Frontier Communi Financials

FYBR

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 19/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Frontier Communi has an operating margin of 5.9%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is down from 8.6% the prior year.

Growth

Frontier Communi's revenue grew a modest 3.2% year-over-year to $5.9B. This slow but positive growth earns a score of 38/100.

Leverage

Frontier Communi has elevated debt relative to equity (D/E of 2.34), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 25/100, reflecting increased financial risk.

Liquidity

Frontier Communi's current ratio of 0.55 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 2/100, which could limit financial flexibility.

Cash Flow

While Frontier Communi generated $1.6B in operating cash flow, capex of $2.8B consumed most of it, leaving -$1.2B in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Altman Z-Score Distress

0.69

Frontier Communi scores 0.69, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($9.6B) relative to total liabilities ($15.7B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

4/9

Frontier Communi passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-5.03x

For every $1 of reported earnings, Frontier Communi generates $-5.03 in operating cash flow ($1.6B OCF vs -$322.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

0.4x

Frontier Communi earns $0.4 in operating income for every $1 of interest expense ($353.0M vs $804.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Frontier Communi (FYBR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$5.9B

YoY+3.2%

5Y CAGR-7.2%

10Y CAGR+2.2%

Frontier Communi generated $5.9B in revenue in fiscal year 2024. This represents an increase of 3.2% from the prior year.

EBITDA

$2.0B

YoY+3.7%

5Y CAGR-6.6%

10Y CAGR-0.8%

Frontier Communi's EBITDA was $2.0B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.7% from the prior year.

Free Cash Flow

-$1.2B

YoY+37.8%

Frontier Communi generated -$1.2B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 37.8% from the prior year.

Net Income

-$322.0M

YoY-1210.3%

Frontier Communi reported -$322.0M in net income in fiscal year 2024. This represents a decrease of 1210.3% from the prior year.

EPS (Diluted)

$-1.30

YoY-1183.3%

Frontier Communi earned $-1.30 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 1183.3% from the prior year.

Cash & Debt

$750.0M

YoY-33.3%

5Y CAGR+16.2%

10Y CAGR-1.6%

Frontier Communi held $750.0M in cash against $11.6B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

250M

YoY+1.6%

5Y CAGR+18.8%

Frontier Communi had 250M shares outstanding in fiscal year 2024. This represents an increase of 1.6% from the prior year.

Gross Margin

64.5%

YoY+1.4pp

5Y CAGR-18.8pp

Frontier Communi's gross margin was 64.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.4 percentage points from the prior year.

Operating Margin

5.9%

YoY-2.6pp

5Y CAGR-3.7pp

10Y CAGR-14.6pp

Frontier Communi's operating margin was 5.9% in fiscal year 2024, reflecting core business profitability. This is down 2.6 percentage points from the prior year.

Net Margin

-5.4%

YoY-5.9pp

5Y CAGR+2.1pp

10Y CAGR-7.8pp

Frontier Communi's net profit margin was -5.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 5.9 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$2.8B

YoY-13.3%

5Y CAGR+18.5%

10Y CAGR+15.9%

Frontier Communi invested $2.8B in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 13.3% from the prior year.

FYBR Income Statement

Metric	FY24	FY23	FY22	FY20	FY19	FY18
Revenue	$5.9B+3.2%	$5.8B-0.6%	$5.8B-19.1%	$7.2B-11.7%	$8.1B-5.9%	$8.6B
Cost of Revenue	$2.1B-0.7%	$2.1B-2.0%	$2.2B-19.7%	$2.7B+116.6%	$1.2B-13.5%	$1.4B
Gross Profit	$3.8B+5.5%	$3.6B+0.2%	$3.6B-18.8%	$4.5B-35.1%	$6.9B-4.3%	$7.2B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.7B+4.8%	$1.6B-5.7%	$1.7B+5.9%	$1.6B-8.6%	$1.8B-0.6%	$1.8B
Operating Income	$353.0M-28.3%	$492.0M-16.9%	$592.0M-38.3%	$959.0M+119.7%	-$4.9B-689.2%	$827.0M
Interest Expense	$804.0M+23.1%	$653.0M+32.7%	$492.0M-35.4%	$762.0M-50.4%	$1.5B-0.1%	$1.5B
Income Tax	-$24.0M-127.3%	$88.0M-44.3%	$158.0M+288.1%	-$84.0M+86.3%	-$611.0M-885.5%	-$62.0M
Net Income	-$322.0M-1210.3%	$29.0M-93.4%	$441.0M+209.7%	-$402.0M+93.2%	-$5.9B-819.3%	-$643.0M
EPS (Diluted)	$-1.30-1183.3%	$0.12-93.3%	$1.80+146.8%	$-3.85+93.2%	$-56.80-578.6%	$-8.37

