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Side-by-side financial comparison of F5, Inc. (FFIV) 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 $811.7M, roughly 1.2× F5, Inc.). F5, Inc. runs the higher net margin — 18.2% vs 5.3%, a 12.9% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (11.0% vs -0.5%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% CAGR vs 7.4%).
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
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.
FFIV vs ULCC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $811.7M | $997.0M |
| Net Profit | $148.0M | $53.0M |
| Gross Margin | 81.4% | — |
| Operating Margin | 22.1% | 4.9% |
| Net Margin | 18.2% | 5.3% |
| Revenue YoY | 11.0% | -0.5% |
| Net Profit YoY | 1.5% | -1.9% |
| EPS (diluted) | $2.58 | $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.
| Q1 26 | $811.7M | — | ||
| Q4 25 | $822.5M | $997.0M | ||
| Q3 25 | $810.1M | $886.0M | ||
| Q2 25 | $780.4M | $929.0M | ||
| Q1 25 | $731.1M | $912.0M | ||
| Q4 24 | $766.5M | $1.0B | ||
| Q3 24 | $746.7M | $935.0M | ||
| Q2 24 | $695.5M | $973.0M |
| Q1 26 | $148.0M | — | ||
| Q4 25 | $180.1M | $53.0M | ||
| Q3 25 | $190.5M | $-77.0M | ||
| Q2 25 | $189.9M | $-70.0M | ||
| Q1 25 | $145.5M | $-43.0M | ||
| Q4 24 | $166.4M | $54.0M | ||
| Q3 24 | $165.3M | $26.0M | ||
| Q2 24 | $144.1M | $31.0M |
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.5% | — | ||
| Q3 25 | 82.2% | — | ||
| Q2 25 | 81.0% | — | ||
| Q1 25 | 80.7% | — | ||
| Q4 24 | 81.7% | — | ||
| Q3 24 | 80.8% | — | ||
| Q2 24 | 80.4% | — |
| Q1 26 | 22.1% | — | ||
| Q4 25 | 26.0% | 4.9% | ||
| Q3 25 | 25.4% | -8.7% | ||
| Q2 25 | 25.2% | -8.1% | ||
| Q1 25 | 21.7% | -5.0% | ||
| Q4 24 | 26.8% | 4.5% | ||
| Q3 24 | 25.6% | 2.0% | ||
| Q2 24 | 23.4% | 2.6% |
| Q1 26 | 18.2% | — | ||
| Q4 25 | 21.9% | 5.3% | ||
| Q3 25 | 23.5% | -8.7% | ||
| Q2 25 | 24.3% | -7.5% | ||
| Q1 25 | 19.9% | -4.7% | ||
| Q4 24 | 21.7% | 5.4% | ||
| Q3 24 | 22.1% | 2.8% | ||
| Q2 24 | 20.7% | 3.2% |
| Q1 26 | $2.58 | — | ||
| Q4 25 | $3.10 | $0.24 | ||
| Q3 25 | $3.25 | $-0.34 | ||
| Q2 25 | $3.25 | $-0.31 | ||
| Q1 25 | $2.48 | $-0.19 | ||
| Q4 24 | $2.82 | $0.24 | ||
| Q3 24 | $2.79 | $0.11 | ||
| Q2 24 | $2.44 | $0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.4B | $671.0M |
| Total DebtLower is stronger | — | $620.0M |
| Stockholders' EquityBook value | $3.6B | $491.0M |
| Total Assets | $6.5B | $7.2B |
| Debt / EquityLower = less leverage | — | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.2B | $671.0M | ||
| Q3 25 | $1.3B | $566.0M | ||
| Q2 25 | $1.4B | $563.0M | ||
| Q1 25 | $1.3B | $686.0M | ||
| Q4 24 | $1.2B | $740.0M | ||
| Q3 24 | $1.1B | $576.0M | ||
| Q2 24 | $935.6M | $658.0M |
| Q1 26 | — | — | ||
| 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 26 | $3.6B | — | ||
| Q4 25 | $3.5B | $491.0M | ||
| Q3 25 | $3.6B | $434.0M | ||
| Q2 25 | $3.5B | $506.0M | ||
| Q1 25 | $3.3B | $570.0M | ||
| Q4 24 | $3.2B | $604.0M | ||
| Q3 24 | $3.1B | $549.0M | ||
| Q2 24 | $3.0B | $520.0M |
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.3B | $7.2B | ||
| Q3 25 | $6.3B | $6.7B | ||
| Q2 25 | $6.1B | $6.5B | ||
| Q1 25 | $5.9B | $6.5B | ||
| Q4 24 | $5.9B | $6.2B | ||
| Q3 24 | $5.6B | $5.8B | ||
| Q2 24 | $5.4B | $5.7B |
| Q1 26 | — | — | ||
| 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× |
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 | $525.1M | $-91.0M |
| Free Cash FlowOCF − Capex | — | $-113.0M |
| FCF MarginFCF / Revenue | — | -11.3% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | 3.55× | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | $-91.0M | ||
| Q3 25 | $208.1M | $-215.0M | ||
| Q2 25 | $282.2M | $-133.0M | ||
| Q1 25 | $256.6M | $-86.0M | ||
| Q4 24 | $202.8M | $87.0M | ||
| Q3 24 | $246.5M | $-156.0M | ||
| Q2 24 | $159.0M | $9.0M |
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $-113.0M | ||
| Q3 25 | $191.9M | $-217.0M | ||
| Q2 25 | $273.7M | $-166.0M | ||
| Q1 25 | $246.1M | $-104.0M | ||
| Q4 24 | $194.7M | $73.0M | ||
| Q3 24 | $240.4M | $-170.0M | ||
| Q2 24 | $153.1M | $-22.0M |
| Q1 26 | — | — | ||
| Q4 25 | 18.2% | -11.3% | ||
| Q3 25 | 23.7% | -24.5% | ||
| Q2 25 | 35.1% | -17.9% | ||
| Q1 25 | 33.7% | -11.4% | ||
| Q4 24 | 25.4% | 7.3% | ||
| Q3 24 | 32.2% | -18.2% | ||
| Q2 24 | 22.0% | -2.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 2.2% | ||
| Q3 25 | 2.0% | 0.2% | ||
| Q2 25 | 1.1% | 3.6% | ||
| Q1 25 | 1.4% | 2.0% | ||
| Q4 24 | 1.1% | 1.4% | ||
| Q3 24 | 0.8% | 1.5% | ||
| Q2 24 | 0.8% | 3.2% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | 0.88× | -1.72× | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 1.22× | 1.61× | ||
| Q3 24 | 1.49× | -6.00× | ||
| Q2 24 | 1.10× | 0.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFIV
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% |
