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Annual data and sources

Frontier Group Holdings, Inc. (ULCC) · Nasdaq · USD · Sector unavailable · CIK 0001670076

Annual coverage: 2019-12-31–2025-12-31 (7 periods). Financial snapshot built 2026-10-09.

ULCC annual financial history

All stored annual observations, independent of the chart window. Per-share amounts in USD. Unavailable values are not zero.

See the calculation and limitations.

Annual per-share context (USD/share)

Complete annual history, independent of chart loading and range. Revenue/share is annual revenue per average diluted share. Debt/share is borrowings per year-end common share, excluding leases. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue / shareTotal debt / shareInputs & filing sources
2025-12-3116.35Unavailable
Inputs & filings

revenue: 3724000000; averageDilutedShares: 227773074; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 229010827

revenue (2026-02-18)
averageDilutedShares (2026-02-18)
periodEndShares (2026-02-18)
2024-12-3116.67Unavailable
Inputs & filings

revenue: 3775000000; averageDilutedShares: 226492134; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 225440496

revenue (2026-02-18)
averageDilutedShares (2026-02-18)
periodEndShares (2026-02-18)
2023-12-3116.31Unavailable
Inputs & filings

revenue: 3589000000; averageDilutedShares: 220097989; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 222998790

revenue (2026-02-18)
averageDilutedShares (2026-02-18)
periodEndShares (2025-02-18)
2022-12-3115.28Unavailable
Inputs & filings

revenue: 3326000000; averageDilutedShares: 217601373; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 217875890

revenue (2025-02-18)
averageDilutedShares (2025-02-18)
periodEndShares (2024-02-20)
2021-12-319.74Unavailable
Inputs & filings

revenue: 2060000000; averageDilutedShares: 211436542; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 217065096

revenue (2024-02-20)
averageDilutedShares (2024-02-20)
periodEndShares (2023-02-22)
2020-12-316.27Unavailable
Inputs & filings

revenue: 1250000000; averageDilutedShares: 199260410; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 199438098

revenue (2023-02-22)
averageDilutedShares (2023-02-22)
periodEndShares (2022-02-23)
2019-12-3112.57Unavailable
Inputs & filings

revenue: 2508000000; averageDilutedShares: 199593100; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2022-02-23)
averageDilutedShares (2022-02-23)

Annual returns and cash generation (%)

Complete annual history, independent of chart loading and range. FCF margin and FCF / net income use matching annual totals. ROCE uses positive exact opening and closing capital-employed bases. Inputs, scopes and unavailable reasons are disclosed below. Missing inputs remain unavailable. Metric definitions.

Fiscal endFCF margin (%)FCF / net income (%)ROCE (%)Inputs & filing sources
2025-12-31-16.11Unavailable-3.16
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-600000000,"capex":{"accession":"0001670076-26-000020","end":"2025-12-31","filed":"2026-02-18","form":"10-K","start":"2025-01-01","tag":"PaymentsToAcquireProductiveAssets","unit":"USD"},"ocf":{"accession":"0001670076-26-000020","end":"2025-12-31","filed":"2026-02-18","form":"10-K","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":3724000000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"netIncome":{"value":-137000000,"tag":"NetIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"operatingIncome":{"value":-149000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"openingAssets":{"value":6153000000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"openingCurrentLiabilities":{"value":1852000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"openingCapitalEmployed":{"value":4301000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":604000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"openingTotalEquity":{"value":604000000,"inputNames":["openingParentEquity","openingAssets","openingLiabilities"]},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":5549000000,"tag":"Liabilities","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"openingCash":{"value":740000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":7220000000,"tag":"Assets","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"closingCurrentLiabilities":{"value":2103000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"closingCapitalEmployed":{"value":5117000000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":491000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"closingTotalEquity":{"value":491000000,"inputNames":["closingParentEquity","closingAssets","closingLiabilities"]},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":6729000000,"tag":"Liabilities","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"closingCash":{"value":671000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2025-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":-137000000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"incomeTaxExpense":{"value":3000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"pretaxIncome":{"value":-134000000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":4709000000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -16.11170784103115; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -3.1641537481418562

