Frontline (FRO) Return on Capital Employed (2009 - 2025)
Frontline's (FRO) quarterly Return on Capital Employed came in at 11.43% in Q4 2025, down 239.0% YoY from 8.22% in Q4 2024, and up 38.79% on a QoQ basis from 8.24% in Q3 2025.
Frontline (FRO) Return on Capital Employed (2009 - 2025) Analysis & Trends
Frontline (FRO) has 17 years of Return on Capital Employed data on file, last reported at 11.43% in Q4 2025.
- Quarterly Return on Capital Employed fell 239.0% year-over-year to 11.43% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 11.43% (down 239.0% YoY) and the FY2025 annual result came in at 10.9%, down 343.0% from the prior year.
- Return on Capital Employed advanced to 11.43% in Q4 2025, from 8.24% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 20.48% in Q3 2023 to a low of 0.09% in Q3 2021.
- A 5-year average of 9.7% and a median of 10.63% in 2022 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2021 — Return on Capital Employed sank 1751 bps — and 2023, when it soared 1784 bps.
- Tracing FRO's Return on Capital Employed over 5 years: stood at 0.32% in 2021, then jumped by 3094 bps to 10.37% in 2022, then soared by 49 bps to 15.45% in 2023, then slipped by 11 bps to 13.82% in 2024, then fell by 17 bps to 11.43% in 2025.
- The last three Return on Capital Employed figures came in at 11.43% (Q4 2025), 8.24% (Q3 2025), and 8.84% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 7.68% |
| 2 | Enbridge | 110.89 Bn | 109.40 Bn | 5.23 Bn | 5.40% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 12.27% |
| 4 | Energy Transfer | 72.67 Bn | 71.64 Bn | 7.40 Bn | 8.43% |
| 5 | Tc Energy | 65.89 Bn | 58.33 Bn | 1.24 Bn | - |
| 6 | Oneok | 60.12 Bn | 59.96 Bn | 2.81 Bn | 9.99% |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 14.79% |
| 8 | Targa Resources | 59.56 Bn | 59.43 Bn | 2.14 Bn | 15.72% |
| 9 | Cheniere Energy | 56.12 Bn | 54.86 Bn | 5.29 Bn | 15.05% |
| 10 | Frontline | 9.39 Bn | 9.13 Bn | - | 11.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 11.43% |
| Sep 30, 2025 | 8.24% |
| Jun 30, 2025 | 8.84% |
| Mar 31, 2025 | 10.90% |
| Dec 31, 2024 | 13.82% |
| Sep 30, 2024 | 13.58% |
| Jun 30, 2024 | 12.85% |
| Mar 31, 2024 | 13.11% |
| Dec 31, 2023 | 15.45% |
| Sep 30, 2023 | 20.48% |
| Jun 30, 2023 | 20.10% |
| Mar 31, 2023 | 15.52% |
| Dec 31, 2022 | 10.37% |
| Sep 30, 2022 | 5.32% |
| Jun 30, 2022 | 2.26% |
| Mar 31, 2022 | 0.23% |
| Dec 31, 2021 | 0.32% |
| Sep 30, 2021 | -0.09% |
| Jun 30, 2021 | 2.46% |
| Mar 31, 2021 | 8.89% |