Symbols / ULCC $3.18 +0.32%
ULCC Chart
About
Frontier Group Holdings, Inc., provides low-fare passenger airline services to leisure travelers in the United States and Latin America. The company sells its products through direct distribution channels, such as websites, mobile apps, and contact centers. As of December 31, 2025, it had a fleet of 176 Airbus single-aisle aircraft. Frontier Group Holdings, Inc. was founded in 1994 and is headquartered in Denver, Colorado.
Fundamentals
Scroll to Statements| Sector | Industrials | Industry | Airlines | Market Cap | 730.16M |
| Enterprise Value | 5.52B | Income | -137.00M | Sales | 3.72B |
| Book/sh | 2.14 | Cash/sh | 2.92 | Dividend Yield | — |
| Payout | 0.00% | Employees | 7656 | IPO | — |
| P/E | — | Forward P/E | 8.73 | PEG | — |
| P/S | 0.20 | P/B | 1.48 | P/C | — |
| EV/EBITDA | -15.34 | EV/Sales | 1.48 | Quick Ratio | 0.39 |
| Current Ratio | 0.46 | Debt/Eq | 1112.63 | LT Debt/Eq | — |
| EPS (ttm) | -0.60 | EPS next Y | 0.36 | EPS Growth | 1.00% |
| Revenue Growth | -0.50% | Earnings | 2026-04-30 | ROA | -4.22% |
| ROE | -25.02% | ROIC | — | Gross Margin | 2.82% |
| Oper. Margin | -9.63% | Profit Margin | -3.68% | Shs Outstand | 229.61M |
| Shs Float | 57.86M | Short Float | 38.24% | Short Ratio | 6.01 |
| Short Interest | — | 52W High | 6.66 | 52W Low | 2.89 |
| Beta | 2.55 | Avg Volume | 3.88M | Volume | 5.38M |
| Target Price | $4.94 | Recom | Hold | Prev Close | $3.17 |
| Price | $3.18 | Change | 0.32% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$4.94
Mean price target
2. Current target
$3.18
Latest analyst target
3. DCF / Fair value
$-16.99
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.18
Low
$3.50
High
$8.00
Mean
$4.94
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-03-20 | main | Citigroup | Neutral → Neutral | $4 |
| 2026-03-16 | main | UBS | Neutral → Neutral | $4 |
| 2026-03-02 | down | Barclays | Overweight → Underweight | $4 |
| 2026-01-09 | main | Susquehanna | Neutral → Neutral | $5 |
| 2026-01-06 | down | B of A Securities | Neutral → Underperform | $4 |
| 2025-12-08 | main | Morgan Stanley | Equal-Weight → Equal-Weight | $8 |
| 2025-12-04 | init | Citigroup | — → Neutral | $5 |
| 2025-10-03 | main | Susquehanna | Neutral → Neutral | $4 |
| 2025-09-26 | main | UBS | Neutral → Neutral | $5 |
| 2025-09-25 | init | Seaport Global | — → Neutral | — |
| 2025-09-02 | up | Deutsche Bank | Hold → Buy | $8 |
| 2025-08-06 | main | UBS | Neutral → Neutral | $4 |
| 2025-07-01 | main | B of A Securities | Neutral → Neutral | $4 |
| 2025-05-19 | main | Morgan Stanley | Equal-Weight → Equal-Weight | $9 |
| 2025-04-11 | main | Citigroup | Neutral → Neutral | $4 |
| 2025-04-11 | main | Barclays | Overweight → Overweight | $6 |
| 2025-04-11 | main | Evercore ISI Group | In-Line → In-Line | $5 |
| 2025-04-08 | main | Barclays | Overweight → Overweight | $10 |
| 2025-04-07 | main | UBS | Neutral → Neutral | $4 |
| 2025-04-07 | main | Susquehanna | Neutral → Neutral | $3 |
- ULCC Sees Price Target Lowered by Citigroup, Maintains Neutral R - GuruFocus Sat, 21 Mar 2026 06
- Why Frontier (ULCC) Shares Are Sliding Today - Yahoo Finance Fri, 27 Feb 2026 08
