Bristow Group Inc.
VTOL · Air Transportation, Nonscheduled · 29.6M shares · -6%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$14M (gross $3M, SBC $16M)
Reference price $45.47 · est. market cap ~$1.3B — last insider sale, 2026-03-24 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B72Leading global offshore/government vertical-flight operator with above-average returns and improving profitability.
Strengths
- ROA 79.6th pct, operating margin 72nd, net margin 69.8th, net income +36%
- Long-term government SAR contracts provide stable, high-margin cash flows
- ROE 12.2% (66th) with solid liquidity (current ratio 1.9)
Risks
- Concentrated OEM/lessor dependence; S92 parts shortages grounding aircraft
- Offshore-energy cyclicality and inherent aviation safety/accident risk
- Leverage above sector (D/E 66th pct) and modest 5% revenue growth
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~68% of revenue from one customer/distributor — During the year ended December 31, 2024, approximately 68%, 23% and 9% of our total revenues were derived from Offshore Energy Services, Government Services and Other Services, respectively
- Strong balance sheetStrong balance sheet — $286M cash & investments
- Buying back stockNet buyback — share count -6%/yr over 4y
- Insider sellingInsider selling — 16 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$7M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
10.7%
Net margin
8.7%
Return on equity
12.2%
Return on assets
5.6%
ROIC
7.4%
Revenue growth (QoQ)
3.0%
Net-income growth
36.2%
Debt / equity
0.6×
Net debt / EBITDA
1.6×
Current ratio
1.9×
EBITDA
$229M
Tangible book value
$1.0B
Cash & investments
$286M
Stock comp / revenue
1.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-03 | Mickelson George Mark | Grant | 3.6K | — |
| 2026-06-03 | Shah Shefali A | Grant | 3.6K | — |
| 2026-06-03 | Kern Wesley E. | Grant | 3.6K | — |
| 2026-06-03 | Brass Lorin L. | Grant | 3.6K | — |
| 2026-06-03 | MANZO ROBERT | Grant | 3.6K | — |
| 2026-06-03 | Miller Maryanne | Grant | 3.6K | — |
| 2026-06-03 | Truelove Brian D. | Grant | 3.6K | — |
| 2026-03-24 | Bradshaw Christopher Scott | Sell | 30K | $45.47 |
| 2026-03-23 | Brass Lorin L. | Sell | 1.0K | $45.00 |
| 2026-03-10 | Stavley Stuart | Tax withheld | 4.7K | $46.71 |
| 2026-03-10 | Stavley Stuart | Tax withheld | 6.4K | $46.71 |
| 2026-03-10 | Stavley Stuart | Tax withheld | 3.2K | $46.22 |
| 2026-03-10 | Bradshaw Christopher Scott | Tax withheld | 24K | $46.71 |
| 2026-03-10 | CORBETT ALAN | Tax withheld | 6.3K | $46.71 |
| 2026-03-10 | CORBETT ALAN | Tax withheld | 3.2K | $46.22 |
| 2026-03-10 | Bradshaw Christopher Scott | Tax withheld | 18K | $46.71 |
| 2026-03-10 | Bradshaw Christopher Scott | Tax withheld | 12K | $46.22 |
| 2026-03-10 | CORBETT ALAN | Tax withheld | 4.6K | $46.71 |
| 2026-03-10 | Whalen Jennifer Dawn | Tax withheld | 4.8K | $46.71 |
| 2026-03-10 | Whalen Jennifer Dawn | Tax withheld | 6.6K | $46.71 |
