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Side-by-side financial comparison of Strategic Education, Inc. (STRA) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Strategic Education, Inc. is the larger business by last-quarter revenue ($305.9M vs $183.8M, roughly 1.7× Wheels Up Experience Inc.). Strategic Education, Inc. runs the higher net margin — 10.7% vs -15.7%, a 26.4% gap on every dollar of revenue. On growth, Strategic Education, Inc. posted the faster year-over-year revenue change (0.8% vs -10.2%). Strategic Education, Inc. produced more free cash flow last quarter ($77.3M vs $-58.3M). Over the past eight quarters, Strategic Education, Inc.'s revenue compounded faster (-1.0% CAGR vs -3.4%).
Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.
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.
STRA vs UP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $305.9M | $183.8M |
| Net Profit | $32.8M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | 13.4% | -0.9% |
| Net Margin | 10.7% | -15.7% |
| Revenue YoY | 0.8% | -10.2% |
| Net Profit YoY | 10.3% | 67.0% |
| EPS (diluted) | $1.48 | $-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.
| Q1 26 | $305.9M | — | ||
| Q4 25 | $323.2M | $183.8M | ||
| Q3 25 | $319.9M | $185.5M | ||
| Q2 25 | $321.5M | $189.6M | ||
| Q1 25 | $303.6M | $177.5M | ||
| Q4 24 | $311.5M | $204.8M | ||
| Q3 24 | $306.0M | $193.9M | ||
| Q2 24 | $312.3M | $196.3M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $37.9M | $-28.9M | ||
| Q3 25 | $26.6M | $-83.7M | ||
| Q2 25 | $32.3M | $-82.3M | ||
| Q1 25 | $29.7M | $-99.3M | ||
| Q4 24 | $25.3M | $-87.5M | ||
| Q3 24 | $27.7M | $-57.7M | ||
| Q2 24 | $29.9M | $-97.0M |
| Q1 26 | — | — | ||
| 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 26 | 13.4% | — | ||
| Q4 25 | 16.0% | -0.9% | ||
| Q3 25 | 11.6% | -33.1% | ||
| Q2 25 | 14.2% | -31.4% | ||
| Q1 25 | 13.1% | -45.5% | ||
| Q4 24 | 11.6% | -26.0% | ||
| Q3 24 | 11.9% | -21.6% | ||
| Q2 24 | 13.4% | -40.3% |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 11.7% | -15.7% | ||
| Q3 25 | 8.3% | -45.1% | ||
| Q2 25 | 10.1% | -43.4% | ||
| Q1 25 | 9.8% | -55.9% | ||
| Q4 24 | 8.1% | -42.7% | ||
| Q3 24 | 9.1% | -29.8% | ||
| Q2 24 | 9.6% | -49.4% |
| Q1 26 | $1.48 | — | ||
| Q4 25 | $1.65 | $-0.04 | ||
| Q3 25 | $1.15 | $-0.12 | ||
| Q2 25 | $1.37 | $-0.12 | ||
| Q1 25 | $1.24 | $-0.14 | ||
| Q4 24 | $1.05 | $-0.13 | ||
| Q3 24 | $1.15 | $-0.08 | ||
| Q2 24 | $1.24 | $-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 | $150.3M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $1.6B | $-392.1M |
| Total Assets | $2.1B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $150.3M | — | ||
| Q4 25 | $148.1M | $133.9M | ||
| Q3 25 | $172.6M | $125.3M | ||
| Q2 25 | $164.9M | $107.0M | ||
| Q1 25 | $182.6M | $171.8M | ||
| Q4 24 | $184.0M | $216.4M | ||
| Q3 24 | $222.1M | $115.9M | ||
| Q2 24 | $256.2M | $141.5M |
| Q1 26 | — | — | ||
| 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 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $-392.1M | ||
| Q3 25 | $1.7B | $-374.5M | ||
| Q2 25 | $1.7B | $-347.8M | ||
| Q1 25 | $1.6B | $-288.1M | ||
| Q4 24 | $1.7B | $-202.1M | ||
| Q3 24 | $1.7B | $-117.7M | ||
| Q2 24 | $1.7B | $-72.2M |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $968.8M | ||
| Q3 25 | $2.1B | $973.0M | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.2B | $1.0B | ||
| Q2 24 | $2.2B | $1.1B |
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 | $87.4M | $-18.4M |
| Free Cash FlowOCF − Capex | $77.3M | $-58.3M |
| FCF MarginFCF / Revenue | 25.3% | -31.7% |
| Capex IntensityCapex / Revenue | — | 21.7% |
| Cash ConversionOCF / Net Profit | 2.66× | — |
| TTM Free Cash FlowTrailing 4 quarters | $173.9M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $87.4M | — | ||
| Q4 25 | $39.2M | $-18.4M | ||
| Q3 25 | $60.1M | $-37.1M | ||
| Q2 25 | $31.2M | $-62.9M | ||
| Q1 25 | $67.7M | $-47.9M | ||
| Q4 24 | $15.9M | $37.9M | ||
| Q3 24 | $51.5M | $-16.9M | ||
| Q2 24 | $24.3M | $-25.2M |
| Q1 26 | $77.3M | — | ||
| Q4 25 | $27.0M | $-58.3M | ||
| Q3 25 | $49.3M | $-60.4M | ||
| Q2 25 | $20.4M | $-78.6M | ||
| Q1 25 | $57.3M | $-62.6M | ||
| Q4 24 | $4.7M | $-70.2M | ||
| Q3 24 | $42.1M | $-21.9M | ||
| Q2 24 | $13.6M | $-30.8M |
| Q1 26 | 25.3% | — | ||
| Q4 25 | 8.3% | -31.7% | ||
| Q3 25 | 15.4% | -32.6% | ||
| Q2 25 | 6.3% | -41.5% | ||
| Q1 25 | 18.9% | -35.3% | ||
| Q4 24 | 1.5% | -34.3% | ||
| Q3 24 | 13.8% | -11.3% | ||
| Q2 24 | 4.3% | -15.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 21.7% | ||
| Q3 25 | 3.4% | 12.5% | ||
| Q2 25 | 3.4% | 8.3% | ||
| Q1 25 | 3.4% | 8.3% | ||
| Q4 24 | 3.6% | 52.8% | ||
| Q3 24 | 3.1% | 2.6% | ||
| Q2 24 | 3.4% | 2.9% |
| Q1 26 | 2.66× | — | ||
| Q4 25 | 1.03× | — | ||
| Q3 25 | 2.26× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 2.27× | — | ||
| Q4 24 | 0.63× | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 0.81× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
UP
Segment breakdown not available.
