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Side-by-side financial comparison of Invesco Mortgage Capital Inc. (IVR) 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 $21.3M, roughly 1.2× Invesco Mortgage Capital Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs 14.5%, a 227.7% gap on every dollar of revenue. On growth, Volato Group, Inc. posted the faster year-over-year revenue change (13632.0% vs 55.4%).

Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

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

IVR vs SOAR — Head-to-Head

Bigger by revenue
SOAR
SOAR
1.2× larger
SOAR
$24.9M
$21.3M
IVR
Growing faster (revenue YoY)
SOAR
SOAR
+13576.6% gap
SOAR
13632.0%
55.4%
IVR
Higher net margin
IVR
IVR
227.7% more per $
IVR
242.2%
14.5%
SOAR

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
IVR
IVR
SOAR
SOAR
Revenue
$21.3M
$24.9M
Net Profit
$51.5M
$3.6M
Gross Margin
15.2%
Operating Margin
3.5%
Net Margin
242.2%
14.5%
Revenue YoY
55.4%
13632.0%
Net Profit YoY
1368.7%
121.3%
EPS (diluted)
$0.72
$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
IVR
IVR
SOAR
SOAR
Q4 25
$21.3M
Q3 25
$17.6M
Q2 25
$17.7M
$24.9M
Q1 25
$18.8M
$25.5M
Q4 24
$13.7M
Q3 24
$7.5M
$38.5M
Q2 24
$8.6M
Q1 24
$7.0M
Net Profit
IVR
IVR
SOAR
SOAR
Q4 25
$51.5M
Q3 25
$53.5M
Q2 25
$-23.3M
$3.6M
Q1 25
$19.6M
$455.0K
Q4 24
$3.5M
Q3 24
$40.7M
$-4.4M
Q2 24
$-13.5M
Q1 24
$29.1M
Gross Margin
IVR
IVR
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
IVR
IVR
SOAR
SOAR
Q4 25
Q3 25
Q2 25
3.5%
Q1 25
9.9%
Q4 24
Q3 24
5.5%
Q2 24
Q1 24
Net Margin
IVR
IVR
SOAR
SOAR
Q4 25
242.2%
Q3 25
303.6%
Q2 25
-131.6%
14.5%
Q1 25
104.4%
1.8%
Q4 24
25.6%
Q3 24
542.2%
-11.5%
Q2 24
-155.9%
Q1 24
415.9%
EPS (diluted)
IVR
IVR
SOAR
SOAR
Q4 25
$0.72
Q3 25
$0.74
Q2 25
$-0.40
$0.75
Q1 25
$0.26
$0.03
Q4 24
$-0.09
Q3 24
$0.63
$-3.76
Q2 24
$-0.38
Q1 24
$0.49

Balance Sheet & Financial Strength

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

Metric
IVR
IVR
SOAR
SOAR
Cash + ST InvestmentsLiquidity on hand
$56.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$797.5M
$-7.1M
Total Assets
$6.5B
$13.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVR
IVR
SOAR
SOAR
Q4 25
$56.0M
Q3 25
$58.5M
Q2 25
$59.4M
Q1 25
$42.9M
Q4 24
$73.4M
Q3 24
$48.3M
Q2 24
$58.8M
Q1 24
$59.9M
Stockholders' Equity
IVR
IVR
SOAR
SOAR
Q4 25
$797.5M
Q3 25
$769.6M
Q2 25
$709.4M
$-7.1M
Q1 25
$759.2M
$-15.8M
Q4 24
$730.7M
Q3 24
$857.0M
$-19.6M
Q2 24
$759.2M
Q1 24
$785.6M
Total Assets
IVR
IVR
SOAR
SOAR
Q4 25
$6.5B
Q3 25
$6.0B
Q2 25
$5.4B
$13.0M
Q1 25
$6.2B
$23.4M
Q4 24
$5.7B
Q3 24
$6.1B
$47.9M
Q2 24
$5.1B
Q1 24
$5.2B

Cash Flow & Capital Efficiency

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

Metric
IVR
IVR
SOAR
SOAR
Operating Cash FlowLast quarter
$157.1M
$848.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
3.05×
0.24×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVR
IVR
SOAR
SOAR
Q4 25
$157.1M
Q3 25
$37.3M
Q2 25
$40.6M
$848.0K
Q1 25
$19.3M
$-312.0K
Q4 24
$183.2M
Q3 24
$30.8M
$-3.1M
Q2 24
$33.0M
Q1 24
$57.5M
Free Cash Flow
IVR
IVR
SOAR
SOAR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-3.2M
Q2 24
Q1 24
FCF Margin
IVR
IVR
SOAR
SOAR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-8.2%
Q2 24
Q1 24
Capex Intensity
IVR
IVR
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
IVR
IVR
SOAR
SOAR
Q4 25
3.05×
Q3 25
0.70×
Q2 25
0.24×
Q1 25
0.98×
-0.69×
Q4 24
52.24×
Q3 24
0.76×
Q2 24
Q1 24
1.97×

Financial Flow Comparison

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

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