ULCC · Frontier Group Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $992.00M | - | $886.00M | $929.00M | $912.00M | - | $935.00M | $973.00M | $865.00M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $1.27B | - | $963.00M | $1.00B | $958.00M | - | $916.00M | $948.00M | $896.00M | - |
| D&A | $62.00M | - | $24.00M | $21.00M | $20.00M | - | $19.00M | $18.00M | $16.00M | - |
| Operating Income | ($283.00M) | - | ($77.00M) | ($75.00M) | ($46.00M) | - | $19.00M | $25.00M | ($31.00M) | - |
| Interest Expense | $12.00M | - | $15.00M | $10.00M | $9.00M | - | $10.00M | $8.00M | - | - |
| Income Tax | ($9.00M) | - | $1.00M | $0 | $3.00M | - | $1.00M | $1.00M | $2.00M | - |
| Net Income | ($272.00M) | - | ($77.00M) | ($70.00M) | ($43.00M) | - | $26.00M | $31.00M | ($26.00M) | - |
| EPS - Basic | ($1.18) | - | ($0.34) | ($0.31) | ($0.19) | - | $0.11 | $0.14 | ($0.12) | - |
| EPS - Diluted | ($1.18) | - | ($0.34) | ($0.31) | ($0.19) | - | $0.11 | $0.14 | ($0.12) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $772.00M | $671.00M | $566.00M | $563.00M | $686.00M | $740.00M | $576.00M | $658.00M | $622.00M | $609.00M |
| Accounts Receivable | $118.00M | $85.00M | $93.00M | $98.00M | $89.00M | $73.00M | $147.00M | $95.00M | $98.00M | $93.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $115.00M | $130.00M | $159.00M | $169.00M | $120.00M | $115.00M | $128.00M | $137.00M | $131.00M | $134.00M |
| Current Assets | $1.10B | $958.00M | $847.00M | $832.00M | $953.00M | $990.00M | $910.00M | $947.00M | $903.00M | $871.00M |
| Total Assets | $7.02B | $7.22B | $6.70B | $6.52B | $6.48B | $6.15B | $5.83B | $5.69B | $5.21B | $4.99B |
| Current Liabilities | $2.24B | $2.10B | $2.11B | $2.04B | $1.94B | $1.85B | $1.72B | $1.82B | $1.80B | $1.66B |
| Long-term Debt | $343.00M | $313.00M | $305.00M | $234.00M | $244.00M | $241.00M | $279.00M | $189.00M | $201.00M | $219.00M |
| Total Liabilities | $6.79B | $6.73B | $6.27B | $6.02B | $5.91B | $5.55B | $5.28B | $5.17B | $4.72B | $4.49B |
| Stockholders' Equity | $222.00M | $491.00M | $434.00M | $506.00M | $570.00M | $604.00M | $549.00M | $520.00M | $484.00M | $507.00M |
| Retained Earnings | ($213.00M) | $59.00M | $6.00M | $83.00M | $153.00M | $196.00M | $142.00M | $116.00M | $85.00M | $111.00M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $40.00M | - | - | - | ($86.00M) | - | - | - | ($22.00M) | - |
| Investing Cash Flow | $33.00M | - | - | - | ($29.00M) | - | - | - | ($7.00M) | - |
| Financing Cash Flow | $28.00M | - | - | - | $61.00M | - | - | - | $42.00M | - |
| CapEx | $12.00M | - | - | - | $18.00M | - | - | - | $17.00M | - |
| Free Cash Flow | $28.00M | - | - | - | ($104.00M) | - | - | - | ($39.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -28.5% | - | -8.7% | -8.1% | -5.0% | - | 2.0% | 2.6% | -3.6% | - |
| EBITDA margin | -22.3% | - | -6.0% | -5.8% | -2.9% | - | 4.1% | 4.4% | -1.7% | - |
| Net margin | -27.4% | - | -8.7% | -7.5% | -4.7% | - | 2.8% | 3.2% | -3.0% | - |
| Free cash flow margin | 2.8% | - | - | - | -11.4% | - | - | - | -4.5% | - |