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$1.6B+0.7%	$1.5B+1.9%	$1.5B+0.3%	$1.5B+1.8%	$1.5B+1.2%	$1.5B+2.5%	$1.4B-0.7%	$1.4B
Cost of Revenue	$547.0M+2.8%	$532.0M+2.1%	$521.0M-2.4%	$534.0M+3.5%	$516.0M-1.1%	$522.0M+2.4%	$510.0M-6.4%	$545.0M
Gross Profit	$1.0B-0.4%	$1.0B+1.7%	$990.0M+1.9%	$972.0M+0.8%	$964.0M+2.6%	$940.0M+2.6%	$916.0M+2.8%	$891.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$395.0M-19.4%	$490.0M+13.2%	$433.0M+2.9%	$421.0M-6.2%	$449.0M+4.9%	$428.0M+8.1%	$396.0M-2.2%	$405.0M
Operating Income	$117.0M+165.9%	$44.0M-42.1%	$76.0M-11.6%	$86.0M-5.5%	$91.0M+1.1%	$90.0M-25.0%	$120.0M+5.3%	$114.0M
Interest Expense	$198.0M+0.5%	$197.0M-1.5%	$200.0M-1.5%	$203.0M+2.0%	$199.0M0.0%	$199.0M+3.1%	$193.0M+13.5%	$170.0M
Income Tax	-$14.0M+12.5%	-$16.0M-45.5%	-$11.0M0.0%	-$11.0M-22.2%	-$9.0M-550.0%	$2.0M	N/A	N/A
Net Income	-$76.0M+38.2%	-$123.0M-92.2%	-$64.0M+45.8%	-$118.0M+4.1%	-$123.0M-12400.0%	$1.0M-94.1%	$17.0M+54.5%	$11.0M
EPS (Diluted)	$-0.30+38.8%	$-0.49-88.5%	$-0.26+45.8%	$-0.48+2.0%	$-0.49	$0.00-100.0%	$0.07+40.0%	$0.05

FYBR Balance Sheet

Metric	FY24	FY23	FY22	FY20	FY19	FY18
Total Assets	$20.6B-0.4%	$20.7B+11.1%	$18.6B+10.9%	$16.8B-4.0%	$17.5B-26.1%	$23.7B
Current Assets	$1.3B-54.7%	$2.8B+7.1%	$2.6B-2.1%	$2.7B-12.6%	$3.0B+128.3%	$1.3B
Cash & Equivalents	$750.0M-33.3%	$1.1B+249.4%	$322.0M-82.4%	$1.8B+140.7%	$760.0M+114.7%	$354.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$379.0M-15.0%	$446.0M+1.8%	$438.0M-20.8%	$553.0M-12.1%	$629.0M-13.0%	$723.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	$6.4B
Total Liabilities	$15.7B+1.7%	$15.4B+14.3%	$13.5B-37.8%	$21.7B-0.9%	$21.9B-0.8%	$22.1B
Current Liabilities	$2.3B+0.6%	$2.3B-0.9%	$2.3B-67.9%	$7.1B+154.6%	$2.8B+9.5%	$2.6B
Long-Term Debt	$11.6B+2.7%	$11.2B+23.4%	$9.1B+56.5%	$5.8B-64.3%	$16.3B-0.3%	$16.4B
Total Equity	$4.9B-6.4%	$5.3B+2.8%	$5.1B+204.8%	-$4.9B-11.5%	-$4.4B-374.6%	$1.6B
Retained Earnings	$562.0M-36.4%	$884.0M+3.4%	$855.0M+109.5%	-$9.0B-4.7%	-$8.6B-211.5%	-$2.8B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$21.6B+1.7%	$21.3B+1.8%	$20.9B+1.4%	$20.6B+2.1%	$20.2B0.0%	$20.2B-2.4%	$20.7B+0.9%	$20.5B
Current Assets	$963.0M-6.0%	$1.0B-5.3%	$1.1B-14.1%	$1.3B-28.2%	$1.8B-15.7%	$2.1B-25.2%	$2.8B-0.6%	$2.8B
Cash & Equivalents	$336.0M-18.4%	$412.0M-18.6%	$506.0M-32.5%	$750.0M-37.3%	$1.2B-7.6%	$1.3B+15.2%	$1.1B+18.7%	$948.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$441.0M+2.6%	$430.0M+3.4%	$416.0M+9.8%	$379.0M-12.7%	$434.0M-2.9%	$447.0M+0.2%	$446.0M-0.7%	$449.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$16.9B+2.6%	$16.5B+3.0%	$16.0B+2.2%	$15.7B+4.1%	$15.1B+0.8%	$14.9B-3.1%	$15.4B+0.9%	$15.3B
Current Liabilities	$3.2B+10.1%	$2.9B+10.5%	$2.6B+13.5%	$2.3B+13.4%	$2.0B+4.1%	$1.9B-14.7%	$2.3B+10.9%	$2.1B
Long-Term Debt	$12.0B+1.2%	$11.9B+2.0%	$11.6B+0.7%	$11.6B+2.8%	$11.2B-0.1%	$11.2B-0.1%	$11.2B-0.1%	$11.3B
Total Equity	$4.7B-1.3%	$4.8B-2.4%	$4.9B-1.3%	$4.9B-3.8%	$5.1B-2.3%	$5.3B-0.4%	$5.3B+0.7%	$5.2B
Retained Earnings	$299.0M-20.3%	$375.0M-24.7%	$498.0M-11.4%	$562.0M-26.2%	$762.0M-13.9%	$885.0M+0.1%	$884.0M+2.0%	$867.0M

