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Side-by-side financial comparison of Bristow Group Inc. (VTOL) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
Bristow Group Inc. is the larger business by last-quarter revenue ($377.3M vs $249.0M, roughly 1.5× XPLR Infrastructure, LP). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs 4.9%, a 6.4% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs -15.3%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $-88.0M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs -1.6%).
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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
VTOL vs XIFR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $377.3M | $249.0M |
| Net Profit | $18.4M | $28.0M |
| Gross Margin | — | — |
| Operating Margin | 8.5% | -19.3% |
| Net Margin | 4.9% | 11.2% |
| Revenue YoY | 6.7% | -15.3% |
| Net Profit YoY | -42.1% | 124.3% |
| EPS (diluted) | $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 | $377.3M | $249.0M | ||
| Q3 25 | $386.3M | $315.0M | ||
| Q2 25 | $376.4M | $342.0M | ||
| Q1 25 | $350.5M | $282.0M | ||
| Q4 24 | $353.5M | $294.0M | ||
| Q3 24 | $365.1M | $319.0M | ||
| Q2 24 | $359.7M | $360.0M | ||
| Q1 24 | $337.1M | $257.0M |
| Q4 25 | $18.4M | $28.0M | ||
| Q3 25 | $51.5M | $-37.0M | ||
| Q2 25 | $31.7M | $79.0M | ||
| Q1 25 | $27.4M | $-98.0M | ||
| Q4 24 | $31.8M | $-115.0M | ||
| Q3 24 | $28.2M | $-40.0M | ||
| Q2 24 | $28.2M | $62.0M | ||
| Q1 24 | $6.6M | $70.0M |
| Q4 25 | 8.5% | -19.3% | ||
| Q3 25 | 13.1% | 1.6% | ||
| Q2 25 | 11.3% | 26.3% | ||
| Q1 25 | 9.6% | -82.6% | ||
| Q4 24 | 9.0% | -188.1% | ||
| Q3 24 | 9.1% | 15.4% | ||
| Q2 24 | 12.4% | 18.3% | ||
| Q1 24 | 6.8% | -8.2% |
| Q4 25 | 4.9% | 11.2% | ||
| Q3 25 | 13.3% | -11.7% | ||
| Q2 25 | 8.4% | 23.1% | ||
| Q1 25 | 7.8% | -34.8% | ||
| Q4 24 | 9.0% | -39.1% | ||
| Q3 24 | 7.7% | -12.5% | ||
| Q2 24 | 7.8% | 17.2% | ||
| Q1 24 | 2.0% | 27.2% |
| Q4 25 | $0.61 | — | ||
| Q3 25 | $1.72 | $-0.40 | ||
| Q2 25 | $1.07 | $0.84 | ||
| Q1 25 | $0.92 | $-1.05 | ||
| Q4 24 | $1.07 | — | ||
| Q3 24 | $0.95 | $-0.43 | ||
| Q2 24 | $0.96 | $0.66 | ||
| Q1 24 | $0.23 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $286.2M | $960.0M |
| Total DebtLower is stronger | $671.5M | $6.2B |
| Stockholders' EquityBook value | $1.1B | $10.9B |
| Total Assets | $2.3B | $19.6B |
| Debt / EquityLower = less leverage | 0.63× | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $286.2M | $960.0M | ||
| Q3 25 | $245.5M | $711.0M | ||
| Q2 25 | $251.8M | $880.0M | ||
| Q1 25 | $191.1M | $1.5B | ||
| Q4 24 | $247.5M | $283.0M | ||
| Q3 24 | $200.3M | $290.0M | ||
| Q2 24 | $178.6M | $281.0M | ||
| Q1 24 | $140.6M | $245.0M |
| Q4 25 | $671.5M | $6.2B | ||
| Q3 25 | $675.0M | — | ||
| Q2 25 | $705.2M | — | ||
| Q1 25 | $701.9M | — | ||
| Q4 24 | $689.8M | $5.3B | ||
| Q3 24 | $629.1M | — | ||
| Q2 24 | $594.2M | — | ||
| Q1 24 | $544.1M | — |
| Q4 25 | $1.1B | $10.9B | ||
| Q3 25 | $1.0B | $11.0B | ||
| Q2 25 | $984.4M | $11.3B | ||
| Q1 25 | $931.7M | $12.6B | ||
| Q4 24 | $891.7M | $12.9B | ||
| Q3 24 | $899.2M | $13.6B | ||
| Q2 24 | $849.1M | $13.9B | ||
| Q1 24 | $820.7M | $14.0B |
| Q4 25 | $2.3B | $19.6B | ||
| Q3 25 | $2.3B | $19.1B | ||
| Q2 25 | $2.3B | $20.5B | ||
| Q1 25 | $2.2B | $21.4B | ||
| Q4 24 | $2.1B | $20.3B | ||
| Q3 24 | $2.1B | $20.9B | ||
| Q2 24 | $2.0B | $21.7B | ||
| Q1 24 | $1.9B | $22.3B |
| Q4 25 | 0.63× | 0.57× | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.77× | 0.41× | ||
| 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 | $76.9M | $186.0M |
| Free Cash FlowOCF − Capex | $47.8M | $-88.0M |
| FCF MarginFCF / Revenue | 12.7% | -35.3% |
| Capex IntensityCapex / Revenue | 7.7% | 110.0% |
| Cash ConversionOCF / Net Profit | 4.17× | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | $56.4M | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.9M | $186.0M | ||
| Q3 25 | $23.1M | $231.0M | ||
| Q2 25 | $99.0M | $232.0M | ||
| Q1 25 | $-603.0K | $90.0M | ||
| Q4 24 | $51.1M | $283.0M | ||
| Q3 24 | $66.0M | $208.0M | ||
| Q2 24 | $33.7M | $231.0M | ||
| Q1 24 | $26.7M | $78.0M |
| Q4 25 | $47.8M | $-88.0M | ||
| Q3 25 | $-6.2M | $-283.0M | ||
| Q2 25 | $67.4M | $151.0M | ||
| Q1 25 | $-52.7M | $1.0M | ||
| Q4 24 | $-32.4M | $231.0M | ||
| Q3 24 | $9.0M | $152.0M | ||
| Q2 24 | $-16.7M | $162.0M | ||
| Q1 24 | $-37.9M | $14.0M |
| Q4 25 | 12.7% | -35.3% | ||
| Q3 25 | -1.6% | -89.8% | ||
| Q2 25 | 17.9% | 44.2% | ||
| Q1 25 | -15.0% | 0.4% | ||
| Q4 24 | -9.2% | 78.6% | ||
| Q3 24 | 2.5% | 47.6% | ||
| Q2 24 | -4.6% | 45.0% | ||
| Q1 24 | -11.2% | 5.4% |
| Q4 25 | 7.7% | 110.0% | ||
| Q3 25 | 7.6% | 163.2% | ||
| Q2 25 | 8.4% | 23.7% | ||
| Q1 25 | 14.9% | 31.6% | ||
| Q4 24 | 23.6% | 17.7% | ||
| Q3 24 | 15.6% | 17.6% | ||
| Q2 24 | 14.0% | 19.2% | ||
| Q1 24 | 19.2% | 24.9% |
| Q4 25 | 4.17× | 6.64× | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 3.12× | 2.94× | ||
| Q1 25 | -0.02× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | 2.34× | — | ||
| Q2 24 | 1.20× | 3.73× | ||
| Q1 24 | 4.04× | 1.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
