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Side-by-side financial comparison of Wheels Up Experience Inc. (UP) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $183.8M, roughly 1.2× Wheels Up Experience Inc.). Vital Farms, Inc. runs the higher net margin — 7.6% vs -15.7%, a 23.4% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs -10.2%). Vital Farms, Inc. produced more free cash flow last quarter ($-32.1M vs $-58.3M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
UP vs VITL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.8M | $213.6M |
| Net Profit | $-28.9M | $16.3M |
| Gross Margin | 14.3% | 35.8% |
| Operating Margin | -0.9% | 10.0% |
| Net Margin | -15.7% | 7.6% |
| Revenue YoY | -10.2% | 28.7% |
| Net Profit YoY | 67.0% | 54.3% |
| EPS (diluted) | $-0.04 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $185.5M | $198.9M | ||
| Q2 25 | $189.6M | $184.8M | ||
| Q1 25 | $177.5M | $162.2M | ||
| Q4 24 | $204.8M | $166.0M | ||
| Q3 24 | $193.9M | $145.0M | ||
| Q2 24 | $196.3M | $147.4M | ||
| Q1 24 | $197.1M | $147.9M |
| Q4 25 | $-28.9M | $16.3M | ||
| Q3 25 | $-83.7M | $16.4M | ||
| Q2 25 | $-82.3M | $16.6M | ||
| Q1 25 | $-99.3M | $16.9M | ||
| Q4 24 | $-87.5M | $10.6M | ||
| Q3 24 | $-57.7M | $7.4M | ||
| Q2 24 | $-97.0M | $16.3M | ||
| Q1 24 | $-97.4M | $19.0M |
| Q4 25 | 14.3% | 35.8% | ||
| Q3 25 | 6.8% | 37.7% | ||
| Q2 25 | 8.3% | 38.9% | ||
| Q1 25 | 10.8% | 38.5% | ||
| Q4 24 | 13.9% | 36.1% | ||
| Q3 24 | 13.9% | 36.9% | ||
| Q2 24 | 2.3% | 39.1% | ||
| Q1 24 | -0.6% | 39.8% |
| Q4 25 | -0.9% | 10.0% | ||
| Q3 25 | -33.1% | 10.8% | ||
| Q2 25 | -31.4% | 12.9% | ||
| Q1 25 | -45.5% | 13.4% | ||
| Q4 24 | -26.0% | 7.8% | ||
| Q3 24 | -21.6% | 6.4% | ||
| Q2 24 | -40.3% | 11.6% | ||
| Q1 24 | -42.9% | 16.3% |
| Q4 25 | -15.7% | 7.6% | ||
| Q3 25 | -45.1% | 8.3% | ||
| Q2 25 | -43.4% | 9.0% | ||
| Q1 25 | -55.9% | 10.4% | ||
| Q4 24 | -42.7% | 6.4% | ||
| Q3 24 | -29.8% | 5.1% | ||
| Q2 24 | -49.4% | 11.1% | ||
| Q1 24 | -49.4% | 12.9% |
| Q4 25 | $-0.04 | $0.35 | ||
| Q3 25 | $-0.12 | $0.36 | ||
| Q2 25 | $-0.12 | $0.36 | ||
| Q1 25 | $-0.14 | $0.37 | ||
| Q4 24 | $-0.13 | $0.23 | ||
| Q3 24 | $-0.08 | $0.16 | ||
| Q2 24 | $-0.14 | $0.36 | ||
| Q1 24 | $-0.14 | $0.43 |
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 | $48.8M |
| Total DebtLower is stronger | $671.3M | — |
| Stockholders' EquityBook value | $-392.1M | $351.3M |
| Total Assets | $968.8M | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $133.9M | $48.8M | ||
| Q3 25 | $125.3M | $93.8M | ||
| Q2 25 | $107.0M | $108.2M | ||
| Q1 25 | $171.8M | $156.3M | ||
| Q4 24 | $216.4M | $150.6M | ||
| Q3 24 | $115.9M | $149.5M | ||
| Q2 24 | $141.5M | $133.2M | ||
| Q1 24 | $180.9M | $113.8M |
| 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 | $-392.1M | $351.3M | ||
| Q3 25 | $-374.5M | $331.2M | ||
| Q2 25 | $-347.8M | $309.8M | ||
| Q1 25 | $-288.1M | $288.9M | ||
| Q4 24 | $-202.1M | $269.3M | ||
| Q3 24 | $-117.7M | $253.4M | ||
| Q2 24 | $-72.2M | $238.4M | ||
| Q1 24 | $936.0K | $213.3M |
| Q4 25 | $968.8M | $518.7M | ||
| Q3 25 | $973.0M | $481.5M | ||
| Q2 25 | $1.0B | $430.8M | ||
| Q1 25 | $1.1B | $376.9M | ||
| Q4 24 | $1.2B | $359.3M | ||
| Q3 24 | $1.0B | $344.7M | ||
| Q2 24 | $1.1B | $320.5M | ||
| Q1 24 | $1.2B | $300.2M |
| 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 | $-18.4M | $5.8M |
| Free Cash FlowOCF − Capex | $-58.3M | $-32.1M |
| FCF MarginFCF / Revenue | -31.7% | -15.1% |
| Capex IntensityCapex / Revenue | 21.7% | 17.8% |
| Cash ConversionOCF / Net Profit | — | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $-259.9M | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.4M | $5.8M | ||
| Q3 25 | $-37.1M | $23.4M | ||
| Q2 25 | $-62.9M | $-761.0K | ||
| Q1 25 | $-47.9M | $5.3M | ||
| Q4 24 | $37.9M | $14.8M | ||
| Q3 24 | $-16.9M | $10.0M | ||
| Q2 24 | $-25.2M | $16.1M | ||
| Q1 24 | $-73.8M | $23.9M |
| Q4 25 | $-58.3M | $-32.1M | ||
| Q3 25 | $-60.4M | $-10.6M | ||
| Q2 25 | $-78.6M | $-7.6M | ||
| Q1 25 | $-62.6M | $2.1M | ||
| Q4 24 | $-70.2M | $-3.4M | ||
| Q3 24 | $-21.9M | $6.4M | ||
| Q2 24 | $-30.8M | $10.5M | ||
| Q1 24 | $-77.8M | $22.6M |
| Q4 25 | -31.7% | -15.1% | ||
| Q3 25 | -32.6% | -5.3% | ||
| Q2 25 | -41.5% | -4.1% | ||
| Q1 25 | -35.3% | 1.3% | ||
| Q4 24 | -34.3% | -2.0% | ||
| Q3 24 | -11.3% | 4.4% | ||
| Q2 24 | -15.7% | 7.2% | ||
| Q1 24 | -39.5% | 15.3% |
| Q4 25 | 21.7% | 17.8% | ||
| Q3 25 | 12.5% | 17.1% | ||
| Q2 25 | 8.3% | 3.7% | ||
| Q1 25 | 8.3% | 1.9% | ||
| Q4 24 | 52.8% | 10.9% | ||
| Q3 24 | 2.6% | 2.5% | ||
| Q2 24 | 2.9% | 3.8% | ||
| Q1 24 | 2.0% | 0.9% |
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | -0.05× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | — | 0.99× | ||
| Q1 24 | — | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
UP
Segment breakdown not available.
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