| 2026-03-10 | Whalen Jennifer Dawn | Tax withheld | 3.3K | $46.22 |
| 2026-03-08 | Stavley Stuart | Tax withheld | 1.6K | $44.60 |
| 2026-03-08 | Anderson Donna L | Tax withheld | 1.0K | $44.60 |
| 2026-03-08 | Whalen Jennifer Dawn | Tax withheld | 1.3K | $44.60 |
| 2026-03-08 | CORBETT ALAN | Tax withheld | 1.6K | $44.60 |
| 2026-03-08 | Bradshaw Christopher Scott | Tax withheld | 6.5K | $44.60 |
| 2026-03-04 | Miller Maryanne | Sell | 2.2K | $44.90 |
| 2026-03-03 | Anderson Donna L | Tax withheld | 960 | $45.55 |
| 2026-03-03 | Bradshaw Christopher Scott | Gift | 2.1K | — |
| 2026-03-03 | Whalen Jennifer Dawn | Tax withheld | 1.1K | $45.55 |
| 2026-03-03 | CORBETT ALAN | Tax withheld | 1.2K | $45.55 |
| 2026-03-03 | Stavley Stuart | Tax withheld | 1.2K | $45.55 |
| 2026-03-03 | Bradshaw Christopher Scott | Tax withheld | 4.9K | $45.55 |
| 2026-03-02 | Bradshaw Christopher Scott | Grant | 28K | — |
| 2026-03-02 | Anderson Donna L | Grant | 7.5K | — |
| 2026-03-02 | Whalen Jennifer Dawn | Grant | 9.6K | — |
| 2026-03-02 | Stavley Stuart | Grant | 6.2K | — |
| 2026-03-02 | CORBETT ALAN | Grant | 5.6K | — |
| 2026-03-02 | Whalen Jennifer Dawn | Option exercise | 12K | $24.54 |
| 2026-03-02 | Whalen Jennifer Dawn | Sell | 11K | $46.83 |
| 2026-03-02 | Whalen Jennifer Dawn | Sell | 300 | $47.98 |
| 2026-03-02 | Whalen Jennifer Dawn | Sell | 14K | $46.90 |
| 2026-03-02 | Whalen Jennifer Dawn | Sell | 500 | $47.83 |
| 2026-03-02 | Whalen Jennifer Dawn | Gift | 650 | — |
| 2026-02-27 | Bradshaw Christopher Scott | Sell | 68K | $47.51 |
| 2026-02-27 | Kern Wesley E. | Sell | 3.1K | $46.83 |
| 2026-02-27 | Brass Lorin L. | Sell | 3.2K | $49.04 |
| 2026-02-27 | Stavley Stuart | Option exercise | 10K | $15.76 |
| 2026-02-27 | Stavley Stuart | Sell | 4.8K | $46.46 |
| 2026-02-27 | Stavley Stuart | Sell | 4.7K | $47.20 |
| 2026-02-27 | Stavley Stuart | Sell | 500 | $48.32 |
| 2026-02-27 | Stavley Stuart | Sell | 5.6K | $46.52 |
| 2026-02-27 | Stavley Stuart | Sell | 7.1K | $47.22 |
| 2026-02-27 | Stavley Stuart | Sell | 2.2K | $48.14 |
| 2026-02-25 | Whalen Jennifer Dawn | Grant | 12K | $46.71 |
| 2026-02-25 | Bradshaw Christopher Scott | Grant | 45K | $46.71 |
| 2026-02-25 | Bradshaw Christopher Scott | Grant | 62K | $46.71 |
| 2026-02-25 | Whalen Jennifer Dawn | Grant | 17K | $46.71 |
| 2026-02-25 | Stavley Stuart | Grant | 16K | $46.71 |
| 2026-02-25 | Stavley Stuart | Grant | 11K | $46.71 |
| 2026-02-25 | CORBETT ALAN | Grant | 9.1K | $46.71 |
| 2026-02-25 | CORBETT ALAN | Grant | 13K | $46.71 |
| 2026-02-09 | Stavley Stuart | Tax withheld | 5.0K | $45.00 |
| 2025-11-26 | Brass Lorin L. | Sell | 2.5K | $38.00 |
| 2025-11-21 | Mickelson George Mark | Gift | 10K | — |
| 2025-11-17 | Mickelson George Mark | Sell | 4.0K | $38.45 |
| 2025-11-17 | Mickelson George Mark | Sell | 6.0K | $38.37 |
| 2025-11-14 | Solus Alternative Asset Management LP | Sell | 200K | $38.05 |
| 2025-11-14 | Brass Lorin L. | Sell | 1.2K | $38.76 |
| 2025-11-14 | Brass Lorin L. | Sell | 1.2K | $38.25 |
