FRO FY 2023 Earnings — Frontline Ltd. Revenue & Financial Results | Market Cap Arena

FROFrontline Ltd.

$8B

FY 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$1.8B+26.0% YoY

Gross Profit

$776M43.1% margin

Operating Income

$747M41.4% margin

Net Income

$656M36.4% margin

EPS (Diluted)

$2.95

Cash Flow

Operating Cash Flow

$856M

Free Cash Flow

-$775M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$5.9B

Total Liabilities

$3.6B

Stockholders' Equity

$2.3B

Cash & Equivalents

$308M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.8B	$1.4B	+26.0%
Gross Profit	$776M	$484M	+60.2%
Operating Income	$747M	$446M	+67.6%
Net Income	$656M	$476M	+38.0%