Frontline (FRO) EBITDA (2009 - 2025)
Frontline (FRO) posted EBITDA of $359.9 million for Q4 2025, up 101.31% on a QoQ basis from $178.8 million in Q3 2025, and up 69.09% year-over-year from $212.9 million in Q4 2024.
Frontline (FRO) EBITDA (2009 - 2025) Analysis & Trends
Frontline's EBITDA history runs 17 years deep, the most recent figure standing at $359.9 million for Q4 2025.
- Quarterly EBITDA rose 69.09% year-over-year to $359.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $927.2 million (down 17.27% YoY) and the FY2025 annual result came in at $927.2 million, down 17.27% from the prior year.
- EBITDA was $359.9 million for Q4 2025 at Frontline, up from $178.8 million in the prior quarter.
- Across five years, EBITDA topped out at $359.9 million in Q4 2025 and bottomed at $18.2 million in Q3 2021.
- A 5-year average of $189.3 million and a median of $188.4 million in 2023 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2021 — EBITDA sank 90.57% — and 2022, when it soared 744.81%.
- Frontline's EBITDA stood at $57.0 million in 2021, then soared by 400.58% to $285.4 million in 2022, then slumped by 30.61% to $198.1 million in 2023, then advanced by 7.47% to $212.9 million in 2024, then jumped by 69.09% to $359.9 million in 2025.
- Business Quant data shows FRO's EBITDA at $359.9 million in Q4 2025, $178.8 million in Q3 2025, and $214.0 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 133.31 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 64.35 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 1.35 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 2.35 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 1.90 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 1.43 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 2.98 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 846.90 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 1.43 Bn |
| 10 | Frontline | 1.55 Bn | 1.29 Bn | - | 359.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 359.94 Mn |
| Sep 30, 2025 | 178.80 Mn |
| Jun 30, 2025 | 214.05 Mn |
| Mar 31, 2025 | 174.43 Mn |
| Dec 31, 2024 | 212.86 Mn |
| Sep 30, 2024 | 228.97 Mn |
| Jun 30, 2024 | 339.63 Mn |
| Mar 31, 2024 | 339.28 Mn |
| Dec 31, 2023 | 198.07 Mn |
| Sep 30, 2023 | 173.03 Mn |
| Jun 30, 2023 | 310.07 Mn |
| Mar 31, 2023 | 296.44 Mn |
| Dec 31, 2022 | 285.42 Mn |
| Sep 30, 2022 | 153.89 Mn |
| Jun 30, 2022 | 99.27 Mn |
| Mar 31, 2022 | 61.69 Mn |
| Dec 31, 2021 | 57.02 Mn |
| Sep 30, 2021 | 18.22 Mn |
| Jun 30, 2021 | 24.52 Mn |
| Mar 31, 2021 | 60.23 Mn |