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Side-by-side financial comparison of OLAPLEX HOLDINGS, INC. (OLPX) 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 $105.1M, roughly 1.7× OLAPLEX HOLDINGS, INC.). OLAPLEX HOLDINGS, INC. runs the higher net margin — -12.5% vs -15.7%, a 3.2% gap on every dollar of revenue. On growth, OLAPLEX HOLDINGS, INC. posted the faster year-over-year revenue change (4.3% vs -10.2%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $-58.3M). Over the past eight quarters, OLAPLEX HOLDINGS, INC.'s revenue compounded faster (3.1% CAGR vs -3.4%).
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
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.
OLPX vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.1M | $183.8M |
| Net Profit | $-13.1M | $-28.9M |
| Gross Margin | 68.0% | 14.3% |
| Operating Margin | -4.3% | -0.9% |
| Net Margin | -12.5% | -15.7% |
| Revenue YoY | 4.3% | -10.2% |
| Net Profit YoY | -48.9% | 67.0% |
| EPS (diluted) | $-0.02 | $-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 | $105.1M | $183.8M | ||
| Q3 25 | $114.6M | $185.5M | ||
| Q2 25 | $106.3M | $189.6M | ||
| Q1 25 | $97.0M | $177.5M | ||
| Q4 24 | $100.7M | $204.8M | ||
| Q3 24 | $119.1M | $193.9M | ||
| Q2 24 | $103.9M | $196.3M | ||
| Q1 24 | $98.9M | $197.1M |
| Q4 25 | $-13.1M | $-28.9M | ||
| Q3 25 | $11.1M | $-83.7M | ||
| Q2 25 | $-7.7M | $-82.3M | ||
| Q1 25 | $465.0K | $-99.3M | ||
| Q4 24 | $-8.8M | $-87.5M | ||
| Q3 24 | $14.8M | $-57.7M | ||
| Q2 24 | $5.8M | $-97.0M | ||
| Q1 24 | $7.7M | $-97.4M |
| Q4 25 | 68.0% | 14.3% | ||
| Q3 25 | 69.1% | 6.8% | ||
| Q2 25 | 71.2% | 8.3% | ||
| Q1 25 | 69.5% | 10.8% | ||
| Q4 24 | 66.3% | 13.9% | ||
| Q3 24 | 68.6% | 13.9% | ||
| Q2 24 | 69.7% | 2.3% | ||
| Q1 24 | 72.1% | -0.6% |
| Q4 25 | -4.3% | -0.9% | ||
| Q3 25 | 3.7% | -33.1% | ||
| Q2 25 | -1.1% | -31.4% | ||
| Q1 25 | 8.7% | -45.5% | ||
| Q4 24 | 3.0% | -26.0% | ||
| Q3 24 | 23.5% | -21.6% | ||
| Q2 24 | 15.7% | -40.3% | ||
| Q1 24 | 19.8% | -42.9% |
| Q4 25 | -12.5% | -15.7% | ||
| Q3 25 | 9.7% | -45.1% | ||
| Q2 25 | -7.3% | -43.4% | ||
| Q1 25 | 0.5% | -55.9% | ||
| Q4 24 | -8.7% | -42.7% | ||
| Q3 24 | 12.4% | -29.8% | ||
| Q2 24 | 5.6% | -49.4% | ||
| Q1 24 | 7.8% | -49.4% |
| Q4 25 | $-0.02 | $-0.04 | ||
| Q3 25 | $0.02 | $-0.12 | ||
| Q2 25 | $-0.01 | $-0.12 | ||
| Q1 25 | $0.00 | $-0.14 | ||
| Q4 24 | $-0.01 | $-0.13 | ||
| Q3 24 | $0.02 | $-0.08 | ||
| Q2 24 | $0.01 | $-0.14 | ||
| Q1 24 | $0.01 | $-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 | $318.7M | $133.9M |
| Total DebtLower is stronger | $352.3M | $671.3M |
| Stockholders' EquityBook value | $879.4M | $-392.1M |
| Total Assets | $1.5B | $968.8M |
