Frontier Group Holdings Inc (ULCC) - Net Assets
Based on the latest financial reports, Frontier Group Holdings Inc (ULCC) has net assets worth $222.00 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.02 Billion) and total liabilities ($6.79 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Frontier Group Holdings Inc tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $222.00 Million |
| % of Total Assets | 3.16% |
| Annual Growth Rate | 3.68% |
| 5-Year Change | -7.36% |
| 10-Year Change | N/A |
| Growth Volatility | 43.84 |
Frontier Group Holdings Inc - Net Assets Trend (2015–2025)
This chart illustrates how Frontier Group Holdings Inc's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Frontier Group Holdings Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Frontier Group Holdings Inc (2015–2025)
The table below shows the annual net assets of Frontier Group Holdings Inc from 2015 to 2025. For live valuation and market cap data, see ULCC company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $491.00 Million | -18.71% |
| 2024-12-31 | $604.00 Million | +19.13% |
| 2023-12-31 | $507.00 Million | -0.39% |
| 2022-12-31 | $509.00 Million | -3.96% |
| 2021-12-31 | $530.00 Million | +70.97% |
| 2020-12-31 | $310.00 Million | -42.80% |
| 2019-12-31 | $542.00 Million | +93.57% |
| 2018-12-31 | $280.00 Million | -37.22% |
| 2016-12-31 | $446.00 Million | +30.41% |
| 2015-12-31 | $342.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Frontier Group Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 80.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $59.00 Million | 12.02% |
| Other Comprehensive Income | $-5.00 Million | -1.02% |
| Other Components | $437.00 Million | 89.00% |
| Total Equity | $491.00 Million | 100.00% |
Frontier Group Holdings Inc Competitors by Market Cap
The table below lists competitors of Frontier Group Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EST Tools Co Ltd
SHE:300488
|
$1.22 Billion |
|
Elsight Ltd
AU:ELS
|
$1.22 Billion |
|
Ouster, Inc. Common Stock
NASDAQ:OUST
|
$1.22 Billion |
|
Jiangsu Jiuding New Material Co Ltd
SHE:002201
|
$1.22 Billion |
|
Bega Cheese Ltd
AU:BGA
|
$1.22 Billion |
|
Gold.com, Inc.
NYSE:GOLD
|
$1.21 Billion |
|
tonies SE
F:TNIE
|
$1.21 Billion |
|
Guangdong Silvere Sci and Tech
SHE:300221
|
$1.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Frontier Group Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 604,000,000 to 491,000,000, a change of -113,000,000 (-18.7%).
- Net loss of 137,000,000 reduced equity.
- Other comprehensive income increased equity by 1,000,000.
- Other factors increased equity by 23,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-137.00 Million | -27.9% |
| Other Comprehensive Income | $1.00 Million | +0.2% |
| Other Changes | $23.00 Million | +4.68% |
| Total Change | $- | -18.71% |
Book Value vs Market Value Analysis
This analysis compares Frontier Group Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.11x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.16x to 3.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $1.60 | $6.64 | x |
| 2016-12-31 | $2.08 | $6.64 | x |
| 2018-12-31 | $1.30 | $6.64 | x |
| 2019-12-31 | $2.52 | $6.64 | x |
| 2020-12-31 | $1.44 | $6.64 | x |
| 2021-12-31 | $2.44 | $6.64 | x |
| 2022-12-31 | $2.34 | $6.64 | x |
| 2023-12-31 | $2.30 | $6.64 | x |
| 2024-12-31 | $2.68 | $6.64 | x |
| 2025-12-31 | $2.14 | $6.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Frontier Group Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -27.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.68%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 14.70x
- Recent ROE (-27.90%) is below the historical average (4.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 42.69% | 9.10% | 1.42x | 3.30x | $111.80 Million |
| 2016 | 44.84% | 11.67% | 1.28x | 3.01x | $155.40 Million |
| 2018 | 28.57% | 3.71% | 1.42x | 5.41x | $52.00 Million |
| 2019 | 46.31% | 10.01% | 0.65x | 7.13x | $196.80 Million |
| 2020 | -72.58% | -18.00% | 0.35x | 11.46x | $-256.00 Million |
| 2021 | -19.25% | -4.95% | 0.49x | 7.99x | $-155.00 Million |
| 2022 | -7.27% | -1.11% | 0.74x | 8.84x | $-87.90 Million |
| 2023 | -2.17% | -0.31% | 0.72x | 9.85x | $-61.70 Million |
| 2024 | 14.07% | 2.25% | 0.61x | 10.19x | $24.60 Million |
| 2025 | -27.90% | -3.68% | 0.52x | 14.70x | $-186.10 Million |
Industry Comparison
This section compares Frontier Group Holdings Inc's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $404,012,354
- Average return on equity (ROE) among peers: -269.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Frontier Group Holdings Inc (ULCC) | $222.00 Million | 42.69% | 30.61x | $1.22 Billion |
| American Airlines Group (AAL) | $46.00 Million | -2669.57% | 636.61x | $9.91 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-899.91 Million | 0.00% | 0.00x | $240.24 Million |
| Allegiant Travel Company (ALGT) | $690.32 Million | 23.44% | 2.62x | $2.31 Billion |
| Alaska Air Group Inc (ALK) | $2.03 Billion | 25.04% | 1.88x | $4.35 Billion |
| Copa Holdings SA (CPA) | $115.58 Million | 41.95% | 4.12x | $4.33 Billion |
| Delta Air Lines Inc (DAL) | $-242.00 Million | 0.00% | 0.00x | $48.18 Billion |
| flyExclusive, Inc. (FLYX) | $35.33 Million | -132.56% | 13.75x | $51.37 Million |
| flyExclusive, Inc. (FLYX) | $-11.67 Million | 0.00% | 0.00x | $112.53 Million |
| Gol Linhas Aéreas Inteligentes S.A (GOLLQ) | $-932.52 Million | 0.00% | 0.00x | $33.88 Million |
| JetBlue Airways Corp (JBLU) | $3.21 Billion | 21.09% | 1.70x | $1.85 Billion |
About Frontier Group Holdings Inc
Frontier Group Holdings, Inc., provides low-fare passenger airline services to leisure travelers in the United States and Latin America. The company sells its products through direct distribution channels, such as websites, mobile apps, and contact centers. As of December 31, 2025, it had a fleet of 176 Airbus single-aisle aircraft. Frontier Group Holdings, Inc. was founded in 1994 and is headqua… Read more