fcfMargin component 1 (2026-02-18) · fcfMargin component 2 (2026-02-18) · fcfMargin component 3 (2026-02-18)
cashConversion component 1 (2026-02-18) · cashConversion component 2 (2026-02-18) · cashConversion component 3 (2026-02-18)
roce component 1 (2026-02-18) · roce component 2 (2026-02-18) · roce component 3 (2026-02-18) · roce component 4 (2026-02-18) · roce component 5 (2026-02-18)
2024-12-31-4.19-185.881.52
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-158000000,"capex":{"accession":"0001670076-26-000020","end":"2024-12-31","filed":"2026-02-18","form":"10-K","start":"2024-01-01","tag":"PaymentsToAcquireProductiveAssets","unit":"USD"},"ocf":{"accession":"0001670076-26-000020","end":"2024-12-31","filed":"2026-02-18","form":"10-K","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":3775000000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"netIncome":{"value":85000000,"tag":"NetIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"operatingIncome":{"value":58000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"openingAssets":{"value":4993000000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"openingCurrentLiabilities":{"value":1658000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"openingCapitalEmployed":{"value":3335000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":507000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":4486000000,"tag":"Liabilities","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"openingCash":{"value":609000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2023-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":6153000000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"closingCurrentLiabilities":{"value":1852000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"closingCapitalEmployed":{"value":4301000000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":604000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"closingTotalEquity":{"value":604000000,"inputNames":["closingParentEquity","closingAssets","closingLiabilities"]},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":5549000000,"tag":"Liabilities","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"closingCash":{"value":740000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":84000000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"incomeTaxExpense":{"value":1000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"pretaxIncome":{"value":86000000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"effectiveTaxRate":{"value":0.011627906976744186,"inputNames":["incomeTaxExpense","pretaxIncome"]},"nopat":{"value":57325581.39534884,"inputNames":["operatingIncome","effectiveTaxRate"]},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":3818000000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -4.185430463576159; cashConversion: -185.88235294117646; roce: 1.5191199580932426

fcfMargin component 1 (2026-02-18) · fcfMargin component 2 (2026-02-18) · fcfMargin component 3 (2026-02-18)
cashConversion component 1 (2026-02-18) · cashConversion component 2 (2026-02-18) · cashConversion component 3 (2026-02-18)
roce component 1 (2026-02-18) · roce component 2 (2025-02-18) · roce component 3 (2025-02-18) · roce component 4 (2026-02-18) · roce component 5 (2026-02-18)
2023-12-31-8.69Unavailable-0.10
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-312000000,"capex":{"accession":"0001670076-26-000020","end":"2023-12-31","filed":"2026-02-18","form":"10-K","start":"2023-01-01","tag":"PaymentsToAcquireProductiveAssets","unit":"USD"},"ocf":{"accession":"0001670076-26-000020","end":"2023-12-31","filed":"2026-02-18","form":"10-K","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":3589000000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"netIncome":{"value":-11000000,"tag":"NetIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"operatingIncome":{"value":-3000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"openingAssets":{"value":4499000000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"openingCurrentLiabilities":{"value":1555000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"openingCapitalEmployed":{"value":2944000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":509000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":3990000000,"tag":"Liabilities","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"openingCash":{"value":761000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2022-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":4993000000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"closingCurrentLiabilities":{"value":1658000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"closingCapitalEmployed":{"value":3335000000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":507000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":4486000000,"tag":"Liabilities","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"closingCash":{"value":609000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2023-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":-11000000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"incomeTaxExpense":{"value":43000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"pretaxIncome":{"value":32000000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Effective tax rate outside 0–100% or nonfinite; no clamping"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Effective tax rate outside 0–100% or nonfinite; no clamping"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":3139500000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -8.693229311786013; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -0.09555661729574773

