Wheels Up Experience (UP) Return on Invested Capital [ROIC] (2021 - 2025)
Wheels Up Experience's Return on Invested Capital [ROIC] came in at -409.71% for Q3 2025, down 222.97 percentage points from -186.74% a year earlier and down 175.84 percentage points from the prior quarter.
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Analysis
Wheels Up Experience (UP) Return on Invested Capital [ROIC] (2021 - 2025) Analysis & Trends
For FY2024, Wheels Up Experience's Return on Invested Capital [ROIC] was -92.03%, up 10.93 percentage points from FY2023.
- Return on Invested Capital [ROIC] carries a three-year change of -59.27 percentage points (FY2021 to FY2024).
- Going back by year, Return on Invested Capital [ROIC] was -102.96% in FY2023 (-12.73 pp), -90.22% in FY2022 (-57.47 pp) and -32.76% in FY2021.
- The Q3 2025 figure represents the lowest quarterly Return on Invested Capital [ROIC] in data going back to Q4 2021.
- Year-over-year, Return on Invested Capital [ROIC] has declined for five consecutive quarters, with an average year-over-year change of -49.07 percentage points over the last seven quarters.
- Business Quant data shows UP's Return on Invested Capital [ROIC] at -233.87% (Q2 2025), -153.50% (Q1 2025) and -157.84% (Q4 2024) in the three quarters before Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 176.50 Bn | 168.74 Bn | - | 15.71% |
| 2 | United Parcel Service | 94.38 Bn | 71.20 Bn | - | 12.25% |
| 3 | Csx | 93.38 Bn | 88.60 Bn | - | 12.59% |
| 4 | Canadian Pacific Kansas City | 83.29 Bn | 82.32 Bn | - | 5.96% |
| 5 | Fedex | 75.61 Bn | 41.81 Bn | - | 7.49% |
| 6 | Norfolk Southern | 73.28 Bn | 67.74 Bn | - | 9.67% |
| 7 | Delta Air Lines | 59.96 Bn | 42.14 Bn | - | 10.82% |
| 8 | United Airlines Holdings | 39.09 Bn | -18.60 Bn | - | 8.90% |
| 9 | Old Dominion Freight Line | 35.40 Bn | 34.24 Bn | - | 25.01% |
| 10 | Wheels Up Experience | 98.18 Mn | -439.92 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -409.71% |
| Jun 30, 2025 | -233.87% |
| Mar 31, 2025 | -153.50% |
| Dec 31, 2024 | -157.84% |
| Sep 30, 2024 | -186.74% |
| Jun 30, 2024 | -172.89% |
| Mar 31, 2024 | -143.23% |
| Dec 31, 2023 | -116.36% |
| Sep 30, 2023 | -183.18% |
| Jun 30, 2023 | -188.74% |
| Mar 31, 2023 | -123.16% |
| Dec 31, 2021 | -42.41% |
API Access
Wheels Up Experience Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=UP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "UP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=UP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();