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Side-by-side financial comparison of GREIF, INC (GEF) 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 $994.8M, roughly 1.0× GREIF, INC). GREIF, INC runs the higher net margin — 17.6% vs 5.3%, a 12.2% gap on every dollar of revenue. On growth, Frontier Group Holdings, Inc. posted the faster year-over-year revenue change (-0.5% vs -21.4%). Over the past eight quarters, Frontier Group Holdings, Inc.'s revenue compounded faster (7.4% CAGR vs -9.2%).

Greif, Inc. is a global leader in industrial packaging products and services based in Delaware, Ohio. Originally a manufacturer of barrels, the company is now focused on producing steel, fiber and plastic drums, IBCs, jerrycans, plastic bottles, closures, containerboard, corrugated products and adhesives. In 2018, the company ranked 617 on the Fortune 1000.

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.

GEF vs ULCC — Head-to-Head

Bigger by revenue
ULCC
ULCC
1.0× larger
ULCC
$997.0M
$994.8M
GEF
Growing faster (revenue YoY)
ULCC
ULCC
+20.9% gap
ULCC
-0.5%
-21.4%
GEF
Higher net margin
GEF
GEF
12.2% more per $
GEF
17.6%
5.3%
ULCC
Faster 2-yr revenue CAGR
ULCC
ULCC
Annualised
ULCC
7.4%
-9.2%
GEF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GEF
GEF
ULCC
ULCC
Revenue
$994.8M
$997.0M
Net Profit
$174.6M
$53.0M
Gross Margin
20.4%
Operating Margin
25.8%
4.9%
Net Margin
17.6%
5.3%
Revenue YoY
-21.4%
-0.5%
Net Profit YoY
1930.2%
-1.9%
EPS (diluted)
$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
GEF
GEF
ULCC
ULCC
Q4 25
$994.8M
$997.0M
Q3 25
$1.1B
$886.0M
Q2 25
$1.4B
$929.0M
Q1 25
$1.3B
$912.0M
Q4 24
$1.4B
$1.0B
Q3 24
$1.5B
$935.0M
Q2 24
$1.4B
$973.0M
Q1 24
$1.2B
$865.0M
Net Profit
GEF
GEF
ULCC
ULCC
Q4 25
$174.6M
$53.0M
Q3 25
$64.0M
$-77.0M
Q2 25
$47.3M
$-70.0M
Q1 25
$8.6M
$-43.0M
Q4 24
$70.1M
$54.0M
Q3 24
$87.1M
$26.0M
Q2 24
$44.4M
$31.0M
Q1 24
$67.2M
$-26.0M
Gross Margin
GEF
GEF
ULCC
ULCC
Q4 25
20.4%
Q3 25
22.7%
Q2 25
23.1%
Q1 25
19.4%
Q4 24
20.4%
Q3 24
20.0%
Q2 24
19.7%
Q1 24
18.4%
Operating Margin
GEF
GEF
ULCC
ULCC
Q4 25
25.8%
4.9%
Q3 25
6.4%
-8.7%
Q2 25
8.6%
-8.1%
Q1 25
4.7%
-5.0%
Q4 24
8.9%
4.5%
Q3 24
11.8%
2.0%
Q2 24
7.2%
2.6%
Q1 24
5.7%
-3.6%
Net Margin
GEF
GEF
ULCC
ULCC
Q4 25
17.6%
5.3%
Q3 25
5.6%
-8.7%
Q2 25
3.4%
-7.5%
Q1 25
0.7%
-4.7%
Q4 24
4.9%
5.4%
Q3 24
6.0%
2.8%
Q2 24
3.2%
3.2%
Q1 24
5.6%
-3.0%
EPS (diluted)
GEF
GEF
ULCC
ULCC
Q4 25
$0.24
Q3 25
$-0.34
Q2 25
$-0.31
Q1 25
$-0.19
Q4 24
$0.24
Q3 24
$0.11
Q2 24
$0.14
