Frontier [ULCC] vs Delta Air Lines [DAL] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Frontier Group Holdings Inc. wins in 3 metrics, Delta Air Lines Inc. wins in 16 metrics, with 0 ties. Delta Air Lines Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Frontier Group Holdings Inc. Delta Air Lines Inc. Better
P/E Ratio (TTM) 11.48 8.26 Delta Air Lines Inc.
Price-to-Book Ratio 1.74 2.02 Frontier Group Holdings Inc.
Debt-to-Equity Ratio 1,112.63 117.30 Delta Air Lines Inc.
PEG Ratio -2.76 0.82 Delta Air Lines Inc.
EV/EBITDA -15.69 7.02 Delta Air Lines Inc.
Profit Margin (TTM) -3.68% 7.36% Delta Air Lines Inc.
Operating Margin (TTM) -9.63% 9.92% Delta Air Lines Inc.
EBITDA Margin (TTM) N/A 9.92% N/A
Return on Equity -25.02% 28.51% Delta Air Lines Inc.
Return on Assets (TTM) -4.22% 4.75% Delta Air Lines Inc.
Free Cash Flow (TTM) $-624.00M $2.89B Delta Air Lines Inc.
Dividend Yield N/A 1.10% N/A
1-Year Return 82.22% 76.57% Frontier Group Holdings Inc.
Price-to-Sales Ratio (TTM) 0.23 0.61 Frontier Group Holdings Inc.
Enterprise Value $5.65B $56.28B Delta Air Lines Inc.
EV/Revenue Ratio 1.52 0.89 Delta Air Lines Inc.
Gross Profit Margin (TTM) 2.51% 26.78% Delta Air Lines Inc.
Revenue per Share (TTM) $16 $97 Delta Air Lines Inc.
Earnings per Share (Diluted) $-0.60 $7.09 Delta Air Lines Inc.
Beta (Stock Volatility) 2.58 1.39 Delta Air Lines Inc.
Short % of Float 45.28% 2.97% Delta Air Lines Inc.

Frontier Group Holdings Inc. vs Delta Air Lines Inc. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Frontier Group Holdings Inc.5.12%9.68%38.32%102.78%14.06%43.76%
Delta Air Lines Inc.1.22%7.49%19.71%38.18%17.96%21.73%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Frontier Group Holdings Inc.82.22%-35.57%-66.86%-66.84%-66.84%-66.84%
Delta Air Lines Inc.76.57%94.11%84.74%118.52%767.01%297.23%

Performance & Financial Health Analysis: Frontier Group Holdings Inc. vs Delta Air Lines Inc.

MetricULCCDAL
Market Information
Market Cap i$882.17M$38.24B
Market Cap CategorySmall capLarge cap
10 Day Avg. Volume i6,562,6777,347,420
90 Day Avg. Volume i5,636,6927,976,183
Last Close$6.57$84.07
52 Week Range$3.02 - $7.11$45.28 - $87.38
% from 52W High-7.53%-3.79%
All-Time High$22.70 (May 31, 2021)$87.38 (Jun 15, 2026)
% from All-Time High-71.06%-3.79%
Growth Metrics
Quarterly Revenue Growth-0.01%0.06%
Quarterly Earnings Growth-0.02%0.11%
Financial Health
Profit Margin (TTM) i-0.04%0.07%
Operating Margin (TTM) i-0.10%0.10%
Return on Equity (TTM) i-0.25%0.29%
Debt to Equity (MRQ) i1,112.63117.30
Cash & Liquidity
Book Value per Share (MRQ)$2.14$29.02
Cash per Share (MRQ)$2.92$5.85
Operating Cash Flow (TTM) i$-525,000,000$7.98B
Levered Free Cash Flow (TTM) i$-216,750,000$2.06B
Dividends
Last 12-Month Dividend Yield iN/A1.10%
Last 12-Month Dividend iN/A$0.72

Valuation & Enterprise Metrics Analysis: Frontier Group Holdings Inc. vs Delta Air Lines Inc.

MetricULCC (Apr 24, 2026)DAL (Nov 23, 2025)
Price Ratios
P/E Ratio (TTM) i11.488.26
Forward P/E i30.168.34
PEG Ratio i-2.760.82
Price to Sales (TTM) i0.230.61
Price to Book (MRQ) i1.742.02
Market Capitalization
Market Capitalization i$882.17M$38.24B
Enterprise Value i$5.65B$56.28B
Enterprise Value Metrics
Enterprise to Revenue i1.520.89
Enterprise to EBITDA i-15.697.02
Risk & Other Metrics
Beta i2.581.39
Book Value per Share (MRQ) i$2.14$29.02

Financial Statements Comparison: Frontier Group Holdings Inc. vs Delta Air Lines Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricULCC (2025)DAL (2024)
Revenue/Sales i3.72B61.64B
Cost of Goods Sold i3.71B45.09B
COGS % of Revenue i99.6%73.1%
Gross Profit i14.00M16.56B
Gross Margin i0.4%26.9%
Research & Development iN/AN/A
Operating Income (EBIT) i-149.00M6.00B
Operating Margin i-4.0%9.7%
EBITDA i-32.00M8.28B
EBITDA Margin i-0.9%13.4%
Pre-Tax Income i-134.00M4.66B
Pre-Tax Income % of Revenue i-3.6%7.6%
Income Tax i3.00M1.20B
Income Tax % of Revenue i0.1%1.9%
Net Income (Profit) i-137.00M3.46B
Profit Margin i-3.7%5.6%

Balance Sheet & Liquidity Metrics

MetricULCC (2025)DAL (2024)
Cash & Equivalents i671.00M3.07B
Total Current Assets iN/A9.84B
Total Current Assets % of Revenue i0.0%16.0%
Total Current Liabilities i2.10B26.67B
Total Current Liabilities % of Revenue i56.5%43.3%
Long-Term Debt i4.38B19.83B
Long-Term Debt % of Revenue i117.7%32.2%
Total Shareholders Equity i491.00M15.29B
Retained Earnings i59.00M8.78B
Retained Earnings % of Revenue i1.6%14.2%
Property, Plant & Equipment i4.81B17.34B

Cash Flow Statement Comparison

MetricULCC (2025)DAL (2024)
Operating Cash Flow i-226.00M7.63B
Operating Cash Flow % of Revenue i-6.1%12.4%
Capital Expenditures i-24.00M-5.14B
Free Cash Flow i-624.00M2.89B
FCF Margin i-16.8%4.7%
Debt Repayment i-380.00M-3.95B
Common Stock Repurchase iN/AN/A

Short Interest & Institutional Ownership Analysis

MetricULCCDAL
Shares Short i26.36M17.19M
Short Ratio i5.121.82
Short % of Float i45.28%2.97%
Shares Outstanding i229.01M652.96M
Float Shares i57.89M645.23M
% Held by Insiders i48.64%0.33%
% Held by Institutions i54.84%82.89%
% Held by Public i-3.48%16.78%

Dividend Analysis & Yield Comparison: Frontier Group Holdings Inc. vs Delta Air Lines Inc.

MetricULCCDAL
Last 12-Month Dividend iN/A$0.72
Last 12-Month Dividend Yield iN/A1.10%
3-Year Avg Annual Dividend iN/A$0.52
3-Year Avg Dividend Yield iN/A0.28%
3-Year Total Dividends iN/A$1.57
Ex-Dividend DateN/AFeb 26, 2026