Frontline Ltd.(FRO)Earnings, Financials & Key Ratios
FRO•NYSE
$37.70
$8.39B mkt cap·16.9× P/E·Price updated May 6, 2026
AboutFrontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2021, the company operated a fleet of 70 vessels. It is also involved in the charter, purchase, and sale of vessels. The company was founded in 1985 and is based in Hamilton, Bermuda.Show more
- Revenue$2.05B+13.8%
- EBITDA$1.12B+14.6%
- Net Income$496M-24.5%
- EPS (Diluted)2.23-24.4%
- Gross Margin34.42%-20.1%
- EBITDA Margin54.66%+0.8%
- Operating Margin38.13%-8.0%
- Net Margin24.17%-33.6%
- ROE21.47%-25.7%
- ROIC10.56%-7.4%
- Debt/Equity1.60+5.4%
- Interest Coverage2.59-38.2%
FRO Key Insights
Frontline Ltd. (FRO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 24.9%
- ✓Strong 5Y profit CAGR of 28.8%
- ✓Momentum leader: RS Rating 87 (top 13%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 16.5%
- ✓Healthy dividend yield of 5.2%
✗Weaknesses
- ✗Negative free cash flow
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
FRO Price & Volume
Frontline Ltd. (FRO) stock price & volume — 10-year historical chart
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FRO Growth Metrics
Frontline Ltd. (FRO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years23.83%
5 Years16.45%
3 Years39.87%
TTM-13.41%
Profit CAGR
10 Years12.73%
5 Years28.77%
3 Years-
TTM-60.18%
EPS CAGR
10 Years-
5 Years23.38%
3 Years-
TTM-60%
Return on Capital
10 Years8.44%
5 Years11.2%
3 Years13.36%
Last Year14.09%
FRO Recent Earnings
Frontline Ltd. (FRO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (8%)●Beat Revenue 11/12 qtrs (92%)
Q1 2026Latest
Feb 27, 2026EPS
$1.03
Est $1.15
-10.4%
Revenue
$425M
Est $457M
-7.1%
Q4 2025
Nov 21, 2025EPS
$0.19
Est $0.27
-28.8%
Revenue
$433M
Est $262M
+65.1%
Q3 2025
Aug 29, 2025EPS
$0.36
Est $0.42
-14.3%
Revenue
$480M
Est $253M
+89.5%
Q2 2025
May 23, 2025EPS
$0.18
Est $0.19
-4.6%
Revenue
$428M
Est $256M
+67.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 27, 2026 | $1.03vs $1.15-10.4% | $425Mvs $457M-7.1% |
| Q4 2025 | Nov 21, 2025 | $0.19vs $0.27-28.8% | $433Mvs $262M+65.1% |
| Q3 2025 | Aug 29, 2025 | $0.36vs $0.42-14.3% | $480Mvs $253M+89.5% |
| Q2 2025 | May 23, 2025 | $0.18vs $0.19-4.6% | $428Mvs $256M+67.4% |
Based on last 12 quarters of dataView full earnings history →
FRO Peer Comparison
Frontline Ltd. (FRO) competitors in Marine Tanker Shipping — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 DHT | 3.05B | 18.94 | 14.46 | -13.04% | 42.37% | 19.28% | 0.38 | |
 INSW | 4.24B | 85.77 | 13.77 | -11.38% | 36.67% | 16.02% | 0.29 | |
 TEN | 1.3B | 43.17 | 8.58 | -9.61% | 14.13% | 6.19% | 1.00 | |
