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Side-by-side financial comparison of PTC THERAPEUTICS, INC. (PTCT) 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 $164.7M, roughly 1.1× PTC THERAPEUTICS, INC.). Wheels Up Experience Inc. runs the higher net margin — -15.7% vs -82.0%, a 66.3% gap on every dollar of revenue. On growth, Wheels Up Experience Inc. posted the faster year-over-year revenue change (-10.2% vs -22.7%). PTC THERAPEUTICS, INC. produced more free cash flow last quarter ($-36.6M vs $-58.3M). Over the past eight quarters, Wheels Up Experience Inc.'s revenue compounded faster (-3.4% CAGR vs -11.5%).
PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.
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.
PTCT vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.7M | $183.8M |
| Net Profit | $-135.0M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | -43.3% | -0.9% |
| Net Margin | -82.0% | -15.7% |
| Revenue YoY | -22.7% | -10.2% |
| Net Profit YoY | -104.8% | 67.0% |
| EPS (diluted) | $-1.63 | $-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 | $164.7M | $183.8M | ||
| Q3 25 | $211.0M | $185.5M | ||
| Q2 25 | $178.9M | $189.6M | ||
| Q1 25 | $1.2B | $177.5M | ||
| Q4 24 | $213.2M | $204.8M | ||
| Q3 24 | $196.8M | $193.9M | ||
| Q2 24 | $186.7M | $196.3M | ||
| Q1 24 | $210.1M | $197.1M |
| Q4 25 | $-135.0M | $-28.9M | ||
| Q3 25 | $15.9M | $-83.7M | ||
| Q2 25 | $-64.8M | $-82.3M | ||
| Q1 25 | $866.6M | $-99.3M | ||
| Q4 24 | $-65.9M | $-87.5M | ||
| Q3 24 | $-106.7M | $-57.7M | ||
| Q2 24 | $-99.2M | $-97.0M | ||
| Q1 24 | $-91.6M | $-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 | -43.3% | -0.9% | ||
| Q3 25 | 1.4% | -33.1% | ||
| Q2 25 | -19.5% | -31.4% | ||
| Q1 25 | 82.5% | -45.5% | ||
| Q4 24 | -76.2% | -26.0% | ||
| Q3 24 | -27.7% | -21.6% | ||
| Q2 24 | -21.5% | -40.3% | ||
| Q1 24 | -21.6% | -42.9% |
| Q4 25 | -82.0% | -15.7% | ||
| Q3 25 | 7.5% | -45.1% | ||
| Q2 25 | -36.3% | -43.4% | ||
| Q1 25 | 73.7% | -55.9% | ||
| Q4 24 | -30.9% | -42.7% | ||
| Q3 24 | -54.2% | -29.8% | ||
| Q2 24 | -53.1% | -49.4% | ||
| Q1 24 | -43.6% | -49.4% |
| Q4 25 | $-1.63 | $-0.04 | ||
| Q3 25 | $0.20 | $-0.12 | ||
| Q2 25 | $-0.83 | $-0.12 | ||
| Q1 25 | $10.04 | $-0.14 | ||
| Q4 24 | $-0.85 | $-0.13 | ||
| Q3 24 | $-1.39 | $-0.08 | ||
| Q2 24 | $-1.29 | $-0.14 | ||
| Q1 24 | $-1.20 | $-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 | $1.9B | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $-205.3M | $-392.1M |
| Total Assets | $2.9B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $133.9M | ||
| Q3 25 | $1.7B | $125.3M | ||
| Q2 25 | $2.0B | $107.0M | ||
| Q1 25 | $2.0B | $171.8M | ||
| Q4 24 | $1.1B | $216.4M | ||
| Q3 24 | $1.0B | $115.9M | ||
| Q2 24 | $1.1B | $141.5M | ||
| Q1 24 | $884.8M | $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 | $-205.3M | $-392.1M | ||
| Q3 25 | $-155.8M | $-374.5M | ||
| Q2 25 | $-206.5M | $-347.8M | ||
| Q1 25 | $-185.8M | $-288.1M | ||
| Q4 24 | $-1.1B | $-202.1M | ||
| Q3 24 | $-1.1B | $-117.7M | ||
| Q2 24 | $-980.2M | $-72.2M | ||
| Q1 24 | $-893.9M | $936.0K |
| Q4 25 | $2.9B | $968.8M | ||
| Q3 25 | $2.6B | $973.0M | ||
| Q2 25 | $2.6B | $1.0B | ||
| Q1 25 | $2.7B | $1.1B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.8B | $1.0B | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $1.8B | $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 | $-34.3M | $-18.4M |
| Free Cash FlowOCF − Capex | $-36.6M | $-58.3M |
| FCF MarginFCF / Revenue | -22.3% | -31.7% |
| Capex IntensityCapex / Revenue | 1.4% | 21.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $702.3M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-34.3M | $-18.4M | ||
| Q3 25 | $-66.3M | $-37.1M | ||
| Q2 25 | $-58.3M | $-62.9M | ||
| Q1 25 | $870.1M | $-47.9M | ||
| Q4 24 | $-30.0M | $37.9M | ||
| Q3 24 | $-77.0M | $-16.9M | ||
| Q2 24 | $-71.5M | $-25.2M | ||
| Q1 24 | $70.8M | $-73.8M |
| Q4 25 | $-36.6M | $-58.3M | ||
| Q3 25 | $-69.7M | $-60.4M | ||
| Q2 25 | $-59.6M | $-78.6M | ||
| Q1 25 | $868.4M | $-62.6M | ||
| Q4 24 | $-33.8M | $-70.2M | ||
| Q3 24 | $-77.5M | $-21.9M | ||
| Q2 24 | $-78.8M | $-30.8M | ||
| Q1 24 | $61.2M | $-77.8M |
| Q4 25 | -22.3% | -31.7% | ||
| Q3 25 | -33.1% | -32.6% | ||
| Q2 25 | -33.3% | -41.5% | ||
| Q1 25 | 73.8% | -35.3% | ||
| Q4 24 | -15.8% | -34.3% | ||
| Q3 24 | -39.4% | -11.3% | ||
| Q2 24 | -42.2% | -15.7% | ||
| Q1 24 | 29.1% | -39.5% |
| Q4 25 | 1.4% | 21.7% | ||
| Q3 25 | 1.6% | 12.5% | ||
| Q2 25 | 0.7% | 8.3% | ||
| Q1 25 | 0.1% | 8.3% | ||
| Q4 24 | 1.8% | 52.8% | ||
| Q3 24 | 0.3% | 2.6% | ||
| Q2 24 | 4.0% | 2.9% | ||
| Q1 24 | 4.6% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | -4.17× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.00× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
