Frontier Group Holdings, Inc. logo ULCC - Frontier Group Holdings, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 2
HOLD 8
SELL 3
STRONG
SELL
0
| PRICE TARGET: $6.50 DETAILS
HIGH: $7.00
LOW: $6.00
MEDIAN: $6.50
CONSENSUS: $6.50
DOWNSIDE: 14.25%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2017 Q1 2016 Q1
Revenue
Revenue 992 997 886 929 912 1,002 935 973 865 891 883 967 848 906 906 909 605 609 630 550 271 267 245 194 544 655 430 368
Cost of Revenue 1,200 972 484 924 461 919 687 901 927 855 750 791 806 790 779 808 667 625 602 570 465 423 393 239 585 521 228 180
Gross Profit (208) 25 402 5 451 83 248 72 (62) 36 133 176 42 116 127 101 (62) (16) 28 (20) (194) (156) (148) (45) (41) 134 202 188
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 43 41 38 39 41 45 46 47 40 39 41 44 40 44 42 46 32 29 33 30 17 16 17 15 30 34 19 17
Other Expenses 79 (65) 441 41 456 (7) 183 (1) (1) 21 146 53 26 25 37 39 48 41 (48) (68) (119) 12 (84) (66) 35 32 52 50
Operating Expenses 122 (24) 479 80 497 38 229 46 55 74 187 97 66 82 83 85 80 70 (15) (38) (102) 28 (67) (51) 65 66 204 138
Operating Income
Operating Income (330) 49 (77) (75) (46) 45 19 25 (31) (3) (54) 79 (25) 45 56 7 (153) (86) 43 18 (92) (184) (81) 6 (106) 68 (2) 50
Interest Expense 4 3 5 2 1 1 2 1 0 0 1 1 0 0 1 1 8 1 3 4 21 10 1 1 0 0 1 1
Interest Income 6 6 6 7 7 7 10 8 7 8 10 10 8 5 3 2 0 1 1 0 0 1 0 1 3 4 1 0
Profitability
EBITDA (268) 81 (37) (47) (29) 71 48 (34) (8) 19 (31) 74 (6) 27 31 24 (140) (75) 54 28 (84) (173) (73) 14 (95) 54 12 68
EBIT (330) 55 (61) (68) (49) 52 29 (52) (24) 5 (44) 62 (17) 18 23 9 (153) (85) 44 18 (92) (183) (81) 7 (103) 43 (1) 50
Income Before Tax (281) 52 (76) (70) (40) 51 27 32 (24) 6 (45) 88 (17) 50 58 8 (161) (86) 41 14 (113) (193) (82) 6 (103) 72 (2) 49
Income Tax Expense (9) (1) 1 0 3 (3) 1 1 2 43 (13) 17 (4) 10 27 (5) (40) (33) 18 (5) (22) (66) (31) (11) (39) 16 (2) 19
Net Income (272) 53 (77) (70) (43) 54 26 31 (26) (37) (32) 71 (13) 40 31 13 (121) (53) 23 19 (91) (127) (51) 17 (64) 51 (3) 30
Per Share Data
EPS (Basic) -1.19 0.23 -0.34 -0.31 -0.19 0.24 0.11 0.14 -0.12 -0.17 -0.14 0.31 -0.06 0.18 0.13 0.06 -0.56 -0.25 0.10 0.08 -0.42 -0.59 -0.24 0.07 -0.30 0.26 -0.01 0.14
EPS (Diluted) -1.18 0.23 -0.34 -0.31 -0.19 0.23 0.11 0.14 -0.12 -0.17 -0.14 0.31 -0.06 0.18 0.13 0.06 -0.56 -0.25 0.10 0.08 -0.42 -0.59 -0.24 0.07 -0.30 0.26 -0.01 0.14
Shares Outstanding 228.8 228.8 227.9 227.9 227.0 225.2 224.5 224.2 223.4 221.9 220.8 219.4 218.2 218 217.7 217.6 216.1 215.1 215.5 214.3 215.1 215.1 214.3 214.3 214.3 199.8 214.3 214.3
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q1 2019 Q4 2017 Q1 2016 Q1
Current Assets
