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Frontline (FRO) Financials

Frontline logo
$37.14 +0.02 (+0.05%)
Closing price 05/22/2026 03:59 PM Eastern
Extended Trading
$37.01 -0.13 (-0.34%)
As of 05/22/2026 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Frontline

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 155 117 -265 -8.88 140 413 -15 476 656 496 379
Consolidated Net Income / (Loss)		 124 118 -264 -8.40 140 413 -15 476 656 496 379
Net Income / (Loss) Continuing Operations		 255 118 -264 -8.40 140 413 -15 476 656 496 379
Total Pre-Tax Income 		256 118 -264 -8.08 140 413 -10 476 657 503 385
Total Operating Income		 287 177 -196 83 240 508 26 463 805 802 620
Total Gross Profit		 459 750 646 742 957 1,221 218 850 1,266 1,409 1,239
Total Revenue		 459 754 646 742 957 1,221 776 1,441 1,881 2,183 1,991
Operating Revenue		 459 754 646 742 957 1,221 776 1,441 1,881 2,183 1,991
Total Cost of Revenue		 0.00 4.00 0.00 0.00 0.00 0.00 558 591 615 774 753
Operating Cost of Revenue		 - - - - - - 558 591 615 774 753
Total Operating Expenses		 172 573 843 660 718 713 192 387 461 607 619
Selling, General & Admin Expense		 11 37 38 37 45 44 26 47 54 36 51
Depreciation Expense		 53 141 142 123 118 139 165 165 231 339 328
Other Operating Expenses / (Income)		 109 333 386 500 555 530 - 175 177 232 239
Total Other Income / (Expense), net		 -32 -60 -68 -91 -99 -95 -37 13 -148 -298 -235
Interest & Investment Income		 2.77 0.37 1.65 2.12 3.19 -3.72 7.68 58 23 -3.41 -1.60
Other Income / (Expense), net		 -17 -3.30 0.41 0.37 -7.96 -19 -44 -45 -171 -295 -233
Income Tax Expense		 0.15 0.35 0.29 0.32 0.31 -0.01 4.63 0.41 0.21 7.67 6.02
Basic Earnings per Share		 $1.29 $0.75 ($1.56) ($0.05) $0.81 $2.11 ($0.08) $2.22 $2.95 $2.23 $1.70
Weighted Average Basic Shares Outstanding		 781.94M 169.81M 169.81M 169.82M 196.89M 197.69M 203.53M 222.62M 222.62M 222.62M 222.62M
Diluted Earnings per Share		 $1.29 $0.75 ($1.56) ($0.05) $0.78 $2.09 ($0.08) $2.22 $2.95 $2.23 $1.70
Weighted Average Diluted Shares Outstanding		 781.94M 169.81M 169.81M 169.82M 196.89M 197.69M 203.53M 222.62M 222.62M 222.62M 222.62M
Basic & Diluted Earnings per Share		 $1.29 $0.75 - - - - ($0.08) $2.22 $2.95 $2.23 $1.70
Weighted Average Basic & Diluted Shares Outstanding		 781.94M 169.81M 169.81M 169.82M 196.89M 197.69M 203.53M 222.62M 222.62M 222.62M 222.62M

Quarterly Income Statements for Frontline

No quarterly income statements for Frontline are available.

Annual Cash Flow Statements for Frontline

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -32 -62 -98 -37 109 12 -62 580 54 105 -162
Net Cash From Operating Activities		 207 286 130 46 280 604 85 580 856 736 682
Net Cash From Continuing Operating Activities		 214 286 130 46 280 604 82 580 881 751 741
Net Income / (Loss) Continuing Operations		 255 118 -264 -8.40 140 413 -15 476 656 496 379
Consolidated Net Income / (Loss)		 124 118 -264 -8.40 140 413 -15 476 656 496 379
Depreciation Expense		 53 141 142 123 118 139 165 165 231 339 328
Non-Cash Adjustments To Reconcile Net Income		 -92 48 249 -32 22 5.77 -9.36 -89 137 167 208
Changes in Operating Assets and Liabilities, net		 -4.56 -16 1.87 -39 -3.93 45 -59 31 -144 -250 -175
Net Cash From Investing Activities		 -459 -396 -723 -199 -191 -716 -374 0.00 -1,235 -483 25
Net Cash From Continuing Investing Activities		 -148 -396 -723 -199 -191 -716 -374 0.00 -1,235 -483 25
Purchase of Property, Plant & Equipment		 -787 -622 -714 -216 -194 -724 -474 - -1,631 -915 -13
Sale of Property, Plant & Equipment		 - - - 0.00 0.00 25 80 - 143 432 37
Sale and/or Maturity of Investments		 - - - - 0.00 0.00 14 - 253 0.00 0.36
Net Cash From Financing Activities		 220 49 494 116 20 124 228 0.00 433 -148 -870
Net Cash From Continuing Financing Activities		 78 49 494 116 20 124 228 0.00 433 -148 -870
Repayment of Debt		 -546 -241 -119 -183 -205 -949 -229 - -537 -1,881 -2,096
Payment of Dividends		 -39 -165 -51 -0.39 -20 -312 0.00 - -639 -434 -207
Issuance of Debt		 660 356 684 299 146 1,377 404 - 1,609 2,167 1,434

