Republic Airways Holdings vs Frontier Group Holdings
Frontier Group Holdings is the larger business, with $3.72bn of revenue in fiscal 2025 against $1.68bn for Republic Airways Holdings (2.2 times as much). Republic Airways Holdings grew faster (13.7% against -1.4%). Republic Airways Holdings kept more of each dollar of sales as profit: a net margin of 4.5% against -3.7%. Republic Airways Holdings carries less debt relative to equity (82.4% against 126.3%).
| Latest fiscal year | Republic Airways HoldingsRJET, 2025 | Frontier Group HoldingsULCC, 2025 |
|---|---|---|
| Revenue | $1.68bn | $3.72bn |
| Revenue growth | 13.7% | -1.4% |
| Net income | $76.2m | −$137m |
| Operating margin | 10.0% | -4.0% |
| Net margin | 4.5% | -3.7% |
| Return on equity | 6.2% | -25.0% |
| Free cash flow | −$74.9m | −$600m |
| Cash | $134m | $671m |
| Total debt | $1.09bn | $620m |
| Debt to equity | 82.4% | 126.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 8,400 | 7,750 |
| Market value | $884m | $1.50bn |
| Price vs our value range | — | — |
| Moat score | 26 (Weak) | 31 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 21 sales |