Cash & Cash Equivalents 772 671 566 563 686 740 576 658 622 609 640 780 790 761 674 766 727 918 802 936 429 378 565 (768) 768 535 (419)
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,536 0 0 838
Net Receivables 121 100 93 117 89 93 150 95 87 96 116 96 101 98 73 69 65 62 220 224 229 215 36 0 101 65 0
Inventory 106 90 90 86 81 79 76 78 75 79 75 60 57 55 54 54 41 29 29 20 20 18 23 0 20 16 0
Other Current Assets 67 71 188 46 75 76 89 98 100 66 76 50 67 86 66 43 20 14 27 25 25 15 151 0 42 13 0
Total Current Assets 1,098 958 847 832 953 990 910 947 903 871 936 1,009 1,042 1,020 892 954 876 1,037 1,092 1,226 720 650 788 768 944 656 419
Non-Current Assets
Property, Plant & Equipment 5,877 5,744 5,531 5,194 5,324 4,710 4,722 4,331 3,841 3,273 3,622 2,898 2,865 2,710 3,068 2,591 2,594 2,612 2,678 2,569 2,469 2,426 2,441 0 2,442 290 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 27 27 27 27 27 27 27 27 27 28 28 28 28 28 28 28 28 29 29 29 29 29 29 0 30 34 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9 0 0
Other Non-Current Assets 15 491 296 471 177 426 167 384 435 821 349 773 735 741 258 672 638 557 453 464 462 449 458 (768) 448 315 (419)
Total Non-Current Assets 5,919 6,262 5,854 5,692 5,528 5,163 4,916 4,742 4,303 4,122 3,999 3,699 3,628 3,479 3,354 3,291 3,260 3,198 3,160 3,062 2,960 2,904 2,928 (768) 2,920 639 (419)
Total Assets 7,017 7,220 6,701 6,524 6,481 6,153 5,826 5,689 5,206 4,993 4,935 4,708 4,670 4,499 4,246 4,245 4,136 4,235 4,252 4,288 3,680 3,554 3,716 0 3,864 1,295 0
Current Liabilities
Account Payables 115 130 159 169 120 115 128 137 131 134 109 91 79 89 78 102 93 86 90 73 79 71 109 0 71 21 0
Short-Term Debt 240 301 363 326 263 261 190 263 265 251 266 237 215 157 193 161 145 127 85 88 110 101 116 0 150 131 0
Deferred Revenue 0 368 0 342 0 0 292 0 328 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9 0
Other Current Liabilities 961 234 870 247 597 551 375 528 137 381 563 594 660 627 542 644 581 496 529 694 526 318 305 0 570 423 0
Total Current Liabilities 2,238 2,103 2,110 2,045 1,942 1,852 1,724 1,821 1,797 1,658 1,689 1,645 1,680 1,555 1,452 1,550 1,448 1,326 1,238 1,391 1,223 1,003 1,021 0 1,254 662 0
Non-Current Liabilities
Long-Term Debt 343 313 305 234 244 241 279 189 201 219 220 193 212 272 228 212 207 287 280 275 242 247 236 0 95 93 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9 12 0 27 0 0
Other Non-Current Liabilities 342 199 170 129 127 1,142 148 143 159 169 161 147 138 111 125 93 108 80 105 106 115 114 122 0 72 180 0
Total Non-Current Liabilities 4,557 4,626 4,157 3,973 3,969 4,685 3,553 3,348 2,925 2,828 2,705 2,497 2,502 2,435 2,326 2,269 2,279 2,379 2,438 2,347 2,238 2,241 2,262 0 2,068 355 0
