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| 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% |