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

WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($625.1M vs $377.3M, roughly 1.7× Bristow Group Inc.). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 4.9%, a 8.5% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 6.7%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $47.8M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs 4.6%).

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.

AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...

VTOL vs WTS — Head-to-Head

Bigger by revenue
WTS
WTS
1.7× larger
WTS
$625.1M
$377.3M
VTOL
Growing faster (revenue YoY)
WTS
WTS
+9.0% gap
WTS
15.7%
6.7%
VTOL
Higher net margin
WTS
WTS
8.5% more per $
WTS
13.4%
4.9%
VTOL
More free cash flow
WTS
WTS
$92.5M more FCF
WTS
$140.3M
$47.8M
VTOL
Faster 2-yr revenue CAGR
VTOL
VTOL
Annualised
VTOL
5.8%
4.6%
WTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
VTOL
VTOL
WTS
WTS
Revenue
$377.3M
$625.1M
Net Profit
$18.4M
$83.7M
Gross Margin
49.5%
Operating Margin
8.5%
18.2%
Net Margin
4.9%
13.4%
Revenue YoY
6.7%
15.7%
Net Profit YoY
-42.1%
24.0%
EPS (diluted)
$0.61
$2.50

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
WTS
WTS
Q4 25
$377.3M
$625.1M
Q3 25
$386.3M
$611.7M
Q2 25
$376.4M
$643.7M
Q1 25
$350.5M
$558.0M
Q4 24
$353.5M
$540.4M
Q3 24
$365.1M
$543.6M
Q2 24
$359.7M
$597.3M
Q1 24
$337.1M
$570.9M
Net Profit
VTOL
VTOL
WTS
WTS
Q4 25
$18.4M
$83.7M
Q3 25
$51.5M
$82.2M
Q2 25
$31.7M
$100.9M
Q1 25
$27.4M
$74.0M
Q4 24
$31.8M
$67.5M
Q3 24
$28.2M
$69.1M
Q2 24
$28.2M
$82.0M
Q1 24
$6.6M
$72.6M
Gross Margin
VTOL
VTOL
WTS
WTS
Q4 25
49.5%
Q3 25
48.8%
Q2 25
50.6%
Q1 25
48.8%
Q4 24
46.7%
Q3 24
47.3%
Q2 24
47.7%
Q1 24
46.9%
Operating Margin
VTOL
VTOL
WTS
WTS
Q4 25
8.5%
18.2%
Q3 25
13.1%
18.2%
Q2 25
11.3%
21.0%
Q1 25
9.6%
15.7%
Q4 24
9.0%
16.5%
Q3 24
9.1%
17.1%
Q2 24
12.4%
18.7%
Q1 24
6.8%
16.9%
Net Margin
VTOL
VTOL
WTS
WTS
Q4 25
4.9%
13.4%
Q3 25
13.3%
13.4%
Q2 25
8.4%
15.7%
Q1 25
7.8%
13.3%
Q4 24
9.0%
12.5%
Q3 24
7.7%
12.7%
Q2 24
7.8%
13.7%
Q1 24
2.0%
12.7%
EPS (diluted)
VTOL
VTOL
WTS
WTS
Q4 25
$0.61
$2.50
Q3 25
$1.72
$2.45
Q2 25
$1.07
$3.01
Q1 25
$0.92
$2.21
Q4 24
$1.07
$2.02
Q3 24
$0.95
$2.06
Q2 24
$0.96
$2.44
Q1 24
$0.23
$2.17

Balance Sheet & Financial Strength

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

Metric
VTOL
VTOL
WTS
WTS
Cash + ST InvestmentsLiquidity on hand
$286.2M
$405.5M
Total DebtLower is stronger
$671.5M
Stockholders' EquityBook value
$1.1B
$2.0B
Total Assets
$2.3B
$2.9B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VTOL
VTOL
WTS
WTS
Q4 25
$286.2M
$405.5M
Q3 25
$245.5M
$457.7M
Q2 25
$251.8M
$369.3M
Q1 25
$191.1M
$336.8M
Q4 24
$247.5M
$386.9M
Q3 24
$200.3M
$303.9M
Q2 24
$178.6M
$279.4M
Q1 24
$140.6M
$237.1M
Total Debt
VTOL
VTOL
WTS
WTS
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
WTS
WTS
Q4 25
$1.1B
$2.0B
Q3 25
$1.0B
$2.0B
Q2 25
$984.4M
$1.9B
Q1 25
$931.7M
$1.8B
Q4 24
$891.7M
$1.7B
Q3 24
$899.2M
$1.7B
Q2 24
$849.1M
$1.6B
Q1 24
$820.7M
$1.6B
Total Assets
VTOL
VTOL
WTS
WTS
Q4 25
$2.3B
$2.9B
Q3 25
$2.3B
$2.7B
Q2 25
$2.3B
$2.6B
Q1 25
$2.2B
$2.5B
Q4 24
$2.1B
$2.4B
Q3 24
$2.1B
$2.4B
Q2 24
$2.0B
$2.4B
Q1 24
$1.9B
$2.3B
Debt / Equity
VTOL
VTOL
WTS
WTS
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
WTS
WTS
Operating Cash FlowLast quarter
$76.9M
$154.7M
Free Cash FlowOCF − Capex
$47.8M
$140.3M
FCF MarginFCF / Revenue
12.7%
22.4%
Capex IntensityCapex / Revenue
7.7%
2.3%
Cash ConversionOCF / Net Profit
4.17×
1.85×
TTM Free Cash FlowTrailing 4 quarters
$56.4M
$356.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VTOL
VTOL
WTS
WTS
Q4 25
$76.9M
$154.7M
Q3 25
$23.1M
$122.4M
Q2 25
$99.0M
$69.7M
Q1 25
$-603.0K
$55.2M
Q4 24
$51.1M
$139.5M
Q3 24
$66.0M
$90.7M
Q2 24
$33.7M
$85.3M
Q1 24
$26.7M
$45.6M
Free Cash Flow
VTOL
VTOL
WTS
WTS
Q4 25
$47.8M
$140.3M
Q3 25
$-6.2M
$110.9M
Q2 25
$67.4M
$59.5M
Q1 25
$-52.7M
$45.6M
Q4 24
$-32.4M
$127.5M
Q3 24
$9.0M
$84.3M
Q2 24
$-16.7M
$78.5M
Q1 24
$-37.9M
$35.5M
FCF Margin
VTOL
VTOL
WTS
WTS
Q4 25
12.7%
22.4%
Q3 25
-1.6%
18.1%
Q2 25
17.9%
9.2%
Q1 25
-15.0%
8.2%
Q4 24
-9.2%
23.6%
Q3 24
2.5%
15.5%
Q2 24
-4.6%
13.1%
Q1 24
-11.2%
6.2%
Capex Intensity
VTOL
VTOL
WTS
WTS
Q4 25
7.7%
2.3%
Q3 25
7.6%
1.9%
Q2 25
8.4%
1.6%
Q1 25
14.9%
1.7%
Q4 24
23.6%
2.2%
Q3 24
15.6%
1.2%
Q2 24
14.0%
1.1%
Q1 24
19.2%
1.8%
Cash Conversion
VTOL
VTOL
WTS
WTS
Q4 25
4.17×
1.85×
Q3 25
0.45×
1.49×
Q2 25
3.12×
0.69×
Q1 25
-0.02×
0.75×
Q4 24
1.61×
2.07×
Q3 24
2.34×
1.31×
Q2 24
1.20×
1.04×
Q1 24
4.04×
0.63×

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%

WTS
WTS

Segment breakdown not available.

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