 STNG | 4.27B | 82.56 | 11.74 | -24.58% | 36.7% | 11.3% | 0.19 | |
 NAT | 1.22B | 5.77 | 26.23 | -10.71% | 0.68% | 0.41% | 0.53 | |
 ASC | 766.68M | 18.79 | 21.35 | -23.56% | 13.22% | 6.37% | 0.20 | |
 TPVG | 225.54M | 5.57 | 4.57 | 36.55% | 13.09% | 1.33 | ||
 TNK | 2.76B | 79.37 | 7.86 | -22.58% | 36.9% | 17.18% | 0.03 |
Compare FRO vs Peers
Frontline Ltd. (FRO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FRO Income Statement
Frontline Ltd. (FRO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 754.31M | 646.33M | 742.27M | 957.32M | 1.22B | 749.38M | 1.43B | 1.8B | 2.05B | 1.77B |
| Revenue Growth % | 64.36% | -14.32% | 14.84% | 28.97% | 27.56% | -38.64% | 90.85% | 26.01% | 13.77% | -13.41% |
| Cost of Goods Sold | 490.05M | 556.51M | 652.21M | 678.81M | 684.49M | 722.15M | 945.88M | 1.03B | 1.34B | 1.3B |
| COGS % of Revenue | 64.97% | 86.1% | 87.87% | 70.91% | 56.05% | 96.37% | 66.14% | 56.93% | 65.58% | - |
| Gross Profit | 264.26M▲ 0% | 89.81M▼ 66.0% | 90.06M▲ 0.3% | 278.51M▲ 209.2% | 536.7M▲ 92.7% | 27.23M▼ 94.9% | 484.33M▲ 1678.5% | 776.11M▲ 60.2% | 705.68M▼ 9.1% | 468.72M▲ 0% |
| Gross Margin % | 35.03% | 13.9% | 12.13% | 29.09% | 43.95% | 3.63% | 33.86% | 43.07% | 34.42% | 26.54% |
| Gross Profit Growth % | 39.91% | -66.01% | 0.28% | 209.25% | 92.7% | -94.93% | 1678.47% | 60.24% | -9.08% | - |
| Operating Expenses | 86.78M | 286.08M | 7.35M | 38.99M | 28.9M | 18.76M | 38.71M | 29.45M | -76.03M | 17.99M |
| OpEx % of Revenue | 11.5% | 44.26% | 0.99% | 4.07% | 2.37% | 2.5% | 2.71% | 1.63% | -3.71% | - |
| Selling, General & Admin | 37.03M | 37.6M | 37.29M | 45.02M | 58.81M | 26.42M | 47.37M | 53.53M | 36.09M | 41.91M |
| SG&A % of Revenue | 4.91% | 5.82% | 5.02% | 4.7% | 4.82% | 3.53% | 3.31% | 2.97% | 1.76% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 49.75M | 248.48M | -29.94M | -6.03M | -29.9M | -7.67M | -8.66M | -24.08M | -112.12M | -2.09M |
| Operating Income | 177.48M▲ 0% | -196.27M▼ 210.6% | 82.71M▲ 142.1% | 239.52M▲ 189.6% | 507.8M▲ 112.0% | 8.47M▼ 98.3% | 445.62M▲ 5158.0% | 746.67M▲ 67.6% | 781.71M▲ 4.7% | 450.73M▲ 0% |
| Operating Margin % | 23.53% | -30.37% | 11.14% | 25.02% | 41.58% | 1.13% | 31.16% | 41.43% | 38.13% | 25.52% |
| Operating Income Growth % | -38.21% | -210.59% | 142.14% | 189.59% | 112% | -98.33% | 5158.04% | 67.56% | 4.69% | - |
| EBITDA | 320.55M | -52.61M | 207.75M | 362.02M | 652.19M | 168.63M | 610.79M | 977.61M | 1.12B | 781.46M |
| EBITDA Margin % | 42.5% | -8.14% | 27.99% | 37.82% | 53.41% | 22.5% | 42.71% | 54.25% | 54.66% | 44.24% |
