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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, Airports Of Thailand, and Ferrovial.

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

Last FY Revenue $792M

Last FY EBITDA -$217M

EV

$1.2B

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Wheels Up Financials

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

NTM Last FY FY 2025 FY 2026 FY 2027
Revenue XXX $792M XXX XXX XXX
Gross Profit XXX $2.5M XXX XXX XXX
Gross Margin XXX 0% XXX XXX XXX
EBITDA XXX -$217M XXX XXX XXX
EBITDA Margin XXX -27% XXX XXX XXX
EBIT XXX -$260M XXX XXX XXX
EBIT Margin XXX -33% XXX XXX XXX
Net Profit XXX -$340M XXX XXX XXX
Net Margin XXX -43% XXX XXX XXX
Net Debt XXX $192M XXX XXX XXX

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Wheels Up Stock Performance

As of May 30, 2025, Wheels Up's stock price is $1.

Wheels Up has current market cap of $916M, and EV of $1.2B.

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Wheels Up Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$1.2B $916M XXX XXX XXX XXX n/a

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Wheels Up Valuation Multiples

As of May 30, 2025, Wheels Up has market cap of $916M and EV of $1.2B.

Wheels Up's trades at 1.5x EV/Revenue multiple, and -5.6x EV/EBITDA.

Equity research analysts estimate Wheels Up's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Wheels Up's P/E ratio is not available.

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Wheels Up Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $916M XXX $916M XXX XXX XXX
EV (current) $1.2B XXX $1.2B XXX XXX XXX
EV/Revenue n/a XXX 1.5x XXX XXX XXX
EV/EBITDA n/a XXX -5.6x XXX XXX XXX
EV/EBIT n/a XXX -4.7x XXX XXX XXX
EV/Gross Profit n/a XXX n/a XXX XXX XXX
P/E n/a XXX -2.7x XXX XXX XXX
EV/FCF n/a XXX -5.6x XXX XXX XXX

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Wheels Up Margins & Growth Rates

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

Wheels Up's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Wheels Up's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Wheels Up Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth n/a XXX n/a XXX XXX XXX
EBITDA Margin n/a XXX -27% XXX XXX XXX
EBITDA Growth n/a XXX n/a XXX XXX XXX
Rule of 40 n/a XXX n/a XXX XXX XXX
Bessemer Rule of X XXX XXX n/a XXX XXX XXX
Revenue per Employee XXX XXX $0.4M XXX XXX XXX
Opex per Employee XXX XXX $0.1M XXX XXX XXX
S&M Expenses to Revenue XXX XXX 11% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 5% XXX XXX XXX
Opex to Revenue XXX XXX 33% 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. Mark Briffa.
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 $916M
Is Wheels Up profitable? Yes, Wheels Up is EBITDA-positive (as of the last 12 months).

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