FYBR Cash Flow Statement

Metric	FY24	FY23	FY22	FY20	FY19	FY18
Operating Cash Flow	$1.6B+20.6%	$1.3B-4.1%	$1.4B-29.6%	$2.0B+31.9%	$1.5B-16.8%	$1.8B
Capital Expenditures	$2.8B-13.3%	$3.2B+17.3%	$2.7B+131.8%	$1.2B-3.7%	$1.2B+2.9%	$1.2B
Free Cash Flow	-$1.2B+37.8%	-$1.9B-39.6%	-$1.3B-265.5%	$808.0M+186.5%	$282.0M-54.5%	$620.0M
Investing Cash Flow	-$1.7B+34.2%	-$2.6B+42.8%	-$4.5B-23415.8%	-$19.0M+98.3%	-$1.1B+3.6%	-$1.2B
Financing Cash Flow	-$268.0M-112.6%	$2.1B+75.8%	$1.2B+235.6%	-$893.0M-2890.6%	$32.0M+105.3%	-$608.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$504.0M+5.7%	$477.0M-8.1%	$519.0M+76.5%	$294.0M-21.4%	$374.0M+11.6%	$335.0M+13.2%	$296.0M-22.7%	$383.0M
Capital Expenditures	$819.0M-3.1%	$845.0M+11.6%	$757.0M-4.4%	$792.0M+26.5%	$626.0M-6.0%	$666.0M+102.4%	$329.0M-51.0%	$671.0M
Free Cash Flow	-$315.0M+14.4%	-$368.0M-54.6%	-$238.0M+52.2%	-$498.0M-97.6%	-$252.0M+23.9%	-$331.0M-903.0%	-$33.0M+88.5%	-$288.0M
Investing Cash Flow	-$818.0M+2.7%	-$841.0M-11.2%	-$756.0M+3.4%	-$783.0M-99.2%	-$393.0M-311.3%	$186.0M+277.1%	-$105.0M+92.6%	-$1.4B
Financing Cash Flow	$177.0M-15.3%	$209.0M+364.4%	$45.0M+156.3%	-$80.0M-11.1%	-$72.0M+83.0%	-$423.0M-6950.0%	-$6.0M-100.4%	$1.4B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FYBR Financial Ratios