fcfMargin component 1 (2026-02-18) · fcfMargin component 2 (2026-02-18) · fcfMargin component 3 (2026-02-18)
cashConversion component 1 (2026-02-18) · cashConversion component 2 (2026-02-18) · cashConversion component 3 (2026-02-18)
roce component 1 (2026-02-18) · roce component 2 (2024-02-20) · roce component 3 (2024-02-20) · roce component 4 (2025-02-18) · roce component 5 (2025-02-18)
2022-12-31-3.58Unavailable-1.54
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-119000000,"capex":{"accession":"0001670076-25-000041","end":"2022-12-31","filed":"2025-02-18","form":"10-K","start":"2022-01-01","tag":"PaymentsToAcquireProductiveAssets","unit":"USD"},"ocf":{"accession":"0001670076-25-000041","end":"2022-12-31","filed":"2025-02-18","form":"10-K","start":"2022-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":3326000000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"netIncome":{"value":-37000000,"tag":"NetIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"operatingIncome":{"value":-45000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"openingAssets":{"value":4235000000,"tag":"Assets","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"openingCurrentLiabilities":{"value":1326000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"openingCapitalEmployed":{"value":2909000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":530000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":3705000000,"tag":"Liabilities","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"openingCash":{"value":918000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":4499000000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"closingCurrentLiabilities":{"value":1555000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"closingCapitalEmployed":{"value":2944000000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":509000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-02-18","accession":"0001670076-26-000020","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":3990000000,"tag":"Liabilities","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"closingCash":{"value":761000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2022-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":-37000000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"incomeTaxExpense":{"value":-8000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"pretaxIncome":{"value":-45000000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":2926500000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -3.5778713168971734; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -1.537672988211174

fcfMargin component 1 (2025-02-18) · fcfMargin component 2 (2025-02-18) · fcfMargin component 3 (2025-02-18)
cashConversion component 1 (2025-02-18) · cashConversion component 2 (2025-02-18) · cashConversion component 3 (2025-02-18)
roce component 1 (2025-02-18) · roce component 2 (2023-02-22) · roce component 3 (2023-02-22) · roce component 4 (2024-02-20) · roce component 5 (2024-02-20)
2021-12-319.17Unavailable-4.29
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":189000000,"capex":{"accession":"0001670076-24-000021","end":"2021-12-31","filed":"2024-02-20","form":"10-K","start":"2021-01-01","tag":"PaymentsToAcquireProductiveAssets","unit":"USD"},"ocf":{"accession":"0001670076-24-000021","end":"2021-12-31","filed":"2024-02-20","form":"10-K","start":"2021-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":2060000000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"netIncome":{"value":-102000000,"tag":"NetIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"operatingIncome":{"value":-117000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"openingAssets":{"value":3554000000,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-23","accession":"0001670076-22-000016","form":"10-K"},"openingCurrentLiabilities":{"value":1003000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-23","accession":"0001670076-22-000016","form":"10-K"},"openingCapitalEmployed":{"value":2551000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":310000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2020-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":3244000000,"tag":"Liabilities","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-23","accession":"0001670076-22-000016","form":"10-K"},"openingCash":{"value":378000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-23","accession":"0001670076-22-000016","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2020-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":4235000000,"tag":"Assets","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"closingCurrentLiabilities":{"value":1326000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"closingCapitalEmployed":{"value":2909000000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":530000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2025-02-18","accession":"0001670076-25-000041","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":3705000000,"tag":"Liabilities","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"closingCash":{"value":918000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":-102000000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"incomeTaxExpense":{"value":-42000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"pretaxIncome":{"value":-144000000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":2730000000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 9.174757281553399; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -4.285714285714286

fcfMargin component 1 (2024-02-20) · fcfMargin component 2 (2024-02-20) · fcfMargin component 3 (2024-02-20)
cashConversion component 1 (2024-02-20) · cashConversion component 2 (2024-02-20) · cashConversion component 3 (2024-02-20)
roce component 1 (2024-02-20) · roce component 2 (2022-02-23) · roce component 3 (2022-02-23) · roce component 4 (2023-02-22) · roce component 5 (2023-02-22)
2020-12-31-45.84UnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-573000000,"capex":{"accession":"0001670076-23-000019","end":"2020-12-31","filed":"2023-02-22","form":"10-K","start":"2020-01-01","tag":"PaymentsToAcquireProductiveAssets","unit":"USD"},"ocf":{"accession":"0001670076-23-000019","end":"2020-12-31","filed":"2023-02-22","form":"10-K","start":"2020-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":1250000000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"netIncome":{"value":-225000000,"tag":"NetIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"operatingIncome":{"value":-365000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31"},"openingParentEquity":{"value":542000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2019-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2019-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":3554000000,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-23","accession":"0001670076-22-000016","form":"10-K"},"closingCurrentLiabilities":{"value":1003000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-23","accession":"0001670076-22-000016","form":"10-K"},"closingCapitalEmployed":{"value":2551000000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":310000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2020-12-31","filed":"2024-02-20","accession":"0001670076-24-000021","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":3244000000,"tag":"Liabilities","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-23","accession":"0001670076-22-000016","form":"10-K"},"closingCash":{"value":378000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-23","accession":"0001670076-22-000016","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2020-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":-225000000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"incomeTaxExpense":{"value":-147000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"pretaxIncome":{"value":-372000000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -45.839999999999996; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31

fcfMargin component 1 (2023-02-22) · fcfMargin component 2 (2023-02-22) · fcfMargin component 3 (2023-02-22)
cashConversion component 1 (2023-02-22) · cashConversion component 2 (2023-02-22) · cashConversion component 3 (2023-02-22)
roce component 1 (2023-02-22) · roce component 2 (2022-02-23) · roce component 3 (2022-02-23)
2019-12-315.0250.20Unavailable
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":126000000,"capex":{"accession":"0001670076-22-000016","end":"2019-12-31","filed":"2022-02-23","form":"10-K","start":"2019-01-01","tag":"PaymentsToAcquireProductiveAssets","unit":"USD"},"ocf":{"accession":"0001670076-22-000016","end":"2019-12-31","filed":"2022-02-23","form":"10-K","start":"2019-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":2508000000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-23","accession":"0001670076-22-000016","form":"10-K"},"netIncome":{"value":251000000,"tag":"NetIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-23","accession":"0001670076-22-000016","form":"10-K"},"operatingIncome":{"value":309000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-23","accession":"0001670076-22-000016","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31"},"openingParentEquity":{"value":280000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2018-12-31","filed":"2022-02-23","accession":"0001670076-22-000016","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2018-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCapitalEmployed":{"value":null,"inputNames":["closingAssets","closingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31"},"closingParentEquity":{"value":542000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2019-12-31","filed":"2023-02-22","accession":"0001670076-23-000019","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2019-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":237000000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-23","accession":"0001670076-22-000016","form":"10-K"},"incomeTaxExpense":{"value":74000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-23","accession":"0001670076-22-000016","form":"10-K"},"pretaxIncome":{"value":325000000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-23","accession":"0001670076-22-000016","form":"10-K"},"effectiveTaxRate":{"value":0.2276923076923077,"inputNames":["incomeTaxExpense","pretaxIncome"]},"nopat":{"value":238643076.92307693,"inputNames":["operatingIncome","effectiveTaxRate"]},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 5.023923444976076; cashConversion: 50.199203187250994; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31

fcfMargin component 1 (2022-02-23) · fcfMargin component 2 (2022-02-23) · fcfMargin component 3 (2022-02-23)
cashConversion component 1 (2022-02-23) · cashConversion component 2 (2022-02-23) · cashConversion component 3 (2022-02-23)
roce component 1 (2022-02-23)

