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Side-by-side financial comparison of Wheels Up Experience Inc. (UP) and Utz Brands, Inc. (UTZ). Click either name above to swap in a different company.
Utz Brands, Inc. is the larger business by last-quarter revenue ($341.0M vs $183.8M, roughly 1.9× Wheels Up Experience Inc.). Utz Brands, Inc. runs the higher net margin — 0.7% vs -15.7%, a 16.4% gap on every dollar of revenue. On growth, Utz Brands, Inc. posted the faster year-over-year revenue change (-3.1% vs -10.2%). Utz Brands, Inc. produced more free cash flow last quarter ($16.5M vs $-58.3M). Over the past eight quarters, Utz Brands, Inc.'s revenue compounded faster (-1.5% 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.
Utz Brands, Inc., more commonly known as Utz, is an American snack food company based in Hanover, Pennsylvania. The company produces a variety of potato chips, pretzels, and other snacks, with most products sold under their family of brands. Utz is also a snack supplier to warehouse clubs and merchandisers.
UP vs UTZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2024
| Metric | | |
|---|---|---|
| Revenue | $183.8M | $341.0M |
| Net Profit | $-28.9M | $2.3M |
| Gross Margin | 14.3% | 25.5% |
| Operating Margin | -0.9% | 2.1% |
| Net Margin | -15.7% | 0.7% |
| Revenue YoY | -10.2% | -3.1% |
| Net Profit YoY | 67.0% | 108.3% |
| EPS (diluted) | $-0.04 | $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 | $185.5M | — | ||
| Q2 25 | $189.6M | — | ||
| Q1 25 | $177.5M | — | ||
| Q4 24 | $204.8M | $341.0M | ||
| Q3 24 | $193.9M | $365.5M | ||
| Q2 24 | $196.3M | $356.2M | ||
| Q1 24 | $197.1M | $346.5M |
| Q4 25 | $-28.9M | — | ||
| Q3 25 | $-83.7M | — | ||
| Q2 25 | $-82.3M | — | ||
| Q1 25 | $-99.3M | — | ||
| Q4 24 | $-87.5M | $2.3M | ||
| Q3 24 | $-57.7M | $-2.2M | ||
| Q2 24 | $-97.0M | $19.8M | ||
| Q1 24 | $-97.4M | $-4.0M |
| Q4 25 | 14.3% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 8.3% | — | ||
| Q1 25 | 10.8% | — | ||
| Q4 24 | 13.9% | 25.5% | ||
| Q3 24 | 13.9% | 26.9% | ||
| Q2 24 | 2.3% | 26.7% | ||
| Q1 24 | -0.6% | 25.5% |
| Q4 25 | -0.9% | — | ||
| Q3 25 | -33.1% | — | ||
| Q2 25 | -31.4% | — | ||
| Q1 25 | -45.5% | — | ||
| Q4 24 | -26.0% | 2.1% | ||
| Q3 24 | -21.6% | 5.3% | ||
| Q2 24 | -40.3% | 6.3% | ||
| Q1 24 | -42.9% | 2.8% |
| Q4 25 | -15.7% | — | ||
| Q3 25 | -45.1% | — | ||
| Q2 25 | -43.4% | — | ||
| Q1 25 | -55.9% | — | ||
| Q4 24 | -42.7% | 0.7% | ||
| Q3 24 | -29.8% | -0.6% | ||
| Q2 24 | -49.4% | 5.6% | ||
| Q1 24 | -49.4% | -1.2% |
| Q4 25 | $-0.04 | — | ||
| Q3 25 | $-0.12 | — | ||
| Q2 25 | $-0.12 | — | ||
| Q1 25 | $-0.14 | — | ||
| Q4 24 | $-0.13 | $0.04 | ||
| Q3 24 | $-0.08 | $-0.03 | ||
| Q2 24 | $-0.14 | $0.23 | ||
| Q1 24 | $-0.14 | $-0.05 |
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 | $56.1M |
| Total DebtLower is stronger | $671.3M | $768.6M |
| Stockholders' EquityBook value | $-392.1M | $696.9M |
| Total Assets | $968.8M | $2.7B |
| Debt / EquityLower = less leverage | — | 1.10× |
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 | $56.1M | ||
| Q3 24 | $115.9M | $64.9M | ||
| Q2 24 | $141.5M | $66.6M | ||
| Q1 24 | $180.9M | $47.0M |
| Q4 25 | $671.3M | — | ||
| Q3 25 | $766.5M | — | ||
| Q2 25 | $770.5M | — | ||
| Q1 25 | $765.8M | — | ||
| Q4 24 | $761.3M | $768.6M | ||
| Q3 24 | $596.9M | $780.8M | ||
| Q2 24 | $597.4M | $797.6M | ||
| Q1 24 | $603.2M | $756.9M |
| Q4 25 | $-392.1M | — | ||
| Q3 25 | $-374.5M | — | ||
| Q2 25 | $-347.8M | — | ||
| Q1 25 | $-288.1M | — | ||
| Q4 24 | $-202.1M | $696.9M | ||
| Q3 24 | $-117.7M | $685.7M | ||
| Q2 24 | $-72.2M | $686.0M | ||
| Q1 24 | $936.0K | $671.1M |
| Q4 25 | $968.8M | — | ||
| Q3 25 | $973.0M | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.2B | $2.7B | ||
| Q3 24 | $1.0B | $2.6B | ||
| Q2 24 | $1.1B | $2.7B | ||
| Q1 24 | $1.2B | $2.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.10× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.16× | ||
| Q1 24 | 644.43× | 1.13× |
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 | $54.2M |
| Free Cash FlowOCF − Capex | $-58.3M | $16.5M |
| FCF MarginFCF / Revenue | -31.7% | 4.8% |
| Capex IntensityCapex / Revenue | 21.7% | 11.1% |
| Cash ConversionOCF / Net Profit | — | 23.67× |
| TTM Free Cash FlowTrailing 4 quarters | $-259.9M | $7.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.4M | — | ||
| Q3 25 | $-37.1M | — | ||
| Q2 25 | $-62.9M | — | ||
| Q1 25 | $-47.9M | — | ||
| Q4 24 | $37.9M | $54.2M | ||
| Q3 24 | $-16.9M | $52.2M | ||
| Q2 24 | $-25.2M | $8.9M | ||
| Q1 24 | $-73.8M | $-9.1M |
| Q4 25 | $-58.3M | — | ||
| Q3 25 | $-60.4M | — | ||
| Q2 25 | $-78.6M | — | ||
| Q1 25 | $-62.6M | — | ||
| Q4 24 | $-70.2M | $16.5M | ||
| Q3 24 | $-21.9M | $29.1M | ||
| Q2 24 | $-30.8M | $-15.3M | ||
| Q1 24 | $-77.8M | $-22.7M |
| Q4 25 | -31.7% | — | ||
| Q3 25 | -32.6% | — | ||
| Q2 25 | -41.5% | — | ||
| Q1 25 | -35.3% | — | ||
| Q4 24 | -34.3% | 4.8% | ||
| Q3 24 | -11.3% | 8.0% | ||
| Q2 24 | -15.7% | -4.3% | ||
| Q1 24 | -39.5% | -6.5% |
| Q4 25 | 21.7% | — | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 8.3% | — | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 52.8% | 11.1% | ||
| Q3 24 | 2.6% | 6.3% | ||
| Q2 24 | 2.9% | 6.8% | ||
| Q1 24 | 2.0% | 3.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 23.67× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.45× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
