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Side-by-side financial comparison of Allegiant Travel CO (ALGT) 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 $595.5M, roughly 1.7× Allegiant Travel CO). Allegiant Travel CO runs the higher net margin — 5.4% vs 5.3%, a 0.0% gap on every dollar of revenue. On growth, Allegiant Travel CO posted the faster year-over-year revenue change (7.6% vs -0.5%). Allegiant Travel CO produced more free cash flow last quarter ($90.4M vs $-113.0M). Over the past eight quarters, Frontier Group Holdings, Inc.'s revenue compounded faster (7.4% CAGR vs 1.3%).
Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.
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.
ALGT vs ULCC — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $595.5M | $997.0M |
| Net Profit | $31.9M | $53.0M |
| Gross Margin | — | — |
| Operating Margin | 11.2% | 4.9% |
| Net Margin | 5.4% | 5.3% |
| Revenue YoY | 7.6% | -0.5% |
| Net Profit YoY | 114.8% | -1.9% |
| EPS (diluted) | $1.82 | $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.
| Q4 25 | $595.5M | $997.0M | ||
| Q3 25 | $494.1M | $886.0M | ||
| Q2 25 | $617.9M | $929.0M | ||
| Q1 25 | $616.8M | $912.0M | ||
| Q4 24 | $553.6M | $1.0B | ||
| Q3 24 | $489.0M | $935.0M | ||
| Q2 24 | $594.5M | $973.0M | ||
| Q1 24 | $579.9M | $865.0M |
| Q4 25 | $31.9M | $53.0M | ||
| Q3 25 | $-43.6M | $-77.0M | ||
| Q2 25 | $-65.2M | $-70.0M | ||
| Q1 25 | $32.1M | $-43.0M | ||
| Q4 24 | $-216.2M | $54.0M | ||
| Q3 24 | $-36.8M | $26.0M | ||
| Q2 24 | $13.7M | $31.0M | ||
| Q1 24 | $-919.0K | $-26.0M |
| Q4 25 | 11.2% | 4.9% | ||
| Q3 25 | -5.5% | -8.7% | ||
| Q2 25 | -10.9% | -8.1% | ||
| Q1 25 | 10.5% | -5.0% | ||
| Q4 24 | -47.7% | 4.5% | ||
| Q3 24 | -5.4% | 2.0% | ||
| Q2 24 | 5.9% | 2.6% | ||
| Q1 24 | 2.7% | -3.6% |
| Q4 25 | 5.4% | 5.3% | ||
| Q3 25 | -8.8% | -8.7% | ||
| Q2 25 | -10.5% | -7.5% | ||
| Q1 25 | 5.2% | -4.7% | ||
| Q4 24 | -39.1% | 5.4% | ||
| Q3 24 | -7.5% | 2.8% | ||
| Q2 24 | 2.3% | 3.2% | ||
| Q1 24 | -0.2% | -3.0% |
| Q4 25 | $1.82 | $0.24 | ||
| Q3 25 | $-2.41 | $-0.34 | ||
| Q2 25 | $-3.62 | $-0.31 | ||
| Q1 25 | $1.73 | $-0.19 | ||
| Q4 24 | $-12.12 | $0.24 | ||
| Q3 24 | $-2.05 | $0.11 | ||
| Q2 24 | $0.75 | $0.14 | ||
| Q1 24 | $-0.07 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $805.7M | $671.0M |
| Total DebtLower is stronger | $1.7B | $620.0M |
| Stockholders' EquityBook value | $1.1B | $491.0M |
| Total Assets | $4.2B | $7.2B |
| Debt / EquityLower = less leverage | 1.60× | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $805.7M | $671.0M | ||
| Q3 25 | $956.7M | $566.0M | ||
| Q2 25 | $842.8M | $563.0M | ||
| Q1 25 | $878.6M | $686.0M | ||
| Q4 24 | $781.1M | $740.0M | ||
| Q3 24 | $759.3M | $576.0M | ||
| Q2 24 | $791.9M | $658.0M | ||
| Q1 24 | $809.9M | $622.0M |
