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Side-by-side financial comparison of BJs RESTAURANTS INC (BJRI) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.

BJs RESTAURANTS INC is the larger business by last-quarter revenue ($355.4M vs $183.8M, roughly 1.9× Wheels Up Experience Inc.). BJs RESTAURANTS INC runs the higher net margin — 3.6% vs -15.7%, a 19.3% gap on every dollar of revenue. On growth, BJs RESTAURANTS INC posted the faster year-over-year revenue change (3.2% vs -10.2%). Over the past eight quarters, BJs RESTAURANTS INC's revenue compounded faster (2.6% CAGR vs -3.4%).

BJ's Restaurants Inc. operates a chain of casual dining restaurants across the United States. Its menu features signature deep-dish pizzas, craft beers, handcrafted cocktails, and a wide range of American comfort food. The brand primarily serves family groups, friend gatherings, and casual diners seeking affordable, high-quality meals in a relaxed, welcoming in-store environment.

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.

BJRI vs UP — Head-to-Head

Bigger by revenue
BJRI
BJRI
1.9× larger
BJRI
$355.4M
$183.8M
UP
Growing faster (revenue YoY)
BJRI
BJRI
+13.5% gap
BJRI
3.2%
-10.2%
UP
Higher net margin
BJRI
BJRI
19.3% more per $
BJRI
3.6%
-15.7%
UP
Faster 2-yr revenue CAGR
BJRI
BJRI
Annualised
BJRI
2.6%
-3.4%
UP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BJRI
BJRI
UP
UP
Revenue
$355.4M
$183.8M
Net Profit
$12.6M
$-28.9M
Gross Margin
74.5%
14.3%
Operating Margin
3.1%
-0.9%
Net Margin
3.6%
-15.7%
Revenue YoY
3.2%
-10.2%
Net Profit YoY
-24.2%
67.0%
EPS (diluted)
$0.58
$-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
BJRI
BJRI
UP
UP
Q4 25
$355.4M
$183.8M
Q3 25
$365.6M
$185.5M
Q2 25
$348.0M
$189.6M
Q1 25
$177.5M
Q4 24
$325.7M
$204.8M
Q3 24
$349.9M
$193.9M
Q2 24
$337.3M
$196.3M
Q1 24
$197.1M
Net Profit
BJRI
BJRI
UP
UP
Q4 25
$12.6M
$-28.9M
Q3 25
$22.2M
$-83.7M
Q2 25
$13.5M
$-82.3M
Q1 25
$-99.3M
Q4 24
$-2.9M
$-87.5M
Q3 24
$17.2M
$-57.7M
Q2 24
$7.7M
$-97.0M
Q1 24
$-97.4M
Gross Margin
BJRI
BJRI
UP
UP
Q4 25
74.5%
14.3%
Q3 25
75.2%
6.8%
Q2 25
75.0%
8.3%
Q1 25
10.8%
Q4 24
73.4%
13.9%
Q3 24
74.3%
13.9%
Q2 24
74.8%
2.3%
Q1 24
-0.6%
Operating Margin
BJRI
BJRI
UP
UP
Q4 25
3.1%
-0.9%
Q3 25
5.8%
-33.1%
Q2 25
4.3%
-31.4%
Q1 25
-45.5%
Q4 24
-0.8%
-26.0%
Q3 24
3.8%
-21.6%
Q2 24
2.4%
-40.3%
Q1 24
-42.9%
Net Margin
BJRI
BJRI
UP
UP
Q4 25
3.6%
-15.7%
Q3 25
6.1%
-45.1%
Q2 25
3.9%
-43.4%
Q1 25
-55.9%
Q4 24
-0.9%
-42.7%
Q3 24
4.9%
-29.8%
Q2 24
2.3%
-49.4%
Q1 24
-49.4%
EPS (diluted)
BJRI
BJRI
UP
UP
Q4 25
$0.58
$-0.04
Q3 25
$0.97
$-0.12
Q2 25
$0.58
$-0.12
Q1 25
$-0.14
Q4 24
$-0.13
$-0.13
Q3 24
$0.72
$-0.08
Q2 24
$0.32
$-0.14
Q1 24
$-0.14

