Frontier Group Holdings (ULCC) Other Working Capital Changes (2020 - 2026)
Frontier Group Holdings (ULCC) reported Other Working Capital Changes of $32 million for Q2 2026, down 40.7% from $54 million a year earlier and down 61.0% from the prior quarter.
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Analysis
Frontier Group Holdings (ULCC) Other Working Capital Changes (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Frontier Group Holdings' Other Working Capital Changes came in at $268 million, up 42.6% year-over-year; for FY2025, it was $257 million, up 35.3% from FY2024.
- Other Working Capital Changes has increased for six consecutive years, with a five-year compound annual growth rate of 51.7% (FY2020 to FY2025).
- By year, Other Working Capital Changes came in at $190 million in FY2024 (+16.6%), $163 million in FY2023 (+73.4%), $94 million in FY2022 (+154.1%) and $37 million in FY2021 (+15.6%).
- The Q2 2026 figure ranks as the lowest quarterly Other Working Capital Changes since Q4 2023.
- Year over year, Other Working Capital Changes gained in five of the last eight quarters, with growth averaging 30.1%.
- The high point for year-over-year Other Working Capital Changes in five years was Q2 2022 (growth of 257.1%); the low point was Q3 2021 (a decline of 50.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $82 million (Q1 2026), $78 million (Q4 2025) and $76 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 170.80 Bn | 165.33 Bn | - |
| 2 | Csx | 89.17 Bn | 85.38 Bn | - |
| 3 | United Parcel Service | 83.81 Bn | 60.70 Bn | - |
| 4 | Canadian Pacific Kansas City | 77.31 Bn | 76.33 Bn | - |
| 5 | Norfolk Southern | 73.23 Bn | 67.87 Bn | - |
| 6 | Fedex | 70.82 Bn | 36.77 Bn | - |
| 7 | Delta Air Lines | 50.27 Bn | 32.46 Bn | - |
| 8 | Old Dominion Freight Line | 39.09 Bn | 38.36 Bn | - |
| 9 | United Airlines Holdings | 31.83 Bn | -24.55 Bn | - |
| 10 | Frontier Group Holdings | 1.13 Bn | -1.83 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 283.00 Mn |
| Mar 31, 2026 | 262.00 Mn |
| Dec 31, 2025 | -6.00 Mn |
| Sep 30, 2025 | -86.00 Mn |
| Jun 30, 2025 | -94.00 Mn |
| Mar 31, 2025 | -3.00 Mn |
| Dec 31, 2024 | 30.00 Mn |
| Sep 30, 2024 | -76.00 Mn |
| Jun 30, 2024 | 24.00 Mn |
| Mar 31, 2024 | 52.00 Mn |
| Dec 31, 2023 | -72.00 Mn |
| Sep 30, 2023 | -106.00 Mn |
| Jun 30, 2023 | -119.00 Mn |
| Mar 31, 2023 | 6.00 Mn |
| Dec 31, 2022 | 82.00 Mn |
| Sep 30, 2022 | -133.00 Mn |
| Jun 30, 2022 | -10.00 Mn |
| Mar 31, 2022 | 79.00 Mn |
| Dec 31, 2021 | 190.00 Mn |
| Sep 30, 2021 | -199.00 Mn |
API Access
Frontier Group Holdings Other Working Capital Changes 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=other-working-capital-changes&ticker=ULCC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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=other-working-capital-changes&ticker=ULCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();