Quarterly Cash Flow Statements for Frontline

No quarterly cash flow statements for Frontline are available.

Annual Balance Sheets for Frontline

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 2,883 2,966 3,134 3,078 3,698 3,912 4,107 4,768 5,883 6,221 5,754
Total Current Assets		 467 384 322 308 448 378 333 881 728 826 707
Cash & Equivalents		 265 202 104 66 174 175 113 255 308 414 251
Accounts Receivable		 97 74 72 79 104 77 85 153 144 137 147
Inventories, net		 26 38 62 69 67 58 81 107 135 137 120
Other Current Assets		 53 45 38 65 78 2.73 14 170 156 140 173
Plant, Property, & Equipment, net		 960 308 331 91 46 48 131 48 0.00 0.00 0.00
Total Noncurrent Assets		 1,455 2,274 2,481 2,671 3,203 184 166 3,785 4,767 5,372 5,038
Long-Term Investments		 - - 0.00 6.25 4.93 1.28 0.56 16 12 12 8.79
Goodwill		 225 225 112 112 112 112 112 112 112 112 112
Other Noncurrent Operating Assets		 1,189 1,482 2,347 2,542 3,075 71 53 3,657 4,642 5,248 4,916
Total Liabilities & Shareholders' Equity		 2,883 2,966 3,134 3,078 3,698 3,912 4,107 4,768 5,883 6,221 5,754
Total Liabilities		 1,437 1,467 1,946 1,914 2,188 2,307 2,465 2,509 3,605 3,881 3,243
Total Current Liabilities		 242 183 222 214 848 322 287 392 409 596 495
Short-Term Debt		 147 124 156 120 439 235 199 278 262 460 321
Accounts Payable		 38 22 21 41 33 75 80 113 146 134 174
Other Current Liabilities		 20 10 6.07 16 300 12 8.72 1.02 1.10 1.15 0.00
Total Noncurrent Liabilities		 1,195 1,284 1,724 1,699 1,339 1,985 2,178 2,117 3,196 3,285 2,748
Long-Term Debt		 746 915 1,467 1,610 1,254 1,928 2,133 2,112 3,194 3,284 2,747
Capital Lease Obligations		 447 366 256 88 76 53 44 2.37 1.43 0.45 0.00
Other Noncurrent Operating Liabilities		 2.84 3.11 1.33 1.18 8.62 3.74 0.99 2.05 0.47 0.45 0.82
Total Equity & Noncontrolling Interests		 1,446 1,500 1,188 1,164 1,510 1,605 1,642 2,260 2,277 2,340 2,511
Total Preferred & Common Equity		 1,446 1,500 1,187 1,164 1,510 1,605 1,643 2,260 2,278 2,341 2,511
Total Common Equity		 1,446 1,500 1,187 1,164 1,510 601 638 1,256 1,274 1,337 1,507
Common Stock		 891 365 367 368 594 600 652 827 827 827 827
Retained Earnings		 81 34 -273 -295 -155 1.33 -14 429 446 507 680
Other Equity Adjustments		 474 1,100 1,090 1,090 1,071 - - - 0.42 1.78 0.44
Noncontrolling Interest		 0.06 0.17 0.32 0.42 0.23 -0.47 -0.47 -0.47 -0.47 -0.47 -0.47

Quarterly Balance Sheets for Frontline

No quarterly balance sheets for Frontline are available.

Annual Metrics And Ratios for Frontline

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 222,622,889.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 222,622,889.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.70
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 287 177 -137 58 239 508 18 463 805 790 610
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 12.97% 10.94%
Earnings before Interest and Taxes (EBIT)		 270 174 -196 83 232 489 -18 418 634 507 387
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 326 310 -52 208 354 629 147 583 865 846 715
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -591 -9.06 -377 98 44 3,316 -90 -3,282 -106 193 956
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,507 2,693 2,932 2,892 3,087 278 387 4,131 5,042 5,639 5,294
Increase / (Decrease) in Invested Capital		 878 186 240 -41 195 -2,808 108 3,745 911 597 -346
Book Value per Share		 $12.87 $1.92 $6.99 $6.85 $8.89 $3.05 $3.23 $6.17 $5.72 $6.00 $6.77
Tangible Book Value per Share		 $10.87 $1.63 $6.33 $6.19 $8.23 $2.48 $2.66 $5.62 $5.22 $5.50 $6.27
Total Capital		 2,786 2,904 3,067 2,983 3,280 3,821 4,017 4,653 5,735 6,085 5,579
Total Debt		 1,340 1,405 1,879 1,819 1,770 2,216 2,375 2,393 3,458 3,745 3,068
Total Long-Term Debt		 1,192 1,281 1,723 1,698 1,331 1,981 2,177 2,115 3,196 3,285 2,747
Net Debt		 1,060 1,193 1,745 1,735 1,577 2,016 2,259 2,122 3,137 3,320 2,808
Capital Expenditures (CapEx)		 787 622 714 216 194 700 394 256 1,489 483 -25
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 94 113 122 137 -149 93 129 513 273 277 282
Debt-free Net Working Capital (DFNWC)		 373 325 256 215 39 291 244 767 581 691 533
Net Working Capital (NWC)		 225 201 100 94 -400 56 46 489 319 230 213
Net Nonoperating Expense (NNE)		 163 59 127 66 99 95 33 -13 148 294 231
Net Nonoperating Obligations (NNO)		 1,060 1,193 1,745 1,728 1,577 -1,327 -1,256 1,871 2,765 3,299 2,783
Total Depreciation and Amortization (D&A)		 55 136 144 125 122 140 165 165 231 339 328
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.29 $0.75 ($1.56) ($0.05) $0.81 $2.11 ($0.06) $0.00 $2.95 $2.23 $1.70
Adjusted Weighted Average Basic Shares Outstanding		 781.94M 169.81M 169.81M 169.82M 196.89M 197.69M 203.53M 222.62M 222.62M 222.62M 222.62M
Adjusted Diluted Earnings per Share		 $1.29 $0.75 ($1.56) ($0.05) $0.78 $2.09 ($0.06) $0.00 $2.95 $2.23 $1.70
Adjusted Weighted Average Diluted Shares Outstanding		 781.94M 169.81M 169.81M 169.82M 196.89M 197.69M 203.53M 222.62M 222.62M 222.62M 222.62M
Adjusted Basic & Diluted Earnings per Share		 $1.29 $0.75 ($1.56) ($0.05) $0.00 $0.00 $0.00 $0.00 $2.95 $2.23 $1.70
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 781.94M 169.81M 169.81M 169.82M 196.89M 197.69M 203.53M 222.62M 222.62M 222.62M 222.62M
Normalized Net Operating Profit after Tax (NOPAT)		 287 238 57 58 239 355 18 463 805 790 610
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Frontline

No quarterly metrics and ratios for Frontline are available.


Financials Breakdown Chart

Frontline Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Frontline's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Frontline's net income appears to be on an upward trend, with a most recent value of $379.08 million in 2025, rising from $124.38 million in 2015. The previous period was $495.58 million in 2024. See Frontline's forecast for analyst expectations on what's next for the company.

Frontline's total operating income in 2025 was $619.94 million, based on the following breakdown:
  • Total Gross Profit: $1.24 billion
  • Total Operating Expenses: $618.68 million

Over the last 10 years, Frontline's total revenue changed from $458.93 million in 2015 to $1.99 billion in 2025, a change of 333.9%.

Frontline's total liabilities were at $3.24 billion at the end of 2025, a 16.4% decrease from 2024, and a 125.6% increase since 2015.

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 $251.35 million as of their latest financial filing in 2025.

Over the last 10 years, Frontline's book value per share changed from 12.87 in 2015 to 6.77 in 2025, a change of -47.4%.


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Financial statements for NYSE:FRO last updated on 3/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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