Latest Ratios: P/E Ratio 9.6x · EV/EBITDA 8.5x · ROE 13.2%. (2009–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $1.1B | $1.0B | $795M | $775M | $904M | $834M | $1.0B | $937M | $1.1B | $1.8B |
| Enterprise Value | $1.8B | $1.7B | $1.7B | $1.5B | $1.4B | $1.4B | $1.4B | $1.7B | $921M | $1.3B | $2.0B |
| P/E Ratio → | 9.59 | 8.48 | 10.69 | — | 84.78 | — | 11.34 | — | — | — | — |
| P/S Ratio | 0.81 | 0.74 | 0.72 | 0.61 | 0.65 | 0.76 | 0.73 | 0.86 | 0.72 | 0.83 | 1.34 |
| P/B Ratio | 1.17 | 1.04 | 1.14 | 0.97 | 0.99 | 1.08 | 0.93 | 2.39 | 2.01 | 2.53 | 3.77 |
| P/FCF | 21.53 | 19.54 | — | — | — | 9.74 | 10.17 | 48.50 | — | 342.17 | 92.42 |
| P/OCF | 6.10 | 5.54 | 5.71 | 24.83 | — | 7.30 | 8.61 | 36.96 | — | 56.63 | 30.50 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.15 | 1.22 | 1.12 | 1.14 | 1.15 | 1.22 | 1.42 | 0.70 | 0.97 | 1.49 |
| EV / EBITDA | 8.54 | 8.02 | 8.58 | 11.07 | 14.28 | 15.39 | — | 61.81 | — | — | 107.67 |
| EV / EBIT | 12.71 | 11.93 | 11.73 | 20.60 | 28.99 | 36.68 | 20.34 | — | — | — | — |
| EV / FCF | — | 30.57 | — | — | — | 14.67 | 17.01 | 80.44 | — | 399.69 | 103.06 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.3% | 21.3% | 28.1% | 25.5% | 23.3% | 16.2% | 25.3% | 21.0% | 17.4% | 18.6% | 17.5% |
| Operating Margin | 9.7% | 9.7% | 9.4% | 4.7% | 2.2% | 0.1% | -9.0% | -7.3% | -16.6% | -10.8% | -6.7% |
| Net Profit Margin | 8.7% | 8.7% | 6.7% | -0.5% | 0.8% | -1.3% | -4.9% | -58.6% | -25.8% | -14.2% | -12.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.2% | 13.2% | 11.1% | -0.8% | 1.1% | -1.8% | -8.5% | -156.2% | -73.5% | -42.2% | -35.7% |
| ROA | 5.8% | 5.8% | 4.7% | -0.4% | 0.5% | -0.8% | -2.8% | -30.3% | -19.6% | -22.3% | -17.3% |
| ROIC | 6.6% | 6.6% | 6.5% | 3.2% | 1.5% | 0.1% | -6.0% | -8.5% | -29.9% | -16.8% | -9.6% |
| ROCE | 7.7% | 7.7% | 7.7% | 3.9% | 1.7% | 0.1% | -6.2% | -4.1% | -12.8% | -17.5% | -9.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.86 | 0.86 | 1.07 | 1.02 | 0.96 | 0.86 | 0.88 | 2.03 | 0.35 | 0.46 | 0.49 |
| Debt / EBITDA | 4.26 | 4.26 | 4.76 | 6.38 | 7.89 | 8.15 | — | 31.74 | — | — | 12.57 |
| Net Debt / Equity | — | 0.58 | 0.80 | 0.80 | 0.75 | 0.55 | 0.62 | 1.57 | -0.03 | 0.43 | 0.43 |
| Net Debt / EBITDA | 2.89 | 2.89 | 3.53 | 5.01 | 6.17 | 5.17 | — | 24.54 | — | — | 11.11 |
| Debt / FCF | — | 11.03 | — | — | — | 4.93 | 6.84 | 31.94 | — | 57.52 | 10.64 |
| Interest Coverage | 3.60 | 3.60 | 3.91 | 1.70 | 1.15 | 0.89 | 1.34 | — | -0.71 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.90 | 1.90 | 1.90 | 1.82 | 1.73 | 2.02 | 1.92 | 1.76 | 19.63 | 2.54 | 3.76 |
| Quick Ratio | 1.54 | 1.54 | 1.55 | 1.50 | 1.44 | 1.73 | 1.62 | 1.48 | 15.42 | 1.89 | 2.77 |
| Cash Ratio | 0.80 | 0.80 | 0.76 | 0.58 | 0.57 | 0.92 | 0.75 | 0.66 | 6.18 | 0.42 | 1.05 |
| Asset Turnover | — | 0.64 | 0.67 | 0.67 | 0.66 | 0.65 | 0.57 | 0.61 | 0.49 | 1.73 | 1.40 |
| Inventory Turnover | 8.83 | 8.83 | 8.88 | 9.68 | 11.23 | 12.16 | 9.23 | 11.41 | 8.90 | 52.93 | 43.33 |
| Days Sales Outstanding | — | 53.16 | 54.56 | 66.00 | 65.54 | 62.75 | 69.10 | 55.39 | 11.90 | 11.54 | 10.56 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | 0.2% | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.4% | 11.8% | 9.4% | — | 1.2% | — | 8.8% | — | — | — | — |
| FCF Yield | 4.6% | 5.1% | — | — | — | 10.3% | 9.8% | 2.1% | — | 0.3% | 1.1% |
| Buyback Yield | 1.3% | 1.4% | 0.4% | 0.3% | 1.5% | 4.6% | 1.8% | 0.8% | 0.2% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.3% | 1.4% | 0.4% | 0.3% | 1.5% | 4.6% | 1.8% | 0.8% | 0.5% | 0.0% | 0.0% |
| Shares Outstanding | — | $30M | $30M | $28M | $29M | $29M | $32M | $33M | $36M | $35M | $35M |
Capital Intensive Asset Maintenance
Based on current market data, VTOL trades at a P/E of 9.70 and an EV/EBITDA of 8.61, suggesting that investors are pricing the company more as a capital-intensive asset play rather than a high-growth service provider, likely due to the inherent cyclicality of offshore energy markets.
