vs
Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) 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 $164.3M, roughly 1.1× AMERICAN STATES WATER CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -15.7%, a 33.2% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs -10.2%). AMERICAN STATES WATER CO produced more free cash flow last quarter ($-36.0M vs $-58.3M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs -3.4%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
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.
AWR vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $183.8M |
| Net Profit | $28.7M | $-28.9M |
| Gross Margin | 88.9% | 14.3% |
| Operating Margin | 27.4% | -0.9% |
| Net Margin | 17.5% | -15.7% |
| Revenue YoY | 14.8% | -10.2% |
| Net Profit YoY | 1.1% | 67.0% |
| EPS (diluted) | $0.74 | $-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 | $164.3M | $183.8M | ||
| Q3 25 | $182.7M | $185.5M | ||
| Q2 25 | $163.1M | $189.6M | ||
| Q1 25 | $148.0M | $177.5M | ||
| Q4 24 | $143.1M | $204.8M | ||
| Q3 24 | $161.8M | $193.9M | ||
| Q2 24 | $155.3M | $196.3M | ||
| Q1 24 | $135.3M | $197.1M |
| Q4 25 | $28.7M | $-28.9M | ||
| Q3 25 | $41.2M | $-83.7M | ||
| Q2 25 | $33.7M | $-82.3M | ||
| Q1 25 | $26.8M | $-99.3M | ||
| Q4 24 | $28.4M | $-87.5M | ||
| Q3 24 | $35.8M | $-57.7M | ||
| Q2 24 | $31.9M | $-97.0M | ||
| Q1 24 | $23.1M | $-97.4M |
| Q4 25 | 88.9% | 14.3% | ||
| Q3 25 | 91.0% | 6.8% | ||
| Q2 25 | 92.1% | 8.3% | ||
| Q1 25 | 91.3% | 10.8% | ||
| Q4 24 | 92.4% | 13.9% | ||
| Q3 24 | 92.7% | 13.9% | ||
| Q2 24 | 89.6% | 2.3% | ||
| Q1 24 | 88.4% | -0.6% |
| Q4 25 | 27.4% | -0.9% | ||
| Q3 25 | 33.8% | -33.1% | ||
| Q2 25 | 31.3% | -31.4% | ||
| Q1 25 | 30.8% | -45.5% | ||
| Q4 24 | 27.0% | -26.0% | ||
| Q3 24 | 34.0% | -21.6% | ||
| Q2 24 | 33.3% | -40.3% | ||
| Q1 24 | 28.8% | -42.9% |
| Q4 25 | 17.5% | -15.7% | ||
| Q3 25 | 22.5% | -45.1% | ||
| Q2 25 | 20.7% | -43.4% | ||
| Q1 25 | 18.1% | -55.9% | ||
| Q4 24 | 19.9% | -42.7% | ||
| Q3 24 | 22.1% | -29.8% | ||
| Q2 24 | 20.5% | -49.4% | ||
| Q1 24 | 17.1% | -49.4% |
| Q4 25 | $0.74 | $-0.04 | ||
| Q3 25 | $1.06 | $-0.12 | ||
| Q2 25 | $0.87 | $-0.12 | ||
| Q1 25 | $0.70 | $-0.14 | ||
| Q4 24 | $0.75 | $-0.13 | ||
| Q3 24 | $0.95 | $-0.08 | ||
| Q2 24 | $0.85 | $-0.14 | ||
| Q1 24 | $0.62 | $-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 | $18.8M | $133.9M |
| Total DebtLower is stronger | $782.7M | $671.3M |
| Stockholders' EquityBook value | $1.0B | $-392.1M |
| Total Assets | $2.7B | $968.8M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $133.9M | ||
| Q3 25 | $26.1M | $125.3M | ||