| EBITDA Growth % | -6.2% | -116.41% | 494.88% | 74.26% | 80.15% | -74.14% | 262.2% | 60.06% | 14.64% | -29.34% |
| D&A (Non-Cash Add-back) | 143.07M | 143.66M | 125.04M | 122.5M | 144.39M | 160.16M | 165.17M | 230.94M | 339.03M | 330.74M |
| EBIT | 174.55M | -194.22M | 85.19M | 234.75M | 485.15M | 51.18M | 574.66M | 835.12M | 805.58M | 477.74M |
| Net Interest Income | -56.32M | -69.23M | -92.43M | -92.95M | -71.45M | -61.38M | -97.25M | -162M | -285.54M | -238.15M |
| Interest Income | 367K | 588K | 843K | 1.51M | 705K | 121K | 1.46M | 16.5M | 16.79M | 17.08M |
| Interest Expense | 56.69M | 69.81M | 93.28M | 94.46M | 72.16M | 61.51M | 98.71M | 178.5M | 302.32M | 255.23M |
| Other Income/Expense | -59.62M | -67.76M | -90.79M | -99.23M | -94.8M | -18.8M | 30.33M | -90.05M | -278.46M | -228.22M |
| Pretax Income | 117.86M▲ 0% | -264.03M▼ 324.0% | -8.08M▲ 96.9% | 140.29M▲ 1835.9% | 412.99M▲ 194.4% | -10.33M▼ 102.5% | 475.95M▲ 4708.3% | 656.62M▲ 38.0% | 503.25M▼ 23.4% | 222.51M▲ 0% |
| Pretax Margin % | 15.62% | -40.85% | -1.09% | 14.65% | 33.82% | -1.38% | 33.28% | 36.43% | 24.54% | 12.6% |
| Income Tax | 345K | 290K | 316K | 307K | -14K | 4.63M | 412K | 205K | 7.67M | 4.63M |
| Effective Tax Rate % | 0.29% | -0.11% | -3.91% | 0.22% | -0% | -44.86% | 0.09% | 0.03% | 1.52% | 2.08% |
| Net Income | 117.01M▲ 0% | -264.86M▼ 326.4% | -8.88M▲ 96.6% | 139.97M▲ 1676.3% | 412.88M▲ 195.0% | -14.96M▼ 103.6% | 475.54M▲ 3278.5% | 656.41M▲ 38.0% | 495.58M▼ 24.5% | 217.88M▲ 0% |
| Net Margin % | 15.51% | -40.98% | -1.2% | 14.62% | 33.81% | -2% | 33.25% | 36.42% | 24.17% | 12.34% |
| Net Income Growth % | -24.33% | -326.36% | 96.65% | 1676.26% | 194.97% | -103.62% | 3278.51% | 38.04% | -24.5% | -60.18% |
| Net Income (Continuing) | 117.51M | -264.32M | -8.4M | 139.99M | 413.01M | -14.96M | 475.54M | 656.41M | 495.58M | 217.88M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 168K | 321K | 417K | 232K | -472K | -472K | -472K | -472K | -472K | -472K |
| EPS (Diluted) | 0.75▲ 0% | -1.56▼ 308.0% | -0.05▲ 96.8% | 0.78▲ 1675.8% | 2.09▲ 167.9% | -0.06▼ 102.7% | 2.22▲ 4064.3% | 2.95▲ 32.9% | 2.23▼ 24.4% | 0.98▲ 0% |
| EPS Growth % | -41.86% | -308% | 96.83% | 1675.76% | 167.95% | -102.68% | 4064.29% | 32.88% | -24.41% | -60% |
| EPS (Basic) | 0.75 | -1.56 | -0.05 | 0.81 | 2.11 | -0.06 | 2.22 | 2.95 | 2.23 | - |
| Diluted Shares Outstanding | 156.97M | 169.81M | 169.81M | 179.31M | 197.81M | 198.97M | 214.01M | 222.62M | 222.62M | 222.62M |
| Basic Shares Outstanding | 156.97M | 169.78M | 169.81M | 173.58M | 195.64M | 198.97M | 214.01M | 222.62M | 222.62M | 222.62M |
| Dividend Payout Ratio | 140.63% | - | - | 14.07% | 75.66% | - | 7.02% | 97.34% | 87.6% | - |
