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Frontier Group Holdings, Inc. ULCC Return on invested capital

Return on invested capital at other companies

Delta Air Lines logo
Delta Air LinesDAL
13.5%-0.3pp
Southwest Airlines logo
Southwest AirlinesLUV
8%+4.3pp
United Airlines Holdings logo
United Airlines HoldingsUAL
10.7%-1.8pp
ALG
Allegiant TravelALGT
3.6%+2.1pp
JetBlue Airways logo
JetBlue AirwaysJBLU
-4.3%-17.5pp
Alaska Air Group logo
Alaska Air GroupALK
2.3%-2.6pp

Other financials

Income statement

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Revenue$992.0M+8.8%
Operating income-$283.0M-515%
Net income-$272.0M-533%
EPS (diluted)-$1.18-521%

Balance sheet

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Cash & equivalents$772.0M+12.5%
Total debt$5.2B+9.5%
Total equity$222.0M-61.1%
Total assets$7.0B+8.3%

Cash flow

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Operating cash flow$40.0M+147%
CapEx$12.0M-33.3%
Free cash flow$28.0M+127%

Valuation

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Market cap$1.67B-17.8%
Enterprise value$6.14B+3.8%
P/S0.4×-0.1×

Profitability

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Operating margin-4.1%-4.4pp
Net margin-3.6%-3.8pp
FCF margin-12.3%

Returns & leverage

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Return on equity-27.7%-28.9pp
Debt / equity23.6×+15.2×
Current ratio0.5×0.0×

Where this comes from

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

Based on trailing twelve months.

The official record: Frontier Group Holdings, Inc.’s 10-Q, filed November 5, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Frontier Group Holdings, Inc.'s return on invested capital?
Frontier Group Holdings, Inc. (ULCC) reported return on invested capital of -3.4% in Q3 2025.
How has Frontier Group Holdings, Inc.'s return on invested capital changed year-over-year?
Frontier Group Holdings, Inc.'s return on invested capital decreased by 2601.9% year-over-year, from 0.1% to -3.4%.
What is the long-term trend for Frontier Group Holdings, Inc.'s return on invested capital?
Over 2 years (2021 to 2024), Frontier Group Holdings, Inc.'s return on invested capital has grown at a -43.2% compound annual growth rate (CAGR), from -4.7% to 1.5%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.