Frontline (FRO) Financials

$18.74 +0.40 (+2.18%)

Closing price 03:59 PM Eastern

Extended Trading

$18.67 -0.07 (-0.35%)

As of 07:56 PM Eastern

Annual Income Statements for Frontline

This table shows Frontline's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	496	656	476	-15	413	140	-8.88	-265	117	155	149
Consolidated Net Income / (Loss)	496	656	476	-15	413	140	-8.40	-264	118	124	86
Net Income / (Loss) Continuing Operations	496	656	476	-15	413	140	-8.40	-264	118	255	137
Total Pre-Tax Income	503	657	476	-10	413	140	-8.08	-264	118	256	137
Total Operating Income	802	805	463	26	508	240	83	-196	177	287	121
Total Gross Profit	1,409	1,089	675	218	1,221	957	742	646	750	459	242
Total Revenue	2,183	1,881	1,442	776	1,221	957	742	646	754	459	242
Operating Revenue	2,183	1,881	1,442	776	1,221	957	742	646	754	459	242
Total Cost of Revenue	774	792	766	558	0.00	0.00	0.00	0.00	4.00	0.00	0.00
Operating Cost of Revenue	774	792	766	558	-	-	-	-	-	-	-
Total Operating Expenses	607	284	213	192	713	718	660	843	573	172	121
Selling, General & Admin Expense	36	54	47	26	44	45	37	38	37	11	4.94
Depreciation Expense	339	231	165	165	139	118	123	142	141	53	32
Other Operating Expenses / (Income)	232	-	-	-	530	555	500	386	333	109	84
Total Other Income / (Expense), net	-298	-148	13	-37	-95	-99	-91	-68	-60	-32	17
Interest & Investment Income	-3.41	23	58	7.68	-3.72	3.19	2.12	1.65	0.37	2.77	33
Other Income / (Expense), net	-295	-171	-45	-44	-19	-7.96	0.37	0.41	-3.30	-17	-8.91
Income Tax Expense	7.67	0.21	0.41	4.63	-0.01	0.31	0.32	0.29	0.35	0.15	0.00
Basic Earnings per Share	$2.23	$2.95	$2.22	($0.08)	$2.11	$0.81	($0.05)	($1.56)	$0.75	$1.29	$1.19
Weighted Average Basic Shares Outstanding	222.62M	222.62M	222.62M	203.53M	197.69M	196.89M	169.82M	169.81M	169.81M	781.94M	99.94M
Diluted Earnings per Share	$2.23	$2.95	$2.22	($0.08)	$2.09	$0.78	($0.05)	($1.56)	$0.75	$1.29	$1.19
Weighted Average Diluted Shares Outstanding	222.62M	222.62M	222.62M	203.53M	197.69M	196.89M	169.82M	169.81M	169.81M	781.94M	99.94M
Basic & Diluted Earnings per Share	$2.23	$2.95	$2.22	($0.08)	-	-	-	-	$0.75	$1.29	$1.19
Weighted Average Basic & Diluted Shares Outstanding	222.62M	222.62M	222.62M	203.53M	197.69M	196.89M	169.82M	169.81M	169.81M	781.94M	99.94M

No quarterly income statements for Frontline are available.

