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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and Volato Group, Inc. (SOAR). Click either name above to swap in a different company.

FRANKLIN STREET PROPERTIES CORP is the larger business by last-quarter revenue ($26.0M vs $24.9M, roughly 1.0× Volato Group, Inc.). Volato Group, Inc. runs the higher net margin — 14.5% vs -28.1%, a 42.6% gap on every dollar of revenue. On growth, Volato Group, Inc. posted the faster year-over-year revenue change (13632.0% vs -8.2%).

Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.

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

FSP vs SOAR — Head-to-Head

Bigger by revenue
FSP
FSP
1.0× larger
FSP
$26.0M
$24.9M
SOAR
Growing faster (revenue YoY)
SOAR
SOAR
+13640.3% gap
SOAR
13632.0%
-8.2%
FSP
Higher net margin
SOAR
SOAR
42.6% more per $
SOAR
14.5%
-28.1%
FSP

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FSP
FSP
SOAR
SOAR
Revenue
$26.0M
$24.9M
Net Profit
$-7.3M
$3.6M
Gross Margin
59.4%
15.2%
Operating Margin
-27.9%
3.5%
Net Margin
-28.1%
14.5%
Revenue YoY
-8.2%
13632.0%
Net Profit YoY
14.1%
121.3%
EPS (diluted)
$-0.06
$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
FSP
FSP
SOAR
SOAR
Q4 25
$26.0M
Q3 25
$27.3M
Q2 25
$26.7M
$24.9M
Q1 25
$27.1M
$25.5M
Q4 24
$28.4M
Q3 24
$29.7M
$38.5M
Q2 24
$30.8M
Q1 24
$31.2M
Net Profit
FSP
FSP
SOAR
SOAR
Q4 25
$-7.3M
Q3 25
$-8.3M
Q2 25
$-7.9M
$3.6M
Q1 25
$-21.4M
$455.0K
Q4 24
$-8.5M
Q3 24
$-15.6M
$-4.4M
Q2 24
$-21.0M
Q1 24
$-7.6M
Gross Margin
FSP
FSP
SOAR
SOAR
Q4 25
59.4%
Q3 25
60.9%
Q2 25
59.9%
15.2%
Q1 25
62.8%
17.6%
Q4 24
59.7%
Q3 24
61.0%
16.6%
Q2 24
64.2%
Q1 24
64.7%
Operating Margin
FSP
FSP
SOAR
SOAR
Q4 25
-27.9%
Q3 25
-30.5%
Q2 25
-29.2%
3.5%
Q1 25
-78.9%
9.9%
Q4 24
-29.9%
Q3 24
-52.4%
5.5%
Q2 24
-68.0%
Q1 24
-24.0%
Net Margin
FSP
FSP
SOAR
SOAR
Q4 25
-28.1%
Q3 25
-30.5%
Q2 25
-29.5%
14.5%
Q1 25
-79.1%
1.8%
Q4 24
-30.0%
Q3 24
-52.6%
-11.5%
Q2 24
-68.2%
Q1 24
-24.2%
EPS (diluted)
FSP
FSP
SOAR
SOAR
Q4 25
$-0.06
Q3 25
$-0.08
Q2 25
$-0.08
$0.75
Q1 25
$-0.21
$0.03
Q4 24
$-0.09
Q3 24
$-0.15
$-3.76
Q2 24
$-0.20
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
FSP
FSP
SOAR
SOAR
Cash + ST InvestmentsLiquidity on hand
$30.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$607.0M
$-7.1M
Total Assets
$892.9M
$13.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSP
FSP
SOAR
SOAR
Q4 25
$30.6M
Q3 25
$31.4M
Q2 25
$29.4M
Q1 25
$30.2M
Q4 24
$41.1M
Q3 24
$40.9M
Q2 24
$30.2M
Q1 24
$34.2M
Stockholders' Equity
FSP
FSP
SOAR
SOAR
Q4 25
$607.0M
Q3 25
$615.3M
Q2 25
$624.7M
$-7.1M
Q1 25
$633.4M
$-15.8M
Q4 24
$655.9M
Q3 24
$665.4M
$-19.6M
Q2 24
$682.1M
Q1 24
$703.9M
Total Assets
FSP
FSP
SOAR
SOAR
Q4 25
$892.9M
Q3 25
$901.0M
Q2 25
$903.2M
$13.0M
Q1 25
$916.4M
$23.4M
Q4 24
$946.9M
Q3 24
$981.5M
$47.9M
Q2 24
$1.0B
Q1 24
$1.0B

Cash Flow & Capital Efficiency

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

Metric
FSP
FSP
SOAR
SOAR
Operating Cash FlowLast quarter
$3.8M
$848.0K
Free Cash FlowOCF − Capex
$-12.7M
FCF MarginFCF / Revenue
-48.6%
Capex IntensityCapex / Revenue
63.0%
0.0%
Cash ConversionOCF / Net Profit
0.24×
TTM Free Cash FlowTrailing 4 quarters
$-25.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSP
FSP
SOAR
SOAR
Q4 25
$3.8M
Q3 25
$8.3M
Q2 25
$-2.9M
$848.0K
Q1 25
$-5.5M
$-312.0K
Q4 24
$9.0M
Q3 24
$14.5M
$-3.1M
Q2 24
$-648.0K
Q1 24
$-7.1M
Free Cash Flow
FSP
FSP
SOAR
SOAR
Q4 25
$-12.7M
Q3 25
$3.0M
Q2 25
$-5.7M
Q1 25
$-9.9M
Q4 24
$-16.2M
Q3 24
$8.6M
$-3.2M
Q2 24
$-5.1M
Q1 24
$-15.8M
FCF Margin
FSP
FSP
SOAR
SOAR
Q4 25
-48.6%
Q3 25
11.0%
Q2 25
-21.5%
Q1 25
-36.7%
Q4 24
-57.2%
Q3 24
29.1%
-8.2%
Q2 24
-16.7%
Q1 24
-50.8%
Capex Intensity
FSP
FSP
SOAR
SOAR
Q4 25
63.0%
Q3 25
19.4%
Q2 25
10.7%
0.0%
Q1 25
16.4%
0.0%
Q4 24
88.9%
Q3 24
19.6%
0.1%
Q2 24
14.6%
Q1 24
28.1%
Cash Conversion
FSP
FSP
SOAR
SOAR
Q4 25
Q3 25
Q2 25
0.24×
Q1 25
-0.69×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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