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Side-by-side financial comparison of CPI Card Group Inc. (PMTS) 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 $153.1M, roughly 1.2× CPI Card Group Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs -15.7%, a 20.5% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -10.2%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $-58.3M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% CAGR vs -3.4%).
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
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.
PMTS vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $153.1M | $183.8M |
| Net Profit | $7.3M | $-28.9M |
| Gross Margin | 31.5% | 14.3% |
| Operating Margin | 12.0% | -0.9% |
| Net Margin | 4.8% | -15.7% |
| Revenue YoY | 22.3% | -10.2% |
| Net Profit YoY | 8.5% | 67.0% |
| EPS (diluted) | $0.62 | $-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 | $153.1M | $183.8M | ||
| Q3 25 | $138.0M | $185.5M | ||
| Q2 25 | $129.8M | $189.6M | ||
| Q1 25 | $122.8M | $177.5M | ||
| Q4 24 | $125.1M | $204.8M | ||
| Q3 24 | $124.8M | $193.9M | ||
| Q2 24 | $118.8M | $196.3M | ||
| Q1 24 | $111.9M | $197.1M |
| Q4 25 | $7.3M | $-28.9M | ||
| Q3 25 | $2.3M | $-83.7M | ||
| Q2 25 | $518.0K | $-82.3M | ||
| Q1 25 | $4.8M | $-99.3M | ||
| Q4 24 | $6.8M | $-87.5M | ||
| Q3 24 | $1.3M | $-57.7M | ||
| Q2 24 | $6.0M | $-97.0M | ||
| Q1 24 | $5.5M | $-97.4M |
| Q4 25 | 31.5% | 14.3% | ||
| Q3 25 | 29.7% | 6.8% | ||
| Q2 25 | 30.9% | 8.3% | ||
| Q1 25 | 33.2% | 10.8% | ||
| Q4 24 | 34.1% | 13.9% | ||
| Q3 24 | 35.8% | 13.9% | ||
| Q2 24 | 35.7% | 2.3% | ||
| Q1 24 | 37.1% | -0.6% |
| Q4 25 | 12.0% | -0.9% | ||
| Q3 25 | 9.4% | -33.1% | ||
| Q2 25 | 7.3% | -31.4% | ||
| Q1 25 | 11.5% | -45.5% | ||
| Q4 24 | 12.7% | -26.0% | ||
| Q3 24 | 14.3% | -21.6% | ||
| Q2 24 | 12.5% | -40.3% | ||
| Q1 24 | 12.6% | -42.9% |
| Q4 25 | 4.8% | -15.7% | ||
| Q3 25 | 1.7% | -45.1% | ||
| Q2 25 | 0.4% | -43.4% | ||
| Q1 25 | 3.9% | -55.9% | ||
| Q4 24 | 5.4% | -42.7% | ||
| Q3 24 | 1.0% | -29.8% | ||
| Q2 24 | 5.1% | -49.4% | ||
| Q1 24 | 4.9% | -49.4% |
| Q4 25 | $0.62 | $-0.04 | ||
| Q3 25 | $0.19 | $-0.12 | ||
| Q2 25 | $0.04 | $-0.12 | ||
| Q1 25 | $0.40 | $-0.14 | ||
| Q4 24 | $0.56 | $-0.13 | ||
| Q3 24 | $0.11 | $-0.08 | ||
| Q2 24 | $0.51 | $-0.14 | ||
| Q1 24 | $0.46 | $-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 | $21.7M | $133.9M |
| Total DebtLower is stronger | $286.7M | $671.3M |
| Stockholders' EquityBook value | $-17.3M | $-392.1M |
| Total Assets | $403.2M | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.7M | $133.9M | ||
