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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) 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 $789.6M, roughly 1.3× Atour Lifestyle Holdings Ltd). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs 5.3%, a 12.3% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs -0.5%). Atour Lifestyle Holdings Ltd produced more free cash flow last quarter ($210.7M vs $-113.0M).
Atour Lifestyle Holdings Ltd is a leading China-based hospitality and lifestyle enterprise. It operates a wide portfolio of mid-to-premium hotel brands for business and leisure travelers, and offers complementary lifestyle retail products and experience services, catering primarily to middle-class consumers across domestic and selected overseas markets.
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.
ATAT vs ULCC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $789.6M | $997.0M |
| Net Profit | $139.1M | $53.0M |
| Gross Margin | — | — |
| Operating Margin | 22.5% | 4.9% |
| Net Margin | 17.6% | 5.3% |
| Revenue YoY | 252.5% | -0.5% |
| Net Profit YoY | 322.2% | -1.9% |
| EPS (diluted) | $0.33 | $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 | — | $997.0M | ||
| Q3 25 | $789.6M | $886.0M | ||
| Q2 25 | — | $929.0M | ||
| Q1 25 | — | $912.0M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $224.0M | $935.0M | ||
| Q2 24 | — | $973.0M | ||
| Q1 24 | $203.4M | $865.0M |
| Q4 25 | — | $53.0M | ||
| Q3 25 | $139.1M | $-77.0M | ||
| Q2 25 | — | $-70.0M | ||
| Q1 25 | — | $-43.0M | ||
| Q4 24 | — | $54.0M | ||
| Q3 24 | $33.0M | $26.0M | ||
| Q2 24 | — | $31.0M | ||
| Q1 24 | $35.6M | $-26.0M |
| Q4 25 | — | 4.9% | ||
| Q3 25 | 22.5% | -8.7% | ||
| Q2 25 | — | -8.1% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | 14.7% | 2.0% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | 22.1% | -3.6% |
| Q4 25 | — | 5.3% | ||
| Q3 25 | 17.6% | -8.7% | ||
| Q2 25 | — | -7.5% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | 14.7% | 2.8% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | 17.5% | -3.0% |
| Q4 25 | — | $0.24 | ||
| Q3 25 | $0.33 | $-0.34 | ||
| Q2 25 | — | $-0.31 | ||
| Q1 25 | — | $-0.19 | ||
| Q4 24 | — | $0.24 | ||
| Q3 24 | $0.08 | $0.11 | ||
| Q2 24 | — | $0.14 | ||
| Q1 24 | $0.09 | $-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 | $669.2M | $671.0M |
| Total DebtLower is stronger | — | $620.0M |
| Stockholders' EquityBook value | $405.0M | $491.0M |
| Total Assets | $1.1B | $7.2B |
| Debt / EquityLower = less leverage | — | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $671.0M | ||
| Q3 25 | $669.2M | $566.0M | ||
| Q2 25 | — | $563.0M | ||
| Q1 25 | — | $686.0M | ||
| Q4 24 | — | $740.0M | ||
| Q3 24 | $506.0M | $576.0M | ||
| Q2 24 | — | $658.0M | ||
| Q1 24 | $520.7M | $622.0M |
| Q4 25 | — | $620.0M | ||
| Q3 25 | — | $673.0M | ||
| Q2 25 | — | $565.0M | ||
| Q1 25 | — | $512.0M | ||
| Q4 24 | — | $507.0M | ||
| Q3 24 | — | $474.0M | ||
| Q2 24 | — | $455.0M | ||
| Q1 24 | $277.0K | $469.0M |
| Q4 25 | — | $491.0M | ||
| Q3 25 | $405.0M | $434.0M | ||
| Q2 25 | — | $506.0M | ||
| Q1 25 | — | $570.0M | ||
| Q4 24 | — | $604.0M | ||
| Q3 24 | $291.3M | $549.0M | ||
| Q2 24 | — | $520.0M | ||
| Q1 24 | $323.5M | $484.0M |
| Q4 25 | — | $7.2B | ||
| Q3 25 | $1.1B | $6.7B | ||
| Q2 25 | — | $6.5B | ||
| Q1 25 | — | $6.5B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | $927.8M | $5.8B | ||
| Q2 24 | — | $5.7B | ||
| Q1 24 | $936.3M | $5.2B |
| Q4 25 | — | 1.26× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 0.84× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | 0.88× | ||
| Q1 24 | 0.00× | 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 | $216.6M | $-91.0M |
| Free Cash FlowOCF − Capex | $210.7M | $-113.0M |
| FCF MarginFCF / Revenue | 26.7% | -11.3% |
| Capex IntensityCapex / Revenue | 0.8% | 2.2% |
| Cash ConversionOCF / Net Profit | 1.56× | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $359.6M | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-91.0M | ||
| Q3 25 | $216.6M | $-215.0M | ||
| Q2 25 | — | $-133.0M | ||
| Q1 25 | — | $-86.0M | ||
| Q4 24 | — | $87.0M | ||
| Q3 24 | $84.8M | $-156.0M | ||
| Q2 24 | — | $9.0M | ||
| Q1 24 | $19.8M | $-22.0M |
| Q4 25 | — | $-113.0M | ||
| Q3 25 | $210.7M | $-217.0M | ||
| Q2 25 | — | $-166.0M | ||
| Q1 25 | — | $-104.0M | ||
| Q4 24 | — | $73.0M | ||
| Q3 24 | $83.3M | $-170.0M | ||
| Q2 24 | — | $-22.0M | ||
| Q1 24 | $18.1M | $-39.0M |
| Q4 25 | — | -11.3% | ||
| Q3 25 | 26.7% | -24.5% | ||
| Q2 25 | — | -17.9% | ||
| Q1 25 | — | -11.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | 37.2% | -18.2% | ||
| Q2 24 | — | -2.3% | ||
| Q1 24 | 8.9% | -4.5% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | 0.8% | 0.2% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 0.7% | 1.5% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | 0.9% | 2.0% |
| Q4 25 | — | -1.72× | ||
| Q3 25 | 1.56× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | 2.57× | -6.00× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | 0.56× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATAT
Segment breakdown not available.
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% |
