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Surf Air Mobility vs Bristow: revenue, profit, margins and growth compared

Surf Air Mobility brought in $106.6M of revenue in fiscal 2025, Bristow $1.5B in fiscal 2025. Revenue changed by -10.8% at Surf Air Mobility and +5.3% at Bristow on the year before, so Bristow grew faster. Surf Air Mobility kept -103.8% of its revenue as net profit, Bristow 8.7%. Free cash flow was -$70.1M at Surf Air Mobility and $56.4M at Bristow.

Side by side, latest fiscal year

SRFMVTOL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$106.6M$1.5B
Revenue growth-10.8%+5.3%
Net income-$110.6M$129.1M
Net margin-103.8%8.7%
Free cash flow-$70.1M$56.4M
Free cash flow margin-65.8%3.8%
Earnings per share (diluted)-$3.15$4.32
Cash$12.7M$286.2M
Debt$17.1M$671.5M
Price to earningsn/a9.9
Market value$137.2M$1.3B
Dividend yieldn/an/a
Rank by revenue in sector#686 of 778 · Consumer discretionary#398 of 778 · Consumer discretionary

Over the years

Revenue
SRFM FY2023: $20.3MSRFM FY2023: $60.5MSRFM FY2024: $119.4MSRFM FY2025: $106.6MVTOL FY2019: $1.4BVTOL FY2019: $226.1MVTOL FY2021: $1.2BVTOL FY2022: $1.2BVTOL FY2022: $1.2BVTOL FY2023: $1.3BVTOL FY2024: $1.4BVTOL FY2025: $1.5BFY19FY21FY22FY23FY24FY25
SRFM $106.6MVTOL $1.5B
Net income
SRFM FY2023: -$74.4MSRFM FY2023: -$250.7MSRFM FY2024: -$74.9MSRFM FY2025: -$110.6MVTOL FY2019: -$336.8MVTOL FY2019: -$3.6MVTOL FY2021: -$56.1MVTOL FY2022: -$15.8MVTOL FY2022: $9.2MVTOL FY2023: -$6.8MVTOL FY2024: $94.8MVTOL FY2025: $129.1MFY19FY21FY22FY23FY24FY25
SRFM -$110.6MVTOL $129.1M
Net margin
SRFM FY2023: -366.8%SRFM FY2023: -414.3%SRFM FY2024: -62.7%SRFM FY2025: -103.8%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
SRFM -103.8%VTOL 8.7%
Revenue growth
SRFM FY2023: +198.4%SRFM FY2024: +97.4%SRFM FY2025: -10.8%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
SRFM -10.8%VTOL +5.3%
Free cash flow
SRFM FY2023: -$28.1MSRFM FY2023: -$72MSRFM FY2024: -$66.1MSRFM FY2025: -$70.1MVTOL FY2019: -$150.3MVTOL FY2019: $21MVTOL FY2021: $82MVTOL FY2022: $92.8MVTOL FY2023: -$49.5MVTOL FY2024: -$78MVTOL FY2025: $56.4MFY19FY21FY22FY23FY24FY25
SRFM -$70.1MVTOL $56.4M

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

Questions about Surf Air Mobility and Bristow

Which is bigger by revenue, Surf Air Mobility or Bristow?

Bristow is bigger by revenue: $1.5B in fiscal 2025, against $106.6M for Surf Air Mobility in fiscal 2025.

Which keeps more of its revenue as profit, Surf Air Mobility or Bristow?

Surf Air Mobility had a net margin of -103.8% in fiscal 2025; Bristow had 8.7% in fiscal 2025.

Which grew revenue faster, Surf Air Mobility or Bristow?

In their latest fiscal years revenue changed by -10.8% at Surf Air Mobility 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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