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Side-by-side financial comparison of ICHOR HOLDINGS, LTD. (ICHR) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
ICHOR HOLDINGS, LTD. is the larger business by last-quarter revenue ($223.6M vs $183.8M, roughly 1.2× Wheels Up Experience Inc.). ICHOR HOLDINGS, LTD. runs the higher net margin — -7.1% vs -15.7%, a 8.6% gap on every dollar of revenue. On growth, ICHOR HOLDINGS, LTD. posted the faster year-over-year revenue change (-4.2% vs -10.2%). ICHOR HOLDINGS, LTD. produced more free cash flow last quarter ($5.9M vs $-58.3M). Over the past eight quarters, ICHOR HOLDINGS, LTD.'s revenue compounded faster (5.4% CAGR vs -3.4%).
Ichor Holdings Ltd. designs, manufactures and supplies critical fluid delivery systems, subsystems and related components for the global semiconductor manufacturing sector. Its products are integrated into front-end wafer processing equipment, supporting production of advanced logic, memory and specialty chips for leading semiconductor device and equipment makers across North America, East Asia and Europe.
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.
ICHR vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $223.6M | $183.8M |
| Net Profit | $-16.0M | $-28.9M |
| Gross Margin | 9.4% | 14.3% |
| Operating Margin | -6.2% | -0.9% |
| Net Margin | -7.1% | -15.7% |
| Revenue YoY | -4.2% | -10.2% |
| Net Profit YoY | -304.8% | 67.0% |
| EPS (diluted) | $-0.46 | $-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 | $223.6M | $183.8M | ||
| Q3 25 | $239.3M | $185.5M | ||
| Q2 25 | $240.3M | $189.6M | ||
| Q1 25 | $244.5M | $177.5M | ||
| Q4 24 | $233.3M | $204.8M | ||
| Q3 24 | $211.1M | $193.9M | ||
| Q2 24 | $203.2M | $196.3M | ||
| Q1 24 | $201.4M | $197.1M |
| Q4 25 | $-16.0M | $-28.9M | ||
| Q3 25 | $-22.9M | $-83.7M | ||
| Q2 25 | $-9.4M | $-82.3M | ||
| Q1 25 | $-4.6M | $-99.3M | ||
| Q4 24 | $-3.9M | $-87.5M | ||
| Q3 24 | $-2.8M | $-57.7M | ||
| Q2 24 | $-5.1M | $-97.0M | ||
| Q1 24 | $-9.0M | $-97.4M |
| Q4 25 | 9.4% | 14.3% | ||
| Q3 25 | 4.6% | 6.8% | ||
| Q2 25 | 11.3% | 8.3% | ||
| Q1 25 | 11.7% | 10.8% | ||
| Q4 24 | 11.6% | 13.9% | ||
| Q3 24 | 13.2% | 13.9% | ||
| Q2 24 | 12.6% | 2.3% | ||
| Q1 24 | 11.4% | -0.6% |
| Q4 25 | -6.2% | -0.9% | ||
| Q3 25 | -8.1% | -33.1% | ||
| Q2 25 | -2.0% | -31.4% | ||
| Q1 25 | -0.5% | -45.5% | ||
| Q4 24 | -0.5% | -26.0% | ||
| Q3 24 | -0.2% | -21.6% | ||
| Q2 24 | -1.1% | -40.3% | ||
| Q1 24 | -1.9% | -42.9% |
| Q4 25 | -7.1% | -15.7% | ||
| Q3 25 | -9.6% | -45.1% | ||
| Q2 25 | -3.9% | -43.4% | ||
| Q1 25 | -1.9% | -55.9% | ||
| Q4 24 | -1.7% | -42.7% | ||
| Q3 24 | -1.3% | -29.8% | ||
| Q2 24 | -2.5% | -49.4% | ||
| Q1 24 | -4.5% | -49.4% |
| Q4 25 | $-0.46 | $-0.04 | ||
| Q3 25 | $-0.67 | $-0.12 | ||
| Q2 25 | $-0.28 | $-0.12 | ||
| Q1 25 | $-0.13 | $-0.14 | ||
| Q4 24 | $-0.11 | $-0.13 | ||
| Q3 24 | $-0.08 | $-0.08 | ||
| Q2 24 | $-0.15 | $-0.14 | ||
