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Side-by-side financial comparison of TPG Mortgage Investment Trust, Inc. (MITT) 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 $20.4M, roughly 1.2× TPG Mortgage Investment Trust, Inc.). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs 14.5%, a 50.5% gap on every dollar of revenue. On growth, Volato Group, Inc. posted the faster year-over-year revenue change (13632.0% vs 17.7%).

TPG Mortgage Investment Trust, Inc. is a real estate investment trust managed by global alternative asset firm TPG. It primarily invests in residential and commercial mortgage-backed securities, performing and non-performing mortgage loans, and other credit-linked real estate assets, with its core market being the United States. It generates returns via net interest income from holdings and strategic asset disposition gains.

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

MITT vs SOAR — Head-to-Head

Bigger by revenue
SOAR
SOAR
1.2× larger
SOAR
$24.9M
$20.4M
MITT
Growing faster (revenue YoY)
SOAR
SOAR
+13614.4% gap
SOAR
13632.0%
17.7%
MITT
Higher net margin
MITT
MITT
50.5% more per $
MITT
65.0%
14.5%
SOAR

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
MITT
MITT
SOAR
SOAR
Revenue
$20.4M
$24.9M
Net Profit
$13.3M
$3.6M
Gross Margin
15.2%
Operating Margin
67.1%
3.5%
Net Margin
65.0%
14.5%
Revenue YoY
17.7%
13632.0%
Net Profit YoY
-7.0%
121.3%
EPS (diluted)
$0.27
$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
MITT
MITT
SOAR
SOAR
Q4 25
$20.4M
Q3 25
$19.5M
Q2 25
$17.8M
$24.9M
Q1 25
$18.8M
$25.5M
Q4 24
$17.4M
Q3 24
$14.9M
$38.5M
Q2 24
$16.4M
Q1 24
$17.2M
Net Profit
MITT
MITT
SOAR
SOAR
Q4 25
$13.3M
Q3 25
$20.0M
Q2 25
$3.9M
$3.6M
Q1 25
$11.5M
$455.0K
Q4 24
$14.3M
Q3 24
$16.6M
$-4.4M
Q2 24
$3.9M
Q1 24
$20.9M
Gross Margin
MITT
MITT
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
MITT
MITT
SOAR
SOAR
Q4 25
67.1%
Q3 25
Q2 25
20.9%
3.5%
Q1 25
54.6%
9.9%
Q4 24
76.7%
Q3 24
5.5%
Q2 24
18.4%
Q1 24
Net Margin
MITT
MITT
SOAR
SOAR
Q4 25
65.0%
Q3 25
102.5%
Q2 25
22.2%
14.5%
Q1 25
60.9%
1.8%
Q4 24
82.2%
Q3 24
111.3%
-11.5%
Q2 24
24.0%
Q1 24
121.6%
EPS (diluted)
MITT
MITT
SOAR
SOAR
Q4 25
$0.27
Q3 25
$0.47
Q2 25
$-0.05
$0.75
Q1 25
$0.21
$0.03
Q4 24
$0.30
Q3 24
$0.40
$-3.76
Q2 24
$-0.02
Q1 24
$0.55

Balance Sheet & Financial Strength

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

Metric
MITT
MITT
SOAR
SOAR
Cash + ST InvestmentsLiquidity on hand
$57.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$560.7M
$-7.1M
Total Assets
$8.7B
$13.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MITT
MITT
SOAR
SOAR
Q4 25
$57.8M
Q3 25
$59.0M
Q2 25
$88.7M
Q1 25
$115.5M
Q4 24
$118.7M
Q3 24
$102.5M
Q2 24
$120.9M
Q1 24
$100.3M
Stockholders' Equity
MITT
MITT
SOAR
SOAR
Q4 25
$560.7M
Q3 25
$559.8M
Q2 25
$536.4M
$-7.1M
Q1 25
$543.9M
$-15.8M
Q4 24
$543.4M
Q3 24
$540.1M
$-19.6M
Q2 24
$533.5M
Q1 24
$539.6M
Total Assets
MITT
MITT
SOAR
SOAR
Q4 25
$8.7B
Q3 25
$9.0B
Q2 25
$7.5B
$13.0M
Q1 25
$7.3B
$23.4M
Q4 24
$6.9B
Q3 24
$7.0B
$47.9M
Q2 24
$7.1B
Q1 24
$6.4B

Cash Flow & Capital Efficiency

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

Metric
MITT
MITT
SOAR
SOAR
Operating Cash FlowLast quarter
$59.6M
$848.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
4.48×
0.24×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MITT
MITT
SOAR
SOAR
Q4 25
$59.6M
Q3 25
$17.4M
Q2 25
$11.5M
$848.0K
Q1 25
$12.0M
$-312.0K
Q4 24
$55.8M
Q3 24
$14.5M
$-3.1M
Q2 24
$13.7M
Q1 24
$12.0M
Free Cash Flow
MITT
MITT
SOAR
SOAR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-3.2M
Q2 24
Q1 24
FCF Margin
MITT
MITT
SOAR
SOAR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-8.2%
Q2 24
Q1 24
Capex Intensity
MITT
MITT
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
MITT
MITT
SOAR
SOAR
Q4 25
4.48×
Q3 25
0.87×
Q2 25
2.92×
0.24×
Q1 25
1.05×
-0.69×
Q4 24
3.91×
Q3 24
0.87×
Q2 24
3.50×
Q1 24
0.57×

Financial Flow Comparison

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

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