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Side-by-side financial comparison of TRUSTMARK CORP (TRMK) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
TRUSTMARK CORP is the larger business by last-quarter revenue ($204.1M vs $183.8M, roughly 1.1× Wheels Up Experience Inc.). TRUSTMARK CORP runs the higher net margin — 28.4% vs -15.7%, a 44.1% gap on every dollar of revenue. On growth, TRUSTMARK CORP posted the faster year-over-year revenue change (4.5% vs -10.2%). TRUSTMARK CORP produced more free cash flow last quarter ($232.0M vs $-58.3M). Over the past eight quarters, TRUSTMARK CORP's revenue compounded faster (8.9% CAGR vs -3.4%).
Trustmark is an insurance company. According to Crain's Chicago Business magazine, Trustmark ranks #69 among Chicago's Largest Privately Held Companies in 2018.
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.
TRMK vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $204.1M | $183.8M |
| Net Profit | $57.9M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | 34.7% | -0.9% |
| Net Margin | 28.4% | -15.7% |
| Revenue YoY | 4.5% | -10.2% |
| Net Profit YoY | 2.8% | 67.0% |
| EPS (diluted) | $0.96 | $-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 | $204.1M | $183.8M | ||
| Q3 25 | $202.4M | $185.5M | ||
| Q2 25 | $198.6M | $189.6M | ||
| Q1 25 | $194.6M | $177.5M | ||
| Q4 24 | $155.8M | $204.8M | ||
| Q3 24 | $192.3M | $193.9M | ||
| Q2 24 | $141.0M | $196.3M | ||
| Q1 24 | $172.2M | $197.1M |
| Q4 25 | $57.9M | $-28.9M | ||
| Q3 25 | $56.8M | $-83.7M | ||
| Q2 25 | $55.8M | $-82.3M | ||
| Q1 25 | $53.6M | $-99.3M | ||
| Q4 24 | $56.3M | $-87.5M | ||
| Q3 24 | $51.3M | $-57.7M | ||
| Q2 24 | $73.8M | $-97.0M | ||
| Q1 24 | $41.5M | $-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 | 34.7% | -0.9% | ||
| Q3 25 | 34.5% | -33.1% | ||
| Q2 25 | 34.7% | -31.4% | ||
| Q1 25 | 33.6% | -45.5% | ||
| Q4 24 | 41.6% | -26.0% | ||
| Q3 24 | 32.5% | -21.6% | ||
| Q2 24 | -98.1% | -40.3% | ||
| Q1 24 | 26.1% | -42.9% |
| Q4 25 | 28.4% | -15.7% | ||
| Q3 25 | 28.1% | -45.1% | ||
| Q2 25 | 28.1% | -43.4% | ||
| Q1 25 | 27.6% | -55.9% | ||
| Q4 24 | 36.1% | -42.7% | ||
| Q3 24 | 26.7% | -29.8% | ||
| Q2 24 | 52.4% | -49.4% | ||
| Q1 24 | 24.1% | -49.4% |
| Q4 25 | $0.96 | $-0.04 | ||
| Q3 25 | $0.94 | $-0.12 | ||
| Q2 25 | $0.92 | $-0.12 | ||
| Q1 25 | $0.88 | $-0.14 | ||
| Q4 24 | $0.91 | $-0.13 | ||
| Q3 24 | $0.84 | $-0.08 | ||
| Q2 24 | $1.20 | $-0.14 | ||
| Q1 24 | $0.68 | $-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 | — | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $2.1B | $-392.1M |
| Total Assets | $18.9B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $133.9M | ||
| Q3 25 | — | $125.3M | ||
| Q2 25 | — | $107.0M | ||
| Q1 25 | — | $171.8M | ||
| Q4 24 | — | $216.4M | ||
| Q3 24 | — | $115.9M | ||
| Q2 24 | — | $141.5M | ||
| Q1 24 | — | $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 | $2.1B | $-392.1M | ||
| Q3 25 | $2.1B | $-374.5M | ||
| Q2 25 | $2.1B | $-347.8M | ||
| Q1 25 | $2.0B | $-288.1M | ||
| Q4 24 | $2.0B | $-202.1M | ||
| Q3 24 | $2.0B | $-117.7M | ||
| Q2 24 | $1.9B | $-72.2M | ||
| Q1 24 | $1.7B | $936.0K |
| Q4 25 | $18.9B | $968.8M | ||
| Q3 25 | $18.8B | $973.0M | ||
| Q2 25 | $18.6B | $1.0B | ||
| Q1 25 | $18.3B | $1.1B | ||
| Q4 24 | $18.2B | $1.2B | ||
| Q3 24 | $18.5B | $1.0B | ||
| Q2 24 | $18.5B | $1.1B | ||
| Q1 24 | $18.4B | $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 | $243.9M | $-18.4M |
| Free Cash FlowOCF − Capex | $232.0M | $-58.3M |
| FCF MarginFCF / Revenue | 113.6% | -31.7% |
| Capex IntensityCapex / Revenue | 5.9% | 21.7% |
| Cash ConversionOCF / Net Profit | 4.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | $409.8M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.9M | $-18.4M | ||
| Q3 25 | $66.2M | $-37.1M | ||
| Q2 25 | $37.6M | $-62.9M | ||
| Q1 25 | $82.4M | $-47.9M | ||
| Q4 24 | $116.9M | $37.9M | ||
| Q3 24 | $59.5M | $-16.9M | ||
| Q2 24 | $16.7M | $-25.2M | ||
| Q1 24 | $-58.5M | $-73.8M |
| Q4 25 | $232.0M | $-58.3M | ||
| Q3 25 | $62.7M | $-60.4M | ||
| Q2 25 | $34.5M | $-78.6M | ||
| Q1 25 | $80.6M | $-62.6M | ||
| Q4 24 | $93.4M | $-70.2M | ||
| Q3 24 | $51.2M | $-21.9M | ||
| Q2 24 | $10.5M | $-30.8M | ||
| Q1 24 | $-63.6M | $-77.8M |
| Q4 25 | 113.6% | -31.7% | ||
| Q3 25 | 31.0% | -32.6% | ||
| Q2 25 | 17.4% | -41.5% | ||
| Q1 25 | 41.4% | -35.3% | ||
| Q4 24 | 60.0% | -34.3% | ||
| Q3 24 | 26.7% | -11.3% | ||
| Q2 24 | 7.4% | -15.7% | ||
| Q1 24 | -36.9% | -39.5% |
| Q4 25 | 5.9% | 21.7% | ||
| Q3 25 | 1.8% | 12.5% | ||
| Q2 25 | 1.6% | 8.3% | ||
| Q1 25 | 0.9% | 8.3% | ||
| Q4 24 | 15.1% | 52.8% | ||
| Q3 24 | 4.3% | 2.6% | ||
| Q2 24 | 4.4% | 2.9% | ||
| Q1 24 | 2.9% | 2.0% |
| Q4 25 | 4.21× | — | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 1.54× | — | ||
| Q4 24 | 2.08× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 0.23× | — | ||
| Q1 24 | -1.41× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
