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Side-by-side financial comparison of COHEN & STEERS, INC. (CNS) 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 $143.8M, roughly 1.3× COHEN & STEERS, INC.). COHEN & STEERS, INC. runs the higher net margin — 24.3% vs -15.7%, a 40.0% gap on every dollar of revenue. On growth, COHEN & STEERS, INC. posted the faster year-over-year revenue change (2.9% vs -10.2%). Wheels Up Experience Inc. produced more free cash flow last quarter ($-58.3M vs $-126.4M). Over the past eight quarters, COHEN & STEERS, INC.'s revenue compounded faster (8.3% CAGR vs -3.4%).
Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.
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.
CNS vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.8M | $183.8M |
| Net Profit | $34.9M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | 28.0% | -0.9% |
| Net Margin | 24.3% | -15.7% |
| Revenue YoY | 2.9% | -10.2% |
| Net Profit YoY | -23.9% | 67.0% |
| EPS (diluted) | $0.67 | $-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 | $143.8M | $183.8M | ||
| Q3 25 | $141.7M | $185.5M | ||
| Q2 25 | $136.1M | $189.6M | ||
| Q1 25 | $134.5M | $177.5M | ||
| Q4 24 | $139.8M | $204.8M | ||
| Q3 24 | $133.2M | $193.9M | ||
| Q2 24 | $121.7M | $196.3M | ||
| Q1 24 | $122.7M | $197.1M |
| Q4 25 | $34.9M | $-28.9M | ||
| Q3 25 | $41.7M | $-83.7M | ||
| Q2 25 | $36.8M | $-82.3M | ||
| Q1 25 | $39.8M | $-99.3M | ||
| Q4 24 | $45.8M | $-87.5M | ||
| Q3 24 | $39.7M | $-57.7M | ||
| Q2 24 | $31.8M | $-97.0M | ||
| Q1 24 | $34.0M | $-97.4M |
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | — | 13.9% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | -0.6% |
| Q4 25 | 28.0% | -0.9% | ||
| Q3 25 | 34.5% | -33.1% | ||
| Q2 25 | 31.8% | -31.4% | ||
| Q1 25 | 33.6% | -45.5% | ||
| Q4 24 | 35.3% | -26.0% | ||
| Q3 24 | 33.7% | -21.6% | ||
| Q2 24 | 31.5% | -40.3% | ||
| Q1 24 | 32.8% | -42.9% |
| Q4 25 | 24.3% | -15.7% | ||
| Q3 25 | 29.4% | -45.1% | ||
| Q2 25 | 27.1% | -43.4% | ||
| Q1 25 | 29.6% | -55.9% | ||
| Q4 24 | 32.8% | -42.7% | ||
| Q3 24 | 29.8% | -29.8% | ||
| Q2 24 | 26.1% | -49.4% | ||
| Q1 24 | 27.7% | -49.4% |
| Q4 25 | $0.67 | $-0.04 | ||
| Q3 25 | $0.81 | $-0.12 | ||
| Q2 25 | $0.72 | $-0.12 | ||
| Q1 25 | $0.77 | $-0.14 | ||
| Q4 24 | $0.89 | $-0.13 | ||
| Q3 24 | $0.77 | $-0.08 | ||
| Q2 24 | $0.63 | $-0.14 | ||
| Q1 24 | $0.68 | $-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 | $145.5M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $562.0M | $-392.1M |
| Total Assets | $876.7M | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $145.5M | $133.9M | ||
| Q3 25 | $98.1M | $125.3M | ||
| Q2 25 | $95.4M | $107.0M | ||
| Q1 25 | $65.2M | $171.8M | ||
| Q4 24 | $183.0M | $216.4M | ||
| Q3 24 | $106.5M | $115.9M | ||
| Q2 24 | $122.0M | $141.5M | ||
| Q1 24 | $99.5M | $180.9M |
| 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 24 | — | $603.2M |
| Q4 25 | $562.0M | $-392.1M | ||
| Q3 25 | $550.3M | $-374.5M | ||
| Q2 25 | $528.5M | $-347.8M | ||
| Q1 25 | $507.7M | $-288.1M | ||
| Q4 24 | $511.7M | $-202.1M | ||
| Q3 24 | $491.0M | $-117.7M | ||
| Q2 24 | $463.2M | $-72.2M | ||
| Q1 24 | $378.9M | $936.0K |
| Q4 25 | $876.7M | $968.8M | ||
| Q3 25 | $801.6M | $973.0M | ||
| Q2 25 | $751.0M | $1.0B | ||
| Q1 25 | $834.9M | $1.1B | ||
| Q4 24 | $812.4M | $1.2B | ||
| Q3 24 | $727.8M | $1.0B | ||
| Q2 24 | $784.1M | $1.1B | ||
| Q1 24 | $680.7M | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $-120.4M | $-18.4M |
| Free Cash FlowOCF − Capex | $-126.4M | $-58.3M |
| FCF MarginFCF / Revenue | -87.9% | -31.7% |
| Capex IntensityCapex / Revenue | 4.2% | 21.7% |
| Cash ConversionOCF / Net Profit | -3.45× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-253.6M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-120.4M | $-18.4M | ||
| Q3 25 | $55.1M | $-37.1M | ||
| Q2 25 | $-67.6M | $-62.9M | ||
| Q1 25 | $-108.9M | $-47.9M | ||
| Q4 24 | $96.7M | $37.9M | ||
| Q3 24 | $25.6M | $-16.9M | ||
| Q2 24 | $31.4M | $-25.2M | ||
| Q1 24 | $4.9M | $-73.8M |
| Q4 25 | $-126.4M | $-58.3M | ||
| Q3 25 | $52.6M | $-60.4M | ||
| Q2 25 | $-69.8M | $-78.6M | ||
| Q1 25 | $-110.0M | $-62.6M | ||
| Q4 24 | $85.0M | $-70.2M | ||
| Q3 24 | $24.2M | $-21.9M | ||
| Q2 24 | $27.1M | $-30.8M | ||
| Q1 24 | $537.0K | $-77.8M |
| Q4 25 | -87.9% | -31.7% | ||
| Q3 25 | 37.1% | -32.6% | ||
| Q2 25 | -51.3% | -41.5% | ||
| Q1 25 | -81.8% | -35.3% | ||
| Q4 24 | 60.8% | -34.3% | ||
| Q3 24 | 18.2% | -11.3% | ||
| Q2 24 | 22.3% | -15.7% | ||
| Q1 24 | 0.4% | -39.5% |
| Q4 25 | 4.2% | 21.7% | ||
| Q3 25 | 1.8% | 12.5% | ||
| Q2 25 | 1.6% | 8.3% | ||
| Q1 25 | 0.8% | 8.3% | ||
| Q4 24 | 8.3% | 52.8% | ||
| Q3 24 | 1.1% | 2.6% | ||
| Q2 24 | 3.5% | 2.9% | ||
| Q1 24 | 3.5% | 2.0% |
| Q4 25 | -3.45× | — | ||
| Q3 25 | 1.32× | — | ||
| Q2 25 | -1.84× | — | ||
| Q1 25 | -2.74× | — | ||
| Q4 24 | 2.11× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.99× | — | ||
| Q1 24 | 0.14× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
