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Side-by-side financial comparison of Bristow Group Inc. (VTOL) and EXPRO GROUP HOLDINGS N.V. (XPRO). Click either name above to swap in a different company.
EXPRO GROUP HOLDINGS N.V. is the larger business by last-quarter revenue ($382.1M vs $377.3M, roughly 1.0× Bristow Group Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs 1.5%, a 3.4% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs -12.5%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $23.2M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs -0.2%).
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.
Expro is an energy services provider headquartered in Houston, Texas, United States.
VTOL vs XPRO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $377.3M | $382.1M |
| Net Profit | $18.4M | $5.8M |
| Gross Margin | — | — |
| Operating Margin | 8.5% | 3.1% |
| Net Margin | 4.9% | 1.5% |
| Revenue YoY | 6.7% | -12.5% |
| Net Profit YoY | -42.1% | -74.9% |
| EPS (diluted) | $0.61 | $0.05 |
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 | $382.1M | ||
| Q3 25 | $386.3M | $411.4M | ||
| Q2 25 | $376.4M | $422.7M | ||
| Q1 25 | $350.5M | $390.9M | ||
| Q4 24 | $353.5M | $436.8M | ||
| Q3 24 | $365.1M | $422.8M | ||
| Q2 24 | $359.7M | $469.6M | ||
| Q1 24 | $337.1M | $383.5M |
| Q4 25 | $18.4M | $5.8M | ||
| Q3 25 | $51.5M | $14.0M | ||
| Q2 25 | $31.7M | $18.0M | ||
| Q1 25 | $27.4M | $13.9M | ||
| Q4 24 | $31.8M | $23.0M | ||
| Q3 24 | $28.2M | $16.3M | ||
| Q2 24 | $28.2M | $15.3M | ||
| Q1 24 | $6.6M | $-2.7M |
| Q4 25 | 8.5% | 3.1% | ||
| Q3 25 | 13.1% | 6.4% | ||
| Q2 25 | 11.3% | 7.7% | ||
| Q1 25 | 9.6% | 2.6% | ||
| Q4 24 | 9.0% | 7.3% | ||
| Q3 24 | 9.1% | 6.2% | ||
| Q2 24 | 12.4% | 5.9% | ||
| Q1 24 | 6.8% | 2.2% |
| Q4 25 | 4.9% | 1.5% | ||
| Q3 25 | 13.3% | 3.4% | ||
| Q2 25 | 8.4% | 4.3% | ||
| Q1 25 | 7.8% | 3.6% | ||
| Q4 24 | 9.0% | 5.3% | ||
| Q3 24 | 7.7% | 3.8% | ||
| Q2 24 | 7.8% | 3.3% | ||
| Q1 24 | 2.0% | -0.7% |
| Q4 25 | $0.61 | $0.05 | ||
| Q3 25 | $1.72 | $0.12 | ||
| Q2 25 | $1.07 | $0.16 | ||
| Q1 25 | $0.92 | $0.12 | ||
| Q4 24 | $1.07 | $0.20 | ||
| Q3 24 | $0.95 | $0.14 | ||
| Q2 24 | $0.96 | $0.13 | ||
| Q1 24 | $0.23 | $-0.02 |
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 | $196.1M |
| Total DebtLower is stronger | $671.5M | $79.1M |
| Stockholders' EquityBook value | $1.1B | $1.5B |
| Total Assets | $2.3B | $2.3B |
| Debt / EquityLower = less leverage | 0.63× | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $286.2M | $196.1M | ||
| Q3 25 | $245.5M | $197.9M | ||
| Q2 25 | $251.8M | $206.8M | ||
| Q1 25 | $191.1M | $179.3M | ||
| Q4 24 | $247.5M | $183.0M | ||
