
5.5%
Cash ConversionOCF / Net Profit
4.17×
0.94×
TTM Free Cash FlowTrailing 4 quarters
$56.4M
$377.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VTOL
VTOL
WAFD
WAFD
Q4 25
$76.9M
$60.5M
Q3 25
$23.1M
$237.0M
Q2 25
$99.0M
$58.0M
Q1 25
$-603.0K
$72.1M
Q4 24
$51.1M
$49.4M
Q3 24
$66.0M
$439.2M
Q2 24
$33.7M
$63.1M
Q1 24
$26.7M
$169.2M
Free Cash Flow
VTOL
VTOL
WAFD
WAFD
Q4 25
$47.8M
$50.0M
Q3 25
$-6.2M
$208.2M
Q2 25
$67.4M
$53.1M
Q1 25
$-52.7M
$66.6M
Q4 24
$-32.4M
$43.0M
Q3 24
$9.0M
$414.6M
Q2 24
$-16.7M
$58.3M
Q1 24
$-37.9M
$164.8M
FCF Margin
VTOL
VTOL
WAFD
WAFD
Q4 25
12.7%
26.1%
Q3 25
-1.6%
110.6%
Q2 25
17.9%
28.5%
Q1 25
-15.0%
37.0%
Q4 24
-9.2%
25.1%
Q3 24
2.5%
219.7%
Q2 24
-4.6%
30.0%
Q1 24
-11.2%
95.8%
Capex Intensity
VTOL
VTOL
WAFD
WAFD
Q4 25
7.7%
5.5%
Q3 25
7.6%
15.2%
Q2 25
8.4%
2.6%
Q1 25
14.9%
3.1%
Q4 24
23.6%
3.8%
Q3 24
15.6%
13.1%
Q2 24
14.0%
2.5%
Q1 24
19.2%
2.6%
Cash Conversion
VTOL
VTOL
WAFD
WAFD
Q4 25
4.17×
0.94×
Q3 25
0.45×
3.91×
Q2 25
3.12×
0.94×
Q1 25
-0.02×
1.28×
Q4 24
1.61×
1.05×
Q3 24
2.34×
7.18×
Q2 24
1.20×
0.98×
Q1 24
4.04×
10.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

VTOL
VTOL

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

WAFD
WAFD

Segment breakdown not available.

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