Frontier Group (ULCC) Financials

$4.16 -0.10 (-2.23%)

Closing price 03:59 PM Eastern

Extended Trading

$4.15 -0.01 (-0.36%)

As of 04:10 PM Eastern

Annual Income Statements for Frontier Group

This table shows Frontier Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	251	-225	-102	-37	-11	85
Consolidated Net Income / (Loss)	251	-225	-102	-37	-11	85
Net Income / (Loss) Continuing Operations	251	-225	-102	-37	-11	85
Total Pre-Tax Income	325	-372	-144	-45	32	86
Total Operating Income	309	-365	-117	-45	-3.00	58
Total Gross Profit	885	-357	220	749	352	896
Total Revenue	2,508	1,250	2,060	3,326	3,589	3,775
Operating Revenue	2,508	1,250	2,060	3,326	3,589	3,775
Total Cost of Revenue	1,623	1,607	1,840	2,577	3,237	2,879
Operating Cost of Revenue	1,623	1,607	1,840	2,577	3,237	2,879
Total Operating Expenses	576	8.00	337	794	355	838
Marketing Expense	130	78	109	164	164	178
Depreciation Expense	46	33	38	45	50	72
Other Operating Expenses / (Income)	336	-193	89	575	140	588
Restructuring Charge	-	0.00	0.00	10	1.00	0.00
Total Other Income / (Expense), net	16	-7.00	-27	0.00	35	28
Interest Expense	0.00	12	29	10	1.00	4.00
Interest & Investment Income	16	5.00	2.00	10	36	32
Income Tax Expense	74	-147	-42	-8.00	43	1.00
Basic Earnings per Share	$1.19	($1.13)	($0.48)	($0.17)	($0.05)	$0.37
Weighted Average Basic Shares Outstanding	-	-	217.10M	218.06M	223.37M	227.25M
Diluted Earnings per Share	$1.19	($1.13)	($0.48)	($0.17)	($0.05)	$0.37
Weighted Average Diluted Shares Outstanding	-	-	217.10M	218.06M	223.37M	227.25M
Weighted Average Basic & Diluted Shares Outstanding	-	-	217.10M	218.06M	223.37M	227.25M
Cash Dividends to Common per Share	$0.76	$0.00	$0.00	$0.00	$0.00	$0.00

This table shows Frontier Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	40	-13	71	-32	-37	-26	31	26	54	-43	-70
Consolidated Net Income / (Loss)	40	-13	71	-32	-37	-26	31	26	54	-43	-70
Net Income / (Loss) Continuing Operations	40	-13	71	-32	-37	-26	31	26	54	-43	-70
Total Pre-Tax Income	50	-17	88	-45	6.00	-24	32	27	51	-40	-70
Total Operating Income	45	-25	79	-54	-3.00	-31	25	19	45	-46	-75
Total Gross Profit	221	182	320	180	-330	170	247	215	264	84	212
Total Revenue	906	848	967	883	891	865	973	935	1,002	912	929
Operating Revenue	906	848	967	883	891	865	973	935	1,002	912	929
Total Cost of Revenue	685	666	647	703	1,221	695	726	720	738	828	717
Operating Cost of Revenue	685	666	647	703	1,221	695	726	720	738	828	717
Total Operating Expenses	176	207	241	234	-327	201	222	196	219	130	287
Marketing Expense	44	45	52	48	19	49	42	53	34	92	47
Depreciation Expense	9.00	11	12	13	14	16	18	19	19	20	21
Other Operating Expenses / (Income)	249	151	177	173	-361	136	162	124	166	18	219
Total Other Income / (Expense), net	5.00	8.00	9.00	9.00	9.00	7.00	7.00	8.00	6.00	6.00	5.00
Interest Expense	-	0.00	1.00	1.00	-1.00	0.00	1.00	2.00	1.00	1.00	2.00
Interest & Investment Income	5.00	8.00	10	10	8.00	7.00	8.00	10	7.00	7.00	7.00
Income Tax Expense	10	-4.00	17	-13	43	2.00	1.00	1.00	-3.00	3.00	0.00
Basic Earnings per Share	$0.20	($0.06)	$0.32	($0.14)	($0.17)	($0.12)	$0.14	$0.11	$0.24	($0.19)	($0.31)
Weighted Average Basic Shares Outstanding	218.06M	218.52M	220.68M	221.06M	223.37M	223.96M	224.48M	225.37M	227.25M	227.76M	228.16M
Diluted Earnings per Share	$0.20	($0.06)	$0.31	($0.14)	($0.16)	($0.12)	$0.14	$0.11	$0.24	($0.19)	($0.31)
Weighted Average Diluted Shares Outstanding	218.06M	218.52M	220.68M	221.06M	223.37M	223.96M	224.48M	225.37M	227.25M	227.76M	228.16M
Weighted Average Basic & Diluted Shares Outstanding	218.06M	218.52M	220.68M	221.06M	223.37M	223.96M	224.48M	225.37M	227.25M	227.76M	228.16M

