Frontier (ULCC) | Financial Analysis & Statements

Frontier Group Holdings Inc. | Small-cap | Industrials

$3.96

-4.58%

Frontier vs Delta Air Lines Frontier vs United Airlines Frontier vs JetBlue Airways Frontier vs Air Transport Frontier vs Allegiant Travel Frontier vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 3.8B

Gross Profit 187.0M 4.95%

Operating Income 58.0M 1.54%

Net Income 85.0M 2.25%

Balance Sheet Metrics

Total Assets 6.2B

Total Liabilities 5.5B

Shareholders Equity 604.0M

Debt to Equity 9.19

Cash Flow Metrics

Operating Cash Flow 129.0M

Free Cash Flow -158.0M

Revenue & Profitability Trend

Frontier Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	3.8B	3.6B	3.3B	2.1B	1.2B
Cost of Goods Sold	3.6B	3.3B	3.0B	2.3B	1.6B
Gross Profit	187.0M	302.0M	282.0M	-202.0M	-390.0M
Operating Expenses	129.0M	304.0M	317.0M	-85.0M	-25.0M
Operating Income	58.0M	-2.0M	-35.0M	-117.0M	-365.0M
Pre-tax Income	86.0M	32.0M	-45.0M	-144.0M	-372.0M
Income Tax	1.0M	43.0M	-8.0M	-42.0M	-147.0M
Net Income	85.0M	-11.0M	-37.0M	-102.0M	-225.0M
EPS (Diluted)	-	-$0.05	-$0.17	-$0.48	-$1.05

Income Statement Trend

Frontier Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	990.0M	871.0M	1.0B	1.0B	650.0M
Non-Current Assets	5.2B	4.1B	3.5B	3.2B	2.9B
Total Assets	6.2B	5.0B	4.5B	4.2B	3.6B
Liabilities
Current Liabilities	1.9B	1.7B	1.6B	1.3B	1.0B
Non-Current Liabilities	3.7B	2.8B	2.4B	2.4B	2.2B
Total Liabilities	5.5B	4.5B	4.0B	3.7B	3.2B
Equity
Total Shareholders Equity	604.0M	507.0M	509.0M	530.0M	310.0M

Balance Sheet Composition

Frontier Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	85.0M	-11.0M	-37.0M	-102.0M	-225.0M
Operating Cash Flow	129.0M	-98.0M	20.0M	274.0M	-518.0M
Investing Activities
Capital Expenditures	3.0M	-36.0M	-111.0M	-36.0M	28.0M
Investing Cash Flow	1.0M	-39.0M	-113.0M	-40.0M	27.0M
Financing Activities
Dividends Paid	-	-	-	0	0
Financing Cash Flow	287.0M	198.0M	74.0M	388.0M	156.0M
Free Cash Flow	-158.0M	-348.0M	-230.0M	153.0M	-573.0M

Cash Flow Trend

Frontier Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 11.68

Forward P/E 6.26

Price to Book 1.40

Price to Sales 0.21

PEG Ratio 6.26

Profitability Ratios

Profit Margin 1.78%

Operating Margin -11.18%

Return on Equity 12.90%

Return on Assets -2.95%

Financial Health

Current Ratio 0.49

Debt to Equity 840.53

Beta 2.68

Per Share Data

EPS (TTM) $0.30

Book Value per Share $2.50

Revenue per Share $16.97

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
ulcc	798.3M	11.68	1.40	12.90%	1.78%	840.53
Delta Air Lines	32.1B	8.72	2.06	27.52%	5.91%	151.36
United Airlines	25.8B	7.19	2.05	33.57%	6.34%	260.98
JetBlue Airways	1.5B	41.30	0.59	-11.30%	-3.12%	385.03
Air Transport	1.5B	56.20	0.99	1.92%	1.40%	107.99
Allegiant Travel	916.8M	17.54	0.80	-17.02%	-8.11%	187.96

Financial data is updated regularly. All figures are in the company's reporting currency.