Frontline (FRO) Non Operating Income (2011 - 2023)
Frontline's (FRO) quarterly Non Operating Income came in at -$19.4 million in Q4 2023, down 216.16% on a YoY basis from $16.7 million in Q4 2022, and down 177.66% quarter-over-quarter from -$7.0 million in Q3 2023.
Analysis
Frontline (FRO) Non Operating Income (2011 - 2023) Analysis & Trends
Frontline (FRO) has reported Non Operating Income for 12 consecutive years, with -$19.4 million the latest figure, recorded in Q4 2023.
- For the quarter ending Q4 2023, Non Operating Income fell 216.16% year-over-year to -$19.4 million; the trailing twelve-month figure through Dec 2023 stood at $11.5 million (down 62.23% YoY), and the FY2025 full-year result was -$213.6 million, up 23.27% from the prior year.
- Non Operating Income declined to -$19.4 million in Q4 2023 per FRO's latest filing, from -$7.0 million in the prior quarter.
- Across five years, Non Operating Income topped out at $44.1 million in Q3 2022 and bottomed at -$83.4 million in Q2 2019.
- Historically, Non Operating Income has averaged -$11.6 million across 5 years, with a median of -$13.9 million in 2020.
- The sharpest annual moves came in 2020 and 2022: Non Operating Income slumped 249.85% in 2020, then jumped 415.72% in 2022.
- Over 5 years, Non Operating Income stood at -$22.5 million in 2019, then jumped by 46.79% to -$12.0 million in 2020, then soared by 149.54% to $5.9 million in 2021, then slumped by 203.57% to -$6.2 million in 2022, then sank by 216.16% to -$19.4 million in 2023.
- According to Business Quant data, Non Operating Income over the past three periods registered -$19.4 million, -$7.0 million, and -$6.2 million for Q4 2023, Q3 2023, and Q4 2022 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Op. Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | - |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | - |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | - |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | - |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | - |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | - |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | -10.79 Mn |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | -10.10 Mn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | - |
| 10 | ZIM Integrated Shipping Services | 3.44 Bn | 2.41 Bn | 255.00 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | -19.45 Mn |
| Sep 30, 2023 | -7.01 Mn |
| Dec 31, 2022 | -6.15 Mn |
| Sep 30, 2022 | 44.06 Mn |
| Jun 30, 2022 | -15.79 Mn |
| Mar 31, 2022 | 8.21 Mn |
| Dec 31, 2021 | 5.94 Mn |
| Sep 30, 2021 | -13.96 Mn |
| Jun 30, 2021 | -14.97 Mn |
| Mar 31, 2021 | 4.18 Mn |
| Dec 31, 2020 | -11.99 Mn |
| Sep 30, 2020 | -13.85 Mn |
| Jun 30, 2020 | -25.86 Mn |
| Mar 31, 2020 | -43.11 Mn |
| Dec 31, 2019 | -22.53 Mn |
| Sep 30, 2019 | -22.07 Mn |
| Jun 30, 2019 | -83.40 Mn |
| Mar 31, 2019 | 28.77 Mn |
| Dec 31, 2018 | -149.45 Mn |
| Sep 30, 2018 | 96.57 Mn |