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Side-by-side financial comparison of OFG BANCORP (OFG) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
OFG BANCORP is the larger business by last-quarter revenue ($184.3M vs $183.8M, roughly 1.0× Wheels Up Experience Inc.). OFG BANCORP runs the higher net margin — 30.3% vs -15.7%, a 46.0% gap on every dollar of revenue. On growth, OFG BANCORP posted the faster year-over-year revenue change (0.9% vs -10.2%). OFG BANCORP produced more free cash flow last quarter ($199.3M vs $-58.3M). Over the past eight quarters, OFG BANCORP's revenue compounded faster (2.8% CAGR vs -3.4%).
OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....
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.
OFG vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $184.3M | $183.8M |
| Net Profit | $55.9M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | 25.7% | -0.9% |
| Net Margin | 30.3% | -15.7% |
| Revenue YoY | 0.9% | -10.2% |
| Net Profit YoY | 11.0% | 67.0% |
| EPS (diluted) | $1.27 | $-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 | $184.3M | $183.8M | ||
| Q3 25 | $186.2M | $185.5M | ||
| Q2 25 | $182.4M | $189.6M | ||
| Q1 25 | $178.6M | $177.5M | ||
| Q4 24 | $182.7M | $204.8M | ||
| Q3 24 | $174.7M | $193.9M | ||
| Q2 24 | $179.8M | $196.3M | ||
| Q1 24 | $174.4M | $197.1M |
| Q4 25 | $55.9M | $-28.9M | ||
| Q3 25 | $51.8M | $-83.7M | ||
| Q2 25 | $51.8M | $-82.3M | ||
| Q1 25 | $45.6M | $-99.3M | ||
| Q4 24 | $50.3M | $-87.5M | ||
| Q3 24 | $47.0M | $-57.7M | ||
| Q2 24 | $51.1M | $-97.0M | ||
| Q1 24 | $49.7M | $-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 | 25.7% | -0.9% | ||
| Q3 25 | 33.0% | -33.1% | ||
| Q2 25 | 36.1% | -31.4% | ||
| Q1 25 | 33.3% | -45.5% | ||
| Q4 24 | 28.9% | -26.0% | ||
| Q3 24 | 35.4% | -21.6% | ||
| Q2 24 | 39.6% | -40.3% | ||
| Q1 24 | 38.9% | -42.9% |
| Q4 25 | 30.3% | -15.7% | ||
| Q3 25 | 27.8% | -45.1% | ||
| Q2 25 | 28.4% | -43.4% | ||
| Q1 25 | 25.5% | -55.9% | ||
| Q4 24 | 27.6% | -42.7% | ||
| Q3 24 | 26.9% | -29.8% | ||
| Q2 24 | 28.4% | -49.4% | ||
| Q1 24 | 28.5% | -49.4% |
| Q4 25 | $1.27 | $-0.04 | ||
| Q3 25 | $1.16 | $-0.12 | ||
| Q2 25 | $1.15 | $-0.12 | ||
| Q1 25 | $1.00 | $-0.14 | ||
| Q4 24 | $1.10 | $-0.13 | ||
| Q3 24 | $1.00 | $-0.08 | ||
| Q2 24 | $1.08 | $-0.14 | ||
| Q1 24 | $1.05 | $-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 | $1.0B | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $1.4B | $-392.1M |
| Total Assets | $12.5B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $133.9M | ||
| Q3 25 | $740.3M | $125.3M | ||
| Q2 25 | $851.8M | $107.0M | ||
| Q1 25 | $710.6M | $171.8M | ||
| Q4 24 | $591.1M | $216.4M | ||
| Q3 24 | $680.6M | $115.9M | ||
| Q2 24 | $740.4M | $141.5M | ||
| Q1 24 | $754.4M | $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 | $1.4B | $-392.1M | ||
| Q3 25 | $1.4B | $-374.5M | ||
| Q2 25 | $1.3B | $-347.8M | ||
| Q1 25 | $1.3B | $-288.1M | ||
| Q4 24 | $1.3B | $-202.1M | ||
| Q3 24 | $1.3B | $-117.7M | ||
| Q2 24 | $1.2B | $-72.2M | ||
| Q1 24 | $1.2B | $936.0K |
| Q4 25 | $12.5B | $968.8M | ||
| Q3 25 | $12.2B | $973.0M | ||
| Q2 25 | $12.2B | $1.0B | ||
| Q1 25 | $11.7B | $1.1B | ||
| Q4 24 | $11.5B | $1.2B | ||
| Q3 24 | $11.5B | $1.0B | ||
| Q2 24 | $11.3B | $1.1B | ||
| Q1 24 | $11.2B | $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 | $217.7M | $-18.4M |
| Free Cash FlowOCF − Capex | $199.3M | $-58.3M |
| FCF MarginFCF / Revenue | 108.1% | -31.7% |
| Capex IntensityCapex / Revenue | 10.0% | 21.7% |
| Cash ConversionOCF / Net Profit | 3.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | $345.4M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.7M | $-18.4M | ||
| Q3 25 | $39.5M | $-37.1M | ||
| Q2 25 | $35.9M | $-62.9M | ||
| Q1 25 | $83.1M | $-47.9M | ||
| Q4 24 | $252.5M | $37.9M | ||
| Q3 24 | $58.1M | $-16.9M | ||
| Q2 24 | $95.1M | $-25.2M | ||
| Q1 24 | $61.0M | $-73.8M |
| Q4 25 | $199.3M | $-58.3M | ||
| Q3 25 | $35.5M | $-60.4M | ||
| Q2 25 | $31.8M | $-78.6M | ||
| Q1 25 | $78.7M | $-62.6M | ||
| Q4 24 | $231.2M | $-70.2M | ||
| Q3 24 | $51.8M | $-21.9M | ||
| Q2 24 | $90.4M | $-30.8M | ||
| Q1 24 | $54.8M | $-77.8M |
| Q4 25 | 108.1% | -31.7% | ||
| Q3 25 | 19.1% | -32.6% | ||
| Q2 25 | 17.4% | -41.5% | ||
| Q1 25 | 44.1% | -35.3% | ||
| Q4 24 | 126.5% | -34.3% | ||
| Q3 24 | 29.6% | -11.3% | ||
| Q2 24 | 50.3% | -15.7% | ||
| Q1 24 | 31.4% | -39.5% |
| Q4 25 | 10.0% | 21.7% | ||
| Q3 25 | 2.1% | 12.5% | ||
| Q2 25 | 2.3% | 8.3% | ||
| Q1 25 | 2.4% | 8.3% | ||
| Q4 24 | 11.7% | 52.8% | ||
| Q3 24 | 3.6% | 2.6% | ||
| Q2 24 | 2.6% | 2.9% | ||
| Q1 24 | 3.5% | 2.0% |
| Q4 25 | 3.90× | — | ||
| Q3 25 | 0.76× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 1.82× | — | ||
| Q4 24 | 5.02× | — | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 1.86× | — | ||
| Q1 24 | 1.23× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