- Why Frontier (ULCC) Stock Is Dropping Sharply Today - Bitget Wed, 18 Mar 2026 19
- Frontier Group (NASDAQ:ULCC) Price Target Cut to $3.50 by Analysts at Citigroup - MarketBeat Fri, 20 Mar 2026 19
- Why Frontier (ULCC) Shares Are Plunging Today - TradingView Wed, 18 Mar 2026 18
- Frontier (ULCC) boosts Q1 2026 revenue outlook but faces higher fuel costs - Stock Titan ue, 17 Mar 2026 10
- Frontier Stock (-9.0%): Barclays Downgrade on Margin & Strategy Concerns - Trefis ue, 03 Mar 2026 08
- Why Frontier Group (ULCC) Is Down 8.8% After Swinging To Loss And Filing ESOP Share Shelf - simplywall.st ue, 24 Feb 2026 08
- Frontier Group Holdings (ULCC) Price Target Hiked at UBS amid Neutral Stance - MSN Fri, 13 Mar 2026 06
- Why Is Frontier Group Stock Gaining Today? - Benzinga ue, 17 Mar 2026 14
- Frontier Group Holdings (ULCC) Stock Price Prediction: Today, Tomorrow, Next Week - Traders Union Fri, 20 Mar 2026 18
- UBS Group Has Lowered Expectations for Frontier Group (NASDAQ:ULCC) Stock Price - MarketBeat Mon, 16 Mar 2026 20
- Frontier Group (NASDAQ: ULCC) defers 69 A320neos and exits 24 leases - Stock Titan ue, 17 Mar 2026 20
- ULCC: UBS Maintains Neutral Rating, Lowers Price Target | ULCC S - GuruFocus Mon, 16 Mar 2026 21
- Assessing Frontier Group Holdings (ULCC) Valuation After Shelf Registration And Return To Annual Net Loss - simplywall.st Wed, 25 Feb 2026 08
Insider Transactions
| Date | Shares | Url | Text | Insider | Position | Transaction | Start Date | Ownership | Value |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 14421 | — | — | SCHROETER ROBERT A | Officer | — | 2026-02-06 00:00:00 | D | nan |
| 1 | 14421 | — | — | CLERC ALEXANDRE | Officer | — | 2026-02-06 00:00:00 | D | nan |
| 2 | 21775 | — | — | SCHULLER STEVE | Officer | — | 2026-02-06 00:00:00 | D | nan |
| 3 | 20549 | — | — | MITCHELL MARK CHRISTOPHER | Chief Financial Officer | — | 2026-02-06 00:00:00 | D | nan |
| 4 | 66494 | — | — | DEMPSEY JAMES G | Chief Executive Officer | — | 2026-02-06 00:00:00 | D | nan |
| 5 | 36105 | — | — | DIAMOND HOWARD | Officer | — | 2026-02-06 00:00:00 | D | nan |
| 6 | 26676 | — | — | STEDKE TREVOR J | Officer | — | 2026-02-06 00:00:00 | D | nan |
| 7 | 12874 | — | — | WETZEL JOSHUA A | Officer | — | 2026-02-06 00:00:00 | D | nan |
| 8 | 5000 | — | Sale at price 6.00 per share. | SCHULLER STEVE | Officer | — | 2026-02-06 00:00:00 | D | 30000.0 |
| 9 | 4619 | — | — | WETZEL JOSHUA A | Officer | — | 2026-02-05 00:00:00 | D | nan |
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | -1.78M |
| TaxRateForCalcs | 0.21 | 0.01 | 0.21 | 0.18 |
| NormalizedEBITDA | -32.00M | 162.00M | 83.00M | 20.00M |
| TotalUnusualItems | 0.00 | -1.00M | -10.00M | 295.00M |
| TotalUnusualItemsExcludingGoodwill | 0.00 | -1.00M | -10.00M | 295.00M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -137.00M | 85.00M | -11.00M | -37.00M |
| ReconciledDepreciation | 91.00M | 72.00M | 50.00M | 45.00M |
| ReconciledCostOfRevenue | 3.71B | 3.59B | 3.29B | 3.04B |
| EBITDA | -32.00M | 162.00M | 83.00M | 10.00M |
| EBIT | -123.00M | 90.00M | 33.00M | -35.00M |
| NetInterestIncome | 15.00M | 28.00M | 35.00M | 0.00 |
| InterestExpense | 11.00M | 4.00M | 1.00M | 10.00M |
| InterestIncome | 26.00M | 32.00M | 36.00M | 10.00M |
