vs
Wheels Up Experience Inc.（UP）与Walker & Dunlop, Inc.（WD）财务数据对比。点击上方公司名可切换其他公司
Walker & Dunlop, Inc.的季度营收约是Wheels Up Experience Inc.的1.8倍（$340.0M vs $183.8M），Walker & Dunlop, Inc.净利率更高（-12.9% vs -15.7%，领先2.8%），Walker & Dunlop, Inc.同比增速更快（-0.4% vs -10.2%），Wheels Up Experience Inc.自由现金流更多（$-58.3M vs $-680.1M），过去两年Walker & Dunlop, Inc.的营收复合增速更高（22.1% vs -3.4%）
Wheels Up是美国领先的按需私人航空服务提供商，也是全球规模最大的私人航空企业之一。公司由肯尼·迪希特创立于2013年，采用会员制按需服务的商业模式，会员可通过移动应用程序，从公司自有机队及第三方运营商处预订私人飞机出行。
Walker & Dunlop, Inc.是美国乃至全球规模领先的商业地产金融与咨询服务机构，为客户提供覆盖商业地产领域的多元金融解决方案及专业咨询服务，业务辐射全球多个市场，在行业内拥有深厚的资源积累与广泛的市场认可度。
UP vs WD — 直观对比
营收规模更大
WD
是对方的1.8倍
$183.8M
营收增速更快
WD
高出9.8%
-10.2%
净利率更高
WD
高出2.8%
-15.7%
自由现金流更多
UP
多$621.8M
$-680.1M
两年增速更快
WD
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $183.8M | $340.0M |
| 净利润 | $-28.9M | $-13.9M |
| 毛利率 | 14.3% | — |
| 营业利润率 | -0.9% | -17.2% |
| 净利率 | -15.7% | -12.9% |
| 营收同比 | -10.2% | -0.4% |
| 净利润同比 | 67.0% | -131.0% |
| 每股收益（稀释后） | $-0.04 | $-0.41 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收UPWD
| Q4 25 | $183.8M | $340.0M | ||
| Q3 25 | $185.5M | $337.7M | ||
| Q2 25 | $189.6M | $319.2M | ||
| Q1 25 | $177.5M | $237.4M | ||
| Q4 24 | $204.8M | $341.5M | ||
| Q3 24 | $193.9M | $292.3M | ||
| Q2 24 | $196.3M | $270.7M | ||
| Q1 24 | $197.1M | $228.1M |
净利润UPWD
| Q4 25 | $-28.9M | $-13.9M | ||
| Q3 25 | $-83.7M | $33.5M | ||
| Q2 25 | $-82.3M | $34.0M | ||
| Q1 25 | $-99.3M | $2.8M | ||
| Q4 24 | $-87.5M | $44.8M | ||
| Q3 24 | $-57.7M | $28.8M | ||
| Q2 24 | $-97.0M | $22.7M | ||
| Q1 24 | $-97.4M | $11.9M |
毛利率UPWD
| 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% | — |
营业利润率UPWD
| Q4 25 | -0.9% | -17.2% | ||
| Q3 25 | -33.1% | 13.6% | ||
| Q2 25 | -31.4% | 14.5% | ||
| Q1 25 | -45.5% | 2.2% | ||
| Q4 24 | -26.0% | 15.3% | ||
| Q3 24 | -21.6% | 12.8% | ||
| Q2 24 | -40.3% | 10.4% | ||
| Q1 24 | -42.9% | 6.0% |
净利率UPWD
| Q4 25 | -15.7% | -12.9% | ||
| Q3 25 | -45.1% | 9.9% | ||
| Q2 25 | -43.4% | 10.6% | ||
| Q1 25 | -55.9% | 1.2% | ||
| Q4 24 | -42.7% | 13.1% | ||
| Q3 24 | -29.8% | 9.9% | ||
| Q2 24 | -49.4% | 8.4% | ||
| Q1 24 | -49.4% | 5.2% |
每股收益（稀释后）UPWD
| Q4 25 | $-0.04 | $-0.41 | ||
| Q3 25 | $-0.12 | $0.98 | ||
| Q2 25 | $-0.12 | $0.99 | ||
| Q1 25 | $-0.14 | $0.08 | ||
| Q4 24 | $-0.13 | $1.32 | ||
| Q3 24 | $-0.08 | $0.85 | ||
| Q2 24 | $-0.14 | $0.67 | ||
| Q1 24 | $-0.14 | $0.35 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $133.9M | $299.3M |
| 总债务越低越好 | $671.3M | — |
| 股东权益账面价值 | $-392.1M | $1.7B |
