Frontier Group Holdings, Inc. (ULCC)

5.84 -1.18% (-0.07)

Over 5Y: -64.4%

2026-08-28
5 10 15
2021 2022 2023 2024 2025 2026

Financials Quarterly

Q2 '21 — Revenue: 27M Q2 '21 — Operating Cash Flow: 212M Q2 '21 — Free Cash Flow: 203M Q2 '21 — Net Income: 19M Q3 '21 — Revenue: 29M Q3 '21 — Operating Cash Flow: -146M Q3 '21 — Free Cash Flow: -154M Q3 '21 — Net Income: 23M Q4 '21 — Revenue: 37M Q4 '21 — Operating Cash Flow: 120M Q4 '21 — Free Cash Flow: 113M Q4 '21 — Net Income: -53M Q1 '22 — Revenue: 34M Q1 '22 — Operating Cash Flow: -87M Q1 '22 — Free Cash Flow: -94M Q1 '22 — Net Income: -121M Q2 '22 — Revenue: 31M Q2 '22 — Operating Cash Flow: 20M Q2 '22 — Free Cash Flow: 13M Q2 '22 — Net Income: 13M Q3 '22 — Revenue: 42M Q3 '22 — Operating Cash Flow: -105M Q3 '22 — Free Cash Flow: -122M Q3 '22 — Net Income: 31M Q4 '22 — Revenue: 39M Q4 '22 — Operating Cash Flow: 94M Q4 '22 — Free Cash Flow: 84M Q4 '22 — Net Income: 40M Q1 '23 — Revenue: 40M Q1 '23 — Operating Cash Flow: -25M Q1 '23 — Free Cash Flow: -36M Q1 '23 — Net Income: -13M Q2 '23 — Revenue: 44M Q2 '23 — Operating Cash Flow: -9M Q2 '23 — Free Cash Flow: -21M Q2 '23 — Net Income: 71M Q3 '23 — Revenue: 41M Q3 '23 — Operating Cash Flow: -173M Q3 '23 — Free Cash Flow: -187M Q3 '23 — Net Income: -32M Q4 '23 — Revenue: 54M Q4 '23 — Operating Cash Flow: -54M Q4 '23 — Free Cash Flow: -68M Q4 '23 — Net Income: -37M Q1 '24 — Revenue: 40M Q1 '24 — Operating Cash Flow: -22M Q1 '24 — Free Cash Flow: -39M Q1 '24 — Net Income: -26M Q2 '24 — Revenue: 47M Q2 '24 — Operating Cash Flow: 9M Q2 '24 — Free Cash Flow: -22M Q2 '24 — Net Income: 31M Q3 '24 — Revenue: 46M Q3 '24 — Operating Cash Flow: -156M Q3 '24 — Free Cash Flow: -170M Q3 '24 — Net Income: 26M Q4 '24 — Revenue: 76M Q4 '24 — Operating Cash Flow: 87M Q4 '24 — Free Cash Flow: 73M Q4 '24 — Net Income: 54M Q1 '25 — Revenue: 41M Q1 '25 — Operating Cash Flow: -86M Q1 '25 — Free Cash Flow: -104M Q1 '25 — Net Income: -43M Q2 '25 — Revenue: 39M Q2 '25 — Operating Cash Flow: -133M Q2 '25 — Free Cash Flow: -166M Q2 '25 — Net Income: -70M Q3 '25 — Revenue: 38M Q3 '25 — Operating Cash Flow: -215M Q3 '25 — Free Cash Flow: -217M Q3 '25 — Net Income: -77M Q4 '25 — Revenue: 91M Q4 '25 — Operating Cash Flow: -91M Q4 '25 — Free Cash Flow: -113M Q4 '25 — Net Income: 53M Q1 '26 — Revenue: 43M Q1 '26 — Operating Cash Flow: 40M Q1 '26 — Free Cash Flow: 28M Q1 '26 — Net Income: -272M -200M -100M 0 100M 200M 300M
Q3 '21 Q2 '22 Q1 '23 Q4 '23 Q3 '24 Q2 '25 Q1 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-03-31, reported in USD. The newest fact in the filings is dated 2026-03-31, 152 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

1.7
SBC / sales 10.0%
OE margin -231.8%
Oper. margin -182.9%
ROIC -109.7%
Accruals 0.47%
EBITDA margin -119.9%
FCF margin -221.8%
OCF margin -189.1%
Profit margin -173.5%
ROA -5.2%
ROCE -8.1%
ROE -164.9%
Gross margin —
OCF / EBIT —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

4.2
RPO / sales —
RPO growth —
Segment HHI —

2 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

1.2
ND/EBITDA —
Current ratio 0.49×
Cash / Debt 0.93×
Net debt / Eq 0.25×
Debt / Eq 3.7×
F-score 0.0 pts
Quick ratio 0.49×
Cash runway —
Debt payback —
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

1.6
Sales CAGR 4Y +15.1%
Sales/sh Y/Y -0.089%
Shares change +0.57%
Sales Q/Q +4.9%
Div. growth -100.0%
EPS Y/Y -635.2%
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.