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Side-by-side financial comparison of Andersons, Inc. (ANDE) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $183.8M, roughly 1.8× Wheels Up Experience Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs -15.7%, a 36.2% gap on every dollar of revenue. On growth, Andersons, Inc. posted the faster year-over-year revenue change (-2.4% vs -10.2%). Wheels Up Experience Inc. produced more free cash flow last quarter ($-58.3M vs $-77.1M). Over the past eight quarters, Andersons, Inc.'s revenue compounded faster (-1.8% CAGR vs -3.4%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
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.
ANDE vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $183.8M |
| Net Profit | $67.4M | $-28.9M |
| Gross Margin | 70.3% | 14.3% |
| Operating Margin | 26.6% | -0.9% |
| Net Margin | 20.5% | -15.7% |
| Revenue YoY | -2.4% | -10.2% |
| Net Profit YoY | 49.6% | 67.0% |
| EPS (diluted) | — | $-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.
| Q4 25 | $329.5M | $183.8M | ||
| Q3 25 | $295.8M | $185.5M | ||
| Q2 25 | $535.0M | $189.6M | ||
| Q1 25 | $370.8M | $177.5M | ||
| Q4 24 | $337.5M | $204.8M | ||
| Q3 24 | $231.9M | $193.9M | ||
| Q2 24 | $492.5M | $196.3M | ||
| Q1 24 | $341.4M | $197.1M |
| Q4 25 | $67.4M | $-28.9M | ||
| Q3 25 | $20.1M | $-83.7M | ||
| Q2 25 | $7.9M | $-82.3M | ||
| Q1 25 | $284.0K | $-99.3M | ||
| Q4 24 | $45.1M | $-87.5M | ||
| Q3 24 | $27.4M | $-57.7M | ||
| Q2 24 | $36.0M | $-97.0M | ||
| Q1 24 | $5.6M | $-97.4M |
| Q4 25 | 70.3% | 14.3% | ||
| Q3 25 | 57.8% | 6.8% | ||
| Q2 25 | 29.6% | 8.3% | ||
| Q1 25 | 41.2% | 10.8% | ||
| Q4 24 | 63.1% | 13.9% | ||
| Q3 24 | 76.4% | 13.9% | ||
| Q2 24 | 35.6% | 2.3% | ||
| Q1 24 | 37.6% | -0.6% |
| Q4 25 | 26.6% | -0.9% | ||
| Q3 25 | 8.7% | -33.1% | ||
| Q2 25 | 4.6% | -31.4% | ||
| Q1 25 | 0.9% | -45.5% | ||
| Q4 24 | 19.9% | -26.0% | ||
| Q3 24 | 26.8% | -21.6% | ||
| Q2 24 | 11.6% | -40.3% | ||
| Q1 24 | 4.1% | -42.9% |
| Q4 25 | 20.5% | -15.7% | ||
| Q3 25 | 6.8% | -45.1% | ||
| Q2 25 | 1.5% | -43.4% | ||
| Q1 25 | 0.1% | -55.9% | ||
| Q4 24 | 13.4% | -42.7% | ||
| Q3 24 | 11.8% | -29.8% | ||
| Q2 24 | 7.3% | -49.4% | ||
| Q1 24 | 1.6% | -49.4% |
| Q4 25 | — | $-0.04 | ||
| Q3 25 | $0.59 | $-0.12 | ||
| Q2 25 | $0.23 | $-0.12 | ||
| Q1 25 | $0.01 | $-0.14 | ||
| Q4 24 | $1.31 | $-0.13 | ||
| Q3 24 | $0.80 | $-0.08 | ||
| Q2 24 | $1.05 | $-0.14 | ||
| Q1 24 | $0.16 | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $98.3M | $133.9M |
| Total DebtLower is stronger | $560.0M | $671.3M |
