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Side-by-side financial comparison of Hyatt Hotels Corp (H) and Frontier Group Holdings, Inc. (ULCC). Click either name above to swap in a different company.
Hyatt Hotels Corp is the larger business by last-quarter revenue ($1.8B vs $997.0M, roughly 1.8× Frontier Group Holdings, Inc.). Frontier Group Holdings, Inc. runs the higher net margin — 5.3% vs -1.1%, a 6.4% gap on every dollar of revenue. On growth, Hyatt Hotels Corp posted the faster year-over-year revenue change (11.7% vs -0.5%). Hyatt Hotels Corp produced more free cash flow last quarter ($236.0M vs $-113.0M). Over the past eight quarters, Frontier Group Holdings, Inc.'s revenue compounded faster (7.4% CAGR vs 2.2%).
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across North America, South America, Europe, Asia, Africa and Australia.
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.
H vs ULCC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $997.0M |
| Net Profit | $-20.0M | $53.0M |
| Gross Margin | — | — |
| Operating Margin | 0.4% | 4.9% |
| Net Margin | -1.1% | 5.3% |
| Revenue YoY | 11.7% | -0.5% |
| Net Profit YoY | 64.3% | -1.9% |
| EPS (diluted) | $-0.20 | $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.
| Q4 25 | $1.8B | $997.0M | ||
| Q3 25 | $1.8B | $886.0M | ||
| Q2 25 | $1.8B | $929.0M | ||
| Q1 25 | $1.7B | $912.0M | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.6B | $935.0M | ||
| Q2 24 | $1.7B | $973.0M | ||
| Q1 24 | $1.7B | $865.0M |
| Q4 25 | $-20.0M | $53.0M | ||
| Q3 25 | $-49.0M | $-77.0M | ||
| Q2 25 | $-3.0M | $-70.0M | ||
| Q1 25 | $20.0M | $-43.0M | ||
| Q4 24 | $-56.0M | $54.0M | ||
| Q3 24 | $471.0M | $26.0M | ||
| Q2 24 | $359.0M | $31.0M | ||
| Q1 24 | $522.0M | $-26.0M |
| Q4 25 | 0.4% | 4.9% | ||
| Q3 25 | -1.0% | -8.7% | ||
| Q2 25 | 2.1% | -8.1% | ||
| Q1 25 | 3.0% | -5.0% | ||
| Q4 24 | -3.0% | 4.5% | ||
| Q3 24 | 37.3% | 2.0% | ||
| Q2 24 | 27.1% | 2.6% | ||
| Q1 24 | 31.6% | -3.6% |
| Q4 25 | -1.1% | 5.3% | ||
| Q3 25 | -2.7% | -8.7% | ||
| Q2 25 | -0.2% | -7.5% | ||
| Q1 25 | 1.2% | -4.7% | ||
| Q4 24 | -3.5% | 5.4% | ||
| Q3 24 | 28.9% | 2.8% | ||
| Q2 24 | 21.1% | 3.2% | ||
| Q1 24 | 30.5% | -3.0% |
| Q4 25 | $-0.20 | $0.24 | ||
| Q3 25 | $-0.51 | $-0.34 | ||
| Q2 25 | $-0.03 | $-0.31 | ||
| Q1 25 | $0.19 | $-0.19 | ||
| Q4 24 | $-0.37 | $0.24 | ||
| Q3 24 | $4.63 | $0.11 | ||
| Q2 24 | $3.46 | $0.14 | ||
| Q1 24 | $4.93 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $813.0M | $671.0M |
| Total DebtLower is stronger | — | $620.0M |
| Stockholders' EquityBook value | $3.3B | $491.0M |
| Total Assets | $14.0B | $7.2B |
| Debt / EquityLower = less leverage | — | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $813.0M | $671.0M | ||
| Q3 25 | $749.0M | $566.0M | ||
| Q2 25 | $912.0M | $563.0M | ||
| Q1 25 | $1.8B | $686.0M | ||
| Q4 24 | $1.4B | $740.0M | ||
| Q3 24 | $1.1B | $576.0M | ||
| Q2 24 | $2.0B | $658.0M | ||
| Q1 24 | $794.0M | $622.0M |
