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Side-by-side financial comparison of SS&C Technologies Holdings Inc (SSNC) and Frontier Group Holdings, Inc. (ULCC). Click either name above to swap in a different company.
SS&C Technologies Holdings Inc is the larger business by last-quarter revenue ($1.6B vs $997.0M, roughly 1.7× Frontier Group Holdings, Inc.). SS&C Technologies Holdings Inc runs the higher net margin — 13.7% vs 5.3%, a 8.4% gap on every dollar of revenue. On growth, SS&C Technologies Holdings Inc posted the faster year-over-year revenue change (8.8% vs -0.5%). Over the past eight quarters, Frontier Group Holdings, Inc.'s revenue compounded faster (7.4% CAGR vs 6.5%).
SS&C Technologies Holdings, Inc. is an American multinational holding company headquartered in Windsor, Connecticut, that sells software and software as a service to the financial services industry. The company has offices in the Americas, Europe, Asia, Africa and Australia.
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.
SSNC vs ULCC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $997.0M |
| Net Profit | $226.1M | $53.0M |
| Gross Margin | 48.7% | — |
| Operating Margin | 24.2% | 4.9% |
| Net Margin | 13.7% | 5.3% |
| Revenue YoY | 8.8% | -0.5% |
| Net Profit YoY | 6.2% | -1.9% |
| EPS (diluted) | $0.91 | $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 | $1.6B | — | ||
| Q4 25 | $1.7B | $997.0M | ||
| Q3 25 | $1.6B | $886.0M | ||
| Q2 25 | $1.5B | $929.0M | ||
| Q1 25 | $1.5B | $912.0M | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.5B | $935.0M | ||
| Q2 24 | $1.5B | $973.0M |
| Q1 26 | $226.1M | — | ||
| Q4 25 | $193.1M | $53.0M | ||
| Q3 25 | $210.0M | $-77.0M | ||
| Q2 25 | $180.8M | $-70.0M | ||
| Q1 25 | $213.0M | $-43.0M | ||
| Q4 24 | $248.2M | $54.0M | ||
| Q3 24 | $164.4M | $26.0M | ||
| Q2 24 | $190.3M | $31.0M |
| Q1 26 | 48.7% | — | ||
| Q4 25 | 47.8% | — | ||
| Q3 25 | 47.7% | — | ||
| Q2 25 | 48.0% | — | ||
| Q1 25 | 49.3% | — | ||
| Q4 24 | 49.3% | — | ||
| Q3 24 | 48.0% | — | ||
| Q2 24 | 48.1% | — |
| Q1 26 | 24.2% | — | ||
| Q4 25 | 22.3% | 4.9% | ||
| Q3 25 | 23.3% | -8.7% | ||
| Q2 25 | 22.4% | -8.1% | ||
| Q1 25 | 23.6% | -5.0% | ||
| Q4 24 | 23.4% | 4.5% | ||
| Q3 24 | 22.2% | 2.0% | ||
| Q2 24 | 22.6% | 2.6% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 11.7% | 5.3% | ||
| Q3 25 | 13.4% | -8.7% | ||
| Q2 25 | 11.8% | -7.5% | ||
| Q1 25 | 14.1% | -4.7% | ||
| Q4 24 | 16.2% | 5.4% | ||
| Q3 24 | 11.2% | 2.8% | ||
| Q2 24 | 13.1% | 3.2% |
| Q1 26 | $0.91 | — | ||
| Q4 25 | $0.76 | $0.24 | ||
| Q3 25 | $0.83 | $-0.34 | ||
| Q2 25 | $0.72 | $-0.31 | ||
| Q1 25 | $0.84 | $-0.19 | ||
| Q4 24 | $0.98 | $0.24 | ||
| Q3 24 | $0.65 | $0.11 | ||
