Bristow Group: Flying Into My Portfolio As I Open A Position

Bristow Group is rated a Buy, driven by robust margins, reliable long-term contracts, and a differentiated business model versus traditional aviation. VTOL’s revenue is anchored by offshore energy (67%) and government services, with 65–85% of revenues secured through fixed monthly charges and long-term agreements. The Berry Aviation acquisition adds $18 million in annual EBITDA, enhancing government segment capabilities and accelerating growth opportunities. VTOL trades at a 10x forward P/E, 25% below the sector, with strong cash flows, an improving balance sheet, and immediate integration benefits from Berry.

The aviation industry is something I’ve almost religiously avoided over the years because of the lack of profitability, the large commodity pricing exposure some are seeing, but mainly it’s come down to poor margins. Bristow Group Inc.