Frontline (FRO) Return on Invested Capital [ROIC] (2009 - 2026)
Frontline's Return on Invested Capital [ROIC] came in at 29.48% for Q2 2026, up 21.12 percentage points from 8.36% a year earlier and up 9.74 percentage points from the prior quarter.
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Analysis
Frontline (FRO) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Frontline's Return on Invested Capital [ROIC] was 10.27%, down 2.96 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of -3.47 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 13.23% in FY2024 (-1.15 pp), 14.38% in FY2023 (+1.97 pp), 12.41% in FY2022 (+12.27 pp) and 0.15% in FY2021 (-13.59 pp).
- The Q2 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] since Q1 2009.
- Year-over-year, Return on Invested Capital [ROIC] increased in two of the last eight quarters, with an average year-over-year change of +1.25 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q2 2026 (a gain of 21.12 percentage points), and the weakest in Q3 2021 (a drop of 16.77 percentage points).
- Business Quant data shows FRO's Return on Invested Capital [ROIC] at 19.74% (Q1 2026), 10.75% (Q4 2025) and 7.83% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 165.28 Bn | 159.81 Bn | - | 15.51% |
| 2 | Csx | 87.86 Bn | 84.08 Bn | - | 11.65% |
| 3 | Canadian Pacific Kansas City | 75.56 Bn | 75.27 Bn | - | 5.85% |
| 4 | Norfolk Southern | 71.27 Bn | 65.91 Bn | - | 9.62% |
| 5 | United Parcel Service | 69.70 Bn | 46.62 Bn | - | 12.85% |
| 6 | Fedex | 68.71 Bn | 34.65 Bn | - | 7.44% |
| 7 | Delta Air Lines | 55.32 Bn | 37.50 Bn | - | 11.82% |
| 8 | Old Dominion Freight Line | 37.44 Bn | 36.71 Bn | - | 24.14% |
| 9 | United Airlines Holdings | 36.52 Bn | -19.85 Bn | - | 9.15% |
| 10 | Frontline | 11.74 Bn | 10.50 Bn | - | 29.48% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.48% |
| Mar 31, 2026 | 19.74% |
| Dec 31, 2025 | 10.75% |
| Sep 30, 2025 | 7.83% |
| Jun 30, 2025 | 8.36% |
| Mar 31, 2025 | 10.32% |
| Dec 31, 2024 | 12.79% |
| Sep 30, 2024 | 12.72% |
| Jun 30, 2024 | 11.92% |
| Mar 31, 2024 | 12.41% |
| Dec 31, 2023 | 14.62% |
| Sep 30, 2023 | 18.85% |
| Jun 30, 2023 | 18.54% |
| Mar 31, 2023 | 14.32% |
| Dec 31, 2022 | 9.81% |
| Sep 30, 2022 | 4.99% |
| Jun 30, 2022 | 2.04% |
| Mar 31, 2022 | 0.07% |
| Dec 31, 2021 | 0.11% |
| Sep 30, 2021 | -0.09% |
API Access
Frontline Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=FRO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=FRO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();