| 2025-11-11 | MANZO ROBERT | Sell | 6.0K | $38.75 |
| 2025-10-31 | CORBETT ALAN | Tax withheld | 13K | $40.70 |
| 2025-10-31 | CORBETT ALAN | Option exercise | 20K | $14.01 |
| 2025-10-31 | CORBETT ALAN | Tax withheld | 19K | $40.70 |
| 2025-08-13 | Miller Maryanne | Sell | 1.8K | $38.37 |
| 2025-08-11 | Brass Lorin L. | Sell | 5.2K | $37.47 |
| 2025-08-08 | Kern Wesley E. | Sell | 2.5K | $37.72 |
| 2025-08-07 | Bradshaw Christopher Scott | Sell | 8.6K | $38.17 |
| 2025-08-07 | Bradshaw Christopher Scott | Sell | 58K | $37.10 |
| 2025-08-07 | Bradshaw Christopher Scott | Sell | 10K | $38.38 |
| 2025-08-07 | Bradshaw Christopher Scott | Gift | 1.3K | — |
| 2025-08-07 | Stavley Stuart | Sell | 10K | $37.10 |
| 2025-08-07 | Whalen Jennifer Dawn | Sell | 5.0K | $37.55 |
| 2025-08-07 | MANZO ROBERT | Sell | 9.7K | $37.07 |
| 2025-08-07 | MANZO ROBERT | Sell | 300 | $38.35 |
| 2025-08-07 | Bradshaw Christopher Scott | Option exercise | 83K | $15.76 |
| 2025-08-07 | Bradshaw Christopher Scott | Sell | 75K | $37.06 |
| 2025-06-23 | Brass Lorin L. | Sell | 1.1K | $33.50 |
| 2025-06-23 | Bradshaw Christopher Scott | Gift | 612 | — |
| 2025-06-20 | Brass Lorin L. | Sell | 97 | $33.50 |
| 2025-06-12 | Solus Alternative Asset Management LP | Sell | 20K | $33.42 |
| 2025-06-12 | Solus Alternative Asset Management LP | Sell | 26K | $33.54 |
| 2025-06-04 | Truelove Brian D. | Grant | 5.1K | — |
| 2025-06-04 | Shah Shefali A | Grant | 5.1K | — |
| 2025-06-04 | Miller Maryanne | Grant | 5.1K | — |
| 2025-06-04 | Mickelson George Mark | Grant | 5.1K | — |
| 2025-06-04 | MANZO ROBERT | Grant | 5.1K | — |
| 2025-06-04 | Kern Wesley E. | Grant | 5.1K | — |
| 2025-06-04 | Brass Lorin L. | Grant | 5.1K | — |
| 2025-06-01 | Whalen Jennifer Dawn | Tax withheld | 1.5K | $29.26 |
| 2025-06-01 | Stavley Stuart | Tax withheld | 745 | $29.26 |
| 2025-06-01 | CORBETT ALAN | Tax withheld | 1.6K | $29.26 |
| 2025-06-01 | Bradshaw Christopher Scott | Tax withheld | 6.6K | $29.26 |
| 2025-05-15 | Whalen Jennifer Dawn | Grant | 5.6K | $29.97 |
| 2025-05-15 | Bradshaw Christopher Scott | Grant | 29K | $29.97 |
| 2025-05-15 | Bradshaw Christopher Scott | Disposition | 11K | $29.97 |
| 2025-05-15 | Bradshaw Christopher Scott | Grant | 25K | $29.97 |
| 2025-05-15 | Bradshaw Christopher Scott | Disposition | 9.9K | $29.97 |
| 2025-05-15 | CORBETT ALAN | Grant | 5.6K | $29.97 |
| 2025-05-15 | CORBETT ALAN | Disposition | 2.8K | $29.97 |
| 2025-05-15 | CORBETT ALAN | Grant | 4.9K | $29.97 |
| 2025-05-15 | CORBETT ALAN | Disposition | 2.5K | $29.97 |
| 2025-05-15 | Stavley Stuart | Grant | 5.2K | $29.97 |
| 2025-05-15 | Stavley Stuart | Disposition | 1.3K | $29.97 |
| 2025-05-15 | Stavley Stuart | Grant | 4.6K | $29.97 |
| 2025-05-15 | Stavley Stuart | Disposition | 1.1K | $29.97 |
| 2025-05-15 | Whalen Jennifer Dawn | Grant | 6.4K | $29.97 |
| 2025-05-15 | Whalen Jennifer Dawn | Disposition | 2.3K | $29.97 |
| 2025-05-15 | Whalen Jennifer Dawn | Disposition | 2.0K | $29.97 |
