Pricing Log in Create free account
Sunday 1 November 2026 Export ULCC’s income statement to Excel — free account

Frontier Group Holdings, Inc.

ULCC Industrials Airlines

Frontier Group Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.7 billion, down 1.35% from fiscal 2024.

Revenue
+37.7%
EPS
−25.8%
Free cash flow
+183.1%
Total debt
−1.85%

Quarter to June 2026, against a year earlier

6.45 0.03 −0.46%
Market cap
$1.5B
P/E
0.0×
Fwd P/E
−5.1×
Dividend yield
—
F-score
0/9
Altman Z
0.36
Beneish M
−2.03
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 89.33
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 3 — 1 — — 2 2 2 5 2 — —
Insider Ownership 57.25%

Capital & Financial Ratios $m

Size
Market Cap 1,490.00
Revenue ttm 4,154.00
Net income ttm (386.00)
Free cash flow ttm (164.00)
Net debt Q (372.00)
Valuation
P/E 0.00
Forward P/E (5.05) (negative: loss-making)
Price / sales 0.36
Forward P/S Powerpack
Price / FCF 0.00
Price / book 10.86 (above 6: high)
Financial health
Current ratio Q 0.58 (below 1: weak)
Debt / equity Q 4.29 (above 2: weak)
Interest coverage Q (9.70)
Growth
Revenue growth Q +37.67% (above 0%: growing)
Operating income growth Q −29.33% (below 0%: shrinking)
EPS, this year +40.09% (at or above 15%: strong)
EPS, next year A +183.94% (at or above 15%: strong)
Revenue, next year A +33.59% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +22.84% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.3×, against a ten-year median of 0.4×; over the ten years it ranged from 0.1× in 2025 to 4.3× in 2021.
P/S against its own 10 years 40.77%
10-year low 10-year high
P/B against its own 10 years 93.80%
10-year low 10-year high
EV/Sales against its own 10 years 25.02%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 609 740 671 955
Receivables 93 73 85 147
Inventory 79 79 90 91
Other 90 98 112 113
871 990 958 1,306
2023 2024 2025 Q'26
Payables 134 115 130 95
ST’ Debt 251 261 301 206
Other 461 500 525 645
1,658 1,852 2,103 2,239

Compound Annual Growth %

10y 5y 3y
Sales 8.79% 24.40% 3.84%
Cash Flow — 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value — 9.63% (1.19%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate −0.02 Actual 0.18

