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Side-by-side financial comparison of Primerica, Inc. (PRI) 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 $853.7M, roughly 1.2× Primerica, Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs 5.3%, a 17.8% gap on every dollar of revenue. On growth, Primerica, Inc. posted the faster year-over-year revenue change (11.0% vs -0.5%). Over the past eight quarters, Frontier Group Holdings, Inc.'s revenue compounded faster (7.4% CAGR vs 7.2%).
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
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.
PRI vs ULCC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $853.7M | $997.0M |
| Net Profit | $197.0M | $53.0M |
| Gross Margin | — | — |
| Operating Margin | 28.9% | 4.9% |
| Net Margin | 23.1% | 5.3% |
| Revenue YoY | 11.0% | -0.5% |
| Net Profit YoY | 17.9% | -1.9% |
| EPS (diluted) | $6.11 | $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 | $853.7M | $997.0M | ||
| Q3 25 | $839.9M | $886.0M | ||
| Q2 25 | $793.3M | $929.0M | ||
| Q1 25 | $804.8M | $912.0M | ||
| Q4 24 | $768.8M | $1.0B | ||
| Q3 24 | $774.1M | $935.0M | ||
| Q2 24 | $803.4M | $973.0M | ||
| Q1 24 | $742.8M | $865.0M |
| Q4 25 | $197.0M | $53.0M | ||
| Q3 25 | $206.8M | $-77.0M | ||
| Q2 25 | $178.3M | $-70.0M | ||
| Q1 25 | $169.1M | $-43.0M | ||
| Q4 24 | $167.1M | $54.0M | ||
| Q3 24 | $164.4M | $26.0M | ||
| Q2 24 | $1.2M | $31.0M | ||
| Q1 24 | $137.9M | $-26.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 98.0% | — | ||
| Q1 24 | 98.2% | — |
| Q4 25 | 28.9% | 4.9% | ||
| Q3 25 | 32.3% | -8.7% | ||
| Q2 25 | 29.6% | -8.1% | ||
| Q1 25 | 27.5% | -5.0% | ||
| Q4 24 | 64.7% | 4.5% | ||
| Q3 24 | 32.9% | 2.0% | ||
| Q2 24 | 1.0% | 2.6% | ||
| Q1 24 | 24.1% | -3.6% |
| Q4 25 | 23.1% | 5.3% | ||
| Q3 25 | 24.6% | -8.7% | ||
| Q2 25 | 22.5% | -7.5% | ||
| Q1 25 | 21.0% | -4.7% | ||
| Q4 24 | 21.7% | 5.4% | ||
| Q3 24 | 21.2% | 2.8% | ||
| Q2 24 | 0.1% | 3.2% | ||
| Q1 24 | 18.6% | -3.0% |
| Q4 25 | $6.11 | $0.24 | ||
| Q3 25 | $6.35 | $-0.34 | ||
| Q2 25 | $5.40 | $-0.31 | ||
| Q1 25 | $5.05 | $-0.19 | ||
| Q4 24 | $4.92 | $0.24 | ||
| Q3 24 | $4.83 | $0.11 | ||
| Q2 24 | $0.03 | $0.14 | ||
| Q1 24 | $3.93 | $-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 | $756.2M | $671.0M |
| Total DebtLower is stronger | — | $620.0M |
| Stockholders' EquityBook value | $2.4B | $491.0M |
| Total Assets | $15.0B | $7.2B |
| Debt / EquityLower = less leverage | — | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $756.2M | $671.0M | ||
| Q3 25 | $644.9M | $566.0M | ||
| Q2 25 | $621.2M | $563.0M | ||
| Q1 25 | $625.1M | $686.0M | ||
| Q4 24 | $687.8M | $740.0M | ||
| Q3 24 | $550.1M | $576.0M | ||
| Q2 24 | $627.3M | $658.0M | ||
| Q1 24 | $593.4M | $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 | $2.4B | $491.0M | ||
| Q3 25 | $2.3B | $434.0M | ||
| Q2 25 | $2.3B | $506.0M | ||
| Q1 25 | $2.3B | $570.0M | ||
| Q4 24 | $2.3B | $604.0M | ||
| Q3 24 | $1.9B | $549.0M | ||
| Q2 24 | $2.1B | $520.0M | ||
| Q1 24 | $2.2B | $484.0M |
| Q4 25 | $15.0B | $7.2B | ||
| Q3 25 | $14.8B | $6.7B | ||
| Q2 25 | $14.8B | $6.5B | ||
| Q1 25 | $14.6B | $6.5B | ||
| Q4 24 | $14.6B | $6.2B | ||
| Q3 24 | $14.8B | $5.8B | ||
| Q2 24 | $14.6B | $5.7B | ||
| Q1 24 | $14.9B | $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 | $338.2M | $-91.0M |
| Free Cash FlowOCF − Capex | — | $-113.0M |
| FCF MarginFCF / Revenue | — | -11.3% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | 1.72× | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.2M | $-91.0M | ||
| Q3 25 | $202.9M | $-215.0M | ||
| Q2 25 | $162.6M | $-133.0M | ||
| Q1 25 | $197.5M | $-86.0M | ||
| Q4 24 | $270.6M | $87.0M | ||
| Q3 24 | $207.3M | $-156.0M | ||
| Q2 24 | $173.3M | $9.0M | ||
| Q1 24 | $210.9M | $-22.0M |
| 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 |
| 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% |
| 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% |
| Q4 25 | 1.72× | -1.72× | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 1.62× | 1.61× | ||
| Q3 24 | 1.26× | -6.00× | ||
| Q2 24 | 147.98× | 0.29× | ||
| Q1 24 | 1.53× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
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% |
