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Bristow Group Inc

Bristow Group Inc

VTOL
$44.17USD↓-0.41%-0.18 today

MARKET CAP

1.3B

P/E (TTM)

10.2x

FWD P/E

8.5x

DAY RANGE

$44 – $45

52W RANGE

$33
$50

AI Summary

Stalk
Buy NowMedium

VTOL remains in a Stage 2 advancing trend, supported by active Lockout Rally and Higher Highs & Higher Lows patterns, with price holding above rising 9/21 EMAs. Despite an overbought context, Lockout Rally dynamics and increasing volume favor continuation participation. A shallow pullback toward the 9/20 EMA zone would be ideal, but current Lockout Rally override permits Buy Now. Failure to maintain short-term EMAs would risk deeper pullbacks.

  • ↑2026 revenue guidance at $1.6–1.7 B; adjusted EBITDA expected +25% YoY from government services
  • ↑Q1 2026 revenue $265.7 M (+$11.4 M seq); government services revenue $63.2 M (+$7.8 M)
  • ↓Supply chain constraints and subcontractor reliance could hinder aircraft availability and revenue
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Bristow Group Inc. (NYSE: VTOL) is a leading provider of vertical flight solutions primarily serving the offshore energy sector and government agencies. The company operates a vast fleet of helicopters and provides extensive transportation and logistics services, specifically in oil and gas, search and rescue, and government services. It capitalizes on ongoing global trends, including increasing defense spending and energy security concerns, positioning itself as an essential player in the evolving aviation and energy landscape.

Bull says

  • ↑2026 revenue guidance at $1.6–1.7 B; adjusted EBITDA expected +25% YoY from government services
  • ↑Q1 2026 revenue $265.7 M (+$11.4 M seq); government services revenue $63.2 M (+$7.8 M)
  • ↑Strong oil-price sensitivity enhances offshore margins amid rising energy prices
  • ↑Zero air accidents in Q1 2026 underscores operational safety credentials
  • ↑High institutional backing with elevated 13F ownership signals investor confidence
  • ↑Government services expansion could nearly double segment operating income by 2026

Bear says

  • ↓Supply chain constraints and subcontractor reliance could hinder aircraft availability and revenue
  • ↓High repairs and maintenance costs weighed on Q1 adjusted EBITDA margins
  • ↓Q1 2026 cash outflow of $8.3 M tightens liquidity amid timing issues
  • ↓Negative analyst revisions outlook raises risk of downward earnings adjustments
  • ↓Weak balance sheet quality (negative QS score) may amplify market downturn losses
  • ↓Negative size factors and moderate volatility could limit market-share growth

Investment themes with VTOL

Oil & Gas Equipment & Services↑ +0.33%

Equipment supply and services for oilfield operations

SLB · BKR · HAL

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-09-2026neutral

Transcript signals

Bull points

  • Bristow's first quarter financial results place us on track for what is expected to be a transformational year for the company.
  • While geopolitical conflicts and tensions have driven turbulent and concerning global conditions thus far in 2026, these macro developments underscore the conviction we have in the outlook for Bristow's business.
  • we believe RISO is favorably positioned to benefit from three global megatrends, namely increased defense spending, the importance of energy security, and the electrification of transportation.

Bear points

  • 0.9 million lower in Q1 mainly due to higher repairs and maintenance costs and leased in equipment costs across our segment.
  • Adjusted operating income was $0.7 million lower, primarily due to higher operating expenses of $5.6 million and lower earnings from unconsolidated affiliates of $1.8 million, offsetting the higher revenues.
  • $6.4 million related to S-76B medium helicopters used in our OES segment, as it finalizes plans to return this model and transition to newer models as part of Bristow's ongoing fleet management efforts to better meet customer needs.
Read full transcript analysis ›