Frontline (FRO) Return on Capital Employed [ROCE] (2009 - 2026)
Frontline (FRO) reported Return on Capital Employed [ROCE] of 31.05% for Q2 2026, up 22.21 percentage points from 8.84% a year earlier and up 10.22 percentage points from the prior quarter.
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Analysis
Frontline (FRO) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Frontline posted Return on Capital Employed [ROCE] of 10.90%, down 3.43 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a five-year change of -3.68 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 14.33% in FY2024 (-0.86 pp), 15.19% in FY2023 (+4.17 pp), 11.01% in FY2022 (+10.79 pp) and 0.23% in FY2021 (-14.35 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Capital Employed [ROCE] in data going back to Q4 2009.
- Year over year, Return on Capital Employed [ROCE] gained in two of the last eight quarters, with an average year-over-year change of +1.21 percentage points.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q2 2026 (a gain of 22.21 percentage points); the low point was Q3 2021 (a drop of 17.51 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 20.82% (Q1 2026), 11.43% (Q4 2025) and 8.24% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 173.71 Bn | 165.96 Bn | - | 15.93% |
| 2 | United Parcel Service | 93.47 Bn | 70.29 Bn | - | 11.55% |
| 3 | Csx | 91.93 Bn | 87.15 Bn | - | 13.38% |
| 4 | Canadian Pacific Kansas City | 82.51 Bn | 81.54 Bn | - | 7.22% |
| 5 | Fedex | 75.12 Bn | 41.32 Bn | - | 7.01% |
| 6 | Norfolk Southern | 72.53 Bn | 66.99 Bn | - | 9.77% |
| 7 | Delta Air Lines | 59.54 Bn | 41.73 Bn | - | 10.05% |
| 8 | United Airlines Holdings | 38.77 Bn | -18.93 Bn | - | 8.46% |
| 9 | Old Dominion Freight Line | 34.84 Bn | 33.68 Bn | - | 29.43% |
| 10 | Frontline | 10.25 Bn | 9.01 Bn | - | 31.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.05% |
| Mar 31, 2026 | 20.82% |
| 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% |
API Access
Frontline Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=FRO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "FRO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=FRO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();