Bristow Group Inc. (VTOL) Income Statement
VTOL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVTOL revenue and net income
Where VTOL's revenue goes
2025Each bar shows an amount and its share of revenue. VTOL kept 8.7% of revenue as net income.
VTOL profit margins
VTOL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.3% | +7.5% | +5.5% | +1.1% |
| Gross profit | −20.2% | +4.5% | +2.0% | +3.1% |
| Operating income | +8.5% | +76.9% | — | — |
| Net income | +36.2% | +141.1% | — | — |
| EPS (diluted) | +10.3% | +33.4% | +35.2% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VTOL quarterly EPS vs estimates
Bristow beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 3, 2026 (estimate $1.18).
VTOL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.49B | $1.42B | $1.30B | $1.20B | $1.19B | $1.14B | $1.19B | $1.37B | $1.31B | $1.37B |
| Cost of revenue | $1.17B | $1.02B | $966.6M | $919.3M | $993.4M | $851.2M | $940.5M | $1.26B | $1.08B | $1.12B |
| Gross profit | $318.0M | $398.3M | $330.8M | $278.9M | $191.8M | $287.9M | $250.2M | $105.5M | $228.2M | $256.1M |
| Sales, general & admin | $174.1M | $198.0M | $204.6M | $175.6M | $159.1M | $157.1M | $154.7M | $182.1M | $186.0M | $174.4M |
| Total operating expenses | $174.1M | $265.7M | $270.1M | $252.9M | $190.6M | $390.7M | $337.4M | $182.1M | $445.5M | $404.1M |
| Operating income | $143.8M | $132.6M | $60.8M | $26.0M | $1.2M | −$102.9M | −$87.3M | −$217.3M | −$217.3M | −$148.0M |
| Interest income | $9.4M | $8.9M | $8.6M | — | $161,000 | $1.3M | $11.4M | $3.4M | $14.1M | $677,000 |
| Interest expense | $39.9M | $37.6M | $41.4M | $40.9M | $41.5M | $51.3M | $13.9M | $113.5M | $113.5M | $16.8M |
| Income before taxes | $151.2M | $102.1M | $18.0M | $20.0M | −$4.4M | −$56.6M | −$747.8M | −$336.3M | −$336.3M | −$228.0M |
| Income taxes | $21.8M | $7.2M | $24.9M | $10.8M | $11.3M | −$355,000 | −$50.7M | −$161,000 | −$161,000 | −$30.9M |
| Net income | $129.1M | $94.8M | −$6.8M | $9.2M | −$15.8M | −$56.1M | −$697.2M | −$336.8M | −$336.8M | −$194.7M |
| EBITDA | $272.8M | $230.1M | $156.2M | $126.8M | $124.3M | $159.1M | $112.7M | $47.2M | $44.5M | $83.1M |
| EPS (diluted) | $4.06 | $3.68 | $0.93 | $1.71 | $1.05 | $0.90 | −$0.45 | −$9.72 | −$2.64 | −$2.88 |
| Gross margin | 21.3% | 28.1% | 25.5% | 23.3% | 16.2% | 25.3% | 21.0% | 7.7% | 17.4% | 18.6% |
| Operating margin | 9.7% | 9.4% | 4.7% | 2.2% | 0.1% | −9.0% | −7.3% | −15.9% | −16.6% | −10.8% |
| Net margin | 8.7% | 6.7% | −0.5% | 0.8% | −1.3% | −4.9% | −58.6% | −24.6% | −25.8% | −14.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $411.8M | $388.7M | $377.3M | $386.3M | $376.4M | $350.5M | $377.2M | $356.4M | $359.7M | $337.1M | $362.7M | $330.3M |
| Cost of revenue | $302.9M | $20.1M | $301.9M | $277.3M | $272.3M | $250.4M | $260.7M | $262.7M | $247.4M | $248.4M | $258.6M | $240.7M |
| Gross profit | $108.8M | $368.6M | $75.3M | $109.0M | $104.1M | $100.2M | $116.5M | $93.7M | $112.3M | $88.7M | $104.2M | $89.6M |
