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
DateValue
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