| NormalizedIncome | -137.00M | 85.00M | -11.00M | -28.78M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -137.00M | 85.00M | -11.00M | -37.00M |
| TotalExpenses | 3.87B | 3.72B | 3.59B | 3.36B |
| RentExpenseSupplemental | 748.00M | 675.00M | 554.00M | 556.00M |
| TotalOperatingIncomeAsReported | -149.00M | 58.00M | -3.00M | -45.00M |
| DilutedAverageShares | 227.77M | 226.49M | 220.10M | 218.00M |
| BasicAverageShares | 227.77M | 224.33M | 220.10M | 218.00M |
| DilutedEPS | -0.60 | 0.37 | -0.05 | -0.17 |
| BasicEPS | -0.60 | 0.37 | -0.05 | -0.17 |
| DilutedNIAvailtoComStockholders | -137.00M | 84.00M | -11.00M | -37.00M |
| AverageDilutionEarnings | 0.00 | 0.00 | ||
| NetIncomeCommonStockholders | -137.00M | 84.00M | -11.00M | -37.00M |
| OtherunderPreferredStockDividend | 0.00 | 1.00M | 0.00 | 0.00 |
| NetIncome | -137.00M | 85.00M | -11.00M | -37.00M |
| NetIncomeIncludingNoncontrollingInterests | -137.00M | 85.00M | -11.00M | -37.00M |
| NetIncomeContinuousOperations | -137.00M | 85.00M | -11.00M | -37.00M |
| TaxProvision | 3.00M | 1.00M | 43.00M | -8.00M |
| PretaxIncome | -134.00M | 86.00M | 32.00M | -45.00M |
| OtherIncomeExpense | -1.00M | -10.00M | 295.00M | |
| SpecialIncomeCharges | 0.00 | -1.00M | -10.00M | 295.00M |
| OtherSpecialCharges | -295.00M | |||
| RestructuringAndMergernAcquisition | 0.00 | 1.00M | 10.00M | 0.00 |
| NetNonOperatingInterestIncomeExpense | 15.00M | 28.00M | 35.00M | 0.00 |
| InterestExpenseNonOperating | 11.00M | 4.00M | 1.00M | 10.00M |
| InterestIncomeNonOperating | 26.00M | 32.00M | 36.00M | 10.00M |
| OperatingIncome | -149.00M | 58.00M | -3.00M | -35.00M |
| OperatingExpense | 163.00M | 129.00M | 305.00M | 317.00M |
| OtherOperatingExpenses | 4.00M | -49.00M | 141.00M | 153.00M |
| SellingGeneralAndAdministration | 159.00M | 178.00M | 164.00M | 164.00M |
| SellingAndMarketingExpense | 159.00M | 178.00M | 164.00M | 164.00M |
| GrossProfit | 14.00M | 187.00M | 302.00M | 282.00M |
| CostOfRevenue | 3.71B | 3.59B | 3.29B | 3.04B |
| TotalRevenue | 3.72B | 3.77B | 3.59B | 3.33B |
| OperatingRevenue | 3.60B | 3.68B | 3.51B | 3.25B |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 229.01M | 225.44M | 223.00M | 217.88M |
| ShareIssued | 229.01M | 225.44M | 223.00M | 217.88M |
| TotalDebt | 5.46B | 4.47B | 3.46B | 2.93B |
| TangibleBookValue | 464.00M | 577.00M | 479.00M | 481.00M |
| InvestedCapital | 1.10B | 1.11B | 977.00M | 938.00M |
| WorkingCapital | -1.15B | -862.00M | -787.00M | -535.00M |
| NetTangibleAssets | 464.00M | 577.00M | 479.00M | 481.00M |
| CapitalLeaseObligations | 4.85B | 3.97B | 2.99B | 2.50B |
| CommonStockEquity | 491.00M | 604.00M | 507.00M | 509.00M |
| TotalCapitalization | 804.00M | 845.00M | 726.00M | 781.00M |
| TotalEquityGrossMinorityInterest | 491.00M | 604.00M | 507.00M | 509.00M |
| StockholdersEquity | 491.00M | 604.00M | 507.00M | 509.00M |
| GainsLossesNotAffectingRetainedEarnings | -5.00M | -6.00M | -7.00M | -6.00M |
| OtherEquityAdjustments | -5.00M | -6.00M | -7.00M | -6.00M |
| RetainedEarnings | 59.00M | 196.00M | 111.00M | 122.00M |
| AdditionalPaidInCapital | 437.00M | 414.00M | 403.00M | 393.00M |
| CapitalStock | 0.00 | 0.00 | 0.00 | 0.00 |
| CommonStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 6.73B | 5.55B | 4.49B | 3.99B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 4.63B | 3.70B | 2.83B | 2.44B |
| OtherNonCurrentLiabilities | 199.00M | 123.00M | 134.00M | 97.00M |
| NonCurrentDeferredLiabilities | 44.00M | 31.00M | 35.00M | 32.00M |
| NonCurrentDeferredRevenue | 44.00M | 31.00M | 35.00M | 32.00M |
| NonCurrentDeferredTaxesLiabilities | 0.00 | |||
| LongTermDebtAndCapitalLeaseObligation | 4.38B | 3.54B | 2.66B | 2.31B |
| LongTermCapitalLeaseObligation | 4.07B | 3.30B | 2.44B | 2.03B |
| LongTermDebt | 313.00M | 241.00M | 219.00M | 272.00M |
| CurrentLiabilities | 2.10B | 1.85B | 1.66B | 1.55B |
| OtherCurrentLiabilities | 234.00M | 239.00M | 229.00M | 301.00M |
| CurrentDeferredLiabilities | 368.00M | 312.00M | 263.00M | 326.00M |
| CurrentDeferredRevenue | 368.00M | 312.00M | 263.00M | 326.00M |
| CurrentDebtAndCapitalLeaseObligation | 1.08B | 925.00M | 800.00M | 622.00M |
| CurrentCapitalLeaseObligation | 779.00M | 664.00M | 549.00M | 465.00M |
| CurrentDebt | 301.00M | 261.00M | 251.00M | 157.00M |
| OtherCurrentBorrowings | 301.00M | 261.00M | 251.00M | 157.00M |
| PayablesAndAccruedExpenses | 421.00M | 376.00M | 366.00M | 306.00M |
| CurrentAccruedExpenses | 143.00M | 120.00M | 107.00M | 104.00M |
| Payables | 278.00M | 256.00M | 259.00M | 202.00M |
| TotalTaxPayable | 148.00M | 141.00M | 125.00M | 113.00M |
| AccountsPayable | 130.00M | 115.00M | 134.00M | 89.00M |
| TotalAssets | 7.22B | 6.15B | 4.99B | 4.50B |
| TotalNonCurrentAssets | 6.26B | 5.16B | 4.12B | 3.48B |
| OtherNonCurrentAssets | 491.00M | 426.00M | 330.00M | 265.00M |
| GoodwillAndOtherIntangibleAssets | 27.00M | 27.00M | 28.00M | 28.00M |
| OtherIntangibleAssets | 27.00M | 27.00M | 28.00M | 28.00M |
| NetPPE | 5.74B | 4.71B | 3.76B | 3.19B |
| AccumulatedDepreciation | -333.00M | -252.00M | -183.00M | -151.00M |
| GrossPPE | 6.08B | 4.96B | 3.95B | 3.34B |
| ConstructionInProgress | 428.00M | 404.00M | 491.00M | 476.00M |
| OtherProperties | 4.81B | 3.93B | 2.96B | 2.48B |
| LandAndImprovements | 191.00M | 167.00M | 148.00M | 122.00M |
| CurrentAssets | 958.00M | 990.00M | 871.00M | 1.02B |
| OtherCurrentAssets | 71.00M | 60.00M | 53.00M | 62.00M |
| HedgingAssetsCurrent | 0.00 | 24.00M | 0.00 | |
| PrepaidAssets | 26.00M | 18.00M | 21.00M | 20.00M |
| Inventory | 90.00M | 79.00M | 79.00M | 55.00M |
| Receivables | 100.00M | 93.00M | 109.00M | 98.00M |
| TaxesReceivable | 4.00M | 4.00M | 3.00M | 8.00M |
| LoansReceivable | 11.00M | 16.00M | 13.00M | 0.00 |
| AccountsReceivable | 85.00M | 73.00M | 93.00M | 90.00M |
| AllowanceForDoubtfulAccountsReceivable | -7.00M | -5.00M | -3.00M | -4.00M |
| GrossAccountsReceivable | 92.00M | 78.00M | 96.00M | 94.00M |
| CashCashEquivalentsAndShortTermInvestments | 671.00M | 740.00M | 609.00M | 761.00M |
| CashAndCashEquivalents | 671.00M | 740.00M | 609.00M | 761.00M |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -624.00M | -158.00M | -348.00M | -230.00M |
| RepaymentOfDebt | -380.00M | -447.00M | -131.00M | -266.00M |
| IssuanceOfDebt | 933.00M | 740.00M | 334.00M | 344.00M |
| IssuanceOfCapitalStock | 0.00 | 0.00 | 266.00M | |
