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Side-by-side financial comparison of UFP TECHNOLOGIES INC (UFPT) 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 $148.9M, roughly 1.2× UFP TECHNOLOGIES INC). UFP TECHNOLOGIES INC runs the higher net margin — 11.8% vs -15.7%, a 27.5% gap on every dollar of revenue. On growth, UFP TECHNOLOGIES INC posted the faster year-over-year revenue change (3.4% vs -10.2%). Over the past eight quarters, UFP TECHNOLOGIES INC's revenue compounded faster (19.1% CAGR vs -3.4%).

UFP Technologies, Inc. is an American multinational developer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products.

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.

UFPT vs UP — Head-to-Head

Bigger by revenue
UP
UP
1.2× larger
UP
$183.8M
$148.9M
UFPT
Growing faster (revenue YoY)
UFPT
UFPT
+13.6% gap
UFPT
3.4%
-10.2%
UP
Higher net margin
UFPT
UFPT
27.5% more per $
UFPT
11.8%
-15.7%
UP
Faster 2-yr revenue CAGR
UFPT
UFPT
Annualised
UFPT
19.1%
-3.4%
UP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
UFPT
UFPT
UP
UP
Revenue
$148.9M
$183.8M
Net Profit
$17.6M
$-28.9M
Gross Margin
28.2%
14.3%
Operating Margin
14.4%
-0.9%
Net Margin
11.8%
-15.7%
Revenue YoY
3.4%
-10.2%
Net Profit YoY
7.3%
67.0%
EPS (diluted)
$2.22
$-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.