This table details how cash moves in and out of Frontier Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	70	-390	540	-157	-152	131
Net Cash From Operating Activities	171	-557	216	-78	-261	-82
Net Cash From Continuing Operating Activities	171	-557	216	-78	-261	-82
Net Income / (Loss) Continuing Operations	251	-225	-102	-37	-11	85
Consolidated Net Income / (Loss)	251	-225	-102	-37	-11	85
Depreciation Expense	46	33	38	45	50	72
Amortization Expense	0.00	0.00	1.00	1.00	1.00	1.00
Non-Cash Adjustments To Reconcile Net Income	-117	-29	-47	-83	-149	-195
Changes in Operating Assets and Liabilities, net	-9.00	-336	326	-4.00	-152	-45
Net Cash From Investing Activities	-62	11	-67	-154	-90	-75
Net Cash From Continuing Investing Activities	-62	11	-67	-154	-90	-75
Purchase of Property, Plant & Equipment	-62	-16	-27	-41	-51	-76
Sale of Property, Plant & Equipment	-	28	-36	-111	-36	3.00
Other Investing Activities, net	0.00	-1.00	-4.00	-2.00	-3.00	-2.00
Net Cash From Financing Activities	-39	156	391	75	199	288
Net Cash From Continuing Financing Activities	-39	156	391	75	199	288
Repayment of Debt	-142	-126	-97	-266	-131	-447
Issuance of Debt	170	236	163	273	171	476
Other Financing Activities, net	92	46	59	68	159	259

This table details how cash moves in and out of Frontier Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	87	29	-10	-140	-31	13	36	-82	164	-54	-123
Net Cash From Operating Activities	94	-25	-9.00	-173	-54	-22	9.00	-156	87	-86	-133
Net Cash From Continuing Operating Activities	94	-25	-9.00	-173	-54	-22	9.00	-156	87	-86	-133
Net Income / (Loss) Continuing Operations	40	-13	71	-32	-37	-26	31	26	54	-43	-70
Consolidated Net Income / (Loss)	40	-13	71	-32	-37	-26	31	26	54	-43	-70
Depreciation Expense	9.00	11	12	13	14	16	18	19	19	20	21
Non-Cash Adjustments To Reconcile Net Income	-38	-40	-19	-41	-49	-71	14	-66	-72	-51	-28
Changes in Operating Assets and Liabilities, net	83	17	-74	-113	18	59	-54	-135	85	-12	-56
Net Cash From Investing Activities	-37	10	-43	-58	1.00	-7.00	-27	-12	-29	-29	-84
Net Cash From Continuing Investing Activities	-37	10	-43	-58	1.00	-7.00	-27	-12	-29	-29	-84
Purchase of Property, Plant & Equipment	-10	-11	-12	-14	-14	-17	-31	-14	-14	-18	-33
Sale of Property, Plant & Equipment	-25	23	-32	-43	16	13	2.00	2.00	-14	-11	-51
Net Cash From Financing Activities	30	44	42	91	22	42	54	86	106	61	94
Net Cash From Continuing Financing Activities	30	44	42	91	22	42	54	86	106	61	94
Repayment of Debt	-51	-38	-13	-33	-47	-74	-87	-259	-27	-28	-15
Issuance of Debt	59	36	16	89	30	69	73	276	58	33	68
Other Financing Activities, net	22	46	39	35	39	47	68	69	75	56	41

This table presents Frontier Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	3,554	4,235	4,499	4,993	6,153
Total Current Assets	650	1,037	1,020	871	990
Cash & Equivalents	378	918	761	609	740
Accounts Receivable	28	50	90	93	73
Inventories, net	18	29	55	79	79
Other Current Assets	226	40	114	90	98
Plant, Property, & Equipment, net	176	186	226	309	376
Total Noncurrent Assets	2,728	3,012	3,253	3,813	4,787
Intangible Assets	29	29	28	28	27
Other Noncurrent Operating Assets	2,699	2,983	3,225	3,785	4,760
Total Liabilities & Shareholders' Equity	3,554	4,235	4,499	4,993	6,153
Total Liabilities	3,244	3,705	3,990	4,486	5,549
Total Current Liabilities	1,003	1,326	1,555	1,658	1,852
Short-Term Debt	101	127	157	251	261
Accounts Payable	71	86	89	134	115
Current Deferred Revenue	135	273	313	253	294
Other Current Liabilities	696	840	996	1,020	1,182
Total Noncurrent Liabilities	2,241	2,379	2,435	2,828	3,697
Long-Term Debt	247	287	272	219	241
Other Noncurrent Operating Liabilities	1,994	2,092	2,163	2,609	3,456
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	310	530	509	507	604
Total Preferred & Common Equity	310	530	509	507	604
Total Common Equity	310	530	509	507	604
Common Stock	60	381	393	403	414
Retained Earnings	261	159	122	111	196
Accumulated Other Comprehensive Income / (Loss)	-11	-10	-6.00	-7.00	-6.00