FRO Balance Sheet
Frontline Ltd. (FRO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 383.63M | 321.61M | 308.25M | 448.49M | 378.32M | 332.75M | 881.05M | 727.93M | 826.01M | 599.91M |
| Cash & Short-Term Investments | 210.83M | 123.38M | 67.32M | 175.35M | 177.36M | 115.51M | 490.81M | 315.75M | 417.56M | 191.65M |
| Cash Only | 202.4M | 104.14M | 66.48M | 174.22M | 174.72M | 113.07M | 254.53M | 308.32M | 413.53M | 189.43M |
| Short-Term Investments | 8.43M | 19.23M | 836K | 1.12M | 2.64M | 2.44M | 236.28M | 7.43M | 4.03M | 2.22M |
| Accounts Receivable | 73.59M | 78.12M | 89.75M | 104.45M | 84.9M | 83.94M | 237.15M | 143.94M | 151.93M | 0 |
| Days Sales Outstanding | 35.61 | 44.12 | 44.13 | 39.82 | 25.38 | 40.89 | 60.52 | 29.15 | 27.05 | 7.85 |
| Inventory | 83.04M | 99.97M | 128.2M | 138M | 92.56M | 119.28M | 80.79M | 245.22M | 0 | 0 |
| Days Inventory Outstanding | 61.85 | 65.57 | 71.75 | 74.2 | 49.36 | 60.29 | 31.17 | 87.23 | - | - |
| Other Current Assets | 5.74M | 4.86M | 5.36M | 6.53M | 15.77M | 5.11M | 31.73M | 7.26M | 256.52M | 408.26M |
| Total Non-Current Assets | 2.58B | 2.81B | 2.77B | 3.25B | 3.54B | 3.78B | 3.9B | 5.15B | 5.39B | 5.11B |
| Property, Plant & Equipment | 2.32B | 2.67B | 2.62B | 3.06B | 3.42B | 3.66B | 3.71B | 4.64B | 5.25B | 4.98B |
| Fixed Asset Turnover | 0.32x | 0.24x | 0.28x | 0.31x | 0.36x | 0.20x | 0.39x | 0.39x | 0.39x | 0.34x |
| Goodwill | 225.27M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 30.91M | 21.78M | 17.23M | 15.75M | 1.28M | 555K | 16.3M | 51.5M | 11.79M | 39.35M |
| Other Non-Current Assets | 4.36M | 4.45M | 20.23M | 9.42M | 7.2M | 12.73M | 56.89M | 355.48M | 22.42M | 61.88M |
| Total Assets | 2.97B▲ 0% | 3.13B▲ 5.6% | 3.08B▼ 1.8% | 3.7B▲ 20.1% | 3.92B▲ 6.0% | 4.12B▲ 5.1% | 4.78B▲ 16.0% | 5.88B▲ 23.2% | 6.22B▲ 5.7% | 5.71B▲ 0% |
| Asset Turnover | 0.25x | 0.21x | 0.24x | 0.26x | 0.31x | 0.18x | 0.30x | 0.31x | 0.33x | 0.29x |
| Asset Growth % | 2.76% | 5.64% | -1.78% | 20.14% | 5.96% | 5.08% | 16.01% | 23.17% | 5.75% | -16% |
| Total Current Liabilities | 182.75M | 222M | 214.22M | 848.12M | 281.36M | 292.68M | 391.66M | 409.05M | 595.65M | 438.3M |
| Accounts Payable | 4.33M | 11.81M | 22.21M | 13.04M | 7.86M | 2.33M | 7.99M | 7.8M | 5.99M | 0 |
| Days Payables Outstanding | 3.22 | 7.75 | 12.43 | 7.01 | 4.19 | 1.18 | 3.08 | 2.77 | 1.62 | 0.42 |
| Short-Term Debt | 67.36M | 113.08M | 120.48M | 438.96M | 167.08M | 198.66M | 277.85M | 262M | 460.32M | 293.56M |
| Deferred Revenue (Current) | 6.3M | 1.65M | 304K | 4.97M | 5.69M | 3.12M | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 30.07M | 15.73M | 23.37M | 32.7M | 52.2M | 82.04M | 40.56M | 65.23M | 76.85M | 0 |