Total Liabilities 6,795 6,729 6,267 6,018 5,911 5,549 5,277 5,169 4,722 4,486 4,394 4,142 4,182 3,990 3,778 3,819 3,727 3,705 3,676 3,738 3,461 3,244 3,283 (542) 3,322 1,017 (342)
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings (213) 59 6 83 153 196 142 116 85 111 148 180 109 122 82 51 38 159 212 189 170 261 388 0 486 237 0
Accumulated Other Comprehensive Income (5) (5) (6) (6) (6) (6) (7) (7) (7) (7) (6) (10) (13) (6) (3) (10) (10) (10) (10) (10) (11) (11) (13) 542 4 (5) 342
Total Stockholders' Equity 222 491 434 506 570 604 549 520 484 507 541 566 488 509 468 426 409 530 576 550 219 310 433 542 542 278 342
Total Liabilities & Equity 7,017 7,220 6,701 6,524 6,481 6,153 5,826 5,689 5,206 4,993 4,935 4,708 4,670 4,499 4,246 4,245 4,136 4,235 4,252 4,288 3,680 3,554 3,716 542 3,864 1,295 342
Debt Metrics
Total Debt 5,248 5,463 5,032 4,870 4,791 4,468 4,227 4,069 3,607 3,459 3,338 3,084 3,066 2,928 2,845 2,777 2,762 2,849 2,868 2,773 2,656 2,612 2,632 0 2,506 224 0
Net Debt 4,476 4,792 4,466 4,307 4,105 3,728 3,651 3,411 2,985 2,850 2,698 2,304 2,276 2,167 2,171 2,011 2,035 1,931 2,066 1,837 2,227 2,234 1,658 768 1,738 (311) 419
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2017 Q1 2016 Q1
Operating Activities
Net Income (272) 53 (77) (70) (43) 54 26 31 (26) (37) (32) 71 (13) 40 31 13 (121) (53) 23 19 (91) (127) (51) 17 (64) 56 (8) 30
Depreciation & Amortization 62 26 24 21 20 19 19 18 16 14 13 12 11 9 8 15 13 10 10 10 8 10 8 7 8 11 13 18
Stock-Based Compensation 5 5 5 6 5 4 3 5 4 4 3 3 4 4 4 4 3 3 3 2 3 2 2 2 2 18 18 11
Change in Working Capital 234 (30) (101) (56) (15) 88 (135) 31 53 (28) (104) (96) 17 69 (154) 13 58 188 (181) 204 127 (70) (180) 21 (104) 3 39 16
Other Non-Cash Items 20 (114) (67) (34) (56) (75) (67) (77) (71) (50) (40) (16) (40) (38) (21) (20) 0 (5) (19) (18) 5 (1) (16) (23) 14 (28) 43 (12)
Operating Cash Flow 40 (91) (215) (133) (86) 87 (156) 9 (22) (54) (173) (9) (25) 94 (105) 20 (87) 120 (146) 212 30 (191) (173) (13) (180) 60 82 66
Investing Activities
Capital Expenditure (12) 59 (45) (84) (29) (14) (14) (31) (17) 2 (57) (21) (11) (35) (62) (23) (32) (43) (8) (9) (3) (10) 11 (6) (11) (28) (7) (3)
Acquisitions 45 0 0 0 0 0 0 2 13 0 0 (23) 23 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 (22) (2) (33) (18) (15) 2 2 (3) (1) (1) 1 (2) (2) 2 (1) (1) (28) 2 12 10 6 19 2 0 2 2 (30)
Investing Cash Flow 33 59 (45) (84) (29) (29) (12) (27) (7) 1 (58) (43) 10 (37) (60) (24) (33) (71) (6) 3 7 (4) 30 (4) (11) (26) (5) (33)
Financing Activities
Net Debt Issuance (32) (54) 263 94 57 110 17 54 43 (17) 91 41 (2) 8 73 43 (68) 64 18 26 4 8 82 32 35 34 4 21