This table details how cash moves in and out of Frontline's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	105	54	141	-62	12	109	-37	-98	-62	-32	-51
Net Cash From Operating Activities	736	856	385	85	604	280	46	130	286	207	59
Net Cash From Continuing Operating Activities	751	881	530	82	604	280	46	130	286	214	58
Net Income / (Loss) Continuing Operations	496	656	476	-15	413	140	-8.40	-264	118	255	137
Consolidated Net Income / (Loss)	496	656	476	-15	413	140	-8.40	-264	118	124	86
Depreciation Expense	339	231	165	165	139	118	123	142	141	53	32
Non-Cash Adjustments To Reconcile Net Income	163	137	25	-9.36	5.77	22	-32	249	48	-92	-40
Changes in Operating Assets and Liabilities, net	-246	-144	-135	-59	45	-3.93	-39	1.87	-16	-4.56	-23
Net Cash From Investing Activities	-483	-1,235	-257	-374	-716	-191	-199	-723	-396	-459	-64
Net Cash From Continuing Investing Activities	-483	-1,235	-257	-374	-716	-191	-199	-723	-396	-148	132
Purchase of Property, Plant & Equipment	-915	-1,631	-336	-474	-724	-194	-216	-714	-622	-787	-202
Sale of Property, Plant & Equipment	432	143	80	80	25	0.00	0.00	-	-	-	-
Sale and/or Maturity of Investments	0.00	252	0.00	14	0.00	0.00	-	-	-	-	-
Other Investing Activities, net	0.00	1.39	-1.51	0.00	-2.25	3.00	-0.66	-36	226	638	277
Net Cash From Financing Activities	-148	433	13	228	124	20	116	494	49	220	-46
Net Cash From Continuing Financing Activities	-148	433	18	228	124	20	116	494	49	78	-163
Repayment of Debt	-1,881	-537	-600	-229	-949	-205	-183	-119	-241	-546	-199
Payment of Dividends	-434	-639	-33	0.00	-312	-20	-0.39	-51	-165	-39	-37
Issuance of Debt	2,167	1,609	651	404	1,377	146	299	684	356	660	124

No quarterly cash flow statements for Frontline are available.

This table presents Frontline's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	6,221	5,883	4,768	4,107	3,912	3,698	3,078	3,134	2,966	2,883	2,502
Total Current Assets	826	728	881	333	378	448	308	322	384	467	437
Cash & Equivalents	414	308	255	113	175	174	66	104	202	265	236
Accounts Receivable	137	144	153	85	77	104	79	72	74	97	36
Inventories, net	137	135	107	81	58	67	69	62	38	26	19
Other Current Assets	140	156	170	14	2.73	78	65	38	45	53	107
Plant, Property, & Equipment, net	0.00	0.00	48	131	48	46	91	331	308	960	227
Total Noncurrent Assets	5,372	4,767	3,785	166	184	3,203	2,671	2,481	2,274	1,455	1,838
Long-Term Investments	12	12	16	0.56	1.28	4.93	6.25	0.00	-	-	59
Goodwill	112	112	112	112	112	112	112	112	225	225	0.00
Other Noncurrent Operating Assets	5,248	4,642	3,657	53	71	3,075	2,542	2,347	1,482	1,189	1,774
Total Liabilities & Shareholders' Equity	6,221	5,883	4,768	4,107	3,912	3,698	3,078	3,134	2,966	2,883	2,502
Total Liabilities	3,881	3,605	2,509	2,465	2,307	2,188	1,914	1,946	1,467	1,437	1,054
Total Current Liabilities	596	409	392	287	322	848	214	222	183	242	237
Short-Term Debt	460	262	278	199	235	439	120	156	124	147	44
Accounts Payable	134	146	113	80	75	33	41	21	22	38	6.00
Other Current Liabilities	1.15	1.10	1.02	8.72	12	300	16	6.07	10	20	175
Total Noncurrent Liabilities	3,285	3,196	2,117	2,178	1,985	1,339	1,699	1,724	1,284	1,195	817
Long-Term Debt	3,284	3,194	2,112	2,133	1,928	1,254	1,610	1,467	915	746	474
Capital Lease Obligations	0.45	1.43	2.37	44	53	76	88	256	366	447	0.00
Other Noncurrent Operating Liabilities	0.45	0.47	2.05	0.99	3.74	8.62	1.18	1.33	3.11	2.84	344
Total Equity & Noncontrolling Interests	2,340	2,277	2,260	1,642	1,605	1,510	1,164	1,188	1,500	1,446	1,447
Total Preferred & Common Equity	2,341	2,278	2,260	1,643	1,605	1,510	1,164	1,187	1,500	1,446	1,124
Total Common Equity	1,337	1,274	1,256	638	601	1,510	1,164	1,187	1,500	1,446	1,124
Common Stock	827	827	827	652	600	594	368	367	365	891	1,018
Retained Earnings	507	446	429	-14	1.33	-155	-295	-273	34	81	156
Other Equity Adjustments	1.78	-	-	-	-	1,071	1,090	1,090	1,100	474	0.00
Noncontrolling Interest	-0.47	-0.47	-0.47	-0.47	-0.47	0.23	0.42	0.32	0.17	0.06	324

No quarterly balance sheets for Frontline are available.

