# Frontier Group Holdings, Inc. (ULCC) · Edgar & Edgarette company card

> Frontier Group Holdings (ULCC) saw revenue fall 1.4% in FY2025 to $3.7 billion, operating margin -4.0% against a 2.7% median for air transportation, scheduled, equity 6.8% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1670076 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/ULCC) · [JSON](https://www.pops4.com/boards/company/ULCC.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $3.7B |
| Revenue growth, 1 year | -1.4% |
| Revenue growth per year | 16.0% |
| Operating margin | -4.0% (prior year 1.5%) |
| Net margin | -3.7% |
| Operating cash flow | −$525M |
| Capital spending | $75M |
| Free cash flow | −$600M |
| Cash | $671M |
| Long-term debt | $620M |
| Total assets | $7.2B |
| Total equity | $491M |
| Equity ÷ assets | 6.8% |
| Return on equity | -27.9% |
| Dividend per share | $0 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Altman Z: -1.08 (distress zone)
- Piotroski F: 0 of 9 (weak)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed restructuring or exit costs in the last 12 months; slow and jumpy: growing slower than its size class, with revenue that swings more; operating cash flow was negative; operating loss: a margin of -4.0% in FY2025
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $3.7B (FY2025), total debt $620.0M. Experience: revenue down 1.4% on the year, up 16.0% a year over 4 years; operating margin -4.0%, down from 1.5%. Soundness: equity 6.8% of assets, return on equity -27.9%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.9B and $4.8B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $2.4B to $5.7B. A statistical range, not company guidance. Against peers (11 filers, $50M+ revenue, air transportation, scheduled): operating margin -4.0% against a 2.7% median; growth -1.4% against 3.5%.

Range logged 2026-11-01, receipt bf308d6ad096df4e, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 2.05 Restructuring or exit costs: 2, latest 2026-08-31 ([filing](https://www.sec.gov/Archives/edgar/data/1670076/000167007626000093/0001670076-26-000093-index.htm))
- Item 5.02 Director or officer change: 6, latest 2026-11-02 ([filing](https://www.sec.gov/Archives/edgar/data/1670076/000119312526443690/0001193125-26-443690-index.htm))

## Recent filings

- 8-K · filed 2026-11-02 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1670076/000119312526443690/0001193125-26-443690-index.htm)
- 10-Q · filed 2026-10-28 · [filing](https://www.sec.gov/Archives/edgar/data/1670076/000167007626000103/0001670076-26-000103-index.htm)
- 8-K · filed 2026-10-28 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1670076/000167007626000102/0001670076-26-000102-index.htm)
- 8-K · filed 2026-08-31 · 2.05 Costs Associated with Exit or Disposal Activities; 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1670076/000167007626000093/0001670076-26-000093-index.htm)
- 10-Q · filed 2026-07-29 · [filing](https://www.sec.gov/Archives/edgar/data/1670076/000167007626000087/0001670076-26-000087-index.htm)
- 8-K · filed 2026-07-29 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1670076/000167007626000086/0001670076-26-000086-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001670076.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1670076

## Cite

POPS4, Edgar & Edgarette: Frontier Group Holdings, Inc. (ULCC) company card, from the company's own SEC filings, accessed 2026-11-03, https://www.pops4.com/boards/company/ULCC. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.