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Side-by-side financial comparison of Amphastar Pharmaceuticals, Inc. (AMPH) 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 $183.1M, roughly 1.0× Amphastar Pharmaceuticals, Inc.). Amphastar Pharmaceuticals, Inc. runs the higher net margin — 13.3% vs -15.7%, a 29.0% gap on every dollar of revenue. On growth, Amphastar Pharmaceuticals, Inc. posted the faster year-over-year revenue change (-1.8% vs -10.2%). Amphastar Pharmaceuticals, Inc. produced more free cash flow last quarter ($24.6M vs $-58.3M). Over the past eight quarters, Amphastar Pharmaceuticals, Inc.'s revenue compounded faster (3.2% CAGR vs -3.4%).

Amphastar Pharmaceuticals is a publicly traded American speciality pharmaceutical company. It was incorporated in May 2004 and primarily develops, manufactures, and sells inhalation and intranasal products.

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.

AMPH vs UP — Head-to-Head

Bigger by revenue
UP
UP
1.0× larger
UP
$183.8M
$183.1M
AMPH
Growing faster (revenue YoY)
AMPH
AMPH
+8.4% gap
AMPH
-1.8%
-10.2%
UP
Higher net margin
AMPH
AMPH
29.0% more per $
AMPH
13.3%
-15.7%
UP
More free cash flow
AMPH
AMPH
$82.8M more FCF
AMPH
$24.6M
$-58.3M
UP
Faster 2-yr revenue CAGR
AMPH
AMPH
Annualised
AMPH
3.2%
-3.4%
UP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMPH
AMPH
UP
UP
Revenue
$183.1M
$183.8M
Net Profit
$24.4M
$-28.9M
Gross Margin
46.8%
14.3%
Operating Margin
19.4%
-0.9%
Net Margin
13.3%
-15.7%
Revenue YoY
-1.8%
-10.2%
Net Profit YoY
-35.7%
67.0%
EPS (diluted)
$0.51
$-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
AMPH
AMPH
UP
UP
Q4 25
$183.1M
$183.8M
Q3 25
$191.8M
$185.5M
Q2 25
$174.4M
$189.6M
Q1 25
$170.5M
$177.5M
Q4 24
$186.5M
$204.8M
Q3 24
$191.2M
$193.9M
Q2 24
$182.4M
$196.3M
Q1 24
$171.8M
$197.1M
Net Profit
AMPH
AMPH
UP
UP
Q4 25
$24.4M
$-28.9M
Q3 25
$17.4M
$-83.7M
Q2 25
$31.0M
$-82.3M
Q1 25
$25.3M
$-99.3M
Q4 24
$38.0M
$-87.5M
Q3 24
$40.4M
$-57.7M
Q2 24
$37.9M
$-97.0M
Q1 24
$43.2M
$-97.4M
Gross Margin
AMPH
AMPH
UP
UP
Q4 25
46.8%
14.3%
Q3 25
51.4%
6.8%
Q2 25
49.6%
8.3%
Q1 25
50.0%
10.8%
Q4 24
46.5%
13.9%
Q3 24
53.3%
13.9%
Q2 24
52.2%
2.3%
Q1 24
52.4%
-0.6%
Operating Margin
AMPH
AMPH
UP
UP
Q4 25
19.4%
-0.9%
Q3 25
13.2%
-33.1%
Q2 25
24.2%
-31.4%
Q1 25
21.9%
-45.5%
Q4 24
24.2%
-26.0%
Q3 24
29.8%
-21.6%
Q2 24
30.3%
-40.3%
Q1 24
27.9%
-42.9%
Net Margin
AMPH
AMPH
UP
UP
Q4 25
13.3%
-15.7%
Q3 25
9.0%
-45.1%
Q2 25
17.8%
-43.4%
Q1 25
14.8%
-55.9%
Q4 24
20.4%
-42.7%
Q3 24
21.1%
-29.8%
Q2 24
20.8%
-49.4%
Q1 24
25.1%
-49.4%
EPS (diluted)
AMPH
AMPH
UP
UP
Q4 25
$0.51
$-0.04
Q3 25
$0.37
$-0.12
Q2 25
$0.64
$-0.12
Q1 25
$0.51
$-0.14
Q4 24
$0.74
$-0.13
Q3 24
$0.78
$-0.08
Q2 24
$0.73
$-0.14
Q1 24
$0.81
$-0.14