| 2025-03-24 | Solus Alternative Asset Management LP | Sell | 40K | $32.29 |
| 2025-03-20 | Solus Alternative Asset Management LP | Sell | 4.2K | $32.15 |
| 2025-03-19 | Solus Alternative Asset Management LP | Sell | 9.9K | $32.08 |
| 2025-03-19 | Miller Maryanne | Sell | 2.2K | $32.15 |
| 2025-03-12 | Solus Alternative Asset Management LP | Sell | 100 | $32.00 |
| 2025-03-10 | CORBETT ALAN | Tax withheld | 1.6K | $31.57 |
| 2025-03-10 | Stavley Stuart | Tax withheld | 946 | $31.57 |
| 2025-03-10 | Matthews Elizabeth | Tax withheld | 1.2K | $31.57 |
| 2025-03-10 | Whalen Jennifer Dawn | Tax withheld | 1.5K | $31.57 |
| 2025-03-10 | Bradshaw Christopher Scott | Tax withheld | 6.1K | $31.57 |
| 2025-03-08 | Whalen Jennifer Dawn | Tax withheld | 1.7K | $32.60 |
| 2025-03-08 | CORBETT ALAN | Tax withheld | 1.6K | $32.60 |
| 2025-03-08 | Stavley Stuart | Tax withheld | 920 | $32.60 |
| 2025-03-08 | Bradshaw Christopher Scott | Tax withheld | 6.5K | $32.60 |
| 2025-03-08 | Matthews Elizabeth | Tax withheld | 855 | $32.60 |
| 2025-03-08 | Anderson Donna L | Tax withheld | 1.2K | $32.60 |
| 2025-03-07 | Solus Alternative Asset Management LP | Sell | 12K | $32.71 |
| 2025-03-05 | Solus Alternative Asset Management LP | Sell | 8.3K | $32.71 |
| 2025-03-03 | Whalen Jennifer Dawn | Gift | 850 | — |
| 2025-03-03 | Stavley Stuart | Grant | 8.5K | — |
| 2025-03-03 | Matthews Elizabeth | Grant | 7.9K | — |
| 2025-03-03 | Bradshaw Christopher Scott | Grant | 37K | — |
| 2025-03-03 | CORBETT ALAN | Grant | 7.2K | — |
| 2025-03-03 | Anderson Donna L | Grant | 10K | — |
| 2025-03-03 | Whalen Jennifer Dawn | Grant | 13K | — |
| 2025-02-28 | Brass Lorin L. | Sell | 2.7K | $37.00 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-26 | Material agreementReg FDExhibits | filing ↗ |
| 2026-06-03 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-05-05 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-20 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-02-25 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-27 | Material agreementDebt obligationReg FDOtherExhibits | filing ↗ |
| 2026-01-13 | Reg FDExhibits | filing ↗ |
| 2025-11-04 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-26 | 2026-06-26 | 0001525221-26-000091 ↗ |
| 8-K | 2026-06-03 | 2026-06-03 | 0001525221-26-000086 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001525221-26-000082 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001525221-26-000081 ↗ |
| 8-K | 2026-04-20 | 2026-04-20 | 0001525221-26-000068 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001525221-26-000013 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001525221-26-000011 ↗ |
| 8-K | 2026-01-27 | 2026-01-26 | 0001193125-26-023418 ↗ |
| 8-K | 2026-01-13 | 2026-01-13 | 0001193125-26-011199 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001525221-25-000073 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0001525221-25-000071 ↗ |
| 8-K | 2025-08-22 | 2025-08-21 | 0001525221-25-000064 ↗ |