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Side-by-side financial comparison of Loews Corporation (L) 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 $827.0M, roughly 1.2× Loews Corporation). Loews Corporation runs the higher net margin — 48.6% vs 5.3%, a 43.3% gap on every dollar of revenue. On growth, Loews Corporation posted the faster year-over-year revenue change (4.8% vs -0.5%). Loews Corporation produced more free cash flow last quarter ($426.0M vs $-113.0M). Over the past eight quarters, Loews Corporation's revenue compounded faster (7.9% CAGR vs 7.4%).

Loews Corporation is a diversified US-based conglomerate that operates across multiple key industry segments through its subsidiaries. Its core business lines include property and casualty insurance, natural gas pipeline transportation, hospitality services, and upstream oil and gas exploration and production, primarily serving commercial, consumer and industrial clients across North American markets.

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.

L vs ULCC — Head-to-Head

Bigger by revenue
ULCC
ULCC
1.2× larger
ULCC
$997.0M
$827.0M
L
Growing faster (revenue YoY)
L
L
+5.3% gap
L
4.8%
-0.5%
ULCC
Higher net margin
L
L
43.3% more per $
L
48.6%
5.3%
ULCC
More free cash flow
L
L
$539.0M more FCF
L
$426.0M
$-113.0M
ULCC
Faster 2-yr revenue CAGR
L
L
Annualised
L
7.9%
7.4%
ULCC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
L
L
ULCC
ULCC
Revenue
$827.0M
$997.0M
Net Profit
$402.0M
$53.0M
Gross Margin
Operating Margin
65.4%
4.9%
Net Margin
48.6%
5.3%
Revenue YoY
4.8%
-0.5%
Net Profit YoY
115.0%
-1.9%
EPS (diluted)
$1.93
$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
L
L
ULCC
ULCC
Q4 25
$827.0M
$997.0M
Q3 25
$732.0M
$886.0M
Q2 25
$769.0M
$929.0M
Q1 25
$846.0M
$912.0M
Q4 24
$789.0M
$1.0B
Q3 24
$683.0M
$935.0M
Q2 24
$711.0M
$973.0M
Q1 24
$710.0M
$865.0M
Net Profit
L
L
ULCC
ULCC
Q4 25
$402.0M
$53.0M
Q3 25
$504.0M
$-77.0M
Q2 25
$391.0M
$-70.0M
Q1 25
$370.0M
$-43.0M
Q4 24
$187.0M
$54.0M
Q3 24
$401.0M
$26.0M
Q2 24
$369.0M
$31.0M
Q1 24
$457.0M
$-26.0M
Operating Margin
L
L
ULCC
ULCC
Q4 25
65.4%
4.9%
Q3 25
94.1%
-8.7%
Q2 25
70.1%
-8.1%
Q1 25
60.8%
-5.0%
Q4 24
23.8%
4.5%
Q3 24
80.5%
2.0%
Q2 24
71.3%
2.6%
Q1 24
88.6%
-3.6%
Net Margin
L
L
ULCC
ULCC
Q4 25
48.6%
5.3%
Q3 25
68.9%
-8.7%
Q2 25
50.8%
-7.5%
Q1 25
43.7%
-4.7%
Q4 24
23.7%
5.4%
Q3 24
58.7%
2.8%
Q2 24
51.9%
3.2%
Q1 24
64.4%
-3.0%
EPS (diluted)
L
L
ULCC
ULCC
Q4 25
$1.93
$0.24
Q3 25
$2.43
$-0.34
Q2 25
$1.87
$-0.31
Q1 25
$1.74
$-0.19
Q4 24
$0.87
$0.24
Q3 24
$1.82
$0.11
Q2 24
$1.67
$0.14
Q1 24
$2.05
$-0.12

