vs
Side-by-side financial comparison of ON Semiconductor (ON) and Frontier Group Holdings, Inc. (ULCC). Click either name above to swap in a different company.
ON Semiconductor is the larger business by last-quarter revenue ($1.5B vs $997.0M, roughly 1.5× Frontier Group Holdings, Inc.). ON Semiconductor runs the higher net margin — 12.0% vs 5.3%, a 6.7% gap on every dollar of revenue. On growth, ON Semiconductor posted the faster year-over-year revenue change (4.7% vs -0.5%). ON Semiconductor produced more free cash flow last quarter ($217.2M vs $-113.0M). Over the past eight quarters, Frontier Group Holdings, Inc.'s revenue compounded faster (7.4% CAGR vs -9.9%).
Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...
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.
ON vs ULCC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $997.0M |
| Net Profit | $181.8M | $53.0M |
| Gross Margin | 38.5% | — |
| Operating Margin | 57.9% | 4.9% |
| Net Margin | 12.0% | 5.3% |
| Revenue YoY | 4.7% | -0.5% |
| Net Profit YoY | — | -1.9% |
| EPS (diluted) | $0.45 | $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 | $1.5B | — | ||
| Q4 25 | $1.6B | $997.0M | ||
| Q3 25 | $1.5B | $886.0M | ||
| Q2 25 | $1.4B | $929.0M | ||
| Q1 25 | — | $912.0M | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.8B | $935.0M | ||
| Q2 24 | $1.7B | $973.0M |
| Q1 26 | $181.8M | — | ||
| Q4 25 | $255.0M | $53.0M | ||
| Q3 25 | $170.3M | $-77.0M | ||
| Q2 25 | $-486.1M | $-70.0M | ||
| Q1 25 | — | $-43.0M | ||
| Q4 24 | $379.9M | $54.0M | ||
| Q3 24 | $401.7M | $26.0M | ||
| Q2 24 | $338.2M | $31.0M |
| Q1 26 | 38.5% | — | ||
| Q4 25 | 37.9% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 20.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 45.2% | — | ||
| Q3 24 | 45.4% | — | ||
| Q2 24 | 45.2% | — |
| Q1 26 | 57.9% | — | ||
| Q4 25 | 17.0% | 4.9% | ||
| Q3 25 | 13.2% | -8.7% | ||
| Q2 25 | -39.7% | -8.1% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | 23.7% | 4.5% | ||
| Q3 24 | 25.3% | 2.0% | ||
| Q2 24 | 22.4% | 2.6% |
| Q1 26 | 12.0% | — | ||
| Q4 25 | 16.4% | 5.3% | ||
| Q3 25 | 11.6% | -8.7% | ||
| Q2 25 | -33.6% | -7.5% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | 22.1% | 5.4% | ||
| Q3 24 | 22.8% | 2.8% | ||
| Q2 24 | 19.5% | 3.2% |
| Q1 26 | $0.45 | — | ||
| Q4 25 | $0.63 | $0.24 | ||
| Q3 25 | $0.41 | $-0.34 | ||
| Q2 25 | $-1.15 | $-0.31 | ||
| Q1 25 | — | $-0.19 | ||
| Q4 24 | $0.88 | $0.24 | ||
| Q3 24 | $0.93 | $0.11 | ||
| Q2 24 | $0.78 | $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 | $2.4B | $671.0M |
| Total DebtLower is stronger | $3.0B | $620.0M |
| Stockholders' EquityBook value | $7.3B | $491.0M |
| Total Assets | $12.0B | $7.2B |
| Debt / EquityLower = less leverage | 0.41× | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.9B | $671.0M | ||
| Q3 25 | $2.8B | $566.0M | ||
| Q2 25 | $3.0B | $563.0M | ||
| Q1 25 | — | $686.0M | ||
| Q4 24 | $3.0B | $740.0M | ||
| Q3 24 | $2.8B | $576.0M | ||
| Q2 24 | $2.7B | $658.0M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.4B | $620.0M | ||
| Q3 25 | $3.4B | $673.0M | ||
| Q2 25 | $3.4B | $565.0M | ||
| Q1 25 | — | $512.0M | ||
| Q4 24 | $3.4B | $507.0M | ||
| Q3 24 | $3.4B | $474.0M | ||
| Q2 24 | $3.4B | $455.0M |
| Q1 26 | $7.3B | — | ||
| Q4 25 | $7.9B | $491.0M | ||
| Q3 25 | $7.9B | $434.0M | ||
| Q2 25 | $8.0B | $506.0M | ||
| Q1 25 | — | $570.0M | ||
| Q4 24 | $8.8B | $604.0M | ||
| Q3 24 | $8.6B | $549.0M | ||
| Q2 24 | $8.3B | $520.0M |
| Q1 26 | $12.0B | — | ||
| Q4 25 | $13.0B | $7.2B | ||
| Q3 25 | $13.1B | $6.7B | ||
| Q2 25 | $13.3B | $6.5B | ||
| Q1 25 | — | $6.5B | ||
| Q4 24 | $14.1B | $6.2B | ||
| Q3 24 | $13.9B | $5.8B | ||
| Q2 24 | $13.7B | $5.7B |
| Q1 26 | 0.41× | — | ||
| Q4 25 | 0.43× | 1.26× | ||
| Q3 25 | 0.43× | 1.55× | ||
| Q2 25 | 0.42× | 1.12× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | 0.38× | 0.84× | ||
| Q3 24 | 0.39× | 0.86× | ||
| Q2 24 | 0.41× | 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 | $239.1M | $-91.0M |
| Free Cash FlowOCF − Capex | $217.2M | $-113.0M |
| FCF MarginFCF / Revenue | 14.4% | -11.3% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | 1.32× | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $239.1M | — | ||
| Q4 25 | $418.7M | $-91.0M | ||
| Q3 25 | $184.3M | $-215.0M | ||
| Q2 25 | $602.3M | $-133.0M | ||
| Q1 25 | — | $-86.0M | ||
| Q4 24 | $579.7M | $87.0M | ||
| Q3 24 | $465.8M | $-156.0M | ||
| Q2 24 | $362.2M | $9.0M |
| Q1 26 | $217.2M | — | ||
| Q4 25 | $372.4M | $-113.0M | ||
| Q3 25 | $106.1M | $-217.0M | ||
| Q2 25 | $454.7M | $-166.0M | ||
| Q1 25 | — | $-104.0M | ||
| Q4 24 | $434.8M | $73.0M | ||
| Q3 24 | $293.6M | $-170.0M | ||
| Q2 24 | $207.7M | $-22.0M |
| Q1 26 | 14.4% | — | ||
| Q4 25 | 24.0% | -11.3% | ||
| Q3 25 | 7.2% | -24.5% | ||
| Q2 25 | 31.5% | -17.9% | ||
| Q1 25 | — | -11.4% | ||
| Q4 24 | 25.2% | 7.3% | ||
| Q3 24 | 16.7% | -18.2% | ||
| Q2 24 | 12.0% | -2.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 2.2% | ||
| Q3 25 | 5.3% | 0.2% | ||
| Q2 25 | 10.2% | 3.6% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | 8.4% | 1.4% | ||
| Q3 24 | 9.8% | 1.5% | ||
| Q2 24 | 8.9% | 3.2% |
| Q1 26 | 1.32× | — | ||
| Q4 25 | 1.64× | -1.72× | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.53× | 1.61× | ||
| Q3 24 | 1.16× | -6.00× | ||
| Q2 24 | 1.07× | 0.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ON
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% |
