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Side-by-side financial comparison of Farmland Partners Inc. (FPI) and Volato Group, Inc. (SOAR). Click either name above to swap in a different company.

Volato Group, Inc. is the larger business by last-quarter revenue ($24.9M vs $20.7M, roughly 1.2× Farmland Partners Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs 14.5%, a 88.9% gap on every dollar of revenue. On growth, Volato Group, Inc. posted the faster year-over-year revenue change (13632.0% vs -3.5%).

Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.

Volato Aeronaves also known as Volato Aeronaves e Compósitos Ltda is a Brazilian aircraft manufacturer.

FPI vs SOAR — Head-to-Head

Bigger by revenue
SOAR
SOAR
1.2× larger
SOAR
$24.9M
$20.7M
FPI
Growing faster (revenue YoY)
SOAR
SOAR
+13635.6% gap
SOAR
13632.0%
-3.5%
FPI
Higher net margin
FPI
FPI
88.9% more per $
FPI
103.4%
14.5%
SOAR

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FPI
FPI
SOAR
SOAR
Revenue
$20.7M
$24.9M
Net Profit
$21.4M
$3.6M
Gross Margin
15.2%
Operating Margin
3.5%
Net Margin
103.4%
14.5%
Revenue YoY
-3.5%
13632.0%
Net Profit YoY
-63.5%
121.3%
EPS (diluted)
$0.44
$0.75

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FPI
FPI
SOAR
SOAR
Q4 25
$20.7M
Q3 25
$11.3M
Q2 25
$10.0M
$24.9M
Q1 25
$10.3M
$25.5M
Q4 24
$21.5M
Q3 24
$13.3M
$38.5M
Q2 24
$11.4M
Q1 24
$12.0M
Net Profit
FPI
FPI
SOAR
SOAR
Q4 25
$21.4M
Q3 25
$483.0K
Q2 25
$7.6M
$3.6M
Q1 25
$2.0M
$455.0K
Q4 24
$58.7M
Q3 24
$1.8M
$-4.4M
Q2 24
$-2.0M
Q1 24
$1.4M
Gross Margin
FPI
FPI
SOAR
SOAR
Q4 25
Q3 25
Q2 25
15.2%
Q1 25
17.6%
Q4 24
Q3 24
16.6%
Q2 24
Q1 24
Operating Margin
FPI
FPI
SOAR
SOAR
Q4 25
Q3 25
4.3%
Q2 25
78.2%
3.5%
Q1 25
20.6%
9.9%
Q4 24
Q3 24
13.9%
5.5%
Q2 24
-17.9%
Q1 24
11.9%
Net Margin
FPI
FPI
SOAR
SOAR
Q4 25
103.4%
Q3 25
4.3%
Q2 25
76.3%
14.5%
Q1 25
19.9%
1.8%
Q4 24
273.6%
Q3 24
13.5%
-11.5%
Q2 24
-17.5%
Q1 24
11.5%
EPS (diluted)
FPI
FPI
SOAR
SOAR
Q4 25
$0.44
Q3 25
$0.00
Q2 25
$0.14
$0.75
Q1 25
$0.03
$0.03
Q4 24
$1.09
Q3 24
$0.02
$-3.76
Q2 24
$-0.06
Q1 24
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FPI
FPI
SOAR
SOAR
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$467.4M
$-7.1M
Total Assets
$719.1M
$13.0M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Total Debt
FPI
FPI
SOAR
SOAR
Q4 25
$161.6M
Q3 25
$170.4M
Q2 25
$193.4M
Q1 25
$202.6M
Q4 24
$204.6M
Q3 24
$394.0M
Q2 24
$393.0M
Q1 24
$383.0M
Stockholders' Equity
FPI
FPI
SOAR
SOAR
Q4 25
$467.4M
Q3 25
$457.3M
Q2 25
$473.5M
$-7.1M
Q1 25
$492.2M
$-15.8M
Q4 24
$494.6M
Q3 24
$519.4M
$-19.6M
Q2 24
$521.5M
Q1 24
$526.7M
Total Assets
FPI
FPI
SOAR
SOAR
Q4 25
$719.1M
Q3 25
$738.5M
Q2 25
$776.7M
$13.0M
Q1 25
$810.5M
$23.4M
Q4 24
$869.6M
Q3 24
$1.0B
$47.9M
Q2 24
$1.0B
Q1 24
$1.0B
Debt / Equity
FPI
FPI
SOAR
SOAR
Q4 25
0.35×
Q3 25
0.37×
Q2 25
0.41×
Q1 25
0.41×
Q4 24
0.41×
Q3 24
0.76×
Q2 24
0.75×
Q1 24
0.73×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FPI
FPI
SOAR
SOAR
Operating Cash FlowLast quarter
$17.4M
$848.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.81×
0.24×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FPI
FPI
SOAR
SOAR
Q4 25
$17.4M
Q3 25
$-2.0M
Q2 25
$-2.2M
$848.0K
Q1 25
$6.4M
$-312.0K
Q4 24
$16.1M
Q3 24
$-4.3M
$-3.1M
Q2 24
$-6.1M
Q1 24
$11.9M
Free Cash Flow
FPI
FPI
SOAR
SOAR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-3.2M
Q2 24
Q1 24
FCF Margin
FPI
FPI
SOAR
SOAR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-8.2%
Q2 24
Q1 24
Capex Intensity
FPI
FPI
SOAR
SOAR
Q4 25
Q3 25
Q2 25
0.0%
Q1 25
0.0%
Q4 24
Q3 24
0.1%
Q2 24
Q1 24
Cash Conversion
FPI
FPI
SOAR
SOAR
Q4 25
0.81×
Q3 25
-4.04×
Q2 25
-0.29×
0.24×
Q1 25
3.12×
-0.69×
Q4 24
0.27×
Q3 24
-2.39×
Q2 24
Q1 24
8.66×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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