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Side-by-side financial comparison of Mistras Group, Inc. (MG) 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 $181.5M, roughly 1.0× Mistras Group, Inc.). Mistras Group, Inc. runs the higher net margin — 2.1% vs -15.7%, a 17.8% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs -10.2%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $-58.3M). Over the past eight quarters, Mistras Group, Inc.'s revenue compounded faster (-0.8% CAGR vs -3.4%).
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
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.
MG vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $183.8M |
| Net Profit | $3.8M | $-28.9M |
| Gross Margin | 28.4% | 14.3% |
| Operating Margin | 7.0% | -0.9% |
| Net Margin | 2.1% | -15.7% |
| Revenue YoY | 5.1% | -10.2% |
| Net Profit YoY | -27.4% | 67.0% |
| EPS (diluted) | $0.12 | $-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 | $181.5M | $183.8M | ||
| Q3 25 | $195.5M | $185.5M | ||
| Q2 25 | $185.4M | $189.6M | ||
| Q1 25 | $161.6M | $177.5M | ||
| Q4 24 | $172.7M | $204.8M | ||
| Q3 24 | $182.7M | $193.9M | ||
| Q2 24 | $189.8M | $196.3M | ||
| Q1 24 | $184.4M | $197.1M |
| Q4 25 | $3.8M | $-28.9M | ||
| Q3 25 | $13.1M | $-83.7M | ||
| Q2 25 | $3.0M | $-82.3M | ||
| Q1 25 | $-3.2M | $-99.3M | ||
| Q4 24 | $5.2M | $-87.5M | ||
| Q3 24 | $6.4M | $-57.7M | ||
| Q2 24 | $6.4M | $-97.0M | ||
| Q1 24 | $995.0K | $-97.4M |
| Q4 25 | 28.4% | 14.3% | ||
| Q3 25 | 29.8% | 6.8% | ||
| Q2 25 | 29.1% | 8.3% | ||
| Q1 25 | 25.3% | 10.8% | ||
| Q4 24 | 26.5% | 13.9% | ||
| Q3 24 | 26.8% | 13.9% | ||
| Q2 24 | 27.1% | 2.3% | ||
| Q1 24 | 25.0% | -0.6% |
| Q4 25 | 7.0% | -0.9% | ||
| Q3 25 | 10.4% | -33.1% | ||
| Q2 25 | 4.5% | -31.4% | ||
| Q1 25 | -0.6% | -45.5% | ||
| Q4 24 | 6.1% | -26.0% | ||
| Q3 24 | 6.5% | -21.6% | ||
| Q2 24 | 6.3% | -40.3% | ||
| Q1 24 | 3.0% | -42.9% |
| Q4 25 | 2.1% | -15.7% | ||
| Q3 25 | 6.7% | -45.1% | ||
| Q2 25 | 1.6% | -43.4% | ||
| Q1 25 | -2.0% | -55.9% | ||
| Q4 24 | 3.0% | -42.7% | ||
| Q3 24 | 3.5% | -29.8% | ||
| Q2 24 | 3.4% | -49.4% | ||
| Q1 24 | 0.5% | -49.4% |
| Q4 25 | $0.12 | $-0.04 | ||
| Q3 25 | $0.41 | $-0.12 | ||
| Q2 25 | $0.10 | $-0.12 | ||
| Q1 25 | $-0.10 | $-0.14 | ||
| Q4 24 | $0.17 | $-0.13 | ||
| Q3 24 | $0.20 | $-0.08 | ||
| Q2 24 | $0.20 | $-0.14 | ||
| Q1 24 | $0.03 | $-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 | $28.0M | $133.9M |
| Total DebtLower is stronger | $178.0M | $671.3M |
| Stockholders' EquityBook value | $235.1M | $-392.1M |
| Total Assets | $578.8M | $968.8M |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $133.9M | ||
