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Side-by-side financial comparison of COMERICA INC (CMA) 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 $838.0M, roughly 1.2× COMERICA INC). COMERICA INC runs the higher net margin — 21.0% vs 5.3%, a 15.7% gap on every dollar of revenue. On growth, COMERICA INC posted the faster year-over-year revenue change (3.3% vs -0.5%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 7.4%).

Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.

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.

CMA vs ULCC — Head-to-Head

Bigger by revenue
ULCC
ULCC
1.2× larger
ULCC
$997.0M
$838.0M
CMA
Growing faster (revenue YoY)
CMA
CMA
+3.8% gap
CMA
3.3%
-0.5%
ULCC
Higher net margin
CMA
CMA
15.7% more per $
CMA
21.0%
5.3%
ULCC
Faster 2-yr revenue CAGR
CMA
CMA
Annualised
CMA
108.9%
7.4%
ULCC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
CMA
CMA
ULCC
ULCC
Revenue
$838.0M
$997.0M
Net Profit
$176.0M
$53.0M
Gross Margin
Operating Margin
4.9%
Net Margin
21.0%
5.3%
Revenue YoY
3.3%
-0.5%
Net Profit YoY
-4.3%
-1.9%
EPS (diluted)
$1.35
$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
CMA
CMA
ULCC
ULCC
Q4 25
$997.0M
Q3 25
$838.0M
$886.0M
Q2 25
$849.0M
$929.0M
Q1 25
$829.0M
$912.0M
Q4 24
$825.0M
$1.0B
Q3 24
$811.0M
$935.0M
Q2 24
$824.0M
$973.0M
Q1 24
$784.0M
$865.0M
Net Profit
CMA
CMA
ULCC
ULCC
Q4 25
$53.0M
Q3 25
$176.0M
$-77.0M
Q2 25
$199.0M
$-70.0M
Q1 25
$172.0M
$-43.0M
Q4 24
$170.0M
$54.0M
Q3 24
$184.0M
$26.0M
Q2 24
$206.0M
$31.0M
Q1 24
$138.0M
$-26.0M
Operating Margin
CMA
CMA
ULCC
ULCC
Q4 25
4.9%
Q3 25
-8.7%
Q2 25
-8.1%
Q1 25
-5.0%
Q4 24
4.5%
Q3 24
2.0%
Q2 24
2.6%
Q1 24
-3.6%
Net Margin
CMA
CMA
ULCC
ULCC
Q4 25
5.3%
Q3 25
21.0%
-8.7%
Q2 25
23.4%
-7.5%
Q1 25
20.7%
-4.7%
Q4 24
20.6%
5.4%
Q3 24
22.7%
2.8%
Q2 24
25.0%
3.2%
Q1 24
17.6%
-3.0%
EPS (diluted)
CMA
CMA
ULCC
ULCC
Q4 25
$0.24
Q3 25
$1.35
$-0.34
Q2 25
$1.42
$-0.31
Q1 25
$1.25
$-0.19
Q4 24
$1.22
$0.24
Q3 24
$1.33
$0.11
Q2 24
$1.49
$0.14
Q1 24
$0.98
$-0.12

Balance Sheet & Financial Strength

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

Metric
CMA
CMA
ULCC
ULCC
Cash + ST InvestmentsLiquidity on hand
$671.0M
Total DebtLower is stronger
$5.4B
$620.0M
Stockholders' EquityBook value
$7.4B
$491.0M
Total Assets
$77.4B
$7.2B
Debt / EquityLower = less leverage
0.73×
1.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMA
CMA
ULCC
ULCC
Q4 25
$671.0M
Q3 25
$566.0M
Q2 25
$563.0M
Q1 25
$686.0M
Q4 24
$740.0M
Q3 24
$576.0M
Q2 24
$658.0M
Q1 24
$622.0M
Total Debt
CMA
CMA
ULCC
ULCC
Q4 25
$620.0M
Q3 25
$5.4B
$673.0M
Q2 25
$5.8B
$565.0M
Q1 25
$5.7B
$512.0M
Q4 24
$6.7B
$507.0M
Q3 24
$6.8B
$474.0M
Q2 24
$7.1B
$455.0M
Q1 24
$7.1B
$469.0M
Stockholders' Equity
CMA
CMA
ULCC
ULCC
Q4 25
$491.0M
Q3 25
$7.4B
$434.0M
Q2 25
$6.9B
$506.0M
Q1 25
$7.1B
$570.0M
Q4 24
$6.5B
$604.0M
Q3 24
$7.4B
$549.0M
Q2 24
$6.2B
$520.0M
Q1 24
$6.0B
$484.0M
Total Assets
CMA
CMA
ULCC
ULCC
Q4 25
$7.2B
Q3 25
$77.4B
$6.7B
Q2 25
$78.0B
$6.5B
Q1 25
$77.6B
$6.5B
Q4 24
$79.3B
$6.2B
Q3 24
$79.7B
$5.8B
Q2 24
$79.6B
$5.7B
Q1 24
$79.4B
$5.2B
Debt / Equity
CMA
CMA
ULCC
ULCC
Q4 25
1.26×
Q3 25
0.73×
1.55×
Q2 25
0.84×
1.12×
Q1 25
0.81×
0.90×
Q4 24
1.02×
0.84×
Q3 24
0.92×
0.86×
Q2 24
1.15×
0.88×
Q1 24
1.18×
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
CMA
CMA
ULCC
ULCC
Operating Cash FlowLast quarter
$-270.0M
$-91.0M
Free Cash FlowOCF − Capex
$-113.0M
FCF MarginFCF / Revenue
-11.3%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
-1.53×
-1.72×
TTM Free Cash FlowTrailing 4 quarters
$-600.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMA
CMA
ULCC
ULCC
Q4 25
$-91.0M
Q3 25
$-270.0M
$-215.0M
Q2 25
$476.0M
$-133.0M
Q1 25
$273.0M
$-86.0M
Q4 24
$601.0M
$87.0M
Q3 24
$1.0B
$-156.0M
Q2 24
$111.0M
$9.0M
Q1 24
$-205.0M
$-22.0M
Free Cash Flow
CMA
CMA
ULCC
ULCC
Q4 25
$-113.0M
Q3 25
$-217.0M
Q2 25
$-166.0M
Q1 25
$-104.0M
Q4 24
$73.0M
Q3 24
$-170.0M
Q2 24
$-22.0M
Q1 24
$-39.0M
FCF Margin
CMA
CMA
ULCC
ULCC
Q4 25
-11.3%
Q3 25
-24.5%
Q2 25
-17.9%
Q1 25
-11.4%
Q4 24
7.3%
Q3 24
-18.2%
Q2 24
-2.3%
Q1 24
-4.5%
Capex Intensity
CMA
CMA
ULCC
ULCC
Q4 25
2.2%
Q3 25
0.2%
Q2 25
3.6%
Q1 25
2.0%
Q4 24
1.4%
Q3 24
1.5%
Q2 24
3.2%
Q1 24
2.0%
Cash Conversion
CMA
CMA
ULCC
ULCC
Q4 25
-1.72×
Q3 25
-1.53×
Q2 25
2.39×
Q1 25
1.59×
Q4 24
3.54×
1.61×
Q3 24
5.70×
-6.00×
Q2 24
0.54×
0.29×
Q1 24
-1.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMA
CMA

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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