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FRO (Frontline Ltd.) Stock Financials & Earnings | Market Cap Arena
FRO
Frontline Ltd.
Mkt Cap
$8B
Energy
·
Oil & Gas Midstream
·
🇧🇲 Bermuda
·
NYSE
Revenue (TTM)
$2.0B
Net Income (TTM)
$379M
EPS (TTM)
$1.70
Free Cash Flow (TTM)
$670M
Gross Margin
32.8%
Op. Margin
30.5%
Net Margin
19.3%
FCF Margin
34.1%
P/S Ratio (TTM)
4.1x
P/E Ratio (TTM)
21.4x
YoY Rev Growth
-4.2%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$497M
$239M
$241M
Q2 23
$513M
$255M
$253M
Q3 23
$377M
$130M
$115M
Q4 23
$415M
$152M
$138M
Q1 24
$578M
$223M
$251M
Q2 24
$556M
$217M
$256M
Q3 24
$490M
$152M
$145M
Q4 24
$426M
$114M
$130M
Q1 25
$428M
$106M
$93M
Q2 25
$480M
$144M
$132M
Q3 25
$433M
$105M
$96M
Q4 25
$625M
$289M
$278M
marketcaparena.com
Revenue Breakdown
FRO
Frontline Ltd.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
4.7x
12.5x
Q2 23
4.2x
9.8x
Q3 23
4.2x
10.4x
Q4 23
4.5x
12.3x
Q1 24
4.3x
12.7x
Q2 24
4.2x
13.6x
Q3 24
4.0x
14.8x
Q4 24
3.9x
16.3x
Q1 25
4.3x
23.3x
Q2 25
4.4x
34.0x
Q3 25
4.6x
37.2x
Q4 25
4.1x
21.4x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$263M
$112M
Q2 23
$283M
$281M
Q3 23
$71M
-$13M
Q4 23
$100M
-$1.4B
Q1 24
$171M
-$728M
Q2 24
$233M
$223M
Q3 24
$165M
$162M
Q4 24
$168M
$164M
Q1 25
$138M
$137M
Q2 25
$154M
$152M
Q3 25
$108M
$104M
Q4 25
$283M
$276M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$151M
Q2 23
$3M
Q3 23
$84M
Q4 23
$1.5B
Q1 24
$899M
Q2 24
$9M
Q3 24
$2M
Q4 24
$4M
Q1 25
$466K
Q2 25
$2M
Q3 25
$3M
Q4 25
$7M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+128.7%
+30.4%
Q2 23
+70.7%
+11.3%
Q3 23
-1.3%
-2.8%
Q4 23
-21.7%
-1.4%
Q1 24
+16.3%
+27.6%
Q2 24
+8.4%
+15.5%
Q3 24
+30.0%
+31.7%
Q4 24
+2.6%
+6.8%
Q1 25
-26.0%
+2.3%
Q2 25
-13.7%
+16.0%
Q3 25
-11.8%
-2.6%
Q4 25
+46.7%
+17.2%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$0
0.0%
Q2 23
$0
0.0%
Q3 23
$0
0.0%
Q4 23
$11M
2.7%
Q1 24
$0
0.0%
Q2 24
$0
0.0%
Q3 24
$0
0.0%
Q4 24
$0
0.0%
Q1 25
$0
0.0%
Q2 25
$0
0.0%
Q3 25
$0
0.0%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
G&A
SG&A
Quarter
G&A
SG&A
Q1 23
$13M
—
Q2 23
$12M
—
Q3 23
$15M
—
Q4 23
$14M
—
Q1 24
$15M
—
Q2 24
$13M
—
Q3 24
$7M
—
Q4 24
$2M
—
Q1 25
$13M
—
Q2 25
$12M
—
Q3 25
$15M
—
Q4 25
—
$11M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$225M
$233M
$458M
Q2 23
$307M
$212M
$519M
Q3 23
$285M
$230M
$516M
Q4 23
$308M
$7M
$316M
Q1 24
$297M
$6M
$304M
Q2 24
$359M
$8M
$367M
Q3 24
$321M
$5M
$326M
Q4 24
$414M
$4M
$418M
Q1 25
$437M
$2M
$438M
Q2 25
$477M
$2M
$479M
Q3 25
$189M
$2M
$192M
Q4 25
$251M
$2M
$253M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
223M
+0.2%
Q2 23
223M
-0.0%
Q3 23
223M
+0.0%
Q4 23
223M
-0.0%
Q1 24
223M
+0.0%
Q2 24
223M
+0.0%
Q3 24
223M
+0.0%
Q4 24
223M
+0.0%
Q1 25
223M
+0.0%
Q2 25
223M
+0.0%
Q3 25
223M
+0.0%
Q4 25
223M
-0.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$2M
118
FY 15
$4M
123
FY 16
$6M
135
FY 17
$5M
128
FY 18
$5M
145
FY 19
$6M
157
FY 20
$15M
84
FY 21
$9M
79
FY 22
$18M
78
FY 23
$20M
88
FY 24
$24M
85
FY 25
$23M
85
marketcaparena.com