Frontier Group Holdings (ULCC) Return on Capital Employed [ROCE] (2021 - 2026)
Frontier Group Holdings (ULCC) recorded Return on Capital Employed [ROCE] of -8.34% in Q2 2026, down 7.06 percentage points from -1.28% a year earlier and down 0.43 percentage points from the prior quarter.
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Analysis
Frontier Group Holdings (ULCC) Return on Capital Employed [ROCE] (2021 - 2026) Analysis & Trends
For FY2025, Frontier Group Holdings reported Return on Capital Employed [ROCE] of -3.25%, down 4.81 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a four-year change of +1.30 percentage points (FY2021 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 1.56% in FY2024 (+1.66 pp), -0.10% in FY2023 (+1.50 pp), -1.60% in FY2022 (+2.95 pp) and -4.56% in FY2021.
- The Q2 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] since Q2 2021.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined for four consecutive quarters, with an average year-over-year change of -2.76 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 12.25 percentage points in Q2 2023, against a drop of 8.89 percentage points in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -7.91% (Q1 2026), -3.07% (Q4 2025) and -3.40% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 177.13 Bn | 169.38 Bn | - | 15.93% |
| 2 | Csx | 95.25 Bn | 90.48 Bn | - | 13.38% |
| 3 | Canadian Pacific Kansas City | 79.66 Bn | 79.37 Bn | - | 6.99% |
| 4 | United Parcel Service | 76.08 Bn | 53.01 Bn | - | 11.61% |
| 5 | Norfolk Southern | 75.89 Bn | 70.35 Bn | - | 9.77% |
| 6 | Fedex | 71.92 Bn | 37.86 Bn | - | 7.01% |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 10.05% |
| 8 | Old Dominion Freight Line | 39.40 Bn | 38.66 Bn | - | 28.03% |
| 9 | United Airlines Holdings | 33.14 Bn | -24.56 Bn | - | 8.46% |
| 10 | Frontier Group Holdings | 1.22 Bn | -1.74 Bn | - | -8.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.34% |
| Mar 31, 2026 | -7.91% |
| Dec 31, 2025 | -3.07% |
| Sep 30, 2025 | -3.40% |
| Jun 30, 2025 | -1.28% |
| Mar 31, 2025 | 0.98% |
| Dec 31, 2024 | 1.40% |
| Sep 30, 2024 | 0.25% |
| Jun 30, 2024 | -1.74% |
| Mar 31, 2024 | -0.27% |
| Dec 31, 2023 | -0.09% |
| Sep 30, 2023 | 1.44% |
| Jun 30, 2023 | 5.09% |
| Mar 31, 2023 | 2.86% |
| Dec 31, 2022 | -1.60% |
| Sep 30, 2022 | -6.30% |
| Jun 30, 2022 | -7.16% |
| Mar 31, 2022 | -6.50% |
| Dec 31, 2021 | -4.01% |
| Sep 30, 2021 | -7.09% |
API Access
Frontier Group Holdings Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=ULCC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=ULCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();