Frontline (FRO) Return on Capital Employed (2009 - 2025)
Frontline (FRO) reported Return on Capital Employed of 11.43% for Q4 2025, down 239.0% on a YoY basis from 8.22% in Q4 2024, and up 38.79% quarter-over-quarter from 8.24% in Q3 2025.
Frontline (FRO) Return on Capital Employed (2009 - 2025) Analysis & Trends
Frontline has reported Return on Capital Employed for 17 years, with the latest figure at 11.43% in Q4 2025.
- For the quarter ending Q4 2025, Return on Capital Employed fell 239.0% year-over-year to 11.43%; the trailing twelve-month figure through Dec 2025 stood at 11.43% (down 239.0% YoY), and the FY2025 full-year result was 10.9%, down 343.0% from the prior year.
- Return on Capital Employed for Q4 2025 stood at 11.43%, up from 8.24% in the prior quarter.
- The five-year high for Return on Capital Employed was 20.48% in Q3 2023, with the low at 0.09% in Q3 2021.
- Historically, Return on Capital Employed has averaged 9.7% across 5 years, with a median of 10.63% in 2022.
- Annual changes were most pronounced in 2021 — Return on Capital Employed sank 1751 bps — and 2023, when it soared 1784 bps.
- Frontline's Return on Capital Employed 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 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 5.26% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 11.93% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 7.42% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 7.59% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | 13.21% |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 14.56% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 3.63% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 9.98% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | - |
| 10 | Frontline | 8.07 Mn | -252.48 Mn | - | 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 | 8.88% |