Balance Sheet & Financial Strength

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

Metric
BJRI
BJRI
UP
UP
Cash + ST InvestmentsLiquidity on hand
$23.8M
$133.9M
Total DebtLower is stronger
$671.3M
Stockholders' EquityBook value
$366.2M
$-392.1M
Total Assets
$1.0B
$968.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BJRI
BJRI
UP
UP
Q4 25
$23.8M
$133.9M
Q3 25
$26.0M
$125.3M
Q2 25
$19.0M
$107.0M
Q1 25
$171.8M
Q4 24
$18.4M
$216.4M
Q3 24
$16.2M
$115.9M
Q2 24
$18.8M
$141.5M
Q1 24
$180.9M
Total Debt
BJRI
BJRI
UP
UP
Q4 25
$671.3M
Q3 25
$60.5M
$766.5M
Q2 25
$85.5M
$770.5M
Q1 25
$765.8M
Q4 24
$66.5M
$761.3M
Q3 24
$63.5M
$596.9M
Q2 24
$58.0M
$597.4M
Q1 24
$603.2M
Stockholders' Equity
BJRI
BJRI
UP
UP
Q4 25
$366.2M
$-392.1M
Q3 25
$386.6M
$-374.5M
Q2 25
$371.5M
$-347.8M
Q1 25
$-288.1M
Q4 24
$376.2M
$-202.1M
Q3 24
$386.5M
$-117.7M
Q2 24
$375.4M
$-72.2M
Q1 24
$936.0K
Total Assets
BJRI
BJRI
UP
UP
Q4 25
$1.0B
$968.8M
Q3 25
$1.0B
$973.0M
Q2 25
$1.0B
$1.0B
Q1 25
$1.1B
Q4 24
$1.0B
$1.2B
Q3 24
$1.0B
$1.0B
Q2 24
$1.0B
$1.1B
Q1 24
$1.2B
Debt / Equity
BJRI
BJRI
UP
UP
Q4 25
Q3 25
0.16×
Q2 25
0.23×
Q1 25
Q4 24
0.18×
Q3 24
0.16×
Q2 24
0.15×
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
BJRI
BJRI
UP
UP
Operating Cash FlowLast quarter
$-18.4M
Free Cash FlowOCF − Capex
$-58.3M
FCF MarginFCF / Revenue
-31.7%
Capex IntensityCapex / Revenue
21.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-259.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BJRI
BJRI
UP
UP
Q4 25
$-18.4M
Q3 25
$62.3M
$-37.1M
Q2 25
$4.6M
$-62.9M
Q1 25
$-47.9M
Q4 24
$27.3M
$37.9M
Q3 24
$20.2M
$-16.9M
Q2 24
$22.3M
$-25.2M
Q1 24
$-73.8M
Free Cash Flow
BJRI
BJRI
UP
UP
Q4 25
$-58.3M
Q3 25
$41.9M
$-60.4M
Q2 25
$-12.1M
$-78.6M
Q1 25
$-62.6M
Q4 24
$7.6M
$-70.2M
Q3 24
$735.0K
$-21.9M
Q2 24
$448.0K
$-30.8M
Q1 24
$-77.8M
FCF Margin
BJRI
BJRI
UP
UP
Q4 25
-31.7%
Q3 25
11.5%
-32.6%
Q2 25
-3.5%
-41.5%
Q1 25
-35.3%
Q4 24
2.3%
-34.3%
Q3 24
0.2%
-11.3%
Q2 24
0.1%
-15.7%
Q1 24
-39.5%
Capex Intensity
BJRI
BJRI
UP
UP
Q4 25
21.7%
Q3 25
5.6%
12.5%
Q2 25
4.8%
8.3%
Q1 25
8.3%
Q4 24
6.0%
52.8%
Q3 24
5.6%
2.6%
Q2 24
6.5%
2.9%
Q1 24
2.0%
Cash Conversion
BJRI
BJRI
UP
UP
Q4 25
Q3 25
2.80×
Q2 25
0.34×
Q1 25
Q4 24
Q3 24
1.18×
Q2 24
2.89×
Q1 24

Financial Flow Comparison

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

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