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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.

Wheels Up Experience Inc. is the larger business by last-quarter revenue ($183.8M vs $172.2M, roughly 1.1× Acadian Asset Management Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs -15.7%, a 35.9% gap on every dollar of revenue. On growth, Acadian Asset Management Inc. posted the faster year-over-year revenue change (2.6% vs -10.2%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs -3.4%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.

AAMI vs UP — Head-to-Head

Bigger by revenue
UP
UP
1.1× larger
UP
$183.8M
$172.2M
AAMI
Growing faster (revenue YoY)
AAMI
AAMI
+12.9% gap
AAMI
2.6%
-10.2%
UP
Higher net margin
AAMI
AAMI
35.9% more per $
AAMI
20.2%
-15.7%
UP
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
-3.4%
UP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AAMI
AAMI
UP
UP
Revenue
$172.2M
$183.8M
Net Profit
$34.7M
$-28.9M
Gross Margin
14.3%
Operating Margin
33.3%
-0.9%
Net Margin
20.2%
-15.7%
Revenue YoY
2.6%
-10.2%
Net Profit YoY
-18.4%
67.0%
EPS (diluted)
$0.97
$-0.04

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
AAMI
AAMI
UP
UP
Q4 25
$172.2M
$183.8M
Q3 25
$144.2M
$185.5M
Q2 25
$127.4M
$189.6M
Q1 25
$119.9M
$177.5M
Q4 24
$167.8M
$204.8M
Q3 24
$123.1M
$193.9M
Q2 24
$109.0M
$196.3M
Q1 24
$105.7M
$197.1M
Net Profit
AAMI
AAMI
UP
UP
Q4 25
$34.7M
$-28.9M
Q3 25
$15.1M
$-83.7M
Q2 25
$10.1M
$-82.3M
Q1 25
$20.1M
$-99.3M
Q4 24
$42.5M
$-87.5M
Q3 24
$16.9M
$-57.7M
Q2 24
$11.0M
$-97.0M
Q1 24
$14.6M
$-97.4M
Gross Margin
AAMI
AAMI
UP
UP
Q4 25
14.3%
Q3 25
6.8%
Q2 25
8.3%
Q1 25
10.8%
Q4 24
13.9%
Q3 24
13.9%
Q2 24
2.3%
Q1 24
-0.6%
Operating Margin
AAMI
AAMI
UP
UP
Q4 25
33.3%
-0.9%
Q3 25
18.4%
-33.1%
Q2 25
12.7%
-31.4%
Q1 25
26.6%
-45.5%
Q4 24
38.7%
-26.0%
Q3 24
21.9%
-21.6%
Q2 24
18.9%
-40.3%
Q1 24
21.7%
-42.9%
Net Margin
AAMI
AAMI
UP
UP
Q4 25
20.2%
-15.7%
Q3 25
10.5%
-45.1%
Q2 25
7.9%
-43.4%
Q1 25
16.8%
-55.9%
Q4 24
25.3%
-42.7%
Q3 24
13.7%
-29.8%
Q2 24
10.1%
-49.4%
Q1 24
13.8%
-49.4%
EPS (diluted)
AAMI
AAMI
UP
UP
Q4 25
$0.97
$-0.04
Q3 25
$0.42
$-0.12
Q2 25
$0.28
$-0.12
Q1 25
$0.54
$-0.14
Q4 24
$1.11
$-0.13
Q3 24
$0.45
$-0.08
Q2 24
$0.29
$-0.14
Q1 24
$0.37
$-0.14

Balance Sheet & Financial Strength

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

Metric
AAMI
AAMI
UP
UP
Cash + ST InvestmentsLiquidity on hand
$133.9M
Total DebtLower is stronger
$200.0M
$671.3M
Stockholders' EquityBook value
$-392.1M
Total Assets
$677.0M
$968.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
UP
UP
Q4 25
$133.9M
Q3 25
$125.3M
Q2 25
$107.0M
Q1 25
$171.8M
Q4 24
$216.4M
Q3 24
$115.9M
Q2 24
$141.5M
Q1 24
$180.9M
Total Debt
AAMI
AAMI
UP
UP
Q4 25
$200.0M
$671.3M
Q3 25
$766.5M
Q2 25
$770.5M
Q1 25
$765.8M
Q4 24
$275.0M
$761.3M
Q3 24
$596.9M
Q2 24
$597.4M
Q1 24
$603.2M
Stockholders' Equity
AAMI
AAMI
UP
UP
Q4 25
$-392.1M
Q3 25
$-374.5M
Q2 25
$-347.8M
Q1 25
$-288.1M
Q4 24
$-202.1M
Q3 24
$-117.7M
Q2 24
$-72.2M
Q1 24
$936.0K
Total Assets
AAMI
AAMI
UP
UP
Q4 25
$677.0M
$968.8M
Q3 25
$751.4M
$973.0M
Q2 25
$672.3M
$1.0B
Q1 25
$677.3M
$1.1B
Q4 24
$703.2M
$1.2B
Q3 24
$555.2M
$1.0B
Q2 24
$533.1M
$1.1B
Q1 24
$544.9M
$1.2B
Debt / Equity
AAMI
AAMI
UP
UP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
644.43×

Cash Flow & Capital Efficiency

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

Metric
AAMI
AAMI
UP
UP
Operating Cash FlowLast quarter
$-2.4M
$-18.4M
Free Cash FlowOCF − Capex
$-58.3M
FCF MarginFCF / Revenue
-31.7%
Capex IntensityCapex / Revenue
21.7%
Cash ConversionOCF / Net Profit
-0.07×
TTM Free Cash FlowTrailing 4 quarters
$-259.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
UP
UP
Q4 25
$-2.4M
$-18.4M
Q3 25
$-23.9M
$-37.1M
Q2 25
$61.6M
$-62.9M
Q1 25
$-48.8M
$-47.9M
Q4 24
$55.8M
$37.9M
Q3 24
$69.6M
$-16.9M
Q2 24
$45.7M
$-25.2M
Q1 24
$-40.4M
$-73.8M
Free Cash Flow
AAMI
AAMI
UP
UP
Q4 25
$-58.3M
Q3 25
$-60.4M
Q2 25
$-78.6M
Q1 25
$-62.6M
Q4 24
$-70.2M
Q3 24
$-21.9M
Q2 24
$-30.8M
Q1 24
$-77.8M
FCF Margin
AAMI
AAMI
UP
UP
Q4 25
-31.7%
Q3 25
-32.6%
Q2 25
-41.5%
Q1 25
-35.3%
Q4 24
-34.3%
Q3 24
-11.3%
Q2 24
-15.7%
Q1 24
-39.5%
Capex Intensity
AAMI
AAMI
UP
UP
Q4 25
21.7%
Q3 25
12.5%
Q2 25
8.3%
Q1 25
8.3%
Q4 24
52.8%
Q3 24
2.6%
Q2 24
2.9%
Q1 24
2.0%
Cash Conversion
AAMI
AAMI
UP
UP
Q4 25
-0.07×
Q3 25
-1.58×
Q2 25
6.10×
Q1 25
-2.43×
Q4 24
1.31×
Q3 24
4.12×
Q2 24
4.15×
Q1 24
-2.77×

Financial Flow Comparison

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

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