Frontline Ltd. (FRO) Earnings History
Annual and quarterly earnings data from 1994 to 2024
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FRO EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
FRO Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 34.4% | 38.1% | 24.2% |
| 2023 | 43.1% | 41.4% | 36.4% |
| 2022 | 33.9% | 31.2% | 33.2% |
| 2021 | 3.6% | 1.1% | -2.0% |
| 2020 | 43.9% | 41.6% | 33.8% |
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Frontline Ltd. (FRO) Earnings Overview
As of May 8, 2026, Frontline Ltd. (FRO) reported trailing twelve-month net income of $218M, reflecting -24.4% year-over-year growth. The company earned $0.98 per diluted share over the past four quarters, with a net profit margin of 24.2%.
Looking at the long-term picture, FRO's 5-year EPS compound annual growth rate (CAGR) stands at +23.4%, indicating exceptional earnings growth. The company achieved its highest annual net income of $1.02B in fiscal 2004.
Frontline Ltd. maintains industry-leading profitability with a gross margin of 34.4%, operating margin of 38.1%, and net margin of 24.2%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including DHT ($331M net income, 42.5% margin), INSW ($546M net income, 36.7% margin), TEN ($110M net income, 21.9% margin), FRO has room to improve margins relative to the peer group. Compare FRO vs DHT →
FRO Earnings vs Peers
Earnings metrics vs comparable public companies
FRO Historical Earnings Data (1994–2024)
31 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $496M | -24.5% | $782M | $2.23 | 24.2% | 38.1% |
| 2023 | $656M | +38.0% | $747M | $2.95 | 36.4% | 41.4% |
| 2022 | $476M | +3278.5% | $446M | $2.22 | 33.2% | 31.2% |
| 2021 | -$15M | -103.6% | $8M | $-0.06 | -2.0% | 1.1% |
| 2020 | $413M | +195.0% | $508M | $2.09 | 33.8% | 41.6% |
| 2019 | $140M | +1676.3% | $240M | $0.78 | 14.6% | 25.0% |
| 2018 | -$9M | +96.6% | $83M | $-0.05 | -1.2% | 11.1% |
| 2017 | -$265M | -326.4% | -$196M | $-1.56 | -41.0% | -30.4% |
| 2016 | $117M | -24.3% | $177M | $0.75 | 15.5% | 23.5% |
| 2015 | $155M | +3.4% | $287M | $1.29 | 33.7% | 62.6% |
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Start ComparisonFRO — Frequently Asked Questions
Quick answers to the most common questions about buying FRO stock.
Is FRO growing earnings?
FRO EPS fell to $0.98, with earnings declining -24.4%. This contrasts with the 5-year CAGR of +23.4%. TTM net income dropped to $218M.
What are FRO's profit margins?
Frontline Ltd. net margin is +24.2%, with operating margin at +38.1%. Above-average margins indicate pricing power.
How consistent are FRO's earnings?
FRO earnings data spans 1994-2024. The declining earnings trend is -24.4% YoY. Historical data enables comparison across business cycles.