This table displays calculated financial ratios and metrics derived from Frontline's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.05%	30.46%	85.93%	-36.49%	27.56%	28.97%	14.84%	-14.32%	64.36%	89.78%	80.60%
EBITDA Growth	-2.18%	48.36%	295.90%	-76.61%	77.72%	70.13%	498.65%	-116.82%	-4.69%	121.36%	43.16%
EBIT Growth	-20.04%	51.74%	2,419.30%	-103.68%	111.11%	178.73%	142.42%	-212.45%	-35.58%	141.84%	53.72%
NOPAT Growth	-1.89%	73.99%	2,418.17%	-96.38%	112.48%	312.79%	142.14%	-177.64%	-38.35%	137.80%	83.58%
Net Income Growth	-24.50%	38.04%	3,278.51%	-103.62%	195.03%	1,766.90%	96.82%	-324.93%	-5.52%	44.20%	24.11%
EPS Growth	-24.41%	32.88%	2,875.00%	-103.83%	167.95%	1,660.00%	96.79%	-308.00%	-41.86%	44.20%	24.11%
Operating Cash Flow Growth	-13.99%	122.19%	351.94%	-85.89%	115.59%	506.85%	-64.62%	-54.38%	37.94%	253.59%	156.56%
Free Cash Flow Firm Growth	281.16%	96.76%	-3,552.81%	-102.71%	7,414.49%	-55.15%	126.10%	-4,062.97%	98.47%	-51.80%	-257.84%
Invested Capital Growth	11.84%	22.05%	968.84%	38.89%	-90.98%	6.74%	-1.38%	8.90%	7.42%	53.88%	45.55%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	64.55%	57.91%	46.84%	28.09%	100.00%	100.00%	100.00%	100.00%	99.47%	100.00%	100.00%
EBITDA Margin	38.74%	45.96%	40.42%	18.98%	51.53%	36.98%	28.04%	-8.08%	41.16%	70.97%	60.85%
Operating Margin	36.72%	42.79%	32.10%	3.38%	41.58%	25.02%	11.14%	-30.37%	23.53%	62.58%	49.92%
EBIT Margin	23.21%	33.68%	28.96%	-2.32%	40.03%	24.19%	11.19%	-30.30%	23.09%	58.92%	46.23%
Profit (Net Income) Margin	22.70%	34.89%	32.98%	-1.93%	33.82%	14.62%	-1.13%	-40.90%	15.58%	27.10%	35.67%
Tax Burden Percent	98.48%	99.97%	99.91%	144.86%	100.00%	99.78%	103.91%	100.11%	99.71%	48.67%	62.77%
Interest Burden Percent	99.33%	103.63%	113.98%	57.36%	84.48%	60.58%	-9.73%	134.80%	67.67%	94.51%	122.91%
Effective Tax Rate	1.52%	0.03%	0.09%	0.00%	0.00%	0.22%	0.00%	0.00%	0.29%	0.06%	0.00%
Return on Invested Capital (ROIC)	14.78%	17.54%	20.48%	5.53%	30.18%	8.00%	1.99%	-4.88%	6.81%	13.88%	8.78%
ROIC Less NNEP Spread (ROIC-NNEP)	5.09%	11.15%	24.70%	8.11%	-45.67%	2.00%	-1.83%	-13.53%	1.53%	-12.31%	3.56%
Return on Net Nonoperating Assets (RNNOA)	6.68%	11.39%	3.90%	-6.45%	-3.66%	2.47%	-2.70%	-14.79%	1.17%	-5.28%	3.29%
Return on Equity (ROE)	21.47%	28.93%	24.37%	-0.92%	26.52%	10.47%	-0.71%	-19.67%	7.98%	8.60%	12.07%
Cash Return on Invested Capital (CROIC)	3.60%	-2.32%	-145.30%	-27.03%	197.10%	1.48%	3.38%	-13.40%	-0.35%	-28.56%	-28.31%
Operating Return on Assets (OROA)	8.37%	11.90%	9.41%	-0.45%	12.85%	6.84%	2.67%	-6.42%	5.96%	10.04%	5.78%
Return on Assets (ROA)	8.19%	12.33%	10.72%	-0.37%	10.86%	4.13%	-0.27%	-8.67%	4.02%	4.62%	4.46%
Return on Common Equity (ROCE)	12.13%	16.13%	11.84%	-0.35%	17.97%	10.47%	-0.71%	-19.67%	7.98%	7.63%	9.26%
Return on Equity Simple (ROE_SIMPLE)	21.17%	28.82%	21.04%	-0.91%	25.73%	9.27%	-0.72%	-22.26%	7.84%	8.60%	7.68%