| Q2 25 | $20.2M | $107.0M | ||
| Q1 25 | $21.2M | $171.8M | ||
| Q4 24 | $26.7M | $216.4M | ||
| Q3 24 | $16.5M | $115.9M | ||
| Q2 24 | $3.6M | $141.5M | ||
| Q1 24 | $17.0M | $180.9M |
| Q4 25 | $782.7M | $671.3M | ||
| Q3 25 | — | $766.5M | ||
| Q2 25 | — | $770.5M | ||
| Q1 25 | — | $765.8M | ||
| Q4 24 | $640.4M | $761.3M | ||
| Q3 24 | — | $596.9M | ||
| Q2 24 | — | $597.4M | ||
| Q1 24 | — | $603.2M |
| Q4 25 | $1.0B | $-392.1M | ||
| Q3 25 | $1.0B | $-374.5M | ||
| Q2 25 | $972.5M | $-347.8M | ||
| Q1 25 | $956.4M | $-288.1M | ||
| Q4 24 | $920.1M | $-202.1M | ||
| Q3 24 | $879.5M | $-117.7M | ||
| Q2 24 | $833.5M | $-72.2M | ||
| Q1 24 | $800.5M | $936.0K |
| Q4 25 | $2.7B | $968.8M | ||
| Q3 25 | $2.7B | $973.0M | ||
| Q2 25 | $2.6B | $1.0B | ||
| Q1 25 | $2.5B | $1.1B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.4B | $1.0B | ||
| Q2 24 | $2.3B | $1.1B | ||
| Q1 24 | $2.3B | $1.2B |
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | — | ||
| 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 | $27.7M | $-18.4M |
| Free Cash FlowOCF − Capex | $-36.0M | $-58.3M |
| FCF MarginFCF / Revenue | -21.9% | -31.7% |
| Capex IntensityCapex / Revenue | 38.8% | 21.7% |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $-18.4M | ||
| Q3 25 | $92.4M | $-37.1M | ||
| Q2 25 | $64.6M | $-62.9M | ||
| Q1 25 | $45.1M | $-47.9M | ||
| Q4 24 | $64.5M | $37.9M | ||
| Q3 24 | $63.7M | $-16.9M | ||
| Q2 24 | $24.7M | $-25.2M | ||
| Q1 24 | $45.8M | $-73.8M |
| Q4 25 | $-36.0M | $-58.3M | ||
| Q3 25 | $37.7M | $-60.4M | ||
| Q2 25 | $13.7M | $-78.6M | ||
| Q1 25 | $-22.5M | $-62.6M | ||
| Q4 24 | $6.0M | $-70.2M | ||
| Q3 24 | $-478.0K | $-21.9M | ||
| Q2 24 | $-37.0M | $-30.8M | ||
| Q1 24 | $-1.7M | $-77.8M |
| Q4 25 | -21.9% | -31.7% | ||
| Q3 25 | 20.7% | -32.6% | ||
| Q2 25 | 8.4% | -41.5% | ||
| Q1 25 | -15.2% | -35.3% | ||
| Q4 24 | 4.2% | -34.3% | ||
| Q3 24 | -0.3% | -11.3% | ||
| Q2 24 | -23.8% | -15.7% | ||
| Q1 24 | -1.3% | -39.5% |
| Q4 25 | 38.8% | 21.7% | ||
| Q3 25 | 29.9% | 12.5% | ||
| Q2 25 | 31.2% | 8.3% | ||
| Q1 25 | 45.6% | 8.3% | ||
| Q4 24 | 40.9% | 52.8% | ||
| Q3 24 | 39.7% | 2.6% | ||
| Q2 24 | 39.8% | 2.9% | ||
| Q1 24 | 35.2% | 2.0% |
| Q4 25 | 0.96× | — | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 2.27× | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 0.78× | — | ||
| Q1 24 | 1.98× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AWR
| Water Service Utility Operations | $110.0M | 67% |
| Public Utilities Inventory Water | $22.3M | 14% |
| Wastewater | $15.9M | 10% |
| Electric Service Utility Operations | $15.2M | 9% |
UP
Segment breakdown not available.
