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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

Bigger by revenue
XPRO
XPRO
1.0× larger
XPRO
$382.1M
$377.3M
VTOL
Growing faster (revenue YoY)
VTOL
VTOL
+19.2% gap
VTOL
6.7%
-12.5%
XPRO
Higher net margin
VTOL
VTOL
3.4% more per $
VTOL
4.9%
1.5%
XPRO
More free cash flow
VTOL
VTOL
$24.6M more FCF
VTOL
$47.8M
$23.2M
XPRO
Faster 2-yr revenue CAGR
VTOL
VTOL
Annualised
VTOL
5.8%
-0.2%
XPRO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
VTOL
VTOL
XPRO
XPRO
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.

Revenue
VTOL
VTOL
XPRO
XPRO
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
Net Profit
VTOL
VTOL
XPRO
XPRO
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
Operating Margin
VTOL
VTOL
XPRO
XPRO
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%
Net Margin
VTOL
VTOL
XPRO
XPRO
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%
EPS (diluted)
VTOL
VTOL
XPRO
XPRO
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
VTOL
VTOL
XPRO
XPRO
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.

Cash + ST Investments
VTOL
VTOL
XPRO
XPRO
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
Total Debt
VTOL
VTOL
XPRO
XPRO
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
Stockholders' Equity
VTOL
VTOL
XPRO
XPRO
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
Total Assets
VTOL
VTOL
XPRO
XPRO
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
Debt / Equity
VTOL
VTOL
XPRO
XPRO
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
VTOL
VTOL
XPRO
XPRO
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.

Operating Cash Flow
VTOL
VTOL
XPRO
XPRO
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
Free Cash Flow
VTOL
VTOL
XPRO
XPRO
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
FCF Margin
VTOL
VTOL
XPRO
XPRO
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%
Capex Intensity
VTOL
VTOL
XPRO
XPRO
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%
Cash Conversion
VTOL
VTOL
XPRO
XPRO
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
VTOL

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

XPRO
XPRO

NLA$130.3M34%
ESSA$116.3M30%
MENA$93.0M24%
Other$42.5M11%

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