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Side-by-side financial comparison of Wheels Up Experience Inc. (UP) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). Click either name above to swap in a different company.
UNIVERSAL TECHNICAL INSTITUTE INC is the larger business by last-quarter revenue ($220.8M vs $183.8M, roughly 1.2× Wheels Up Experience Inc.). UNIVERSAL TECHNICAL INSTITUTE INC runs the higher net margin — 5.8% vs -15.7%, a 21.5% gap on every dollar of revenue. On growth, UNIVERSAL TECHNICAL INSTITUTE INC posted the faster year-over-year revenue change (9.6% vs -10.2%). UNIVERSAL TECHNICAL INSTITUTE INC produced more free cash flow last quarter ($-19.2M vs $-58.3M). Over the past eight quarters, UNIVERSAL TECHNICAL INSTITUTE INC's revenue compounded faster (9.5% CAGR vs -3.4%).
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.
Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.
UP vs UTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.8M | $220.8M |
| Net Profit | $-28.9M | $12.8M |
| Gross Margin | 14.3% | — |
| Operating Margin | -0.9% | 7.1% |
| Net Margin | -15.7% | 5.8% |
| Revenue YoY | -10.2% | 9.6% |
| Net Profit YoY | 67.0% | -42.1% |
| EPS (diluted) | $-0.04 | $0.23 |
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 | $220.8M | ||
| Q3 25 | $185.5M | $222.4M | ||
| Q2 25 | $189.6M | $204.3M | ||
| Q1 25 | $177.5M | $207.4M | ||
| Q4 24 | $204.8M | $201.4M | ||
| Q3 24 | $193.9M | $196.4M | ||
| Q2 24 | $196.3M | $177.5M | ||
| Q1 24 | $197.1M | $184.2M |
| Q4 25 | $-28.9M | $12.8M | ||
| Q3 25 | $-83.7M | $18.8M | ||
| Q2 25 | $-82.3M | $10.7M | ||
| Q1 25 | $-99.3M | $11.4M | ||
| Q4 24 | $-87.5M | $22.2M | ||
| Q3 24 | $-57.7M | $18.8M | ||
| Q2 24 | $-97.0M | $5.0M | ||
| Q1 24 | $-97.4M | $7.8M |
| 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 | -0.9% | 7.1% | ||
| Q3 25 | -33.1% | 11.2% | ||
| Q2 25 | -31.4% | 6.9% | ||
| Q1 25 | -45.5% | 8.1% | ||
| Q4 24 | -26.0% | 13.6% | ||
| Q3 24 | -21.6% | 13.3% | ||
| Q2 24 | -40.3% | 4.2% | ||
| Q1 24 | -42.9% | 6.1% |
| Q4 25 | -15.7% | 5.8% | ||
| Q3 25 | -45.1% | 8.4% | ||
| Q2 25 | -43.4% | 5.2% | ||
| Q1 25 | -55.9% | 5.5% | ||
| Q4 24 | -42.7% | 11.0% | ||
| Q3 24 | -29.8% | 9.6% | ||
| Q2 24 | -49.4% | 2.8% | ||
| Q1 24 | -49.4% | 4.2% |
| Q4 25 | $-0.04 | $0.23 | ||
| Q3 25 | $-0.12 | $0.33 | ||
| Q2 25 | $-0.12 | $0.19 | ||
| Q1 25 | $-0.14 | $0.21 | ||
| Q4 24 | $-0.13 | $0.40 | ||
| Q3 24 | $-0.08 | $0.35 | ||
| Q2 24 | $-0.14 | $0.09 | ||
| Q1 24 | $-0.14 | $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 | $162.8M |
| Total DebtLower is stronger | $671.3M | $101.4M |
| Stockholders' EquityBook value | $-392.1M | $335.9M |
| Total Assets | $968.8M | $834.0M |
| Debt / EquityLower = less leverage | — | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $133.9M | $162.8M | ||
