Filing Flows › Bristow Group (VTOL) › Q2 2025
Bristow Group (VTOL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Bristow Group (VTOL) reported revenue of $376M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +7% from the quarter before. Operating margin was 11.3%, net earnings $31.8M (8.4% of revenue).
Bristow Group, Q2 2025: revenue $376M (+5% year over year), operating margin 11.3%, net earnings $31.8M, operating cash flow $99.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $376M | +7% | +5% |
| Operating profit | $42.6M | +27% | -5% |
| Net earnings | $31.8M | +16% | +13% |
| Operating cash flow | $99.0M | — | +194% |
| Free cash flow | $67.4M | — | — |
What changed
Revenue was $376.4M in Q2 2025, up 5% year over year and up 7% from the previous quarter. Offshore Energy Services was the largest line at 67% of revenue. Government Services added $12.9M year over year (up 16%), 77% of the total change.
Operating profit was $42.6M, a 11.3% margin (down 1.1 points year over year). Operating profit fell $2.1M even though revenue rose $16.7M versus a year earlier, so costs grew faster than sales. Total costs grew 6% against revenue growth of 5%. Net earnings were $31.7M, up 13% year over year. The effective tax rate was 39.1%.
Operating cash flow was $99.0M (up 194% year over year), 312% of net earnings. Non-cash charges added back $20.9M of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items added $41.6M. Capital expenditures of $31.6M left free cash flow of $67.4M.
Questions
What was Bristow Group's revenue in the second quarter 2025?
Bristow Group (VTOL) reported revenue of $376M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +7% from the quarter before.
Was Bristow Group profitable in the second quarter 2025?
Operating profit was $42.6M (11.3% of revenue) and net earnings $31.8M.
Source: Bristow Group 10-Q on SEC EDGAR.