| Q4 25 | $1.7B | $620.0M | ||
| Q3 25 | $1.8B | $673.0M | ||
| Q2 25 | $1.8B | $565.0M | ||
| Q1 25 | $1.7B | $512.0M | ||
| Q4 24 | $1.6B | $507.0M | ||
| Q3 24 | $1.8B | $474.0M | ||
| Q2 24 | $1.7B | $455.0M | ||
| Q1 24 | $1.8B | $469.0M |
| Q4 25 | $1.1B | $491.0M | ||
| Q3 25 | $1.0B | $434.0M | ||
| Q2 25 | $1.1B | $506.0M | ||
| Q1 25 | $1.1B | $570.0M | ||
| Q4 24 | $1.1B | $604.0M | ||
| Q3 24 | $1.3B | $549.0M | ||
| Q2 24 | $1.3B | $520.0M | ||
| Q1 24 | $1.3B | $484.0M |
| Q4 25 | $4.2B | $7.2B | ||
| Q3 25 | $4.4B | $6.7B | ||
| Q2 25 | $4.4B | $6.5B | ||
| Q1 25 | $4.5B | $6.5B | ||
| Q4 24 | $4.4B | $6.2B | ||
| Q3 24 | $4.8B | $5.8B | ||
| Q2 24 | $4.9B | $5.7B | ||
| Q1 24 | $4.9B | $5.2B |
| Q4 25 | 1.60× | 1.26× | ||
| Q3 25 | 1.76× | 1.55× | ||
| Q2 25 | 1.68× | 1.12× | ||
| Q1 25 | 1.57× | 0.90× | ||
| Q4 24 | 1.48× | 0.84× | ||
| Q3 24 | 1.36× | 0.86× | ||
| Q2 24 | 1.30× | 0.88× | ||
| Q1 24 | 1.35× | 0.97× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $112.2M | $-91.0M |
| Free Cash FlowOCF − Capex | $90.4M | $-113.0M |
| FCF MarginFCF / Revenue | 15.2% | -11.3% |
| Capex IntensityCapex / Revenue | 3.7% | 2.2% |
| Cash ConversionOCF / Net Profit | 3.51× | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.2M | $-91.0M | ||
| Q3 25 | $-6.1M | $-215.0M | ||
| Q2 25 | $92.2M | $-133.0M | ||
| Q1 25 | $191.4M | $-86.0M | ||
| Q4 24 | $84.4M | $87.0M | ||
| Q3 24 | $17.3M | $-156.0M | ||
| Q2 24 | $68.9M | $9.0M | ||
| Q1 24 | $167.8M | $-22.0M |
| Q4 25 | $90.4M | $-113.0M | ||
| Q3 25 | $-121.7M | $-217.0M | ||
| Q2 25 | $-10.5M | $-166.0M | ||
| Q1 25 | $116.9M | $-104.0M | ||
| Q4 24 | $24.0M | $73.0M | ||
| Q3 24 | $-28.7M | $-170.0M | ||
| Q2 24 | $7.0M | $-22.0M | ||
| Q1 24 | $35.9M | $-39.0M |
| Q4 25 | 15.2% | -11.3% | ||
| Q3 25 | -24.6% | -24.5% | ||
| Q2 25 | -1.7% | -17.9% | ||
| Q1 25 | 19.0% | -11.4% | ||
| Q4 24 | 4.3% | 7.3% | ||
| Q3 24 | -5.9% | -18.2% | ||
| Q2 24 | 1.2% | -2.3% | ||
| Q1 24 | 6.2% | -4.5% |
| Q4 25 | 3.7% | 2.2% | ||
| Q3 25 | 23.4% | 0.2% | ||
| Q2 25 | 16.6% | 3.6% | ||
| Q1 25 | 12.1% | 2.0% | ||
| Q4 24 | 10.9% | 1.4% | ||
| Q3 24 | 9.4% | 1.5% | ||
| Q2 24 | 10.4% | 3.2% | ||
| Q1 24 | 22.7% | 2.0% |
| Q4 25 | 3.51× | -1.72× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.96× | — | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | -6.00× | ||
| Q2 24 | 5.03× | 0.29× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALGT
| Airrelatedrevenue | $307.1M | 52% |
| Scheduled Service Revenue | $267.1M | 45% |
| Cobrand Revenue | $21.3M | 4% |
| Other | $1.0K | 0% |
ULCC
| Aircraft Fare | $453.0M | 45% |
| Passenger Service Fees | $227.0M | 23% |
| Passenger Baggage | $177.0M | 18% |
| Passenger Seat Selection | $69.0M | 7% |
| Other Passenger Revenue | $36.0M | 4% |
| Other | $35.0M | 4% |