Net Operating Profit after Tax (NOPAT)	790	805	463	18	508	239	58	-137	177	287	121
NOPAT Margin	36.16%	42.78%	32.08%	2.37%	41.58%	24.97%	7.80%	-21.26%	23.46%	62.55%	49.92%
Net Nonoperating Expense Percent (NNEP)	9.69%	6.40%	-4.23%	-2.58%	75.85%	5.99%	3.82%	8.64%	5.28%	26.19%	5.22%
Return On Investment Capital (ROIC_SIMPLE)	12.97%	-	-	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	35.46%	42.09%	53.16%	71.91%	0.00%	0.00%	0.00%	0.00%	0.53%	0.00%	0.00%
SG&A Expenses to Revenue	1.65%	2.85%	3.29%	3.41%	3.62%	4.70%	5.02%	5.82%	4.91%	2.31%	2.04%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.82%	15.12%	14.74%	24.71%	58.42%	74.98%	88.86%	130.37%	75.94%	37.42%	50.08%
Earnings before Interest and Taxes (EBIT)	507	634	418	-18	489	232	83	-196	174	270	112
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	846	865	583	147	629	354	208	-52	310	326	147
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.33	3.37	1.59	1.75	1.63	0.96	0.53	0.43	2.31	0.13	0.00
Price to Tangible Book Value (P/TBV)	2.55	3.69	1.75	2.13	2.00	1.03	0.59	0.48	2.72	0.15	0.00
Price to Revenue (P/Rev)	1.43	2.28	1.39	1.44	0.80	1.51	0.83	0.79	4.60	0.41	0.00
Price to Earnings (P/E)	6.29	6.53	4.20	0.00	2.37	10.31	0.00	0.00	29.63	1.21	0.00
Dividend Yield	13.92%	10.91%	1.53%	0.00%	34.17%	1.18%	0.00%	19.95%	23.68%	3.01%	0.00%
Earnings Yield	15.89%	15.31%	23.79%	0.00%	42.15%	9.70%	0.00%	0.00%	3.37%	82.92%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.14	1.47	1.00	8.74	10.76	0.98	0.81	0.77	1.73	0.50	0.00
Enterprise Value to Revenue (EV/Rev)	2.95	3.95	2.86	4.35	2.45	3.16	3.17	3.49	6.18	2.72	0.00
Enterprise Value to EBITDA (EV/EBITDA)	7.61	8.59	7.07	22.94	4.76	8.53	11.30	0.00	15.01	3.83	0.00
Enterprise Value to EBIT (EV/EBIT)	12.71	11.72	9.87	0.00	6.13	13.04	28.30	0.00	26.76	4.61	0.00
Enterprise Value to NOPAT (EV/NOPAT)	8.15	9.23	8.91	183.84	5.90	12.64	40.61	0.00	26.33	4.34	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.74	8.67	10.69	39.60	4.96	10.78	50.92	17.29	16.29	6.01	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	33.44	0.00	0.00	0.00	0.90	68.44	23.89	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.60	1.52	1.06	1.45	1.38	1.17	1.56	1.58	0.94	0.93	0.36
Long-Term Debt to Equity	1.40	1.40	0.94	1.33	1.23	0.88	1.46	1.45	0.85	0.82	0.33
Financial Leverage	1.31	1.02	0.16	-0.80	0.08	1.24	1.48	1.09	0.76	0.43	0.92
Leverage Ratio	2.62	2.35	2.27	2.47	2.44	2.53	2.64	2.27	1.99	1.86	2.71
Compound Leverage Factor	2.60	2.43	2.59	1.42	2.06	1.53	-0.26	3.06	1.34	1.76	3.33
Debt to Total Capital	61.54%	60.29%	51.43%	59.13%	57.99%	53.96%	60.97%	61.27%	48.36%	48.08%	26.34%
Short-Term Debt to Total Capital	7.56%	4.57%	5.97%	4.95%	6.15%	13.38%	4.04%	5.10%	4.27%	5.29%	2.24%
Long-Term Debt to Total Capital	53.98%	55.72%	45.46%	54.18%	51.85%	40.57%	56.93%	56.18%	44.10%	42.79%	24.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.01%	-0.01%	-0.01%	-0.01%	-0.01%	0.01%	0.01%	0.01%	0.01%	0.00%	16.48%
