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Side-by-side financial comparison of Bristow Group Inc. (VTOL) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
OLYMPIC STEEL INC is the larger business by last-quarter revenue ($490.7M vs $377.3M, roughly 1.3× Bristow Group Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs 0.4%, a 4.4% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs 4.4%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $-12.9M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs 0.1%).
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.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
VTOL vs ZEUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $377.3M | $490.7M |
| Net Profit | $18.4M | $2.2M |
| Gross Margin | — | — |
| Operating Margin | 8.5% | 1.5% |
| Net Margin | 4.9% | 0.4% |
| Revenue YoY | 6.7% | 4.4% |
| Net Profit YoY | -42.1% | -21.2% |
| EPS (diluted) | $0.61 | $0.18 |
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 | — | ||
| Q3 25 | $386.3M | $490.7M | ||
| Q2 25 | $376.4M | $496.5M | ||
| Q1 25 | $350.5M | $492.9M | ||
| Q4 24 | $353.5M | $418.8M | ||
| Q3 24 | $365.1M | $470.0M | ||
| Q2 24 | $359.7M | $526.3M | ||
| Q1 24 | $337.1M | $526.6M |
| Q4 25 | $18.4M | — | ||
| Q3 25 | $51.5M | $2.2M | ||
| Q2 25 | $31.7M | $5.2M | ||
| Q1 25 | $27.4M | $2.5M | ||
| Q4 24 | $31.8M | $3.9M | ||
| Q3 24 | $28.2M | $2.7M | ||
| Q2 24 | $28.2M | $7.7M | ||
| Q1 24 | $6.6M | $8.7M |
| Q4 25 | 8.5% | — | ||
| Q3 25 | 13.1% | 1.5% | ||
| Q2 25 | 11.3% | 2.3% | ||
| Q1 25 | 9.6% | 1.6% | ||
| Q4 24 | 9.0% | 2.1% | ||
| Q3 24 | 9.1% | 1.7% | ||
| Q2 24 | 12.4% | 2.9% | ||
| Q1 24 | 6.8% | 3.0% |
| Q4 25 | 4.9% | — | ||
| Q3 25 | 13.3% | 0.4% | ||
| Q2 25 | 8.4% | 1.1% | ||
| Q1 25 | 7.8% | 0.5% | ||
| Q4 24 | 9.0% | 0.9% | ||
| Q3 24 | 7.7% | 0.6% | ||
| Q2 24 | 7.8% | 1.5% | ||
| Q1 24 | 2.0% | 1.7% |
| Q4 25 | $0.61 | — | ||
| Q3 25 | $1.72 | $0.18 | ||
| Q2 25 | $1.07 | $0.45 | ||
| Q1 25 | $0.92 | $0.21 | ||
| Q4 24 | $1.07 | $0.33 | ||
| Q3 24 | $0.95 | $0.23 | ||
| 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 | $7.5M |
| Total DebtLower is stronger | $671.5M | $240.9M |
| Stockholders' EquityBook value | $1.1B | $579.1M |
| Total Assets | $2.3B | $1.1B |
| Debt / EquityLower = less leverage | 0.63× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $286.2M | — | ||
| Q3 25 | $245.5M | $7.5M | ||
| Q2 25 | $251.8M | $14.8M | ||
| Q1 25 | $191.1M | $13.3M | ||
| Q4 24 | $247.5M | $11.9M | ||
| Q3 24 | $200.3M | $11.1M | ||
| Q2 24 | $178.6M | $9.4M | ||
| Q1 24 | $140.6M | $10.3M |
| Q4 25 | $671.5M | — | ||
| Q3 25 | $675.0M | $240.9M | ||
| Q2 25 | $705.2M | $233.2M | ||
| Q1 25 | $701.9M | $235.4M | ||
| Q4 24 | $689.8M | $272.5M | ||
| Q3 24 | $629.1M | $197.3M | ||
| Q2 24 | $594.2M | $209.2M | ||
| Q1 24 | $544.1M | $196.8M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | $579.1M | ||
| Q2 25 | $984.4M | $578.2M | ||
| Q1 25 | $931.7M | $574.2M | ||
| Q4 24 | $891.7M | $573.9M | ||
| Q3 24 | $899.2M | $570.6M | ||
| Q2 24 | $849.1M | $569.5M | ||
| Q1 24 | $820.7M | $563.0M |
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | $1.1B | ||
| Q2 25 | $2.3B | $1.1B | ||
| Q1 25 | $2.2B | $1.1B | ||
| Q4 24 | $2.1B | $1.0B | ||
| Q3 24 | $2.1B | $1.0B | ||
| Q2 24 | $2.0B | $1.0B | ||
| Q1 24 | $1.9B | $1.0B |
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.65× | 0.42× | ||
| Q2 25 | 0.72× | 0.40× | ||
| Q1 25 | 0.75× | 0.41× | ||
| Q4 24 | 0.77× | 0.47× | ||
| Q3 24 | 0.70× | 0.35× | ||
| Q2 24 | 0.70× | 0.37× | ||
| Q1 24 | 0.66× | 0.35× |
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 | $-5.4M |
| Free Cash FlowOCF − Capex | $47.8M | $-12.9M |
| FCF MarginFCF / Revenue | 12.7% | -2.6% |
| Capex IntensityCapex / Revenue | 7.7% | 1.5% |
| Cash ConversionOCF / Net Profit | 4.17× | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | $56.4M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.9M | — | ||
| Q3 25 | $23.1M | $-5.4M | ||
| Q2 25 | $99.0M | $15.5M | ||
| Q1 25 | $-603.0K | $49.4M | ||
| Q4 24 | $51.1M | $14.6M | ||
| Q3 24 | $66.0M | $24.6M | ||
| Q2 24 | $33.7M | $-2.9M | ||
| Q1 24 | $26.7M | $-2.6M |
| Q4 25 | $47.8M | — | ||
| Q3 25 | $-6.2M | $-12.9M | ||
| Q2 25 | $67.4M | $6.8M | ||
| Q1 25 | $-52.7M | $40.6M | ||
| Q4 24 | $-32.4M | $7.4M | ||
| Q3 24 | $9.0M | $15.6M | ||
| Q2 24 | $-16.7M | $-11.3M | ||
| Q1 24 | $-37.9M | $-7.4M |
| Q4 25 | 12.7% | — | ||
| Q3 25 | -1.6% | -2.6% | ||
| Q2 25 | 17.9% | 1.4% | ||
| Q1 25 | -15.0% | 8.2% | ||
| Q4 24 | -9.2% | 1.8% | ||
| Q3 24 | 2.5% | 3.3% | ||
| Q2 24 | -4.6% | -2.2% | ||
| Q1 24 | -11.2% | -1.4% |
| Q4 25 | 7.7% | — | ||
| Q3 25 | 7.6% | 1.5% | ||
| Q2 25 | 8.4% | 1.7% | ||
| Q1 25 | 14.9% | 1.8% | ||
| Q4 24 | 23.6% | 1.7% | ||
| Q3 24 | 15.6% | 1.9% | ||
| Q2 24 | 14.0% | 1.6% | ||
| Q1 24 | 19.2% | 0.9% |
| Q4 25 | 4.17× | — | ||
| Q3 25 | 0.45× | -2.50× | ||
| Q2 25 | 3.12× | 2.96× | ||
| Q1 25 | -0.02× | 19.70× | ||
| Q4 24 | 1.61× | 3.75× | ||
| Q3 24 | 2.34× | 9.01× | ||
| Q2 24 | 1.20× | -0.38× | ||
| Q1 24 | 4.04× | -0.30× |
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% |
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
