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Side-by-side financial comparison of Metallus Inc. (MTUS) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Metallus Inc. is the larger business by last-quarter revenue ($308.3M vs $183.8M, roughly 1.7× Wheels Up Experience Inc.). Metallus Inc. runs the higher net margin — 1.8% vs -15.7%, a 17.5% gap on every dollar of revenue. On growth, Metallus Inc. posted the faster year-over-year revenue change (9.9% vs -10.2%). Over the past eight quarters, Metallus Inc.'s revenue compounded faster (2.3% CAGR vs -3.4%).
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.
MTUS vs UP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.3M | $183.8M |
| Net Profit | $5.4M | $-28.9M |
| Gross Margin | 8.1% | 14.3% |
| Operating Margin | — | -0.9% |
| Net Margin | 1.8% | -15.7% |
| Revenue YoY | 9.9% | -10.2% |
| Net Profit YoY | 315.4% | 67.0% |
| EPS (diluted) | $0.13 | $-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.
| Q1 26 | $308.3M | — | ||
| Q4 25 | $267.3M | $183.8M | ||
| Q3 25 | $305.9M | $185.5M | ||
| Q2 25 | $304.6M | $189.6M | ||
| Q1 25 | $280.5M | $177.5M | ||
| Q4 24 | $240.5M | $204.8M | ||
| Q3 24 | $227.2M | $193.9M | ||
| Q2 24 | $294.7M | $196.3M |
| Q1 26 | $5.4M | — | ||
| Q4 25 | $-14.3M | $-28.9M | ||
| Q3 25 | $8.1M | $-83.7M | ||
| Q2 25 | $3.7M | $-82.3M | ||
| Q1 25 | $1.3M | $-99.3M | ||
| Q4 24 | $-21.4M | $-87.5M | ||
| Q3 24 | $-5.9M | $-57.7M | ||
| Q2 24 | $4.6M | $-97.0M |
| Q1 26 | 8.1% | — | ||
| Q4 25 | 2.2% | 14.3% | ||
| Q3 25 | 11.4% | 6.8% | ||
| Q2 25 | 10.6% | 8.3% | ||
| Q1 25 | 7.8% | 10.8% | ||
| Q4 24 | 4.5% | 13.9% | ||
| Q3 24 | 5.3% | 13.9% | ||
| Q2 24 | 8.2% | 2.3% |
| Q1 26 | — | — | ||
| Q4 25 | -7.7% | -0.9% | ||
| Q3 25 | 3.6% | -33.1% | ||
| Q2 25 | 2.8% | -31.4% | ||
| Q1 25 | 1.0% | -45.5% | ||
| Q4 24 | -10.1% | -26.0% | ||
| Q3 24 | -3.1% | -21.6% | ||
| Q2 24 | 2.1% | -40.3% |
| Q1 26 | 1.8% | — | ||
| Q4 25 | -5.3% | -15.7% | ||
| Q3 25 | 2.6% | -45.1% | ||
| Q2 25 | 1.2% | -43.4% | ||
| Q1 25 | 0.5% | -55.9% | ||
| Q4 24 | -8.9% | -42.7% | ||
| Q3 24 | -2.6% | -29.8% | ||
| Q2 24 | 1.6% | -49.4% |
| Q1 26 | $0.13 | — | ||
| Q4 25 | $-0.34 | $-0.04 | ||
| Q3 25 | $0.19 | $-0.12 | ||
| Q2 25 | $0.09 | $-0.12 | ||
| Q1 25 | $0.03 | $-0.14 | ||
| Q4 24 | $-0.46 | $-0.13 | ||
| Q3 24 | $-0.13 | $-0.08 | ||
| Q2 24 | $0.10 | $-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 | $104.0M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $683.0M | $-392.1M |
| Total Assets | $1.1B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $104.0M | — | ||
| Q4 25 | $156.7M | $133.9M | ||
| Q3 25 | $191.5M | $125.3M | ||
| Q2 25 | $190.8M | $107.0M | ||
| Q1 25 | $180.3M | $171.8M | ||
| Q4 24 | $240.7M | $216.4M | ||
| Q3 24 | $254.6M | $115.9M | ||
| Q2 24 | $272.8M | $141.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $671.3M | ||
| Q3 25 | $0 | $766.5M | ||
| Q2 25 | $0 | $770.5M | ||
| Q1 25 | $5.4M | $765.8M | ||
| Q4 24 | $5.4M | $761.3M | ||
| Q3 24 | $13.2M | $596.9M | ||
| Q2 24 | $13.2M | $597.4M |
| Q1 26 | $683.0M | — | ||
| Q4 25 | $686.0M | $-392.1M | ||
| Q3 25 | $697.7M | $-374.5M | ||
| Q2 25 | $690.0M | $-347.8M | ||
| Q1 25 | $686.1M | $-288.1M | ||
| Q4 24 | $690.5M | $-202.1M | ||
| Q3 24 | $712.7M | $-117.7M | ||
| Q2 24 | $736.3M | $-72.2M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $968.8M | ||
| Q3 25 | $1.2B | $973.0M | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.1B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | 0.02× | — | ||
| Q2 24 | 0.02× | — |
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 | 0.0% | 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 | $-1.9M | $-18.4M | ||
| Q3 25 | $22.0M | $-37.1M | ||
| Q2 25 | $34.8M | $-62.9M | ||
| Q1 25 | $-38.9M | $-47.9M | ||
| Q4 24 | $13.9M | $37.9M | ||
| Q3 24 | $-15.3M | $-16.9M | ||
| Q2 24 | $8.3M | $-25.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-37.2M | $-58.3M | ||
| Q3 25 | $-6.4M | $-60.4M | ||
| Q2 25 | $17.0M | $-78.6M | ||
| Q1 25 | $-66.4M | $-62.6M | ||
| Q4 24 | $-1.3M | $-70.2M | ||
| Q3 24 | $-32.9M | $-21.9M | ||
| Q2 24 | $-5.8M | $-30.8M |
| Q1 26 | — | — | ||
| Q4 25 | -13.9% | -31.7% | ||
| Q3 25 | -2.1% | -32.6% | ||
| Q2 25 | 5.6% | -41.5% | ||
| Q1 25 | -23.7% | -35.3% | ||
| Q4 24 | -0.5% | -34.3% | ||
| Q3 24 | -14.5% | -11.3% | ||
| Q2 24 | -2.0% | -15.7% |
| Q1 26 | 0.0% | — | ||
| Q4 25 | 13.2% | 21.7% | ||
| Q3 25 | 9.3% | 12.5% | ||
| Q2 25 | 5.8% | 8.3% | ||
| Q1 25 | 9.8% | 8.3% | ||
| Q4 24 | 6.3% | 52.8% | ||
| Q3 24 | 7.7% | 2.6% | ||
| Q2 24 | 4.8% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.72× | — | ||
| Q2 25 | 9.41× | — | ||
| Q1 25 | -29.92× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.80× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
