Frontier Group Holdings (ULCC) Debt to Equity (2020 - 2026)
Frontier Group Holdings posted quarterly Debt to Equity of $2.63 for Q1 2026, up 195.24% year-on-year from $0.89 in Q1 2025, and up 110.0% on a QoQ basis from $1.25 in Q4 2025.
Frontier Group Holdings (ULCC) has 7 years of Debt to Equity data on file, last reported at $2.63 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity rose 195.24% year-over-year to $2.63; the trailing twelve-month figure through Mar 2026 stood at $2.63 (up 195.24% YoY), and the FY2025 full-year result was $1.25, up 50.46% from the prior year.
- Debt to Equity for Q1 2026 stood at $2.63, up from $1.25 in the prior quarter.
- Across five years, Debt to Equity topped out at $2.63 in Q1 2026 and bottomed at $0.76 in Q2 2023.
- The 5-year median for Debt to Equity is $0.89 (2025), against an average of $1.05.
- The widest annual swing landed in 2022, when Debt to Equity plunged 46.45%; it then soared 195.24% in 2026.
- A 5-year view of Debt to Equity shows it stood at $0.84 in 2022, then increased by 9.99% to $0.93 in 2023, then fell by 10.34% to $0.83 in 2024, then jumped by 50.46% to $1.25 in 2025, then soared by 110.0% to $2.63 in 2026.
- The last three Debt to Equity figures came in at $2.63 (Q1 2026), $1.25 (Q4 2025), and $1.54 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 0.70 |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 0.78 |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | - |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | - |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 1.43 |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 0.88 |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 0.71 |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 4.66 |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 1.63 |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 2.63 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.63 |
| Dec 31, 2025 | 1.25 |
| Sep 30, 2025 | 1.54 |
| Jun 30, 2025 | 1.11 |
| Mar 31, 2025 | 0.89 |
| Dec 31, 2024 | 0.83 |
| Sep 30, 2024 | 0.85 |
| Jun 30, 2024 | 0.87 |
| Mar 31, 2024 | 0.96 |
| Dec 31, 2023 | 0.93 |
| Sep 30, 2023 | 0.90 |
| Jun 30, 2023 | 0.76 |
| Mar 31, 2023 | 0.88 |
| Dec 31, 2022 | 0.84 |
| Sep 30, 2022 | 0.90 |
| Jun 30, 2022 | 0.88 |
| Mar 31, 2022 | 0.86 |
| Dec 31, 2021 | 0.78 |
| Sep 30, 2021 | 0.63 |
| Jun 30, 2021 | 0.66 |
| Mar 31, 2021 | 1.61 |
| Dec 31, 2020 | 1.12 |