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
DateValue
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