vs
Side-by-side financial comparison of SEALED AIR CORP (SEE) and Frontier Group Holdings, Inc. (ULCC). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $997.0M, roughly 1.4× Frontier Group Holdings, Inc.). Frontier Group Holdings, Inc. runs the higher net margin — 5.3% vs 3.1%, a 2.2% gap on every dollar of revenue. On growth, SEALED AIR CORP posted the faster year-over-year revenue change (2.6% vs -0.5%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $-113.0M). Over the past eight quarters, Frontier Group Holdings, Inc.'s revenue compounded faster (7.4% CAGR vs 2.7%).
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
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.
SEE vs ULCC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $997.0M |
| Net Profit | $43.8M | $53.0M |
| Gross Margin | 28.6% | — |
| Operating Margin | 11.4% | 4.9% |
| Net Margin | 3.1% | 5.3% |
| Revenue YoY | 2.6% | -0.5% |
| Net Profit YoY | 700.0% | -1.9% |
| EPS (diluted) | $0.30 | $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 | $1.4B | $997.0M | ||
| Q3 25 | $1.3B | $886.0M | ||
| Q2 25 | $1.3B | $929.0M | ||
| Q1 25 | $1.3B | $912.0M | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.3B | $935.0M | ||
| Q2 24 | $1.3B | $973.0M | ||
| Q1 24 | $1.3B | $865.0M |
| Q4 25 | $43.8M | $53.0M | ||
| Q3 25 | $255.1M | $-77.0M | ||
| Q2 25 | $93.1M | $-70.0M | ||
| Q1 25 | $113.5M | $-43.0M | ||
| Q4 24 | $-7.3M | $54.0M | ||
| Q3 24 | $91.7M | $26.0M | ||
| Q2 24 | $98.3M | $31.0M | ||
| Q1 24 | $82.0M | $-26.0M |
| Q4 25 | 28.6% | — | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 30.7% | — | ||
| Q1 25 | 30.9% | — | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 30.1% | — | ||
| Q2 24 | 31.2% | — | ||
| Q1 24 | 30.3% | — |
| Q4 25 | 11.4% | 4.9% | ||
| Q3 25 | 13.8% | -8.7% | ||
| Q2 25 | 15.0% | -8.1% | ||
| Q1 25 | 14.5% | -5.0% | ||
| Q4 24 | 11.7% | 4.5% | ||
| Q3 24 | 13.9% | 2.0% | ||
| Q2 24 | 15.4% | 2.6% | ||
| Q1 24 | 14.0% | -3.6% |
| Q4 25 | 3.1% | 5.3% | ||
| Q3 25 | 19.0% | -8.7% | ||
| Q2 25 | 7.0% | -7.5% | ||
| Q1 25 | 9.0% | -4.7% | ||
| Q4 24 | -0.5% | 5.4% | ||
| Q3 24 | 6.9% | 2.8% | ||
| Q2 24 | 7.4% | 3.2% | ||
| Q1 24 | 6.2% | -3.0% |
| Q4 25 | $0.30 | $0.24 | ||
| Q3 25 | $1.73 | $-0.34 | ||
| Q2 25 | $0.63 | $-0.31 | ||
| Q1 25 | $0.77 | $-0.19 | ||
| Q4 24 | $-0.05 | $0.24 | ||
| Q3 24 | $0.63 | $0.11 | ||
| Q2 24 | $0.67 | $0.14 | ||
| Q1 24 | $0.56 | $-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 | $344.0M | $671.0M |
| Total DebtLower is stronger | $3.3B | $620.0M |
| Stockholders' EquityBook value | $1.2B | $491.0M |
| Total Assets | $7.0B | $7.2B |
| Debt / EquityLower = less leverage | 2.65× | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $344.0M | $671.0M | ||
| Q3 25 | $282.5M | $566.0M | ||
| Q2 25 | $354.4M | $563.0M | ||
| Q1 25 | $335.2M | $686.0M | ||
| Q4 24 | $371.8M | $740.0M | ||
| Q3 24 | $386.0M | $576.0M | ||
| Q2 24 | $388.6M | $658.0M | ||
| Q1 24 | $352.8M | $622.0M |
| Q4 25 | $3.3B | $620.0M | ||
| Q3 25 | $4.0B | $673.0M | ||
| Q2 25 | $4.0B | $565.0M | ||
| Q1 25 | $4.2B | $512.0M | ||
| Q4 24 | $4.2B | $507.0M | ||
| Q3 24 | $4.3B | $474.0M | ||
| Q2 24 | $4.4B | $455.0M | ||
| Q1 24 | $4.5B | $469.0M |
| Q4 25 | $1.2B | $491.0M | ||
| Q3 25 | $1.2B | $434.0M | ||
| Q2 25 | $953.1M | $506.0M | ||
| Q1 25 | $797.9M | $570.0M | ||
| Q4 24 | $624.5M | $604.0M | ||
| Q3 24 | $771.2M | $549.0M | ||
| Q2 24 | $650.1M | $520.0M | ||
| Q1 24 | $598.3M | $484.0M |
| Q4 25 | $7.0B | $7.2B | ||
| Q3 25 | $7.1B | $6.7B | ||
| Q2 25 | $7.2B | $6.5B | ||
| Q1 25 | $7.0B | $6.5B | ||
| Q4 24 | $7.0B | $6.2B | ||
| Q3 24 | $7.3B | $5.8B | ||
| Q2 24 | $7.3B | $5.7B | ||
| Q1 24 | $7.2B | $5.2B |
| Q4 25 | 2.65× | 1.26× | ||
| Q3 25 | 3.34× | 1.55× | ||
| Q2 25 | 4.18× | 1.12× | ||
| Q1 25 | 5.26× | 0.90× | ||
| Q4 24 | 6.72× | 0.84× | ||
| Q3 24 | 5.62× | 0.86× | ||
| Q2 24 | 6.81× | 0.88× | ||
| Q1 24 | 7.49× | 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 | $293.6M | $-91.0M |
| Free Cash FlowOCF − Capex | $257.7M | $-113.0M |
| FCF MarginFCF / Revenue | 18.5% | -11.3% |
| Capex IntensityCapex / Revenue | 2.6% | 2.2% |
| Cash ConversionOCF / Net Profit | 6.70× | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $458.5M | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $293.6M | $-91.0M | ||
| Q3 25 | $165.9M | $-215.0M | ||
| Q2 25 | $136.6M | $-133.0M | ||
| Q1 25 | $31.9M | $-86.0M | ||
| Q4 24 | $244.2M | $87.0M | ||
| Q3 24 | $170.5M | $-156.0M | ||
| Q2 24 | $188.2M | $9.0M | ||
| Q1 24 | $125.1M | $-22.0M |
| Q4 25 | $257.7M | $-113.0M | ||
| Q3 25 | $119.6M | $-217.0M | ||
| Q2 25 | $93.2M | $-166.0M | ||
| Q1 25 | $-12.0M | $-104.0M | ||
| Q4 24 | $185.1M | $73.0M | ||
| Q3 24 | $115.2M | $-170.0M | ||
| Q2 24 | $129.5M | $-22.0M | ||
| Q1 24 | $78.0M | $-39.0M |
| Q4 25 | 18.5% | -11.3% | ||
| Q3 25 | 8.9% | -24.5% | ||
| Q2 25 | 7.0% | -17.9% | ||
| Q1 25 | -0.9% | -11.4% | ||
| Q4 24 | 13.6% | 7.3% | ||
| Q3 24 | 8.6% | -18.2% | ||
| Q2 24 | 9.7% | -2.3% | ||
| Q1 24 | 5.9% | -4.5% |
| Q4 25 | 2.6% | 2.2% | ||
| Q3 25 | 3.4% | 0.2% | ||
| Q2 25 | 3.3% | 3.6% | ||
| Q1 25 | 3.5% | 2.0% | ||
| Q4 24 | 4.4% | 1.4% | ||
| Q3 24 | 4.1% | 1.5% | ||
| Q2 24 | 4.4% | 3.2% | ||
| Q1 24 | 3.6% | 2.0% |
| Q4 25 | 6.70× | -1.72× | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 1.47× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | 1.86× | -6.00× | ||
| Q2 24 | 1.91× | 0.29× | ||
| Q1 24 | 1.53× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 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% |
