(VTOL) Bristow - NYSE
Sector: Energy | Industry: Oil & Gas Equipment & Services | Exchange: NYSE (USA) | Market Cap: 1.277m USD | Total Return: 33.3% in 12m
Avg Turnover: 8.88M
EPS Trend: 87.7%
Qual. Beats: -1
Rev. Trend: 96.4%
Qual. Beats: 0
Warnings
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Bristow Group Inc. (VTOL) is a global provider of vertical flight services, primarily supporting the offshore energy sector and government agencies. Headquartered in Houston, the company operates a fleet of helicopters and fixed-wing aircraft to deliver personnel transportation, search and rescue (SAR), and aeromedical services across key regions including the North Sea, the Gulf of Mexico, and Nigeria.
The business model relies heavily on long-term service contracts with national governments and integrated oil companies, which provide more stable cash flows compared to traditional exploration activities. As a leader in the offshore aviation sector, Bristow’s operations are capital-intensive, requiring significant investment in specialized aircraft maintenance and pilot training to meet stringent safety regulations.
Analyzing the underlying fleet valuation and contract backlog on ValueRay can provide deeper insight into the companys long-term positioning.
Beyond core transportation, Bristow diversifies its revenue through aircraft leasing, parts sales, and unmanned aerial systems. This integrated approach allows the company to support the entire lifecycle of offshore energy infrastructure, from initial logistical setup to ongoing maintenance and emergency response.
- Offshore energy capital expenditure cycles dictate medium-term helicopter fleet utilization rates
- Government search and rescue contract renewals provide stable long-term cash flow visibility
- Fluctuating global crude oil prices influence offshore exploration and production activity
- Fleet modernization costs and supply chain delays impact aircraft availability and margins
- Expansion into advanced air mobility and unmanned systems creates future revenue diversification
| Net Income: 114.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 6.73 > 1.0 |
| NWC/Revenue: 27.75% < 20% (prev 19.41%; Δ 8.33% < -1%) |
| CFO/TA 0.08 > 3% & CFO 190.5m > Net Income 114.8m |
| Net Debt (900.7m) to EBITDA (234.5m): 3.84 < 3 |
| Current Ratio: 2.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (30.1m) vs 12m ago 0.65% < -2% |
| Gross Margin: 42.98% > 18% (prev 29.28%; Δ 13.70% > 0.5%) |
| Asset Turnover: 66.79% > 50% (prev 66.47%; Δ 0.32% > 0%) |
| Interest Coverage Ratio: 3.36 > 6 (EBIT TTM 148.5m / Interest Expense TTM 44.2m) |
| A: 0.18 (Total Current Assets 791.6m - Total Current Liabilities 367.4m) / Total Assets 2.41b |
| B: 0.19 (Retained Earnings 451.0m / Total Assets 2.41b) |
| C: 0.06 (EBIT TTM 148.5m / Avg Total Assets 2.29b) |
| D: 0.79 (Book Value of Equity 1.06b / Total Liabilities 1.35b) |
| Altman-Z'' = 3.03 = A |
| DSRI: 0.97 (Receivables 261.5m/253.9m, Revenue 1.53b/1.44b) |
| GMI: 0.68 (GM 29.28% / 42.98%) |
| AQI: 1.11 (AQ_t 0.09 / AQ_t-1 0.08) |
| SGI: 1.06 (Revenue 1.53b / 1.44b) |
| TATA: -0.03 (NI 114.8m - CFO 190.5m) / TA 2.41b) |
| Beneish M = -3.23 (Cap -4..+1) = AA |
As of June 23, 2026, the stock is trading at USD 42.41 with a total of 203,089 shares traded. Over the past week, the price has changed by -3.53%, over one month by -0.75%, over three months by -6.37% and over the past year by +33.27%.
Current recommended Stop Loss: 40.20 (which is 5.2% or 1.6 ATR below the current price).
Bristow has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy VTOL.
- StrongBuy: 2
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 62 | 46.2% |
P/E Trailing = 11.2318
P/S = 0.8353
P/B = 1.2058
Revenue TTM = 1.53b USD
EBIT TTM = 148.5m USD
EBITDA TTM = 234.5m USD
Long Term Debt = 727.4m USD (from longTermDebt, last quarter)
Short Term Debt = 101.9m USD (from shortTermDebt, last quarter)
Debt = 1.25b USD (from shortLongTermDebtTotal, last quarter) + Leases 245.2m
Net Debt = 900.7m USD (calculated: Debt 1.25b - CCE 344.5m)
Enterprise Value = 2.18b USD (1.28b + Debt 1.25b - CCE 344.5m)
Interest Coverage Ratio = 3.36 (Ebit TTM 148.5m / Interest Expense TTM 44.2m)
EV/FCF = 36.75x (Enterprise Value 2.18b / FCF TTM 59.2m)
FCF Yield = 2.72% (FCF TTM 59.2m / Enterprise Value 2.18b)
FCF Margin = 3.88% (FCF TTM 59.2m / Revenue TTM 1.53b)
Net Margin = 7.51% (Net Income TTM 114.8m / Revenue TTM 1.53b)
Gross Margin = 42.98% ((Revenue TTM 1.53b - Cost of Revenue TTM 871.7m) / Revenue TTM)
Gross Margin QoQ = 94.82% (prev 19.97%)
Tobins Q-Ratio = 0.91 (Enterprise Value 2.18b / Total Assets 2.41b)
Interest Expense / Debt = 3.55% (Interest Expense 44.2m / Debt 1.25b)
Taxrate = 11.62% (15.1m / 130.2m)
NOPAT = 131.2m (EBIT 148.5m * (1 - 11.62%))
Current Ratio = 2.15 (Total Current Assets 791.6m / Total Current Liabilities 367.4m)
Debt / Equity = 1.18 (Debt 1.25b / totalStockholderEquity, last quarter 1.06b)
Debt / EBITDA = 3.84 (Net Debt 900.7m / EBITDA 234.5m)
Debt / FCF = 15.20 (Net Debt 900.7m / FCF TTM 59.2m)
Total Stockholder Equity = 1.03b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.02% (Net Income 114.8m / Total Assets 2.41b)
RoE = 11.10% (Net Income TTM 114.8m / Total Stockholder Equity 1.03b)
RoCE = 8.43% (EBIT 148.5m / Capital Employed (Equity 1.03b + L.T.Debt 727.4m))
RoIC = 6.36% (NOPAT 131.2m / Invested Capital 2.06b)
WACC = 5.33% (E(1.28b)/V(2.52b) * Re(7.46%) + D(1.25b)/V(2.52b) * Rd(3.55%) * (1-Tc(0.12)))
Discount Rate = 7.46% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.11 | Cagr: 2.74%
[DCF] Terminal Value 75.44% ; FCFF base≈59.2m ; Y1≈59.5m ; Y5≈63.0m
[DCF] Fair Price = 2.68 (EV 980.2m - Net Debt 900.7m = Equity 79.5m / Shares 29.6m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: 87.70 | EPS CAGR: 68.76% | SUE: -1.58 | # QB: -1
Revenue Correlation: 96.36 | Revenue CAGR: 8.41% | SUE: 0.47 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.84 | Chg30d=-37.31% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.33 | Chg30d=-8.28% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=3.91 | Chg30d=-22.54% | Revisions=-43% | GrowthEPS=-9.6% | GrowthRev=+9.9%
EPS next Year (2027-12-31): EPS=5.26 | Chg30d=-16.24% | Revisions=N/A | GrowthEPS=-1.3% | GrowthRev=+5.2%
[Analyst] Revisions Ratio: -43%