Frontier Group Holdings, Inc. (ULCC)

NASDAQ: ULCC · Real-Time Price · USD

6.47

-0.96 (-12.92%)

At close: Nov 3, 2026, 4:00 PM EST

6.72

+0.25 (3.86%)

Pre-market: Nov 4, 2026, 8:38 AM EST

Frontier Group Holdings Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,623	3,724	3,775	3,589	3,326	2,060
Revenue Growth	23.97%	-1.35%	5.18%	7.91%	61.46%	64.80%
Gross Profit	259	105	259	352	327	-164
Operating Income	-359	-451	-276	-150	-122	-472
Net Income	-413	-137	84	-11	-37	-102
Earnings Per Share	-1.80	-0.60	0.37	-0.05	-0.17	-0.48
EPS Growth	-	-	-	-	-	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Fare	2,180	1,481	1,435	1,277	1,382	806
Service Fees	944	947	1,005	943	817	521
Baggage	865	746	862	880	741	457
Seat Selection	331	297	264	281	251	170
Other Non-Fare Passenger	156	127	117	128	57	46
Other Segment	147	126	92	80	78	60
Revenue (Total)	4,623	3,724	3,775	3,589	3,326	2,060

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	976	671	740	609	761	918
Total Debt	5,050	5,463	4,468	3,459	2,928	2,849
Net Cash (Debt)	-4,074	-4,792	-3,728	-2,850	-2,167	-1,931
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-17.75	-21.04	-16.46	-12.95	-9.96	-9.13

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	59	-525	-82	-261	-78	216
Capital Expenditures	24	-99	-76	-87	-152	-63
Free Cash Flow	83	-624	-158	-348	-230	153
Free Cash Flow Growth	-	-	-	-	-	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	5.60%	2.82%	6.86%	9.81%	9.83%	-7.96%
Operating Margin	-7.77%	-12.11%	-7.31%	-4.18%	-3.67%	-22.91%
Pretax Margin	-9.24%	-3.60%	2.28%	0.89%	-1.35%	-6.99%
Profit Margin	-8.93%	-3.68%	2.23%	-0.31%	-1.11%	-4.95%
FCF Margin	1.80%	-16.76%	-4.18%	-9.70%	-6.92%	7.43%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	19.08	-	-	-
Forward PE	275.32	275.89	19.91	24.28	10.78	69.69
P/FCF Ratio	17.96	-	-	-	-	19.16
PS Ratio	0.32	0.29	0.42	0.34	0.67	1.42