| Q2 24 | $0.75 | $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 | $420.9M | $671.0M |
| Total DebtLower is stronger | $7.4B | $620.0M |
| Stockholders' EquityBook value | $6.9B | $491.0M |
| Total Assets | $20.3B | $7.2B |
| Debt / EquityLower = less leverage | 1.08× | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $420.9M | — | ||
| Q4 25 | $462.1M | $671.0M | ||
| Q3 25 | $388.3M | $566.0M | ||
| Q2 25 | $480.3M | $563.0M | ||
| Q1 25 | $515.0M | $686.0M | ||
| Q4 24 | $567.1M | $740.0M | ||
| Q3 24 | $694.7M | $576.0M | ||
| Q2 24 | $462.7M | $658.0M |
| Q1 26 | $7.4B | — | ||
| 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 26 | $6.9B | — | ||
| Q4 25 | $6.9B | $491.0M | ||
| Q3 25 | $6.9B | $434.0M | ||
| Q2 25 | $6.9B | $506.0M | ||
| Q1 25 | $6.8B | $570.0M | ||
| Q4 24 | $6.5B | $604.0M | ||
| Q3 24 | $6.8B | $549.0M | ||
| Q2 24 | $6.4B | $520.0M |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.7B | $7.2B | ||
| Q3 25 | $19.5B | $6.7B | ||
| Q2 25 | $19.0B | $6.5B | ||
| Q1 25 | $20.4B | $6.5B | ||
| Q4 24 | $19.0B | $6.2B | ||
| Q3 24 | $18.4B | $5.8B | ||
| Q2 24 | $16.9B | $5.7B |
| Q1 26 | 1.08× | — | ||
| 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× |
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 | $299.7M | $-91.0M |
| Free Cash FlowOCF − Capex | — | $-113.0M |
| FCF MarginFCF / Revenue | — | -11.3% |
| Capex IntensityCapex / Revenue | 0.0% | 2.2% |
| Cash ConversionOCF / Net Profit | 1.33× | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $299.7M | — | ||
| Q4 25 | $643.5M | $-91.0M | ||
| Q3 25 | $456.2M | $-215.0M | ||
| Q2 25 | $372.9M | $-133.0M | ||
| Q1 25 | $272.2M | $-86.0M | ||
| Q4 24 | $486.6M | $87.0M | ||
| Q3 24 | $336.6M | $-156.0M | ||
| Q2 24 | $384.9M | $9.0M |
| Q1 26 | — | — | ||
| Q4 25 | $633.0M | $-113.0M | ||
| Q3 25 | $421.5M | $-217.0M | ||
| Q2 25 | $350.0M | $-166.0M | ||
| Q1 25 | $259.5M | $-104.0M | ||
| Q4 24 | $466.9M | $73.0M | ||
| Q3 24 | $310.7M | $-170.0M | ||
| Q2 24 | $374.9M | $-22.0M |
| Q1 26 | — | — | ||
| Q4 25 | 38.3% | -11.3% | ||
| Q3 25 | 26.9% | -24.5% | ||
| Q2 25 | 22.8% | -17.9% | ||
| Q1 25 | 17.1% | -11.4% | ||
| Q4 24 | 30.5% | 7.3% | ||
| Q3 24 | 21.2% | -18.2% | ||
| Q2 24 | 25.8% | -2.3% |
| Q1 26 | 0.0% | — | ||
| Q4 25 | 0.6% | 2.2% | ||
| Q3 25 | 2.2% | 0.2% | ||
| Q2 25 | 1.5% | 3.6% | ||
| Q1 25 | 0.8% | 2.0% | ||
| Q4 24 | 1.3% | 1.4% | ||
| Q3 24 | 1.8% | 1.5% | ||
| Q2 24 | 0.7% | 3.2% |
| Q1 26 | 1.33× | — | ||
| Q4 25 | 3.33× | -1.72× | ||
| Q3 25 | 2.17× | — | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | 1.28× | — | ||
| Q4 24 | 1.96× | 1.61× | ||
| Q3 24 | 2.05× | -6.00× | ||
| Q2 24 | 2.02× | 0.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
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% |
