vs
Side-by-side financial comparison of Volato Group, Inc. (SOAR) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
Bristow Group Inc. is the larger business by last-quarter revenue ($377.3M vs $381.0K, roughly 990.2× Volato Group, Inc.). Volato Group, Inc. runs the higher net margin — 1875.3% vs 4.9%, a 1870.4% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs -99.0%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $-3.0M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs -67.7%).
Volato Aeronaves also known as Volato Aeronaves e Compósitos Ltda is a Brazilian aircraft manufacturer.
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.
SOAR vs VTOL — Head-to-Head
Income Statement — Q3 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $381.0K | $377.3M |
| Net Profit | $7.1M | $18.4M |
| Gross Margin | 67.7% | — |
| Operating Margin | -673.0% | 8.5% |
| Net Margin | 1875.3% | 4.9% |
| Revenue YoY | -99.0% | 6.7% |
| Net Profit YoY | 261.1% | -42.1% |
| EPS (diluted) | $1.26 | $0.61 |
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.
| Q4 25 | — | $377.3M | ||
| Q3 25 | $381.0K | $386.3M | ||
| Q2 25 | $24.9M | $376.4M | ||
| Q1 25 | $25.5M | $350.5M | ||
| Q4 24 | — | $353.5M | ||
| Q3 24 | $38.5M | $365.1M | ||
| Q2 24 | $181.0K | $359.7M | ||
| Q1 24 | $48.0K | $337.1M |
| Q4 25 | — | $18.4M | ||
| Q3 25 | $7.1M | $51.5M | ||
| Q2 25 | $3.6M | $31.7M | ||
| Q1 25 | $455.0K | $27.4M | ||
| Q4 24 | — | $31.8M | ||
| Q3 24 | $-4.4M | $28.2M | ||
| Q2 24 | $-16.9M | $28.2M | ||
| Q1 24 | $-17.4M | $6.6M |
| Q4 25 | — | — | ||
| Q3 25 | 67.7% | — | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.6% | — | ||
| Q2 24 | 81.2% | — | ||
| Q1 24 | -8.3% | — |
| Q4 25 | — | 8.5% | ||
| Q3 25 | -673.0% | 13.1% | ||
| Q2 25 | 3.5% | 11.3% | ||
| Q1 25 | 9.9% | 9.6% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | 5.5% | 9.1% | ||
| Q2 24 | -2017.1% | 12.4% | ||
| Q1 24 | -9029.2% | 6.8% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | 1875.3% | 13.3% | ||
| Q2 25 | 14.5% | 8.4% | ||
| Q1 25 | 1.8% | 7.8% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | -11.5% | 7.7% | ||
| Q2 24 | -9347.0% | 7.8% | ||
| Q1 24 | -36229.2% | 2.0% |
| Q4 25 | — | $0.61 | ||
| Q3 25 | $1.26 | $1.72 | ||
| Q2 25 | $0.75 | $1.07 | ||
| Q1 25 | $0.03 | $0.92 | ||
| Q4 24 | — | $1.07 | ||
| Q3 24 | $-3.76 | $0.95 | ||
| Q2 24 | $-14.41 | $0.96 | ||
| Q1 24 | $-14.93 | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $4.1M | $1.1B |
| Total Assets | $13.6M | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $286.2M | ||
| Q3 25 | — | $245.5M | ||
| Q2 25 | — | $251.8M | ||
| Q1 25 | — | $191.1M | ||
| Q4 24 | — | $247.5M | ||
| Q3 24 | — | $200.3M | ||
| Q2 24 | — | $178.6M | ||
| Q1 24 | — | $140.6M |
| Q4 25 | — | $671.5M | ||
| Q3 25 | — | $675.0M | ||
| Q2 25 | — | $705.2M | ||
| Q1 25 | — | $701.9M | ||
| Q4 24 | — | $689.8M | ||
| Q3 24 | — | $629.1M | ||
| Q2 24 | — | $594.2M | ||
| Q1 24 | — | $544.1M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | $4.1M | $1.0B | ||
| Q2 25 | $-7.1M | $984.4M | ||
| Q1 25 | $-15.8M | $931.7M | ||
| Q4 24 | — | $891.7M | ||
| Q3 24 | $-19.6M | $899.2M | ||
| Q2 24 | $-15.0M | $849.1M | ||
| Q1 24 | $1.7M | $820.7M |
| Q4 25 | — | $2.3B | ||
| Q3 25 | $13.6M | $2.3B | ||
| Q2 25 | $13.0M | $2.3B | ||
| Q1 25 | $23.4M | $2.2B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | $47.9M | $2.1B | ||
| Q2 24 | $65.3M | $2.0B | ||
| Q1 24 | $68.2M | $1.9B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.77× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.66× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-3.0M | $76.9M |
| Free Cash FlowOCF − Capex | $-3.0M | $47.8M |
| FCF MarginFCF / Revenue | -799.7% | 12.7% |
| Capex IntensityCapex / Revenue | 18.1% | 7.7% |
| Cash ConversionOCF / Net Profit | -0.42× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $76.9M | ||
| Q3 25 | $-3.0M | $23.1M | ||
| Q2 25 | $848.0K | $99.0M | ||
| Q1 25 | $-312.0K | $-603.0K | ||
| Q4 24 | — | $51.1M | ||
| Q3 24 | $-3.1M | $66.0M | ||
| Q2 24 | $330.0K | $33.7M | ||
| Q1 24 | $-7.7M | $26.7M |
| Q4 25 | — | $47.8M | ||
| Q3 25 | $-3.0M | $-6.2M | ||
| Q2 25 | — | $67.4M | ||
| Q1 25 | — | $-52.7M | ||
| Q4 24 | — | $-32.4M | ||
| Q3 24 | $-3.2M | $9.0M | ||
| Q2 24 | $276.0K | $-16.7M | ||
| Q1 24 | $-7.8M | $-37.9M |
| Q4 25 | — | 12.7% | ||
| Q3 25 | -799.7% | -1.6% | ||
| Q2 25 | — | 17.9% | ||
| Q1 25 | — | -15.0% | ||
| Q4 24 | — | -9.2% | ||
| Q3 24 | -8.2% | 2.5% | ||
| Q2 24 | 152.5% | -4.6% | ||
| Q1 24 | -16152.1% | -11.2% |
| Q4 25 | — | 7.7% | ||
| Q3 25 | 18.1% | 7.6% | ||
| Q2 25 | 0.0% | 8.4% | ||
| Q1 25 | 0.0% | 14.9% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | 0.1% | 15.6% | ||
| Q2 24 | 29.8% | 14.0% | ||
| Q1 24 | 116.7% | 19.2% |
| Q4 25 | — | 4.17× | ||
| Q3 25 | -0.42× | 0.45× | ||
| Q2 25 | 0.24× | 3.12× | ||
| Q1 25 | -0.69× | -0.02× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SOAR
Segment breakdown not available.
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
