Frontline (FRO) Invested Capital (2009 - 2025)
Frontline (FRO) reported Invested Capital of $5.6 billion for Q4 2025, down 8.32% on a YoY basis from $6.1 billion in Q4 2024, and up 113.02% quarter-over-quarter from $2.6 billion in Q3 2025.
Frontline (FRO) Invested Capital (2009 - 2025) Analysis & Trends
Frontline has reported Invested Capital for 17 years, with the latest figure at $5.6 billion in Q4 2025.
- For the quarter ending Q4 2025, Invested Capital fell 8.32% year-over-year to $5.6 billion; the trailing twelve-month figure through Dec 2025 stood at $5.6 billion (down 8.32% YoY), and the FY2025 full-year result was $5.6 billion, down 8.32% from the prior year.
- Invested Capital for Q4 2025 stood at $5.6 billion, up from $2.6 billion in the prior quarter.
- The five-year high for Invested Capital was $6.1 billion in Q4 2024, with the low at $418.8 million in Q2 2022.
- Historically, Invested Capital has averaged $3.0 billion across 5 years, with a median of $2.7 billion in 2023.
- Annual changes were most pronounced in 2022 — Invested Capital sank 78.41% — and 2023, when it jumped 534.91%.
- Frontline's Invested Capital stood at $1.9 billion in 2021, then jumped by 139.49% to $4.4 billion in 2022, then increased by 25.2% to $5.6 billion in 2023, then advanced by 9.49% to $6.1 billion in 2024, then declined by 8.32% to $5.6 billion in 2025.
- The last three Invested Capital figures came in at $5.6 billion (Q4 2025), $2.6 billion (Q3 2025), and $2.7 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 59.19 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 33.06 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 61.04 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 103.80 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | 21.28 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 40.30 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 21.59 Bn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 54.45 Bn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 19.65 Bn |
| 10 | Frontline | 8.07 Mn | -252.48 Mn | - | 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 | 4.85 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 |