Common Equity to Total Capital	21.96%	22.21%	27.00%	15.89%	15.74%	46.04%	39.02%	38.71%	51.63%	51.91%	57.18%
Debt to EBITDA	4.43	4.00	4.11	16.14	3.52	5.00	8.74	-36.00	4.52	4.11	3.52
Net Debt to EBITDA	3.93	3.63	3.64	15.35	3.20	4.45	8.34	-33.42	3.84	3.26	1.27
Long-Term Debt to EBITDA	3.88	3.70	3.63	14.79	3.15	3.76	8.16	-33.00	4.13	3.66	3.22
Debt to NOPAT	4.74	4.30	5.17	129.32	4.36	7.41	31.41	-13.68	7.94	4.67	4.29
Net Debt to NOPAT	4.20	3.90	4.59	123.00	3.97	6.60	29.97	-12.70	6.74	3.69	1.55
Long-Term Debt to NOPAT	4.16	3.97	4.57	118.50	3.90	5.57	29.33	-12.54	7.24	4.15	3.92
Altman Z-Score	1.26	1.56	1.32	0.46	1.00	0.67	0.43	0.07	1.96	0.68	0.00
Noncontrolling Interest Sharing Ratio	43.47%	44.24%	51.44%	61.82%	32.23%	0.02%	0.03%	0.02%	0.01%	11.19%	23.28%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.39	1.78	2.25	1.16	1.17	0.53	1.44	1.45	2.10	1.93	1.84
Quick Ratio	0.93	1.11	1.04	0.70	0.81	0.34	0.77	0.97	1.61	1.59	1.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	193	-106	-3,282	-90	3,316	44	98	-377	-9.06	-591	-389
Operating Cash Flow to CapEx	152.34%	57.51%	150.63%	21.65%	86.35%	144.75%	21.34%	18.29%	45.95%	26.35%	29.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	45.96	0.47	1.06	-5.40	-0.16	-33.52	-52.43
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	8.37	2.97	0.50	1.87	5.05	11.77	7.90
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-1.32	0.92	-1.82	-8.35	-5.94	-32.88	-19.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.35	0.32	0.19	0.32	0.28	0.24	0.21	0.26	0.17	0.13
Accounts Receivable Turnover	15.52	12.67	12.11	9.55	13.46	10.45	9.84	8.88	8.86	6.90	6.55
Inventory Turnover	5.69	6.54	8.16	8.04	0.00	0.00	0.00	0.00	0.13	0.00	0.00
Fixed Asset Turnover	0.00	0.00	16.14	8.66	25.83	14.00	3.52	2.02	1.19	0.77	1.88
Accounts Payable Turnover	5.53	6.12	7.97	7.22	0.00	0.00	0.00	0.00	0.13	0.00	0.00
Days Sales Outstanding (DSO)	23.52	28.80	30.14	38.21	27.12	34.93	37.10	41.09	41.21	52.91	55.71
Days Inventory Outstanding (DIO)	64.17	55.85	44.74	45.37	0.00	0.00	0.00	0.00	2,896.32	0.00	0.00
Days Payable Outstanding (DPO)	66.05	59.64	45.81	50.55	0.00	0.00	0.00	0.00	2,767.07	0.00	0.00
Cash Conversion Cycle (CCC)	21.64	25.01	29.07	33.03	27.12	34.93	37.10	41.09	170.46	52.91	55.71
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,639	5,042	4,131	387	278	3,087	2,892	2,932	2,693	2,507	1,629
Invested Capital Turnover	0.41	0.41	0.64	2.33	0.73	0.32	0.25	0.23	0.29	0.22	0.18
Increase / (Decrease) in Invested Capital	597	911	3,745	108	-2,808	195	-41	240	186	878	510
Enterprise Value (EV)	6,438	7,424	4,120	3,377	2,995	3,020	2,351	2,256	4,660	1,247	0.00
Market Capitalization	3,119	4,287	1,999	1,118	980	1,444	615	511	3,467	186	0.00
Book Value per Share	$6.00	$5.72	$6.17	$3.23	$3.05	$8.89	$6.85	$6.99	$1.92	$12.87	$11.24
Tangible Book Value per Share	$5.50	$5.22	$5.62	$2.66	$2.48	$8.23	$6.19	$6.33	$1.63	$10.87	$11.24
