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Side-by-side financial comparison of Nextpower Inc. (NXT) 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 $909.4M, roughly 1.1× Nextpower Inc.). Nextpower Inc. runs the higher net margin — 14.4% vs 5.3%, a 9.1% gap on every dollar of revenue. On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs -0.5%). Nextpower Inc. produced more free cash flow last quarter ($118.5M vs $-113.0M). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% CAGR vs 7.4%).
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
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.
NXT vs ULCC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $909.4M | $997.0M |
| Net Profit | $131.2M | $53.0M |
| Gross Margin | 31.7% | — |
| Operating Margin | 19.4% | 4.9% |
| Net Margin | 14.4% | 5.3% |
| Revenue YoY | 33.9% | -0.5% |
| Net Profit YoY | 13.8% | -1.9% |
| EPS (diluted) | $0.85 | $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 | $909.4M | $997.0M | ||
| Q3 25 | $905.3M | $886.0M | ||
| Q2 25 | $864.3M | $929.0M | ||
| Q1 25 | $924.3M | $912.0M | ||
| Q4 24 | $679.4M | $1.0B | ||
| Q3 24 | $635.6M | $935.0M | ||
| Q2 24 | $719.9M | $973.0M | ||
| Q1 24 | $736.5M | $865.0M |
| Q4 25 | $131.2M | $53.0M | ||
| Q3 25 | $146.9M | $-77.0M | ||
| Q2 25 | $157.2M | $-70.0M | ||
| Q1 25 | $156.8M | $-43.0M | ||
| Q4 24 | $115.3M | $54.0M | ||
| Q3 24 | $115.4M | $26.0M | ||
| Q2 24 | $121.7M | $31.0M | ||
| Q1 24 | $205.2M | $-26.0M |
| Q4 25 | 31.7% | — | ||
| Q3 25 | 32.4% | — | ||
| Q2 25 | 32.6% | — | ||
| Q1 25 | 33.1% | — | ||
| Q4 24 | 35.5% | — | ||
| Q3 24 | 35.4% | — | ||
| Q2 24 | 33.0% | — | ||
| Q1 24 | 46.2% | — |
| Q4 25 | 19.4% | 4.9% | ||
| Q3 25 | 20.0% | -8.7% | ||
| Q2 25 | 21.5% | -8.1% | ||
| Q1 25 | 21.1% | -5.0% | ||
| Q4 24 | 22.1% | 4.5% | ||
| Q3 24 | 21.0% | 2.0% | ||
| Q2 24 | 22.2% | 2.6% | ||
| Q1 24 | 36.8% | -3.6% |
| Q4 25 | 14.4% | 5.3% | ||
| Q3 25 | 16.2% | -8.7% | ||
| Q2 25 | 18.2% | -7.5% | ||
| Q1 25 | 17.0% | -4.7% | ||
| Q4 24 | 17.0% | 5.4% | ||
| Q3 24 | 18.2% | 2.8% | ||
| Q2 24 | 16.9% | 3.2% | ||
| Q1 24 | 27.9% | -3.0% |
| Q4 25 | $0.85 | $0.24 | ||
| Q3 25 | $0.97 | $-0.34 | ||
| Q2 25 | $1.04 | $-0.31 | ||
| Q1 25 | $1.05 | $-0.19 | ||
| Q4 24 | $0.79 | $0.24 | ||
| Q3 24 | $0.79 | $0.11 | ||
| Q2 24 | $0.84 | $0.14 | ||
| Q1 24 | $1.52 | $-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 | $952.6M | $671.0M |
| Total DebtLower is stronger | — | $620.0M |
| Stockholders' EquityBook value | $2.2B | $491.0M |
| Total Assets | $3.8B | $7.2B |
| Debt / EquityLower = less leverage | — | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $952.6M | $671.0M | ||
| Q3 25 | $845.3M | $566.0M | ||
| Q2 25 | $743.4M | $563.0M | ||
| Q1 25 | $766.1M | $686.0M | ||
| Q4 24 | $693.5M | $740.0M | ||
| Q3 24 | $561.9M | $576.0M | ||
| Q2 24 | $471.9M | $658.0M | ||
| Q1 24 | $474.1M | $622.0M |
| 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 24 | — | $469.0M |
| Q4 25 | $2.2B | $491.0M | ||
| Q3 25 | $2.0B | $434.0M | ||
| Q2 25 | $1.8B | $506.0M | ||
| Q1 25 | $1.6B | $570.0M | ||
| Q4 24 | $1.4B | $604.0M | ||
| Q3 24 | $1.3B | $549.0M | ||
| Q2 24 | $1.1B | $520.0M | ||
| Q1 24 | $961.0M | $484.0M |
| Q4 25 | $3.8B | $7.2B | ||
| Q3 25 | $3.7B | $6.7B | ||
| Q2 25 | $3.4B | $6.5B | ||
| Q1 25 | $3.2B | $6.5B | ||
| Q4 24 | $3.0B | $6.2B | ||
| Q3 24 | $2.8B | $5.8B | ||
| Q2 24 | $2.6B | $5.7B | ||
| Q1 24 | $2.5B | $5.2B |
| 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× | ||
| Q1 24 | — | 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 | $123.3M | $-91.0M |
| Free Cash FlowOCF − Capex | $118.5M | $-113.0M |
| FCF MarginFCF / Revenue | 13.0% | -11.3% |
| Capex IntensityCapex / Revenue | 0.5% | 2.2% |
| Cash ConversionOCF / Net Profit | 0.94× | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $587.3M | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $123.3M | $-91.0M | ||
| Q3 25 | $186.9M | $-215.0M | ||
| Q2 25 | $81.3M | $-133.0M | ||
| Q1 25 | $237.3M | $-86.0M | ||
| Q4 24 | $143.8M | $87.0M | ||
| Q3 24 | $153.8M | $-156.0M | ||
| Q2 24 | $120.8M | $9.0M | ||
| Q1 24 | $111.5M | $-22.0M |
| Q4 25 | $118.5M | $-113.0M | ||
| Q3 25 | $171.4M | $-217.0M | ||
| Q2 25 | $70.1M | $-166.0M | ||
| Q1 25 | $227.2M | $-104.0M | ||
| Q4 24 | $134.9M | $73.0M | ||
| Q3 24 | $141.8M | $-170.0M | ||
| Q2 24 | $118.0M | $-22.0M | ||
| Q1 24 | $109.2M | $-39.0M |
| Q4 25 | 13.0% | -11.3% | ||
| Q3 25 | 18.9% | -24.5% | ||
| Q2 25 | 8.1% | -17.9% | ||
| Q1 25 | 24.6% | -11.4% | ||
| Q4 24 | 19.9% | 7.3% | ||
| Q3 24 | 22.3% | -18.2% | ||
| Q2 24 | 16.4% | -2.3% | ||
| Q1 24 | 14.8% | -4.5% |
| Q4 25 | 0.5% | 2.2% | ||
| Q3 25 | 1.7% | 0.2% | ||
| Q2 25 | 1.3% | 3.6% | ||
| Q1 25 | 1.1% | 2.0% | ||
| Q4 24 | 1.3% | 1.4% | ||
| Q3 24 | 1.9% | 1.5% | ||
| Q2 24 | 0.4% | 3.2% | ||
| Q1 24 | 0.3% | 2.0% |
| Q4 25 | 0.94× | -1.72× | ||
| Q3 25 | 1.27× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 1.25× | 1.61× | ||
| Q3 24 | 1.33× | -6.00× | ||
| Q2 24 | 0.99× | 0.29× | ||
| Q1 24 | 0.54× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
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% |
