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Side-by-side financial comparison of Frontier Group Holdings, Inc. (ULCC) and Virtu Financial, Inc. (VIRT). 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 $969.9M, roughly 1.0× Virtu Financial, Inc.). Virtu Financial, Inc. runs the higher net margin — 14.4% vs 5.3%, a 9.1% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (16.3% vs -0.5%). Virtu Financial, Inc. produced more free cash flow last quarter ($495.6M vs $-113.0M). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (22.8% CAGR vs 7.4%).
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.
Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.
ULCC vs VIRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $997.0M | $969.9M |
| Net Profit | $53.0M | $139.9M |
| Gross Margin | — | — |
| Operating Margin | 4.9% | 35.4% |
| Net Margin | 5.3% | 14.4% |
| Revenue YoY | -0.5% | 16.3% |
| Net Profit YoY | -1.9% | 48.7% |
| EPS (diluted) | $0.24 | $1.54 |
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 | $997.0M | $969.9M | ||
| Q3 25 | $886.0M | $824.8M | ||
| Q2 25 | $929.0M | $999.6M | ||
| Q1 25 | $912.0M | $837.9M | ||
| Q4 24 | $1.0B | $834.3M | ||
| Q3 24 | $935.0M | $706.8M | ||
| Q2 24 | $973.0M | $693.0M | ||
| Q1 24 | $865.0M | $642.8M |
| Q4 25 | $53.0M | $139.9M | ||
| Q3 25 | $-77.0M | $77.6M | ||
| Q2 25 | $-70.0M | $151.2M | ||
| Q1 25 | $-43.0M | $99.7M | ||
| Q4 24 | $54.0M | $94.1M | ||
| Q3 24 | $26.0M | $60.0M | ||
| Q2 24 | $31.0M | $66.6M | ||
| Q1 24 | $-26.0M | $55.8M |
| Q4 25 | 4.9% | 35.4% | ||
| Q3 25 | -8.7% | 21.8% | ||
| Q2 25 | -8.1% | 34.7% | ||
| Q1 25 | -5.0% | 26.7% | ||
| Q4 24 | 4.5% | 24.3% | ||
| Q3 24 | 2.0% | 20.8% | ||
| Q2 24 | 2.6% | 22.4% | ||
| Q1 24 | -3.6% | 21.8% |
| Q4 25 | 5.3% | 14.4% | ||
| Q3 25 | -8.7% | 9.4% | ||
| Q2 25 | -7.5% | 15.1% | ||
| Q1 25 | -4.7% | 11.9% | ||
| Q4 24 | 5.4% | 11.3% | ||
| Q3 24 | 2.8% | 8.5% | ||
| Q2 24 | 3.2% | 9.6% | ||
| Q1 24 | -3.0% | 8.7% |
| Q4 25 | $0.24 | $1.54 | ||
| Q3 25 | $-0.34 | $0.86 | ||
| Q2 25 | $-0.31 | $1.65 | ||
| Q1 25 | $-0.19 | $1.08 | ||
| Q4 24 | $0.24 | $1.03 | ||
| Q3 24 | $0.11 | $0.64 | ||
| Q2 24 | $0.14 | $0.71 | ||
| Q1 24 | $-0.12 | $0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $671.0M | $1.1B |
| Total DebtLower is stronger | $620.0M | $2.0B |
| Stockholders' EquityBook value | $491.0M | $1.6B |
| Total Assets | $7.2B | $20.2B |
| Debt / EquityLower = less leverage | 1.26× | 1.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $671.0M | $1.1B | ||
| Q3 25 | $566.0M | $707.9M | ||
| Q2 25 | $563.0M | $752.1M | ||
| Q1 25 | $686.0M | $723.6M | ||
| Q4 24 | $740.0M | $872.5M | ||
