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

ATI INC is the larger business by last-quarter revenue ($1.2B vs $997.0M, roughly 1.2× Frontier Group Holdings, Inc.). ATI INC runs the higher net margin — 10.3% vs 5.3%, a 4.9% gap on every dollar of revenue. On growth, ATI INC posted the faster year-over-year revenue change (0.6% vs -0.5%). Over the past eight quarters, Frontier Group Holdings, Inc.'s revenue compounded faster (7.4% CAGR vs 2.5%).

ATI Technologies Inc. was a Canadian semiconductor technology corporation based in Markham, Ontario, that specialized in the development of graphics processing units and chipsets. Founded in 1985, the company listed publicly in 1993 and was acquired by AMD in 2006. As a major fabless semiconductor company, ATI conducted research and development in-house and outsourced the manufacturing and assembly of its products. With the decline and eventual bankruptcy of 3dfx in 2000, ATI and its chief ri...

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.

ATI vs ULCC — Head-to-Head

Bigger by revenue
ATI
ATI
1.2× larger
ATI
$1.2B
$997.0M
ULCC
Growing faster (revenue YoY)
ATI
ATI
+1.1% gap
ATI
0.6%
-0.5%
ULCC
Higher net margin
ATI
ATI
4.9% more per $
ATI
10.3%
5.3%
ULCC
Faster 2-yr revenue CAGR
ULCC
ULCC
Annualised
ULCC
7.4%
2.5%
ATI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ATI
ATI
ULCC
ULCC
Revenue
$1.2B
$997.0M
Net Profit
$118.2M
$53.0M
Gross Margin
22.8%
Operating Margin
14.2%
4.9%
Net Margin
10.3%
5.3%
Revenue YoY
0.6%
-0.5%
Net Profit YoY
21.9%
-1.9%
EPS (diluted)
$0.85
$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
ATI
ATI
ULCC
ULCC
Q1 26
$1.2B
Q4 25
$1.2B
$997.0M
Q3 25
$1.1B
$886.0M
Q2 25
$1.1B
$929.0M
Q1 25
$1.1B
$912.0M
Q4 24
$1.2B
$1.0B
Q3 24
$1.1B
$935.0M
Q2 24
$1.1B
$973.0M
Net Profit
ATI
ATI
ULCC
ULCC
Q1 26
$118.2M
Q4 25
$96.6M
$53.0M
Q3 25
$110.0M
$-77.0M
Q2 25
$100.7M
$-70.0M
Q1 25
$97.0M
$-43.0M
Q4 24
$137.1M
$54.0M
Q3 24
$82.7M
$26.0M
Q2 24
$81.9M
$31.0M
Gross Margin
ATI
ATI
ULCC
ULCC
Q1 26
22.8%
Q4 25
23.2%
Q3 25
22.7%
Q2 25
21.3%
Q1 25
20.6%
Q4 24
21.2%
Q3 24
21.4%
Q2 24
20.8%
Operating Margin
ATI
ATI
ULCC
ULCC
Q1 26
14.2%
Q4 25
14.5%
4.9%
Q3 25
14.4%
-8.7%
Q2 25
14.1%
-8.1%
Q1 25
12.8%
-5.0%
Q4 24
17.8%
4.5%
Q3 24
13.5%
2.0%
Q2 24
13.0%
2.6%
Net Margin
ATI
ATI
ULCC
ULCC
Q1 26
10.3%
Q4 25
8.2%
5.3%
Q3 25
9.8%
-8.7%
Q2 25
8.8%
-7.5%
Q1 25
8.5%
-4.7%
Q4 24
11.7%
5.4%
Q3 24
7.9%
2.8%
Q2 24
7.5%
3.2%
EPS (diluted)
ATI
ATI
ULCC
ULCC
Q1 26
$0.85
Q4 25
$0.70
$0.24
Q3 25
$0.78
$-0.34
Q2 25
$0.70
$-0.31
Q1 25
$0.67
$-0.19
Q4 24
$0.94
$0.24
Q3 24
$0.57
$0.11
Q2 24
$0.58
$0.14

