Frontline (FRO) Operating Income (2009 - 2025)
Frontline (FRO) posted Operating Income of $277.7 million for Q4 2025, up 189.41% on a QoQ basis from $96.0 million in Q3 2025, and up 114.11% year-over-year from $129.7 million in Q4 2024.
Frontline (FRO) Operating Income (2009 - 2025) Analysis & Trends
Frontline's Operating Income history runs 17 years deep, the most recent figure standing at $277.7 million for Q4 2025.
- Quarterly Operating Income rose 114.11% year-over-year to $277.7 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $598.8 million (down 23.41% YoY) and the FY2025 annual result came in at $598.8 million, down 23.41% from the prior year.
- Operating Income was $277.7 million for Q4 2025 at Frontline, up from $96.0 million in the prior quarter.
- Across five years, Operating Income topped out at $277.7 million in Q4 2025 and bottomed at -$19.2 million in Q3 2021.
- A 5-year average of $129.1 million and a median of $122.2 million in 2023 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2021 — Operating Income sank 127.11% — and 2022, when it soared 1236.74%.
- Frontline's Operating Income stood at $18.4 million in 2021, then surged by 1236.74% to $246.4 million in 2022, then tumbled by 43.97% to $138.0 million in 2023, then fell by 6.03% to $129.7 million in 2024, then soared by 114.11% to $277.7 million in 2025.
- Business Quant data shows FRO's Operating Income at $277.7 million in Q4 2025, $96.0 million in Q3 2025, and $131.9 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 167.66 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 83.60 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 1.35 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 2.35 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 1.90 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 441.01 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 2.98 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 846.90 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 1.43 Bn |
| 10 | Frontline | 1.55 Bn | 1.29 Bn | - | 277.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 277.74 Mn |
| Sep 30, 2025 | 95.97 Mn |
| Jun 30, 2025 | 131.88 Mn |
| Mar 31, 2025 | 93.17 Mn |
| Dec 31, 2024 | 129.72 Mn |
| Sep 30, 2024 | 144.81 Mn |
| Jun 30, 2024 | 255.92 Mn |
| Mar 31, 2024 | 251.27 Mn |
| Dec 31, 2023 | 138.05 Mn |
| Sep 30, 2023 | 114.75 Mn |
| Jun 30, 2023 | 252.98 Mn |
| Mar 31, 2023 | 240.89 Mn |
| Dec 31, 2022 | 246.39 Mn |
| Sep 30, 2022 | 112.38 Mn |
| Jun 30, 2022 | 62.90 Mn |
| Mar 31, 2022 | 20.75 Mn |
| Dec 31, 2021 | 18.43 Mn |
| Sep 30, 2021 | -19.24 Mn |
| Jun 30, 2021 | -11.69 Mn |
| Mar 31, 2021 | 24.70 Mn |