Loading…
Operates Frontier Airlines, an ultra-low-cost US carrier offering no-frills domestic and some international flights.
Operates Frontier Airlines, an ultra-low-cost US carrier offering no-frills domestic and some international flights.
Sells very low base fares and earns a large part of revenue from optional charges for bags, seats and other extras, so what a passenger pays beyond the ticket matters as much as the fare. Its fleet is entirely Airbus narrow-body jets with dense seating to spread costs. Denver is its main base.
Moat: narrow (cost advantage). Low unit-cost structure from dense seating and high aircraft utilization versus legacy carriers.
Headquarters: Denver, Colorado, US · Founded: 1994 · Employees: 7,750
Size Frontier (ULCC) is a United States Industrials company (Airlines) with a market value of $1.71B, the 1894th largest of 3,117 United States companies the cockpit tracks. Shares closed at $7.43 on 6 Nov 2026.
Performance Over six months the shares gained 40.5%, against +5.5% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 24.0% over the last twelve months (peer median +10.3%); the operating margin is -15.4% (peer median 6.8%).
Valuation It trades at 46.26× book value against a peer median of 1.69× (most expensive of 18).
Price implies The share price implies a return on equity of about 716.2%; Frontier delivers -175.4%, so the price asks more than the business earns today.
Short interest Short interest is 10.8% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.62B | $3.72B | $3.77B | $3.59B | $3.33B |
| Revenue growth | — | -1% | +5% | +8% | — |
| Gross profit | -$201M | $14.0M | $187M | $302M | $282M |
| EBITDA | -$507M | -$360M | -$164M | -$99.0M | -$68.0M |
| Net income | -$413M | -$137M | $84.0M | -$11.0M | -$37.0M |
| Free cash flow | $83.0M | -$624M | -$158M | -$348M | -$230M |
| Capital expenditure | -$24.0M | $99.0M | $76.0M | $87.0M | $152M |
| Total debt | $5.05B | $5.46B | $4.47B | $3.46B | $2.93B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Frontier ULCC | $1.71B | +40% | +24% | -175% | 46.26× | 716.2% |
| Allegiant Travel ALGT | $2.51B | +11% | +12% | 2% | 1.41× | 17.2% |
| Southwest Airlines LUV | $21.8B | +8% | +14% | 14% | 2.97× | 26.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ULCC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +25.3% | +4.8% | 2nd highest of 21 |
| 6-month return | +40.5% | +5.5% | 2nd highest of 21 |
| Return on equity | -175.4% | 3.5% | 2nd lowest of 18 |
| Price / book | 46.26× | 1.69× | most expensive of 18 |
| ROE the price implies | 716.2% | 14.8% | most demanding of 18 |
| ROE delivered | -175.4% | 3.6% | 2nd lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Frontier ULCC | United States | $1.71B | +40% | +24% | -175% | 46.26× | 716.2% | -175.4% |
| Starlux Airlines 2646.TW | Taiwan | $1.76B | -6% | +23% | -3% | 1.89× | 6.3% | -3.1% |
| Milkyway Intelligent Supply Chain Service 603713.SS | China | $1.90B | +29% | +15% | 13% | 2.09× | 22.5% | 13.0% |
| Virgin Australia VGN.AX | Australia | $1.48B | +18% | +9% | n/a | n/a | n/a | n/a |
| Wizz Air WIZZ.L | United Kingdom | $1.48B | +8% | +11% | 0% | 1.35× | 23.8% | -0.5% |
| Norwegian Air Shuttle NAS.OL | Norway | $1.47B | -11% | +3% | 11% | 1.48× | 7.2% | 10.7% |
| CITIC Offshore Helicopter 000099.SZ | China | $1.41B | -31% | -9% | 4% | 1.69× | 11.9% | 3.6% |
| JetBlue Airways JBLU | United States | $1.38B | -28% | +10% | -55% | 1.03× | 14.8% | -55.4% |
| China Express Airlines 002928.SZ | China | $1.34B | -12% | +4% | 3% | 2.25× | 19.1% | 3.3% |
| Grupo Aeromexico, S.A.B. de C.V. Unsponsored ADR AERO | United States | $2.32B | +1% | +10% | n/a | n/a | n/a | n/a |
| Asiana Airlines 020560.KS | South Korea | $1.21B | +13% | -17% | -182% | 12.36× | 33.5% | -182.1% |
| Allegiant Travel ALGT | United States | $2.51B | +11% | +12% | 2% | 1.41× | 17.2% | 1.8% |
| Finnair FIA1S.HE | Finland | $1.14B | +38% | +11% | 16% | 0.96× | 12.0% | 16.1% |
| SkyWest SKYW | United States | $3.02B | -10% | +7% | 15% | 1.08× | 13.7% | 15.1% |
| Republic Airways RJET | United States | $942M | -12% | +438% | 14% | 0.65× | 11.8% | 14.3% |
| Azul S.A. Sponsored ADR AZUL | United States | $915M | +86% | +12% | n/a | n/a | n/a | n/a |
| Juneyao Airlines 603885.SS | China | $3.42B | -8% | +8% | 3% | 2.84× | 23.8% | 3.2% |
| Controladora Vuela Compania de Aviacion SAB de CV Sponsored ADR VLRS | United States | $850M | +3% | +19% | -144% | 21.71× | 254.3% | -144.2% |
| Tigerair Taiwan 6757.TW | Taiwan | $753M | +8% | +13% | 37% | 3.16× | 10.0% | 37.2% |
| China Airlines 2610.TW | Taiwan | $3.94B | +17% | +8% | 14% | 1.30× | 6.0% | 13.7% |
| Air Canada AC.TO | Canada | $3.95B | +10% | +13% | 14% | 2.64× | 26.9% | 14.3% |