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Side-by-side financial comparison of Wheels Up Experience Inc. (UP) and VICOR CORP (VICR). 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 $113.0M, roughly 1.6× VICOR CORP). VICOR CORP runs the higher net margin — 18.3% vs -15.7%, a 34.0% gap on every dollar of revenue. On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs -10.2%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% 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.
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
UP vs VICR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.8M | $113.0M |
| Net Profit | $-28.9M | $20.7M |
| Gross Margin | 14.3% | — |
| Operating Margin | -0.9% | 59.7% |
| Net Margin | -15.7% | 18.3% |
| Revenue YoY | -10.2% | 20.2% |
| Net Profit YoY | 67.0% | 713.9% |
| EPS (diluted) | $-0.04 | $0.44 |
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.
| Q1 26 | — | $113.0M | ||
| Q4 25 | $183.8M | $107.3M | ||
| Q3 25 | $185.5M | $110.4M | ||
| Q2 25 | $189.6M | $96.0M | ||
| Q1 25 | $177.5M | $94.0M | ||
| Q4 24 | $204.8M | $96.2M | ||
| Q3 24 | $193.9M | $93.2M | ||
| Q2 24 | $196.3M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | $-28.9M | $46.5M | ||
| Q3 25 | $-83.7M | $28.3M | ||
| Q2 25 | $-82.3M | $41.2M | ||
| Q1 25 | $-99.3M | $2.5M | ||
| Q4 24 | $-87.5M | $10.2M | ||
| Q3 24 | $-57.7M | $11.6M | ||
| Q2 24 | $-97.0M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | 14.3% | 55.4% | ||
| Q3 25 | 6.8% | 57.5% | ||
| Q2 25 | 8.3% | 95.9% | ||
| Q1 25 | 10.8% | 47.2% | ||
| Q4 24 | 13.9% | 52.4% | ||
| Q3 24 | 13.9% | 49.1% | ||
| Q2 24 | 2.3% | 49.8% |
| Q1 26 | — | 59.7% | ||
| Q4 25 | -0.9% | 14.6% | ||
| Q3 25 | -33.1% | 18.9% | ||
| Q2 25 | -31.4% | 47.3% | ||
| Q1 25 | -45.5% | -0.2% | ||
| Q4 24 | -26.0% | 9.6% | ||
| Q3 24 | -21.6% | 5.8% | ||
| Q2 24 | -40.3% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | -15.7% | 43.4% | ||
| Q3 25 | -45.1% | 25.6% | ||
| Q2 25 | -43.4% | 42.9% | ||
| Q1 25 | -55.9% | 2.7% | ||
| Q4 24 | -42.7% | 10.7% | ||
| Q3 24 | -29.8% | 12.4% | ||
| Q2 24 | -49.4% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $-0.04 | $1.01 | ||
| Q3 25 | $-0.12 | $0.63 | ||
| Q2 25 | $-0.12 | $0.91 | ||
| Q1 25 | $-0.14 | $0.06 | ||
| Q4 24 | $-0.13 | $0.24 | ||
| Q3 24 | $-0.08 | $0.26 | ||
| Q2 24 | $-0.14 | $-0.03 |
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 | $404.2M |
| Total DebtLower is stronger | $671.3M | — |
| Stockholders' EquityBook value | $-392.1M | $754.1M |
| Total Assets | $968.8M | $804.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | $133.9M | $402.8M | ||
| Q3 25 | $125.3M | $362.4M | ||
| Q2 25 | $107.0M | $338.5M | ||
| Q1 25 | $171.8M | $296.1M | ||
| Q4 24 | $216.4M | $277.3M | ||
| Q3 24 | $115.9M | $267.6M | ||
| Q2 24 | $141.5M | $251.9M |
| Q1 26 | — | — | ||
| 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 26 | — | $754.1M | ||
| Q4 25 | $-392.1M | $711.6M | ||
| Q3 25 | $-374.5M | $630.1M | ||
| Q2 25 | $-347.8M | $608.6M | ||
| Q1 25 | $-288.1M | $580.3M | ||
| Q4 24 | $-202.1M | $570.1M | ||
| Q3 24 | $-117.7M | $554.6M | ||
| Q2 24 | $-72.2M | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | $968.8M | $785.8M | ||
| Q3 25 | $973.0M | $710.2M | ||
| Q2 25 | $1.0B | $693.5M | ||
| Q1 25 | $1.1B | $665.0M | ||
| Q4 24 | $1.2B | $641.1M | ||
| Q3 24 | $1.0B | $632.8M | ||
| Q2 24 | $1.1B | $613.2M |
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 | — |
| Free Cash FlowOCF − Capex | $-58.3M | — |
| FCF MarginFCF / Revenue | -31.7% | — |
| Capex IntensityCapex / Revenue | 21.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-259.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-18.4M | $15.7M | ||
| Q3 25 | $-37.1M | $38.5M | ||
| Q2 25 | $-62.9M | $65.2M | ||
| Q1 25 | $-47.9M | $20.1M | ||
| Q4 24 | $37.9M | $10.1M | ||
| Q3 24 | $-16.9M | $22.6M | ||
| Q2 24 | $-25.2M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-58.3M | $10.2M | ||
| Q3 25 | $-60.4M | $34.5M | ||
| Q2 25 | $-78.6M | $59.0M | ||
| Q1 25 | $-62.6M | $15.6M | ||
| Q4 24 | $-70.2M | $8.4M | ||
| Q3 24 | $-21.9M | $14.1M | ||
| Q2 24 | $-30.8M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | -31.7% | 9.5% | ||
| Q3 25 | -32.6% | 31.2% | ||
| Q2 25 | -41.5% | 61.5% | ||
| Q1 25 | -35.3% | 16.6% | ||
| Q4 24 | -34.3% | 8.7% | ||
| Q3 24 | -11.3% | 15.2% | ||
| Q2 24 | -15.7% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 5.2% | ||
| Q3 25 | 12.5% | 3.6% | ||
| Q2 25 | 8.3% | 6.5% | ||
| Q1 25 | 8.3% | 4.8% | ||
| Q4 24 | 52.8% | 1.8% | ||
| Q3 24 | 2.6% | 9.1% | ||
| Q2 24 | 2.9% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.58× | ||
| Q1 25 | — | 7.93× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
UP
Segment breakdown not available.
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
