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Free cash flow margin at other companies

Southwest Airlines logo
Southwest AirlinesLUV
-1.5%+0.5pp
United Airlines Holdings logo
United Airlines HoldingsUAL
7%+6.0pp
ALG
Allegiant TravelALGT
-5%+3.3pp
JetBlue Airways logo
JetBlue AirwaysJBLU
-11.4%-1.0pp
Alaska Air Group logo
Alaska Air GroupALK
4.2%-4.3pp
Surf Air Mobility logo
Surf Air MobilitySRFM
-62.6%+0.6pp

Other financials

Income statement

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Revenue$1.3B+37.7%
Operating income-$97.0M-29.3%
Net income-$90.0M-28.6%
EPS (diluted)-$0.39-25.8%

Balance sheet

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Cash & equivalents$955.0M+69.6%
Total debt$5.2B+7.6%
Total equity$136.0M-73.1%
Total assets$7.2B+11.0%

Cash flow

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Operating cash flow$151.0M+214%
CapEx$13.0M-60.6%
Free cash flow$138.0M+183%

Valuation

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Market cap$1.75B+128%
Enterprise value$6.03B+18.9%
P/S0.4×+0.2×

Profitability

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Operating margin-4.1%-4.4pp
Net margin-3.6%-3.8pp

Returns & leverage

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Return on equity-27.7%-28.9pp
Debt / equity38.5×+28.9×
Current ratio0.6×+0.2×

Where this comes from

Calculated from Frontier Group Holdings, Inc.’s reported figures.

Based on trailing twelve months.

The source filing: Frontier Group Holdings, Inc.’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 8:02 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001670076-26-000087

FAQ

What is Frontier Group Holdings, Inc.'s free cash flow margin?
Frontier Group Holdings, Inc. (ULCC) reported free cash flow margin of -3.9% in Q2 2026.
What is the long-term trend for Frontier Group Holdings, Inc.'s free cash flow margin?
Over 2 years (2020 to 2025), Frontier Group Holdings, Inc.'s free cash flow margin has grown at a -40.7% compound annual growth rate (CAGR), from -45.8% to -16.1%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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