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Side-by-side financial comparison of Volato Group, Inc. (SOAR) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

Volato Group, Inc. is the larger business by last-quarter revenue ($24.9M vs $19.1M, roughly 1.3× Americas Gold & Silver Corp). Volato Group, Inc. runs the higher net margin — 14.5% vs -82.3%, a 96.8% gap on every dollar of revenue. On growth, Volato Group, Inc. posted the faster year-over-year revenue change (13632.0% vs -28.0%).

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

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

SOAR vs USAS — Head-to-Head

Bigger by revenue
SOAR
SOAR
1.3× larger
SOAR
$24.9M
$19.1M
USAS
Growing faster (revenue YoY)
SOAR
SOAR
+13660.1% gap
SOAR
13632.0%
-28.0%
USAS
Higher net margin
SOAR
SOAR
96.8% more per $
SOAR
14.5%
-82.3%
USAS

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
SOAR
SOAR
USAS
USAS
Revenue
$24.9M
$19.1M
Net Profit
$3.6M
$-15.7M
Gross Margin
15.2%
34.2%
Operating Margin
3.5%
Net Margin
14.5%
-82.3%
Revenue YoY
13632.0%
-28.0%
Net Profit YoY
121.3%
2.8%
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
SOAR
SOAR
USAS
USAS
Q3 25
$19.1M
Q2 25
$24.9M
Q1 25
$25.5M
Q3 24
$38.5M
$26.5M
Q4 23
$3.2M
Q3 23
$3.7M
Q2 23
$13.0M
Q1 23
$15.7M
Net Profit
SOAR
SOAR
USAS
USAS
Q3 25
$-15.7M
Q2 25
$3.6M
Q1 25
$455.0K
Q3 24
$-4.4M
$-16.2M
Q4 23
Q3 23
$-11.8M
Q2 23
$-9.9M
Q1 23
$-7.5M
Gross Margin
SOAR
SOAR
USAS
USAS
Q3 25
34.2%
Q2 25
15.2%
Q1 25
17.6%
Q3 24
16.6%
23.6%
Q4 23
Q3 23
8.7%
Q2 23
-24.2%
Q1 23
-10.8%
Operating Margin
SOAR
SOAR
USAS
USAS
Q3 25
Q2 25
3.5%
Q1 25
9.9%
Q3 24
5.5%
Q4 23
Q3 23
-50.2%
Q2 23
-71.3%
Q1 23
-50.5%
Net Margin
SOAR
SOAR
USAS
USAS
Q3 25
-82.3%
Q2 25
14.5%
Q1 25
1.8%
Q3 24
-11.5%
-60.9%
Q4 23
Q3 23
-323.6%
Q2 23
-75.8%
Q1 23
-48.0%
EPS (diluted)
SOAR
SOAR
USAS
USAS
Q3 25
Q2 25
$0.75
Q1 25
$0.03
Q3 24
$-3.76
Q4 23
Q3 23
$-0.71
Q2 23
$-0.86
Q1 23
$-0.67

Balance Sheet & Financial Strength

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

Metric
SOAR
SOAR
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$39.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-7.1M
$50.2M
Total Assets
$13.0M
$234.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SOAR
SOAR
USAS
USAS
Q3 25
$39.1M
Q2 25
Q1 25
Q3 24
Q4 23
Q3 23
Q2 23
Q1 23
Stockholders' Equity
SOAR
SOAR
USAS
USAS
Q3 25
$50.2M
Q2 25
$-7.1M
Q1 25
$-15.8M
Q3 24
$-19.6M
$53.1M
Q4 23
$14.8M
Q3 23
$-34.8M
Q2 23
$-23.0M
Q1 23
$-13.2M
Total Assets
SOAR
SOAR
USAS
USAS
Q3 25
$234.7M
Q2 25
$13.0M
Q1 25
$23.4M
Q3 24
$47.9M
Q4 23
$71.7M
Q3 23
$70.4M
Q2 23
$70.9M
Q1 23
$289.8M

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
USAS
USAS
Operating Cash FlowLast quarter
$848.0K
$-12.5M
Free Cash FlowOCF − Capex
$-41.3M
FCF MarginFCF / Revenue
-216.5%
Capex IntensityCapex / Revenue
0.0%
150.8%
Cash ConversionOCF / Net Profit
0.24×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SOAR
SOAR
USAS
USAS
Q3 25
$-12.5M
Q2 25
$848.0K
Q1 25
$-312.0K
Q3 24
$-3.1M
$2.4M
Q4 23
$-30.4M
Q3 23
$-10.9M
Q2 23
$-5.6M
Q1 23
$-7.6M
Free Cash Flow
SOAR
SOAR
USAS
USAS
Q3 25
$-41.3M
Q2 25
Q1 25
Q3 24
$-3.2M
$-11.2M
Q4 23
$-31.0M
Q3 23
$-11.1M
Q2 23
$-5.9M
Q1 23
$-7.9M
FCF Margin
SOAR
SOAR
USAS
USAS
Q3 25
-216.5%
Q2 25
Q1 25
Q3 24
-8.2%
-42.2%
Q4 23
-958.0%
Q3 23
-304.7%
Q2 23
-45.6%
Q1 23
-50.3%
Capex Intensity
SOAR
SOAR
USAS
USAS
Q3 25
150.8%
Q2 25
0.0%
Q1 25
0.0%
Q3 24
0.1%
51.2%
Q4 23
19.7%
Q3 23
7.4%
Q2 23
2.2%
Q1 23
1.7%
Cash Conversion
SOAR
SOAR
USAS
USAS
Q3 25
Q2 25
0.24×
Q1 25
-0.69×
Q3 24
Q4 23
Q3 23
Q2 23
Q1 23

Financial Flow Comparison

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

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