Frontline (FRO) Operating Margin (2009 - 2025)
Frontline's (FRO) quarterly Operating Margin came in at 44.47% in Q4 2025, up 1400.0% YoY from 2.96% in Q4 2024, and up 100.5% on a QoQ basis from 22.18% in Q3 2025.
Frontline (FRO) Operating Margin (2009 - 2025) Analysis & Trends
Frontline (FRO) has 17 years of Operating Margin data on file, last reported at 44.47% in Q4 2025.
- Quarterly Operating Margin rose 1400.0% year-over-year to 44.47% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 30.47% (down 766.0% YoY) and the FY2025 annual result came in at 30.47%, down 766.0% from the prior year.
- Operating Margin advanced to 44.47% in Q4 2025, from 22.18% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 49.34% in Q2 2023 to a low of 11.2% in Q3 2021.
- A 5-year average of 26.82% and a median of 29.47% in 2022 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2021 — Operating Margin sank 6514 bps — and 2022, when it jumped 4060 bps.
- Tracing FRO's Operating Margin over 5 years: stood at 8.63% in 2021, then jumped by 438 bps to 46.48% in 2022, then decreased by 28 bps to 33.26% in 2023, then retreated by 8 bps to 30.48% in 2024, then soared by 46 bps to 44.47% in 2025.
- The last three Operating Margin figures came in at 44.47% (Q4 2025), 22.18% (Q3 2025), and 27.47% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 30.06% |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 9.93% |
| 3 | Enterprise Products Partners | 83.47 Bn | 82.57 Bn | - | 12.31% |
| 4 | Energy Transfer | 72.69 Bn | 71.66 Bn | 7.40 Bn | 10.41% |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 29.84% |
| 6 | Oneok | 60.15 Bn | 59.99 Bn | 2.81 Bn | 13.22% |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 41.61% |
| 8 | Targa Resources | 59.51 Bn | 59.37 Bn | 2.14 Bn | 27.80% |
| 9 | Cheniere Energy | 56.09 Bn | 54.84 Bn | 5.29 Bn | 74.84% |
| 10 | Frontline | 9.43 Bn | 9.17 Bn | - | 44.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 44.47% |
| Sep 30, 2025 | 22.18% |
| Jun 30, 2025 | 27.47% |
| Mar 31, 2025 | 21.77% |
| Dec 31, 2024 | 30.48% |
| Sep 30, 2024 | 29.53% |
| Jun 30, 2024 | 46.03% |
| Mar 31, 2024 | 43.44% |
| Dec 31, 2023 | 33.26% |
| Sep 30, 2023 | 30.43% |
| Jun 30, 2023 | 49.34% |
| Mar 31, 2023 | 48.44% |
| Dec 31, 2022 | 46.48% |
| Sep 30, 2022 | 29.41% |
| Jun 30, 2022 | 20.94% |
| Mar 31, 2022 | 9.54% |
| Dec 31, 2021 | 8.63% |
| Sep 30, 2021 | -11.20% |
| Jun 30, 2021 | -6.87% |
| Mar 31, 2021 | 12.73% |