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Frontier Group Holdings, Inc. (ULCC) Stock Fundamental Analysis & AI Rating 2026

ULCC Nasdaq Air Transportation, Scheduled DE CIK: 0001670076
Recently Updated • Analysis: Apr 18, 2026 • SEC Data: 2025-12-31
STRONG SELL
95% Conf
Pending
Analysis scheduled

📊 ULCC Key Takeaways

Revenue: $3.7B
Net Margin: -3.7%
Free Cash Flow: $-600.0M
Current Ratio: 0.46x
Debt/Equity: 1.26x
EPS: $-0.60
AI Rating: STRONG SELL with 95% confidence
Frontier Group Holdings, Inc. (ULCC) receives a STRONG SELL rating with 95% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $3.7B, net profit margin of -3.7%, and return on equity (ROE) of -27.9%, Frontier Group Holdings, Inc. demonstrates mixed fundamentals in the Transportation sector. Below is our complete ULCC stock analysis for 2026.

Is Frontier Group Holdings, Inc. (ULCC) a Good Investment?

Claude

Frontier is in severe financial distress with negative profitability (-$137M net income), catastrophic free cash flow of -$600M annually, and a liquidity crisis (0.46x current ratio). The company is burning cash at an unsustainable rate with less than 1.2 years of runway at current burn rates, while saddled with $6.7B in liabilities against only $491M in equity.

Why Buy Frontier Group Holdings, Inc. Stock? ULCC Key Strengths

Claude
  • + Maintains $671M cash buffer providing short-term liquidity cushion
  • + Generates $3.7B in annual revenue demonstrating market presence in ULCC segment
  • + As low-cost carrier has structural advantages in pricing power during capacity-constrained markets

ULCC Stock Risks: Frontier Group Holdings, Inc. Investment Risks

Claude
  • ! Negative free cash flow of -$600M annually is unsustainable and indicates imminent capital raise or restructuring need
  • ! Current ratio of 0.46x represents acute liquidity crisis with liabilities exceeding current assets; insufficient to cover obligations
  • ! Operating margin of -4% and consecutive periods of operating losses indicate systemic profitability collapse with no visible near-term turnaround
  • ! High leverage (1.26x debt/equity) severely constrains financial flexibility for debt refinancing or operational restructuring
  • ! Operating cash flow negative at -$525M demonstrates core business cannot generate positive cash from operations

Key Metrics to Watch

Claude
  • * Quarterly operating cash flow trend and cumulative cash burn rate relative to $671M cash reserves
  • * Operating margin trajectory and timeline to return to positive operating income
  • * Debt covenant compliance status and refinancing ability in near-term debt maturities
  • * Revenue stability and unit economics (RASM, cost per available seat mile) indicating pricing power sustainability

Frontier Group Holdings, Inc. (ULCC) Financial Metrics & Key Ratios

Revenue
$3.7B
Net Income
$-137.0M
EPS (Diluted)
$-0.60
Free Cash Flow
$-600.0M
Total Assets
$7.2B
Cash Position
$671.0M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

ULCC Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -4.0%
Net Margin -3.7%
ROE -27.9%
ROA -1.9%
FCF Margin -16.1%

ULCC vs Transportation Sector: How Frontier Group Holdings, Inc. Compares

How Frontier Group Holdings, Inc. compares to Transportation sector averages

Net Margin
ULCC -3.7%
vs
Sector Avg 10.0%
ULCC Sector
ROE
ULCC -27.9%
vs
Sector Avg 18.0%
ULCC Sector
Current Ratio
ULCC 0.5x
vs
Sector Avg 1.0x
ULCC Sector
Debt/Equity
ULCC 1.3x
vs
Sector Avg 1.0x
ULCC Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Frontier Group Holdings, Inc. Stock Overvalued? ULCC Valuation Analysis 2026

Based on fundamental analysis, Frontier Group Holdings, Inc. shows some fundamental concerns relative to the Transportation sector in 2026.

