FRO

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Frontline Plc

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Key Metrics

Previous Close: $44.45
52-Week Range: $19.87 – $45.17
Market Cap: $9.70B
P/E (TTM): 10.94
EPS (TTM): 3.98
Dividend Yield: 7.04%

Advanced Metrics

Price/Book: 3.41
PEG Ratio: 5.58
Return on Equity: 35.01%
Return on Assets: 9.21%
Gross Margin: 55.83%
Operating Margin: 51.81%
Profit Margin: 40.19%
Current Ratio: 2.03
Debt/Equity: 0.93
Total Debt: $2.63B
Free Cash Flow: $373.96M
Revenue Growth: 66.90%
Earnings Growth: 1579.70%
Enterprise Value: $11.86B

FRO Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.43B	$1.80B	$2.05B	$1.97B
Cost of Revenue	$945.88M	$1.03B	$1.34B	$1.32B
Gross Profit	$484.33M	$776.11M	$705.68M	$644.05M
Selling, General & Admin	$47.37M	$53.53M	$36.09M	$51.37M
Operating Expenses	$47.50M	$51.80M	$36.04M	$51.23M
Operating Income	$436.83M	$724.31M	$669.63M	$592.82M
EBITDA	$739.83M	$1.07B	$1.14B	$944.62M
Pretax Income	$475.95M	$656.62M	$503.25M	$385.10M
Income Tax	$412.00K	$205.00K	$7.67M	$6.02M
Net Income	$475.54M	$656.41M	$495.58M	$379.08M
Diluted EPS	2.21	2.95	2.23	1.70
Diluted Shares	214.01M	222.62M	222.62M	222.62M

FRO Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$254.53M	$308.32M	$413.53M	$251.35M
Receivables	$167.21M	$159.69M	$151.93M	$169.52M
Inventory	$217.75M	$245.22M	$237.22M	$261.17M
Current Assets	$881.05M	$727.93M	$826.01M	$707.25M
Total Assets	$4.77B	$5.88B	$6.22B	$5.75B
Current Liabilities	$391.66M	$409.05M	$595.65M	$494.71M
Long-Term Debt	$2.11B	$3.19B	$3.28B	$2.75B
Total Debt	$2.39B	$3.46B	$3.75B	$3.07B
Total Liabilities	$2.51B	$3.61B	$3.88B	$3.24B
Retained Earnings	$428.51M	$446.00M	$507.47M	$679.51M
Shareholders' Equity	$2.26B	$2.28B	$2.34B	$2.51B
Working Capital	$489.39M	$318.87M	$230.36M	$212.55M
Net Debt	$2.14B	$3.15B	$3.33B	$2.82B

FRO Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$385.33M	$856.18M	$736.41M	$682.46M
Capital Expenditure	-$335.81M	-$1.63B	-$915.25M	-$12.53M
Free Cash Flow	$49.52M	-$775.24M	-$178.84M	$669.93M
Depreciation & Amortisation	$165.17M	$230.94M	$339.03M	$328.46M
Stock-Based Compensation	$4.70M	$10.72M	-$2.19M	$5.56M
Investing Cash Flow	-$257.32M	-$1.24B	-$483.40M	$24.98M
Financing Cash Flow	$13.44M	$433.07M	-$147.80M	-$869.62M
Dividends Paid	-$33.39M	-$638.93M	-$434.12M	-$207.04M
Net Change in Cash	$141.45M	$53.80M	$105.21M	-$162.19M

FRO Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$427.87M	$480.08M	$432.65M	$624.51M	$714.24M
Cost of Revenue	$321.58M	$336.55M	$327.33M	$335.60M	$318.28M
Gross Profit	$106.29M	$143.53M	$105.32M	$288.91M	$395.96M
Selling, General & Admin	$13.35M	$11.52M	$15.33M	$11.17M	$25.92M
Operating Expenses	$13.12M	$11.65M	$9.36M	$17.10M	-$189.17M
Operating Income	$93.17M	$131.88M	$95.97M	$271.81M	$585.13M
EBITDA	$98.09M	$137.33M	$100.67M	$277.94M	$599.91M
Pretax Income	$35.29M	$79.06M	$41.64M	$229.11M	$559.69M
Income Tax	$2.00M	$1.52M	$1.32M	$1.18M	$570.00K
Net Income	$33.29M	$77.54M	$40.32M	$227.93M	$559.12M
Diluted EPS	0.15	0.35	0.18	1.02	2.51
Diluted Shares	222.62M	222.62M	222.62M	222.62M	222.62M

FRO Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$436.54M	$476.72M	$189.43M	$251.35M	$470.76M
Receivables	—	$155.40M	—	$169.52M	—
Inventory	—	$229.08M	—	$261.17M	—
Current Assets	$835.56M	$887.84M	$599.91M	$707.25M	$959.14M
Total Assets	$6.14B	$6.11B	$5.71B	$5.75B	$5.67B
Current Liabilities	$457.90M	$473.48M	$438.30M	$494.71M	$471.50M
Long-Term Debt	$3.35B	$3.27B	$2.95B	$2.75B	$2.35B
Total Debt	$3.67B	$3.59B	$3.24B	$3.07B	$2.63B
Total Liabilities	$3.81B	$3.74B	$3.39B	$3.24B	$2.82B
Retained Earnings	$496.23M	$533.70M	$493.88M	$679.51M	$1.01B
Shareholders' Equity	$2.33B	$2.37B	$2.33B	$2.51B	$2.84B
Working Capital	$377.67M	$414.36M	$161.61M	$212.55M	$487.64M
Net Debt	$3.23B	$3.11B	$3.05B	$2.82B	$2.16B

FRO Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$137.93M	$153.55M	$107.63M	$283.35M	$382.50M
Capital Expenditure	-$466.00K	-$1.94M	-$3.24M	-$6.89M	-$323.04M
Free Cash Flow	$137.46M	$151.61M	$104.40M	$276.46M	$59.45M
Investing Cash Flow	-$106.00K	-$1.94M	$33.91M	-$6.89M	$506.13M
Financing Cash Flow	-$114.81M	-$111.43M	-$428.84M	-$214.54M	-$669.22M
Dividends Paid	-$44.52M	-$40.07M	-$80.14M	-$42.30M	-$229.30M
Net Change in Cash	$23.01M	$40.18M	-$287.29M	$61.92M	$219.41M

Market Snapshot

About

Frontline is one of the world's largest oil tanker shipping companies, operating a fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers that transport crude oil globally. The company's business model is heavily influenced by fluctuations in oil tanker rates, oil demand, and global trade patterns. Headquartered in Hamilton, Bermuda with operations managed from Norway, Frontline serves major oil companies, refiners, and trading houses worldwide. The tanker shipping industry is cyclical, with freight rates and vessel values affected by factors including OPEC production decisions, global economic growth, and environmental regulations.