Latest Ratios: P/E Ratio 133.2x · EV/EBITDA 552.8x · ROE N/A. (2021–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Market Cap | $2.4B | $2.8B | $10M | $115M | $229M | — |
| Enterprise Value | $2.4B | $2.8B | $41M | $130M | $253M | — |
| P/E Ratio → | 133.17 | 533.33 | — | — | — | — |
| P/S Ratio | 30.23 | 35.74 | 0.22 | 3.24 | 2.37 | — |
| P/B Ratio | — | — | — | 7.80 | — | — |
| P/FCF | 723.87 | 855.71 | — | — | — | — |
| P/OCF | 680.13 | 804.00 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 35.73 | 0.89 | 3.66 | 2.62 | — |
| EV / EBITDA | 552.77 | 653.45 | — | — | — | — |
| EV / EBIT | 599.67 | 475.08 | — | — | — | — |
| EV / FCF | — | 855.60 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | 18.7% | 18.7% | 16.2% | 13.5% | 2.5% | 19.2% |
| Operating Margin | 5.0% | 5.0% | -20.2% | -12.5% | -9.5% | -207.9% |
| Net Profit Margin | 6.6% | 6.6% | -87.8% | -148.5% | -9.7% | -139.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | — | — | — | -1163.2% | -836.0% | -18.6% |
| ROA | 17.8% | 17.8% | -68.9% | -103.6% | -41.4% | -9.8% |
| ROIC | 47.9% | 47.9% | -31.5% | -13.8% | -45.0% | — |
| ROCE | — | — | -229.1% | -36.7% | -229.4% | -27.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 2.01 | — | 0.76 |
| Debt / EBITDA | 1.01 | 1.01 | — | — | — | — |
| Net Debt / Equity | — | — | — | 1.03 | — | 0.56 |
| Net Debt / EBITDA | -0.08 | -0.08 | — | — | — | — |
| Debt / FCF | — | -0.10 | — | — | — | — |
| Interest Coverage | 1.22 | 1.22 | -1.99 | -1.32 | -9.92 | -25.03 |
Net cash position: cash ($5M) exceeds total debt ($4M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.72 | 0.72 | 0.70 | 0.98 | 0.35 | 0.58 |
| Quick Ratio | 0.72 | 0.72 | 0.70 | 0.98 | 0.35 | 0.58 |
| Cash Ratio | 0.56 | 0.56 | 0.03 | 0.30 | 0.19 | 0.23 |
| Asset Turnover | — | 6.57 | 1.00 | 0.50 | 3.20 | 0.07 |
| Inventory Turnover | — | — | — | — | — | — |
| Days Sales Outstanding | — | 4.38 | 0.02 | 30.68 | 7.10 | 146.15 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | 0.8% | 0.2% | — | — | — | — |
| FCF Yield | 0.1% | 0.1% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $4.4B | $2M | $1M | $901510 | $1M |
Liquidity and solvency constraints
Based on current market data, SOAR trades at an EV/EBITDA of 581.14 and a P/S of 31.78, which appear disconnected from the company's underlying financial performance and suggest that investors are pricing in speculative growth rather than the reality of the firm's current earnings profile.
The extreme valuation multiples reflect a market that may be misinterpreting the company's high-growth phase as a sustainable long-term trajectory. Given the persistent net losses and the volatility in revenue recognition, these multiples likely overstate the company's intrinsic value and warrant significant caution for value-oriented investors.
As reported in financial statements, the company's gross margin has fluctuated between a negative 22.0% and a peak of 70.5%, indicating that the firm's true earning power remains elusive and highly sensitive to the timing of fractional share sales rather than consistent operational efficiency.
The wide variance in margins suggests that the business model is currently unable to achieve the scale necessary to absorb its fixed cost base. Investors should monitor whether the company can stabilize these margins as it matures, as the current erratic performance makes it difficult to forecast future profitability.
According to recent quarterly filings, the company's current ratio of 0.69 indicates a precarious liquidity position, suggesting that the firm may struggle to meet its short-term obligations without relying on external capital injections or the continued inflow of customer deposits to fund daily operations.
This liquidity profile is particularly concerning given the capital-intensive nature of the aviation industry and the need for constant maintenance and pilot staffing. The reliance on customer float as a primary source of working capital introduces significant risk should demand for fractional shares experience a sudden downturn.
The P/S ratio is frequently misapplied to SOAR's business model, as it fails to account for the lumpy nature of fractional share sales and the high fixed-cost structure that characterizes the company's operations compared to more traditional, recurring-revenue aviation service providers.
Investors should instead focus on metrics like Yield per Occupied Hour and Fleet Utilization, which provide a clearer picture of operational health. Relying on P/S obscures the underlying cash burn and the structural challenges of maintaining a mono-fleet in a high-inflation environment for aviation services.
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Quick answers to the most common questions about buying SOAR stock.
Volato Group, Inc.'s current P/E ratio is 133.2x. This places it at the 50th percentile of its historical range.
Volato Group, Inc.'s current EV/EBITDA is 552.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Based on historical data, Volato Group, Inc. is trading at a P/E of 133.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Volato Group, Inc. has 18.7% gross margin and 5.0% operating margin.
Volato Group, Inc.'s Debt/EBITDA ratio is 1.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.