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Side-by-side financial comparison of Wheels Up Experience Inc. (UP) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $183.8M, roughly 1.8× Wheels Up Experience Inc.). Wheels Up Experience Inc. runs the higher net margin — -15.7% vs -18.0%, a 2.3% gap on every dollar of revenue. On growth, Wheels Up Experience Inc. posted the faster year-over-year revenue change (-10.2% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $-58.3M). Over the past eight quarters, Wheels Up Experience Inc.'s revenue compounded faster (-3.4% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
UP vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.8M | $334.0M |
| Net Profit | $-28.9M | $-60.0M |
| Gross Margin | 14.3% | — |
| Operating Margin | -0.9% | — |
| Net Margin | -15.7% | -18.0% |
| Revenue YoY | -10.2% | -76.3% |
| Net Profit YoY | 67.0% | -170.6% |
| EPS (diluted) | $-0.04 | $-0.80 |
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 | — | $334.0M | ||
| Q4 25 | $183.8M | $334.0M | ||
| Q3 25 | $185.5M | $382.0M | ||
| Q2 25 | $189.6M | $397.0M | ||
| Q1 25 | $177.5M | $316.0M | ||
| Q4 24 | $204.8M | $336.0M | ||
| Q3 24 | $193.9M | $396.0M | ||
| Q2 24 | $196.3M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $-28.9M | $-60.0M | ||
| Q3 25 | $-83.7M | $105.0M | ||
| Q2 25 | $-82.3M | $87.0M | ||
| Q1 25 | $-99.3M | $61.0M | ||
| Q4 24 | $-87.5M | $85.0M | ||
| Q3 24 | $-57.7M | $102.0M | ||
| Q2 24 | $-97.0M | $86.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -0.9% | -11.4% | ||
| Q3 25 | -33.1% | 46.6% | ||
| Q2 25 | -31.4% | 37.8% | ||
| Q1 25 | -45.5% | 35.4% | ||
| Q4 24 | -26.0% | 38.4% | ||
| Q3 24 | -21.6% | 43.2% | ||
| Q2 24 | -40.3% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | -15.7% | -18.0% | ||
| Q3 25 | -45.1% | 27.5% | ||
| Q2 25 | -43.4% | 21.9% | ||
| Q1 25 | -55.9% | 19.3% | ||
| Q4 24 | -42.7% | 25.3% | ||
| Q3 24 | -29.8% | 25.8% | ||
| Q2 24 | -49.4% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $-0.04 | $-0.77 | ||
| Q3 25 | $-0.12 | $1.36 | ||
| Q2 25 | $-0.12 | $1.13 | ||
| Q1 25 | $-0.14 | $0.78 | ||
| Q4 24 | $-0.13 | $1.06 | ||
| Q3 24 | $-0.08 | $1.29 | ||
| Q2 24 | $-0.14 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | $671.3M | — |
| Stockholders' EquityBook value | $-392.1M | $468.0M |
| Total Assets | $968.8M | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $133.9M | $64.0M | ||
| Q3 25 | $125.3M | $70.0M | ||
| Q2 25 | $107.0M | $50.0M | ||
| Q1 25 | $171.8M | $48.0M | ||
| Q4 24 | $216.4M | $103.0M | ||
| Q3 24 | $115.9M | $72.0M | ||
| Q2 24 | $141.5M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $671.3M | $2.5B | ||
| Q3 25 | $766.5M | $2.6B | ||
| Q2 25 | $770.5M | $2.5B | ||
| Q1 25 | $765.8M | $2.5B | ||
| Q4 24 | $761.3M | $2.4B | ||
| Q3 24 | $596.9M | $2.4B | ||
| Q2 24 | $597.4M | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $-392.1M | $468.0M | ||
| Q3 25 | $-374.5M | $583.0M | ||
| Q2 25 | $-347.8M | $570.0M | ||
| Q1 25 | $-288.1M | $579.0M | ||
| Q4 24 | $-202.1M | $650.0M | ||
| Q3 24 | $-117.7M | $583.0M | ||
| Q2 24 | $-72.2M | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $968.8M | $4.2B | ||
| Q3 25 | $973.0M | $4.3B | ||
| Q2 25 | $1.0B | $4.3B | ||
| Q1 25 | $1.1B | $4.2B | ||
| Q4 24 | $1.2B | $4.2B | ||
| Q3 24 | $1.0B | $4.2B | ||
| Q2 24 | $1.1B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $-58.3M | $168.0M |
| FCF MarginFCF / Revenue | -31.7% | 50.3% |
| Capex IntensityCapex / Revenue | 21.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-259.9M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $-18.4M | $152.0M | ||
| Q3 25 | $-37.1M | $86.0M | ||
| Q2 25 | $-62.9M | $70.0M | ||
| Q1 25 | $-47.9M | $59.0M | ||
| Q4 24 | $37.9M | $134.0M | ||
| Q3 24 | $-16.9M | $79.0M | ||
| Q2 24 | $-25.2M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $-58.3M | $136.0M | ||
| Q3 25 | $-60.4M | $75.0M | ||
| Q2 25 | $-78.6M | $58.0M | ||
| Q1 25 | $-62.6M | $52.0M | ||
| Q4 24 | $-70.2M | $109.0M | ||
| Q3 24 | $-21.9M | $71.0M | ||
| Q2 24 | $-30.8M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | -31.7% | 40.7% | ||
| Q3 25 | -32.6% | 19.6% | ||
| Q2 25 | -41.5% | 14.6% | ||
| Q1 25 | -35.3% | 16.5% | ||
| Q4 24 | -34.3% | 32.4% | ||
| Q3 24 | -11.3% | 17.9% | ||
| Q2 24 | -15.7% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 4.8% | ||
| Q3 25 | 12.5% | 2.9% | ||
| Q2 25 | 8.3% | 3.0% | ||
| Q1 25 | 8.3% | 2.2% | ||
| Q4 24 | 52.8% | 7.4% | ||
| Q3 24 | 2.6% | 2.0% | ||
| Q2 24 | 2.9% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
UP
Segment breakdown not available.
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
