Frontline (FRO) Invested Capital (2009 - 2026)
Frontline (FRO) recorded Invested Capital of $5.59 billion in Q2 2026, down 6.1% from $5.95 billion a year earlier but up 2.2% from the prior quarter.
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Analysis
Frontline (FRO) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Frontline reported Invested Capital of $5.58 billion, down 8.3% from FY2024.
- Annual Invested Capital has a five-year compound annual growth rate of 8.3% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $6.08 billion in FY2024 (+6.1%), $5.73 billion in FY2023 (+23.3%), $4.65 billion in FY2022 (+83.9%) and $2.53 billion in FY2021 (-32.5%).
- Quarterly Invested Capital has ranged from $2.53 billion in Q4 2021 to $6.47 billion in Q1 2024 over the past five years.
- On a year-over-year basis, Invested Capital has declined for six consecutive quarters, with an average decline of 0.2% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 83.9% in Q4 2022, against a decline of 32.5% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $5.47 billion (Q1 2026), $5.58 billion (Q4 2025) and $5.56 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 51.00 Bn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 32.95 Bn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | 52.60 Bn |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 39.58 Bn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 32.87 Bn |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 57.36 Bn |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | 36.87 Bn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | 4.57 Bn |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | 11.09 Bn |
| 10 | Frontline | 10.97 Bn | 9.73 Bn | - | 5.59 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.59 Bn |
| Mar 31, 2026 | 5.47 Bn |
| Dec 31, 2025 | 5.58 Bn |
| Sep 30, 2025 | 5.56 Bn |
| Jun 30, 2025 | 5.95 Bn |
| Mar 31, 2025 | 6.00 Bn |
| Dec 31, 2024 | 6.08 Bn |
| Sep 30, 2024 | 6.14 Bn |
| Jun 30, 2024 | 6.28 Bn |
| Mar 31, 2024 | 6.47 Bn |
| Dec 31, 2023 | 5.73 Bn |
| Sep 30, 2023 | 4.48 Bn |
| Jun 30, 2023 | 4.59 Bn |
| Mar 31, 2023 | 4.60 Bn |
| Dec 31, 2022 | 4.65 Bn |
| Sep 30, 2022 | 4.37 Bn |
| Jun 30, 2022 | 4.23 Bn |
| Mar 31, 2022 | 3.90 Bn |
| Dec 31, 2021 | 2.53 Bn |
| Sep 30, 2021 | 3.84 Bn |
API Access
Frontline Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=FRO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "FRO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=FRO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();