Total Capital	6,085	5,735	4,653	4,017	3,821	3,280	2,983	3,067	2,904	2,786	1,965
Total Debt	3,745	3,458	2,393	2,375	2,216	1,770	1,819	1,879	1,405	1,340	518
Total Long-Term Debt	3,285	3,196	2,115	2,177	1,981	1,331	1,698	1,723	1,281	1,192	474
Net Debt	3,320	3,137	2,122	2,259	2,016	1,577	1,735	1,745	1,193	1,060	187
Capital Expenditures (CapEx)	483	1,489	256	394	700	194	216	714	622	787	202
Debt-free, Cash-free Net Working Capital (DFCFNWC)	277	273	513	129	93	-149	137	122	113	94	-28
Debt-free Net Working Capital (DFNWC)	691	581	767	244	291	39	215	256	325	373	244
Net Working Capital (NWC)	230	319	489	46	56	-400	94	100	201	225	200
Net Nonoperating Expense (NNE)	294	148	-13	33	95	99	66	127	59	163	34
Net Nonoperating Obligations (NNO)	3,299	2,765	1,871	-1,256	-1,327	1,577	1,728	1,745	1,193	1,060	182
Total Depreciation and Amortization (D&A)	339	231	165	165	140	122	125	144	136	55	35
Debt-free, Cash-free Net Working Capital to Revenue	12.69%	14.49%	35.56%	16.62%	7.61%	-15.57%	18.51%	18.82%	15.01%	20.40%	-11.52%
Debt-free Net Working Capital to Revenue	31.64%	30.88%	53.21%	31.51%	23.84%	4.11%	28.90%	39.61%	43.05%	81.23%	100.80%
Net Working Capital to Revenue	10.55%	16.95%	33.94%	5.90%	4.60%	-41.75%	12.67%	15.41%	26.63%	49.12%	82.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.23	$2.95	$0.00	($0.06)	$2.11	$0.81	($0.05)	($1.56)	$0.75	$1.29	$0.00
Adjusted Weighted Average Basic Shares Outstanding	222.62M	222.62M	222.62M	203.53M	197.69M	196.89M	169.82M	169.81M	169.81M	781.94M	22.47M
Adjusted Diluted Earnings per Share	$2.23	$2.95	$0.00	($0.06)	$2.09	$0.78	($0.05)	($1.56)	$0.75	$1.29	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	222.62M	222.62M	222.62M	203.53M	197.69M	196.89M	169.82M	169.81M	169.81M	781.94M	22.47M
Adjusted Basic & Diluted Earnings per Share	$2.23	$2.95	$0.00	$0.00	$0.00	$0.00	($0.05)	($1.56)	$0.75	$1.29	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	222.62M	222.62M	222.62M	203.53M	197.69M	196.89M	169.82M	169.81M	169.81M	781.94M	19.99M
Normalized Net Operating Profit after Tax (NOPAT)	790	805	463	18	355	239	58	57	238	287	84
Normalized NOPAT Margin	36.16%	42.78%	32.08%	2.37%	29.11%	24.97%	7.80%	8.74%	31.61%	62.55%	34.94%
Pre Tax Income Margin	23.05%	34.90%	33.01%	-1.33%	33.82%	14.65%	-1.09%	-40.85%	15.62%	55.68%	56.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	6.77	2.45	0.89	-2.81	3.07	15.34	15.07
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	7.04	2.53	0.62	-1.97	3.12	16.29	16.27
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-2.92	0.40	-1.43	-13.03	-7.91	-29.31	-12.19
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-2.66	0.48	-1.70	-12.19	-7.86	-28.36	-10.98
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	87.60%	97.34%	7.02%	0.00%	75.64%	14.26%	-4.60%	-19.45%	140.03%	31.54%	42.86%
Augmented Payout Ratio	87.60%	97.34%	7.02%	0.00%	75.64%	14.26%	-4.60%	-19.45%	140.03%	31.54%	101.29%