This table presents Frontier Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025
Total Assets	4,245	4,246	4,670	4,708	4,935	5,206	5,689	5,826	6,481	6,524
Total Current Assets	954	892	1,042	1,009	936	903	947	910	953	832
Cash & Equivalents	766	674	790	780	640	622	658	576	686	563
Accounts Receivable	63	65	96	91	109	98	95	147	89	98
Inventories, net	54	54	57	60	75	75	78	76	81	86
Other Current Assets	71	99	99	78	112	108	116	111	97	85
Plant, Property, & Equipment, net	195	213	242	260	282	330	350	367	396	458
Total Noncurrent Assets	3,096	3,141	3,386	3,439	3,717	3,973	4,392	4,549	5,132	5,234
Intangible Assets	28	28	28	28	28	27	27	27	27	27
Other Noncurrent Operating Assets	3,068	3,113	3,358	3,411	3,689	3,946	4,365	4,522	5,105	5,207
Total Liabilities & Shareholders' Equity	4,245	4,246	4,670	4,708	4,935	5,206	5,689	5,826	6,481	6,524
Total Liabilities	3,819	3,778	4,182	4,142	4,394	4,722	5,169	5,277	5,911	6,018
Total Current Liabilities	1,550	1,452	1,680	1,645	1,689	1,797	1,821	1,724	1,942	2,045
Short-Term Debt	161	193	215	237	266	265	263	190	263	326
Accounts Payable	102	78	79	91	109	131	137	128	120	169
Current Deferred Revenue	372	296	424	353	307	328	323	292	358	324
Other Current Liabilities	915	885	962	964	1,007	1,073	1,098	1,114	1,201	1,226
Total Noncurrent Liabilities	2,269	2,326	2,502	2,497	2,705	2,925	3,348	3,553	3,969	3,973
Long-Term Debt	212	228	212	193	220	201	189	279	244	234
Other Noncurrent Operating Liabilities	2,057	2,098	2,290	2,304	2,485	2,724	3,159	3,274	3,725	3,739
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	426	468	488	566	541	484	520	549	570	506
Total Preferred & Common Equity	426	468	488	566	541	484	520	549	570	506
Total Common Equity	426	468	488	566	541	484	520	549	570	506
Common Stock	385	389	392	396	399	406	411	414	423	429
Retained Earnings	51	82	109	180	148	85	116	142	153	83
Accumulated Other Comprehensive Income / (Loss)	-10	-3.00	-13	-10	-6.00	-7.00	-7.00	-7.00	-6.00	-6.00

This table displays calculated financial ratios and metrics derived from Frontier Group's official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	-50.16%	64.80%	61.46%	7.91%	5.18%
EBITDA Growth	0.00%	-193.52%	76.51%	101.28%	4,700.00%	172.92%
EBIT Growth	0.00%	-218.12%	67.95%	61.54%	93.33%	2,033.33%
NOPAT Growth	0.00%	-207.06%	67.95%	61.54%	103.27%	5,458.84%
Net Income Growth	0.00%	-189.64%	54.67%	63.73%	70.27%	872.73%
EPS Growth	0.00%	-194.96%	57.52%	64.58%	70.59%	840.00%
Operating Cash Flow Growth	0.00%	-425.73%	138.78%	-136.11%	-234.62%	68.58%
Free Cash Flow Firm Growth	0.00%	0.00%	132.14%	-206.04%	-4.09%	131.23%
Invested Capital Growth	0.00%	0.00%	-90.71%	580.77%	107.91%	-0.54%
Revenue Q/Q Growth	0.00%	0.00%	19.91%	9.81%	-0.42%	3.03%
EBITDA Q/Q Growth	0.00%	0.00%	55.68%	100.78%	-47.25%	70.13%
EBIT Q/Q Growth	0.00%	0.00%	45.58%	74.43%	-106.67%	480.00%
NOPAT Q/Q Growth	0.00%	0.00%	45.58%	74.43%	-97.36%	4,017.25%
Net Income Q/Q Growth	0.00%	0.00%	42.05%	71.54%	-116.67%	1,516.67%
EPS Q/Q Growth	0.00%	0.00%	47.25%	70.18%	-116.13%	1,333.33%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	327.37%	-50.00%	-130.97%	63.23%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	8.38%	-42.92%	205.07%
Invested Capital Q/Q Growth	0.00%	0.00%	-81.30%	-17.67%	-4.91%	-17.19%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	35.29%	-28.56%	10.68%	22.52%	9.81%	23.74%
EBITDA Margin	14.15%	-26.56%	-3.79%	0.03%	1.34%	3.47%
Operating Margin	12.32%	-29.20%	-5.68%	-1.35%	-0.08%	1.54%
EBIT Margin	12.32%	-29.20%	-5.68%	-1.35%	-0.08%	1.54%
Profit (Net Income) Margin	10.01%	-18.00%	-4.95%	-1.11%	-0.31%	2.25%
Tax Burden Percent	77.23%	60.48%	70.83%	82.22%	-34.38%	98.84%
Interest Burden Percent	105.18%	101.92%	123.08%	100.00%	-1,066.67%	148.28%
Effective Tax Rate	22.77%	0.00%	0.00%	0.00%	134.38%	1.16%
Return on Invested Capital (ROIC)	0.00%	-182.50%	-53.53%	-31.03%	0.38%	15.62%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-385.83%	-46.00%	-29.72%	5.49%	0.94%
Return on Net Nonoperating Assets (RNNOA)	0.00%	37.34%	29.24%	23.91%	-2.54%	-0.32%
Return on Equity (ROE)	0.00%	-145.16%	-24.29%	-7.12%	-2.17%	15.30%
Cash Return on Invested Capital (CROIC)	0.00%	-382.50%	112.48%	-179.80%	-69.71%	16.17%
Operating Return on Assets (OROA)	0.00%	-10.27%	-3.00%	-1.03%	-0.06%	1.04%
Return on Assets (ROA)	0.00%	-6.33%	-2.62%	-0.85%	-0.23%	1.53%
Return on Common Equity (ROCE)	0.00%	-145.16%	-24.29%	-7.12%	-2.17%	15.30%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-72.58%	-19.25%	-7.27%	-2.17%	14.07%
Net Operating Profit after Tax (NOPAT)	239	-256	-82	-32	1.03	57
NOPAT Margin	9.52%	-20.44%	-3.98%	-0.95%	0.03%	1.52%
Net Nonoperating Expense Percent (NNEP)	0.00%	203.33%	-7.53%	-1.32%	-5.11%	14.68%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-3.36%	0.11%	5.18%
Cost of Revenue to Revenue	64.71%	128.56%	89.32%	77.48%	90.19%	76.26%
SG&A Expenses to Revenue	2.55%	7.20%	4.90%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.97%	0.64%	16.36%	23.87%	9.89%	22.20%
Earnings before Interest and Taxes (EBIT)	309	-365	-117	-45	-3.00	58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	355	-332	-78	1.00	48	131
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.84	5.53	4.39	2.38	2.65
Price to Tangible Book Value (P/TBV)	0.00	2.03	5.85	4.65	2.52	2.78
Price to Revenue (P/Rev)	0.23	0.46	1.42	0.67	0.34	0.42
Price to Earnings (P/E)	2.27	0.00	0.00	0.00	0.00	18.85
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	44.04%	0.00%	0.00%	0.00%	0.00%	5.30%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.93	93.36	10.76	2.90	3.73
Enterprise Value to Revenue (EV/Rev)	0.00	0.43	1.18	0.57	0.30	0.36
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	1,904.44	22.25	10.42
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	23.52
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	1,035.64	23.80
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	11.24	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	14.10	0.00	0.00	23.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	1.12	0.78	0.84	0.93	0.83
Long-Term Debt to Equity	0.00	0.80	0.54	0.53	0.43	0.40
Financial Leverage	0.00	-0.10	-0.64	-0.80	-0.46	-0.34
Leverage Ratio	0.00	11.46	9.27	8.41	9.34	10.03
Compound Leverage Factor	0.00	11.68	11.41	8.41	-99.65	14.88
Debt to Total Capital	0.00%	52.89%	43.86%	45.74%	48.11%	45.39%
Short-Term Debt to Total Capital	0.00%	15.35%	13.45%	16.74%	25.69%	23.60%
Long-Term Debt to Total Capital	0.00%	37.54%	30.40%	29.00%	22.42%	21.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	47.11%	56.14%	54.26%	51.89%	54.61%
Debt to EBITDA	0.00	-1.05	-5.31	429.00	9.79	3.83
Net Debt to EBITDA	0.00	0.09	6.46	-332.00	-2.90	-1.82
Long-Term Debt to EBITDA	0.00	-0.74	-3.68	272.00	4.56	1.84
Debt to NOPAT	0.00	-1.36	-5.05	-13.62	455.76	8.76
Net Debt to NOPAT	0.00	0.12	6.15	10.54	-134.79	-4.15
Long-Term Debt to NOPAT	0.00	-0.97	-3.50	-8.63	212.36	4.20
Altman Z-Score	0.00	0.10	0.84	0.94	0.72	0.69
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	0.65	0.78	0.66	0.53	0.53
Quick Ratio	0.00	0.40	0.73	0.55	0.42	0.44
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-536	172	-183	-190	59
Operating Cash Flow to CapEx	275.81%	0.00%	342.86%	-51.32%	-300.00%	-112.33%
Free Cash Flow to Firm to Interest Expense	0.00	-44.63	5.93	-18.25	-189.97	14.83
Operating Cash Flow to Interest Expense	0.00	-46.42	7.45	-7.80	-261.00	-20.50
Operating Cash Flow Less CapEx to Interest Expense	0.00	-45.42	5.28	-23.00	-348.00	-38.75
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.35	0.53	0.76	0.76	0.68
Accounts Receivable Turnover	0.00	44.64	52.82	47.51	39.22	45.48
Inventory Turnover	0.00	89.28	78.30	61.36	48.31	36.44
Fixed Asset Turnover	0.00	7.10	11.38	16.15	13.42	11.02
Accounts Payable Turnover	0.00	22.63	23.44	29.45	29.03	23.12
Days Sales Outstanding (DSO)	0.00	8.18	6.91	7.68	9.31	8.03
Days Inventory Outstanding (DIO)	0.00	4.09	4.66	5.95	7.55	10.02
Days Payable Outstanding (DPO)	0.00	16.13	15.57	12.39	12.57	15.78
Cash Conversion Cycle (CCC)	0.00	-3.86	-4.00	1.24	4.29	2.26
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	280	26	177	368	366
Invested Capital Turnover	0.00	8.93	13.46	32.77	13.17	10.29
Increase / (Decrease) in Invested Capital	0.00	280	-254	151	191	-2.00
Enterprise Value (EV)	0.00	540	2,427	1,904	1,068	1,364
Market Capitalization	570	570	2,931	2,236	1,207	1,602
Book Value per Share	$0.00	$10.33	$2.45	$2.34	$2.29	$2.68
Tangible Book Value per Share	$0.00	$9.37	$2.32	$2.21	$2.17	$2.56
Total Capital	0.00	658	944	938	977	1,106
Total Debt	0.00	348	414	429	470	502
Total Long-Term Debt	0.00	247	287	272	219	241
Net Debt	0.00	-30	-504	-332	-139	-238
Capital Expenditures (CapEx)	62	-12	63	152	87	73
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-630	-1,080	-1,139	-1,145	-1,341
Debt-free Net Working Capital (DFNWC)	0.00	-252	-162	-378	-536	-601
Net Working Capital (NWC)	0.00	-353	-289	-535	-787	-862
Net Nonoperating Expense (NNE)	-12	-31	20	5.50	12	-28
Net Nonoperating Obligations (NNO)	0.00	-30	-504	-332	-139	-238
Total Depreciation and Amortization (D&A)	46	33	39	46	51	73
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-50.40%	-52.43%	-34.25%	-31.90%	-35.52%
Debt-free Net Working Capital to Revenue	0.00%	-20.16%	-7.86%	-11.37%	-14.93%	-15.92%
Net Working Capital to Revenue	0.00%	-28.24%	-14.03%	-16.09%	-21.93%	-22.83%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.48)	($0.17)	($0.05)	$0.37
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	217.10M	218.06M	223.37M	227.25M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.48)	($0.17)	($0.05)	$0.37
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	217.10M	218.06M	223.37M	227.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	217.10M	218.06M	223.37M	227.25M
Normalized Net Operating Profit after Tax (NOPAT)	239	-256	-82	-25	-1.40	57
Normalized NOPAT Margin	9.52%	-20.44%	-3.98%	-0.74%	-0.04%	1.52%
Pre Tax Income Margin	12.96%	-29.76%	-6.99%	-1.35%	0.89%	2.28%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-30.42	-4.03	-4.50	-3.00	14.50
NOPAT to Interest Expense	0.00	-21.29	-2.82	-3.15	1.03	14.33
EBIT Less CapEx to Interest Expense	0.00	-29.42	-6.21	-19.70	-90.00	-3.75
NOPAT Less CapEx to Interest Expense	0.00	-20.29	-5.00	-18.35	-85.97	-3.92
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	63.35%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	63.35%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Frontier Group's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	48.77%	40.17%	6.38%	-2.54%	-1.66%	2.00%	0.62%	5.89%	12.46%	5.43%	-4.52%
EBITDA Growth	171.05%	90.00%	313.64%	-164.06%	-79.63%	-7.14%	-52.75%	192.68%	490.91%	-73.33%	-225.58%
EBIT Growth	152.33%	83.66%	1,028.57%	-196.43%	-106.67%	-24.00%	-68.35%	135.19%	1,600.00%	-48.39%	-400.00%
NOPAT Growth	159.80%	83.66%	460.34%	-226.29%	-48.61%	-24.00%	-62.00%	148.40%	157.55%	-48.39%	-316.77%
Net Income Growth	175.47%	89.26%	446.15%	-203.23%	-192.50%	-100.00%	-56.34%	181.25%	245.95%	-65.38%	-325.81%
EPS Growth	200.00%	89.29%	416.67%	-207.69%	-180.00%	-100.00%	-54.84%	178.57%	250.00%	-58.33%	-321.43%
Operating Cash Flow Growth	-21.67%	71.26%	-145.00%	-64.76%	-157.45%	12.00%	200.00%	9.83%	261.11%	-290.91%	-1,577.78%
Free Cash Flow Firm Growth	-159.34%	-12,155.56%	-167.25%	-355.40%	-50.00%	-107.10%	38.13%	82.51%	128.78%	57.63%	-227.32%
Invested Capital Growth	580.77%	267.65%	554.55%	80.00%	107.91%	162.40%	45.37%	14.21%	-0.54%	19.21%	60.19%
Revenue Q/Q Growth	0.00%	-6.40%	14.03%	-8.69%	0.91%	-2.92%	12.49%	-3.91%	7.17%	-8.98%	1.86%
EBITDA Q/Q Growth	-15.63%	-125.93%	750.00%	-145.05%	126.83%	-236.36%	386.67%	-11.63%	71.05%	-140.00%	-107.69%
EBIT Q/Q Growth	-19.64%	-155.56%	416.00%	-168.35%	94.44%	-933.33%	180.65%	-24.00%	136.84%	-202.22%	-63.04%
NOPAT Q/Q Growth	20.28%	-148.61%	464.22%	-159.30%	148.94%	-217.30%	211.61%	-24.45%	160.42%	-167.58%	-63.04%
Net Income Q/Q Growth	29.03%	-132.50%	646.15%	-145.07%	-15.63%	29.73%	219.23%	-16.13%	107.69%	-179.63%	-62.79%
EPS Q/Q Growth	53.85%	-130.00%	616.67%	-145.16%	-14.29%	25.00%	216.67%	-21.43%	118.18%	-179.17%	-63.16%
Operating Cash Flow Q/Q Growth	189.52%	-126.60%	64.00%	-1,822.22%	68.79%	59.26%	140.91%	-1,833.33%	155.77%	-198.85%	-54.65%
Free Cash Flow Firm Q/Q Growth	-149.63%	5.65%	-9.92%	-75.92%	17.78%	-30.26%	67.16%	50.25%	235.26%	-291.75%	-153.68%
Invested Capital Q/Q Growth	-17.67%	-29.38%	72.80%	79.17%	-4.91%	-10.87%	-4.27%	40.76%	-17.19%	6.83%	28.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.39%	21.46%	33.09%	20.39%	-37.04%	19.65%	25.39%	22.99%	26.35%	9.21%	22.82%
EBITDA Margin	5.96%	-1.65%	9.41%	-4.64%	1.23%	-1.73%	4.42%	4.06%	6.49%	-2.85%	-5.81%
Operating Margin	4.97%	-2.95%	8.17%	-6.12%	-0.34%	-3.58%	2.57%	2.03%	4.49%	-5.04%	-8.07%
EBIT Margin	4.97%	-2.95%	8.17%	-6.12%	-0.34%	-3.58%	2.57%	2.03%	4.49%	-5.04%	-8.07%
Profit (Net Income) Margin	4.42%	-1.53%	7.34%	-3.62%	-4.15%	-3.01%	3.19%	2.78%	5.39%	-4.71%	-7.54%
Tax Burden Percent	80.00%	76.47%	80.68%	71.11%	-616.67%	108.33%	96.88%	96.30%	105.88%	107.50%	100.00%
Interest Burden Percent	111.11%	68.00%	111.39%	83.33%	-200.00%	77.42%	128.00%	142.11%	113.33%	86.96%	93.33%
Effective Tax Rate	20.00%	0.00%	19.32%	0.00%	716.67%	0.00%	3.13%	3.70%	-5.88%	0.00%	0.00%
Return on Invested Capital (ROIC)	130.21%	-92.64%	192.02%	-51.26%	27.35%	-39.94%	33.93%	17.30%	48.91%	-37.54%	-52.27%
ROIC Less NNEP Spread (ROIC-NNEP)	129.25%	-93.86%	190.07%	-54.11%	50.91%	-38.28%	31.49%	11.39%	45.54%	-31.09%	-35.52%
Return on Net Nonoperating Assets (RNNOA)	-104.00%	77.23%	-142.36%	21.83%	-23.60%	20.44%	-16.12%	-2.73%	-15.45%	9.88%	7.24%
Return on Equity (ROE)	26.21%	-15.42%	49.66%	-29.43%	3.74%	-19.50%	17.81%	14.57%	33.46%	-27.66%	-45.03%
Cash Return on Invested Capital (CROIC)	-179.80%	-39.59%	-57.27%	-44.16%	-69.71%	-85.81%	-53.62%	-13.62%	16.17%	-5.91%	-56.03%
Operating Return on Assets (OROA)	3.78%	-2.39%	6.62%	-4.80%	-0.25%	-2.62%	1.79%	1.38%	3.04%	-3.30%	-4.99%
Return on Assets (ROA)	3.36%	-1.24%	5.95%	-2.85%	-3.14%	-2.20%	2.21%	1.89%	3.65%	-3.08%	-4.66%
Return on Common Equity (ROCE)	26.21%	-15.42%	49.66%	-29.43%	3.74%	-19.50%	17.81%	14.57%	33.46%	-27.66%	-45.03%
Return on Equity Simple (ROE_SIMPLE)	0.00%	14.55%	22.79%	12.20%	0.00%	-4.96%	-12.31%	-1.09%	0.00%	11.93%	0.00%
Net Operating Profit after Tax (NOPAT)	36	-18	64	-38	19	-22	24	18	48	-32	-53
NOPAT Margin	3.97%	-2.06%	6.59%	-4.28%	2.08%	-2.51%	2.49%	1.96%	4.76%	-3.53%	-5.65%
Net Nonoperating Expense Percent (NNEP)	0.96%	1.22%	1.95%	2.85%	-23.57%	-1.66%	2.44%	5.90%	3.37%	-6.45%	-16.75%
Return On Investment Capital (ROIC_SIMPLE)	3.84%	-	-	-	1.89%	-	-	-	4.31%	-2.99%	-4.93%
Cost of Revenue to Revenue	75.61%	78.54%	66.91%	79.61%	137.04%	80.35%	74.61%	77.01%	73.65%	90.79%	77.18%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.43%	24.41%	24.92%	26.50%	-36.70%	23.24%	22.82%	20.96%	21.86%	14.25%	30.89%
Earnings before Interest and Taxes (EBIT)	45	-25	79	-54	-3.00	-31	25	19	45	-46	-75
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	54	-14	91	-41	11	-15	43	38	65	-26	-54
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.39	4.40	3.73	1.97	2.38	3.70	2.12	2.19	2.65	1.73	1.63
Price to Tangible Book Value (P/TBV)	4.65	4.66	3.93	2.08	2.52	3.92	2.24	2.30	2.78	1.82	1.73
Price to Revenue (P/Rev)	0.67	0.60	0.58	0.30	0.34	0.50	0.31	0.33	0.42	0.26	0.22
Price to Earnings (P/E)	0.00	30.22	16.38	16.18	0.00	0.00	0.00	0.00	18.85	14.50	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	3.31%	6.10%	6.18%	0.00%	0.00%	0.00%	0.00%	5.30%	6.89%	0.00%
Enterprise Value to Invested Capital (EV/IC)	10.76	14.26	8.16	2.36	2.90	4.99	2.86	2.48	3.73	2.06	1.64
Enterprise Value to Revenue (EV/Rev)	0.57	0.50	0.49	0.25	0.30	0.45	0.25	0.30	0.36	0.21	0.22
Enterprise Value to EBITDA (EV/EBITDA)	1,904.44	14.15	9.00	10.04	22.25	35.58	0.00	14.21	10.42	6.78	37.44
Enterprise Value to EBIT (EV/EBIT)	0.00	21.48	11.37	20.31	0.00	0.00	0.00	109.40	23.52	18.77	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	29.95	15.78	23.39	1,035.64	189.45	0.00	0.00	23.80	19.33	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	23.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.84	0.88	0.76	0.90	0.93	0.96	0.87	0.85	0.83	0.89	1.11
Long-Term Debt to Equity	0.53	0.43	0.34	0.41	0.43	0.42	0.36	0.51	0.40	0.43	0.46
Financial Leverage	-0.80	-0.82	-0.75	-0.40	-0.46	-0.53	-0.51	-0.24	-0.34	-0.32	-0.20
Leverage Ratio	8.41	9.82	9.03	9.10	9.34	10.16	9.57	9.87	10.03	11.09	11.90
Compound Leverage Factor	9.34	6.68	10.05	7.58	-18.69	7.87	12.25	14.03	11.37	9.64	11.11
Debt to Total Capital	45.74%	46.67%	43.17%	47.32%	48.11%	49.05%	46.50%	46.07%	45.39%	47.08%	52.53%
Short-Term Debt to Total Capital	16.74%	23.50%	23.80%	25.90%	25.69%	27.89%	27.06%	18.66%	23.60%	24.42%	30.58%
Long-Term Debt to Total Capital	29.00%	23.17%	19.38%	21.42%	22.42%	21.16%	19.44%	27.41%	21.79%	22.66%	21.95%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	54.26%	53.33%	56.83%	52.68%	51.89%	50.95%	53.50%	53.93%	54.61%	52.92%	47.47%
Debt to EBITDA	429.00	3.39	2.19	5.34	9.79	10.13	-226.00	6.09	3.83	4.26	25.45
Net Debt to EBITDA	-332.00	-2.88	-1.79	-1.69	-2.90	-3.39	103.00	-1.39	-1.82	-1.50	-0.14
Long-Term Debt to EBITDA	272.00	1.68	0.98	2.42	4.56	4.37	-94.50	3.62	1.84	2.05	10.64
Debt to NOPAT	-13.62	7.17	3.85	12.44	455.76	53.94	-10.25	-320.48	8.76	12.14	-14.04
Net Debt to NOPAT	10.54	-6.10	-3.13	-3.94	-134.79	-18.06	4.67	73.12	-4.15	-4.29	0.08
Long-Term Debt to NOPAT	-8.63	3.56	1.73	5.63	212.36	23.26	-4.29	-190.65	4.20	5.84	-5.86
Altman Z-Score	1.00	0.92	1.02	0.70	0.72	0.72	0.62	0.64	0.69	0.52	0.42
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.66	0.62	0.61	0.55	0.53	0.50	0.52	0.53	0.53	0.49	0.41
Quick Ratio	0.55	0.53	0.53	0.44	0.42	0.40	0.41	0.42	0.44	0.40	0.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-115	-109	-119	-210	-173	-225	-74	-37	50	-95	-242
Operating Cash Flow to CapEx	268.57%	0.00%	-20.45%	-303.51%	0.00%	-550.00%	31.03%	-1,300.00%	310.71%	-296.55%	-158.33%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-119.26	-209.80	0.00	0.00	-73.78	-18.35	49.65	-95.20	-120.75
Operating Cash Flow to Interest Expense	0.00	0.00	-9.00	-173.00	0.00	0.00	9.00	-78.00	87.00	-86.00	-66.50
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-53.00	-230.00	0.00	0.00	-20.00	-84.00	59.00	-115.00	-108.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.76	0.81	0.81	0.79	0.76	0.73	0.69	0.68	0.68	0.65	0.62
Accounts Receivable Turnover	47.51	45.76	47.10	41.43	39.22	37.18	38.84	28.63	45.48	40.88	39.15
Inventory Turnover	61.36	54.98	46.81	41.88	48.31	41.67	41.00	37.70	36.44	38.62	36.62
Fixed Asset Turnover	16.15	16.49	15.94	14.56	13.42	12.61	11.84	11.29	11.02	10.53	9.35
Accounts Payable Turnover	29.45	31.33	27.65	28.89	29.03	26.19	24.82	24.02	23.12	24.00	19.63
Days Sales Outstanding (DSO)	7.68	7.98	7.75	8.81	9.31	9.82	9.40	12.75	8.03	8.93	9.32
Days Inventory Outstanding (DIO)	5.95	6.64	7.80	8.72	7.55	8.76	8.90	9.68	10.02	9.45	9.97
Days Payable Outstanding (DPO)	12.39	11.65	13.20	12.64	12.57	13.94	14.71	15.20	15.78	15.21	18.60
Cash Conversion Cycle (CCC)	1.24	2.96	2.35	4.89	4.29	4.64	3.59	7.24	2.26	3.17	0.69
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	177	125	216	387	368	328	314	442	366	391	503
Invested Capital Turnover	32.77	44.89	29.13	11.97	13.17	15.92	13.63	8.84	10.29	10.63	9.25
Increase / (Decrease) in Invested Capital	151	91	183	172	191	203	98	55	-2.00	63	189
Enterprise Value (EV)	1,904	1,783	1,763	914	1,068	1,637	898	1,094	1,364	807	824
Market Capitalization	2,236	2,146	2,113	1,068	1,207	1,793	1,104	1,201	1,602	986	827
Book Value per Share	$2.34	$2.24	$2.59	$2.45	$2.29	$2.16	$2.32	$2.45	$2.68	$2.51	$2.22
Tangible Book Value per Share	$2.21	$2.11	$2.46	$2.32	$2.17	$2.04	$2.20	$2.33	$2.56	$2.39	$2.10
Total Capital	938	915	996	1,027	977	950	972	1,018	1,106	1,077	1,066
Total Debt	429	427	430	486	470	466	452	469	502	507	560
Total Long-Term Debt	272	212	193	220	219	201	189	279	241	244	234
Net Debt	-332	-363	-350	-154	-139	-156	-206	-107	-238	-179	-3.00
Capital Expenditures (CapEx)	35	-12	44	57	-2.00	4.00	29	12	28	29	84
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,139	-1,213	-1,179	-1,127	-1,145	-1,251	-1,269	-1,200	-1,341	-1,412	-1,450
Debt-free Net Working Capital (DFNWC)	-378	-423	-399	-487	-536	-629	-611	-624	-601	-726	-887
Net Working Capital (NWC)	-535	-638	-636	-753	-787	-894	-874	-814	-862	-989	-1,213
Net Nonoperating Expense (NNE)	-4.00	-4.50	-7.26	-5.80	56	4.30	-6.78	-7.70	-6.35	11	18
Net Nonoperating Obligations (NNO)	-332	-363	-350	-154	-139	-156	-206	-107	-238	-179	-3.00
Total Depreciation and Amortization (D&A)	9.00	11	12	13	14	16	18	19	20	20	21
Debt-free, Cash-free Net Working Capital to Revenue	-34.25%	-33.99%	-32.51%	-31.27%	-31.90%	-34.69%	-35.13%	-32.75%	-35.52%	-36.94%	-38.38%
Debt-free Net Working Capital to Revenue	-11.37%	-11.85%	-11.00%	-13.51%	-14.93%	-17.44%	-16.92%	-17.03%	-15.92%	-19.00%	-23.48%
Net Working Capital to Revenue	-16.09%	-17.88%	-17.54%	-20.89%	-21.93%	-24.79%	-24.20%	-22.22%	-22.83%	-25.88%	-32.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.20	($0.06)	$0.32	($0.14)	($0.17)	($0.12)	$0.14	$0.11	$0.24	($0.19)	($0.31)
Adjusted Weighted Average Basic Shares Outstanding	218.06M	218.52M	220.68M	221.06M	223.37M	223.96M	224.48M	225.37M	227.25M	227.76M	228.16M
Adjusted Diluted Earnings per Share	$0.20	($0.06)	$0.31	($0.14)	($0.16)	($0.12)	$0.14	$0.11	$0.24	($0.19)	($0.31)
Adjusted Weighted Average Diluted Shares Outstanding	218.06M	218.52M	220.68M	221.06M	223.37M	223.96M	224.48M	225.37M	227.25M	227.76M	228.16M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	218.06M	218.52M	220.68M	221.06M	223.37M	223.96M	224.48M	225.37M	227.25M	227.76M	228.16M
Normalized Net Operating Profit after Tax (NOPAT)	38	-18	64	-38	-2.10	-22	24	18	32	-32	-53
Normalized NOPAT Margin	4.15%	-2.06%	6.59%	-4.28%	-0.24%	-2.51%	2.49%	1.96%	3.14%	-3.53%	-5.65%
Pre Tax Income Margin	5.52%	-2.00%	9.10%	-5.10%	0.67%	-2.77%	3.29%	2.89%	5.09%	-4.39%	-7.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	79.00	-54.00	0.00	0.00	25.00	9.50	45.00	-46.00	-37.50
NOPAT to Interest Expense	0.00	0.00	63.74	-37.80	0.00	0.00	24.22	9.15	47.65	-32.20	-26.25
EBIT Less CapEx to Interest Expense	0.00	0.00	35.00	-111.00	0.00	0.00	-4.00	3.50	17.00	-75.00	-79.50
NOPAT Less CapEx to Interest Expense	0.00	0.00	19.74	-94.80	0.00	0.00	-4.78	3.15	19.65	-61.20	-68.25
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Frontier Group's Financials