Balance Sheet & Financial Strength

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

Metric
ATI
ATI
ULCC
ULCC
Cash + ST InvestmentsLiquidity on hand
$401.7M
$671.0M
Total DebtLower is stronger
$1.8B
$620.0M
Stockholders' EquityBook value
$1.9B
$491.0M
Total Assets
$5.2B
$7.2B
Debt / EquityLower = less leverage
0.95×
1.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATI
ATI
ULCC
ULCC
Q1 26
$401.7M
Q4 25
$416.7M
$671.0M
Q3 25
$372.2M
$566.0M
Q2 25
$319.6M
$563.0M
Q1 25
$475.8M
$686.0M
Q4 24
$721.2M
$740.0M
Q3 24
$406.6M
$576.0M
Q2 24
$425.6M
$658.0M
Total Debt
ATI
ATI
ULCC
ULCC
Q1 26
$1.8B
Q4 25
$1.7B
$620.0M
Q3 25
$1.7B
$673.0M
Q2 25
$1.7B
$565.0M
Q1 25
$1.7B
$512.0M
Q4 24
$1.7B
$507.0M
Q3 24
$1.9B
$474.0M
Q2 24
$1.9B
$455.0M
Stockholders' Equity
ATI
ATI
ULCC
ULCC
Q1 26
$1.9B
Q4 25
$1.8B
$491.0M
Q3 25
$1.7B
$434.0M
Q2 25
$1.7B
$506.0M
Q1 25
$1.9B
$570.0M
Q4 24
$1.9B
$604.0M
Q3 24
$1.8B
$549.0M
Q2 24
$1.4B
$520.0M
Total Assets
ATI
ATI
ULCC
ULCC
Q1 26
$5.2B
Q4 25
$5.1B
$7.2B
Q3 25
$5.0B
$6.7B
Q2 25
$5.0B
$6.5B
Q1 25
$5.2B
$6.5B
Q4 24
$5.2B
$6.2B
Q3 24
$5.1B
$5.8B
Q2 24
$4.9B
$5.7B
Debt / Equity
ATI
ATI
ULCC
ULCC
Q1 26
0.95×
Q4 25
0.95×
1.26×
Q3 25
1.00×
1.55×
Q2 25
0.98×
1.12×
Q1 25
0.91×
0.90×
Q4 24
0.93×
0.84×
Q3 24
1.04×
0.86×
Q2 24
1.37×
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
ATI
ATI
ULCC
ULCC
Operating Cash FlowLast quarter
$-91.0M
Free Cash FlowOCF − Capex
$-113.0M
FCF MarginFCF / Revenue
-11.3%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
-1.72×
TTM Free Cash FlowTrailing 4 quarters
$-600.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATI
ATI
ULCC
ULCC
Q1 26
Q4 25
$315.8M
$-91.0M
Q3 25
$229.5M
$-215.0M
Q2 25
$161.5M
$-133.0M
Q1 25
$-92.5M
$-86.0M
Q4 24
$380.9M
$87.0M
Q3 24
$24.0M
$-156.0M
Q2 24
$101.1M
$9.0M
Free Cash Flow
ATI
ATI
ULCC
ULCC
Q1 26
Q4 25
$223.1M
$-113.0M
Q3 25
$167.0M
$-217.0M
Q2 25
$89.4M
$-166.0M
Q1 25
$-145.8M
$-104.0M
Q4 24
$333.6M
$73.0M
Q3 24
$-41.8M
$-170.0M
Q2 24
$40.9M
$-22.0M
FCF Margin
ATI
ATI
ULCC
ULCC
Q1 26
Q4 25
19.0%
-11.3%
Q3 25
14.8%
-24.5%
Q2 25
7.8%
-17.9%
Q1 25
-12.7%
-11.4%
Q4 24
28.4%
7.3%
Q3 24
-4.0%
-18.2%
Q2 24
3.7%
-2.3%
Capex Intensity
ATI
ATI
ULCC
ULCC
Q1 26
Q4 25
7.9%
2.2%
Q3 25
5.6%
0.2%
Q2 25
6.3%
3.6%
Q1 25
4.7%
2.0%
Q4 24
4.0%
1.4%
Q3 24
6.3%
1.5%
Q2 24
5.5%
3.2%
Cash Conversion
ATI
ATI
ULCC
ULCC
Q1 26
Q4 25
3.27×
-1.72×
Q3 25
2.09×
Q2 25
1.60×
Q1 25
-0.95×
Q4 24
2.78×
1.61×
Q3 24
0.29×
-6.00×
Q2 24
1.23×
0.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ATI
ATI

Segment breakdown not available.

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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