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Flyexclusive vs Bristow: revenue, profit, margins and growth compared

Flyexclusive brought in $375.9M of revenue in fiscal 2025, Bristow $1.5B in fiscal 2025. Revenue changed by +14.9% at Flyexclusive and +5.3% at Bristow on the year before, so Flyexclusive grew faster. Flyexclusive kept -4.7% of its revenue as net profit, Bristow 8.7%. Free cash flow was -$24.3M at Flyexclusive and $56.4M at Bristow.

Side by side, latest fiscal year

FLYXVTOL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$375.9M$1.5B
Revenue growth+14.9%+5.3%
Net income-$17.6M$129.1M
Net margin-4.7%8.7%
Free cash flow-$24.3M$56.4M
Free cash flow margin-6.5%3.8%
Earnings per share (diluted)-$1.01$4.32
Cash$29.3M$286.2M
Debt$108.9M$671.5M
Price to earningsn/a9.9
Market value$129.6M$1.3B
Dividend yieldn/an/a
Rank by revenue in sector#596 of 778 · Consumer discretionary#398 of 778 · Consumer discretionary

Over the years

Revenue
FLYX FY2022: $320MFLYX FY2023: $315.4MFLYX FY2024: $327.3MFLYX FY2025: $375.9MVTOL FY2019: $1.4BVTOL FY2019: $226.1MVTOL FY2021: $1.2BVTOL FY2022: $1.2BVTOL FY2022: $1.2BVTOL FY2023: $1.3BVTOL FY2024: $1.4BVTOL FY2025: $1.5BFY19FY21FY22FY23FY24FY25
FLYX $375.9MVTOL $1.5B
Net income
FLYX FY2022: $6MFLYX FY2023: -$47.1MFLYX FY2023: -$46.8MFLYX FY2024: -$21.1MFLYX FY2025: -$17.6MVTOL FY2019: -$336.8MVTOL FY2019: -$3.6MVTOL FY2021: -$56.1MVTOL FY2022: -$15.8MVTOL FY2022: $9.2MVTOL FY2023: -$6.8MVTOL FY2024: $94.8MVTOL FY2025: $129.1MFY19FY21FY22FY23FY24FY25
FLYX -$17.6MVTOL $129.1M
Net margin
FLYX FY2022: 1.9%FLYX FY2023: -14.9%FLYX FY2024: -6.4%FLYX FY2025: -4.7%VTOL FY2019: -24.6%VTOL FY2019: -1.6%VTOL FY2021: -4.8%VTOL FY2022: -1.3%VTOL FY2022: 0.8%VTOL FY2023: -0.5%VTOL FY2024: 6.7%VTOL FY2025: 8.7%FY19FY21FY22FY23FY24FY25
FLYX -4.7%VTOL 8.7%
Revenue growth
FLYX FY2024: +3.8%FLYX FY2025: +14.9%VTOL FY2019: -83.5%VTOL FY2022: +0.6%VTOL FY2022: +2.1%VTOL FY2023: +7.2%VTOL FY2024: +9.1%VTOL FY2025: +5.3%FY19FY22FY23FY24FY25
FLYX +14.9%VTOL +5.3%
Free cash flow
FLYX FY2022: -$100.3MFLYX FY2023: -$75MFLYX FY2024: -$67.6MFLYX FY2025: -$24.3MVTOL FY2019: -$150.3MVTOL FY2019: $21MVTOL FY2021: $82MVTOL FY2022: $92.8MVTOL FY2023: -$49.5MVTOL FY2024: -$78MVTOL FY2025: $56.4MFY19FY21FY22FY23FY24FY25
FLYX -$24.3MVTOL $56.4M

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

Questions about Flyexclusive and Bristow

Which is bigger by revenue, Flyexclusive or Bristow?

Bristow is bigger by revenue: $1.5B in fiscal 2025, against $375.9M for Flyexclusive in fiscal 2025.

Which keeps more of its revenue as profit, Flyexclusive or Bristow?

Flyexclusive had a net margin of -4.7% in fiscal 2025; Bristow had 8.7% in fiscal 2025.

Which grew revenue faster, Flyexclusive or Bristow?

In their latest fiscal years revenue changed by +14.9% at Flyexclusive and +5.3% at Bristow.

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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