No quarterly metrics and ratios for Frontline are available.

Frequently Asked Questions About Frontline's Financials

When does Frontline's fiscal year end?

According to the most recent income statement we have on file, Frontline's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Frontline's net income changed over the last 10 years?

Frontline's net income appears to be on an upward trend, with a most recent value of $495.58 million in 2024, rising from $86.26 million in 2014. The previous period was $656.41 million in 2023. View Frontline's forecast to see where analysts expect Frontline to go next.

What is Frontline's operating income?

Frontline's total operating income in 2024 was $801.75 million, based on the following breakdown:

Total Gross Profit: $1.41 billion
Total Operating Expenses: $607.36 million

How has Frontline revenue changed over the last 10 years?

Over the last 10 years, Frontline's total revenue changed from $241.83 million in 2014 to $2.18 billion in 2024, a change of 802.8%.

How much debt does Frontline have?

Frontline's total liabilities were at $3.88 billion at the end of 2024, a 7.6% increase from 2023, and a 268.0% increase since 2014.

How much cash does Frontline have?

In the past 10 years, Frontline's cash and equivalents has ranged from $66.48 million in 2018 to $413.53 million in 2024, and is currently $413.53 million as of their latest financial filing in 2024.

How has Frontline's book value per share changed over the last 10 years?

Over the last 10 years, Frontline's book value per share changed from 11.24 in 2014 to 6.00 in 2024, a change of -46.6%.

Related Companies

This page (NYSE:FRO) was last updated on 5/27/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Frontline (FRO) Financials

Frequently Asked Questions About Frontline's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Frontline (FRO) Financials

Annual Income Statements for Frontline

Quarterly Income Statements for Frontline

Annual Cash Flow Statements for Frontline

Quarterly Cash Flow Statements for Frontline

Annual Balance Sheets for Frontline

Quarterly Balance Sheets for Frontline

Annual Metrics And Ratios for Frontline

Quarterly Metrics And Ratios for Frontline

Frequently Asked Questions About Frontline's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools