Frontier Group Holdings (ULCC) Return on Invested Capital [ROIC] (2021 - 2026)
Frontier Group Holdings (ULCC) recorded Return on Invested Capital [ROIC] of -54.56% in Q2 2026, down 49.24 percentage points from -5.32% a year earlier and down 15.11 percentage points from the prior quarter.
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Analysis
Frontier Group Holdings (ULCC) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025, Frontier Group Holdings reported Return on Invested Capital [ROIC] of -13.48%, down 18.98 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a four-year change of -3.13 percentage points (FY2021 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 5.50% in FY2024 (+5.50 pp), 0.00% in FY2023 (+3.93 pp), -3.93% in FY2022 (+6.41 pp) and -10.35% in FY2021.
- The Q2 2026 figure is the lowest quarterly Return on Invested Capital [ROIC] in data going back to Q1 2021.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for four consecutive quarters, with an average year-over-year change of -14.87 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 28.58 percentage points in Q2 2023, against a drop of 49.24 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -39.45% (Q1 2026), -13.50% (Q4 2025) and -14.11% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 174.04 Bn | 166.29 Bn | - | 15.71% |
| 2 | Csx | 93.63 Bn | 88.85 Bn | - | 12.59% |
| 3 | Canadian Pacific Kansas City | 78.71 Bn | 78.42 Bn | - | 5.98% |
| 4 | United Parcel Service | 75.71 Bn | 52.63 Bn | - | 12.85% |
| 5 | Norfolk Southern | 74.09 Bn | 68.55 Bn | - | 9.67% |
| 6 | Fedex | 70.69 Bn | 36.64 Bn | - | 7.44% |
| 7 | Delta Air Lines | 50.49 Bn | 32.68 Bn | - | 10.82% |
| 8 | Old Dominion Freight Line | 37.91 Bn | 37.17 Bn | - | 24.14% |
| 9 | United Airlines Holdings | 31.82 Bn | -25.88 Bn | - | 8.90% |
| 10 | Frontier Group Holdings | 1.14 Bn | -1.83 Bn | - | -54.56% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -54.56% |
| Mar 31, 2026 | -39.45% |
| Dec 31, 2025 | -13.50% |
| Sep 30, 2025 | -14.11% |
| Jun 30, 2025 | -5.32% |
| Mar 31, 2025 | 3.83% |
| Dec 31, 2024 | 5.40% |
| Sep 30, 2024 | 0.00% |
| Jun 30, 2024 | -6.56% |
| Mar 31, 2024 | 0.00% |
| Dec 31, 2023 | 0.00% |
| Sep 30, 2023 | 3.86% |
| Jun 30, 2023 | 11.69% |
| Mar 31, 2023 | 6.42% |
| Dec 31, 2022 | -4.05% |
| Sep 30, 2022 | -14.98% |
| Jun 30, 2022 | -16.89% |
| Mar 31, 2022 | -14.35% |
| Dec 31, 2021 | -8.79% |
| Sep 30, 2021 | -16.26% |
API Access
Frontier Group Holdings Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=ULCC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=ULCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();