Frontline (FRO) EBITDA Margin (2009 - 2025)
Frontline (FRO) reported EBITDA Margin of 36.5% for Q4 2025, up 2055.0% on a YoY basis from 1.69% in Q4 2024, and up 303.5% quarter-over-quarter from 9.05% in Q3 2025.
Frontline (FRO) EBITDA Margin (2009 - 2025) Analysis & Trends
Frontline has reported EBITDA Margin for 17 years, with the latest figure at 36.5% in Q4 2025.
- For the quarter ending Q4 2025, EBITDA Margin rose 2055.0% year-over-year to 36.5%; the trailing twelve-month figure through Dec 2025 stood at 26.17% (up 194.0% YoY), and the FY2025 full-year result was 19.22%, down 501.0% from the prior year.
- EBITDA Margin for Q4 2025 stood at 36.5%, up from 9.05% in the prior quarter.
- The five-year high for EBITDA Margin was 114.17% in Q1 2021, with the low at 19.34% in Q3 2021.
- Historically, EBITDA Margin has averaged 26.9% across 5 years, with a median of 28.53% in 2023.
- Annual changes were most pronounced in 2021 — EBITDA Margin surged 7402 bps — and 2022, when it plunged 10084 bps.
- Frontline's EBITDA Margin stood at 9.3% in 2021, then surged 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 soared by 129 bps to 36.5% in 2025.
- The last three EBITDA Margin figures came in at 36.5% (Q4 2025), 9.05% (Q3 2025), and 44.59% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 14.43% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 13.17% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 29.91% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 10.74% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 50.33% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 28.57% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 14.85% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 68.07% |
| 10 | Frontline | 8.07 Mn | -252.48 Mn | - | 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% |