Frontline (FRO) Invested Capital (2009 - 2025)

Frontline (FRO) posted Invested Capital of $3.1 billion for Q4 2025, up 945.01% on a QoQ basis from $293.6 million in Q3 2025, and down 18.07% year-over-year from $3.7 billion in Q4 2024.

Frontline (FRO) Invested Capital (2009 - 2025) Analysis & Trends

Frontline's Invested Capital history runs 17 years deep, the most recent figure standing at $3.1 billion for Q4 2025.

  • Quarterly Invested Capital fell 18.07% year-over-year to $3.1 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $4.0 billion (down 18.83% YoY) and the FY2025 annual result came in at $3.1 billion, down 18.07% from the prior year.
  • Invested Capital was $3.1 billion for Q4 2025 at Frontline, up from $293.6 million in the prior quarter.
  • Across five years, Invested Capital topped out at $3.7 billion in Q4 2024 and bottomed at $166.7 million in Q3 2021.
  • A 5-year average of $834.2 million and a median of $363.8 million in 2023 frame the typical range for Invested Capital.
  • Annual changes were most pronounced in 2023 — Invested Capital tumbled 92.6% — and 2024, when it soared 2017.42%.
  • Frontline's Invested Capital stood at $2.3 billion in 2021, then increased by 2.78% to $2.4 billion in 2022, then tumbled by 92.6% to $176.8 million in 2023, then surged by 2017.42% to $3.7 billion in 2024, then retreated by 18.07% to $3.1 billion in 2025.
  • Business Quant data shows FRO's Invested Capital at $3.1 billion in Q4 2025, $293.6 million in Q3 2025, and $317.6 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 104.65 Mn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn 110.20 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 29.70 Bn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 3.67 Bn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 2.71 Bn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 1.11 Bn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 19.00 Mn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 18.32 Bn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 1.65 Bn
10 Frontline 1.55 Bn 1.29 Bn - 3.07 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 3.07 Bn
Sep 30, 2025 293.56 Mn
Jun 30, 2025 317.63 Mn
Mar 31, 2025 319.40 Mn
Dec 31, 2024 3.74 Bn
Sep 30, 2024 402.15 Mn
Jun 30, 2024 455.04 Mn
Mar 31, 2024 324.53 Mn
Dec 31, 2023 176.84 Mn
Sep 30, 2023 365.04 Mn
Jun 30, 2023 362.55 Mn
Mar 31, 2023 365.23 Mn
Dec 31, 2022 2.39 Bn
Sep 30, 2022 256.92 Mn
Jun 30, 2022 416.88 Mn
Mar 31, 2022 434.48 Mn
Dec 31, 2021 2.33 Bn
Sep 30, 2021 166.73 Mn
Jun 30, 2021 326.46 Mn
Mar 31, 2021 172.22 Mn