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Volato vs Bristow: revenue, profit, margins and growth compared

Volato brought in $78.6M of revenue in fiscal 2025, Bristow $1.5B in fiscal 2025. Revenue changed by +101.1% at Volato and +5.3% at Bristow on the year before, so Volato grew faster. Volato kept 6.6% of its revenue as net profit, Bristow 8.7%. Free cash flow was $3.3M at Volato and $56.4M at Bristow.

Side by side, latest fiscal year

SOARVTOL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$78.6M$1.5B
Revenue growth+101.1%+5.3%
Net income$5.2M$129.1M
Net margin6.6%8.7%
Free cash flow$3.3M$56.4M
Free cash flow margin4.2%3.8%
Earnings per share (diluted)$1.18$4.32
Cash$0$286.2M
Debtn/a$671.5M
Price to earnings0.39.8
Market value$18.9M$1.2B
Dividend yieldn/an/a
Rank by revenue in sector#775 of 1065 · Consumer discretionary#416 of 1065 · Consumer discretionary

Over the years

Revenue
SOAR FY2022: $96.7MSOAR FY2023: $35.6MSOAR FY2024: $39.1MSOAR FY2025: $78.6MVTOL FY2019: $1.4BVTOL FY2019: $226.1MVTOL FY2021: $1.2BVTOL FY2022: $1.2BVTOL FY2022: $1.2BVTOL FY2023: $1.3BVTOL FY2024: $1.4BVTOL FY2025: $1.5BFY19FY21FY22FY23FY24FY25
SOAR $78.6MVTOL $1.5B
Net income
SOAR FY2022: -$9.4MSOAR FY2023: -$52.8MSOAR FY2024: -$40.6MSOAR FY2025: $5.2MVTOL FY2019: -$336.8MVTOL FY2019: -$3.6MVTOL FY2021: -$56.1MVTOL FY2022: -$15.8MVTOL FY2022: $9.2MVTOL FY2023: -$6.8MVTOL FY2024: $94.8MVTOL FY2025: $129.1MFY19FY21FY22FY23FY24FY25
SOAR $5.2MVTOL $129.1M
Net margin
SOAR FY2022: -9.7%SOAR FY2023: -148.5%SOAR FY2024: -104.0%SOAR FY2025: 6.6%VTOL FY2019: -24.6%VTOL FY2019: -1.6%VTOL FY2021: -4.8%VTOL FY2022: -1.3%VTOL FY2022: 0.8%VTOL FY2023: -0.5%VTOL FY2024: 6.7%VTOL FY2025: 8.7%FY19FY21FY22FY23FY24FY25
SOAR 6.6%VTOL 8.7%
Revenue growth
SOAR FY2023: -63.2%SOAR FY2024: +9.8%SOAR FY2025: +101.1%VTOL FY2019: -83.5%VTOL FY2022: +0.6%VTOL FY2022: +2.1%VTOL FY2023: +7.2%VTOL FY2024: +9.1%VTOL FY2025: +5.3%FY19FY22FY23FY24FY25
SOAR +101.1%VTOL +5.3%
Free cash flow
SOAR FY2022: -$21.7MSOAR FY2023: -$31MSOAR FY2024: -$17.1MSOAR FY2025: $3.3MVTOL FY2019: -$150.3MVTOL FY2019: $21MVTOL FY2021: $82MVTOL FY2022: $92.8MVTOL FY2023: -$49.5MVTOL FY2024: -$78MVTOL FY2025: $56.4MFY19FY21FY22FY23FY24FY25
SOAR $3.3MVTOL $56.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Volato and Bristow

Which is bigger by revenue, Volato or Bristow?

Bristow is bigger by revenue: $1.5B in fiscal 2025, against $78.6M for Volato in fiscal 2025.

Which keeps more of its revenue as profit, Volato or Bristow?

Volato had a net margin of 6.6% in fiscal 2025; Bristow had 8.7% in fiscal 2025.

Which grew revenue faster, Volato or Bristow?

In their latest fiscal years revenue changed by +101.1% at Volato and +5.3% at Bristow.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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