| 总资产 | $968.8M | $5.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资UPWD
| Q4 25 | $133.9M | $299.3M | ||
| Q3 25 | $125.3M | $274.8M | ||
| Q2 25 | $107.0M | $233.7M | ||
| Q1 25 | $171.8M | $181.0M | ||
| Q4 24 | $216.4M | $279.3M | ||
| Q3 24 | $115.9M | $179.8M | ||
| Q2 24 | $141.5M | $208.1M | ||
| Q1 24 | $180.9M | $216.5M |
总债务UPWD
| 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 | — |
股东权益UPWD
| Q4 25 | $-392.1M | $1.7B | ||
| Q3 25 | $-374.5M | $1.8B | ||
| Q2 25 | $-347.8M | $1.8B | ||
| Q1 25 | $-288.1M | $1.7B | ||
| Q4 24 | $-202.1M | $1.7B | ||
| Q3 24 | $-117.7M | $1.7B | ||
| Q2 24 | $-72.2M | $1.7B | ||
| Q1 24 | $936.0K | $1.7B |
总资产UPWD
| Q4 25 | $968.8M | $5.1B | ||
| Q3 25 | $973.0M | $5.8B | ||
| Q2 25 | $1.0B | $4.7B | ||
| Q1 25 | $1.1B | $4.5B | ||
| Q4 24 | $1.2B | $4.4B | ||
| Q3 24 | $1.0B | $4.6B | ||
| Q2 24 | $1.1B | $4.2B | ||
| Q1 24 | $1.2B | $3.8B |
负债/权益比UPWD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 644.43× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-18.4M | $-664.3M |
| 自由现金流经营现金流 - 资本支出 | $-58.3M | $-680.1M |
| 自由现金流率自由现金流/营收 | -31.7% | -200.0% |
| 资本支出强度资本支出/营收 | 21.7% | 4.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-259.9M | $-2.2B |
8季度趋势，按日历期对齐
经营现金流UPWD
| Q4 25 | $-18.4M | $-664.3M | ||
| Q3 25 | $-37.1M | $-948.1M | ||
| Q2 25 | $-62.9M | $-238.5M | ||
| Q1 25 | $-47.9M | $-281.1M | ||
| Q4 24 | $37.9M | $129.4M | ||
| Q3 24 | $-16.9M | $-202.0M | ||
| Q2 24 | $-25.2M | $-237.8M | ||
| Q1 24 | $-73.8M | $38.4M |
自由现金流UPWD
| Q4 25 | $-58.3M | $-680.1M | ||
| Q3 25 | $-60.4M | $-950.4M | ||
| Q2 25 | $-78.6M | $-241.0M | ||
| Q1 25 | $-62.6M | $-284.7M | ||
| Q4 24 | $-70.2M | $116.4M | ||
| Q3 24 | $-21.9M | $-204.0M | ||
| Q2 24 | $-30.8M | $-241.7M | ||
| Q1 24 | $-77.8M | $35.2M |
自由现金流率UPWD
| Q4 25 | -31.7% | -200.0% | ||
| Q3 25 | -32.6% | -281.5% | ||
| Q2 25 | -41.5% | -75.5% | ||
| Q1 25 | -35.3% | -120.0% | ||
| Q4 24 | -34.3% | 34.1% | ||
| Q3 24 | -11.3% | -69.8% | ||
| Q2 24 | -15.7% | -89.3% | ||
| Q1 24 | -39.5% | 15.4% |
资本支出强度UPWD
| Q4 25 | 21.7% | 4.6% | ||
| Q3 25 | 12.5% | 0.7% | ||
| Q2 25 | 8.3% | 0.8% | ||
| Q1 25 | 8.3% | 1.5% | ||
| Q4 24 | 52.8% | 3.8% | ||
| Q3 24 | 2.6% | 0.7% | ||
| Q2 24 | 2.9% | 1.4% | ||
| Q1 24 | 2.0% | 1.4% |
现金转化率UPWD
| Q4 25 | — | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | -7.01× | ||
| Q2 24 | — | -10.49× | ||
| Q1 24 | — | 3.24× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