| Current Ratio | 2.10x | 1.45x | 1.44x | 0.53x | 1.34x | 1.14x | 2.25x | 1.78x | 1.39x | 1.39x |
| Quick Ratio | 1.64x | 1.00x | 0.84x | 0.37x | 1.02x | 0.73x | 2.04x | 1.18x | 1.39x | 1.39x |
| Cash Conversion Cycle | 94.24 | 101.94 | 103.45 | 107.02 | 70.54 | 100 | 88.61 | 113.61 | - | 7.43 |
| Total Non-Current Liabilities | 1.28B | 1.72B | 1.7B | 1.34B | 2.03B | 2.17B | 2.12B | 3.2B | 3.28B | 2.95B |
| Long-Term Debt | 914.59M | 1.47B | 1.61B | 1.25B | 1.97B | 2.13B | 2.11B | 3.19B | 3.28B | 2.95B |
| Capital Lease Obligations | 366.1M | 255.7M | 87.93M | 84.01M | 52.64M | 43.98M | 2.37M | 1.43M | 451K | 451K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 3.11M | 1.32M | 1.18M | 1.06M | 3.74M | -4.68M | 2.05M | 472K | 452K | 2.2M |
| Total Liabilities | 1.47B | 1.95B | 1.91B | 2.19B | 2.31B | 2.46B | 2.51B | 3.61B | 3.88B | 3.39B |
| Total Debt | 1.4B | 1.88B | 1.83B | 2.07B | 2.2B | 2.37B | 2.37B | 3.46B | 3.75B | 3.24B |
| Net Debt | 1.2B | 1.78B | 1.76B | 1.89B | 2.03B | 2.26B | 2.12B | 3.15B | 3.33B | 3.05B |
| Debt / Equity | 0.94x | 1.58x | 1.57x | 1.37x | 1.37x | 1.43x | 1.05x | 1.52x | 1.60x | 1.60x |
| Debt / EBITDA | 4.38x | - | 8.81x | 5.71x | 3.37x | 14.05x | 3.89x | 3.54x | 3.34x | 4.15x |
| Net Debt / EBITDA | 3.75x | - | 8.49x | 5.22x | 3.11x | 13.38x | 3.47x | 3.22x | 2.97x | 2.97x |
| Interest Coverage | 3.13x | -2.81x | 0.89x | 2.54x | 7.04x | 0.14x | 4.51x | 4.18x | 2.59x | 1.87x |
| Total Equity | 1.5B▲ 0% | 1.19B▼ 20.8% | 1.16B▼ 2.0% | 1.51B▲ 29.7% | 1.61B▲ 6.7% | 1.65B▲ 2.5% | 2.27B▲ 37.2% | 2.28B▲ 0.4% | 2.34B▲ 2.8% | 2.33B▲ 0% |
| Equity Growth % | 3.69% | -20.81% | -1.97% | 29.72% | 6.71% | 2.54% | 37.22% | 0.43% | 2.76% | -2.67% |
| Book Value per Share | 9.55 | 6.99 | 6.86 | 8.42 | 8.15 | 8.31 | 10.60 | 10.23 | 10.51 | 10.44 |
| Total Shareholders' Equity | 1.5B | 1.19B | 1.16B | 1.51B | 1.61B | 1.65B | 2.27B | 2.28B | 2.34B | 2.33B |
| Common Stock | 169.81M | 169.81M | 169.82M | 196.89M | 197.69M | 203.53M | 222.62M | 222.62M | 222.62M | 222.62M |
| Retained Earnings | 34.07M | -272.5M | -295.12M | -174.83M | 8.02M | -3.13M | 436.19M | 446M | 507.47M | 1.5B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 739K | 2.23M | 224K | 330K | 200K | 228K | 454K | 415K | 1.78M | 409K |
| Minority Interest | 168K | 321K | 417K | 232K | -472K | -472K | -472K | -472K | -472K | -472K |
FRO Cash Flow Statement
Frontline Ltd. (FRO) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 286.01M | 125.69M | 46.17M | 280.19M | 604.06M | 62.93M | 370.89M | 856.18M | 736.41M | 736.41M |