| Q3 24 | $200.3M | $165.7M | ||
| Q2 24 | $178.6M | $133.5M | ||
| Q1 24 | $140.6M | $163.2M |
| Q4 25 | $671.5M | $79.1M | ||
| Q3 25 | $675.0M | $99.1M | ||
| Q2 25 | $705.2M | $121.1M | ||
| Q1 25 | $701.9M | $121.1M | ||
| Q4 24 | $689.8M | $121.1M | ||
| Q3 24 | $629.1M | $121.1M | ||
| Q2 24 | $594.2M | $121.1M | ||
| Q1 24 | $544.1M | $40.0M |
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $984.4M | $1.5B | ||
| Q1 25 | $931.7M | $1.5B | ||
| Q4 24 | $891.7M | $1.5B | ||
| Q3 24 | $899.2M | $1.5B | ||
| Q2 24 | $849.1M | $1.5B | ||
| Q1 24 | $820.7M | $1.3B |
| Q4 25 | $2.3B | $2.3B | ||
| Q3 25 | $2.3B | $2.3B | ||
| Q2 25 | $2.3B | $2.3B | ||
| Q1 25 | $2.2B | $2.3B | ||
| Q4 24 | $2.1B | $2.3B | ||
| Q3 24 | $2.1B | $2.3B | ||
| Q2 24 | $2.0B | $2.3B | ||
| Q1 24 | $1.9B | $2.0B |
| Q4 25 | 0.63× | 0.05× | ||
| Q3 25 | 0.65× | 0.07× | ||
| Q2 25 | 0.72× | 0.08× | ||
| Q1 25 | 0.75× | 0.08× | ||
| Q4 24 | 0.77× | 0.08× | ||
| Q3 24 | 0.70× | 0.08× | ||
| Q2 24 | 0.70× | 0.08× | ||
| Q1 24 | 0.66× | 0.03× |
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 | $57.1M |
| Free Cash FlowOCF − Capex | $47.8M | $23.2M |
| FCF MarginFCF / Revenue | 12.7% | 6.1% |
| Capex IntensityCapex / Revenue | 7.7% | 8.9% |
| Cash ConversionOCF / Net Profit | 4.17× | 9.89× |
| TTM Free Cash FlowTrailing 4 quarters | $56.4M | $97.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.9M | $57.1M | ||
| Q3 25 | $23.1M | $63.2M | ||
| Q2 25 | $99.0M | $48.4M | ||
| Q1 25 | $-603.0K | $41.5M | ||
| Q4 24 | $51.1M | $97.4M | ||
| Q3 24 | $66.0M | $55.3M | ||
| Q2 24 | $33.7M | $-13.2M | ||
| Q1 24 | $26.7M | $29.9M |
| Q4 25 | $47.8M | $23.2M | ||
| Q3 25 | $-6.2M | $39.0M | ||
| Q2 25 | $67.4M | $27.2M | ||
| Q1 25 | $-52.7M | $8.4M | ||
| Q4 24 | $-32.4M | $53.0M | ||
| Q3 24 | $9.0M | $23.3M | ||
| Q2 24 | $-16.7M | $-49.5M | ||
| Q1 24 | $-37.9M | $-801.0K |
| Q4 25 | 12.7% | 6.1% | ||
| Q3 25 | -1.6% | 9.5% | ||
| Q2 25 | 17.9% | 6.4% | ||
| Q1 25 | -15.0% | 2.1% | ||
| Q4 24 | -9.2% | 12.1% | ||
| Q3 24 | 2.5% | 5.5% | ||
| Q2 24 | -4.6% | -10.5% | ||
| Q1 24 | -11.2% | -0.2% |
| Q4 25 | 7.7% | 8.9% | ||
| Q3 25 | 7.6% | 5.9% | ||
| Q2 25 | 8.4% | 5.0% | ||
| Q1 25 | 14.9% | 8.5% | ||
| Q4 24 | 23.6% | 10.2% | ||
| Q3 24 | 15.6% | 7.6% | ||
| Q2 24 | 14.0% | 7.7% | ||
| Q1 24 | 19.2% | 8.0% |
| Q4 25 | 4.17× | 9.89× | ||
| Q3 25 | 0.45× | 4.52× | ||
| Q2 25 | 3.12× | 2.69× | ||
| Q1 25 | -0.02× | 2.98× | ||
| Q4 24 | 1.61× | 4.23× | ||
| Q3 24 | 2.34× | 3.40× | ||
| Q2 24 | 1.20× | -0.86× | ||
| Q1 24 | 4.04× | — |
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% |
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |