ULCCFrontier Group Holdings, Inc.
Is the business good?
Margins compressing. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is ULCC?
Frontier Group Holdings, Inc. keeps −10% of every revenue dollar as operating profit, against 7.6% for the median Airlines name.
Operating margin · Airlines median 7.6% · 12 months to Q1 2026
- Share count, year on year
- +1.1%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | −29% |
| FY2021 | −5.7% |
| FY2022 | −1.4% |
| FY2023 | −0.08% |
| FY2024 | 1.5% |
| FY2025 | −4.0% |
Details›
- Operating margin12 months to Q1 2026
- −10%
- Net margin12 months to Q1 2026
- −9.6%
- Free cash flow margin
- −12%
- Revenue, trailing twelve months
- $3.80B
- Free cash flow, trailing twelve months
- −$468M
- Net income, trailing twelve months
- −$366M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.