Revenue
UFPT
UFPT
UP
UP
Q4 25
$148.9M
$183.8M
Q3 25
$154.6M
$185.5M
Q2 25
$151.2M
$189.6M
Q1 25
$148.1M
$177.5M
Q4 24
$144.1M
$204.8M
Q3 24
$145.2M
$193.9M
Q2 24
$110.2M
$196.3M
Q1 24
$105.0M
$197.1M
Net Profit
UFPT
UFPT
UP
UP
Q4 25
$17.6M
$-28.9M
Q3 25
$16.4M
$-83.7M
Q2 25
$17.2M
$-82.3M
Q1 25
$17.2M
$-99.3M
Q4 24
$16.4M
$-87.5M
Q3 24
$16.4M
$-57.7M
Q2 24
$13.6M
$-97.0M
Q1 24
$12.7M
$-97.4M
Gross Margin
UFPT
UFPT
UP
UP
Q4 25
28.2%
14.3%
Q3 25
27.7%
6.8%
Q2 25
28.8%
8.3%
Q1 25
28.5%
10.8%
Q4 24
29.2%
13.9%
Q3 24
28.6%
13.9%
Q2 24
30.0%
2.3%
Q1 24
28.6%
-0.6%
Operating Margin
UFPT
UFPT
UP
UP
Q4 25
14.4%
-0.9%
Q3 25
15.1%
-33.1%
Q2 25
16.1%
-31.4%
Q1 25
15.6%
-45.5%
Q4 24
15.4%
-26.0%
Q3 24
17.1%
-21.6%
Q2 24
16.3%
-40.3%
Q1 24
15.2%
-42.9%
Net Margin
UFPT
UFPT
UP
UP
Q4 25
11.8%
-15.7%
Q3 25
10.6%
-45.1%
Q2 25
11.4%
-43.4%
Q1 25
11.6%
-55.9%
Q4 24
11.4%
-42.7%
Q3 24
11.3%
-29.8%
Q2 24
12.3%
-49.4%
Q1 24
12.1%
-49.4%
EPS (diluted)
UFPT
UFPT
UP
UP
Q4 25
$2.22
$-0.04
Q3 25
$2.11
$-0.12
Q2 25
$2.21
$-0.12
Q1 25
$2.21
$-0.14
Q4 24
$2.08
$-0.13
Q3 24
$2.11
$-0.08
Q2 24
$1.75
$-0.14
Q1 24
$1.64
$-0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
UFPT
UFPT
UP
UP
Cash + ST InvestmentsLiquidity on hand
$20.3M
$133.9M
Total DebtLower is stronger
$135.5M
$671.3M
Stockholders' EquityBook value
$423.9M
$-392.1M
Total Assets
$655.1M
$968.8M
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UFPT
UFPT
UP
UP
Q4 25
$20.3M
$133.9M
Q3 25
$18.2M
$125.3M
Q2 25
$14.9M
$107.0M
Q1 25
$14.0M
$171.8M
Q4 24
$13.4M
$216.4M
Q3 24
$16.4M
$115.9M
Q2 24
$16.7M
$141.5M
Q1 24
$11.4M
$180.9M
Total Debt
UFPT
UFPT
UP
UP
Q4 25
$135.5M
$671.3M
Q3 25
$146.1M
$766.5M
Q2 25
$163.6M
$770.5M
Q1 25
$163.6M
$765.8M
Q4 24
$189.4M
$761.3M
Q3 24
$212.0M
$596.9M
Q2 24
$35.2M
$597.4M
Q1 24
$34.0M
$603.2M
Stockholders' Equity
UFPT
UFPT
UP
UP
Q4 25
$423.9M
$-392.1M
Q3 25
$403.9M
$-374.5M
Q2 25
$385.5M
$-347.8M
Q1 25
$360.7M
$-288.1M
Q4 24
$342.8M
$-202.1M
Q3 24
$329.1M
$-117.7M
Q2 24
$310.2M
$-72.2M
Q1 24
$295.0M
$936.0K
Total Assets
UFPT
UFPT
UP
UP
Q4 25
$655.1M
$968.8M
Q3 25
$652.8M
$973.0M
Q2 25
$634.7M
$1.0B
Q1 25
$642.6M
$1.1B
Q4 24
$629.0M
$1.2B
Q3 24
$638.5M
$1.0B
Q2 24
$422.4M
$1.1B
Q1 24
$407.7M
$1.2B
Debt / Equity
UFPT
UFPT
UP
UP
Q4 25
0.32×
Q3 25
0.36×
Q2 25
0.42×
Q1 25
0.45×
Q4 24
0.55×
Q3 24
0.64×
Q2 24
0.11×
Q1 24
0.12×
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
UFPT
UFPT
UP
UP
Operating Cash FlowLast quarter
$16.8M
$-18.4M
Free Cash FlowOCF − Capex
$-58.3M
FCF MarginFCF / Revenue
-31.7%
Capex IntensityCapex / Revenue
21.7%
Cash ConversionOCF / Net Profit
0.96×
TTM Free Cash FlowTrailing 4 quarters
$-259.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UFPT
UFPT
UP
UP
Q4 25
$16.8M
$-18.4M
Q3 25
$35.9M
$-37.1M
Q2 25
$25.3M
$-62.9M
Q1 25
$13.8M
$-47.9M
Q4 24
$24.4M
$37.9M
Q3 24
$19.8M
$-16.9M
Q2 24
$11.7M
$-25.2M
Q1 24
$10.7M
$-73.8M
Free Cash Flow
UFPT
UFPT
UP
UP
Q4 25
$-58.3M
Q3 25
$-60.4M
Q2 25
$22.5M
$-78.6M
Q1 25
$11.0M
$-62.6M
Q4 24
$21.4M
$-70.2M
Q3 24
$17.7M
$-21.9M
Q2 24
$8.9M
$-30.8M
Q1 24
$8.9M
$-77.8M
FCF Margin
UFPT
UFPT
UP
UP
Q4 25
-31.7%
Q3 25
-32.6%
Q2 25
14.9%
-41.5%
Q1 25
7.4%
-35.3%
Q4 24
14.9%
-34.3%
Q3 24
12.2%
-11.3%
Q2 24
8.1%
-15.7%
Q1 24
8.5%
-39.5%
Capex Intensity
UFPT
UFPT
UP
UP
Q4 25
21.7%
Q3 25
12.5%
Q2 25
1.9%
8.3%
Q1 25
1.9%
8.3%
Q4 24
2.1%
52.8%
Q3 24
1.5%
2.6%
Q2 24
2.5%
2.9%
Q1 24
1.6%
2.0%
Cash Conversion
UFPT
UFPT
UP
UP
Q4 25
0.96×
Q3 25
2.19×
Q2 25
1.47×
Q1 25
0.80×
Q4 24
1.49×
Q3 24
1.21×
Q2 24
0.86×
Q1 24
0.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

UFPT
UFPT

Products$145.1M97%
Engineering And Development$1.8M1%

UP
UP

Segment breakdown not available.

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