| Debt / EquityLower = less leverage | 0.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.7M | $133.9M | ||
| Q3 25 | $286.4M | $125.3M | ||
| Q2 25 | $289.3M | $107.0M | ||
| Q1 25 | $580.9M | $171.8M | ||
| Q4 24 | $586.0M | $216.4M | ||
| Q3 24 | $538.8M | $115.9M | ||
| Q2 24 | $507.9M | $141.5M | ||
| Q1 24 | $507.5M | $180.9M |
| Q4 25 | $352.3M | $671.3M | ||
| Q3 25 | $352.1M | $766.5M | ||
| Q2 25 | $351.9M | $770.5M | ||
| Q1 25 | $649.1M | $765.8M | ||
| Q4 24 | $650.5M | $761.3M | ||
| Q3 24 | $651.8M | $596.9M | ||
| Q2 24 | $653.1M | $597.4M | ||
| Q1 24 | $654.4M | $603.2M |
| Q4 25 | $879.4M | $-392.1M | ||
| Q3 25 | $888.7M | $-374.5M | ||
| Q2 25 | $874.2M | $-347.8M | ||
| Q1 25 | $878.3M | $-288.1M | ||
| Q4 24 | $874.4M | $-202.1M | ||
| Q3 24 | $879.7M | $-117.7M | ||
| Q2 24 | $863.3M | $-72.2M | ||
| Q1 24 | $855.7M | $936.0K |
| Q4 25 | $1.5B | $968.8M | ||
| Q3 25 | $1.5B | $973.0M | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.8B | $1.0B | ||
| Q2 24 | $1.8B | $1.1B | ||
| Q1 24 | $1.8B | $1.2B |
| Q4 25 | 0.40× | — | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 0.74× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.76× | 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 | $32.7M | $-18.4M |
| Free Cash FlowOCF − Capex | $32.6M | $-58.3M |
| FCF MarginFCF / Revenue | 31.0% | -31.7% |
| Capex IntensityCapex / Revenue | 0.1% | 21.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $58.3M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.7M | $-18.4M | ||
| Q3 25 | $8.0M | $-37.1M | ||
| Q2 25 | $20.9M | $-62.9M | ||
| Q1 25 | $-2.9M | $-47.9M | ||
| Q4 24 | $49.7M | $37.9M | ||
| Q3 24 | $33.5M | $-16.9M | ||
| Q2 24 | $16.2M | $-25.2M | ||
| Q1 24 | $43.7M | $-73.8M |
| Q4 25 | $32.6M | $-58.3M | ||
| Q3 25 | $7.9M | $-60.4M | ||
| Q2 25 | $20.8M | $-78.6M | ||
| Q1 25 | $-3.0M | $-62.6M | ||
| Q4 24 | $49.2M | $-70.2M | ||
| Q3 24 | $33.3M | $-21.9M | ||
| Q2 24 | $16.1M | $-30.8M | ||
| Q1 24 | $43.3M | $-77.8M |
| Q4 25 | 31.0% | -31.7% | ||
| Q3 25 | 6.9% | -32.6% | ||
| Q2 25 | 19.6% | -41.5% | ||
| Q1 25 | -3.1% | -35.3% | ||
| Q4 24 | 48.9% | -34.3% | ||
| Q3 24 | 28.0% | -11.3% | ||
| Q2 24 | 15.5% | -15.7% | ||
| Q1 24 | 43.7% | -39.5% |
| Q4 25 | 0.1% | 21.7% | ||
| Q3 25 | 0.1% | 12.5% | ||
| Q2 25 | 0.1% | 8.3% | ||
| Q1 25 | 0.0% | 8.3% | ||
| Q4 24 | 0.4% | 52.8% | ||
| Q3 24 | 0.1% | 2.6% | ||
| Q2 24 | 0.1% | 2.9% | ||
| Q1 24 | 0.5% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -6.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.26× | — | ||
| Q2 24 | 2.81× | — | ||
| Q1 24 | 5.64× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
UP
Segment breakdown not available.
