Frontline (FRO) Return on Capital Employed (2009 - 2025)

Frontline (FRO) posted Return on Capital Employed of 11.43% for Q4 2025, up 38.79% on a QoQ basis from 8.24% in Q3 2025, and down 239.0% year-over-year from 8.22% in Q4 2024.

Frontline (FRO) Return on Capital Employed (2009 - 2025) Analysis & Trends

Frontline (FRO) has reported Return on Capital Employed for 17 consecutive years, with 11.43% the latest figure, recorded in Q4 2025.

  • Return on Capital Employed for Q4 2025 came in at 11.43%, down 239.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 11.43% (down 239.0% YoY), and the FY2025 annual result was 10.9%, down 343.0% from the prior year.
  • Return on Capital Employed was 11.43% for Q4 2025 at Frontline, up from 8.24% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 20.48% in Q3 2023 and troughed at 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 plunged 1751 bps — and 2023, when it jumped 1784 bps.
  • Year by year, Return on Capital Employed stood at 0.32% in 2021, then soared by 3094 bps to 10.37% in 2022, then surged by 49 bps to 15.45% in 2023, then declined by 11 bps to 13.82% in 2024, then decreased by 17 bps to 11.43% in 2025.
  • Per Business Quant, the three latest FRO Return on Capital Employed figures stand at 11.43% (Q4 2025), 8.24% (Q3 2025), and 8.84% (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 5.26%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 7.42%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 11.93%
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 7.59%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 3.63%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 14.56%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 9.98%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 22.68%
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 10.22%
10 Frontline 7.75 Bn 7.48 Bn - 11.43%

Historic Data

Download Data
DateValue
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%