What is Frontier Group Holdings, Inc.'s earnings per share (EPS)?

Frontier Group Holdings, Inc. (ULCC) reported diluted earnings per share of -$0.60 for fiscal year 2025. This represents a -262.2% 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.

Frontier Group Holdings, Inc. Financials

ULCC

Trailing 12 months to March 31, 2026

Revenue $3.8B -0.5% YoY

Net Income -$366.0M -638.2% YoY

EPS (Diluted) -$1.59 -648.3% YoY

Free Cash Flow -$468.0M -109.9% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 5, 2026 Currency USD FYE December

Frontier Group Holdings, Inc. (ULCC) reported $3.8B in revenue over the twelve months to Mar 31, 2026, down 0.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

Rhea AI ULCC FY2025 2026-08-29

Frontier’s dominant mechanic is volatile cash conversion: reported profit can appear briefly while operating cash demands and financing needs surge.

The earnings-to-cash relationship deteriorated abruptly: in FY2024, net income was $85M while operating cash flow was -$82M, so reported profit did not translate into cash. In FY2025, the pattern worsened as net income became -$137M and operating cash flow reached -$525M, showing that the loss was accompanied by a much larger cash drain.

Free cash flow moved from -$158M in FY2024 to -$600M in FY2025, a reversal driven primarily by operating deterioration rather than a larger reinvestment burden. The cash-conversion gap was about $75M in FY2025, so capital spending amplified the shortfall but was not its main cause.

Balance-sheet flexibility narrowed: the current ratio was 0.5x in FY2025, below 1.0x, so current liabilities exceeded current assets. Financing cash flow of $555M alongside 15.3 months of reported liquidity indicates that external funding was central to supporting the business during the cash outflow.

Financial Health Signals

Financial Health Score 29/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Frontier Group Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Frontier Group Holdings, Inc. has an operating margin of -4.0%, meaning the company loses $4 on every $100 of revenue. This results in a profitability score of 32/100. This is down from 1.5% the prior year.

Growth

Frontier Group Holdings, Inc.'s revenue declined 1.4% year-over-year, from $3.8B to $3.7B. This contraction results in a growth score of 38/100.

Leverage

Frontier Group Holdings, Inc. has a moderate D/E ratio of 0.64. This balance of debt and equity financing earns a leverage score of 55/100.

Liquidity

Frontier Group Holdings, Inc.'s current ratio of 0.46 is below the typical benchmark, resulting in a score of 4/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Frontier Group Holdings, Inc.'s operations used $525.0M of cash, and capex of $75.0M added to the outflow, for a free cash flow shortfall of $600.0M. This results in a cash flow score of 15/100.

Returns

Frontier Group Holdings, Inc. posts a -27.9% return on equity (ROE), meaning it loses $28 for every $100 of shareholders' equity. This results in a returns score of 32/100. This is down from 14.1% the prior year.

Altman Z-Score Distress

0.39

Frontier Group Holdings, Inc. scores 0.39, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

0/8

Frontier Group Holdings, Inc. passes 0 of 8 computable financial strength tests (1 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

Frontier Group Holdings, Inc. reported a net loss of $137.0M while operations used $525.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Frontier Group Holdings, Inc. reported an operating loss of $149.0M against $46.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$3.7B

YoY-1.4%

5Y CAGR+24.4%

Frontier Group Holdings, Inc. generated $3.7B in revenue in fiscal year 2025. This represents a decrease of 1.4% from the prior year.

EBITDA

-$58.0M

YoY-144.6%

Frontier Group Holdings, Inc.'s EBITDA was -$58.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 144.6% from the prior year.

Net Income

-$137.0M

YoY-261.2%

Frontier Group Holdings, Inc. reported -$137.0M in net income in fiscal year 2025. This represents a decrease of 261.2% from the prior year.

EPS (Diluted)

-$0.60

YoY-262.2%

Frontier Group Holdings, Inc. earned -$0.60 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 262.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$600.0M

YoY-279.7%

Frontier Group Holdings, Inc. recorded an outflow of $600.0M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 279.7% from the prior year.

Cash & Debt

$671.0M

YoY-9.3%

5Y CAGR+12.2%

Frontier Group Holdings, Inc. held $671.0M in cash against $313.0M in long-term debt as of fiscal year 2025.

