Frontier Group Holdings, Inc.
NASDAQ:ULCC · NASDAQ Global Select
+$0.48 today
Vol 4.28M · Avg 5.61M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NASDAQ:ULCC · Revenue to Net Income
Key Ratios
Analysis
$3.8B of revenue converted into -$366.0M of net income for the selected period. Gross margin is 17.9% and net margin is -9.6%, showing how much revenue survives after costs and taxes. EPS is $-1.60, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.7B -1.4% | $3.8B +5.2% | $3.6B +7.9% | $3.3B +61.5% | $2.1B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $2.4B +30.7% | $1.8B -44.1% | $3.3B +8.0% | $3.0B +34.6% | $2.3B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $1.3B -31.8% | $1.9B +541.4% | $302.0M +7.1% | $282.0M +239.6% | -$202.0M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 35.5% -15.8pp | 51.3% +42.9pp | 8.4% -0.1pp | 8.5% +18.3pp | -9.8% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $159.0M -10.7% | $178.0M +8.5% | $164.0M +0.0% | $164.0M +50.5% | $109.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $1.5B -21.7% | $1.9B +516.1% | $305.0M -18.0% | $372.0M +537.6% | -$85.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $91.0M +26.4% | $72.0M +44.0% | $50.0M +11.1% | $45.0M +18.4% | $38.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | -$58.0M -147.5% | $122.0M +47.0% | $83.0M +730.0% | $10.0M +113.0% | -$77.0M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | -1.6% -4.8pp | 3.2% +0.9pp | 2.3% +2.0pp | 0.3% +4.0pp | -3.7% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$149.0M -356.9% | $58.0M +2033.3% | -$3.0M +93.3% | -$45.0M +61.5% | -$117.0M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -4.0% -5.5pp | 1.5% +1.6pp | -0.1% +1.3pp | -1.4% +4.3pp | -5.7% | 16.6% | 24.1% | 22.0% |
| Interest Income | $26.0M -18.8% | $32.0M -11.1% | $36.0M +260.0% | $10.0M +400.0% | $2.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $11.0M +175.0% | $4.0M +300.0% | $1.0M -90.0% | $10.0M -65.5% | $29.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $15.0M -46.4% | $28.0M -20.0% | $35.0M +450.0% | -$10.0M +63.0% | -$27.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$134.0M -255.8% | $86.0M +168.8% | $32.0M +171.1% | -$45.0M +68.8% | -$144.0M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -3.6% -5.9pp | 2.3% +1.4pp | 0.9% +2.2pp | -1.4% +5.6pp | -7.0% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $3.0M +200.0% | $1.0M -97.7% | $43.0M +637.5% | -$8.0M +81.0% | -$42.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | -$137.0M -261.2% | $85.0M +872.7% | -$11.0M +70.3% | -$37.0M +63.7% | -$102.0M | $4.9B | $4.8B | $4.7B |
| Net Margin | -3.7% -5.9pp | 2.3% +2.6pp | -0.3% +0.8pp | -1.1% +3.8pp | -5.0% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$1 -257.9% | $0 +860.0% | -$0 +70.6% | -$0 +63.8% | -$0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$1 -257.9% | $0 +860.0% | -$0 +70.6% | -$0 +63.8% | -$0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $228.8M +2.0% | $224.3M +1.9% | $220.1M +1.1% | $217.6M +0.2% | $217.1M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $230.0M +1.9% | $225.7M +2.6% | $220.1M +1.1% | $217.6M +0.2% | $217.1M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Willis Lease Finance Corporation
NASDAQ:WLFC
$1.58B
Hertz Global Holdings, Inc.
NASDAQ:HTZ
$1.58B
Controladora Vuela Compañía de Aviación, S.A.B. de C.V.
NYSE:VLRS
$1.03B
Sun Country Airlines Holdings, Inc.
SNCY
$876.36M
Sky Harbour Group Corporation
NYSE:SKYH
$727.40M
Latham Group, Inc.
NASDAQ:SWIM
$689.28M
Montrose Environmental Group, Inc.
MEG
$565.70M
Serve Robotics Inc.
NASDAQ:SERV
$461.22M
Wheels Up Experience Inc.
NYSE:UP
$290.01M
Alta Equipment Group Inc.
NYSE:ALTG
$253.94M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does ULCC generate?
Frontier Group Holdings, Inc. (ULCC) reported $3.72B of revenue in fiscal 2025.
Is ULCC profitable?
Frontier Group Holdings, Inc. (ULCC) reported -$137,000,000.00 of net income, with a net margin of -3.7%.
Explore More
Continue the stock analysis
Jump to another research area for this company.