Bristow Group Inc.
VTOL Energy Oil & Gas Equipment & Services
In the quarter to June 2026, revenue grew 9.38%, EPS fell 35.5%, free cash flow fell 123.1% and total debt rose 5.71%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
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Bristow Group Inc. (VTOL) Piotroski F-score
Bristow Group Inc.'s Piotroski F-score for fiscal 2025 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, up from 4 in fiscal 2022.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 6 | 2.00 |
| FY2022 | 4 | (4.00) |
| FY2018 | 8 | 4.00 |
| FY2017 | 4 | 0.00 |
| FY2016 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 5.82% | 4.67% | Pass | 1 |
| Positive operating cash flow | 198.41m | 177.42m | Pass | 1 |
| Rising return on assets | 5.82% | 4.67% | Pass | 1 |
| Cash flow above net income | 69.33m | 82.62m | Pass | 1 |
| Falling long-term leverage | 0.29 | 0.33 | Pass | 1 |
| Rising current ratio | 1.90 | 1.90 | Pass | 1 |
| No new shares issued | 28,864,000 | 28,515,000 | Fail | 0 |
| Rising gross margin | 26.05% | 26.38% | Fail | 0 |
| Rising asset turnover | 0.67 | 0.70 | Fail | 0 |
| Piotroski F-score | Mixed | 6 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| FET Forum Energy Technologies, Inc. compare | 6 |
| HOS Hornbeck Offshore Services Inc compare | 6 |
| VTOL Bristow Group Inc. | 6 |
| FTK Flotek Industries, Inc. compare | 5 |
| PUMP ProPetro Holding Corp. compare | 5 |
| AESI Atlas Energy Solutions Inc. compare | 4 |
| RES RPC, Inc. compare | 4 |
| NEXT NextDecade Corporation compare | — |
| FLOC Flowco Holdings Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover