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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $183.8M, roughly 1.7× Wheels Up Experience Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs -15.7%, a 43.9% gap on every dollar of revenue. On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs -10.2%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $-58.3M). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% CAGR vs -3.4%).
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
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.
LOPE vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.1M | $183.8M |
| Net Profit | $86.7M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | 35.1% | -0.9% |
| Net Margin | 28.1% | -15.7% |
| Revenue YoY | 5.3% | -10.2% |
| Net Profit YoY | 5.9% | 67.0% |
| EPS (diluted) | $3.13 | $-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 | $308.1M | $183.8M | ||
| Q3 25 | $261.1M | $185.5M | ||
| Q2 25 | $247.5M | $189.6M | ||
| Q1 25 | $289.3M | $177.5M | ||
| Q4 24 | $292.6M | $204.8M | ||
| Q3 24 | $238.3M | $193.9M | ||
| Q2 24 | $227.5M | $196.3M | ||
| Q1 24 | $274.7M | $197.1M |
| Q4 25 | $86.7M | $-28.9M | ||
| Q3 25 | $16.3M | $-83.7M | ||
| Q2 25 | $41.5M | $-82.3M | ||
| Q1 25 | $71.6M | $-99.3M | ||
| Q4 24 | $81.9M | $-87.5M | ||
| Q3 24 | $41.5M | $-57.7M | ||
| Q2 24 | $34.9M | $-97.0M | ||
| Q1 24 | $68.0M | $-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 | 35.1% | -0.9% | ||
| Q3 25 | 6.9% | -33.1% | ||
| Q2 25 | 20.9% | -31.4% | ||
| Q1 25 | 30.4% | -45.5% | ||
| Q4 24 | 34.2% | -26.0% | ||
| Q3 24 | 20.2% | -21.6% | ||
| Q2 24 | 18.8% | -40.3% | ||
| Q1 24 | 30.8% | -42.9% |
| Q4 25 | 28.1% | -15.7% | ||
| Q3 25 | 6.2% | -45.1% | ||
| Q2 25 | 16.8% | -43.4% | ||
| Q1 25 | 24.8% | -55.9% | ||
| Q4 24 | 28.0% | -42.7% | ||
| Q3 24 | 17.4% | -29.8% | ||
| Q2 24 | 15.3% | -49.4% | ||
| Q1 24 | 24.8% | -49.4% |
| Q4 25 | $3.13 | $-0.04 | ||
| Q3 25 | $0.58 | $-0.12 | ||
| Q2 25 | $1.48 | $-0.12 | ||
| Q1 25 | $2.52 | $-0.14 | ||
| Q4 24 | $2.83 | $-0.13 | ||
| Q3 24 | $1.42 | $-0.08 | ||
| Q2 24 | $1.19 | $-0.14 | ||
| Q1 24 | $2.29 | $-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 | $111.8M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $746.9M | $-392.1M |
| Total Assets | $992.3M | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.8M | $133.9M | ||
| Q3 25 | $97.3M | $125.3M | ||
| Q2 25 | $192.3M | $107.0M | ||
| Q1 25 | $144.5M | $171.8M | ||
| Q4 24 | $324.6M | $216.4M | ||
| Q3 24 | $263.6M | $115.9M | ||
| Q2 24 | $241.3M | $141.5M | ||
| Q1 24 | $196.2M | $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 | $746.9M | $-392.1M | ||
| Q3 25 | $758.0M | $-374.5M | ||
| Q2 25 | $778.0M | $-347.8M | ||
| Q1 25 | $780.7M | $-288.1M | ||
| Q4 24 | $783.9M | $-202.1M | ||
| Q3 24 | $764.1M | $-117.7M | ||
| Q2 24 | $759.2M | $-72.2M | ||
| Q1 24 | $759.4M | $936.0K |
| Q4 25 | $992.3M | $968.8M | ||
| Q3 25 | $1.0B | $973.0M | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $992.9M | $1.0B | ||
| Q2 24 | $992.7M | $1.1B | ||
| Q1 24 | $1.0B | $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 | $130.5M | $-18.4M |
| Free Cash FlowOCF − Capex | $122.9M | $-58.3M |
| FCF MarginFCF / Revenue | 39.9% | -31.7% |
| Capex IntensityCapex / Revenue | 2.5% | 21.7% |
| Cash ConversionOCF / Net Profit | 1.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.6M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.5M | $-18.4M | ||
| Q3 25 | $-48.6M | $-37.1M | ||
| Q2 25 | $124.0M | $-62.9M | ||
| Q1 25 | $67.6M | $-47.9M | ||
| Q4 24 | $135.8M | $37.9M | ||
| Q3 24 | $-29.4M | $-16.9M | ||
| Q2 24 | $98.6M | $-25.2M | ||
| Q1 24 | $85.0M | $-73.8M |
| Q4 25 | $122.9M | $-58.3M | ||
| Q3 25 | $-58.3M | $-60.4M | ||
| Q2 25 | $115.4M | $-78.6M | ||
| Q1 25 | $58.7M | $-62.6M | ||
| Q4 24 | $126.1M | $-70.2M | ||
| Q3 24 | $-39.0M | $-21.9M | ||
| Q2 24 | $89.6M | $-30.8M | ||
| Q1 24 | $76.0M | $-77.8M |
| Q4 25 | 39.9% | -31.7% | ||
| Q3 25 | -22.3% | -32.6% | ||
| Q2 25 | 46.6% | -41.5% | ||
| Q1 25 | 20.3% | -35.3% | ||
| Q4 24 | 43.1% | -34.3% | ||
| Q3 24 | -16.3% | -11.3% | ||
| Q2 24 | 39.4% | -15.7% | ||
| Q1 24 | 27.7% | -39.5% |
| Q4 25 | 2.5% | 21.7% | ||
| Q3 25 | 3.7% | 12.5% | ||
| Q2 25 | 3.5% | 8.3% | ||
| Q1 25 | 3.1% | 8.3% | ||
| Q4 24 | 3.3% | 52.8% | ||
| Q3 24 | 4.0% | 2.6% | ||
| Q2 24 | 3.9% | 2.9% | ||
| Q1 24 | 3.3% | 2.0% |
| Q4 25 | 1.50× | — | ||
| Q3 25 | -2.99× | — | ||
| Q2 25 | 2.98× | — | ||
| Q1 25 | 0.94× | — | ||
| Q4 24 | 1.66× | — | ||
| Q3 24 | -0.71× | — | ||
| Q2 24 | 2.83× | — | ||
| Q1 24 | 1.25× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