Return on Equity
-27.9%
Sector avg: 18%
Net Profit Margin
-3.7%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.26x
Sector avg: 1x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Frontier Group Holdings, Inc. Balance Sheet: ULCC Debt, Cash & Liquidity

Current Ratio
0.46x
Quick Ratio
0.46x
Debt/Equity
1.26x
Debt/Assets
93.2%
Interest Coverage
N/A
Long-term Debt
$620.0M

ULCC Revenue & Earnings Growth: 5-Year Financial Trend

ULCC 5-year financial data: Year 2021: Revenue $2.5B, Net Income $251.0M, EPS $1.19. Year 2022: Revenue $3.3B, Net Income -$225.0M, EPS $-1.13. Year 2023: Revenue $3.6B, Net Income -$102.0M, EPS $-0.48. Year 2024: Revenue $3.8B, Net Income -$37.0M, EPS $-0.17. Year 2025: Revenue $3.8B, Net Income -$11.0M, EPS $-0.05.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Frontier Group Holdings, Inc.'s revenue has grown significantly by 51% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.05 indicates the company is currently unprofitable.

ULCC Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-16.1%
Free cash flow / Revenue

ULCC Quarterly Earnings & Performance

Quarterly financial performance data for Frontier Group Holdings, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $886.0M -$26.0M $0.11
Q2 2025 $929.0M $5.0M $0.02
Q1 2025 $865.0M -$26.0M $-0.12
Q3 2024 $883.0M -$13.0M $0.11
Q2 2024 $967.0M $5.0M $0.02
Q1 2024 $848.0M -$13.0M $-0.06
Q3 2023 $883.0M $13.0M $0.12
Q2 2023 $909.0M $13.0M $0.06

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Frontier Group Holdings, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$525.0M
Cash generated from operations
Capital Expenditures
$75.0M
Investment in assets
Dividends
None
No dividend program

ULCC SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Frontier Group Holdings, Inc. (CIK: 0001670076)

📋 Recent SEC Filings

Date Form Document Action
Apr 2, 2026 DEF 14A fron-20260402.htm View →
Mar 27, 2026 4 xslF345X06/primarydocument.xml View →
Mar 17, 2026 8-K d101355d8k.htm View →
Mar 17, 2026 8-K d82240d8k.htm View →
Feb 18, 2026 10-K fron-20251231.htm View →

Frequently Asked Questions about ULCC

What is the AI rating for ULCC?

Frontier Group Holdings, Inc. (ULCC) has an AI rating of STRONG SELL with 95% confidence, based on fundamental analysis of SEC EDGAR filings.

What are ULCC's key strengths?

Claude: Maintains $671M cash buffer providing short-term liquidity cushion. Generates $3.7B in annual revenue demonstrating market presence in ULCC segment.

What are the risks of investing in ULCC?

Claude: Negative free cash flow of -$600M annually is unsustainable and indicates imminent capital raise or restructuring need. Current ratio of 0.46x represents acute liquidity crisis with liabilities exceeding current assets; insufficient to cover obligations.

What is ULCC's revenue and growth?

Frontier Group Holdings, Inc. reported revenue of $3.7B.

Does ULCC pay dividends?

Frontier Group Holdings, Inc. does not currently pay dividends.

Where can I find ULCC SEC filings?

Official SEC filings for Frontier Group Holdings, Inc. (CIK: 0001670076) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ULCC's EPS?

Frontier Group Holdings, Inc. has a diluted EPS of $-0.60.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is ULCC a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Frontier Group Holdings, Inc. has a STRONG SELL rating with 95% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is ULCC stock overvalued or undervalued?

Valuation metrics for ULCC: ROE of -27.9% (sector avg: 18%), net margin of -3.7% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

Should I buy ULCC stock in 2026?

Our dual AI analysis gives Frontier Group Holdings, Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is ULCC's free cash flow?

Frontier Group Holdings, Inc.'s operating cash flow is $-525.0M, with capital expenditures of $75.0M. FCF margin is -16.1%.

How does ULCC compare to other Transportation stocks?

Vs Transportation sector averages: Net margin -3.7% (avg: 10%), ROE -27.9% (avg: 18%), current ratio 0.46 (avg: 1).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 18, 2026 | Data as of: 2025-12-31 | Powered by Claude AI