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.10 0.23 Beat by 0.13
Q1 FY26 −0.37 −0.30 Beat by 0.07
Q2 FY26 −0.47 −0.10 Beat by 0.37
Q3 FY26 −0.02 0.18 Beat by 0.20
Q4 FY26 −0.09 — Reports 10 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (1.18) (0.39) — — —
’25 (0.19) (0.31) (0.34) 0.23 (0.60)
’24 (0.12) 0.14 0.11 0.23 0.37
’23 (0.06) 0.31 (0.14) (0.17) (0.05)
’22 (0.56) 0.06 0.13 0.18 (0.17)
’21 (0.46) 0.08 0.11 (0.25) (0.48)
’20 (0.32) 0.09 (0.26) (0.64) (1.13)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 992 1,279 — — —
’25 912 929 886 997 3,724
’24 865 973 935 1,002 3,775
’23 848 967 883 891 3,589
’22 605 909 906 906 3,326
’21 271 550 630 609 2,060
’20 544 194 245 267 1,250
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 40 151 — — —
’25 (86) (133) (215) (91) (525)
’24 (22) 9 (156) 87 (82)
’23 (25) (9) (173) (54) (261)
’22 (87) 20 (105) 94 (78)
’21 30 212 (146) 120 216
’20 (180) (13) (173) (191) (557)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 28 138 — — —
’25 (104) (166) (217) (113) (600)
’24 (39) (22) (170) 73 (158)
’23 (36) (21) (187) (68) (312)
’22 (94) 13 (122) 84 (119)
’21 27 203 (154) 113 189
’20 (182) (17) (173) (201) (573)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,714 1,918 2,156 2,508 1,250 2,060 3,326 3,589 3,775 3,724 4,154 +9.0% 4,975 5,455 5,728 +15.4%
Gross margin, % 23.57 17.67 41.37 42.98 14.08 21.94 31.33 33.71 32.13 30.10 24.07 +6.5 pt
EBT 316 248 105 325 (372) (144) (45) 32 86 (134) (399) n/m
EBT margin, % 18.44 12.93 4.87 12.96 (29.76) (6.99) (1.35) 0.89 2.28 (3.60) (9.61) (22.0) pt
Net income 200 0 80 251 (225) (102) (37) (11) 85 (137) (386) n/m
Per share, $
Per share, $ Revenue 342.80 8.92 10.83 12.59 6.27 9.74 15.28 16.31 16.83 16.35 18.06 (28.7%)
Earnings 36.12 0.75 0.40 1.26 (1.13) (0.48) (0.17) (0.05) 0.37 (0.60) (1.68) n/m
Cash flow 47.60 0.00 0.95 0.86 (2.80) 1.02 (0.36) (1.19) (0.37) (2.30) (0.50) n/m
Capex 0.00 0.00 (0.12) (0.23) (0.08) (0.13) (0.19) (0.23) (0.34) (0.33) (0.21) n/m
Free cash flow 47.60 0.00 0.83 0.63 (2.88) 0.89 (0.55) (1.42) (0.70) (2.63) (0.71) n/m
Book value 89.20 0.00 0.00 2.72 1.56 2.51 2.34 2.30 2.69 2.16 0.59 (33.9%)
Shares, m 5 215 199 199 199 211 218 220 224 228 229 +52.9%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19.22 0.00 0.00 1.9
P/S 3.85 3.85 3.85 3.85 3.85 1.39 0.66 0.33 0.42 0.29 0.36 2.2
P/B 17.17 17.17 17.17 17.17 17.17 5.41 4.32 2.31 2.64 2.19 10.86 10.3
EV/Sales 3.82 3.82 3.82 3.82 3.82 1.17 0.57 0.30 0.37 0.28 0.27 2.2
EV/FCF (10.26) (10.26) (10.26) (10.26) (10.26) 12.73 (15.95) (3.41) (8.78) (1.77) (6.73) (6.8)
Cash, $m
Cash, $m Operating cash flow 238 — 189 171 (557) 216 (78) (261) (82) (525) (115) n/m
Capex (26) — (24) (45) (16) (27) (41) (51) (76) (75) (49) +12.5%
Free cash flow 238 — 165 126 (573) 189 (119) (312) (158) (600) (164) n/m
Balance, $m
Balance, $m Working capital 169 — 83 (310) (353) (289) (535) (787) (862) (1,145) (933) n/m
Net debt (381) — (484) (492) 20 (463) (300) (104) (207) (13) (372) (31.3%)
Shareholders’ equity 446 — — 542 310 530 509 507 604 491 136 +1.1%
Returns, %
Returns, % ROA 14.62 22.85 0.00 8.97 (6.07) (2.62) (0.85) (0.23) 1.51 (2.05) (5.61) (16.7) pt
ROIC 0.00 — 0.00 386.25 (69.13) (109.14) (13.46) (0.47) 9.13 (19.48) 0.00 (19.5) pt
ROE 48.73 0.00 20.11 57.66 (52.82) (24.29) (7.12) (2.17) 15.12 (25.02) (120.25) (73.7) pt
People
People Employees — — — — 5,005 5,502 6,470 7,235 7,938 7,750 — +9.1%
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.25 0.37 0.51 0.50 0.48 0.48 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Frontier Group Holdings, Inc. vs peers in Airlines (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ALK Alaska Air Group, Inc. $4.0B — (loss-making) — (loss-making) +9.75% (above 0%: growing) n/m −14.61% (below 0%: shrinking) 100.00% (4.13%) Compare
SKYW SkyWest, Inc. $3.8B 8.0× 7.7× +6.52% (above 0%: growing) −14.43% (below 0%: shrinking) +122.47% (above 0%: growing) 69.52% 14.13% Compare
AERO Grupo Aeromexico SAB DE CV - Sponsored ADR $2.1B 7.8× 71.2× +6.26% (above 0%: growing) n/m +81.61% (above 0%: growing) 66.60% 4.53% Compare
ALGT Allegiant Travel Company $2.0B 50.1× 47.8× +36.86% (above 0%: growing) n/m −610.56% (below 0%: shrinking) 24.77% 2.24% Compare
ULCC Frontier Group Holdings, Inc. $1.5B — (loss-making) — (loss-making) +37.67% (above 0%: growing) n/m +183.13% (above 0%: growing) 24.71% (7.58%)
JBLU JetBlue Airways Corporation $1.2B — (loss-making) — (loss-making) +14.47% (above 0%: growing) n/m −4.95% (below 0%: shrinking) 51.32% (5.23%) Compare
RJET Republic Airways Holdings Inc. $935.0M — (loss-making) 1.3× +44.66% (above 0%: growing) −1.89% (below 0%: shrinking) +184.09% (above 0%: growing) 76.12% 10.28% Compare
AZUL Azul S.A. - Sponsored ADR $773.6M — (loss-making) — +23.24% (above 0%: growing) n/m −179.01% (below 0%: shrinking) 41.18% (3.19%) Compare
VLRS Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $712.7M — (loss-making) — +23.95% (above 0%: growing) n/m +100.00% (above 0%: growing) 59.60% (11.53%) Compare
Median of peers $1.6B 8.0× 27.8× +18.86% — +38.33% 63.10% (0.47%)

All 19 Airlines stocks →

Pay and ownership Proxy statement filed 2 April 2026

Ownership

Directors and executive officers, together 48.00%
William A. Franke 43.00%
Group Holdings - Frontier LLC 15.00%
Indigo Denver Management Company, LLC 14.00%
Wildcat Partner Holdings, LP 12.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Frontier Group Holdings, Inc. (ULCC) Latest News

30 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · The Motley Fool

28 Oct

Impact 4 · · Moby transcript
Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat transcript
Impact 4 · · PR Newswire
Impact 3 · · StockStory
Impact 3 · · TIKR
Impact 3 · · Associated Press
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Zacks

27 Oct

Impact 3 · · StockStory

21 Oct

Impact 3 · · Zacks

19 Oct

Impact 3 · · PR Newswire

15 Oct

Impact 4 · · Simply Wall St.

13 Oct

Impact 3 · · StockStory

16 Sep

Impact 4 · · CNW Group
Impact 3 ·

11 Sep

Impact 4 ·

10 Aug

Impact 3 ·

7 Aug

Impact 3 · · The Motley Fool transcript

29 Jul

Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 ·

23 Jul

Impact 3 ·

14 Jul

Impact 3 ·
Impact 3 ·

8 Jul

Impact 3 ·
stockrow.com/ULCC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com