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| Date | Value |
|---|---|
| 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 |