| CapitalExpenditure | -99.00M | -76.00M | -87.00M | -152.00M |
| EndCashPosition | 671.00M | 740.00M | 609.00M | 761.00M |
| BeginningCashPosition | 740.00M | 609.00M | 761.00M | 918.00M |
| ChangesInCash | -69.00M | 131.00M | -152.00M | -157.00M |
| FinancingCashFlow | 555.00M | 288.00M | 199.00M | 75.00M |
| CashFlowFromContinuingFinancingActivities | 555.00M | 288.00M | 199.00M | 75.00M |
| NetOtherFinancingCharges | -4.00M | -6.00M | -5.00M | -4.00M |
| ProceedsFromStockOptionExercised | 6.00M | 1.00M | 1.00M | 1.00M |
| CashDividendsPaid | 0.00 | |||
| NetCommonStockIssuance | 0.00 | 0.00 | 266.00M | |
| CommonStockIssuance | 0.00 | 0.00 | 266.00M | |
| NetIssuancePaymentsOfDebt | 553.00M | 293.00M | 203.00M | 78.00M |
| NetLongTermDebtIssuance | 553.00M | 293.00M | 203.00M | 78.00M |
| LongTermDebtPayments | -380.00M | -447.00M | -131.00M | -266.00M |
| LongTermDebtIssuance | 933.00M | 740.00M | 334.00M | 344.00M |
| InvestingCashFlow | -99.00M | -75.00M | -90.00M | -154.00M |
| CashFlowFromContinuingInvestingActivities | -99.00M | -75.00M | -90.00M | -154.00M |
| NetOtherInvestingChanges | -2.00M | -3.00M | -2.00M | -4.00M |
| NetPPEPurchaseAndSale | -24.00M | 3.00M | -36.00M | -111.00M |
| SaleOfPPE | 3.00M | |||
| PurchaseOfPPE | -24.00M | -36.00M | -111.00M | -36.00M |
| CapitalExpenditureReported | -75.00M | -76.00M | -51.00M | -41.00M |
| OperatingCashFlow | -525.00M | -82.00M | -261.00M | -78.00M |
| CashFlowFromContinuingOperatingActivities | -525.00M | -82.00M | -261.00M | -78.00M |
| ChangeInWorkingCapital | -202.00M | 37.00M | -211.00M | -14.00M |
| ChangeInOtherCurrentLiabilities | 57.00M | 118.00M | -105.00M | 170.00M |
| ChangeInOtherCurrentAssets | -257.00M | -190.00M | -163.00M | -94.00M |
| ChangeInPayablesAndAccruedExpense | -1.00M | -15.00M | 47.00M | -4.00M |
| ChangeInPayable | -1.00M | -15.00M | 47.00M | -4.00M |
| ChangeInAccountPayable | -1.00M | -15.00M | 47.00M | -4.00M |
| ChangeInPrepaidAssets | 0.00 | 82.00M | -16.00M | -18.00M |
| ChangeInInventory | 11.00M | 20.00M | -7.00M | -40.00M |
| ChangeInReceivables | -12.00M | 22.00M | 33.00M | -28.00M |
| ChangesInAccountReceivables | -12.00M | 22.00M | 33.00M | -28.00M |
| OtherNonCashItems | 1.00M | 1.00M | 1.00M | 1.00M |
| StockBasedCompensation | 21.00M | 16.00M | 14.00M | 15.00M |
| AmortizationOfSecurities | 1.00M | 1.00M | 1.00M | 1.00M |
| DeferredTax | 3.00M | 0.00 | 43.00M | -8.00M |
| DeferredIncomeTax | 3.00M | 0.00 | 43.00M | -8.00M |
| DepreciationAmortizationDepletion | 91.00M | 72.00M | 50.00M | 45.00M |
| DepreciationAndAmortization | 91.00M | 72.00M | 50.00M | 45.00M |
| AmortizationCashFlow | 0.00 | 1.00M | 0.00 | 1.00M |
| AmortizationOfIntangibles | 0.00 | 1.00M | 0.00 | 1.00M |
| Depreciation | 91.00M | 71.00M | 50.00M | 44.00M |
| OperatingGainsLosses | -302.00M | -293.00M | -147.00M | -80.00M |
| GainLossOnInvestmentSecurities | 22.00M | |||
| GainLossOnSaleOfPPE | -302.00M | -294.00M | -147.00M | -87.00M |
| NetIncomeFromContinuingOperations | -137.00M | 85.00M | -11.00M | -37.00M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Trades
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|
Posts
| Published | Title | Author | Category |
|---|