vs
Side-by-side financial comparison of BALCHEM CORP (BCPC) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
BALCHEM CORP is the larger business by last-quarter revenue ($270.7M vs $183.8M, roughly 1.5× Wheels Up Experience Inc.). BALCHEM CORP runs the higher net margin — 14.9% vs -15.7%, a 30.6% gap on every dollar of revenue. On growth, BALCHEM CORP posted the faster year-over-year revenue change (8.1% vs -10.2%). BALCHEM CORP produced more free cash flow last quarter ($33.8M vs $-58.3M). Over the past eight quarters, BALCHEM CORP's revenue compounded faster (7.5% CAGR vs -3.4%).
Balchem Corp is a global specialty chemicals and nutritional ingredients provider that develops, manufactures and distributes application-specific products for human nutrition, animal health, pharmaceutical and industrial end markets, serving customers across North America, Europe and Asia Pacific.
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.
BCPC vs UP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $183.8M |
| Net Profit | $40.3M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | 20.5% | -0.9% |
| Net Margin | 14.9% | -15.7% |
| Revenue YoY | 8.1% | -10.2% |
| Net Profit YoY | 8.7% | 67.0% |
| EPS (diluted) | $1.25 | $-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.
| Q1 26 | $270.7M | — | ||
| Q4 25 | $263.6M | $183.8M | ||
| Q3 25 | $267.6M | $185.5M | ||
| Q2 25 | $255.5M | $189.6M | ||
| Q1 25 | $250.5M | $177.5M | ||
| Q4 24 | $240.0M | $204.8M | ||
| Q3 24 | $239.9M | $193.9M | ||
| Q2 24 | $234.1M | $196.3M |
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $-28.9M | ||
| Q3 25 | $40.3M | $-83.7M | ||
| Q2 25 | $38.3M | $-82.3M | ||
| Q1 25 | $37.1M | $-99.3M | ||
| Q4 24 | $33.6M | $-87.5M | ||
| Q3 24 | $33.8M | $-57.7M | ||
| Q2 24 | $32.1M | $-97.0M |
| Q1 26 | — | — | ||
| Q4 25 | 35.6% | 14.3% | ||
| Q3 25 | 35.7% | 6.8% | ||
| Q2 25 | 36.4% | 8.3% | ||
| Q1 25 | 35.2% | 10.8% | ||
| Q4 24 | 36.0% | 13.9% | ||
| Q3 24 | 35.6% | 13.9% | ||
| Q2 24 | 35.5% | 2.3% |
| Q1 26 | 20.5% | — | ||
| Q4 25 | 19.8% | -0.9% | ||
| Q3 25 | 20.4% | -33.1% | ||
| Q2 25 | 20.1% | -31.4% | ||
| Q1 25 | 20.4% | -45.5% | ||
| Q4 24 | 19.8% | -26.0% | ||
| Q3 24 | 20.0% | -21.6% | ||
| Q2 24 | 19.6% | -40.3% |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | -15.7% | ||
| Q3 25 | 15.1% | -45.1% | ||
| Q2 25 | 15.0% | -43.4% | ||
| Q1 25 | 14.8% | -55.9% | ||
| Q4 24 | 14.0% | -42.7% | ||
| Q3 24 | 14.1% | -29.8% | ||
| Q2 24 | 13.7% | -49.4% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $-0.04 | ||
| Q3 25 | $1.24 | $-0.12 | ||
| Q2 25 | $1.17 | $-0.12 | ||
| Q1 25 | $1.13 | $-0.14 | ||
| Q4 24 | $1.03 | $-0.13 | ||
| Q3 24 | $1.03 | $-0.08 | ||
| Q2 24 | $0.98 | $-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 | $72.9M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $1.3B | $-392.1M |
| Total Assets | $1.7B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $133.9M | ||
| Q3 25 | $65.1M | $125.3M | ||
| Q2 25 | $65.4M | $107.0M | ||
| Q1 25 | $49.9M | $171.8M | ||
| Q4 24 | $49.5M | $216.4M | ||
| Q3 24 | $73.7M | $115.9M | ||
| Q2 24 | $63.7M | $141.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $671.3M | ||
| Q3 25 | — | $766.5M | ||
| Q2 25 | — | $770.5M | ||
| Q1 25 | — | $765.8M | ||
| Q4 24 | — | $761.3M | ||
| Q3 24 | — | $596.9M | ||
| Q2 24 | — | $597.4M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $-392.1M | ||
| Q3 25 | $1.3B | $-374.5M | ||
| Q2 25 | $1.3B | $-347.8M | ||
| Q1 25 | $1.2B | $-288.1M | ||
| Q4 24 | $1.1B | $-202.1M | ||
| Q3 24 | $1.2B | $-117.7M | ||
| Q2 24 | $1.1B | $-72.2M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $968.8M | ||
| Q3 25 | $1.7B | $973.0M | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.6B | $1.0B | ||
| Q2 24 | $1.6B | $1.1B |
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 | $40.1M | $-18.4M |
| Free Cash FlowOCF − Capex | $33.8M | $-58.3M |
| FCF MarginFCF / Revenue | 12.5% | -31.7% |
| Capex IntensityCapex / Revenue | 2.3% | 21.7% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $-18.4M | ||
| Q3 25 | $65.6M | $-37.1M | ||
| Q2 25 | $47.3M | $-62.9M | ||
| Q1 25 | $36.5M | $-47.9M | ||
| Q4 24 | $52.3M | $37.9M | ||
| Q3 24 | $51.3M | $-16.9M | ||
| Q2 24 | $45.0M | $-25.2M |
| Q1 26 | $33.8M | — | ||
| 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 26 | 12.5% | — | ||
| 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 26 | 2.3% | — | ||
| 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 26 | 0.99× | — | ||
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | 1.40× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
