ULCC
Frontier Group Holdings, Inc.
ULCC lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink, though they disagree widely on how much.
ULCC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| Stable | |
| Strong |
ULCC's revenue and balance sheet are currently strong, and its cash flow is stable, but its profitability is weak.
ULCC PE Valuation
ULCC has no meaningful PE right now: it lost money over the past year.
ULCC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect ULCC's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
ULCC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.78 | -$1.18 |
| Q2 2026 | -$1.67 | -$1.52 |
| Q1 2026 | -$1.59 | -630% |
| Q4 2025 | -$0.60 | -262% |
| Q3 2025 | -$0.60 | -$0.57 |
| Q2 2025 | -$0.15 | +$0.13 |
| Q1 2025 | $0.30 | +$0.41 |
| Q4 2024 | $0.37 | +$0.42 |
ULCC lost $1.78 per share over the past year, and its loss has widened in each of the last three quarters.
ULCC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +53% |
| Q2 2026 | $1.3B | +38% |
| Q1 2026 | $992M | +8.8% |
| Q4 2025 | $997M | -0.5% |
| Q3 2025 | $886M | -5.2% |
| Q2 2025 | $929M | -4.5% |
| Q1 2025 | $912M | +5.4% |
| Q4 2024 | $1B | +12% |
ULCC's revenue has picked up after two years of holding roughly level: $1.4B last quarter, up 53% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -8% | +0.7 points |
| Q2 2026 | -7.6% | +0.5 points |
| Q1 2026 | -29% | -24 points |
| Q4 2025 | 4.9% | +0.4 points |
| Q3 2025 | -8.7% | -11 points |
| Q2 2025 | -8.1% | -11 points |
| Q1 2025 | -5% | -1.5 points |
| Q4 2024 | 4.5% | +4.8 points |
ULCC's operating margin was −8% last quarter, up 0.7 points from the same quarter a year ago.
ULCC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$51M | +$166M |
| Q2 2026 | $138M | +$304M |
| Q1 2026 | $28M | +$132M |
| Q4 2025 | -$113M | -255% |
| Q3 2025 | -$217M | -$47M |
| Q2 2025 | -$166M | -$144M |
| Q1 2025 | -$104M | -$65M |
| Q4 2024 | $73M | +$141M |
ULCC's free cash flow has turned positive after six years mostly in the red: $2M over the past year.
ULCC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +264K shares |
| 1 year | +0.9% | +2.1M shares |
| 3 years | +4.3% | +9.4M shares |
| 5 years | +5.5% | +12M shares |
| Available history | +15% | +30.6M shares |
ULCC has 230M diluted shares, up 0.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | — |
ULCC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -1.5x | Net Cash |
| Q4 2024 | -1.8x | Net Cash |
| Q3 2024 | -1.4x | Net Cash |
| Q1 2024 | -3.4x | Net Cash |
| Q4 2023 | -3.0x | Net Cash |
| Q3 2023 | -1.7x | Net Cash |
| Q2 2023 | -1.8x | Net Cash |
ULCC has more cash than debt.
ULCC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.8 | Neutral |
| Stochastic | 69.0 | Neutral |
ULCC's weekly RSI is 62 (neutral) and its Stochastic is 69 (neutral).
ULCC PE vs Industrials Sector
| Metric | ULCC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
ULCC has no meaningful PE right now: it lost money over the past year.
ULCC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.19 | 24% above |
| 20 week MA | $6.30 | 22% above |
| 50 week MA | $5.50 | 40% above |
| 100 week MA | $5.28 | 46% above |
| 200 week MA | $6.00 | 28% above |
ULCC has climbed back above all five of its weekly moving averages, and it's now 28% above its 200-week average.
ULCC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $18.9 | $14.3 | -24% |
| 2022 | $14.3 | $10.5 | -27% |
| 2023 | $10.5 | $5.46 | -48% |
| 2024 | $5.46 | $7.17 | +31% |
| 2025 | $7.17 | $4.71 | -34% |
| 2026 YTD | $4.71 | $7.70 | +63% |
ULCC is up 63% so far in 2026, after finishing lower in four of the previous five years.