| Q3 25 | $125.3M | $169.1M | ||
| Q2 25 | $107.0M | $70.7M | ||
| Q1 25 | $171.8M | $96.0M | ||
| Q4 24 | $216.4M | $172.0M | ||
| Q3 24 | $115.9M | $161.9M | ||
| Q2 24 | $141.5M | $115.5M | ||
| Q1 24 | $180.9M | $116.1M |
| Q4 25 | $671.3M | $101.4M | ||
| Q3 25 | $766.5M | $87.1M | ||
| Q2 25 | $770.5M | $73.8M | ||
| Q1 25 | $765.8M | $94.4M | ||
| Q4 24 | $761.3M | $120.1M | ||
| Q3 24 | $596.9M | $125.7M | ||
| Q2 24 | $597.4M | $137.3M | ||
| Q1 24 | $603.2M | $141.9M |
| Q4 25 | $-392.1M | $335.9M | ||
| Q3 25 | $-374.5M | $328.1M | ||
| Q2 25 | $-347.8M | $306.8M | ||
| Q1 25 | $-288.1M | $293.9M | ||
| Q4 24 | $-202.1M | $280.0M | ||
| Q3 24 | $-117.7M | $260.2M | ||
| Q2 24 | $-72.2M | $239.4M | ||
| Q1 24 | $936.0K | $232.6M |
| Q4 25 | $968.8M | $834.0M | ||
| Q3 25 | $973.0M | $826.1M | ||
| Q2 25 | $1.0B | $740.8M | ||
| Q1 25 | $1.1B | $720.4M | ||
| Q4 24 | $1.2B | $753.8M | ||
| Q3 24 | $1.0B | $744.6M | ||
| Q2 24 | $1.1B | $706.0M | ||
| Q1 24 | $1.2B | $702.1M |
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | 644.43× | 0.61× |
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 | $-18.4M | $3.1M |
| Free Cash FlowOCF − Capex | $-58.3M | $-19.2M |
| FCF MarginFCF / Revenue | -31.7% | -8.7% |
| Capex IntensityCapex / Revenue | 21.7% | 10.1% |
| Cash ConversionOCF / Net Profit | — | 0.24× |
| TTM Free Cash FlowTrailing 4 quarters | $-259.9M | $16.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.4M | $3.1M | ||
| Q3 25 | $-37.1M | $57.1M | ||
| Q2 25 | $-62.9M | $18.1M | ||
| Q1 25 | $-47.9M | $-789.0K | ||
| Q4 24 | $37.9M | $23.0M | ||
| Q3 24 | $-16.9M | $67.5M | ||
| Q2 24 | $-25.2M | $10.0M | ||
| Q1 24 | $-73.8M | $-2.5M |
| Q4 25 | $-58.3M | $-19.2M | ||
| Q3 25 | $-60.4M | $40.6M | ||
| Q2 25 | $-78.6M | $6.8M | ||
| Q1 25 | $-62.6M | $-11.7M | ||
| Q4 24 | $-70.2M | $19.6M | ||
| Q3 24 | $-21.9M | $60.0M | ||
| Q2 24 | $-30.8M | $3.0M | ||
| Q1 24 | $-77.8M | $-8.4M |
| Q4 25 | -31.7% | -8.7% | ||
| Q3 25 | -32.6% | 18.3% | ||
| Q2 25 | -41.5% | 3.4% | ||
| Q1 25 | -35.3% | -5.7% | ||
| Q4 24 | -34.3% | 9.7% | ||
| Q3 24 | -11.3% | 30.6% | ||
| Q2 24 | -15.7% | 1.7% | ||
| Q1 24 | -39.5% | -4.6% |
| Q4 25 | 21.7% | 10.1% | ||
| Q3 25 | 12.5% | 7.4% | ||
| Q2 25 | 8.3% | 5.5% | ||
| Q1 25 | 8.3% | 5.3% | ||
| Q4 24 | 52.8% | 1.7% | ||
| Q3 24 | 2.6% | 3.8% | ||
| Q2 24 | 2.9% | 4.0% | ||
| Q1 24 | 2.0% | 3.2% |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 3.04× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | -0.07× | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | — | 3.58× | ||
| Q2 24 | — | 2.01× | ||
| Q1 24 | — | -0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
UP
Segment breakdown not available.
UTI
| UTI | $142.8M | 65% |
| Concorde | $78.0M | 35% |