| Sales, general & admin | $43.2M | $44.3M | $43.4M | $49.0M | $50.5M | $49.9M | $67.6M | $43.2M | $51.1M | $51.7M | $67.7M | $46.3M |
| Total operating expenses | $69.3M | $342.0M | $43.4M | $58.5M | $61.4M | $66.6M | $84.7M | $60.5M | $67.6M | $65.9M | $84.6M | $60.0M |
| Operating income | $39.6M | $26.5M | $31.9M | $50.5M | $42.6M | $33.5M | $31.8M | $33.2M | $44.8M | $22.8M | $19.6M | $29.6M |
| Interest income | $2.9M | $3.9M | $2.9M | $2.3M | $2.0M | $2.1M | $2.2M | $2.5M | $2.1M | $2.0M | $3.5M | $2.5M |
| Interest expense | $12.2M | $13.8M | $10.4M | $10.0M | $10.0M | $9.5M | $9.1M | $9.7M | $9.4M | $9.5M | $11.3M | $10.0M |
| Income before taxes | $21.3M | $16.6M | $21.7M | $39.7M | $52.2M | $37.6M | $18.8M | $36.7M | $37.4M | $9.1M | $13.5M | $27.0M |
| Income taxes | $108,000 | $3.5M | $3.0M | −$11.8M | $20.4M | $10.2M | −$13.0M | $8.4M | $9.2M | $2.5M | $21.6M | $22.6M |
| Net income | $21.2M | $13.1M | $18.4M | $51.5M | $31.7M | $27.4M | $31.8M | $28.2M | $28.2M | $6.6M | −$7.9M | $4.3M |
| EBITDA | $78.1M | $56.2M | $52.7M | $69.6M | $57.1M | $53.7M | $52.6M | $54.8M | $64.9M | $40.7M | $39.9M | $47.1M |
| EPS (diluted) | $0.70 | $0.55 | $0.89 | $1.72 | $0.68 | $0.77 | $1.07 | $0.83 | $1.15 | $0.63 | −$0.07 | $0.41 |
| Gross margin | 26.4% | 94.8% | 20.0% | 28.2% | 27.7% | 28.6% | 30.9% | 26.3% | 31.2% | 26.3% | 28.7% | 27.1% |
| Operating margin | 9.6% | 6.8% | 8.5% | 13.1% | 11.3% | 9.6% | 8.4% | 9.3% | 12.4% | 6.8% | 5.4% | 9.0% |
| Net margin | 5.1% | 3.4% | 4.9% | 13.3% | 8.4% | 7.8% | 8.4% | 7.9% | 7.8% | 2.0% | −2.2% | 1.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VTOL's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VTOL financial results
In fiscal year 2025 (ended December 31, 2025), Bristow reported revenue of $1.5 billion, up 5.3% from the year before. It had net income of $129.1 million (up 36.2%), a net profit margin of 8.7%. Diluted earnings per share came to $4.06. Over five years revenue grew at an average rate of 5.5% a year.
See the VTOL stock overview for the latest quote and news, or the VTOL chart for price history and technical indicators.
VTOL income statement FAQ
What is Bristow's annual revenue?
Bristow reported total revenue of $1.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 5.3% from $1.4 billion the previous year.
Is Bristow profitable?
Yes. Bristow reported net income of $129.1 million in fiscal 2025, a net profit margin of 8.7%; its operating margin was 9.7%.
What is Bristow's gross margin?
Bristow's gross margin was 21.3% in fiscal 2025: for every $100 of revenue, Bristow kept $21 after the direct cost of its products and services.
How fast is Bristow growing?
Revenue grew 5.5% a year on average over the last five fiscal years, from $1.1 billion to $1.5 billion.
What are Bristow's earnings per share?
Bristow earned $4.06 per diluted share in fiscal 2025, compared with $3.68 a year earlier.
When will Bristow report its next earnings?
Bristow is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Bristow's fiscal year end?
Bristow's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.