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Side-by-side financial comparison of Volato Group, Inc. (SOAR) and TANDY LEATHER FACTORY INC (TLF). Click either name above to swap in a different company.

Volato Group, Inc. is the larger business by last-quarter revenue ($24.9M vs $22.3M, roughly 1.1× TANDY LEATHER FACTORY INC). Volato Group, Inc. runs the higher net margin — 14.5% vs -4.2%, a 18.7% gap on every dollar of revenue. On growth, Volato Group, Inc. posted the faster year-over-year revenue change (13632.0% vs 8.7%).

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

Tandy Leather Factory, Inc. is an American specialty retailer and wholesale distributor of leather and leatherwork related products. It operates more than 100 stores worldwide. Originally part of the Tandy Corporation, Tandy Leather has gone through a series of acquisitions and mergers, eventually being sold to The Leather Factory in 2000. The Tandy Leather flagship store next to their corporate headquarters in Fort Worth, Texas also houses the Al and Ann Stohlman Leathercraft Museum.

SOAR vs TLF — Head-to-Head

Bigger by revenue
SOAR
SOAR
1.1× larger
SOAR
$24.9M
$22.3M
TLF
Growing faster (revenue YoY)
SOAR
SOAR
+13623.4% gap
SOAR
13632.0%
8.7%
TLF
Higher net margin
SOAR
SOAR
18.7% more per $
SOAR
14.5%
-4.2%
TLF

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
SOAR
SOAR
TLF
TLF
Revenue
$24.9M
$22.3M
Net Profit
$3.6M
$-930.0K
Gross Margin
15.2%
54.3%
Operating Margin
3.5%
-2.8%
Net Margin
14.5%
-4.2%
Revenue YoY
13632.0%
8.7%
Net Profit YoY
121.3%
-379.3%
EPS (diluted)
$0.75
$-0.18

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
SOAR
SOAR
TLF
TLF
Q4 25
$22.3M
Q3 25
$17.3M
Q2 25
$24.9M
$17.8M
Q1 25
$25.5M
$19.0M
Q4 24
$20.5M
Q3 24
$38.5M
$17.4M
Q2 24
$17.3M
Q1 24
$19.3M
Net Profit
SOAR
SOAR
TLF
TLF
Q4 25
$-930.0K
Q3 25
$-1.4M
Q2 25
$3.6M
$-199.0K
Q1 25
$455.0K
$11.6M
Q4 24
$333.0K
Q3 24
$-4.4M
$-132.0K
Q2 24
$101.0K
Q1 24
$525.0K
Gross Margin
SOAR
SOAR
TLF
TLF
Q4 25
54.3%
Q3 25
58.9%
Q2 25
15.2%
59.5%
Q1 25
17.6%
56.3%
Q4 24
53.0%
Q3 24
16.6%
57.8%
Q2 24
58.0%
Q1 24
56.7%
Operating Margin
SOAR
SOAR
TLF
TLF
Q4 25
-2.8%
Q3 25
-3.9%
Q2 25
3.5%
0.4%
Q1 25
9.9%
1.4%
Q4 24
0.9%
Q3 24
5.5%
-1.5%
Q2 24
0.4%
Q1 24
3.4%
Net Margin
SOAR
SOAR
TLF
TLF
Q4 25
-4.2%
Q3 25
-7.8%
Q2 25
14.5%
-1.1%
Q1 25
1.8%
60.8%
Q4 24
1.6%
Q3 24
-11.5%
-0.8%
Q2 24
0.6%
Q1 24
2.7%
EPS (diluted)
SOAR
SOAR
TLF
TLF
Q4 25
$-0.18
Q3 25
$-0.17
Q2 25
$0.75
$-0.02
Q1 25
$0.03
$1.47
Q4 24
$0.04
Q3 24
$-3.76
$-0.02
Q2 24
$0.01
Q1 24
$0.06

Balance Sheet & Financial Strength

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

Metric
SOAR
SOAR
TLF
TLF
Cash + ST InvestmentsLiquidity on hand
$16.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-7.1M
$52.6M
Total Assets
$13.0M
$86.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SOAR
SOAR
TLF
TLF
Q4 25
$16.1M
Q3 25
$12.0M
Q2 25
$16.4M
Q1 25
$23.6M
Q4 24
$13.3M
Q3 24
$10.1M
Q2 24
$11.5M
Q1 24
$12.3M
Stockholders' Equity
SOAR
SOAR
TLF
TLF
Q4 25
$52.6M
Q3 25
$53.4M
Q2 25
$-7.1M
$56.1M
Q1 25
$-15.8M
$55.8M
Q4 24
$57.2M
Q3 24
$-19.6M
$57.6M
Q2 24
$57.5M
Q1 24
$57.2M
Total Assets
SOAR
SOAR
TLF
TLF
Q4 25
$86.6M
Q3 25
$84.5M
Q2 25
$13.0M
$76.5M
Q1 25
$23.4M
$77.9M
Q4 24
$74.9M
Q3 24
$47.9M
$73.0M
Q2 24
$72.8M
Q1 24
$72.4M

Cash Flow & Capital Efficiency

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

Metric
SOAR
SOAR
TLF
TLF
Operating Cash FlowLast quarter
$848.0K
$5.0M
Free Cash FlowOCF − Capex
$4.0M
FCF MarginFCF / Revenue
18.1%
Capex IntensityCapex / Revenue
0.0%
4.3%
Cash ConversionOCF / Net Profit
0.24×
TTM Free Cash FlowTrailing 4 quarters
$-8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SOAR
SOAR
TLF
TLF
Q4 25
$5.0M
Q3 25
$-1.0M
Q2 25
$848.0K
$-4.0M
Q1 25
$-312.0K
$-536.0K
Q4 24
$4.5M
Q3 24
$-3.1M
$-535.0K
Q2 24
$-514.0K
Q1 24
$1.1M
Free Cash Flow
SOAR
SOAR
TLF
TLF
Q4 25
$4.0M
Q3 25
$-3.0M
Q2 25
$-7.3M
Q1 25
$-1.9M
Q4 24
$3.8M
Q3 24
$-3.2M
$-1.4M
Q2 24
$-715.0K
Q1 24
$-141.0K
FCF Margin
SOAR
SOAR
TLF
TLF
Q4 25
18.1%
Q3 25
-17.2%
Q2 25
-41.0%
Q1 25
-9.8%
Q4 24
18.8%
Q3 24
-8.2%
-8.2%
Q2 24
-4.1%
Q1 24
-0.7%
Capex Intensity
SOAR
SOAR
TLF
TLF
Q4 25
4.3%
Q3 25
11.2%
Q2 25
0.0%
18.7%
Q1 25
0.0%
7.0%
Q4 24
3.3%
Q3 24
0.1%
5.1%
Q2 24
1.2%
Q1 24
6.4%
Cash Conversion
SOAR
SOAR
TLF
TLF
Q4 25
Q3 25
Q2 25
0.24×
Q1 25
-0.69×
-0.05×
Q4 24
13.55×
Q3 24
Q2 24
-5.09×
Q1 24
2.07×

Financial Flow Comparison

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

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