NYSE$VTOL

Bristow Group Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Bristow Group reported Q4 2025 net income attributable to the company of $18.4 million ($0.61 per diluted share) on full-year revenue of $1.5 billion.

Bristow earned Q4 2025 net income attributable to the company of $18.4 million ($0.61 diluted EPS). Full-year 2025 revenue was $1.5 billion with net income of $129.1 million; adjusted EBITDA of $245.6 million was in line with the 2025 outlook midpoint. Operating cash flow was $198.4 million and adjusted free cash flow $186.7 million. The company refinanced senior notes at 6.75% due 2033 and declared a $0.125 quarterly dividend.

  • Q4 net income $18.4M ($0.61 EPS); full-year net income $129.1M.
  • Full-year adjusted EBITDA $245.6M in line with outlook; adj. FCF $186.7M.
  • Upsized $500M note refinancing at 6.75% extended maturity to 2033.
  • Quarterly dividend $0.125 per share declared.

Headline financials

Total Revenue

$375M

Previous: $354M+6.1%
EPS (adj)

$0.61

Previous: $1.07-43.0%
EBITDA

$50.5M

Previous: $44.6M+13.3%
Adjusted EBITDA

$60.1M

Previous: $57.8M+4.0%
Adjusted Operating Income

$54.8M

Previous: $52.3M+4.8%
FY Adjusted EBITDA

$246M

Previous: $237M+3.7%
Adjusted Free Cash Flow

$71.8M

No prior period
Free Cash Flow

$187M

No prior period
Net Income

$18.4M

Previous: $31.8M-42.1%
Operating Income

$32.1M

Previous: $31.8M+0.9%

Revenue & EPS history

Bristow · Revenue · Quarterly

$375M

Q4 2025+6.1%vs Q4 2024
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

Bristow · $299M total across 2 segments · Q3 2023

  • Offshore Energy Services
    $213M
  • Government Services
    $85.5M+28.8%

Forward guidance

Bristow achieved its 2025 outlook and highlighted offshore energy and government services demand; investors should refer to the company’s 2026 outlook materials for updated EBITDA and capex targets.

Tailwinds

  • Strong full-year cash generation and balance-sheet refinancing.
  • Dividend reinstated at $0.125 quarterly.
  • Global helicopter services leverage energy and SAR markets.

Headwinds

  • Offshore oil & gas activity and day-rate cyclicality.
  • Q4 earnings seasonally variable vs full-year run rate.
  • Fuel, labor, and aircraft availability cost pressures.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+1.0%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.7%

Avg return

30 days after

60%

31 / 52 earnings

Positive

+20.7%

Q4 2015

Best reaction

-14.7%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%-14.1%-14.7%
Q4 2025+2.9%-2.5%-1.5%
Q3 2025-7.0%-8.1%-11.2%
Q1 2025-6.1%+2.3%+3.2%
Q4 2024+9.2%-4.8%-8.6%
Q3 2024+13.0%+13.0%+7.5%
Q2 2024+14.6%+14.6%+9.1%
Q1 2024+13.3%+19.5%+14.3%
Q4 2023-4.7%-6.2%-0.8%
Q3 2023+9.4%+9.2%+0.5%
Q2 2023+0.3%-0.9%-10.5%
Q1 2023-5.4%-0.2%+17.5%
Q4 2022-9.7%-8.5%-26.2%
Q3 2022-11.1%-10.1%+11.8%
Q2 2022+3.6%+4.0%-19.3%
Q1 2022-1.6%+2.2%+31.5%
Q4 2021-6.7%-3.4%-9.5%
Q3 2021+1.6%+7.2%+6.3%
Q2 2021+7.9%+5.1%+30.6%
Q1 2021+6.1%+6.2%+16.4%
Q1 2020-9.3%-19.9%-8.2%
Q4 2019-9.7%-28.0%-56.1%
Q3 2019+1.3%-1.0%-10.2%
Q2 2019+17.7%+21.8%+8.1%
Q1 2019+0.3%+3.3%-16.5%
Q4 2018+1.4%+5.3%+15.7%
Q3 2018+1.4%-4.2%-18.4%
Q2 2018-7.4%-10.2%-16.1%
Q1 2018-0.1%+4.5%+12.8%
Q4 2017+0.4%-0.5%-0.5%
Q3 2017+7.6%+0.3%-2.4%
Q2 2017+3.0%-2.0%+19.1%
Q1 2017-3.9%-5.3%-4.3%
Q4 2016-8.0%-7.3%+3.2%
Q3 2016-1.2%+6.0%+56.8%
Q2 2016+6.6%+8.8%-4.4%
Q1 2016-3.3%
Q4 2015+20.7%
Q3 2015-14.7%
Q2 2015+12.0%
Q1 2015-2.6%
Q4 2014-2.6%
Q3 2014+0.2%
Q4 2013+0.2%
Q2 2014+1.1%
Q1 2014+2.1%
Q3 2013+0.4%
Q3 2012+0.4%
Q2 2013-0.0%
Q1 2012+2.4%
Q1 2013+2.4%
Q4 2012+2.4%
Q2 2012

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