| Q1 24 | $-0.30 | $-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 | $98.3M | $133.9M |
| Total DebtLower is stronger | $123.5M | $671.3M |
| Stockholders' EquityBook value | $663.9M | $-392.1M |
| Total Assets | $942.9M | $968.8M |
| Debt / EquityLower = less leverage | 0.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $133.9M | ||
| Q3 25 | $92.5M | $125.3M | ||
| Q2 25 | $92.2M | $107.0M | ||
| Q1 25 | $109.3M | $171.8M | ||
| Q4 24 | $108.7M | $216.4M | ||
| Q3 24 | $116.4M | $115.9M | ||
| Q2 24 | $114.3M | $141.5M | ||
| Q1 24 | $102.1M | $180.9M |
| Q4 25 | $123.5M | $671.3M | ||
| Q3 25 | $123.5M | $766.5M | ||
| Q2 25 | $125.0M | $770.5M | ||
| Q1 25 | $126.8M | $765.8M | ||
| Q4 24 | $128.5M | $761.3M | ||
| Q3 24 | $130.3M | $596.9M | ||
| Q2 24 | $130.2M | $597.4M | ||
| Q1 24 | $131.9M | $603.2M |
| Q4 25 | $663.9M | $-392.1M | ||
| Q3 25 | $676.2M | $-374.5M | ||
| Q2 25 | $694.1M | $-347.8M | ||
| Q1 25 | $700.4M | $-288.1M | ||
| Q4 24 | $698.3M | $-202.1M | ||
| Q3 24 | $697.3M | $-117.7M | ||
| Q2 24 | $694.9M | $-72.2M | ||
| Q1 24 | $697.2M | $936.0K |
| Q4 25 | $942.9M | $968.8M | ||
| Q3 25 | $966.6M | $973.0M | ||
| Q2 25 | $985.1M | $1.0B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $995.6M | $1.2B | ||
| Q3 24 | $975.9M | $1.0B | ||
| Q2 24 | $947.7M | $1.1B | ||
| Q1 24 | $957.4M | $1.2B |
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.18× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.19× | — | ||
| Q1 24 | 0.19× | 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 | $9.2M | $-18.4M |
| Free Cash FlowOCF − Capex | $5.9M | $-58.3M |
| FCF MarginFCF / Revenue | 2.6% | -31.7% |
| Capex IntensityCapex / Revenue | 1.5% | 21.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-6.3M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.2M | $-18.4M | ||
| Q3 25 | $9.2M | $-37.1M | ||
| Q2 25 | $-7.5M | $-62.9M | ||
| Q1 25 | $19.0M | $-47.9M | ||
| Q4 24 | $-2.5M | $37.9M | ||
| Q3 24 | $8.1M | $-16.9M | ||
| Q2 24 | $17.5M | $-25.2M | ||
| Q1 24 | $4.8M | $-73.8M |
| Q4 25 | $5.9M | $-58.3M | ||
| Q3 25 | $2.1M | $-60.4M | ||
| Q2 25 | $-14.8M | $-78.6M | ||
| Q1 25 | $496.0K | $-62.6M | ||
| Q4 24 | $-6.9M | $-70.2M | ||
| Q3 24 | $2.2M | $-21.9M | ||
| Q2 24 | $14.6M | $-30.8M | ||
| Q1 24 | $314.0K | $-77.8M |
| Q4 25 | 2.6% | -31.7% | ||
| Q3 25 | 0.9% | -32.6% | ||
| Q2 25 | -6.2% | -41.5% | ||
| Q1 25 | 0.2% | -35.3% | ||
| Q4 24 | -3.0% | -34.3% | ||
| Q3 24 | 1.0% | -11.3% | ||
| Q2 24 | 7.2% | -15.7% | ||
| Q1 24 | 0.2% | -39.5% |
| Q4 25 | 1.5% | 21.7% | ||
| Q3 25 | 3.0% | 12.5% | ||
| Q2 25 | 3.0% | 8.3% | ||
| Q1 25 | 7.6% | 8.3% | ||
| Q4 24 | 1.9% | 52.8% | ||
| Q3 24 | 2.8% | 2.6% | ||
| Q2 24 | 1.4% | 2.9% | ||
| Q1 24 | 2.2% | 2.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ICHR
| Other | $101.6M | 45% |
| US | $67.4M | 30% |
| Other Countries | $29.7M | 13% |
| Europe | $24.9M | 11% |
UP
Segment breakdown not available.
