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Friday 6 November 2026
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Bridger Aerospace Group Holdings, Inc.
BAER Industrials Security & Protection Services
Bridger Aerospace Group Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $122.8 million, up 24.6% from fiscal 2024.
- Revenue
- −0.84%
- EPS
- −8.33%
- Free cash flow
- −9,846.9%
- Total debt
- +15.9%
Quarter to June 2026, against a year earlier
0.18
0.02
−10.00%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 39 | 46 | 67 | 99 | 123 | 115 | +32.9% | 136 | 157 | — | +12.9% | |
| Gross margin, % | — | — | — | — | — | 32.51 | 26.95 | 38.03 | 41.72 | 42.08 | 38.10 | +9.6 pt | ||||||
| EBT | — | — | — | — | 0 | (7) | (42) | (78) | (16) | 4 | (13) | n/m | ||||||
| EBT margin, % | — | — | — | — | 0.00 | (16.61) | (90.81) | (116.42) | (16.56) | 3.20 | (11.31) | +3.2 pt | ||||||
| Net income | — | 0 | — | — | 0 | (7) | (42) | (77) | (16) | 4 | (12) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.00 | 0.98 | 1.15 | 1.47 | 1.95 | 2.26 | 2.05 | n/m | |||||
| Earnings | — | — | — | — | 0.00 | (0.56) | (8.15) | (1.71) | (0.81) | (0.42) | (0.72) | +185.9% | ||||||
| Cash flow | — | — | — | — | 0.00 | 0.15 | (0.25) | (0.59) | 0.19 | 0.31 | (0.07) | n/m | ||||||
| Capex | — | — | — | — | 0.00 | (0.56) | (0.63) | (0.45) | (0.09) | (1.50) | (1.53) | n/m | ||||||
| Free cash flow | — | — | — | — | 0.00 | (0.41) | (0.87) | (1.04) | 0.09 | (1.19) | (1.60) | n/m | ||||||
| Book value | — | — | — | — | 0.00 | 1.54 | 1.87 | 0.59 | 1.06 | 1.19 | 0.61 | +304.5% | ||||||
| Shares, m | — | — | — | — | 8 | 40 | 40 | 45 | 51 | 54 | 55 | +48.6% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | 0.00 | 8.78 | 4.59 | 1.09 | 0.81 | 0.10 | 3.1 | ||||||
| P/B | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/Sales | — | — | — | — | — | 0.00 | 11.16 | 7.12 | 2.63 | 2.29 | 2.08 | 4.6 | ||||||
| EV/FCF | — | — | — | — | — | 72.18 | (14.70) | (10.10) | 54.40 | (4.36) | (2.65) | 19.5 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 0 | 6 | (10) | (27) | 9 | 17 | (4) | n/m | |||||
| Capex | — | — | — | — | — | (23) | (25) | (20) | (5) | (81) | (87) | +37.8% | ||||||
| Free cash flow | — | — | — | — | 0 | (17) | (35) | (47) | 5 | (65) | (90) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 0 | (51) | 83 | 20 | 40 | 24 | 14 | n/m | |||||
| Net debt | — | — | — | — | 0 | 43 | 110 | 169 | 152 | 182 | 229 | +280.5% | ||||||
| Shareholders’ equity | — | — | — | — | 0 | 62 | 75 | 27 | 53 | 65 | 34 | +498.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | (6.90) | (22.96) | (131.90) | 2.94 | (14.50) | (7.39) | (13.41) | (0.5) pt | |||||
| ROIC | — | — | — | — | (4.39) | 0.95 | (7.61) | (18.36) | 1.62 | 3.90 | 0.18 | +8.3 pt | ||||||
| ROE | — | — | — | — | (0.01) | 52.96 | 132.61 | (2.30) | 12.50 | 6.85 | 10.96 | +6.9 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | 166 | 148 | 191 | 235 | — | +12.3% | |||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.28 | 0.45 | 0.52 | 0.52 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Bridger Aerospace Group Holdings, Inc. vs peers in Security & Protection Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SPCB SuperCom, Ltd. | $52.1M | 57.8× | 41.9× | +13.28% (above 0%: growing) | −20.00% (below 0%: shrinking) | −109.90% (below 0%: shrinking) | 60.37% | 10.61% | Compare |
| CIGL Concorde International Group Ltd. | $44.5M | — | — | — | — | −980.96% (below 0%: shrinking) | — | — | Compare |
| SNT Senstar Technologies Ltd. | $30.3M | 95.6× | — | +8.21% (above 0%: growing) | −70.00% (below 0%: shrinking) | +251.01% (above 0%: growing) | 64.20% | 3.29% | Compare |
| BAER Bridger Aerospace Group Holdings, Inc. | $12.0M | — (loss-making) | — (loss-making) | −0.84% (below 0%: shrinking) | n/m | −9,846.91% (below 0%: shrinking) | 37.13% | 19.72% | |
| KSCP Knightscope, Inc. | $9.8M | — (loss-making) | — (loss-making) | +228.26% (above 0%: growing) | n/m | −107.72% (below 0%: shrinking) | 7.36% | (145.09%) | Compare |
| DETX Liberty Defense Holdings Ltd. | $7.3M | — | — | — | n/m | — | 2.29% | (279.56%) | Compare |
| GFAI Guardforce AI Co., Limited | $5.5M | — (loss-making) | — (loss-making) | +0.05% (above 0%: growing) | n/m | +51.02% (above 0%: growing) | 6.64% | 0.00% | Compare |
| BKYI BIO-key International Inc. | $4.8M | — (loss-making) | — (loss-making) | +13.15% (above 0%: growing) | n/m | +4.04% (above 0%: growing) | 87.19% | (27.57%) | Compare |
| SUGP SU Group Holdings Limited | $3.9M | — | — | — | — | — | — | — | Compare |
| Median of peers | $8.6M | — | — | +13.15% | — | −51.84% | 33.87% | (13.78%) |
Pay and ownership Proxy statement filed 28 April 2026
Ownership
Directors and executive officers, together
16.36%
JPMorgan Chase Funding Inc.
29.62%
Blackstone
16.70%
First Manhattan Co. LLC
10.00%
Barings LLC
9.41%
Jeffrey E. Kelter
7.57%
Robert F. Savage
6.15%
Avenue Capital
6.15%
LMR Partners LLP
5.05%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement