vs
Side-by-side financial comparison of SM Energy Co (SM) 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 $704.9M, roughly 1.4× SM Energy Co). On growth, Frontier Group Holdings, Inc. posted the faster year-over-year revenue change (-0.5% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs 7.4%).
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
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.
SM vs ULCC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $704.9M | $997.0M |
| Net Profit | — | $53.0M |
| Gross Margin | — | — |
| Operating Margin | 25.9% | 4.9% |
| Net Margin | — | 5.3% |
| Revenue YoY | -17.3% | -0.5% |
| Net Profit YoY | — | -1.9% |
| EPS (diluted) | $0.94 | $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 | $704.9M | $997.0M | ||
| Q3 25 | $811.6M | $886.0M | ||
| Q2 25 | $792.9M | $929.0M | ||
| Q1 25 | $844.5M | $912.0M | ||
| Q4 24 | $852.0M | $1.0B | ||
| Q3 24 | $643.6M | $935.0M | ||
| Q2 24 | $634.6M | $973.0M | ||
| Q1 24 | $559.9M | $865.0M |
| Q4 25 | — | $53.0M | ||
| Q3 25 | $155.1M | $-77.0M | ||
| Q2 25 | $201.7M | $-70.0M | ||
| Q1 25 | $182.3M | $-43.0M | ||
| Q4 24 | — | $54.0M | ||
| Q3 24 | $240.5M | $26.0M | ||
| Q2 24 | $210.3M | $31.0M | ||
| Q1 24 | $131.2M | $-26.0M |
| Q4 25 | 25.9% | 4.9% | ||
| Q3 25 | 30.4% | -8.7% | ||
| Q2 25 | 37.2% | -8.1% | ||
| Q1 25 | 32.7% | -5.0% | ||
| Q4 24 | 33.7% | 4.5% | ||
| Q3 24 | 51.4% | 2.0% | ||
| Q2 24 | 44.0% | 2.6% | ||
| Q1 24 | 31.9% | -3.6% |
| Q4 25 | — | 5.3% | ||
| Q3 25 | 19.1% | -8.7% | ||
| Q2 25 | 25.4% | -7.5% | ||
| Q1 25 | 21.6% | -4.7% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | 37.4% | 2.8% | ||
| Q2 24 | 33.1% | 3.2% | ||
| Q1 24 | 23.4% | -3.0% |
| Q4 25 | $0.94 | $0.24 | ||
| Q3 25 | $1.35 | $-0.34 | ||
| Q2 25 | $1.76 | $-0.31 | ||
| Q1 25 | $1.59 | $-0.19 | ||
| Q4 24 | $1.63 | $0.24 | ||
| Q3 24 | $2.09 | $0.11 | ||
| Q2 24 | $1.82 | $0.14 | ||
| Q1 24 | $1.13 | $-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 | $368.0M | $671.0M |
| Total DebtLower is stronger | — | $620.0M |
| Stockholders' EquityBook value | $4.8B | $491.0M |
| Total Assets | $9.3B | $7.2B |
| Debt / EquityLower = less leverage | — | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $368.0M | $671.0M | ||
| Q3 25 | $162.3M | $566.0M | ||
| Q2 25 | $101.9M | $563.0M | ||
| Q1 25 | $54.0K | $686.0M | ||
| Q4 24 | — | $740.0M | ||
| Q3 24 | $1.7B | $576.0M | ||
| Q2 24 | $487.9M | $658.0M | ||
| Q1 24 | $506.3M | $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 | $4.8B | $491.0M | ||
| Q3 25 | $4.7B | $434.0M | ||
| Q2 25 | $4.6B | $506.0M | ||
| Q1 25 | $4.4B | $570.0M | ||
| Q4 24 | $4.2B | $604.0M | ||
| Q3 24 | $4.1B | $549.0M | ||
| Q2 24 | $3.8B | $520.0M | ||
| Q1 24 | $3.7B | $484.0M |
| Q4 25 | $9.3B | $7.2B | ||
| Q3 25 | $9.1B | $6.7B | ||
| Q2 25 | $9.0B | $6.5B | ||
| Q1 25 | $8.8B | $6.5B | ||
| Q4 24 | $8.6B | $6.2B | ||
| Q3 24 | $8.0B | $5.8B | ||
| Q2 24 | $6.7B | $5.7B | ||
| Q1 24 | $6.4B | $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 | $451.9M | $-91.0M |
| Free Cash FlowOCF − Capex | — | $-113.0M |
| FCF MarginFCF / Revenue | — | -11.3% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | — | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $451.9M | $-91.0M | ||
| Q3 25 | $505.0M | $-215.0M | ||
| Q2 25 | $571.1M | $-133.0M | ||
| Q1 25 | $483.0M | $-86.0M | ||
| Q4 24 | $578.4M | $87.0M | ||
| Q3 24 | $452.3M | $-156.0M | ||
| Q2 24 | $476.4M | $9.0M | ||
| Q1 24 | $276.0M | $-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× | ||
| Q3 25 | 3.26× | — | ||
| Q2 25 | 2.83× | — | ||
| Q1 25 | 2.65× | — | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | 1.88× | -6.00× | ||
| Q2 24 | 2.27× | 0.29× | ||
| Q1 24 | 2.10× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SM
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% |