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
UP
UP
Cash + ST InvestmentsLiquidity on hand
$282.8M
$133.9M
Total DebtLower is stronger
$608.7M
$671.3M
Stockholders' EquityBook value
$788.8M
$-392.1M
Total Assets
$1.6B
$968.8M
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
UP
UP
Q4 25
$282.8M
$133.9M
Q3 25
$276.2M
$125.3M
Q2 25
$231.8M
$107.0M
Q1 25
$236.9M
$171.8M
Q4 24
$221.6M
$216.4M
Q3 24
$250.5M
$115.9M
Q2 24
$217.8M
$141.5M
Q1 24
$289.6M
$180.9M
Total Debt
AMPH
AMPH
UP
UP
Q4 25
$608.7M
$671.3M
Q3 25
$608.6M
$766.5M
Q2 25
$607.7M
$770.5M
Q1 25
$603.9M
$765.8M
Q4 24
$601.6M
$761.3M
Q3 24
$596.4M
$596.9M
Q2 24
$586.9M
$597.4M
Q1 24
$594.0M
$603.2M
Stockholders' Equity
AMPH
AMPH
UP
UP
Q4 25
$788.8M
$-392.1M
Q3 25
$776.7M
$-374.5M
Q2 25
$757.5M
$-347.8M
Q1 25
$751.3M
$-288.1M
Q4 24
$732.3M
$-202.1M
Q3 24
$727.7M
$-117.7M
Q2 24
$713.3M
$-72.2M
Q1 24
$672.4M
$936.0K
Total Assets
AMPH
AMPH
UP
UP
Q4 25
$1.6B
$968.8M
Q3 25
$1.7B
$973.0M
Q2 25
$1.6B
$1.0B
Q1 25
$1.6B
$1.1B
Q4 24
$1.6B
$1.2B
Q3 24
$1.5B
$1.0B
Q2 24
$1.5B
$1.1B
Q1 24
$1.6B
$1.2B
Debt / Equity
AMPH
AMPH
UP
UP
Q4 25
0.77×
Q3 25
0.78×
Q2 25
0.80×
Q1 25
0.80×
Q4 24
0.82×
Q3 24
0.82×
Q2 24
0.82×
Q1 24
0.88×
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
AMPH
AMPH
UP
UP
Operating Cash FlowLast quarter
$32.9M
$-18.4M
Free Cash FlowOCF − Capex
$24.6M
$-58.3M
FCF MarginFCF / Revenue
13.4%
-31.7%
Capex IntensityCapex / Revenue
4.5%
21.7%
Cash ConversionOCF / Net Profit
1.35×
TTM Free Cash FlowTrailing 4 quarters
$121.2M
$-259.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
UP
UP
Q4 25
$32.9M
$-18.4M
Q3 25
$52.6M
$-37.1M
Q2 25
$35.6M
$-62.9M
Q1 25
$35.1M
$-47.9M
Q4 24
$29.0M
$37.9M
Q3 24
$60.0M
$-16.9M
Q2 24
$69.1M
$-25.2M
Q1 24
$55.3M
$-73.8M
Free Cash Flow
AMPH
AMPH
UP
UP
Q4 25
$24.6M
$-58.3M
Q3 25
$47.2M
$-60.4M
Q2 25
$25.0M
$-78.6M
Q1 25
$24.4M
$-62.6M
Q4 24
$16.6M
$-70.2M
Q3 24
$46.2M
$-21.9M
Q2 24
$63.1M
$-30.8M
Q1 24
$46.5M
$-77.8M
FCF Margin
AMPH
AMPH
UP
UP
Q4 25
13.4%
-31.7%
Q3 25
24.6%
-32.6%
Q2 25
14.3%
-41.5%
Q1 25
14.3%
-35.3%
Q4 24
8.9%
-34.3%
Q3 24
24.1%
-11.3%
Q2 24
34.6%
-15.7%
Q1 24
27.1%
-39.5%
Capex Intensity
AMPH
AMPH
UP
UP
Q4 25
4.5%
21.7%
Q3 25
2.8%
12.5%
Q2 25
6.1%
8.3%
Q1 25
6.3%
8.3%
Q4 24
6.7%
52.8%
Q3 24
7.2%
2.6%
Q2 24
3.3%
2.9%
Q1 24
5.1%
2.0%
Cash Conversion
AMPH
AMPH
UP
UP
Q4 25
1.35×
Q3 25
3.03×
Q2 25
1.15×
Q1 25
1.39×
Q4 24
0.76×
Q3 24
1.48×
Q2 24
1.82×
Q1 24
1.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMPH
AMPH

Other Products$62.4M34%
Baqsimi$46.7M26%
Primatenemist$27.9M15%
Epinephrine$17.1M9%
Lidocaine$14.9M8%
Glucagon$14.1M8%

UP
UP

Segment breakdown not available.

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