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Side-by-side financial comparison of Permian Resources Corp (PR) and Frontier Group Holdings, Inc. (ULCC). Click either name above to swap in a different company.

Permian Resources Corp is the larger business by last-quarter revenue ($1.2B vs $997.0M, roughly 1.2× Frontier Group Holdings, Inc.). Permian Resources Corp runs the higher net margin — 29.0% vs 5.3%, a 23.7% gap on every dollar of revenue. On growth, Frontier Group Holdings, Inc. posted the faster year-over-year revenue change (-0.5% vs -9.8%). Over the past eight quarters, Frontier Group Holdings, Inc.'s revenue compounded faster (7.4% CAGR vs -3.0%).

Pioneer Natural Resources Company, headquartered in Irving, Texas, was a company engaged in hydrocarbon exploration. It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. In May 2024, the company was acquired by ExxonMobil.

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.

PR vs ULCC — Head-to-Head

Bigger by revenue
PR
PR
1.2× larger
PR
$1.2B
$997.0M
ULCC
Growing faster (revenue YoY)
ULCC
ULCC
+9.3% gap
ULCC
-0.5%
-9.8%
PR
Higher net margin
PR
PR
23.7% more per $
PR
29.0%
5.3%
ULCC
Faster 2-yr revenue CAGR
ULCC
ULCC
Annualised
ULCC
7.4%
-3.0%
PR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PR
PR
ULCC
ULCC
Revenue
$1.2B
$997.0M
Net Profit
$339.5M
$53.0M
Gross Margin
Operating Margin
23.1%
4.9%
Net Margin
29.0%
5.3%
Revenue YoY
-9.8%
-0.5%
Net Profit YoY
56.7%
-1.9%
EPS (diluted)
$0.48
$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
PR
PR
ULCC
ULCC
Q4 25
$1.2B
$997.0M
Q3 25
$1.3B
$886.0M
Q2 25
$1.2B
$929.0M
Q1 25
$1.4B
$912.0M
Q4 24
$1.3B
$1.0B
Q3 24
$1.2B
$935.0M
Q2 24
$1.2B
$973.0M
Q1 24
$1.2B
$865.0M
Net Profit
PR
PR
ULCC
ULCC
Q4 25
$339.5M
$53.0M
Q3 25
$59.2M
$-77.0M
Q2 25
$207.1M
$-70.0M
Q1 25
$329.3M
$-43.0M
Q4 24
$216.7M
$54.0M
Q3 24
$386.4M
$26.0M
Q2 24
$235.1M
$31.0M
Q1 24
$146.6M
$-26.0M
Operating Margin
PR
PR
ULCC
ULCC
Q4 25
23.1%
4.9%
Q3 25
29.6%
-8.7%
Q2 25
24.8%
-8.1%
Q1 25
36.6%
-5.0%
Q4 24
32.8%
4.5%
Q3 24
32.5%
2.0%
Q2 24
36.5%
2.6%
Q1 24
37.7%
-3.6%
Net Margin
PR
PR
ULCC
ULCC
Q4 25
29.0%
5.3%
Q3 25
4.5%
-8.7%
Q2 25
17.3%
-7.5%
Q1 25
23.9%
-4.7%
Q4 24
16.7%
5.4%
Q3 24
31.8%
2.8%
Q2 24
18.9%
3.2%
Q1 24
11.8%
-3.0%
EPS (diluted)
PR
PR
ULCC
ULCC
Q4 25
$0.48
$0.24
Q3 25
$0.08
$-0.34
Q2 25
$0.28
$-0.31
Q1 25
$0.44
$-0.19
Q4 24
$0.31
$0.24
Q3 24
$0.53
$0.11
Q2 24
$0.36
$0.14
Q1 24
$0.25
$-0.12

Balance Sheet & Financial Strength

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

Metric
PR
PR
ULCC
ULCC
Cash + ST InvestmentsLiquidity on hand
$153.7M
$671.0M
Total DebtLower is stronger
$3.5B
$620.0M
Stockholders' EquityBook value
$10.3B
$491.0M
Total Assets
$17.9B
$7.2B
Debt / EquityLower = less leverage
0.34×
1.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PR
PR
ULCC
ULCC
Q4 25
$153.7M
$671.0M
Q3 25
$111.8M
$566.0M
Q2 25
$451.0M
$563.0M
Q1 25
$702.2M
$686.0M
Q4 24
$479.3M
$740.0M
Q3 24
$272.0M
$576.0M
Q2 24
$47.8M
$658.0M
Q1 24
$12.7M
$622.0M
Total Debt
PR
PR
ULCC
ULCC
Q4 25
$3.5B
$620.0M
Q3 25
$3.5B
$673.0M
Q2 25
$4.0B
$565.0M
Q1 25
$4.0B
$512.0M
Q4 24
$4.2B
$507.0M
Q3 24
$4.2B
$474.0M
Q2 24
$3.9B
$455.0M
Q1 24
$3.9B
$469.0M
Stockholders' Equity
PR
PR
ULCC
ULCC
Q4 25
$10.3B
$491.0M
Q3 25
$10.0B
$434.0M
Q2 25
$9.5B
$506.0M
Q1 25
$9.4B
$570.0M
Q4 24
$9.1B
$604.0M
Q3 24
$9.0B
$549.0M
Q2 24
$8.3B
$520.0M
Q1 24
$7.0B
$484.0M
Total Assets
PR
PR
ULCC
ULCC
Q4 25
$17.9B
$7.2B
Q3 25
$17.3B
$6.7B
Q2 25
$17.5B
$6.5B
Q1 25
$17.1B
$6.5B
Q4 24
$16.9B
$6.2B
Q3 24
$16.6B
$5.8B
Q2 24
$15.4B
$5.7B
Q1 24
$15.1B
$5.2B
Debt / Equity
PR
PR
ULCC
ULCC
Q4 25
0.34×
1.26×
Q3 25
0.35×
1.55×
Q2 25
0.42×
1.12×
Q1 25
0.43×
0.90×
Q4 24
0.46×
0.84×
Q3 24
0.47×
0.86×
Q2 24
0.46×
0.88×
Q1 24
0.56×
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
PR
PR
ULCC
ULCC
Operating Cash FlowLast quarter
$904.3M
$-91.0M
Free Cash FlowOCF − Capex
$-113.0M
FCF MarginFCF / Revenue
-11.3%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
2.66×
-1.72×
TTM Free Cash FlowTrailing 4 quarters
$-600.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PR
PR
ULCC
ULCC
Q4 25
$904.3M
$-91.0M
Q3 25
$766.5M
$-215.0M
Q2 25
$1.0B
$-133.0M
Q1 25
$898.0M
$-86.0M
Q4 24
$871.6M
$87.0M
Q3 24
$954.4M
$-156.0M
Q2 24
$938.4M
$9.0M
Q1 24
$647.6M
$-22.0M
Free Cash Flow
PR
PR
ULCC
ULCC
Q4 25
$-113.0M
Q3 25
$-217.0M
Q2 25
$-166.0M
Q1 25
$-104.0M
Q4 24
$73.0M
Q3 24
$-170.0M
Q2 24
$-22.0M
Q1 24
$-39.0M
FCF Margin
PR
PR
ULCC
ULCC
Q4 25
-11.3%
Q3 25
-24.5%
Q2 25
-17.9%
Q1 25
-11.4%
Q4 24
7.3%
Q3 24
-18.2%
Q2 24
-2.3%
Q1 24
-4.5%
Capex Intensity
PR
PR
ULCC
ULCC
Q4 25
2.2%
Q3 25
0.2%
Q2 25
3.6%
Q1 25
2.0%
Q4 24
1.4%
Q3 24
1.5%
Q2 24
3.2%
Q1 24
2.0%
Cash Conversion
PR
PR
ULCC
ULCC
Q4 25
2.66×
-1.72×
Q3 25
12.94×
Q2 25
5.01×
Q1 25
2.73×
Q4 24
4.02×
1.61×
Q3 24
2.47×
-6.00×
Q2 24
3.99×
0.29×
Q1 24
4.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PR
PR

Crude Oil$1.0B87%
Natural Gas Liquids Reserves$145.1M12%

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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