Shares Outstanding

230M

YoY+1.0%

5Y CAGR+2.9%

Frontier Group Holdings, Inc. had 230M shares outstanding in fiscal year 2025. This represents an increase of 1.0% from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Operating Margin

-4.0%

YoY-5.5pp

5Y CAGR+25.2pp

Frontier Group Holdings, Inc.'s operating margin was -4.0% in fiscal year 2025, reflecting core business profitability. This is down 5.5 percentage points from the prior year.

Net Margin

-3.7%

YoY-5.9pp

5Y CAGR+14.3pp

Frontier Group Holdings, Inc.'s net profit margin was -3.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.9 percentage points from the prior year.

Return on Equity

-27.9%

YoY-42.0pp

5Y CAGR+44.7pp

Frontier Group Holdings, Inc.'s ROE was -27.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 42.0 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures

$75.0M

YoY-1.3%

5Y CAGR+36.2%

Frontier Group Holdings, Inc. invested $75.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 1.3% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

ULCC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ULCC quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$3.8B	$3.7B-1.4%	$3.8B+5.2%	$3.6B+7.9%	$3.3B+61.5%	$2.1B+64.8%	$1.3B-50.2%	$2.5B
SG&A Expenses	$1.0B	$1.0B+6.5%	$954.0M+11.2%	$858.0M+20.0%	$715.0M+16.1%	$616.0M+15.6%	$533.0M+0.8%	$529.0M
Operating Income	-$386.0M	-$149.0M-356.9%	$58.0M+2033.3%	-$3.0M+93.3%	-$45.0M+61.5%	-$117.0M+67.9%	-$365.0M-218.1%	$309.0M
Interest Expense	$49.0M	$46.0M+27.8%	$36.0M+24.1%	$29.0M+38.1%	$21.0M	N/A	N/A	N/A
Income Tax	-$9.0M	$3.0M+200.0%	$1.0M-97.7%	$43.0M+637.5%	-$8.0M+81.0%	-$42.0M+71.4%	-$147.0M-298.6%	$74.0M
Net Income	-$366.0M	-$137.0M-261.2%	$85.0M+872.7%	-$11.0M+70.3%	-$37.0M+63.7%	-$102.0M+54.7%	-$225.0M-189.6%	$251.0M
EPS (Diluted)	-$1.59	-$0.60-262.2%	$0.37+840.0%	-$0.05+70.6%	-$0.17+64.6%	-$0.48+57.5%	-$1.13-195.0%	$1.19

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$992.0M-0.5%	$997.0M+12.5%	$886.0M-4.6%	$929.0M+1.9%	$912.0M-9.0%	$1.0B+7.2%	$935.0M-3.9%	$973.0M
SG&A Expenses	$271.0M+3.4%	$262.0M+4.4%	$251.0M-1.2%	$254.0M+2.0%	$249.0M+3.3%	$241.0M+2.1%	$236.0M-3.3%	$244.0M
Operating Income	-$283.0M-677.6%	$49.0M+163.6%	-$77.0M-2.7%	-$75.0M-63.0%	-$46.0M-202.2%	$45.0M+136.8%	$19.0M-24.0%	$25.0M
Interest Expense	$12.0M0.0%	$12.0M-20.0%	$15.0M+50.0%	$10.0M+11.1%	$9.0M0.0%	$9.0M-10.0%	$10.0M+25.0%	$8.0M
Income Tax	-$9.0M-800.0%	-$1.0M-200.0%	$1.0M	$0-100.0%	$3.0M+200.0%	-$3.0M-400.0%	$1.0M0.0%	$1.0M
Net Income	-$272.0M-613.2%	$53.0M+168.8%	-$77.0M-10.0%	-$70.0M-62.8%	-$43.0M-179.6%	$54.0M+107.7%	$26.0M-16.1%	$31.0M
EPS (Diluted)	-$1.18-591.7%	$0.24+170.6%	-$0.34-9.7%	-$0.31-63.2%	-$0.19-182.6%	$0.23+109.1%	$0.11-21.4%	$0.14

