Frontier Group Holdings (ULCC) Invested Capital (2020 - 2026)
Frontier Group Holdings (ULCC) recorded Invested Capital of $642 million in Q2 2026, down 39.8% from $1.07 billion a year earlier and down 20.2% from the prior quarter.
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Analysis
Frontier Group Holdings (ULCC) Invested Capital (2020 - 2026) Analysis & Trends
For FY2025, Frontier Group Holdings reported Invested Capital of $1.11 billion, down 0.1% from FY2024.
- Annual Invested Capital has a five-year compound annual growth rate of 10.9% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $1.11 billion in FY2024 (+13.2%), $977 million in FY2023 (+4.2%), $938 million in FY2022 (-0.6%) and $944 million in FY2021 (+43.5%).
- The Q2 2026 figure is the lowest quarterly Invested Capital since Q1 2021.
- On a year-over-year basis, Invested Capital has declined for three consecutive quarters, with an average decline of 2.7% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 43.5% in Q4 2021, against a decline of 39.8% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $805 million (Q1 2026), $1.11 billion (Q4 2025) and $1.1 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 173.44 Bn | 167.97 Bn | - | 51.00 Bn |
| 2 | Csx | 95.20 Bn | 91.41 Bn | - | 32.95 Bn |
| 3 | United Parcel Service | 85.78 Bn | 62.67 Bn | - | 39.58 Bn |
| 4 | Canadian Pacific Kansas City | 79.94 Bn | 78.95 Bn | - | 51.20 Bn |
| 5 | Norfolk Southern | 74.37 Bn | 69.01 Bn | - | 32.87 Bn |
| 6 | Fedex | 71.39 Bn | 37.34 Bn | - | 57.36 Bn |
| 7 | Delta Air Lines | 51.69 Bn | 33.88 Bn | - | 36.46 Bn |
| 8 | Old Dominion Freight Line | 39.48 Bn | 38.74 Bn | - | 4.57 Bn |
| 9 | United Airlines Holdings | 33.26 Bn | -23.11 Bn | - | 43.16 Bn |
| 10 | Frontier Group Holdings | 1.19 Bn | -1.78 Bn | - | 642.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 642.00 Mn |
| Mar 31, 2026 | 805.00 Mn |
| Dec 31, 2025 | 1.11 Bn |
| Sep 30, 2025 | 1.10 Bn |
| Jun 30, 2025 | 1.07 Bn |
| Mar 31, 2025 | 1.08 Bn |
| Dec 31, 2024 | 1.11 Bn |
| Sep 30, 2024 | 1.02 Bn |
| Jun 30, 2024 | 972.00 Mn |
| Mar 31, 2024 | 950.00 Mn |
| Dec 31, 2023 | 977.00 Mn |
| Sep 30, 2023 | 1.03 Bn |
| Jun 30, 2023 | 996.00 Mn |
| Mar 31, 2023 | 915.00 Mn |
| Dec 31, 2022 | 938.00 Mn |
| Sep 30, 2022 | 889.00 Mn |
| Jun 30, 2022 | 799.00 Mn |
| Mar 31, 2022 | 761.00 Mn |
| Dec 31, 2021 | 944.00 Mn |
| Sep 30, 2021 | 941.00 Mn |
API Access
Frontier Group Holdings Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=ULCC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "ULCC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=ULCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();