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Bridger Aerospace vs Outdoor: revenue, profit, margins and growth compared

Bridger Aerospace brought in $122.8M of revenue in fiscal 2025, Outdoor $51.1M in fiscal 2026. Revenue changed by +24.6% at Bridger Aerospace and +3.5% at Outdoor on the year before, so Bridger Aerospace grew faster. Bridger Aerospace kept 3.4% of its revenue as net profit, Outdoor -6.9%. Free cash flow was -$64.2M at Bridger Aerospace and -$1.9M at Outdoor.

Side by side, latest fiscal year

BAERPOWWP
Fiscal year endedFY2025 (December 31, 2025)FY2026 (March 31, 2026)
Revenue$122.8M$51.1M
Revenue growth+24.6%+3.5%
Net income$4.1M-$3.5M
Net margin3.4%-6.9%
Free cash flow-$64.2M-$1.9M
Free cash flow margin-52.3%-3.8%
Earnings per share (diluted)-$0.42-$0.05
Cash$31.4M$68.1M
Debt$222.5Mn/a
Price to earningsn/an/a
Market value$46.6M$2.8B
Dividend yieldn/an/a
Rank by revenue in sector#369 of 451 · Industrials#404 of 451 · Industrials

Over the years

Revenue
BAER FY2023: $46.4MBAER FY2023: $66.7MBAER FY2024: $98.6MBAER FY2025: $122.8MPOWWP FY2019: $4.6MPOWWP FY2020: $14.8MPOWWP FY2021: $62.5MPOWWP FY2022: $240.3MPOWWP FY2023: $63.1MPOWWP FY2024: $53.9MPOWWP FY2025: $49.4MPOWWP FY2026: $51.1MFY19FY20FY21FY22FY23FY24FY25FY26
BAER $122.8MPOWWP $51.1M
Net income
BAER FY2023: -$42.1MBAER FY2023: -$77.4MBAER FY2024: -$15.6MBAER FY2025: $4.1MPOWWP FY2019: -$11.7MPOWWP FY2020: -$14.6MPOWWP FY2021: -$7.8MPOWWP FY2022: $25.9MPOWWP FY2023: -$8.8MPOWWP FY2024: -$16.6MPOWWP FY2025: -$130.8MPOWWP FY2026: -$3.5MFY19FY20FY21FY22FY23FY24FY25FY26
BAER $4.1MPOWWP -$3.5M
Net margin
BAER FY2023: -90.8%BAER FY2023: -116.0%BAER FY2024: -15.8%BAER FY2025: 3.4%POWWP FY2019: -256.5%POWWP FY2020: -98.5%POWWP FY2021: -12.5%POWWP FY2022: 10.8%POWWP FY2023: -13.9%POWWP FY2024: -30.8%POWWP FY2025: -264.8%POWWP FY2026: -6.9%FY19FY20FY21FY22FY23FY24FY25FY26
BAER 3.4%POWWP -6.9%
Revenue growth
BAER FY2023: +43.8%BAER FY2024: +47.8%BAER FY2025: +24.6%POWWP FY2020: +223.7%POWWP FY2021: +322.7%POWWP FY2022: +284.5%POWWP FY2023: -73.7%POWWP FY2024: -14.6%POWWP FY2025: -8.4%POWWP FY2026: +3.5%FY20FY21FY22FY23FY24FY25FY26
BAER +24.6%POWWP +3.5%
Free cash flow
BAER FY2023: -$35.5MBAER FY2023: -$47.5MBAER FY2024: $5.3MBAER FY2025: -$64.2MPOWWP FY2019: -$9.6MPOWWP FY2020: -$5.8MPOWWP FY2021: -$21.9MPOWWP FY2022: -$17.5MPOWWP FY2023: $33.8MPOWWP FY2024: $30MPOWWP FY2025: -$8.5MPOWWP FY2026: -$1.9MFY19FY20FY21FY22FY23FY24FY25FY26
BAER -$64.2MPOWWP -$1.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Bridger Aerospace and Outdoor

Which is bigger by revenue, Bridger Aerospace or Outdoor?

Bridger Aerospace is bigger by revenue: $122.8M in fiscal 2025, against $51.1M for Outdoor in fiscal 2026.

Which keeps more of its revenue as profit, Bridger Aerospace or Outdoor?

Bridger Aerospace had a net margin of 3.4% in fiscal 2025; Outdoor had -6.9% in fiscal 2026.

Which grew revenue faster, Bridger Aerospace or Outdoor?

In their latest fiscal years revenue changed by +24.6% at Bridger Aerospace and +3.5% at Outdoor.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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