The forward P/E of 11.00 indicates that the market anticipates a modest earnings expansion, yet the PEG ratio of 0.73 suggests the stock may be undervalued if the company successfully executes its SAR contract strategy. Investors should monitor whether this valuation gap persists as the company continues to deleverage and improve its return on invested capital.
As reported in quarterly financial statements, VTOL's ROIC has struggled to consistently exceed 2.2% over the last ten quarters, indicating that the company is currently failing to generate returns that meaningfully surpass its cost of capital, despite recent efforts to optimize the fleet and reduce debt.
The persistent low ROIC suggests that the high depreciation and maintenance costs associated with heavy-lift aircraft act as a structural drag on capital efficiency. Unless management can significantly improve asset utilization or secure higher-margin government contracts, the company may continue to face challenges in creating long-term shareholder value through organic growth.
According to recent filings, the company's cash conversion cycle has shown significant volatility, peaking at 276 days in 2026Q1, which highlights the difficulty in managing working capital given the lumpy nature of heavy maintenance cycles and the extended payment terms inherent in large-scale offshore energy contracts.
The sharp increase in the CCC during the most recent quarter warrants further investigation, as it may indicate an accumulation of inventory or delays in receivables collection. Efficient management of these working capital components is essential for VTOL to stabilize its free cash flow and reduce reliance on external financing.
Based on the latest balance sheet data, VTOL maintains a current ratio of 2.15, which provides a robust liquidity cushion that appears sufficient to navigate the inherent volatility of the offshore aviation sector and the significant cash outflows required for periodic heavy maintenance visits on its fleet.
The quick ratio of 1.79 further confirms that the company is not overly dependent on inventory liquidation to meet its short-term obligations. This liquidity position is a critical defensive feature that allows the firm to maintain operations during cyclical downturns in the oil and gas industry.
The P/E ratio is frequently misapplied to VTOL because it fails to account for the massive non-cash depreciation charges associated with its heavy-lift aircraft fleet, which significantly distort reported net income and obscure the company's true underlying cash-generating capacity from its core aviation service operations.
Investors should instead focus on EV/EBITDA or P/FCF, as these metrics better capture the cash-flow reality of a capital-intensive business model. Relying solely on P/E may lead to an inaccurate assessment of the company's valuation, as it ignores the substantial capital expenditures required to maintain the fleet's airworthiness.
Includes 30+ ratios · 17 years · Updated daily
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Quick answers to the most common questions about buying VTOL stock.
Bristow Group Inc.'s current P/E ratio is 9.6x. The historical average is 49.3x. This places it at the 17th percentile of its historical range.
Bristow Group Inc.'s current EV/EBITDA is 8.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.1x.
Bristow Group Inc.'s return on equity (ROE) is 13.2%. The historical average is -15.1%.
Based on historical data, Bristow Group Inc. is trading at a P/E of 9.6x. This is at the 17th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Bristow Group Inc. has 21.3% gross margin and 9.7% operating margin.
Bristow Group Inc.'s Debt/EBITDA ratio is 4.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.