Q1 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
GEF
GEF
ULCC
ULCC
Cash + ST InvestmentsLiquidity on hand
$243.5M
$671.0M
Total DebtLower is stronger
$655.1M
$620.0M
Stockholders' EquityBook value
$2.9B
$491.0M
Total Assets
$5.5B
$7.2B
Debt / EquityLower = less leverage
0.22×
1.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GEF
GEF
ULCC
ULCC
Q4 25
$243.5M
$671.0M
Q3 25
$285.2M
$566.0M
Q2 25
$252.7M
$563.0M
Q1 25
$201.1M
$686.0M
Q4 24
$197.7M
$740.0M
Q3 24
$194.2M
$576.0M
Q2 24
$196.0M
$658.0M
Q1 24
$179.3M
$622.0M
Total Debt
GEF
GEF
ULCC
ULCC
Q4 25
$655.1M
$620.0M
Q3 25
$2.3B
$673.0M
Q2 25
$2.4B
$565.0M
Q1 25
$2.5B
$512.0M
Q4 24
$2.7B
$507.0M
Q3 24
$2.9B
$474.0M
Q2 24
$2.9B
$455.0M
Q1 24
$2.3B
$469.0M
Stockholders' Equity
GEF
GEF
ULCC
ULCC
Q4 25
$2.9B
$491.0M
Q3 25
$2.2B
$434.0M
Q2 25
$2.1B
$506.0M
Q1 25
$2.0B
$570.0M
Q4 24
$2.1B
$604.0M
Q3 24
$2.1B
$549.0M
Q2 24
$2.0B
$520.0M
Q1 24
$2.0B
$484.0M
Total Assets
GEF
GEF
ULCC
ULCC
Q4 25
$5.5B
$7.2B
Q3 25
$6.7B
$6.7B
Q2 25
$6.8B
$6.5B
Q1 25
$6.6B
$6.5B
Q4 24
$6.6B
$6.2B
Q3 24
$6.8B
$5.8B
Q2 24
$6.8B
$5.7B
Q1 24
$6.0B
$5.2B
Debt / Equity
GEF
GEF
ULCC
ULCC
Q4 25
0.22×
1.26×
Q3 25
1.06×
1.55×
Q2 25
1.12×
1.12×
Q1 25
1.24×
0.90×
Q4 24
1.31×
0.84×
Q3 24
1.41×
0.86×
Q2 24
1.44×
0.88×
Q1 24
1.15×
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
GEF
GEF
ULCC
ULCC
Operating Cash FlowLast quarter
$-24.4M
$-91.0M
Free Cash FlowOCF − Capex
$-113.0M
FCF MarginFCF / Revenue
-11.3%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
-0.14×
-1.72×
TTM Free Cash FlowTrailing 4 quarters
$-600.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GEF
GEF
ULCC
ULCC
Q4 25
$-24.4M
$-91.0M
Q3 25
$197.7M
$-215.0M
Q2 25
$136.4M
$-133.0M
Q1 25
$-30.8M
$-86.0M
Q4 24
$187.2M
$87.0M
Q3 24
$76.8M
$-156.0M
Q2 24
$87.5M
$9.0M
Q1 24
$4.5M
$-22.0M
Free Cash Flow
GEF
GEF
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
GEF
GEF
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
GEF
GEF
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
GEF
GEF
ULCC
ULCC
Q4 25
-0.14×
-1.72×
Q3 25
3.09×
Q2 25
2.88×
Q1 25
-3.58×
Q4 24
2.67×
1.61×
Q3 24
0.88×
-6.00×
Q2 24
1.97×
0.29×
Q1 24
0.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GEF
GEF

Other$501.0M50%
Sustainable Fiber Solutions Segment$300.4M30%
Customized Polymer Solutions Segment$124.8M13%
Durable Metal Solutions Segment$62.5M6%
Innovative Closure Solutions Segment$6.1M1%

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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