Metric	FY24	FY23	FY22	FY20	FY19	FY18
Gross Margin	64.5%+1.4pp	63.0%+0.5pp	62.5%+0.3pp	62.3%-22.4pp	84.6%+1.3pp	83.3%
Operating Margin	5.9%-2.6pp	8.6%-1.7pp	10.2%-3.2pp	13.4%+73.5pp	-60.1%-69.7pp	9.6%
Net Margin	-5.4%-5.9pp	0.5%-7.1pp	7.6%+13.2pp	-5.6%+67.3pp	-72.9%-65.4pp	-7.5%
Return on Equity	N/A	0.5%-8.0pp	8.6%	N/A	N/A	N/A
Return on Assets	-1.6%-1.7pp	0.1%-2.2pp	2.4%+4.8pp	-2.4%+31.4pp	-33.8%-31.1pp	-2.7%
Current Ratio	0.55-0.7	1.22+0.1	1.13+0.8	0.37-0.7	1.08+0.6	0.52
Debt-to-Equity	2.34+0.2	2.13+0.4	1.77+3.0	-1.19+2.5	-3.71-13.9	10.22
FCF Margin	-19.6%+12.9pp	-32.5%-9.4pp	-23.1%-34.4pp	11.3%+7.8pp	3.5%-3.7pp	7.2%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	64.7%-0.7pp	65.4%-0.1pp	65.5%+1.0pp	64.5%-0.6pp	65.1%+0.8pp	64.3%+0.1pp	64.2%+2.2pp	62.1%
Operating Margin	7.5%+4.7pp	2.9%-2.2pp	5.0%-0.7pp	5.7%-0.4pp	6.2%-0.0pp	6.2%-2.3pp	8.4%+0.5pp	7.9%
Net Margin	-4.9%+3.1pp	-8.0%-3.8pp	-4.2%+3.6pp	-7.8%+0.5pp	-8.3%-8.4pp	0.1%-1.1pp	1.2%+0.4pp	0.8%
Return on Equity	N/A	N/A	N/A	N/A	N/A	0.0%-0.3pp	0.3%+0.1pp	0.2%
Return on Assets	-0.4%+0.2pp	-0.6%-0.3pp	-0.3%+0.3pp	-0.6%+0.0pp	-0.6%-0.6pp	0.0%-0.1pp	0.1%+0.0pp	0.1%
Current Ratio	0.30-0.1	0.36-0.1	0.42-0.1	0.55-0.3	0.87-0.2	1.07-0.1	1.22-0.1	1.36
Debt-to-Equity	2.56+0.1	2.49+0.1	2.39+0.0	2.34+0.2	2.19+0.0	2.140.0	2.13-0.0	2.15
FCF Margin	-20.3%+3.6pp	-23.9%-8.2pp	-15.8%+17.3pp	-33.1%-16.0pp	-17.0%+5.6pp	-22.6%-20.3pp	-2.3%+17.8pp	-20.1%

Note: The current ratio is below 1.0 (0.55), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Frontier Communi's annual revenue?

Frontier Communi (FYBR) reported $5.9B in total revenue for fiscal year 2024. This represents a 3.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Frontier Communi's revenue growing?

Frontier Communi (FYBR) revenue grew by 3.2% year-over-year, from $5.8B to $5.9B in fiscal year 2024.

Is Frontier Communi profitable?

No, Frontier Communi (FYBR) reported a net income of -$322.0M in fiscal year 2024, with a net profit margin of -5.4%.

What is Frontier Communi's earnings per share (EPS)?

Frontier Communi (FYBR) reported diluted earnings per share of $-1.30 for fiscal year 2024. This represents a -1183.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Frontier Communi's EBITDA?

Frontier Communi (FYBR) had EBITDA of $2.0B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Frontier Communi have?

As of fiscal year 2024, Frontier Communi (FYBR) had $750.0M in cash and equivalents against $11.6B in long-term debt.

What is Frontier Communi's gross margin?

Frontier Communi (FYBR) had a gross margin of 64.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Frontier Communi's operating margin?

Frontier Communi (FYBR) had an operating margin of 5.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Frontier Communi's net profit margin?

Frontier Communi (FYBR) had a net profit margin of -5.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Frontier Communi's free cash flow?

Frontier Communi (FYBR) generated -$1.2B in free cash flow during fiscal year 2024. This represents a 37.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Frontier Communi's operating cash flow?

Frontier Communi (FYBR) generated $1.6B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Frontier Communi's total assets?

Frontier Communi (FYBR) had $20.6B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Frontier Communi's capital expenditures?

Frontier Communi (FYBR) invested $2.8B in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Frontier Communi have outstanding?

Frontier Communi (FYBR) had 250M shares outstanding as of fiscal year 2024.

What is Frontier Communi's current ratio?

Frontier Communi (FYBR) had a current ratio of 0.55 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Frontier Communi's debt-to-equity ratio?

Frontier Communi (FYBR) had a debt-to-equity ratio of 2.34 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Frontier Communi's return on assets (ROA)?

Frontier Communi (FYBR) had a return on assets of -1.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Frontier Communi's Altman Z-Score?

Frontier Communi (FYBR) has an Altman Z-Score of 0.69, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Frontier Communi's Piotroski F-Score?

Frontier Communi (FYBR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Frontier Communi's earnings high quality?

Frontier Communi (FYBR) has an earnings quality ratio of -5.03x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Frontier Communi cover its interest payments?

Frontier Communi (FYBR) has an interest coverage ratio of 0.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Frontier Communi?

Frontier Communi (FYBR) scores 19 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.