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Side-by-side financial comparison of Acadia Healthcare Company, Inc. (ACHC) and Frontier Group Holdings, Inc. (ULCC). Click either name above to swap in a different company.

Frontier Group Holdings, Inc. is the larger business by last-quarter revenue ($997.0M vs $829.0M, roughly 1.2× Acadia Healthcare Company, Inc.). Frontier Group Holdings, Inc. runs the higher net margin — 5.3% vs 0.5%, a 4.8% gap on every dollar of revenue. On growth, Acadia Healthcare Company, Inc. posted the faster year-over-year revenue change (7.5% vs -0.5%). Over the past eight quarters, Frontier Group Holdings, Inc.'s revenue compounded faster (7.4% CAGR vs 2.0%).

Acadia Healthcare Company, Inc. is an American provider of for-profit behavioral healthcare services. It operates a network of over 225 facilities across the United States and Puerto Rico.

Frontier Communications Parent, Inc. is an American telecommunications company with a fiber-optic network and cloud-based services owned by Verizon. It was previously known as Citizens Utilities Co., Citizens Communications Co., and Frontier Communications Corp.

ACHC vs ULCC — Head-to-Head

Bigger by revenue
ULCC
ULCC
1.2× larger
ULCC
$997.0M
$829.0M
ACHC
Growing faster (revenue YoY)
ACHC
ACHC
+8.0% gap
ACHC
7.5%
-0.5%
ULCC
Higher net margin
ULCC
ULCC
4.8% more per $
ULCC
5.3%
0.5%
ACHC
Faster 2-yr revenue CAGR
ULCC
ULCC
Annualised
ULCC
7.4%
2.0%
ACHC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ACHC
ACHC
ULCC
ULCC
Revenue
$829.0M
$997.0M
Net Profit
$4.5M
$53.0M
Gross Margin
Operating Margin
4.9%
Net Margin
0.5%
5.3%
Revenue YoY
7.5%
-0.5%
Net Profit YoY
-50.8%
-1.9%
EPS (diluted)
$0.05
$0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACHC
ACHC
ULCC
ULCC
Q1 26
$829.0M
Q4 25
$821.5M
$997.0M
Q3 25
$851.6M
$886.0M
Q2 25
$869.2M
$929.0M
Q1 25
$770.5M
$912.0M
Q4 24
$774.2M
$1.0B
Q3 24
$815.6M
$935.0M
Q2 24
$796.0M
$973.0M
Net Profit
ACHC
ACHC
ULCC
ULCC
Q1 26
$4.5M
Q4 25
$-1.2B
$53.0M
Q3 25
$36.2M
$-77.0M
Q2 25
$30.1M
$-70.0M
Q1 25
$8.4M
$-43.0M
Q4 24
$32.6M
$54.0M
Q3 24
$68.1M
$26.0M
Q2 24
$78.5M
$31.0M
Operating Margin
ACHC
ACHC
ULCC
ULCC
Q1 26
Q4 25
-142.4%
4.9%
Q3 25
4.7%
-8.7%
Q2 25
5.8%
-8.1%
Q1 25
1.7%
-5.0%
Q4 24
4.9%
4.5%
Q3 24
12.1%
2.0%
Q2 24
13.4%
2.6%
Net Margin
ACHC
ACHC
ULCC
ULCC
Q1 26
0.5%
Q4 25
-143.3%
5.3%
Q3 25
4.3%
-8.7%
Q2 25
3.5%
-7.5%
Q1 25
1.1%
-4.7%
Q4 24
4.2%
5.4%
Q3 24
8.4%
2.8%
Q2 24
9.9%
3.2%
EPS (diluted)
ACHC
ACHC
ULCC
ULCC
Q1 26
$0.05
Q4 25
$-12.98
$0.24
Q3 25
$0.40
$-0.34
Q2 25
$0.33
$-0.31
Q1 25
$0.09
$-0.19
Q4 24
$0.36
$0.24
Q3 24
$0.74
$0.11
Q2 24
$0.85
$0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACHC
ACHC
ULCC
ULCC
Cash + ST InvestmentsLiquidity on hand
$158.5M
$671.0M
