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Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) 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 $133.7M, roughly 1.4× FIRST COMMONWEALTH FINANCIAL CORP). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs -15.7%, a 43.8% gap on every dollar of revenue. On growth, FIRST COMMONWEALTH FINANCIAL CORP posted the faster year-over-year revenue change (13.0% vs -10.2%). Over the past eight quarters, FIRST COMMONWEALTH FINANCIAL CORP's revenue compounded faster (5.5% CAGR vs -3.4%).
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
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.
FCF vs UP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $133.7M | $183.8M |
| Net Profit | $37.5M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | — | -0.9% |
| Net Margin | 28.1% | -15.7% |
| Revenue YoY | 13.0% | -10.2% |
| Net Profit YoY | 14.8% | 67.0% |
| EPS (diluted) | $0.37 | $-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 | $133.7M | — | ||
| Q4 25 | $137.9M | $183.8M | ||
| Q3 25 | $136.0M | $185.5M | ||
| Q2 25 | $131.0M | $189.6M | ||
| Q1 25 | $118.0M | $177.5M | ||
| Q4 24 | $120.4M | $204.8M | ||
| Q3 24 | $121.2M | $193.9M | ||
| Q2 24 | $120.2M | $196.3M |
| Q1 26 | $37.5M | — | ||
| Q4 25 | $44.9M | $-28.9M | ||
| Q3 25 | $41.3M | $-83.7M | ||
| Q2 25 | $33.4M | $-82.3M | ||
| Q1 25 | $32.7M | $-99.3M | ||
| Q4 24 | $35.8M | $-87.5M | ||
| Q3 24 | $32.1M | $-57.7M | ||
| Q2 24 | $37.1M | $-97.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 40.9% | -0.9% | ||
| Q3 25 | 38.1% | -33.1% | ||
| Q2 25 | 32.1% | -31.4% | ||
| Q1 25 | 34.8% | -45.5% | ||
| Q4 24 | 37.1% | -26.0% | ||
| Q3 24 | 33.4% | -21.6% | ||
| Q2 24 | 38.7% | -40.3% |
| Q1 26 | 28.1% | — | ||
| Q4 25 | 32.5% | -15.7% | ||
| Q3 25 | 30.4% | -45.1% | ||
| Q2 25 | 25.5% | -43.4% | ||
| Q1 25 | 27.7% | -55.9% | ||
| Q4 24 | 29.8% | -42.7% | ||
| Q3 24 | 26.5% | -29.8% | ||
| Q2 24 | 30.9% | -49.4% |
| Q1 26 | $0.37 | — | ||
| Q4 25 | $0.44 | $-0.04 | ||
| Q3 25 | $0.39 | $-0.12 | ||
| Q2 25 | $0.32 | $-0.12 | ||
| Q1 25 | $0.32 | $-0.14 | ||
| Q4 24 | $0.35 | $-0.13 | ||
| Q3 24 | $0.31 | $-0.08 | ||
| Q2 24 | $0.36 | $-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 | — | $133.9M |
| Total DebtLower is stronger | $154.9M | $671.3M |
| Stockholders' EquityBook value | $1.6B | $-392.1M |
| Total Assets | $12.3B | $968.8M |
| Debt / EquityLower = less leverage | 0.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $133.9M | ||
| Q3 25 | — | $125.3M | ||
| Q2 25 | — | $107.0M | ||
| Q1 25 | — | $171.8M | ||
| Q4 24 | — | $216.4M | ||
| Q3 24 | — | $115.9M | ||
| Q2 24 | — | $141.5M |
| Q1 26 | $154.9M | — | ||
| Q4 25 | $261.7M | $671.3M | ||
| Q3 25 | $262.1M | $766.5M | ||
| Q2 25 | $262.4M | $770.5M | ||
| Q1 25 | $262.7M | $765.8M | ||
| Q4 24 | $263.0M | $761.3M | ||
| Q3 24 | $136.3M | $596.9M | ||
| Q2 24 | $136.6M | $597.4M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $-392.1M | ||
| Q3 25 | $1.5B | $-374.5M | ||
| Q2 25 | $1.5B | $-347.8M | ||
| Q1 25 | $1.4B | $-288.1M | ||
| Q4 24 | $1.4B | $-202.1M | ||
| Q3 24 | $1.4B | $-117.7M | ||
| Q2 24 | $1.4B | $-72.2M |
| Q1 26 | $12.3B | — | ||
| Q4 25 | $12.3B | $968.8M | ||
| Q3 25 | $12.3B | $973.0M | ||
| Q2 25 | $12.2B | $1.0B | ||
| Q1 25 | $11.8B | $1.1B | ||
| Q4 24 | $11.6B | $1.2B | ||
| Q3 24 | $12.0B | $1.0B | ||
| Q2 24 | $11.6B | $1.1B |
| Q1 26 | 0.10× | — | ||
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.19× | — | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.10× | — |
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 | — | $-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.
| Q1 26 | — | — | ||
| Q4 25 | $187.5M | $-18.4M | ||
| Q3 25 | $49.5M | $-37.1M | ||
| Q2 25 | $30.4M | $-62.9M | ||
| Q1 25 | $55.9M | $-47.9M | ||
| Q4 24 | $129.5M | $37.9M | ||
| Q3 24 | $53.6M | $-16.9M | ||
| Q2 24 | $22.7M | $-25.2M |
| Q1 26 | — | — | ||
| Q4 25 | $171.5M | $-58.3M | ||
| Q3 25 | — | $-60.4M | ||
| Q2 25 | — | $-78.6M | ||
| Q1 25 | — | $-62.6M | ||
| Q4 24 | $113.9M | $-70.2M | ||
| Q3 24 | — | $-21.9M | ||
| Q2 24 | — | $-30.8M |
| Q1 26 | — | — | ||
| Q4 25 | 124.3% | -31.7% | ||
| Q3 25 | — | -32.6% | ||
| Q2 25 | — | -41.5% | ||
| Q1 25 | — | -35.3% | ||
| Q4 24 | 94.6% | -34.3% | ||
| Q3 24 | — | -11.3% | ||
| Q2 24 | — | -15.7% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 21.7% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | 12.9% | 52.8% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 1.71× | — | ||
| Q4 24 | 3.61× | — | ||
| Q3 24 | 1.67× | — | ||
| Q2 24 | 0.61× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
