Frontline (FRO) Invested Capital (2009 - 2025)
Frontline's (FRO) quarterly Invested Capital came in at $3.1 billion in Q4 2025, down 18.07% YoY from $3.7 billion in Q4 2024, and up 945.01% on a QoQ basis from $293.6 million in Q3 2025.
Frontline (FRO) Invested Capital (2009 - 2025) Analysis & Trends
Frontline (FRO) has 17 years of Invested Capital data on file, last reported at $3.1 billion in 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 $7.3 billion (down 12.74% YoY) and the FY2025 annual result came in at $3.1 billion, down 18.07% from the prior year.
- Invested Capital advanced to $3.1 billion in Q4 2025, from $293.6 million in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $3.9 billion in Q2 2024 to a low of $52.4 million in Q2 2021.
- A 5-year average of $1.5 billion and a median of $402.2 million in 2024 frame the typical range for Invested Capital.
- Annual changes were most pronounced in 2021 — Invested Capital tumbled 65.17% — and 2022, when it jumped 152.29%.
- Tracing FRO's Invested Capital over 5 years: stood at $2.3 billion in 2021, then climbed by 2.78% to $2.4 billion in 2022, then surged by 44.6% to $3.5 billion in 2023, then increased by 8.33% to $3.7 billion in 2024, then declined by 18.07% to $3.1 billion in 2025.
- The last three Invested Capital figures came in at $3.1 billion (Q4 2025), $293.6 million (Q3 2025), and $3.6 billion (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 29.70 Bn |
| 2 | Enbridge | 111.03 Bn | 109.54 Bn | 5.23 Bn | 4.85 Bn |
| 3 | Enterprise Products Partners | 83.34 Bn | 82.44 Bn | - | 2.02 Bn |
| 4 | Energy Transfer | 72.41 Bn | 71.38 Bn | 7.40 Bn | 12.00 Mn |
| 5 | Tc Energy | 65.97 Bn | 58.41 Bn | 1.24 Bn | 2.53 Bn |
| 6 | Oneok | 60.11 Bn | 59.94 Bn | 2.81 Bn | 1.50 Bn |
| 7 | Mplx | 60.04 Bn | 59.01 Bn | 2.73 Bn | 26.01 Bn |
| 8 | Targa Resources | 59.42 Bn | 59.29 Bn | 2.14 Bn | 18.46 Bn |
| 9 | Cheniere Energy | 56.10 Bn | 54.85 Bn | 5.29 Bn | 1.41 Bn |
| 10 | Frontline | 9.43 Bn | 9.17 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 | 3.59 Bn |
| Mar 31, 2025 | 319.40 Mn |
| Dec 31, 2024 | 3.74 Bn |
| Sep 30, 2024 | 402.15 Mn |
| Jun 30, 2024 | 3.86 Bn |
| Mar 31, 2024 | 324.53 Mn |
| Dec 31, 2023 | 3.46 Bn |
| Sep 30, 2023 | 365.04 Mn |
| Jun 30, 2023 | 2.30 Bn |
| Mar 31, 2023 | 365.23 Mn |
| Dec 31, 2022 | 2.39 Bn |
| Sep 30, 2022 | 256.92 Mn |
| Mar 31, 2022 | 434.48 Mn |
| Dec 31, 2021 | 2.33 Bn |
| Sep 30, 2021 | 166.73 Mn |
| Jun 30, 2021 | 52.44 Mn |
| Mar 31, 2021 | 172.22 Mn |
| Dec 31, 2020 | 2.14 Bn |