Frontline (FRO) EBITDA Margin (2009 - 2025)
Frontline (FRO) posted EBITDA Margin of 57.64% for Q4 2025, up 39.47% on a QoQ basis from 41.33% in Q3 2025, and up 763.0% year-over-year from 6.68% in Q4 2024.
Frontline (FRO) EBITDA Margin (2009 - 2025) Analysis & Trends
Frontline's EBITDA Margin history runs 17 years deep, the most recent figure standing at 57.64% for Q4 2025.
- Quarterly EBITDA Margin rose 763.0% year-over-year to 57.64% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 47.18% (down 748.0% YoY) and the FY2025 annual result came in at 47.18%, down 748.0% from the prior year.
- EBITDA Margin was 57.64% for Q4 2025 at Frontline, up from 41.33% in the prior quarter.
- Across five years, EBITDA Margin topped out at 61.08% in Q2 2024 and bottomed at 10.6% in Q3 2021.
- A 5-year average of 42.64% and a median of 45.24% in 2023 frame the typical range for EBITDA Margin.
- Annual changes were most pronounced in 2021 — EBITDA Margin plunged 5273 bps — and 2023, when it soared 3123 bps.
- Frontline's EBITDA Margin stood at 26.7% in 2021, then soared by 102 bps to 53.84% in 2022, then decreased by 11 bps to 47.73% in 2023, then gained by 5 bps to 50.01% in 2024, then gained by 15 bps to 57.64% in 2025.
- Business Quant data shows FRO's EBITDA Margin at 57.64% in Q4 2025, 41.33% in Q3 2025, and 44.59% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 71.56% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 79.97% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 30.06% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 14.43% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 13.17% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 0.10% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 10.74% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 20.68% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 14.85% |
| 10 | Frontline | 1.55 Bn | 1.29 Bn | - | 57.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 57.64% |
| Sep 30, 2025 | 41.33% |
| Jun 30, 2025 | 44.59% |
| Mar 31, 2025 | 40.77% |
| Dec 31, 2024 | 50.01% |
| Sep 30, 2024 | 46.70% |
| Jun 30, 2024 | 61.08% |
| Mar 31, 2024 | 58.66% |
| Dec 31, 2023 | 47.73% |
| Sep 30, 2023 | 45.89% |
| Jun 30, 2023 | 60.47% |
| Mar 31, 2023 | 59.61% |
| Dec 31, 2022 | 53.84% |
| Sep 30, 2022 | 40.27% |
| Jun 30, 2022 | 33.04% |
| Mar 31, 2022 | 28.37% |
| Dec 31, 2021 | 26.70% |
| Sep 30, 2021 | 10.60% |
| Jun 30, 2021 | 14.42% |
| Mar 31, 2021 | 31.05% |