| Q4 25 | — | $620.0M | ||
| Q3 25 | $6.0B | $673.0M | ||
| Q2 25 | $6.0B | $565.0M | ||
| Q1 25 | $4.3B | $512.0M | ||
| Q4 24 | $3.8B | $507.0M | ||
| Q3 24 | $3.1B | $474.0M | ||
| Q2 24 | $3.9B | $455.0M | ||
| Q1 24 | $3.1B | $469.0M |
| Q4 25 | $3.3B | $491.0M | ||
| Q3 25 | $3.5B | $434.0M | ||
| Q2 25 | $3.6B | $506.0M | ||
| Q1 25 | $3.5B | $570.0M | ||
| Q4 24 | $3.5B | $604.0M | ||
| Q3 24 | $3.7B | $549.0M | ||
| Q2 24 | $3.9B | $520.0M | ||
| Q1 24 | $3.7B | $484.0M |
| Q4 25 | $14.0B | $7.2B | ||
| Q3 25 | $15.7B | $6.7B | ||
| Q2 25 | $15.9B | $6.5B | ||
| Q1 25 | $14.0B | $6.5B | ||
| Q4 24 | $13.3B | $6.2B | ||
| Q3 24 | $11.9B | $5.8B | ||
| Q2 24 | $12.8B | $5.7B | ||
| Q1 24 | $11.7B | $5.2B |
| Q4 25 | — | 1.26× | ||
| Q3 25 | 1.73× | 1.55× | ||
| Q2 25 | 1.69× | 1.12× | ||
| Q1 25 | 1.25× | 0.90× | ||
| Q4 24 | 1.07× | 0.84× | ||
| Q3 24 | 0.85× | 0.86× | ||
| Q2 24 | 1.01× | 0.88× | ||
| Q1 24 | 0.84× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $313.0M | $-91.0M |
| Free Cash FlowOCF − Capex | $236.0M | $-113.0M |
| FCF MarginFCF / Revenue | 13.2% | -11.3% |
| Capex IntensityCapex / Revenue | 4.3% | 2.2% |
| Cash ConversionOCF / Net Profit | — | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $159.0M | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $313.0M | $-91.0M | ||
| Q3 25 | $-20.0M | $-215.0M | ||
| Q2 25 | $-67.0M | $-133.0M | ||
| Q1 25 | $153.0M | $-86.0M | ||
| Q4 24 | $235.0M | $87.0M | ||
| Q3 24 | $-21.0M | $-156.0M | ||
| Q2 24 | $177.0M | $9.0M | ||
| Q1 24 | $242.0M | $-22.0M |
| Q4 25 | $236.0M | $-113.0M | ||
| Q3 25 | $-89.0M | $-217.0M | ||
| Q2 25 | $-111.0M | $-166.0M | ||
| Q1 25 | $123.0M | $-104.0M | ||
| Q4 24 | $184.0M | $73.0M | ||
| Q3 24 | $-64.0M | $-170.0M | ||
| Q2 24 | $135.0M | $-22.0M | ||
| Q1 24 | $208.0M | $-39.0M |
| Q4 25 | 13.2% | -11.3% | ||
| Q3 25 | -5.0% | -24.5% | ||
| Q2 25 | -6.1% | -17.9% | ||
| Q1 25 | 7.2% | -11.4% | ||
| Q4 24 | 11.5% | 7.3% | ||
| Q3 24 | -3.9% | -18.2% | ||
| Q2 24 | 7.9% | -2.3% | ||
| Q1 24 | 12.1% | -4.5% |
| Q4 25 | 4.3% | 2.2% | ||
| Q3 25 | 3.9% | 0.2% | ||
| Q2 25 | 2.4% | 3.6% | ||
| Q1 25 | 1.7% | 2.0% | ||
| Q4 24 | 3.2% | 1.4% | ||
| Q3 24 | 2.6% | 1.5% | ||
| Q2 24 | 2.5% | 3.2% | ||
| Q1 24 | 2.0% | 2.0% |
| Q4 25 | — | -1.72× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 7.65× | — | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | -0.04× | -6.00× | ||
| Q2 24 | 0.49× | 0.29× | ||
| Q1 24 | 0.46× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
H
| Other | $627.0M | 35% |
| Rooms Revenue | $326.0M | 18% |
| Net Fees | $290.0M | 16% |
| Distribution Segment | $177.0M | 10% |
| Franchise And Other Fees | $114.0M | 6% |
| Base Management Fees | $112.0M | 6% |
| Incentive Management Fees | $81.0M | 5% |
| Other Owned And Leased Hotel Revenue | $41.0M | 2% |
| Contra Revenue | $17.0M | 1% |
| Other Revenues | $4.0M | 0% |
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% |
