Frontline (FRO) Net Margin (2009 - 2025)
Frontline (FRO) posted Net Margin of 60.7% for Q4 2025, up 551.37% on a QoQ basis from 9.32% in Q3 2025, and up 4502.0% year-over-year from 1.32% in Q4 2024.
Frontline (FRO) Net Margin (2009 - 2025) Analysis & Trends
Frontline's Net Margin history runs 17 years deep, the most recent figure standing at 60.7% for Q4 2025.
- Quarterly Net Margin rose 4502.0% year-over-year to 60.7% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 26.98% (up 281.0% YoY) and the FY2025 annual result came in at 19.29%, up 1604.0% from the prior year.
- Net Margin was 60.7% for Q4 2025 at Frontline, up from 9.32% in the prior quarter.
- Across five years, Net Margin topped out at 158.17% in Q4 2023 and bottomed at 25.79% in Q4 2021.
- A 5-year average of 26.65% and a median of 16.61% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2021 — Net Margin slumped 26688 bps — and 2023, when it jumped 9367 bps.
- Frontline's Net Margin stood at 25.79% in 2021, then surged by 350 bps to 64.5% in 2022, then jumped by 145 bps to 158.17% in 2023, then tumbled by 90 bps to 15.68% in 2024, then surged by 287 bps to 60.7% in 2025.
- Business Quant data shows FRO's Net Margin at 60.7% in Q4 2025, 9.32% in Q3 2025, and 16.15% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 88.32% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 21.07% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 19.97% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 7.47% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 10.40% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 0.05% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 4.30% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 11.71% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 8.07% |
| 10 | Frontline | 1.55 Bn | 1.29 Bn | - | 60.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 60.70% |
| Sep 30, 2025 | 9.32% |
| Jun 30, 2025 | 16.15% |
| Mar 31, 2025 | 7.78% |
| Dec 31, 2024 | 15.68% |
| Sep 30, 2024 | 12.33% |
| Jun 30, 2024 | 33.73% |
| Mar 31, 2024 | 31.26% |
| Dec 31, 2023 | 158.17% |
| Sep 30, 2023 | 28.57% |
| Jun 30, 2023 | 44.99% |
| Mar 31, 2023 | 38.87% |
| Dec 31, 2022 | 64.50% |
| Sep 30, 2022 | 40.88% |
| Jun 30, 2022 | 17.07% |
| Mar 31, 2022 | -1.64% |
| Dec 31, 2021 | -25.79% |
| Sep 30, 2021 | -20.90% |
| Jun 30, 2021 | -13.64% |
| Mar 31, 2021 | 14.90% |