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

ULCC Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ULCC quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$7.2B+17.3%	$6.2B+23.2%	$5.0B+11.0%	$4.5B+6.2%	$4.2B+19.2%	$3.6B	N/A
Current Assets	$958.0M-3.2%	$990.0M+13.7%	$871.0M-14.6%	$1.0B-1.6%	$1.0B+59.5%	$650.0M	N/A
Cash & Equivalents	$671.0M-9.3%	$740.0M+21.5%	$609.0M-20.0%	$761.0M-17.1%	$918.0M+142.9%	$378.0M-50.8%	$768.0M
Accounts Receivable	$85.0M+16.4%	$73.0M-21.5%	$93.0M+3.3%	$90.0M+80.0%	$50.0M+78.6%	$28.0M	N/A
Total Liabilities	$6.7B+21.3%	$5.5B+23.7%	$4.5B+12.4%	$4.0B+7.7%	$3.7B+14.2%	$3.2B	N/A
Current Liabilities	$2.1B+13.6%	$1.9B+11.7%	$1.7B+6.6%	$1.6B+17.3%	$1.3B+32.2%	$1.0B	N/A
Long-Term Debt	$313.0M+29.9%	$241.0M+10.0%	$219.0M-19.5%	$272.0M-5.2%	$287.0M+16.2%	$247.0M	N/A
Total Equity	$491.0M-18.7%	$604.0M+19.1%	$507.0M-0.4%	$509.0M-4.0%	$530.0M+71.0%	$310.0M-42.8%	$542.0M
Retained Earnings	$59.0M-69.9%	$196.0M+76.6%	$111.0M-9.0%	$122.0M-23.3%	$159.0M-39.1%	$261.0M	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$7.0B-2.8%	$7.2B+7.7%	$6.7B+2.7%	$6.5B+0.7%	$6.5B+5.3%	$6.2B+5.6%	$5.8B+2.4%	$5.7B
Current Assets	$1.1B+14.6%	$958.0M+13.1%	$847.0M+1.8%	$832.0M-12.7%	$953.0M-3.7%	$990.0M+8.8%	$910.0M-3.9%	$947.0M
Cash & Equivalents	$772.0M+15.1%	$671.0M+18.6%	$566.0M+0.5%	$563.0M-17.9%	$686.0M-7.3%	$740.0M+28.5%	$576.0M-12.5%	$658.0M
Accounts Receivable	$118.0M+38.8%	$85.0M-8.6%	$93.0M-5.1%	$98.0M+10.1%	$89.0M+21.9%	$73.0M-50.3%	$147.0M+54.7%	$95.0M
Total Liabilities	$6.8B+1.0%	$6.7B+7.4%	$6.3B+4.1%	$6.0B+1.8%	$5.9B+6.5%	$5.5B+5.2%	$5.3B+2.1%	$5.2B
Current Liabilities	$2.2B+6.4%	$2.1B-0.3%	$2.1B+3.2%	$2.0B+5.3%	$1.9B+4.9%	$1.9B+7.4%	$1.7B-5.3%	$1.8B
Long-Term Debt	$343.0M+9.6%	$313.0M+2.6%	$305.0M+30.3%	$234.0M-4.1%	$244.0M+1.2%	$241.0M-13.6%	$279.0M+47.6%	$189.0M
Total Equity	$222.0M-54.8%	$491.0M+13.1%	$434.0M-14.2%	$506.0M-11.2%	$570.0M-5.6%	$604.0M+10.0%	$549.0M+5.6%	$520.0M
Retained Earnings	-$213.0M-461.0%	$59.0M+883.3%	$6.0M-92.8%	$83.0M-45.8%	$153.0M-21.9%	$196.0M+38.0%	$142.0M+22.4%	$116.0M

Not reported in any period shown, so not listed: Inventory, Goodwill.