Balance Sheet & Financial Strength

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

Metric
L
L
ULCC
ULCC
Cash + ST InvestmentsLiquidity on hand
$6.0B
$671.0M
Total DebtLower is stronger
$8.4B
$620.0M
Stockholders' EquityBook value
$18.7B
$491.0M
Total Assets
$86.3B
$7.2B
Debt / EquityLower = less leverage
0.45×
1.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
L
L
ULCC
ULCC
Q4 25
$6.0B
$671.0M
Q3 25
$5.4B
$566.0M
Q2 25
$4.5B
$563.0M
Q1 25
$4.4B
$686.0M
Q4 24
$4.6B
$740.0M
Q3 24
$5.2B
$576.0M
Q2 24
$4.9B
$658.0M
Q1 24
$5.4B
$622.0M
Total Debt
L
L
ULCC
ULCC
Q4 25
$8.4B
$620.0M
Q3 25
$8.4B
$673.0M
Q2 25
$7.9B
$565.0M
Q1 25
$8.4B
$512.0M
Q4 24
$8.9B
$507.0M
Q3 24
$8.8B
$474.0M
Q2 24
$8.6B
$455.0M
Q1 24
$8.4B
$469.0M
Stockholders' Equity
L
L
ULCC
ULCC
Q4 25
$18.7B
$491.0M
Q3 25
$18.3B
$434.0M
Q2 25
$17.5B
$506.0M
Q1 25
$17.2B
$570.0M
Q4 24
$17.1B
$604.0M
Q3 24
$17.4B
$549.0M
Q2 24
$16.4B
$520.0M
Q1 24
$16.2B
$484.0M
Total Assets
L
L
ULCC
ULCC
Q4 25
$86.3B
$7.2B
Q3 25
$85.9B
$6.7B
Q2 25
$84.7B
$6.5B
Q1 25
$83.1B
$6.5B
Q4 24
$81.9B
$6.2B
Q3 24
$83.6B
$5.8B
Q2 24
$81.1B
$5.7B
Q1 24
$80.9B
$5.2B
Debt / Equity
L
L
ULCC
ULCC
Q4 25
0.45×
1.26×
Q3 25
0.46×
1.55×
Q2 25
0.45×
1.12×
Q1 25
0.49×
0.90×
Q4 24
0.52×
0.84×
Q3 24
0.51×
0.86×
Q2 24
0.52×
0.88×
Q1 24
0.52×
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
L
L
ULCC
ULCC
Operating Cash FlowLast quarter
$617.0M
$-91.0M
Free Cash FlowOCF − Capex
$426.0M
$-113.0M
FCF MarginFCF / Revenue
51.5%
-11.3%
Capex IntensityCapex / Revenue
23.1%
2.2%
Cash ConversionOCF / Net Profit
1.53×
-1.72×
TTM Free Cash FlowTrailing 4 quarters
$2.7B
$-600.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
L
L
ULCC
ULCC
Q4 25
$617.0M
$-91.0M
Q3 25
$920.0M
$-215.0M
Q2 25
$1.0B
$-133.0M
Q1 25
$736.0M
$-86.0M
Q4 24
$941.0M
$87.0M
Q3 24
$934.0M
$-156.0M
Q2 24
$952.0M
$9.0M
Q1 24
$198.0M
$-22.0M
Free Cash Flow
L
L
ULCC
ULCC
Q4 25
$426.0M
$-113.0M
Q3 25
$764.0M
$-217.0M
Q2 25
$872.0M
$-166.0M
Q1 25
$638.0M
$-104.0M
Q4 24
$767.0M
$73.0M
Q3 24
$794.0M
$-170.0M
Q2 24
$793.0M
$-22.0M
Q1 24
$39.0M
$-39.0M
FCF Margin
L
L
ULCC
ULCC
Q4 25
51.5%
-11.3%
Q3 25
104.4%
-24.5%
Q2 25
113.4%
-17.9%
Q1 25
75.4%
-11.4%
Q4 24
97.2%
7.3%
Q3 24
116.3%
-18.2%
Q2 24
111.5%
-2.3%
Q1 24
5.5%
-4.5%
Capex Intensity
L
L
ULCC
ULCC
Q4 25
23.1%
2.2%
Q3 25
21.3%
0.2%
Q2 25
17.4%
3.6%
Q1 25
11.6%
2.0%
Q4 24
22.1%
1.4%
Q3 24
20.5%
1.5%
Q2 24
22.4%
3.2%
Q1 24
22.4%
2.0%
Cash Conversion
L
L
ULCC
ULCC
Q4 25
1.53×
-1.72×
Q3 25
1.83×
Q2 25
2.57×
Q1 25
1.99×
Q4 24
5.03×
1.61×
Q3 24
2.33×
-6.00×
Q2 24
2.58×
0.29×
Q1 24
0.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

L
L

Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services$601.0M73%
Lodging And Related Services$226.0M27%

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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