| Operating CF Margin % | 37.92% | 19.45% | 6.22% | 29.27% | 49.46% | 8.4% | 25.93% | 47.51% | 35.92% | - |
| Operating CF Growth % | 37.94% | -56.05% | -63.27% | 506.85% | 115.59% | -89.58% | 489.36% | 130.84% | -13.99% | -21.08% |
| Net Income | 117.51M | -264.32M | -8.4M | 139.99M | 413.01M | -11.15M | 472.72M | 656.41M | 495.58M | 217.88M |
| Depreciation & Amortization | 143.07M | 143.66M | 125.04M | 122.5M | 144.39M | 152.98M | 156.2M | 230.94M | 339.03M | 165.98M |
| Stock-Based Compensation | 0 | 2.1M | 1M | 400K | 0 | 185K | 4.7M | 10.72M | -2.19M | 0 |
| Deferred Taxes | 0 | 0 | 0 | -400K | 0 | -185K | -4.7M | 0 | 0 | 0 |
| Other Non-Cash Items | 40.94M | 249.28M | -31.77M | 21.64M | 1.75M | -43.49M | -126.03M | -33.38M | -92.27M | 293.92M |
| Working Capital Changes | -15.51M | -2.92M | -38.7M | -3.93M | 44.91M | -35.41M | -132M | -8.51M | -3.74M | 39.86M |
| Change in Receivables | 4.29M | -506K | -133K | -13.61M | 21.99M | -22.45M | -59.58M | 14.82M | -2.8M | 0 |
| Change in Inventory | -5.41M | -17M | -48.81M | -9.8M | 43.85M | -26.72M | -98.56M | -27.67M | 7.52M | 0 |
| Change in Payables | -5.17M | 7.49M | 10.4M | -9.17M | -3.84M | -5.53M | 5.67M | 10.47M | 3.4M | 0 |
| Cash from Investing | -396.75M | -722.57M | -199.22M | -190.57M | -715.97M | -363.06M | -239.47M | -1.24B | -483.4M | 77.05M |
| Capital Expenditures | -622.46M | -713.56M | -216.31M | -195.97M | -724.32M | -462.4M | -317.96M | -1.63B | -915.25M | -9.96M |
| CapEx % of Revenue | 82.52% | 110.4% | 29.14% | 20.47% | 59.31% | 61.7% | 22.23% | 90.52% | 44.64% | - |
| Acquisitions | 173.19M | -18.69M | -6M | 3M | -14.89M | 5.63M | -1.5M | 142.74M | 431.85M | 86.65M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 225.71M | 28.37M | 5.34M | 2.4M | 23.24M | 80M | 80M | 1.39M | 0 | 49.5M |
| Cash from Financing | 48.62M | 498.62M | 116.06M | 19.86M | 124.18M | 223.55M | 10.03M | 433.07M | -147.8M | -775.46M |
| Debt Issued (Net) | 124.51M | 548.72M | 116.36M | -54.48M | 444.03M | 175.06M | 46.84M | 1.07B | 286.31M | -534.83M |
| Equity Issued (Net) | 1000K | 0 | 85K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -164.55M | -51.4M | -386K | -19.69M | -312.39M | 0 | -33.39M | -638.93M | -434.12M | -240.43M |
| Share Repurchases | -17K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -9.52M | -3.5M | -386K | -4.39M | -7.46M | 52.45M | 0 | -862K | 0 | -423K |
| Net Change in Cash | -62.12M▲ 0% | -98.26M▼ 58.2% | -36.98M▲ 62.4% | 109.47M▲ 396.0% | 12.27M▼ 88.8% | -76.58M▼ 723.9% | 141.45M▲ 284.7% | 53.8M▼ 62.0% | 105.21M▲ 95.6% | -131.46M▲ 0% |
