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→Stable
- +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. Engine safety override at $46.53: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 6.0/10 and A.R:R 1.6:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality.
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. Engine safety override at $46.53: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 6.0/10 and A.R:R 1.6:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality. Chart setup: Golden cross, above all MAs, RSI 52, MACD bullish. Score 6.0/10, moderate confidence.
Passes 7/8 gates (positive momentum, favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity 81d clear, 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.
Show full overview
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 2026-08-15Recent 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 2026-08-15T11:22:36Z.
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.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
1 floor-breaker·1 ceiling hit
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $46.53: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 6.0/10 and A.R:R 1.6:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality. Chart setup: Golden cross, above all MAs, RSI 52, MACD bullish. Prior stop was $43.27. Score 6.0/10, moderate confidence.
Take-profit target: $54.68 (+17.5% upside). Prior stop was $43.27. Stop-loss: $43.27.
Concentration risk — Customer: top ten customers (63.0%); Concentration risk — Geographic: non-U.S. operations revenue (83.0%); Quality below floor (3.8 < 4.0).
Bristow Group, Inc. trades at a P/E of 13.2 (forward 8.8). TrendMatrix value score: 8.7/10. Verdict: Sell.
10 analysts cover VTOL with a consensus score of 4.1/5. Average price target: $64.
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%.