Frontline (FRO) Invested Capital (2009 - 2025)
Frontline (FRO) posted Invested Capital of $5.6 billion for Q4 2025, up 113.02% on a QoQ basis from $2.6 billion in Q3 2025, and down 8.32% year-over-year from $6.1 billion in Q4 2024.
Frontline (FRO) Invested Capital (2009 - 2025) Analysis & Trends
Frontline (FRO) has reported Invested Capital for 17 consecutive years, with $5.6 billion the latest figure, recorded in Q4 2025.
- Invested Capital for Q4 2025 came in at $5.6 billion, down 8.32% year-over-year; the trailing twelve-month figure through Dec 2025 was $5.6 billion (down 8.32% YoY), and the FY2025 annual result was $5.6 billion, down 8.32% from the prior year.
- Invested Capital was $5.6 billion for Q4 2025 at Frontline, up from $2.6 billion in the prior quarter.
- Over five years, Invested Capital peaked at $6.1 billion in Q4 2024 and troughed at $418.8 million in Q2 2022.
- A 5-year average of $2.9 billion and a median of $2.6 billion in 2025 frame the typical range for Invested Capital.
- Annual changes were most pronounced in 2022 — Invested Capital plunged 78.41% — and 2023, when it surged 534.91%.
- Year by year, Invested Capital stood at $1.9 billion in 2021, then soared by 139.49% to $4.4 billion in 2022, then gained by 25.2% to $5.6 billion in 2023, then grew by 9.49% to $6.1 billion in 2024, then retreated by 8.32% to $5.6 billion in 2025.
- Per Business Quant, the three latest FRO Invested Capital figures stand at $5.6 billion (Q4 2025), $2.6 billion (Q3 2025), and $2.7 billion (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 59.19 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 61.04 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 33.06 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 103.80 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 21.59 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 40.30 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 54.45 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 12.69 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 47.30 Bn |
| 10 | Frontline | 7.75 Bn | 7.48 Bn | - | 5.58 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 5.58 Bn |
| Sep 30, 2025 | 2.62 Bn |
| Jun 30, 2025 | 2.68 Bn |
| Mar 31, 2025 | 2.65 Bn |
| Dec 31, 2024 | 6.08 Bn |
| Sep 30, 2024 | 2.75 Bn |
| Jun 30, 2024 | 2.88 Bn |
| Mar 31, 2024 | 2.70 Bn |
| Dec 31, 2023 | 5.56 Bn |
| Sep 30, 2023 | 2.59 Bn |
| Jun 30, 2023 | 2.66 Bn |
| Mar 31, 2023 | 2.59 Bn |
| Dec 31, 2022 | 4.44 Bn |
| Sep 30, 2022 | 2.28 Bn |
| Jun 30, 2022 | 418.77 Mn |
| Mar 31, 2022 | 2.11 Bn |
| Dec 31, 2021 | 1.85 Bn |
| Sep 30, 2021 | 1.75 Bn |
| Jun 30, 2021 | 1.94 Bn |
| Mar 31, 2021 | 1.81 Bn |