Frontline (FRO) EBITDA Margin (2009 - 2025)
Frontline (FRO) posted EBITDA Margin of 36.5% for Q4 2025, up 303.5% on a QoQ basis from 9.05% in Q3 2025, and up 2055.0% year-over-year from 1.69% in Q4 2024.
Frontline (FRO) EBITDA Margin (2009 - 2025) Analysis & Trends
Frontline (FRO) has reported EBITDA Margin for 17 consecutive years, with 36.5% the latest figure, recorded in Q4 2025.
- EBITDA Margin for Q4 2025 came in at 36.5%, up 2055.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 26.17% (up 194.0% YoY), and the FY2025 annual result was 19.22%, down 501.0% from the prior year.
- EBITDA Margin was 36.5% for Q4 2025 at Frontline, up from 9.05% in the prior quarter.
- Over five years, EBITDA Margin peaked at 114.17% in Q1 2021 and troughed at 19.34% in Q3 2021.
- A 5-year average of 26.9% and a median of 28.53% in 2023 frame the typical range for EBITDA Margin.
- Annual changes were most pronounced in 2021 — EBITDA Margin soared 7402 bps — and 2022, when it tumbled 10084 bps.
- Year by year, EBITDA Margin stood at 9.3% in 2021, then jumped by 387 bps to 45.27% in 2022, then tumbled by 37 bps to 28.49% in 2023, then plunged by 44 bps to 15.95% in 2024, then surged by 129 bps to 36.5% in 2025.
- Per Business Quant, the three latest FRO EBITDA Margin figures stand at 36.5% (Q4 2025), 9.05% (Q3 2025), and 44.59% (Q2 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 14.43% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 29.91% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 13.17% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 10.74% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 28.57% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 50.33% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 14.85% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 14.83% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 30.44% |
| 10 | Frontline | 7.75 Bn | 7.48 Bn | - | 36.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 36.50% |
| Sep 30, 2025 | 9.05% |
| Jun 30, 2025 | 44.59% |
| Mar 31, 2025 | 7.76% |
| Dec 31, 2024 | 15.95% |
| Sep 30, 2024 | 12.28% |
| Jun 30, 2024 | 33.70% |
| Mar 31, 2024 | 31.38% |
| Dec 31, 2023 | 28.49% |
| Sep 30, 2023 | 28.56% |
| Jun 30, 2023 | 45.00% |
| Mar 31, 2023 | 40.15% |
| Dec 31, 2022 | 45.27% |
| Sep 30, 2022 | 40.43% |
| Jun 30, 2022 | 17.13% |
| Mar 31, 2022 | 13.32% |
| Dec 31, 2021 | 9.30% |
| Sep 30, 2021 | -19.34% |
| Jun 30, 2021 | -15.68% |
| Mar 31, 2021 | 114.17% |