| Stockholders' EquityBook value | $1.2B | $-392.1M |
| Total Assets | $3.7B | $968.8M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $133.9M | ||
| Q3 25 | — | $125.3M | ||
| Q2 25 | — | $107.0M | ||
| Q1 25 | — | $171.8M | ||
| Q4 24 | $561.8M | $216.4M | ||
| Q3 24 | — | $115.9M | ||
| Q2 24 | — | $141.5M | ||
| Q1 24 | — | $180.9M |
| Q4 25 | $560.0M | $671.3M | ||
| Q3 25 | — | $766.5M | ||
| Q2 25 | — | $770.5M | ||
| Q1 25 | — | $765.8M | ||
| Q4 24 | $608.2M | $761.3M | ||
| Q3 24 | — | $596.9M | ||
| Q2 24 | — | $597.4M | ||
| Q1 24 | — | $603.2M |
| Q4 25 | $1.2B | $-392.1M | ||
| Q3 25 | $1.2B | $-374.5M | ||
| Q2 25 | $1.4B | $-347.8M | ||
| Q1 25 | $1.4B | $-288.1M | ||
| Q4 24 | $1.4B | $-202.1M | ||
| Q3 24 | $1.3B | $-117.7M | ||
| Q2 24 | $1.3B | $-72.2M | ||
| Q1 24 | $1.3B | $936.0K |
| Q4 25 | $3.7B | $968.8M | ||
| Q3 25 | $3.3B | $973.0M | ||
| Q2 25 | $3.4B | $1.0B | ||
| Q1 25 | $3.8B | $1.1B | ||
| Q4 24 | $4.1B | $1.2B | ||
| Q3 24 | $3.4B | $1.0B | ||
| Q2 24 | $3.3B | $1.1B | ||
| Q1 24 | $3.3B | $1.2B |
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.2M | $-18.4M |
| Free Cash FlowOCF − Capex | $-77.1M | $-58.3M |
| FCF MarginFCF / Revenue | -23.4% | -31.7% |
| Capex IntensityCapex / Revenue | 21.5% | 21.7% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $-18.4M | ||
| Q3 25 | $233.9M | $-37.1M | ||
| Q2 25 | $299.3M | $-62.9M | ||
| Q1 25 | $-350.0M | $-47.9M | ||
| Q4 24 | $268.8M | $37.9M | ||
| Q3 24 | $-2.1M | $-16.9M | ||
| Q2 24 | $304.4M | $-25.2M | ||
| Q1 24 | $-239.6M | $-73.8M |
| Q4 25 | $-77.1M | $-58.3M | ||
| Q3 25 | $167.0M | $-60.4M | ||
| Q2 25 | $250.5M | $-78.6M | ||
| Q1 25 | $-396.6M | $-62.6M | ||
| Q4 24 | $212.9M | $-70.2M | ||
| Q3 24 | $-40.0M | $-21.9M | ||
| Q2 24 | $275.8M | $-30.8M | ||
| Q1 24 | $-266.4M | $-77.8M |
| Q4 25 | -23.4% | -31.7% | ||
| Q3 25 | 56.5% | -32.6% | ||
| Q2 25 | 46.8% | -41.5% | ||
| Q1 25 | -106.9% | -35.3% | ||
| Q4 24 | 63.1% | -34.3% | ||
| Q3 24 | -17.2% | -11.3% | ||
| Q2 24 | 56.0% | -15.7% | ||
| Q1 24 | -78.0% | -39.5% |
| Q4 25 | 21.5% | 21.7% | ||
| Q3 25 | 22.6% | 12.5% | ||
| Q2 25 | 9.1% | 8.3% | ||
| Q1 25 | 12.6% | 8.3% | ||
| Q4 24 | 16.6% | 52.8% | ||
| Q3 24 | 16.3% | 2.6% | ||
| Q2 24 | 5.8% | 2.9% | ||
| Q1 24 | 7.8% | 2.0% |
| Q4 25 | -0.09× | — | ||
| Q3 25 | 11.61× | — | ||
| Q2 25 | 38.10× | — | ||
| Q1 25 | -1232.46× | — | ||
| Q4 24 | 5.96× | — | ||
| Q3 24 | -0.08× | — | ||
| Q2 24 | 8.46× | — | ||
| Q1 24 | -42.94× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
UP
Segment breakdown not available.
