Bristow Group is an offshore helicopter services company with attractive valuation at a forward P/E of 8.2x and PEG of 0.22, generating 22% analyst upside to $52.70 with a favorable asymmetry ratio of 3.88, but recent negative news flow has downgraded the recommendation by one notch and two consecutive earnings misses highlight execution uncertainty.
Thesis pillars
- Deep Value Forward Pe→Stable
- Analyst Upside Favorable Asymmetry→Stable
- Earnings Beat Miss Volatility↑Improving
- +1 more pillar — see the Why tab for full reasoning
Bristow Group, Inc. (VTOL) Stock Analysis
Breakout setup · Inst Constrain edge
Energy · Oil & Gas Equipment & Services
Sell if holding. Multiple concerning factors at $44.24: Concentration risk — Customer: top ten customers (63.0%); Concentration risk — Geographic: non-U.S. operations revenue (83.0%).
Bristow Group provides helicopter aviation services — offshore personnel transport, search-and-rescue, and medevac — to energy companies and government agencies across 15 countries, plus fixed-wing charter through Australia's Airnorth. In 2025, Offshore Energy Services generated... Read more
Sell if holding. Multiple concerning factors at $44.24: Concentration risk — Customer: top ten customers (63.0%); Concentration risk — Geographic: non-U.S. operations revenue (83.0%). Chart setup: Golden cross, above all MAs, RSI 49, MACD bullish. Score 6.2/10, moderate confidence.
Passes 6/7 gates (positive momentum, favorable risk/reward ratio, clean insider activity, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Suitability: aggressive.
About Bristow Group, Inc.
About Bristow Group, Inc.
Bristow Group generated 66% of its 2025 revenue from Offshore Energy Services, 26% from Government Services, and 8% from Other Services, operating a fleet of 214 aircraft — including 87 heavy and 69 medium helicopters — across 15 countries. Non-U.S. operations accounted for 83% of consolidated revenue, and the company's top ten customers represented approximately 63% of total revenue in 2025.
Bristow earns revenue through master service and subscription agreements with offshore energy operators — generally a fixed monthly fee plus per-flight-hour charges, running from one month to 10 years — alongside long-duration government search-and-rescue contracts such as the UK's 10-year UKSAR2G award and Ireland's 10-year Irish Coast Guard contract, both of which the company describes as offering stable, high-credit-quality cash flows relative to offshore energy work. The Offshore Energy segment leans on production-support flying, which the 10-K characterizes as less cyclical than drilling-related work, while Other Services adds diversification through Airnorth, a regional Australian fixed-wing carrier, and dry-lease arrangements with third-party helicopter operators. Approximately 60% of Bristow's employees were covered by union or collective bargaining agreements as of December 31, 2025, several of which are up for renegotiation in 2026.
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A distinct exposure sits in Bristow's Nigeria operations, which the 10-K flags separately from its broader 83% non-U.S. revenue base: Nigeria contributed 13% of consolidated revenue in 2025, and the filing cites recent political and social unrest there alongside local-content rules that can penalize Bristow's customers for failing to use sufficiently Nigerian-sourced service providers. That geographic exposure compounds a fleet-level dependency — the S92 heavy helicopter, roughly 29% of Bristow's total fleet, has experienced parts delivery delays serious enough to ground multiple aircraft and force purchases from alternative sources.
See also: Energy · Oil & Gas Equipment & Services
From Bristow Group, Inc.'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-08-06Recent Developments — Bristow Group, Inc.
Latest news
- NEWS Bristow Group (NYSE:VTOL) Sets Up A Key Results Update - Kalkine Media — Kalkine Media neutral
- NEWS Bristow Group (NYSE:VTOL) Sets Up A Key Results Update - kalkinemedia.com — kalkinemedia.com positive
- NEWS Bristow Group Inc (VTOL) Technical Analysis: Support, Resistance, Indicators & Moving Averages - TradingKey — TradingKey neutral
- NEWS Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Holdings in Bristow Group Inc. $VTOL - MarketBeat — MarketBeat positive
- NEWS Sage Rhino Capital LLC Acquires New Stake in Bristow Group Inc. $VTOL - MarketBeat — MarketBeat positive
Generated 2026-08-06T02:55:06Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomertop ten customers63%10-K Item 1: 'our top ten customers accounted for approximately 63% of revenues'
- MEDIUMCustomerthree largest customers36%10-K Item 1: 'the combined revenues from our three largest customers accounted for 36% of our revenues'
- HIGHGeographicnon-U.S. operations revenue83%10-K Item 1A: 'Our non-U.S. operations accounted for approximately 83% and 83% of our consolidated revenues in the year ended December 31, 2025 and 2024, respectively.'
- LOWGeographicNigeria13%10-K Item 1A: 'political and social unrest in Nigeria, where we derived 13% and 12% of our revenues during the year ended December 31, 2025 and 2024, respectively'
Material Events(8-K, last 90d)
- 2026-06-03Item 5.02LOWStockholders approved Amendment No. 4 to the Bristow Group Inc. 2021 Equity Incentive Plan at the June 3, 2026 Annual Meeting; the amendment had already been approved by the Board. No director or officer departure or appointment disclosed.SEC filing →
- 2026-04-20Item 5.02MEDIUMChief Operating Officer, Government Services, Alan Corbett announced his planned retirement effective end of 2026. The company has begun a successor search, and Corbett will continue in his role to provide an orderly transition; retirement date and successor to be confirmed later.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 ceiling hit
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Multiple concerning factors at $44.24: Concentration risk — Customer: top ten customers (63.0%); Concentration risk — Geographic: non-U.S. operations revenue (83.0%). Chart setup: Golden cross, above all MAs, RSI 49, MACD bullish. Prior stop was $41.14. Score 6.2/10, moderate confidence.
Take-profit target: $52.70 (+19.1% upside). Prior stop was $41.14. Stop-loss: $41.14.
Concentration risk — Customer: top ten customers (63.0%); Concentration risk — Geographic: non-U.S. operations revenue (83.0%); Consecutive earnings misses (2).
Bristow Group, Inc. trades at a P/E of 11.9 (forward 9.1). TrendMatrix value score: 8.7/10. Verdict: Sell.
10 analysts cover VTOL with a consensus score of 4.1/5. Average price target: $62.
What does Bristow Group, Inc. do?Bristow Group provides helicopter aviation services — offshore personnel transport, search-and-rescue, and medevac — to...
Bristow Group provides helicopter aviation services — offshore personnel transport, search-and-rescue, and medevac — to energy companies and government agencies across 15 countries, plus fixed-wing charter through Australia's Airnorth. In 2025, Offshore Energy Services generated 66% of revenue, Government Services 26%, and Other Services 8%, with non-U.S. operations at 83% of revenue and the top ten customers representing about 63%.