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Side-by-side financial comparison of T1 Energy Inc. (TE) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $183.8M, roughly 1.1× Wheels Up Experience Inc.). Wheels Up Experience Inc. runs the higher net margin — -15.7% vs -62.0%, a 46.3% gap on every dollar of revenue. T1 Energy Inc. produced more free cash flow last quarter ($55.0M vs $-58.3M).
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
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.
TE vs UP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.5M | $183.8M |
| Net Profit | $-130.6M | $-28.9M |
| Gross Margin | 10.0% | 14.3% |
| Operating Margin | -45.0% | -0.9% |
| Net Margin | -62.0% | -15.7% |
| Revenue YoY | — | -10.2% |
| Net Profit YoY | -375.2% | 67.0% |
| EPS (diluted) | $-0.87 | $-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 | — | $183.8M | ||
| Q3 25 | $210.5M | $185.5M | ||
| Q2 25 | $132.8M | $189.6M | ||
| Q1 25 | $53.5M | $177.5M | ||
| Q4 24 | — | $204.8M | ||
| Q3 24 | $0 | $193.9M | ||
| Q2 24 | $0 | $196.3M | ||
| Q1 24 | $0 | $197.1M |
| Q4 25 | — | $-28.9M | ||
| Q3 25 | $-130.6M | $-83.7M | ||
| Q2 25 | $-31.9M | $-82.3M | ||
| Q1 25 | $-16.2M | $-99.3M | ||
| Q4 24 | — | $-87.5M | ||
| Q3 24 | $-27.5M | $-57.7M | ||
| Q2 24 | $-27.0M | $-97.0M | ||
| Q1 24 | $-28.5M | $-97.4M |
| Q4 25 | — | 14.3% | ||
| Q3 25 | 10.0% | 6.8% | ||
| Q2 25 | 24.7% | 8.3% | ||
| Q1 25 | 33.3% | 10.8% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | — | 13.9% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | -0.6% |
| Q4 25 | — | -0.9% | ||
| Q3 25 | -45.0% | -33.1% | ||
| Q2 25 | -22.0% | -31.4% | ||
| Q1 25 | -44.2% | -45.5% | ||
| Q4 24 | — | -26.0% | ||
| Q3 24 | — | -21.6% | ||
| Q2 24 | — | -40.3% | ||
| Q1 24 | — | -42.9% |
| Q4 25 | — | -15.7% | ||
| Q3 25 | -62.0% | -45.1% | ||
| Q2 25 | -24.0% | -43.4% | ||
| Q1 25 | -30.4% | -55.9% | ||
| Q4 24 | — | -42.7% | ||
| Q3 24 | — | -29.8% | ||
| Q2 24 | — | -49.4% | ||
| Q1 24 | — | -49.4% |
| Q4 25 | — | $-0.04 | ||
| Q3 25 | $-0.87 | $-0.12 | ||
| Q2 25 | $-0.21 | $-0.12 | ||
| Q1 25 | $-0.11 | $-0.14 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | $-0.20 | $-0.08 | ||
| Q2 24 | $-0.19 | $-0.14 | ||
| Q1 24 | $-0.20 | $-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 | $34.1M | $133.9M |
| Total DebtLower is stronger | $547.3M | $671.3M |
| Stockholders' EquityBook value | $96.9M | $-392.1M |
| Total Assets | $1.4B | $968.8M |
| Debt / EquityLower = less leverage | 5.65× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $133.9M | ||
| Q3 25 | $34.1M | $125.3M | ||
| Q2 25 | $8.5M | $107.0M | ||
| Q1 25 | $48.9M | $171.8M | ||
| Q4 24 | — | $216.4M | ||
| Q3 24 | $181.9M | $115.9M | ||
| Q2 24 | $219.6M | $141.5M | ||
| Q1 24 | $249.9M | $180.9M |
| Q4 25 | — | $671.3M | ||
| Q3 25 | $547.3M | $766.5M | ||
| Q2 25 | $591.2M | $770.5M | ||
| Q1 25 | $603.2M | $765.8M | ||
| Q4 24 | — | $761.3M | ||
| Q3 24 | — | $596.9M | ||
| Q2 24 | — | $597.4M | ||
| Q1 24 | $602.3M | $603.2M |
| Q4 25 | — | $-392.1M | ||
| Q3 25 | $96.9M | $-374.5M | ||
| Q2 25 | $183.9M | $-347.8M | ||
| Q1 25 | $201.9M | $-288.1M | ||
| Q4 24 | — | $-202.1M | ||
| Q3 24 | $538.7M | $-117.7M | ||
| Q2 24 | $561.6M | $-72.2M | ||
| Q1 24 | $582.3M | $936.0K |
| Q4 25 | — | $968.8M | ||
| Q3 25 | $1.4B | $973.0M | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $615.0M | $1.0B | ||
| Q2 24 | $644.4M | $1.1B | ||
| Q1 24 | $670.3M | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | 5.65× | — | ||
| Q2 25 | 3.21× | — | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.03× | 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 | $63.9M | $-18.4M |
| Free Cash FlowOCF − Capex | $55.0M | $-58.3M |
| FCF MarginFCF / Revenue | 26.1% | -31.7% |
| Capex IntensityCapex / Revenue | 4.2% | 21.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-42.3M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-18.4M | ||
| Q3 25 | $63.9M | $-37.1M | ||
| Q2 25 | $33.4M | $-62.9M | ||
| Q1 25 | $-44.8M | $-47.9M | ||
| Q4 24 | — | $37.9M | ||
| Q3 24 | $-28.4M | $-16.9M | ||
| Q2 24 | $-28.0M | $-25.2M | ||
| Q1 24 | $-16.2M | $-73.8M |
| Q4 25 | — | $-58.3M | ||
| Q3 25 | $55.0M | $-60.4M | ||
| Q2 25 | $10.6M | $-78.6M | ||
| Q1 25 | $-74.0M | $-62.6M | ||
| Q4 24 | — | $-70.2M | ||
| Q3 24 | $-34.0M | $-21.9M | ||
| Q2 24 | $-35.6M | $-30.8M | ||
| Q1 24 | $-37.7M | $-77.8M |
| Q4 25 | — | -31.7% | ||
| Q3 25 | 26.1% | -32.6% | ||
| Q2 25 | 8.0% | -41.5% | ||
| Q1 25 | -138.4% | -35.3% | ||
| Q4 24 | — | -34.3% | ||
| Q3 24 | — | -11.3% | ||
| Q2 24 | — | -15.7% | ||
| Q1 24 | — | -39.5% |
| Q4 25 | — | 21.7% | ||
| Q3 25 | 4.2% | 12.5% | ||
| Q2 25 | 17.2% | 8.3% | ||
| Q1 25 | 54.5% | 8.3% | ||
| Q4 24 | — | 52.8% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 2.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
UP
Segment breakdown not available.