| Free Cash Flow | -336.44M▲ 0% | -587.87M▼ 74.7% | -170.14M▲ 71.1% | 84.22M▲ 149.5% | -120.26M▼ 242.8% | -399.47M▼ 232.2% | 52.93M▲ 113.3% | -775.24M▼ 1564.7% | -178.84M▲ 76.9% | 557M▲ 0% |
| FCF Margin % | -44.6% | -90.95% | -22.92% | 8.8% | -9.85% | -53.31% | 3.7% | -43.02% | -8.72% | 31.54% |
| FCF Growth % | 41.93% | -74.73% | 71.06% | 149.5% | -242.8% | -232.18% | 113.25% | -1564.66% | 76.93% | 132.39% |
| FCF per Share | -2.14 | -3.46 | -1.00 | 0.47 | -0.61 | -2.01 | 0.25 | -3.48 | -0.80 | -0.80 |
| FCF Conversion (FCF/Net Income) | 2.44x | -0.47x | -5.20x | 2.00x | 1.46x | -4.21x | 0.78x | 1.30x | 1.49x | 2.56x |
| Interest Paid | 53.47M | 57.29M | 80.89M | 90.6M | 67.86M | 54.65M | 0 | 0 | 274.69M | 0 |
| Taxes Paid | 716K | 1.22M | 329K | 324K | 27K | 4.99M | 199K | 122K | 4.53M | 0 |
FRO Key Ratios
Frontline Ltd. (FRO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 7.94% | -19.71% | -0.76% | 10.47% | 26.45% | -0.92% | 24.26% | 28.89% | 21.47% | 9.37% |
| Return on Invested Capital (ROIC) | 5.09% | -5.2% | 2.11% | 5.68% | 10.82% | 0.17% | 8.06% | 11.41% | 10.56% | 10.56% |
| Gross Margin | 35.03% | 13.9% | 12.13% | 29.09% | 43.95% | 3.63% | 33.86% | 43.07% | 34.42% | 26.54% |
| Net Margin | 15.51% | -40.98% | -1.2% | 14.62% | 33.81% | -2% | 33.25% | 36.42% | 24.17% | 12.34% |
| Debt / Equity | 0.94x | 1.58x | 1.57x | 1.37x | 1.37x | 1.43x | 1.05x | 1.52x | 1.60x | 1.60x |
| Interest Coverage | 3.13x | -2.81x | 0.89x | 2.54x | 7.04x | 0.14x | 4.51x | 4.18x | 2.59x | 1.87x |
| FCF Conversion | 2.44x | -0.47x | -5.20x | 2.00x | 1.46x | -4.21x | 0.78x | 1.30x | 1.49x | 2.56x |
| Revenue Growth | 64.36% | -14.32% | 14.84% | 28.97% | 27.56% | -38.64% | 90.85% | 26.01% | 13.77% | -13.41% |
FRO Frequently Asked Questions
Frontline Ltd. (FRO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Frontline Ltd. (FRO) reported $1.77B in revenue for fiscal year 2024. This represents a 5172% increase from $33.5M in 1995.
Frontline Ltd. (FRO) grew revenue by 13.8% over the past year. This is steady growth.
Yes, Frontline Ltd. (FRO) is profitable, generating $217.9M in net income for fiscal year 2024 (24.2% net margin).
Dividend & Returns
Yes, Frontline Ltd. (FRO) pays a dividend with a yield of 5.17%. This makes it attractive for income-focused investors.
Frontline Ltd. (FRO) has a return on equity (ROE) of 21.5%. This is excellent, indicating efficient use of shareholder capital.
Frontline Ltd. (FRO) generated $557.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More FRO
Frontline Ltd. (FRO) financial analysis — history, returns, DCA and operating performance tools
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