Company Overview
Bridger Aerospace Group Holdings, Inc. operates within the Industrials sector, specifically providing security and protection services through aerial wildfire surveillance, relief and suppression, and aerial firefighting services across the United States. The company supports ground crews by operating specialized aircraft, including the Viking CL-415EAF, to deliver critical fire suppression capabilities during wildfire incidents. This business model positions the firm as a specialized provider of high-risk aviation services essential for national disaster response and land management. The company's current market capitalization stands at $103.46M, while its trailing twelve-month revenue is reported at $122.83M, employing a workforce of 235 individuals. These valuation and revenue figures indicate that Bridger Aerospace Group is a mid-sized enterprise within the security and protection services industry, possessing a significant asset base relative to its market cap, which suggests a capital-intensive operational structure typical of the aviation sector.
Financial Health
The company reported revenue of $122.83M over the trailing twelve months, yet it recorded a net income loss of $-22,938,000, creating a substantial gap that reveals a heavy cost structure where operating expenses significantly exceed gross profits before interest and taxes. Despite the net income loss, the company generated positive EBITDA of $30.72M, suggesting that core operational cash generation remains robust even when accounting for significant non-operating charges or interest expenses. However, the free cash flow is negative at $-52,949,624, which indicates that the company is burning cash and lacks the immediate financial flexibility to fund growth or reduce debt without external capital raises. The gross margin stands at 42.1%, reflecting the high revenue capture on aerial services, whereas the operating margin is negative at -190.2%, signaling that operating costs are far exceeding operating revenue. The profit margin is reported as 3.4%, a figure that appears inconsistent with the negative net income and requires contextual understanding of how the company classifies certain expenses in its reporting. Bridger Aerospace Group holds $33.02M in cash against a total debt obligation of $244.95M, resulting in a debt-to-equity ratio of 378.79, which characterizes the balance sheet as highly leveraged and reliant on refinancing or equity issuance. The current ratio is 2.43, indicating that the company holds 2.43 times more current assets than current liabilities, which suggests adequate short-term liquidity to meet immediate obligations despite the overall leverage. Return on equity is 7.0% and return on assets is 3.1%, metrics that reveal management is generating returns on shareholder capital and total assets, though the high leverage distorts these percentages and masks the underlying profitability challenges.
Valuation Assessment
The trailing P/E ratio is listed as N/A due to the net income loss, while the forward P/E is also N/A, implying that the market cannot value the stock based on traditional earnings multiples and must instead rely on cash-flow or asset-based metrics. The price-to-book ratio is -0.30, a negative multiple that indicates the market values the company at a discount to its book value, potentially reflecting concerns about the asset quality or the inability to sustain current operations without significant capital infusion. Using alternative valuation metrics, the price-to-sales ratio is 0.84, meaning the market prices the company at less than one dollar of revenue per share, while the EV/EBITDA stands at 23.53, suggesting a premium valuation relative to its earnings before interest, taxes, depreciation, and amortization given the high debt load. The 52-week high is $3.44 and the 52-week low is $1.02, placing the stock's trading range within a wide band of volatility typical for distressed or turnaround situations. The beta value is 0.19, which is significantly below 1.0, indicating that the stock price exhibits low volatility relative to the broader market and moves independently of general market trends.
Growth & Income
Revenue growth year-over-year is -45.2%, while earnings growth is N/A due to the current period losses, implying that the company is currently contracting its top line rather than expanding its revenue base. The company does not pay dividends, as evidenced by a dividend yield of N/A and a payout ratio of 0.0%, meaning the company retains all earnings or losses and reinvests them into operations rather than distributing income to shareholders. This non-dividend profile aligns with the negative free cash flow and the need to preserve liquidity to service the substantial debt load and maintain the aerial firefighting fleet. The overall growth and income profile reflects a mature or distressed phase where the company prioritizes operational continuity over shareholder payouts or rapid revenue expansion.