Frontline (FRO) FCF Margin (2009 - 2025)
Frontline (FRO) posted FCF Margin of 46.48% for Q4 2025, up 81.37% on a QoQ basis from 25.63% in Q3 2025, and up 603.0% year-over-year from 6.61% in Q4 2024.
Frontline (FRO) FCF Margin (2009 - 2025) Analysis & Trends
Frontline's FCF Margin history runs 17 years deep, the most recent figure standing at 46.48% for Q4 2025.
- Quarterly FCF Margin rose 603.0% year-over-year to 46.48% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 35.37% (down 4519.0% YoY) and the FY2025 annual result came in at 35.37%, down 4519.0% from the prior year.
- FCF Margin was 46.48% for Q4 2025 at Frontline, up from 25.63% in the prior quarter.
- Across five years, FCF Margin topped out at 380.33% in Q4 2023 and bottomed at 15.49% in Q1 2022.
- A 5-year average of 73.0% and a median of 45.01% in 2024 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2023 — FCF Margin jumped 32393 bps — and 2024, when it sank 33988 bps.
- Frontline's FCF Margin stood at 117.45% in 2021, then tumbled by 52 bps to 56.4% in 2022, then jumped by 574 bps to 380.33% in 2023, then sank by 89 bps to 40.45% in 2024, then increased by 15 bps to 46.48% in 2025.
- Business Quant data shows FRO's FCF Margin at 46.48% in Q4 2025, 25.63% in Q3 2025, and 32.39% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 53.09% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 15.79% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 21.84% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | -0.43% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 3.38% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 97.53% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 5.26% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | -3.91% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 0.73% |
| 10 | Frontline | 1.55 Bn | 1.29 Bn | - | 46.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 46.48% |
| Sep 30, 2025 | 25.63% |
| Jun 30, 2025 | 32.39% |
| Mar 31, 2025 | 32.34% |
| Dec 31, 2024 | 40.45% |
| Sep 30, 2024 | 34.06% |
| Jun 30, 2024 | 43.54% |
| Mar 31, 2024 | 185.06% |
| Dec 31, 2023 | 380.33% |
| Sep 30, 2023 | 53.77% |
| Jun 30, 2023 | 55.72% |
| Mar 31, 2023 | 84.60% |
| Dec 31, 2022 | 56.40% |
| Sep 30, 2022 | 38.65% |
| Jun 30, 2022 | 71.10% |
| Mar 31, 2022 | 15.49% |
| Dec 31, 2021 | 117.45% |
| Sep 30, 2021 | 19.39% |
| Jun 30, 2021 | 98.14% |
| Mar 31, 2021 | 29.04% |