Bristow Group Inc.
Business
Bristow Group Inc. is a leading global provider of innovative and sustainable vertical flight solutions, delivering aviation services to offshore energy companies and government entities. The company offers personnel transportation, search and rescue (SAR), medevac, fixed wing transport, unmanned systems, ad‑hoc helicopter services, dry‑leasing and regional airline operations. Its business is organized into three operating segments: Offshore Energy Services, Government Services and Other Services. Bristow operates across Europe, the Americas, Africa, Asia and Australia through country-specific Air Operator Certificates, contracts, charters, leases and scheduled airline services.
Summary from filing dated 2025-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Total revenues | 1,491 | 1,415 | 1,297 | 1,210 | 1,185 | |
| Personnel | 379 | 341 | 324 | — | — | |
| Repairs and maintenance | 237 | 273 | 254 | — | — | |
| Insurance | 25 | 25 | 24 | — | — | |
| Fuel | 81 | 87 | 91 | — | — | |
| Leased-in equipment | 107 | 104 | 99 | — | — | |
| Other | 273 | 213 | 198 | — | — | |
| Total operating expenses | 1,102 | 1,042 | 990 | — | — | |
| General and administrative expenses | 174 | 176 | 182 | — | — | |
| Merger and integration costs | 0 | 0 | 2 | — | 3 | |
| Depreciation and amortization expense | 70 | 68 | 71 | — | 75 | |
| Total costs and expenses | 1,347 | 1,286 | 1,245 | 1,179 | 1,159 | |
| Gains (losses) on disposal of assets | 12 | −1 | 1 | −521,000 | 1 | |
| Earnings from unconsolidated affiliates | 3 | 4 | 7 | 1 | −2 | |
| Operating income | 159 | 133 | 61 | 26 | 1 | |
| Interest income | 9 | 9 | 9 | — | 161,000 | |
| Interest expense, net | −40 | −38 | −41 | — | — | |
| Other, net | 23 | −2 | −10 | — | 39 | |
| Total other income (expense), net | −8 | −31 | −43 | −6 | −6 | |
| Income before income taxes | 151 | 102 | 18 | — | −4 | |
| Income tax expense | −22 | −7 | −25 | −11 | −11 | |
| Net income (loss) | 129 | 95 | −7 | — | −16 | |
| Net loss (income) attributable to noncontrolling interests | −353,000 | −73,000 | 140,000 | 6,000 | −78,000 | |
| Net income (loss) attributable to Bristow Group Inc. | 129 | 95 | −7 | 9 | −16 | |
| Basic (in dollars per share) | 4.47 | 3.32 | −0.24 | 0.33 | −0.55 | |
| Diluted (in dollars per share) | 4.32 | 3.21 | −0.24 | 0.32 | −0.55 | |
| Basic (in shares) | 29 | 29 | 28 | 28 | 29 | |
| Diluted (in shares) | 30 | 30 | 28 | 28 | 29 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 286 | 248 | 180 | 160 | 264 | |
| Restricted cash | 7 | 4 | 3 | 4 | 2 | |
| Accounts receivable, net | 217 | 212 | 235 | 215 | 204 | |
| Inventories | 133 | 115 | 100 | 82 | 82 | |
| Prepaid expenses and other current assets | 51 | 42 | 45 | 32 | 28 | |
| Total current assets | 694 | 619 | 564 | 493 | 580 | |
| Property and equipment, net | 1,153 | 1,076 | 928 | 915 | 943 | |
| Investment in unconsolidated affiliates | 24 | 22 | 20 | 17 | 18 | |
| Right-of-use assets | 242 | 264 | 288 | 241 | 194 | |
| Other assets | 199 | 143 | 138 | 146 | 91 | |
| Total assets | 2,311 | 2,125 | 1,937 | 1,812 | 1,824 | |
| Accounts payable | 86 | 83 | 88 | 90 | 63 | |
| Accrued wages, benefits and related taxes | 69 | 54 | 53 | 45 | 53 | |
| Income taxes payable and other accrued taxes | 23 | 16 | 8 | — | — | |
| Deferred revenue | 22 | 15 | 20 | 14 | 15 | |
| Accrued maintenance and repairs | 29 | 31 | 25 | 20 | 38 | |
| Current portion of operating lease liabilities | 77 | 78 | 75 | 76 | 70 | |
| Accrued interest and other accrued liabilities | 31 | 29 | 28 | 22 | 21 | |
| Current maturities of long-term debt | 28 | 19 | 13 | 12 | 13 | |
| Total current liabilities | 365 | 326 | 310 | 286 | 288 | |
