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Side-by-side financial comparison of NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) 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 $23.6M, roughly 1.1× NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP). Volato Group, Inc. runs the higher net margin — 14.5% vs -677.3%, a 691.8% gap on every dollar of revenue. On growth, Volato Group, Inc. posted the faster year-over-year revenue change (13632.0% vs 15.7%).

New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.

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

NEN vs SOAR — Head-to-Head

Bigger by revenue
SOAR
SOAR
1.1× larger
SOAR
$24.9M
$23.6M
NEN
Growing faster (revenue YoY)
SOAR
SOAR
+13616.3% gap
SOAR
13632.0%
15.7%
NEN
Higher net margin
SOAR
SOAR
691.8% more per $
SOAR
14.5%
-677.3%
NEN

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
NEN
NEN
SOAR
SOAR
Revenue
$23.6M
$24.9M
Net Profit
$-1.4M
$3.6M
Gross Margin
15.2%
Operating Margin
14.0%
3.5%
Net Margin
-677.3%
14.5%
Revenue YoY
15.7%
13632.0%
Net Profit YoY
-133.0%
121.3%
EPS (diluted)
$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
NEN
NEN
SOAR
SOAR
Q4 25
$23.6M
Q3 25
$23.7M
Q2 25
$21.2M
$24.9M
Q1 25
$20.7M
$25.5M
Q4 24
$20.4M
Q3 24
$20.2M
$38.5M
Q2 24
$20.1M
Q1 24
$19.9M
Net Profit
NEN
NEN
SOAR
SOAR
Q4 25
$-1.4M
Q3 25
$-521.8K
Q2 25
$4.1M
$3.6M
Q1 25
$3.8M
$455.0K
Q4 24
$4.2M
Q3 24
$3.9M
$-4.4M
Q2 24
$4.1M
Q1 24
$3.5M
Gross Margin
NEN
NEN
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
NEN
NEN
SOAR
SOAR
Q4 25
14.0%
Q3 25
20.0%
Q2 25
33.3%
3.5%
Q1 25
30.1%
9.9%
Q4 24
32.4%
Q3 24
32.0%
5.5%
Q2 24
32.6%
Q1 24
28.9%
Net Margin
NEN
NEN
SOAR
SOAR
Q4 25
-677.3%
Q3 25
-2.2%
Q2 25
19.5%
14.5%
Q1 25
18.3%
1.8%
Q4 24
20.7%
Q3 24
19.3%
-11.5%
Q2 24
20.3%
Q1 24
17.4%
EPS (diluted)
NEN
NEN
SOAR
SOAR
Q4 25
Q3 25
Q2 25
$0.75
Q1 25
$0.03
Q4 24
Q3 24
$-3.76
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
NEN
NEN
SOAR
SOAR
Cash + ST InvestmentsLiquidity on hand
$26.7M
Total DebtLower is stronger
$531.0M
Stockholders' EquityBook value
$-7.1M
Total Assets
$505.3M
$13.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEN
NEN
SOAR
SOAR
Q4 25
$26.7M
Q3 25
$13.4M
Q2 25
$16.7M
Q1 25
$30.9M
Q4 24
$17.6M
Q3 24
$15.1M
Q2 24
$13.5M
Q1 24
$28.8M
Total Debt
NEN
NEN
SOAR
SOAR
Q4 25
$531.0M
Q3 25
$514.2M
Q2 25
$514.3M
Q1 25
$407.8M
Q4 24
$408.6M
Q3 24
$409.3M
Q2 24
$410.0M
Q1 24
$410.7M
Stockholders' Equity
NEN
NEN
SOAR
SOAR
Q4 25
Q3 25
Q2 25
$-7.1M
Q1 25
$-15.8M
Q4 24
Q3 24
$-19.6M
Q2 24
Q1 24
Total Assets
NEN
NEN
SOAR
SOAR
Q4 25
$505.3M
Q3 25
$492.9M
Q2 25
$494.8M
$13.0M
Q1 25
$385.2M
$23.4M
Q4 24
$393.5M
Q3 24
$387.4M
$47.9M
Q2 24
$383.7M
Q1 24
$381.2M

Cash Flow & Capital Efficiency

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

Metric
NEN
NEN
SOAR
SOAR
Operating Cash FlowLast quarter
$27.7M
$848.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.24×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NEN
NEN
SOAR
SOAR
Q4 25
$27.7M
Q3 25
$2.3M
Q2 25
$12.5M
$848.0K
Q1 25
$5.5M
$-312.0K
Q4 24
$31.9M
Q3 24
$8.5M
$-3.1M
Q2 24
$5.4M
Q1 24
$6.1M
Free Cash Flow
NEN
NEN
SOAR
SOAR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-3.2M
Q2 24
Q1 24
FCF Margin
NEN
NEN
SOAR
SOAR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-8.2%
Q2 24
Q1 24
Capex Intensity
NEN
NEN
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
NEN
NEN
SOAR
SOAR
Q4 25
Q3 25
Q2 25
3.02×
0.24×
Q1 25
1.44×
-0.69×
Q4 24
7.57×
Q3 24
2.17×
Q2 24
1.32×
Q1 24
1.77×

Financial Flow Comparison

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

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