| FCF / Net income | -0.10 | - | - | - | 2.42 | - | - | - | 1.50 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | 3.7% | 3.1% | - | - |
| Return on assets | -3.9% | - | -1.1% | -1.1% | -0.7% | - | 0.4% | 0.5% | -0.5% | - |
| Return on equity | -122.5% | - | -17.7% | -13.8% | -7.5% | - | 4.7% | 6.0% | -5.4% | - |
| Return on invested capital | -39.6% | - | -8.2% | -8.0% | -4.5% | - | 2.2% | 3.4% | -3.6% | - |
| Liquidity | ||||||||||
| Current ratio | 0.49 | 0.46 | 0.40 | 0.41 | 0.49 | 0.53 | 0.53 | 0.52 | 0.50 | 0.53 |
| Quick ratio | 0.49 | 0.46 | 0.40 | 0.41 | 0.49 | 0.53 | 0.53 | 0.52 | 0.50 | 0.53 |
| Cash ratio | 0.34 | 0.32 | 0.27 | 0.28 | 0.35 | 0.40 | 0.33 | 0.36 | 0.35 | 0.37 |
| Leverage | ||||||||||
| Debt / Equity | 1.55 | 0.64 | 0.70 | 0.46 | 0.43 | 0.40 | 0.51 | 0.36 | 0.42 | 0.43 |
| Debt / Assets | 0.05 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.04 | 0.04 |
| Debt / EBITDA | - | - | - | - | - | - | 7.34 | 4.40 | - | - |
| Interest coverage | -23.6x | - | -5.1x | -7.5x | -5.1x | - | 1.9x | 3.1x | - | - |
| Equity multiplier | 31.61 | 14.70 | 15.44 | 12.89 | 11.37 | 10.19 | 10.61 | 10.94 | 10.76 | 9.85 |
| Liabilities / Assets | 0.97 | 0.93 | 0.94 | 0.92 | 0.91 | 0.90 | 0.91 | 0.91 | 0.91 | 0.90 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.13 | 0.14 | 0.14 | - | 0.16 | 0.17 | 0.17 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 43d | - | 38d | 39d | 36d | - | 57d | 36d | 41d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | 48.6x | 35.2x | - | - |
| P / B | 3.6x | - | 2.3x | 1.6x | 1.7x | - | 2.2x | 2.1x | 3.7x | - |
| P / S | 0.8x | - | 1.1x | 0.9x | 1.1x | - | 1.3x | 1.1x | 2.1x | - |
| EV / EBITDA | - | - | - | - | - | - | 24.0x | 15.1x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 8.8% | - | -5.2% | -4.5% | 5.4% | - | 5.9% | 0.6% | 2.0% | - |
| Revenue CAGR (3y) | 5.4% | - | -0.7% | 0.7% | 14.7% | - | 56.3% | 71.2% | 16.7% | - |
| Revenue CAGR (5y) | 12.8% | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -515.2% | - | - | - | -48.4% | - | - | -68.4% | -24.0% | - |
| Net income growth (YoY) | -532.6% | - | - | - | -65.4% | - | - | -56.3% | -100.0% | - |
| EPS growth (YoY) | -521.1% | - | - | - | -58.3% | - | - | -54.8% | -100.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | 3.2% | 20.5% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | -166.7% | - | - | - | -8.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -61.1% | -18.7% | -20.9% | -2.7% | 17.8% | 19.1% | 1.5% | -8.1% | -0.8% | -0.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$9.44B totalPassenger$3.60B · 38.1%
Non Fare Passenger Revenue$2.12B · 22.4%
Aircraft Fare$1.48B · 15.7%
Passenger Service Fees$947.00M · 10.0%
Passenger Baggage$746.00M · 7.9%
Passenger Seat Selection$297.00M · 3.1%
Other Passenger Revenue$127.00M · 1.3%
Product And Service Other$126.00M · 1.3%
Peer comparison
Same SIC group: Air Transportation, Scheduled
Comparing Frontier Group Holdings against the 5 most active filers in the same SIC group.