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Wheels Up Valuation Multiples

Discover revenue and EBITDA valuation multiples for Wheels Up and similar public comparables like Abu Dhabi Aviation, Ferrovial, and GMR Airports.

Wheels Up Overview

About Wheels Up

Wheels Up Experience Inc is a provider of on-demand private aviation in the United States. It is pioneering data and technology-driven solutions that connect consumers to safety-vetted and verified private aircraft. It connects private flyers to aircraft, and one another, through an open platform that enables life's most important experiences. Its offering is delivered through a mix of programmatic and charter options that strategically utilize its owned and leased aircraft fleet and an "asset-light" charter model to deliver a greater range of global travel alternatives. The company operates in a single operating and reportable segment, private aviation services. Geographically the company generates the majority of its revenue from the United States.


Founded

2013

HQ

United States of America
Employees

1.9K+

Website

wheelsup.com

Financials

LTM Revenue n/a

LTM EBITDA n/a

EV

$815M

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Wheels Up Financials

Wheels Up has a last 12-month revenue of n/a and a last 12-month EBITDA of n/a.

In the most recent fiscal year, Wheels Up achieved revenue of $792M and an EBITDA of -$217M.

Wheels Up expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Wheels Up P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $1.3B $792M XXX XXX XXX
Gross Profit -$26.5M -$37.7M XXX XXX XXX
Gross Margin -2% -5% XXX XXX XXX
EBITDA -$386M -$217M XXX XXX XXX
EBITDA Margin -31% -27% XXX XXX XXX
Net Profit -$555M -$487M XXX XXX XXX
Net Margin -44% -62% XXX XXX XXX
Net Debt n/a n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Wheels Up Stock Performance

As of April 15, 2025, Wheels Up's stock price is $1.

Wheels Up has current market cap of $559M, and EV of $815M.

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Wheels Up Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$815M $559M XXX XXX XXX XXX n/a

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Wheels Up Valuation Multiples

As of April 15, 2025, Wheels Up has market cap of $559M and EV of $815M.

Wheels Up's trades at n/a LTM EV/Revenue multiple, and n/a LTM EBITDA.

Analysts estimate Wheels Up's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Wheels Up Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $815M XXX XXX XXX
EV/Revenue 1.0x XXX XXX XXX
EV/EBITDA -3.8x XXX XXX XXX
P/E -1.6x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF -3.7x XXX XXX XXX

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Wheels Up Valuation Multiples

Wheels Up's NTM/LTM revenue growth is n/a

Wheels Up's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.1M for the same period.

Over next 12 months, Wheels Up's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Wheels Up's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Wheels Up Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -37% XXX XXX XXX XXX
EBITDA Margin -27% XXX XXX XXX XXX
EBITDA Growth -44% XXX XXX XXX XXX
Rule of 40 (SaaS-only) n/a XXX XXX XXX XXX
Revenue per Employee $0.4M XXX XXX XXX XXX
Opex per Employee $0.1M XXX XXX XXX XXX
S&M Expenses to Revenue 11% XXX XXX XXX XXX
G&A Expenses to Revenue 17% XXX XXX XXX XXX
R&D Expenses to Revenue 5% XXX XXX XXX XXX
Opex to Revenue 33% XXX XXX XXX XXX

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Wheels Up Public Comps

See public comps and valuation multiples for Airports & Aviation Services and Vertical Marketplaces comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Abu Dhabi Aviation XXX XXX XXX XXX XXX XXX
Ferrovial XXX XXX XXX XXX XXX XXX
Athens International XXX XXX XXX XXX XXX XXX
Airports Of Thailand XXX XXX XXX XXX XXX XXX
GMR Airports XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Wheels Up M&A and Investment Activity

Wheels Up acquired  XXX companies to date.

Last acquisition by Wheels Up was  XXXXXXXX, XXXXX XXXXX XXXXXX . Wheels Up acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Wheels Up

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Wheels Up

When was Wheels Up founded? Wheels Up was founded in 2013.
Where is Wheels Up headquartered? Wheels Up is headquartered in United States of America.
How many employees does Wheels Up have? As of today, Wheels Up has 1.9K+ employees.
Who is the CEO of Wheels Up? Wheels Up's CEO is Mr. George N. Mattson.
Is Wheels Up publicy listed? Yes, Wheels Up is a public company listed on NYS.
What is the stock symbol of Wheels Up? Wheels Up trades under UP ticker.
When did Wheels Up go public? Wheels Up went public in 2021.
Who are competitors of Wheels Up? Similar companies to Wheels Up include e.g. Abu Dhabi Aviation, Ferrovial, Athens International, Airports Of Thailand.
What is the current market cap of Wheels Up? Wheels Up's current market cap is $559M
What is the current revenue growth of Wheels Up? Wheels Up revenue growth between 2023 and 2024 was -37%.
Is Wheels Up profitable? Yes, Wheels Up is EBITDA-positive (as of the last 12 months).

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