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Side-by-side financial comparison of REDWOOD TRUST INC (RWT) and Volato Group, Inc. (SOAR). Click either name above to swap in a different company.

REDWOOD TRUST INC is the larger business by last-quarter revenue ($25.9M vs $24.9M, roughly 1.0× Volato Group, Inc.). REDWOOD TRUST INC runs the higher net margin — 77.2% vs 14.5%, a 62.7% gap on every dollar of revenue. On growth, Volato Group, Inc. posted the faster year-over-year revenue change (13632.0% vs -6.1%).

Redwood Trust Inc is a specialized U.S.-headquartered real estate investment trust (REIT). It manages investment portfolios covering residential and commercial mortgage loans, mortgage-backed securities, and real estate credit assets. Its core segments include residential mortgage lending, commercial real estate credit, and investment management, serving institutional investors and real estate market stakeholders.

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

RWT vs SOAR — Head-to-Head

Bigger by revenue
RWT
RWT
1.0× larger
RWT
$25.9M
$24.9M
SOAR
Growing faster (revenue YoY)
SOAR
SOAR
+13638.1% gap
SOAR
13632.0%
-6.1%
RWT
Higher net margin
RWT
RWT
62.7% more per $
RWT
77.2%
14.5%
SOAR

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
RWT
RWT
SOAR
SOAR
Revenue
$25.9M
$24.9M
Net Profit
$20.0M
$3.6M
Gross Margin
15.2%
Operating Margin
3.5%
Net Margin
77.2%
14.5%
Revenue YoY
-6.1%
13632.0%
Net Profit YoY
402.6%
121.3%
EPS (diluted)
$0.11
$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
RWT
RWT
SOAR
SOAR
Q4 25
$25.9M
Q3 25
$15.0M
Q2 25
$13.8M
$24.9M
Q1 25
$27.9M
$25.5M
Q4 24
$27.6M
Q3 24
$25.5M
$38.5M
Q2 24
$67.4M
Q1 24
$74.5M
Net Profit
RWT
RWT
SOAR
SOAR
Q4 25
$20.0M
Q3 25
$-7.7M
Q2 25
$-98.5M
$3.6M
Q1 25
$16.1M
$455.0K
Q4 24
$-6.6M
Q3 24
$14.8M
$-4.4M
Q2 24
$15.5M
Q1 24
$30.3M
Gross Margin
RWT
RWT
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
RWT
RWT
SOAR
SOAR
Q4 25
Q3 25
-9.0%
Q2 25
-679.0%
3.5%
Q1 25
80.2%
9.9%
Q4 24
-1.3%
Q3 24
86.1%
5.5%
Q2 24
30.3%
Q1 24
41.3%
Net Margin
RWT
RWT
SOAR
SOAR
Q4 25
77.2%
Q3 25
-51.4%
Q2 25
-712.0%
14.5%
Q1 25
57.8%
1.8%
Q4 24
-24.0%
Q3 24
58.1%
-11.5%
Q2 24
23.0%
Q1 24
40.6%
EPS (diluted)
RWT
RWT
SOAR
SOAR
Q4 25
$0.11
Q3 25
$-0.08
Q2 25
$-0.76
$0.75
Q1 25
$0.10
$0.03
Q4 24
$-0.08
Q3 24
$0.09
$-3.76
Q2 24
$0.10
Q1 24
$0.21

Balance Sheet & Financial Strength

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

Metric
RWT
RWT
SOAR
SOAR
Cash + ST InvestmentsLiquidity on hand
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$982.6M
$-7.1M
Total Assets
$23.7B
$13.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RWT
RWT
SOAR
SOAR
Q4 25
$255.7M
Q3 25
$226.3M
Q2 25
$302.0M
Q1 25
$259.9M
Q4 24
$245.2M
Q3 24
$253.7M
Q2 24
$275.6M
Q1 24
$275.4M
Total Debt
RWT
RWT
SOAR
SOAR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
RWT
RWT
SOAR
SOAR
Q4 25
$982.6M
Q3 25
$999.0M
Q2 25
$1.1B
$-7.1M
Q1 25
$1.2B
$-15.8M
Q4 24
$1.2B
Q3 24
$1.2B
$-19.6M
Q2 24
$1.2B
Q1 24
$1.2B
Total Assets
RWT
RWT
SOAR
SOAR
Q4 25
$23.7B
Q3 25
$22.6B
Q2 25
$21.3B
$13.0M
Q1 25
$19.9B
$23.4M
Q4 24
$18.3B
Q3 24
$18.4B
$47.9M
Q2 24
$16.5B
Q1 24
$15.1B
Debt / Equity
RWT
RWT
SOAR
SOAR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
1.39×

Cash Flow & Capital Efficiency

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

Metric
RWT
RWT
SOAR
SOAR
Operating Cash FlowLast quarter
$-10.1B
$848.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-504.15×
0.24×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RWT
RWT
SOAR
SOAR
Q4 25
$-10.1B
Q3 25
$-2.7B
Q2 25
$-2.1B
$848.0K
Q1 25
$-2.0B
$-312.0K
Q4 24
$-5.9B
Q3 24
$-2.1B
$-3.1M
Q2 24
$-2.0B
Q1 24
$-954.2M
Free Cash Flow
RWT
RWT
SOAR
SOAR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-3.2M
Q2 24
Q1 24
FCF Margin
RWT
RWT
SOAR
SOAR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-8.2%
Q2 24
Q1 24
Capex Intensity
RWT
RWT
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
RWT
RWT
SOAR
SOAR
Q4 25
-504.15×
Q3 25
Q2 25
0.24×
Q1 25
-120.92×
-0.69×
Q4 24
Q3 24
-140.86×
Q2 24
-126.56×
Q1 24
-31.53×

Financial Flow Comparison

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

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