| Q3 25 | $27.8M | $125.3M | ||
| Q2 25 | $20.0M | $107.0M | ||
| Q1 25 | $18.5M | $171.8M | ||
| Q4 24 | $18.3M | $216.4M | ||
| Q3 24 | $20.4M | $115.9M | ||
| Q2 24 | $17.2M | $141.5M | ||
| Q1 24 | $16.9M | $180.9M |
| Q4 25 | $178.0M | $671.3M | ||
| Q3 25 | $202.3M | $766.5M | ||
| Q2 25 | $189.4M | $770.5M | ||
| Q1 25 | $171.9M | $765.8M | ||
| Q4 24 | $169.6M | $761.3M | ||
| Q3 24 | $189.7M | $596.9M | ||
| Q2 24 | $199.7M | $597.4M | ||
| Q1 24 | $198.4M | $603.2M |
| Q4 25 | $235.1M | $-392.1M | ||
| Q3 25 | $227.4M | $-374.5M | ||
| Q2 25 | $215.8M | $-347.8M | ||
| Q1 25 | $198.7M | $-288.1M | ||
| Q4 24 | $198.6M | $-202.1M | ||
| Q3 24 | $205.2M | $-117.7M | ||
| Q2 24 | $193.2M | $-72.2M | ||
| Q1 24 | $187.1M | $936.0K |
| Q4 25 | $578.8M | $968.8M | ||
| Q3 25 | $596.3M | $973.0M | ||
| Q2 25 | $571.0M | $1.0B | ||
| Q1 25 | $526.8M | $1.1B | ||
| Q4 24 | $523.0M | $1.2B | ||
| Q3 24 | $551.7M | $1.0B | ||
| Q2 24 | $548.1M | $1.1B | ||
| Q1 24 | $542.1M | $1.2B |
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.03× | — | ||
| Q1 24 | 1.06× | 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 | $32.1M | $-18.4M |
| Free Cash FlowOCF − Capex | $26.0M | $-58.3M |
| FCF MarginFCF / Revenue | 14.3% | -31.7% |
| Capex IntensityCapex / Revenue | 3.4% | 21.7% |
| Cash ConversionOCF / Net Profit | 8.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $-18.4M | ||
| Q3 25 | $4.5M | $-37.1M | ||
| Q2 25 | $-9.3M | $-62.9M | ||
| Q1 25 | $5.6M | $-47.9M | ||
| Q4 24 | $25.7M | $37.9M | ||
| Q3 24 | $19.4M | $-16.9M | ||
| Q2 24 | $4.5M | $-25.2M | ||
| Q1 24 | $604.0K | $-73.8M |
| Q4 25 | $26.0M | $-58.3M | ||
| Q3 25 | $-4.1M | $-60.4M | ||
| Q2 25 | $-14.7M | $-78.6M | ||
| Q1 25 | $1.1M | $-62.6M | ||
| Q4 24 | $22.1M | $-70.2M | ||
| Q3 24 | $14.6M | $-21.9M | ||
| Q2 24 | $-284.0K | $-30.8M | ||
| Q1 24 | $-4.2M | $-77.8M |
| Q4 25 | 14.3% | -31.7% | ||
| Q3 25 | -2.1% | -32.6% | ||
| Q2 25 | -7.9% | -41.5% | ||
| Q1 25 | 0.7% | -35.3% | ||
| Q4 24 | 12.8% | -34.3% | ||
| Q3 24 | 8.0% | -11.3% | ||
| Q2 24 | -0.1% | -15.7% | ||
| Q1 24 | -2.3% | -39.5% |
| Q4 25 | 3.4% | 21.7% | ||
| Q3 25 | 4.4% | 12.5% | ||
| Q2 25 | 2.9% | 8.3% | ||
| Q1 25 | 2.8% | 8.3% | ||
| Q4 24 | 2.1% | 52.8% | ||
| Q3 24 | 2.6% | 2.6% | ||
| Q2 24 | 2.5% | 2.9% | ||
| Q1 24 | 2.6% | 2.0% |
| Q4 25 | 8.55× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | -3.07× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.96× | — | ||
| Q3 24 | 3.02× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.61× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
