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Side-by-side financial comparison of Palomar Holdings, Inc. (PLMR) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Palomar Holdings, Inc. is the larger business by last-quarter revenue ($253.4M vs $183.8M, roughly 1.4× Wheels Up Experience Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs -10.2%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $-58.3M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% CAGR vs -3.4%).
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
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.
PLMR vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $253.4M | $183.8M |
| Net Profit | — | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | 28.7% | -0.9% |
| Net Margin | — | -15.7% |
| Revenue YoY | 62.7% | -10.2% |
| Net Profit YoY | — | 67.0% |
| EPS (diluted) | $2.05 | $-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 | $253.4M | $183.8M | ||
| Q3 25 | $244.7M | $185.5M | ||
| Q2 25 | $203.3M | $189.6M | ||
| Q1 25 | $174.6M | $177.5M | ||
| Q4 24 | $155.8M | $204.8M | ||
| Q3 24 | $148.5M | $193.9M | ||
| Q2 24 | $131.1M | $196.3M | ||
| Q1 24 | $118.5M | $197.1M |
| Q4 25 | — | $-28.9M | ||
| Q3 25 | $51.5M | $-83.7M | ||
| Q2 25 | $46.5M | $-82.3M | ||
| Q1 25 | $42.9M | $-99.3M | ||
| Q4 24 | — | $-87.5M | ||
| Q3 24 | $30.5M | $-57.7M | ||
| Q2 24 | $25.7M | $-97.0M | ||
| Q1 24 | $26.4M | $-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 | 28.7% | -0.9% | ||
| Q3 25 | 27.4% | -33.1% | ||
| Q2 25 | 29.5% | -31.4% | ||
| Q1 25 | 30.8% | -45.5% | ||
| Q4 24 | 28.9% | -26.0% | ||
| Q3 24 | 25.9% | -21.6% | ||
| Q2 24 | 25.5% | -40.3% | ||
| Q1 24 | 29.0% | -42.9% |
| Q4 25 | — | -15.7% | ||
| Q3 25 | 21.0% | -45.1% | ||
| Q2 25 | 22.9% | -43.4% | ||
| Q1 25 | 24.6% | -55.9% | ||
| Q4 24 | — | -42.7% | ||
| Q3 24 | 20.5% | -29.8% | ||
| Q2 24 | 19.6% | -49.4% | ||
| Q1 24 | 22.3% | -49.4% |
| Q4 25 | $2.05 | $-0.04 | ||
| Q3 25 | $1.87 | $-0.12 | ||
| Q2 25 | $1.68 | $-0.12 | ||
| Q1 25 | $1.57 | $-0.14 | ||
| Q4 24 | $1.29 | $-0.13 | ||
| Q3 24 | $1.15 | $-0.08 | ||
| Q2 24 | $1.00 | $-0.14 | ||
| Q1 24 | $1.04 | $-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 | $106.9M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $942.7M | $-392.1M |
| Total Assets | $3.1B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.9M | $133.9M | ||
| Q3 25 | $111.7M | $125.3M | ||
| Q2 25 | $81.3M | $107.0M | ||
| Q1 25 | $119.3M | $171.8M | ||
| Q4 24 | $80.4M | $216.4M | ||
| Q3 24 | $86.5M | $115.9M | ||
| Q2 24 | $47.8M | $141.5M | ||
| Q1 24 | $61.4M | $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 | $942.7M | $-392.1M | ||
| Q3 25 | $878.1M | $-374.5M | ||
| Q2 25 | $847.2M | $-347.8M | ||
| Q1 25 | $790.4M | $-288.1M | ||
| Q4 24 | $729.0M | $-202.1M | ||
| Q3 24 | $703.3M | $-117.7M | ||
| Q2 24 | $532.6M | $-72.2M | ||
| Q1 24 | $501.7M | $936.0K |
| Q4 25 | $3.1B | $968.8M | ||
| Q3 25 | $2.9B | $973.0M | ||
| Q2 25 | $2.8B | $1.0B | ||
| Q1 25 | $2.4B | $1.1B | ||
| Q4 24 | $2.3B | $1.2B | ||
| Q3 24 | $2.3B | $1.0B | ||
| Q2 24 | $2.0B | $1.1B | ||
| Q1 24 | $1.9B | $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 | $409.1M | $-18.4M |
| Free Cash FlowOCF − Capex | $409.0M | $-58.3M |
| FCF MarginFCF / Revenue | 161.4% | -31.7% |
| Capex IntensityCapex / Revenue | 0.1% | 21.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $700.6M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $409.1M | $-18.4M | ||
| Q3 25 | $83.6M | $-37.1M | ||
| Q2 25 | $120.9M | $-62.9M | ||
| Q1 25 | $87.2M | $-47.9M | ||
| Q4 24 | $261.2M | $37.9M | ||
| Q3 24 | $100.3M | $-16.9M | ||
| Q2 24 | $55.1M | $-25.2M | ||
| Q1 24 | $33.1M | $-73.8M |
| Q4 25 | $409.0M | $-58.3M | ||
| Q3 25 | $83.6M | $-60.4M | ||
| Q2 25 | $120.8M | $-78.6M | ||
| Q1 25 | $87.1M | $-62.6M | ||
| Q4 24 | $260.9M | $-70.2M | ||
| Q3 24 | $100.1M | $-21.9M | ||
| Q2 24 | — | $-30.8M | ||
| Q1 24 | — | $-77.8M |
| Q4 25 | 161.4% | -31.7% | ||
| Q3 25 | 34.2% | -32.6% | ||
| Q2 25 | 59.4% | -41.5% | ||
| Q1 25 | 49.9% | -35.3% | ||
| Q4 24 | 167.5% | -34.3% | ||
| Q3 24 | 67.4% | -11.3% | ||
| Q2 24 | — | -15.7% | ||
| Q1 24 | — | -39.5% |
| Q4 25 | 0.1% | 21.7% | ||
| Q3 25 | 0.0% | 12.5% | ||
| Q2 25 | 0.0% | 8.3% | ||
| Q1 25 | 0.0% | 8.3% | ||
| Q4 24 | 0.2% | 52.8% | ||
| Q3 24 | 0.1% | 2.6% | ||
| Q2 24 | 0.0% | 2.9% | ||
| Q1 24 | 0.0% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | 2.60× | — | ||
| Q1 25 | 2.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.29× | — | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 1.26× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