Stock Repurchased 0 0 0 0 0 0 0 0 (2) 0 0 0 (5) 0 0 0 (3) 0 0 0 (3) 0 1 (2) 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1) (154) (99)
Other Financing Activities 60 191 0 0 (2) (4) 69 0 (1) 39 91 1 46 23 0 23 (3) 3 16 266 13 0 1 0 0 (3) (4) (5)
Financing Cash Flow 28 137 263 94 61 106 86 54 42 22 91 42 44 30 73 43 (71) 67 18 292 14 8 83 30 35 30 (154) (83)
Cash Position
Net Change in Cash 101 105 3 (123) (54) 164 (82) 36 13 (31) (140) (10) 29 87 (92) 39 (191) 116 (134) 507 51 (187) (60) 13 (156) 64 (77) (50)
Cash at Beginning 671 566 563 686 740 576 658 622 609 640 780 790 761 674 766 727 918 802 936 429 378 565 625 612 768 704 612 419
Cash at End 772 671 566 563 686 740 576 658 622 609 640 780 790 761 674 766 727 918 802 936 429 378 565 625 612 768 535 369
Free Cash Flow 28 (32) (260) (217) (115) 73 (170) (22) (39) (52) (230) (30) (36) 59 (167) (3) (119) 77 (154) 203 27 (201) (162) (19) (191) 32 75 63
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2017 Q1 2016 Q1
Income Statement
Revenue 992 997 886 929 912 1,002 935 973 865 891 883 967 848 906 906 909 605 609 630 550 271 267 245 194 544 655 430 368
Gross Profit (208) 25 402 5 451 83 248 72 (62) 36 133 176 42 116 127 101 (62) (16) 28 (20) (194) (156) (148) (45) (41) 134 202 188
Operating Income (330) 49 (77) (75) (46) 45 19 25 (31) (3) (54) 79 (25) 45 56 7 (153) (86) 43 18 (92) (184) (81) 6 (106) 68 (2) 50
Net Income (272) 53 (77) (70) (43) 54 26 31 (26) (37) (32) 71 (13) 40 31 13 (121) (53) 23 19 (91) (127) (51) 17 (64) 51 (3) 30
EPS (Diluted) -1.18 0.23 -0.34 -0.31 -0.19 0.23 0.11 0.14 -0.12 -0.17 -0.14 0.31 -0.06 0.18 0.13 0.06 -0.56 -0.25 0.10 0.08 -0.42 -0.59 -0.24 0.07 -0.30 0.26 -0.01 0.14
Balance Sheet
Cash & Equivalents 772 671 566 563 686 740 576 658 622 609 640 780 790 761 674 766 727 918 802 936 429 378 565 (768) 768 535 (419)
Total Assets 7,017 7,220 6,701 6,524 6,481 6,153 5,826 5,689 5,206 4,993 4,935 4,708 4,670 4,499 4,246 4,245 4,136 4,235 4,252 4,288 3,680 3,554 3,716 0 3,864 1,295 0
Total Debt 5,248 5,463 5,032 4,870 4,791 4,468 4,227 4,069 3,607 3,459 3,338 3,084 3,066 2,928 2,845 2,777 2,762 2,849 2,868 2,773 2,656 2,612 2,632 0 2,506 224 0
Stockholders' Equity 222 491 434 506 570 604 549 520 484 507 541 566 488 509 468 426 409 530 576 550 219 310 433 542 542 278 342
Cash Flow
Operating Cash Flow 40 (91) (215) (133) (86) 87 (156) 9 (22) (54) (173) (9) (25) 94 (105) 20 (87) 120 (146) 212 30 (191) (173) (13) (180) 60 82 66
Capital Expenditure (12) 59 (45) (84) (29) (14) (14) (31) (17) 2 (57) (21) (11) (35) (62) (23) (32) (43) (8) (9) (3) (10) 11 (6) (11) (28) (7) (3)
Free Cash Flow 28 (32) (260) (217) (115) 73 (170) (22) (39) (52) (230) (30) (36) 59 (167) (3) (119) 77 (154) 203 27 (201) (162) (19) (191) 32 75 63