| Q3 24 | $576.0M | $701.4M | ||
| Q2 24 | $658.0M | $684.8M | ||
| Q1 24 | $622.0M | $399.6M |
| Q4 25 | $620.0M | $2.0B | ||
| Q3 25 | $673.0M | $2.0B | ||
| Q2 25 | $565.0M | $1.7B | ||
| Q1 25 | $512.0M | $1.7B | ||
| Q4 24 | $507.0M | $1.7B | ||
| Q3 24 | $474.0M | $1.7B | ||
| Q2 24 | $455.0M | $1.7B | ||
| Q1 24 | $469.0M | $1.7B |
| Q4 25 | $491.0M | $1.6B | ||
| Q3 25 | $434.0M | $1.5B | ||
| Q2 25 | $506.0M | $1.4B | ||
| Q1 25 | $570.0M | $1.3B | ||
| Q4 24 | $604.0M | $1.3B | ||
| Q3 24 | $549.0M | $1.2B | ||
| Q2 24 | $520.0M | $1.2B | ||
| Q1 24 | $484.0M | $1.2B |
| Q4 25 | $7.2B | $20.2B | ||
| Q3 25 | $6.7B | $21.3B | ||
| Q2 25 | $6.5B | $19.3B | ||
| Q1 25 | $6.5B | $17.5B | ||
| Q4 24 | $6.2B | $15.4B | ||
| Q3 24 | $5.8B | $14.4B | ||
| Q2 24 | $5.7B | $13.9B | ||
| Q1 24 | $5.2B | $12.8B |
| Q4 25 | 1.26× | 1.29× | ||
| Q3 25 | 1.55× | 1.40× | ||
| Q2 25 | 1.12× | 1.24× | ||
| Q1 25 | 0.90× | 1.33× | ||
| Q4 24 | 0.84× | 1.39× | ||
| Q3 24 | 0.86× | 1.41× | ||
| Q2 24 | 0.88× | 1.41× | ||
| Q1 24 | 0.97× | 1.42× |
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 | $-91.0M | $518.4M |
| Free Cash FlowOCF − Capex | $-113.0M | $495.6M |
| FCF MarginFCF / Revenue | -11.3% | 51.1% |
| Capex IntensityCapex / Revenue | 2.2% | 2.4% |
| Cash ConversionOCF / Net Profit | -1.72× | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | $-600.0M | $485.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-91.0M | $518.4M | ||
| Q3 25 | $-215.0M | $-68.7M | ||
| Q2 25 | $-133.0M | $62.8M | ||
| Q1 25 | $-86.0M | $15.0M | ||
| Q4 24 | $87.0M | $599.0M | ||
| Q3 24 | $-156.0M | $112.1M | ||
| Q2 24 | $9.0M | $490.8M | ||
| Q1 24 | $-22.0M | $-395.4M |
| Q4 25 | $-113.0M | $495.6M | ||
| Q3 25 | $-217.0M | $-76.7M | ||
| Q2 25 | $-166.0M | $57.6M | ||
| Q1 25 | $-104.0M | $9.2M | ||
| Q4 24 | $73.0M | $586.6M | ||
| Q3 24 | $-170.0M | $106.2M | ||
| Q2 24 | $-22.0M | $486.9M | ||
| Q1 24 | $-39.0M | $-398.2M |
| Q4 25 | -11.3% | 51.1% | ||
| Q3 25 | -24.5% | -9.3% | ||
| Q2 25 | -17.9% | 5.8% | ||
| Q1 25 | -11.4% | 1.1% | ||
| Q4 24 | 7.3% | 70.3% | ||
| Q3 24 | -18.2% | 15.0% | ||
| Q2 24 | -2.3% | 70.3% | ||
| Q1 24 | -4.5% | -61.9% |
| Q4 25 | 2.2% | 2.4% | ||
| Q3 25 | 0.2% | 1.0% | ||
| Q2 25 | 3.6% | 0.5% | ||
| Q1 25 | 2.0% | 0.7% | ||
| Q4 24 | 1.4% | 1.5% | ||
| Q3 24 | 1.5% | 0.8% | ||
| Q2 24 | 3.2% | 0.6% | ||
| Q1 24 | 2.0% | 0.4% |
| Q4 25 | -1.72× | 3.71× | ||
| Q3 25 | — | -0.89× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | 1.61× | 6.37× | ||
| Q3 24 | -6.00× | 1.87× | ||
| Q2 24 | 0.29× | 7.37× | ||
| Q1 24 | — | -7.08× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
VIRT
Segment breakdown not available.