ULCC Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ULCC quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$399.0M	-$525.0M-540.2%	-$82.0M+68.6%	-$261.0M-234.6%	-$78.0M-136.1%	$216.0M+138.8%	-$557.0M-425.7%	$171.0M
Capital Expenditures	$69.0M	$75.0M-1.3%	$76.0M+49.0%	$51.0M+24.4%	$41.0M+51.9%	$27.0M+68.8%	$16.0M-64.4%	$45.0M
Free Cash Flow	-$468.0M	-$600.0M-279.7%	-$158.0M+49.4%	-$312.0M-162.2%	-$119.0M-163.0%	$189.0M+133.0%	-$573.0M-554.8%	$126.0M
Investing Cash Flow	-$37.0M	-$99.0M-32.0%	-$75.0M+16.7%	-$90.0M+41.6%	-$154.0M-129.9%	-$67.0M-709.1%	$11.0M+117.7%	-$62.0M
Financing Cash Flow	$522.0M	$555.0M+92.7%	$288.0M+44.7%	$199.0M+165.3%	$75.0M-80.8%	$391.0M+150.6%	$156.0M+500.0%	-$39.0M
Dividends Paid	N/A	N/A	$0-100.0%	$1.0M0.0%	$1.0M	$0	$0-100.0%	$159.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$40.0M+144.0%	-$91.0M+57.7%	-$215.0M-61.7%	-$133.0M-54.7%	-$86.0M-198.9%	$87.0M+155.8%	-$156.0M-1833.3%	$9.0M
Capital Expenditures	$12.0M-45.5%	$22.0M+1000.0%	$2.0M-93.9%	$33.0M+83.3%	$18.0M+28.6%	$14.0M0.0%	$14.0M-54.8%	$31.0M
Free Cash Flow	$28.0M+124.8%	-$113.0M+47.9%	-$217.0M-30.7%	-$166.0M-59.6%	-$104.0M-242.5%	$73.0M+142.9%	-$170.0M-672.7%	-$22.0M
Investing Cash Flow	$33.0M-44.1%	$59.0M+231.1%	-$45.0M+46.4%	-$84.0M-189.7%	-$29.0M0.0%	-$29.0M-141.7%	-$12.0M+55.6%	-$27.0M
Financing Cash Flow	$28.0M-79.6%	$137.0M-47.9%	$263.0M+179.8%	$94.0M+54.1%	$61.0M-42.5%	$106.0M+23.3%	$86.0M+59.3%	$54.0M

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

ULCC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

ULCC quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Operating Margin	-4.0%-5.5pp	1.5%+1.6pp	-0.1%+1.3pp	-1.4%+4.3pp	-5.7%+23.5pp	-29.2%-41.5pp	12.3%
Net Margin	-3.7%-5.9pp	2.3%+2.6pp	-0.3%+0.8pp	-1.1%+3.8pp	-5.0%+13.1pp	-18.0%-28.0pp	10.0%
Return on Equity	-27.9%-42.0pp	14.1%+16.2pp	-2.2%+5.1pp	-7.3%+12.0pp	-19.3%+53.3pp	-72.6%-118.9pp	46.3%
Return on Assets	-1.9%-3.3pp	1.4%+1.6pp	-0.2%+0.6pp	-0.8%+1.6pp	-2.4%+3.9pp	-6.3%	N/A
Current Ratio	0.46-0.1x	0.530.0x	0.53-0.1x	0.66-0.1x	0.78+0.1x	0.65	N/A
Debt-to-Equity	0.64+0.2x	0.400.0x	0.43-0.1x	0.530.0x	0.54-0.3x	0.80	N/A
FCF Margin	-16.1%-11.9pp	-4.2%+4.5pp	-8.7%-5.1pp	-3.6%-12.8pp	9.2%+55.0pp	-45.8%-50.9pp	5.0%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Margin	-28.5%-33.4pp	4.9%+13.6pp	-8.7%-0.6pp	-8.1%-3.0pp	-5.0%-9.5pp	4.5%+2.5pp	2.0%-0.5pp	2.6%
Net Margin	-27.4%-32.7pp	5.3%+14.0pp	-8.7%-1.2pp	-7.5%-2.8pp	-4.7%-10.1pp	5.4%+2.6pp	2.8%-0.4pp	3.2%
Return on Equity	-122.5%-133.3pp	10.8%+28.5pp	-17.7%-3.9pp	-13.8%-6.3pp	-7.5%-16.5pp	8.9%+4.2pp	4.7%-1.2pp	6.0%
Return on Assets	-3.9%-4.6pp	0.7%+1.9pp	-1.1%-0.1pp	-1.1%-0.4pp	-0.7%-1.5pp	0.9%+0.4pp	0.4%-0.1pp	0.5%
Current Ratio	0.490.0x	0.46+0.1x	0.400.0x	0.41-0.1x	0.490.0x	0.530.0x	0.530.0x	0.52
Debt-to-Equity	1.54+0.9x	0.64-0.1x	0.70+0.2x	0.460.0x	0.430.0x	0.40-0.1x	0.51+0.1x	0.36
FCF Margin	2.8%+14.1pp	-11.3%+13.2pp	-24.5%-6.6pp	-17.9%-6.5pp	-11.4%-18.7pp	7.3%+25.5pp	-18.2%-15.9pp	-2.3%

Not reported in any period shown, so not listed: Gross Margin.