Total DebtLower is stronger
$2.5B
$620.0M
Stockholders' EquityBook value
$2.0B
$491.0M
Total Assets
$5.5B
$7.2B
Debt / EquityLower = less leverage
1.29×
1.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACHC
ACHC
ULCC
ULCC
Q1 26
$158.5M
Q4 25
$133.2M
$671.0M
Q3 25
$118.7M
$566.0M
Q2 25
$131.4M
$563.0M
Q1 25
$91.2M
$686.0M
Q4 24
$76.3M
$740.0M
Q3 24
$82.1M
$576.0M
Q2 24
$77.2M
$658.0M
Total Debt
ACHC
ACHC
ULCC
ULCC
Q1 26
$2.5B
Q4 25
$2.5B
$620.0M
Q3 25
$2.3B
$673.0M
Q2 25
$2.3B
$565.0M
Q1 25
$2.2B
$512.0M
Q4 24
$2.0B
$507.0M
Q3 24
$1.9B
$474.0M
Q2 24
$1.8B
$455.0M
Stockholders' Equity
ACHC
ACHC
ULCC
ULCC
Q1 26
$2.0B
Q4 25
$1.9B
$491.0M
Q3 25
$3.1B
$434.0M
Q2 25
$3.1B
$506.0M
Q1 25
$3.0B
$570.0M
Q4 24
$3.1B
$604.0M
Q3 24
$3.0B
$549.0M
Q2 24
$3.0B
$520.0M
Total Assets
ACHC
ACHC
ULCC
ULCC
Q1 26
$5.5B
Q4 25
$5.5B
$7.2B
Q3 25
$6.4B
$6.7B
Q2 25
$6.3B
$6.5B
Q1 25
$6.1B
$6.5B
Q4 24
$6.0B
$6.2B
Q3 24
$5.9B
$5.8B
Q2 24
$5.7B
$5.7B
Debt / Equity
ACHC
ACHC
ULCC
ULCC
Q1 26
1.29×
Q4 25
1.28×
1.26×
Q3 25
0.74×
1.55×
Q2 25
0.74×
1.12×
Q1 25
0.72×
0.90×
Q4 24
0.64×
0.84×
Q3 24
0.62×
0.86×
Q2 24
0.62×
0.88×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACHC
ACHC
ULCC
ULCC
Operating Cash FlowLast quarter
$61.5M
$-91.0M
Free Cash FlowOCF − Capex
$-113.0M
FCF MarginFCF / Revenue
-11.3%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
13.78×
-1.72×
TTM Free Cash FlowTrailing 4 quarters
$-600.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACHC
ACHC
ULCC
ULCC
Q1 26
$61.5M
Q4 25
$-86.3M
$-91.0M
Q3 25
$73.2M
$-215.0M
Q2 25
$133.5M
$-133.0M
Q1 25
$11.5M
$-86.0M
Q4 24
$116.7M
$87.0M
Q3 24
$163.1M
$-156.0M
Q2 24
$171.1M
$9.0M
Free Cash Flow
ACHC
ACHC
ULCC
ULCC
Q1 26
Q4 25
$-179.5M
$-113.0M
Q3 25
$-63.0M
$-217.0M
Q2 25
$-34.2M
$-166.0M
Q1 25
$-163.2M
$-104.0M
Q4 24
$-86.8M
$73.0M
Q3 24
$-27.1M
$-170.0M
Q2 24
$16.9M
$-22.0M
FCF Margin
ACHC
ACHC
ULCC
ULCC
Q1 26
Q4 25
-21.8%
-11.3%
Q3 25
-7.4%
-24.5%
Q2 25
-3.9%
-17.9%
Q1 25
-21.2%
-11.4%
Q4 24
-11.2%
7.3%
Q3 24
-3.3%
-18.2%
Q2 24
2.1%
-2.3%
Capex Intensity
ACHC
ACHC
ULCC
ULCC
Q1 26
Q4 25
11.3%
2.2%
Q3 25
16.0%
0.2%
Q2 25
19.3%
3.6%
Q1 25
22.7%
2.0%
Q4 24
26.3%
1.4%
Q3 24
23.3%
1.5%
Q2 24
19.4%
3.2%
Cash Conversion
ACHC
ACHC
ULCC
ULCC
Q1 26
13.78×
Q4 25
-1.72×
Q3 25
2.02×
Q2 25
4.43×
Q1 25
1.37×
Q4 24
3.58×
1.61×
Q3 24
2.39×
-6.00×
Q2 24
2.18×
0.29×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACHC
ACHC

Acute Inpatient Psychiatric Facilities$471.0M57%
Other$140.0M17%
Specialty Treatment Facilities$128.0M15%
Residential Treatment Facilities$90.0M11%

ULCC
ULCC

Aircraft Fare$453.0M45%
Passenger Service Fees$227.0M23%
Passenger Baggage$177.0M18%
Passenger Seat Selection$69.0M7%
Other Passenger Revenue$36.0M4%
Other$35.0M4%

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