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Side-by-side financial comparison of Grocery Outlet Holding Corp. (GO) and Frontier Group Holdings, Inc. (ULCC). Click either name above to swap in a different company.
Grocery Outlet Holding Corp. is the larger business by last-quarter revenue ($1.2B vs $997.0M, roughly 1.2× Frontier Group Holdings, Inc.). Frontier Group Holdings, Inc. runs the higher net margin — 5.3% vs -18.5%, a 23.8% gap on every dollar of revenue. On growth, Grocery Outlet Holding Corp. posted the faster year-over-year revenue change (10.7% vs -0.5%). Over the past eight quarters, Grocery Outlet Holding Corp.'s revenue compounded faster (8.3% CAGR vs 7.4%).
Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.
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.
GO vs ULCC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $997.0M |
| Net Profit | $-224.9M | $53.0M |
| Gross Margin | 29.7% | — |
| Operating Margin | — | 4.9% |
| Net Margin | -18.5% | 5.3% |
| Revenue YoY | 10.7% | -0.5% |
| Net Profit YoY | -669.9% | -1.9% |
| EPS (diluted) | $-2.22 | $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 | $1.2B | — | ||
| Q4 25 | — | $997.0M | ||
| Q3 25 | $1.2B | $886.0M | ||
| Q2 25 | $1.2B | $929.0M | ||
| Q1 25 | $1.1B | $912.0M | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.1B | $935.0M | ||
| Q2 24 | $1.1B | $973.0M |
| Q1 26 | $-224.9M | — | ||
| Q4 25 | — | $53.0M | ||
| Q3 25 | $11.6M | $-77.0M | ||
| Q2 25 | $5.0M | $-70.0M | ||
| Q1 25 | $-23.3M | $-43.0M | ||
| Q4 24 | $2.3M | $54.0M | ||
| Q3 24 | $24.2M | $26.0M | ||
| Q2 24 | $14.0M | $31.0M |
| Q1 26 | 29.7% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 30.4% | — | ||
| Q2 25 | 30.6% | — | ||
| Q1 25 | 30.4% | — | ||
| Q4 24 | 29.5% | — | ||
| Q3 24 | 31.1% | — | ||
| Q2 24 | 30.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.9% | ||
| Q3 25 | 2.0% | -8.7% | ||
| Q2 25 | 1.1% | -8.1% | ||
| Q1 25 | -2.0% | -5.0% | ||
| Q4 24 | 1.0% | 4.5% | ||
| Q3 24 | 3.6% | 2.0% | ||
| Q2 24 | 2.3% | 2.6% |
| Q1 26 | -18.5% | — | ||
| Q4 25 | — | 5.3% | ||
| Q3 25 | 1.0% | -8.7% | ||
| Q2 25 | 0.4% | -7.5% | ||
| Q1 25 | -2.1% | -4.7% | ||
| Q4 24 | 0.2% | 5.4% | ||
| Q3 24 | 2.2% | 2.8% | ||
| Q2 24 | 1.2% | 3.2% |
| Q1 26 | $-2.22 | — | ||
| Q4 25 | — | $0.24 | ||
| Q3 25 | $0.12 | $-0.34 | ||
| Q2 25 | $0.05 | $-0.31 | ||
| Q1 25 | $-0.24 | $-0.19 | ||
| Q4 24 | $0.03 | $0.24 | ||
| Q3 24 | $0.24 | $0.11 | ||
| Q2 24 | $0.14 | $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 | $69.6M | $671.0M |
| Total DebtLower is stronger | $15.0M | $620.0M |
| Stockholders' EquityBook value | $983.7M | $491.0M |
| Total Assets | $3.1B | $7.2B |
| Debt / EquityLower = less leverage | 0.02× | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $69.6M | — | ||
| Q4 25 | — | $671.0M | ||
| Q3 25 | $52.1M | $566.0M | ||
| Q2 25 | $55.2M | $563.0M | ||
| Q1 25 | $50.9M | $686.0M | ||
| Q4 24 | $62.8M | $740.0M | ||
| Q3 24 | $68.7M | $576.0M | ||
| Q2 24 | $67.1M | $658.0M |
| Q1 26 | $15.0M | — | ||
| Q4 25 | — | $620.0M | ||
| Q3 25 | $500.3M | $673.0M | ||
| Q2 25 | $473.9M | $565.0M | ||
| Q1 25 | $475.7M | $512.0M | ||
| Q4 24 | $477.5M | $507.0M | ||
| Q3 24 | $429.3M | $474.0M | ||
| Q2 24 | $379.2M | $455.0M |
| Q1 26 | $983.7M | — | ||
| Q4 25 | — | $491.0M | ||
| Q3 25 | $1.2B | $434.0M | ||
| Q2 25 | $1.2B | $506.0M | ||
| Q1 25 | $1.2B | $570.0M | ||
| Q4 24 | $1.2B | $604.0M | ||
| Q3 24 | $1.2B | $549.0M | ||
| Q2 24 | $1.2B | $520.0M |
| Q1 26 | $3.1B | — | ||
| Q4 25 | — | $7.2B | ||
| Q3 25 | $3.4B | $6.7B | ||
| Q2 25 | $3.3B | $6.5B | ||
| Q1 25 | $3.3B | $6.5B | ||
| Q4 24 | $3.2B | $6.2B | ||
| Q3 24 | $3.1B | $5.8B | ||
| Q2 24 | $3.1B | $5.7B |
| Q1 26 | 0.02× | — | ||
| Q4 25 | — | 1.26× | ||
| Q3 25 | 0.42× | 1.55× | ||
| Q2 25 | 0.40× | 1.12× | ||
| Q1 25 | 0.40× | 0.90× | ||
| Q4 24 | 0.40× | 0.84× | ||
| Q3 24 | 0.35× | 0.86× | ||
| Q2 24 | 0.31× | 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 | $222.1M | $-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.
| Q1 26 | $222.1M | — | ||
| Q4 25 | — | $-91.0M | ||
| Q3 25 | $17.3M | $-215.0M | ||
| Q2 25 | $73.6M | $-133.0M | ||
| Q1 25 | $58.9M | $-86.0M | ||
| Q4 24 | $39.5M | $87.0M | ||
| Q3 24 | $23.0M | $-156.0M | ||
| Q2 24 | $41.6M | $9.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-113.0M | ||
| Q3 25 | $-21.6M | $-217.0M | ||
| Q2 25 | $14.4M | $-166.0M | ||
| Q1 25 | $-1.5M | $-104.0M | ||
| Q4 24 | $-19.6M | $73.0M | ||
| Q3 24 | $-19.3M | $-170.0M | ||
| Q2 24 | $2.7M | $-22.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -11.3% | ||
| Q3 25 | -1.8% | -24.5% | ||
| Q2 25 | 1.2% | -17.9% | ||
| Q1 25 | -0.1% | -11.4% | ||
| Q4 24 | -1.8% | 7.3% | ||
| Q3 24 | -1.7% | -18.2% | ||
| Q2 24 | 0.2% | -2.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | 3.3% | 0.2% | ||
| Q2 25 | 5.0% | 3.6% | ||
| Q1 25 | 5.4% | 2.0% | ||
| Q4 24 | 5.4% | 1.4% | ||
| Q3 24 | 3.8% | 1.5% | ||
| Q2 24 | 3.4% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.72× | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 14.84× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 17.09× | 1.61× | ||
| Q3 24 | 0.95× | -6.00× | ||
| Q2 24 | 2.97× | 0.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GO
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% |