Note: The current ratio is below 1.0 (0.46), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Where Frontier Group Holdings, Inc. Ranks

Frequently Asked Questions

What is Frontier Group Holdings, Inc.'s annual revenue?

Frontier Group Holdings, Inc. (ULCC) reported $3.7B in total revenue for fiscal year 2025. This represents a -1.4% 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 Group Holdings, Inc.'s revenue growing?

Frontier Group Holdings, Inc. (ULCC) revenue declined by 1.4% year-over-year, from $3.8B to $3.7B in fiscal year 2025.

Is Frontier Group Holdings, Inc. profitable?

No, Frontier Group Holdings, Inc. (ULCC) reported a net income of -$137.0M in fiscal year 2025, with a net profit margin of -3.7%.

What is Frontier Group Holdings, Inc.'s EBITDA?

Frontier Group Holdings, Inc. (ULCC) had EBITDA of -$58.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Frontier Group Holdings, Inc. have?

As of fiscal year 2025, Frontier Group Holdings, Inc. (ULCC) had $671.0M in cash and equivalents against $313.0M in long-term debt.

What is Frontier Group Holdings, Inc.'s operating margin?

Frontier Group Holdings, Inc. (ULCC) had an operating margin of -4.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Frontier Group Holdings, Inc.'s net profit margin?

Frontier Group Holdings, Inc. (ULCC) had a net profit margin of -3.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Frontier Group Holdings, Inc.'s return on equity (ROE)?

Frontier Group Holdings, Inc. (ULCC) has a return on equity of -27.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Frontier Group Holdings, Inc.'s free cash flow?

Frontier Group Holdings, Inc. (ULCC) recorded an outflow of $600.0M in free cash flow during fiscal year 2025. This represents a -279.7% 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 Group Holdings, Inc.'s operating cash flow?

Frontier Group Holdings, Inc. (ULCC) recorded an outflow of $525.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Frontier Group Holdings, Inc.'s total assets?

Frontier Group Holdings, Inc. (ULCC) had $7.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Frontier Group Holdings, Inc.'s capital expenditures?

Frontier Group Holdings, Inc. (ULCC) invested $75.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Frontier Group Holdings, Inc. have outstanding?

Frontier Group Holdings, Inc. (ULCC) had 230M shares outstanding as of fiscal year 2025.

What is Frontier Group Holdings, Inc.'s current ratio?

Frontier Group Holdings, Inc. (ULCC) had a current ratio of 0.46 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Frontier Group Holdings, Inc.'s debt-to-equity ratio?

Frontier Group Holdings, Inc. (ULCC) had a debt-to-equity ratio of 0.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Frontier Group Holdings, Inc.'s return on assets (ROA)?

Frontier Group Holdings, Inc. (ULCC) had a return on assets of -1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

How does Frontier Group Holdings, Inc.'s liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Frontier Group Holdings, Inc. (ULCC) held $671.0M in cash, cash equivalents and investments, and reported an operating cash outflow of $525.0M over that year. Dividing the one by the other, the reported balance equals about 15 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is Frontier Group Holdings, Inc.'s Altman Z-Score?

Frontier Group Holdings, Inc. (ULCC) has an Altman Z-Score of 0.39, 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 Group Holdings, Inc.'s Piotroski F-Score?

Frontier Group Holdings, Inc. (ULCC) has a Piotroski F-Score of 0 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Frontier Group Holdings, Inc.'s earnings high quality?

Frontier Group Holdings, Inc. (ULCC) reported a net loss of $137.0M while operations used $525.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 Group Holdings, Inc. cover its interest payments?

Frontier Group Holdings, Inc. (ULCC) reported an operating loss of $149.0M against $46.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Group Holdings, Inc.?

Frontier Group Holdings, Inc. (ULCC) scores 29 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.