When does Frontier Group's financial year end?

According to the most recent income statement we have on file, Frontier Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Frontier Group's net income changed over the last 5 years?

Frontier Group's net income appears to be on an upward trend, with a most recent value of $85 million in 2024, falling from $251 million in 2019. The previous period was -$11 million in 2023. Check out Frontier Group's forecast to explore projected trends and price targets.

What is Frontier Group's operating income?

Frontier Group's total operating income in 2024 was $58 million, based on the following breakdown:

Total Gross Profit: $896 million
Total Operating Expenses: $838 million

How has Frontier Group's revenue changed over the last 5 years?

Over the last 5 years, Frontier Group's total revenue changed from $2.51 billion in 2019 to $3.78 billion in 2024, a change of 50.5%.

How much debt does Frontier Group have?

Frontier Group's total liabilities were at $5.55 billion at the end of 2024, a 23.7% increase from 2023, and a 71.1% increase since 2020.

How much cash does Frontier Group have?

In the past 4 years, Frontier Group's cash and equivalents has ranged from $378 million in 2020 to $918 million in 2021, and is currently $740 million as of their latest financial filing in 2024.

How has Frontier Group's book value per share changed over the last 5 years?

Over the last 5 years, Frontier Group's book value per share changed from 0.00 in 2019 to 2.68 in 2024, a change of 268.0%.

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This page (NASDAQ:ULCC) was last updated on 8/21/2025 by MarketBeat.com Staff

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Frontier Group (ULCC) Financials

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Frontier Group (ULCC) Financials

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