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Side-by-side financial comparison of Hilltop Holdings Inc. (HTH) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $183.8M, roughly 1.6× Wheels Up Experience Inc.). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs -15.7%, a 28.7% gap on every dollar of revenue. Over the past eight quarters, Hilltop Holdings Inc.'s revenue compounded faster (0.6% CAGR vs -3.4%).
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
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.
HTH vs UP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $300.5M | $183.8M |
| Net Profit | $39.0M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | — | -0.9% |
| Net Margin | 13.0% | -15.7% |
| Revenue YoY | — | -10.2% |
| Net Profit YoY | -12.4% | 67.0% |
| EPS (diluted) | $0.64 | $-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 | $300.5M | — | ||
| Q4 25 | $329.9M | $183.8M | ||
| Q3 25 | $330.2M | $185.5M | ||
| Q2 25 | $303.3M | $189.6M | ||
| Q1 25 | $318.5M | $177.5M | ||
| Q4 24 | $301.1M | $204.8M | ||
| Q3 24 | $305.5M | $193.9M | ||
| Q2 24 | $297.0M | $196.3M |
| Q1 26 | $39.0M | — | ||
| Q4 25 | $41.6M | $-28.9M | ||
| Q3 25 | $45.8M | $-83.7M | ||
| Q2 25 | $36.1M | $-82.3M | ||
| Q1 25 | $42.1M | $-99.3M | ||
| Q4 24 | $35.5M | $-87.5M | ||
| Q3 24 | $29.7M | $-57.7M | ||
| Q2 24 | $20.3M | $-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 | 16.1% | -0.9% | ||
| Q3 25 | 18.4% | -33.1% | ||
| Q2 25 | 16.3% | -31.4% | ||
| Q1 25 | 18.1% | -45.5% | ||
| Q4 24 | 14.7% | -26.0% | ||
| Q3 24 | 13.9% | -21.6% | ||
| Q2 24 | 10.0% | -40.3% |
| Q1 26 | 13.0% | — | ||
| Q4 25 | 12.6% | -15.7% | ||
| Q3 25 | 13.9% | -45.1% | ||
| Q2 25 | 11.9% | -43.4% | ||
| Q1 25 | 13.2% | -55.9% | ||
| Q4 24 | 11.8% | -42.7% | ||
| Q3 24 | 9.7% | -29.8% | ||
| Q2 24 | 6.8% | -49.4% |
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.68 | $-0.04 | ||
| Q3 25 | $0.74 | $-0.12 | ||
| Q2 25 | $0.57 | $-0.12 | ||
| Q1 25 | $0.65 | $-0.14 | ||
| Q4 24 | $0.55 | $-0.13 | ||
| Q3 24 | $0.46 | $-0.08 | ||
| Q2 24 | $0.31 | $-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 | $990.8M | $671.3M |
| Stockholders' EquityBook value | $2.2B | $-392.1M |
| Total Assets | $15.7B | $968.8M |
| Debt / EquityLower = less leverage | 0.46× | — |
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 | $990.8M | — | ||
| 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 | $2.2B | — | ||
| Q4 25 | $2.2B | $-392.1M | ||
| Q3 25 | $2.2B | $-374.5M | ||
| Q2 25 | $2.2B | $-347.8M | ||
| Q1 25 | $2.2B | $-288.1M | ||
| Q4 24 | $2.2B | $-202.1M | ||
| Q3 24 | $2.2B | $-117.7M | ||
| Q2 24 | $2.1B | $-72.2M |
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.8B | $968.8M | ||
| Q3 25 | $15.6B | $973.0M | ||
| Q2 25 | $15.4B | $1.0B | ||
| Q1 25 | $15.8B | $1.1B | ||
| Q4 24 | $16.3B | $1.2B | ||
| Q3 24 | $15.9B | $1.0B | ||
| Q2 24 | $15.6B | $1.1B |
| Q1 26 | 0.46× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-38.7M | $-18.4M | ||
| Q3 25 | $273.0M | $-37.1M | ||
| Q2 25 | $-234.6M | $-62.9M | ||
| Q1 25 | $5.8M | $-47.9M | ||
| Q4 24 | $273.9M | $37.9M | ||
| Q3 24 | $515.6M | $-16.9M | ||
| Q2 24 | $-435.3M | $-25.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.5M | $-58.3M | ||
| Q3 25 | $271.0M | $-60.4M | ||
| Q2 25 | $-234.6M | $-78.6M | ||
| Q1 25 | $5.0M | $-62.6M | ||
| Q4 24 | $266.8M | $-70.2M | ||
| Q3 24 | $513.8M | $-21.9M | ||
| Q2 24 | $-437.3M | $-30.8M |
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | -31.7% | ||
| Q3 25 | 82.1% | -32.6% | ||
| Q2 25 | -77.4% | -41.5% | ||
| Q1 25 | 1.6% | -35.3% | ||
| Q4 24 | 88.6% | -34.3% | ||
| Q3 24 | 168.2% | -11.3% | ||
| Q2 24 | -147.2% | -15.7% |
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 21.7% | ||
| Q3 25 | 0.6% | 12.5% | ||
| Q2 25 | 0.0% | 8.3% | ||
| Q1 25 | 0.3% | 8.3% | ||
| Q4 24 | 2.4% | 52.8% | ||
| Q3 24 | 0.6% | 2.6% | ||
| Q2 24 | 0.7% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | -0.93× | — | ||
| Q3 25 | 5.96× | — | ||
| Q2 25 | -6.50× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 7.71× | — | ||
| Q3 24 | 17.36× | — | ||
| Q2 24 | -21.41× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
UP
Segment breakdown not available.
