Filing Flows › Bristow Group (VTOL) › Q1 2025
Bristow Group (VTOL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Bristow Group (VTOL) reported revenue of $351M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -0.8% from the quarter before. Operating margin was 9.6%, net earnings $27.4M (7.8% of revenue).
Bristow Group, Q1 2025: revenue $351M (+4% year over year), operating margin 9.6%, net earnings $27.4M, operating cash flow −$603K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $351M | -0.8% | +4% |
| Operating profit | $33.5M | +5% | +47% |
| Net earnings | $27.4M | -14% | +313% |
| Operating cash flow | −$603K | — | — |
What changed
Revenue was $350.5M in Q1 2025, up 4% year over year and down 1% from the previous quarter. Offshore energy services was the largest line at 68% of revenue. Offshore energy services added $9.9M year over year (up 4%), 74% of the total change. Other services declined 1%.
Operating profit was $33.5M, a 9.6% margin (up 2.8 points year over year). Of the extra revenue versus a year earlier, 80% reached operating profit, above the 7% margin then. Total costs grew 1% against revenue growth of 4%. Net earnings were $27.4M, up 314% year over year. The effective tax rate was 27.1%.
Operating cash flow was −$603K. Non-cash charges added back $20.2M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items used $51.8M. Capital expenditures of $52.1M exceeded it, leaving free cash flow of −$52.7M.
Questions
What was Bristow Group's revenue in the first quarter 2025?
Bristow Group (VTOL) reported revenue of $351M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -0.8% from the quarter before.
Was Bristow Group profitable in the first quarter 2025?
Operating profit was $33.5M (9.6% of revenue) and net earnings $27.4M.
Source: Bristow Group 10-Q on SEC EDGAR.