| Q3 25 | $16.0M | $125.3M | ||
| Q2 25 | $17.1M | $107.0M | ||
| Q1 25 | $31.5M | $171.8M | ||
| Q4 24 | $33.5M | $216.4M | ||
| Q3 24 | $14.7M | $115.9M | ||
| Q2 24 | $7.5M | $141.5M | ||
| Q1 24 | $17.1M | $180.9M |
| Q4 25 | $286.7M | $671.3M | ||
| Q3 25 | $308.4M | $766.5M | ||
| Q2 25 | $310.9M | $770.5M | ||
| Q1 25 | $280.7M | $765.8M | ||
| Q4 24 | $280.4M | $761.3M | ||
| Q3 24 | $280.2M | $596.9M | ||
| Q2 24 | $269.7M | $597.4M | ||
| Q1 24 | $265.3M | $603.2M |
| Q4 25 | $-17.3M | $-392.1M | ||
| Q3 25 | $-25.7M | $-374.5M | ||
| Q2 25 | $-29.0M | $-347.8M | ||
| Q1 25 | $-29.7M | $-288.1M | ||
| Q4 24 | $-35.6M | $-202.1M | ||
| Q3 24 | $-42.8M | $-117.7M | ||
| Q2 24 | $-44.6M | $-72.2M | ||
| Q1 24 | $-48.5M | $936.0K |
| Q4 25 | $403.2M | $968.8M | ||
| Q3 25 | $407.1M | $973.0M | ||
| Q2 25 | $399.8M | $1.0B | ||
| Q1 25 | $351.9M | $1.1B | ||
| Q4 24 | $349.7M | $1.2B | ||
| Q3 24 | $342.3M | $1.0B | ||
| Q2 24 | $321.4M | $1.1B | ||
| Q1 24 | $319.8M | $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 | $39.6M | $-18.4M |
| Free Cash FlowOCF − Capex | $35.2M | $-58.3M |
| FCF MarginFCF / Revenue | 23.0% | -31.7% |
| Capex IntensityCapex / Revenue | 2.9% | 21.7% |
| Cash ConversionOCF / Net Profit | 5.39× | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.3M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.6M | $-18.4M | ||
| Q3 25 | $10.0M | $-37.1M | ||
| Q2 25 | $4.3M | $-62.9M | ||
| Q1 25 | $5.6M | $-47.9M | ||
| Q4 24 | $26.7M | $37.9M | ||
| Q3 24 | $12.5M | $-16.9M | ||
| Q2 24 | $-4.8M | $-25.2M | ||
| Q1 24 | $8.9M | $-73.8M |
| Q4 25 | $35.2M | $-58.3M | ||
| Q3 25 | $5.3M | $-60.4M | ||
| Q2 25 | $533.0K | $-78.6M | ||
| Q1 25 | $292.0K | $-62.6M | ||
| Q4 24 | $21.6M | $-70.2M | ||
| Q3 24 | $11.1M | $-21.9M | ||
| Q2 24 | $-6.0M | $-30.8M | ||
| Q1 24 | $7.4M | $-77.8M |
| Q4 25 | 23.0% | -31.7% | ||
| Q3 25 | 3.8% | -32.6% | ||
| Q2 25 | 0.4% | -41.5% | ||
| Q1 25 | 0.2% | -35.3% | ||
| Q4 24 | 17.3% | -34.3% | ||
| Q3 24 | 8.9% | -11.3% | ||
| Q2 24 | -5.0% | -15.7% | ||
| Q1 24 | 6.6% | -39.5% |
| Q4 25 | 2.9% | 21.7% | ||
| Q3 25 | 3.4% | 12.5% | ||
| Q2 25 | 2.9% | 8.3% | ||
| Q1 25 | 4.3% | 8.3% | ||
| Q4 24 | 4.0% | 52.8% | ||
| Q3 24 | 1.2% | 2.6% | ||
| Q2 24 | 1.0% | 2.9% | ||
| Q1 24 | 1.3% | 2.0% |
| Q4 25 | 5.39× | — | ||
| Q3 25 | 4.32× | — | ||
| Q2 25 | 8.39× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 3.94× | — | ||
| Q3 24 | 9.70× | — | ||
| Q2 24 | -0.79× | — | ||
| Q1 24 | 1.63× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
UP
Segment breakdown not available.
