Frontier Group Holdings (ULCC) Debt to Equity (2020 - 2026)
Frontier Group Holdings (ULCC) reported Debt to Equity of $2.63 for Q1 2026, up 195.24% on a YoY basis from $0.89 in Q1 2025, and up 110.0% quarter-over-quarter from $1.25 in Q4 2025.
Frontier Group Holdings (ULCC) Debt to Equity (2020 - 2026) Analysis & Trends
Frontier Group Holdings has reported Debt to Equity for 7 years, with the latest figure 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.
- The five-year high for Debt to Equity was $2.63 in Q1 2026, with the low at $0.76 in Q2 2023.
- Historically, Debt to Equity has averaged $1.05 across 5 years, with a median of $0.89 in 2025.
- Annual changes were most pronounced in 2022 — Debt to Equity slumped 46.45% — and 2026, when it soared 195.24%.
- Frontier Group Holdings' Debt to Equity stood at $0.84 in 2022, then grew by 9.99% to $0.93 in 2023, then declined by 10.34% to $0.83 in 2024, then soared by 50.46% to $1.25 in 2025, then surged 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 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | 0.13 |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 0.70 |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | - |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 0.78 |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 0.71 |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | 1.43 |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 0.88 |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | - |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | 4.66 |
| 10 | Frontier Group Holdings | 1.65 Bn | 879.80 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 |