Annual operating facts

Complete annual history, independent of chart loading and range. Operating margin is operating profit as a percentage of revenue; net margin is consolidated net profit as a percentage of revenue. Negative margins show losses. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue (USD)Operating margin (%)Net margin (%)Inputs & filing sources
2025-12-313,724,000,000.00-4.00-3.68
Inputs & filings

revenue: 3724000000; operatingIncome: -149000000; netIncome: -137000000

revenue (2026-02-18)
operatingIncome (2026-02-18)
netIncome (2026-02-18)
2024-12-313,775,000,000.001.542.25
Inputs & filings

revenue: 3775000000; operatingIncome: 58000000; netIncome: 85000000

revenue (2026-02-18)
operatingIncome (2026-02-18)
netIncome (2026-02-18)
2023-12-313,589,000,000.00-0.08-0.31
Inputs & filings

revenue: 3589000000; operatingIncome: -3000000; netIncome: -11000000

revenue (2026-02-18)
operatingIncome (2026-02-18)
netIncome (2026-02-18)
2022-12-313,326,000,000.00-1.35-1.11
Inputs & filings

revenue: 3326000000; operatingIncome: -45000000; netIncome: -37000000

revenue (2025-02-18)
operatingIncome (2025-02-18)
netIncome (2025-02-18)
2021-12-312,060,000,000.00-5.68-4.95
Inputs & filings

revenue: 2060000000; operatingIncome: -117000000; netIncome: -102000000

revenue (2024-02-20)
operatingIncome (2024-02-20)
netIncome (2024-02-20)
2020-12-311,250,000,000.00-29.20-18.00
Inputs & filings

revenue: 1250000000; operatingIncome: -365000000; netIncome: -225000000

revenue (2023-02-22)
operatingIncome (2023-02-22)
netIncome (2023-02-22)
2019-12-312,508,000,000.0012.3210.01
Inputs & filings

revenue: 2508000000; operatingIncome: 309000000; netIncome: 251000000

revenue (2022-02-23)
operatingIncome (2022-02-23)
netIncome (2022-02-23)

Frontier Group Holdings, Inc. (ULCC) P/E ratio history

The interactive P/E chart contains all 289 stored weekly price points (2021-04-01–2026-10-08); 52 have an eligible basic or diluted ratio. Annual EPS is carried forward from its fiscal end. Use the P/E range bar or any other chart range bar to change all five chart windows.

Fiscal-year-end snapshots

1 eligible fiscal-year-end observations span 2024-12-31–2024-12-31. Latest eligible diluted P/E: 19.38×; basic P/E: 19.38×, for fiscal end 2024-12-31, using the close on 2024-12-27.

Annual P/E = eligible fiscal-year-end close ÷ reported annual EPS. This is retrospective annual P/E, not TTM or forward P/E. Why we use annual data. Missing or non-positive EPS and missing eligible prices produce unavailable ratios.

Explore the P/E chart and optional reference lines · How P/E history is calculated.

Complete annual P/E history (7 fiscal periods)
Full stored fiscal-year-end P/E history, independent of the selected chart window. Ratios in ×; prices in USD.
Fiscal endPrice dateClosePrice basisBasic P/EDiluted P/EEPS filings
2025-12-312025-12-264.71Adjusted closeUnavailableUnavailableBasic EPS (2026-02-18) Diluted EPS (2026-02-18)
2024-12-312024-12-277.17Adjusted close19.3819.38Basic EPS (2026-02-18) Diluted EPS (2026-02-18)
2023-12-312023-12-295.46Adjusted closeUnavailableUnavailableBasic EPS (2026-02-18) Diluted EPS (2026-02-18)
2022-12-312022-12-3010.27Adjusted closeUnavailableUnavailableBasic EPS (2025-02-18) Diluted EPS (2025-02-18)
2021-12-312021-12-3113.57Adjusted closeUnavailableUnavailableBasic EPS (2024-02-20) Diluted EPS (2024-02-20)
2020-12-31UnavailableUnavailableUnavailableUnavailableUnavailableBasic EPS (2023-02-22) Diluted EPS (2023-02-22)
2019-12-31UnavailableUnavailableUnavailableUnavailableUnavailableBasic EPS (2022-02-23) Diluted EPS (2022-02-23)

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