| Long-term debt, less current maturities | 644 | 671 | 535 | 500 | 513 | |
| Other liabilities and deferred credits | 32 | 9 | 12 | 5 | 5 | |
| Deferred taxes | 47 | 39 | 43 | 49 | 40 | |
| Long-term operating lease liabilities | 165 | 189 | 215 | 166 | 125 | |
| Total liabilities | 1,252 | 1,234 | 1,114 | 1,025 | 989 | |
| Commitments and contingencies (Note 9) | — | — | — | — | — | |
| Common stock, $0.01 par value, 110,000 authorized; 32,357 and 31,320 shares issued, respectively, and 29,177 and 28,628 outstanding as of December 31, 2025 and 2024, respectively | 325,000 | 315,000 | 311,000 | — | — | |
| Additional paid-in capital | 763 | 742 | 726 | 709 | 699 | |
| Retained earnings | 442 | 313 | 218 | 225 | 211 | |
| Treasury stock, at cost; 3,180 and 2,692 shares as of December 31, 2025 and 2024, respectively | −87 | −70 | −66 | −63 | −52 | |
| Accumulated other comprehensive loss | −58 | −94 | −55 | −84 | −23 | |
| Total Bristow Group Inc. stockholders equity | 1,060 | 892 | 824 | 787 | 836 | |
| Noncontrolling interests | −82,000 | −435,000 | −508,000 | −368,000 | −447,000 | |
| Total stockholders equity | 1,060 | 891 | 823 | 787 | 835 | |
| Total liabilities and stockholders equity | 2,311 | 2,125 | 1,937 | 1,812 | 1,824 | |
| Common stock, shares outstanding (in shares) | 29 | 29 | 28 | 28 | 28 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization expense | 82 | 83 | 86 | — | 87 | |
| Earnings from unconsolidated affiliates, net of dividends received | −1 | −4 | −7 | — | 2 | |
| Deferred income taxes | −10 | −20 | 669,000 | — | −2 | |
| Share-based compensation expense | 17 | 16 | 16 | — | 12 | |
| Amortization of deferred financing fees | 5 | 3 | 3 | — | 1 | |
| Amortization of deferred contract costs | 11 | 4 | 0 | — | — | |
| Discount amortization on long-term debt | 0 | 0 | 473,000 | — | 8 | |
| Accounts receivable | 8 | 9 | −27 | — | 11 | |
| Inventory, prepaid expenses, and other assets | −100 | −45 | −40 | — | 16 | |
| Accounts payable, accrued expenses and other liabilities | 69 | 35 | 8 | — | −21 | |
| Net cash provided by operating activities | 198 | 177 | 32 | −8 | 124 | |
| Capital expenditures | −142 | −255 | −82 | — | −31 | |
| Proceeds from asset dispositions | 55 | 9 | 34 | — | 15 | |
| Net cash used in investing activities | −87 | −246 | −47 | −52 | −17 | |
| Proceeds from borrowings | 6 | 165 | 170 | — | 0 | |
| Debt issuance costs | −238,000 | −5 | −3 | — | −3 | |
| Repayment of debt | −58 | −15 | −142 | — | −19 | |
| Exercise of stock options | 1 | 507,000 | 0 | — | — | |
| Purchase of treasury shares | −15 | −4 | −3 | — | −41 | |
| Net cash provided by (used in) financing activities | −66 | 141 | 22 | −25 | −63 | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | −3 | −5 | 13 | −29 | −8 | |
| Net increase in cash, cash equivalents and restricted cash | 42 | 68 | 20 | −114 | 35 | |
| Interest | 47 | 43 | 39 | — | 32 | |
| Income taxes, net | 27 | 21 | 19 | — | 12 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Bristow Group Inc.'s CIK number?
Bristow Group Inc.'s SEC CIK number is 0001525221 (1525221). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Bristow Group Inc.'s SEC filings?
All of Bristow Group Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Bristow Group Inc. last report earnings?
Bristow Group Inc. (VTOL) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001525221-26-000081). This is Bristow Group Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Bristow Group Inc.'s most recent earnings 8-K?
Bristow Group Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001525221-26-000081. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Bristow Group Inc.'s latest earnings 8-K →
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