vs
Side-by-side financial comparison of KILROY REALTY CORP (KRC) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $183.8M, roughly 1.5× Wheels Up Experience Inc.). KILROY REALTY CORP runs the higher net margin — 6.3% vs -15.7%, a 22.0% gap on every dollar of revenue. On growth, KILROY REALTY CORP posted the faster year-over-year revenue change (-5.0% vs -10.2%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $-58.3M). Over the past eight quarters, KILROY REALTY CORP's revenue compounded faster (-1.2% CAGR vs -3.4%).
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
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.
KRC vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $272.2M | $183.8M |
| Net Profit | $17.1M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | — | -0.9% |
| Net Margin | 6.3% | -15.7% |
| Revenue YoY | -5.0% | -10.2% |
| Net Profit YoY | -73.7% | 67.0% |
| EPS (diluted) | $0.11 | $-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 | $272.2M | $183.8M | ||
| Q3 25 | $279.7M | $185.5M | ||
| Q2 25 | $289.9M | $189.6M | ||
| Q1 25 | $270.8M | $177.5M | ||
| Q4 24 | $286.4M | $204.8M | ||
| Q3 24 | $289.9M | $193.9M | ||
| Q2 24 | $280.7M | $196.3M | ||
| Q1 24 | $278.6M | $197.1M |
| Q4 25 | $17.1M | $-28.9M | ||
| Q3 25 | $162.3M | $-83.7M | ||
| Q2 25 | $79.6M | $-82.3M | ||
| Q1 25 | $43.7M | $-99.3M | ||
| Q4 24 | $65.0M | $-87.5M | ||
| Q3 24 | $57.7M | $-57.7M | ||
| Q2 24 | $54.5M | $-97.0M | ||
| Q1 24 | $55.7M | $-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 | — | -0.9% | ||
| Q3 25 | — | -33.1% | ||
| Q2 25 | — | -31.4% | ||
| Q1 25 | — | -45.5% | ||
| Q4 24 | — | -26.0% | ||
| Q3 24 | — | -21.6% | ||
| Q2 24 | — | -40.3% | ||
| Q1 24 | — | -42.9% |
| Q4 25 | 6.3% | -15.7% | ||
| Q3 25 | 58.0% | -45.1% | ||
| Q2 25 | 27.4% | -43.4% | ||
| Q1 25 | 16.1% | -55.9% | ||
| Q4 24 | 22.7% | -42.7% | ||
| Q3 24 | 19.9% | -29.8% | ||
| Q2 24 | 19.4% | -49.4% | ||
| Q1 24 | 20.0% | -49.4% |
| Q4 25 | $0.11 | $-0.04 | ||
| Q3 25 | $1.31 | $-0.12 | ||
| Q2 25 | $0.57 | $-0.12 | ||
| Q1 25 | $0.33 | $-0.14 | ||
| Q4 24 | $0.50 | $-0.13 | ||
| Q3 24 | $0.44 | $-0.08 | ||
| Q2 24 | $0.41 | $-0.14 | ||
| Q1 24 | $0.42 | $-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 | $179.3M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $5.4B | $-392.1M |
| Total Assets | $10.9B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $179.3M | $133.9M | ||
| Q3 25 | $372.4M | $125.3M | ||
| Q2 25 | $193.1M | $107.0M | ||
| Q1 25 | $146.7M | $171.8M | ||
| Q4 24 | $165.7M | $216.4M | ||
| Q3 24 | $625.4M | $115.9M | ||
| Q2 24 | $835.9M | $141.5M | ||
| Q1 24 | $855.0M | $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 | $5.4B | $-392.1M | ||
| Q3 25 | $5.5B | $-374.5M | ||
| Q2 25 | $5.4B | $-347.8M | ||
| Q1 25 | $5.4B | $-288.1M | ||
| Q4 24 | $5.4B | $-202.1M | ||
| Q3 24 | $5.4B | $-117.7M | ||
| Q2 24 | $5.4B | $-72.2M | ||
| Q1 24 | $5.4B | $936.0K |
| Q4 25 | $10.9B | $968.8M | ||
| Q3 25 | $11.0B | $973.0M | ||
| Q2 25 | $10.9B | $1.0B | ||
| Q1 25 | $10.9B | $1.1B | ||
| Q4 24 | $10.9B | $1.2B | ||
| Q3 24 | $11.4B | $1.0B | ||
| Q2 24 | $11.5B | $1.1B | ||
| Q1 24 | $11.6B | $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 | $566.3M | $-18.4M |
| Free Cash FlowOCF − Capex | $450.3M | $-58.3M |
| FCF MarginFCF / Revenue | 165.4% | -31.7% |
| Capex IntensityCapex / Revenue | 42.6% | 21.7% |
| Cash ConversionOCF / Net Profit | 33.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $833.0M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $566.3M | $-18.4M | ||
| Q3 25 | $176.6M | $-37.1M | ||
| Q2 25 | $143.7M | $-62.9M | ||
| Q1 25 | $136.9M | $-47.9M | ||
| Q4 24 | $541.1M | $37.9M | ||
| Q3 24 | $176.3M | $-16.9M | ||
| Q2 24 | $88.7M | $-25.2M | ||
| Q1 24 | $167.9M | $-73.8M |
| Q4 25 | $450.3M | $-58.3M | ||
| Q3 25 | $148.7M | $-60.4M | ||
| Q2 25 | $118.4M | $-78.6M | ||
| Q1 25 | $115.6M | $-62.6M | ||
| Q4 24 | $440.8M | $-70.2M | ||
| Q3 24 | $147.2M | $-21.9M | ||
| Q2 24 | $69.5M | $-30.8M | ||
| Q1 24 | $151.9M | $-77.8M |
| Q4 25 | 165.4% | -31.7% | ||
| Q3 25 | 53.1% | -32.6% | ||
| Q2 25 | 40.9% | -41.5% | ||
| Q1 25 | 42.7% | -35.3% | ||
| Q4 24 | 153.9% | -34.3% | ||
| Q3 24 | 50.8% | -11.3% | ||
| Q2 24 | 24.7% | -15.7% | ||
| Q1 24 | 54.5% | -39.5% |
| Q4 25 | 42.6% | 21.7% | ||
| Q3 25 | 10.0% | 12.5% | ||
| Q2 25 | 8.7% | 8.3% | ||
| Q1 25 | 7.9% | 8.3% | ||
| Q4 24 | 35.0% | 52.8% | ||
| Q3 24 | 10.1% | 2.6% | ||
| Q2 24 | 6.8% | 2.9% | ||
| Q1 24 | 5.7% | 2.0% |
| Q4 25 | 33.10× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.81× | — | ||
| Q1 25 | 3.13× | — | ||
| Q4 24 | 8.32× | — | ||
| Q3 24 | 3.06× | — | ||
| Q2 24 | 1.63× | — | ||
| Q1 24 | 3.01× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
