Frontier Airlines Valuation Multiples

Frontier Airlines Overview

About Frontier Airlines

Frontier Group Holdings Inc is an ultra-low-cost carrier whose business is focused on Low Fares Done Right. The company owns a fleet of 120 Airbus single-aisle aircraft, consisting of 13 A320ceos, 82 A320neos, 21 A321ceos, and 4 A321neos. The use of these aircraft, their seating configuration, weight-saving tactics, and baggage process have all contributed to the ability to continue to be the fuel-efficient of all the U.S. The Company is managed as a single business unit that provides air transportation for passengers. The majority of revenue is from Domestic flight follow by International.

Founded

2012

HQ

Employees

7.8K

Website

flyfrontier.com

Sectors

Airlines

Financials (LTM)

Revenue: $4B

EBITDA: ($109M)

EV

$6B

Valuation Multiples

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Frontier Airlines Financials

Frontier Airlines reported last 12-month revenue of $4B and negative EBITDA of ($109M).

In the same LTM period, Frontier Airlines generated ($109M) in EBITDA losses and had net loss of ($184M).

Frontier Airlines P&L

In the most recent fiscal year, Frontier Airlines reported revenue of $4B and EBITDA of ($32M).

Frontier Airlines expects next 12-month revenue of XXX and NTM EBITDA of XXX

Frontier Airlines Stock Performance

Frontier Airlines has current market cap of $1B, and enterprise value of $6B.

Frontier Airlines' stock price is $4.55.

Frontier Airlines Valuation Multiples

Frontier Airlines trades at 1.5x EV/Revenue multiple, and (53.8x) EV/EBITDA.

Frontier Airlines Financial Valuation Multiples

As of April 20, 2026, Frontier Airlines has market cap of $1B and EV of $6B.

Equity research analysts estimate Frontier Airlines' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Frontier Airlines has a P/E ratio of (5.7x).

Frontier Airlines Margins & Growth Rates

Frontier Airlines' revenue in the last 12 month grew by 19%.

Frontier Airlines' revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.0M for the same period.

Frontier Airlines' rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Frontier Airlines' rule of X is 52% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Frontier Airlines Public Comps

See public comps and valuation multiples for other Airlines comps.

Frontier Airlines M&A Activity

Frontier Airlines acquired XXX companies to date.

Last acquisition by Frontier Airlines was on XXXXXXXX, XXXXX. Frontier Airlines acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Frontier Airlines Investment Activity

Frontier Airlines invested in XXX companies to date.

Frontier Airlines made its latest investment on XXXXXXXX, XXXXX. Frontier Airlines invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).