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Side-by-side financial comparison of Douglas Elliman Inc. (DOUG) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Douglas Elliman Inc. is the larger business by last-quarter revenue ($245.4M vs $183.8M, roughly 1.3× Wheels Up Experience Inc.). Douglas Elliman Inc. runs the higher net margin — 27.9% vs -15.7%, a 43.6% gap on every dollar of revenue. On growth, Douglas Elliman Inc. posted the faster year-over-year revenue change (0.9% vs -10.2%). Douglas Elliman Inc. produced more free cash flow last quarter ($-14.7M vs $-58.3M). Over the past eight quarters, Douglas Elliman Inc.'s revenue compounded faster (10.7% CAGR vs -3.4%).
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
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.
DOUG vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $245.4M | $183.8M |
| Net Profit | $68.6M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | 27.3% | -0.9% |
| Net Margin | 27.9% | -15.7% |
| Revenue YoY | 0.9% | -10.2% |
| Net Profit YoY | 1243.4% | 67.0% |
| EPS (diluted) | $0.80 | $-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 | $245.4M | $183.8M | ||
| Q3 25 | $262.8M | $185.5M | ||
| Q2 25 | $271.4M | $189.6M | ||
| Q1 25 | $253.4M | $177.5M | ||
| Q4 24 | $243.3M | $204.8M | ||
| Q3 24 | $266.3M | $193.9M | ||
| Q2 24 | $285.8M | $196.3M | ||
| Q1 24 | $200.2M | $197.1M |
| Q4 25 | $68.6M | $-28.9M | ||
| Q3 25 | $-24.7M | $-83.7M | ||
| Q2 25 | $-22.7M | $-82.3M | ||
| Q1 25 | $-6.0M | $-99.3M | ||
| Q4 24 | $-6.0M | $-87.5M | ||
| Q3 24 | $-27.2M | $-57.7M | ||
| Q2 24 | $-1.7M | $-97.0M | ||
| Q1 24 | $-41.5M | $-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 | 27.3% | -0.9% | ||
| Q3 25 | -4.1% | -33.1% | ||
| Q2 25 | -2.0% | -31.4% | ||
| Q1 25 | -2.1% | -45.5% | ||
| Q4 24 | -6.7% | -26.0% | ||
| Q3 24 | -2.8% | -21.6% | ||
| Q2 24 | -1.3% | -40.3% | ||
| Q1 24 | -20.7% | -42.9% |
| Q4 25 | 27.9% | -15.7% | ||
| Q3 25 | -9.4% | -45.1% | ||
| Q2 25 | -8.4% | -43.4% | ||
| Q1 25 | -2.4% | -55.9% | ||
| Q4 24 | -2.5% | -42.7% | ||
| Q3 24 | -10.2% | -29.8% | ||
| Q2 24 | -0.6% | -49.4% | ||
| Q1 24 | -20.7% | -49.4% |
| Q4 25 | $0.80 | $-0.04 | ||
| Q3 25 | $-0.29 | $-0.12 | ||
| Q2 25 | $-0.27 | $-0.12 | ||
| Q1 25 | $-0.07 | $-0.14 | ||
| Q4 24 | $-0.06 | $-0.13 | ||
| Q3 24 | $-0.33 | $-0.08 | ||
| Q2 24 | $-0.02 | $-0.14 | ||
| Q1 24 | $-0.50 | $-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 | $115.5M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $183.9M | $-392.1M |
| Total Assets | $444.4M | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $115.5M | $133.9M | ||
| Q3 25 | $143.0M | $125.3M | ||
| Q2 25 | $136.3M | $107.0M | ||
| Q1 25 | $136.8M | $171.8M | ||
| Q4 24 | $145.5M | $216.4M | ||
| Q3 24 | $151.4M | $115.9M | ||
| Q2 24 | $92.9M | $141.5M | ||
| Q1 24 | $91.5M | $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 | $183.9M | $-392.1M | ||
| Q3 25 | $115.1M | $-374.5M | ||
| Q2 25 | $137.6M | $-347.8M | ||
| Q1 25 | $158.2M | $-288.1M | ||
| Q4 24 | $162.2M | $-202.1M | ||
| Q3 24 | $173.6M | $-117.7M | ||
| Q2 24 | $196.9M | $-72.2M | ||
| Q1 24 | $195.1M | $936.0K |
| Q4 25 | $444.4M | $968.8M | ||
| Q3 25 | $480.6M | $973.0M | ||
| Q2 25 | $489.0M | $1.0B | ||
| Q1 25 | $493.9M | $1.1B | ||
| Q4 24 | $493.9M | $1.2B | ||
| Q3 24 | $502.7M | $1.0B | ||
| Q2 24 | $463.9M | $1.1B | ||
| Q1 24 | $461.1M | $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 | $-14.4M | $-18.4M |
| Free Cash FlowOCF − Capex | $-14.7M | $-58.3M |
| FCF MarginFCF / Revenue | -6.0% | -31.7% |
| Capex IntensityCapex / Revenue | 0.1% | 21.7% |
| Cash ConversionOCF / Net Profit | -0.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-17.2M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $-18.4M | ||
| Q3 25 | $5.5M | $-37.1M | ||
| Q2 25 | $642.0K | $-62.9M | ||
| Q1 25 | $-5.6M | $-47.9M | ||
| Q4 24 | $-9.0M | $37.9M | ||
| Q3 24 | $9.0M | $-16.9M | ||
| Q2 24 | $1.3M | $-25.2M | ||
| Q1 24 | $-27.3M | $-73.8M |
| Q4 25 | $-14.7M | $-58.3M | ||
| Q3 25 | $4.7M | $-60.4M | ||
| Q2 25 | $-575.0K | $-78.6M | ||
| Q1 25 | $-6.7M | $-62.6M | ||
| Q4 24 | $-10.2M | $-70.2M | ||
| Q3 24 | $7.7M | $-21.9M | ||
| Q2 24 | $432.0K | $-30.8M | ||
| Q1 24 | $-29.4M | $-77.8M |
| Q4 25 | -6.0% | -31.7% | ||
| Q3 25 | 1.8% | -32.6% | ||
| Q2 25 | -0.2% | -41.5% | ||
| Q1 25 | -2.6% | -35.3% | ||
| Q4 24 | -4.2% | -34.3% | ||
| Q3 24 | 2.9% | -11.3% | ||
| Q2 24 | 0.2% | -15.7% | ||
| Q1 24 | -14.7% | -39.5% |
| Q4 25 | 0.1% | 21.7% | ||
| Q3 25 | 0.3% | 12.5% | ||
| Q2 25 | 0.4% | 8.3% | ||
| Q1 25 | 0.4% | 8.3% | ||
| Q4 24 | 0.5% | 52.8% | ||
| Q3 24 | 0.5% | 2.6% | ||
| Q2 24 | 0.3% | 2.9% | ||
| Q1 24 | 1.0% | 2.0% |
| Q4 25 | -0.21× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
UP
Segment breakdown not available.
