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Frontline Plc logo

Frontline Plc

FRO

NYSEIndustrialsMarine Shipping

Open in GoAI

Previous close

$43.67

+$0.11 · +0.25%

Aug 21, 4:00 PM ET

Pre-market

$43.66

−$0.01 · -0.02%

Aug 24, 5:58 AM ET

FRO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

87

Deep Value

Momentum

62

Gaining

Sentiment

50

Mixed

Risk resilience

64

Moderate Risk

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Company profile

Company website

Frontline plc, a shipping company, engages in the ownership and operation of oil and product tankers worldwide. The company owns and operates oil and product tankers, such as very large crude carriers (VLCCs), Suezmax tankers, and LR2/Aframax tankers. As of December 31, 2025, it operated a fleet of 80 vessels, including 41 VLCCs, 21 Suezmax tankers, and 18 LR2/Aframax tankers. The company is also involved in the charter, purchase, and sale of vessels. Frontline plc was founded in 1985 and is based in Limassol, Cyprus.

Industry
Marine Shipping
Sector
Industrials
Headquarters
CY
CEO
Lars H. Barstad
Listed since
Aug 6, 2001
Employees
85

Market position

Day range

Current $43.67

52-week range

Current $43.67

Open
$43.61
Previous close
$43.56
Volume
1.93M
0.71× average
Average volume
2.7M
Average daily volume
Market cap
9.72B USD
Beta
0.05
Market reference 1
50-day average
$38.9614
+12.09% above average
200-day average
$32.6071
+33.93% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.67B USD
P/E (TTM)
10.76×
P/B (TTM)
3.42×
P/S (TTM)
4.32×
EV / EBITDA
8.11×
Earnings yield
7.80%
Free cash flow yield
13.79%
Dividend yield
7.17%

Profitability & efficiency

Gross margin
41.47%
Operating margin
38.89%
Net margin
40.19%
Return on equity
15.10%
Return on assets
6.59%
Return on invested capital
10.46%

Financial health

Debt / equity
0.93×
Current ratio
1.43×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends48%30%12%-7%Gross margin, FY2021: 3.63%Gross margin, FY2022: 33.86%Gross margin, FY2023: 43.07%Gross margin, FY2024: 34.42%Gross margin, FY2025: 32.77%Operating margin, FY2021: 1.13%Operating margin, FY2022: 31.16%Operating margin, FY2023: 41.43%Operating margin, FY2024: 38.13%Operating margin, FY2025: 30.16%Net margin, FY2021: -2.00%Net margin, FY2022: 33.25%Net margin, FY2023: 36.42%Net margin, FY2024: 24.17%Net margin, FY2025: 19.29%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 3.63%. Gross margin FY2022 33.86%. Gross margin FY2023 43.07%. Gross margin FY2024 34.42%. Gross margin FY2025 32.77%. Operating margin FY2021 1.13%. Operating margin FY2022 31.16%. Operating margin FY2023 41.43%. Operating margin FY2024 38.13%. Operating margin FY2025 30.16%. Net margin FY2021 -2.00%. Net margin FY2022 33.25%. Net margin FY2023 36.42%. Net margin FY2024 24.17%. Net margin FY2025 19.29%.

Income trends

Revenue

1.97B USD-4.16%

Operating income

592.68M USD-24.18%

Net income

379.08M USD-23.51%
Income trends across reported periods2.26B USD1.43B USD604.64M USD−221.5M USDRevenue, FY2021: 749.38M USDRevenue, FY2022: 1.43B USDRevenue, FY2023: 1.8B USDRevenue, FY2024: 2.05B USDRevenue, FY2025: 1.97B USDOperating income, FY2021: 8.48M USDOperating income, FY2022: 445.62M USDOperating income, FY2023: 746.67M USDOperating income, FY2024: 781.71M USDOperating income, FY2025: 592.68M USDNet income, FY2021: −14.96M USDNet income, FY2022: 475.54M USDNet income, FY2023: 656.41M USDNet income, FY2024: 495.58M USDNet income, FY2025: 379.08M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 749.38M USD. Revenue FY2022 1.43B USD. Revenue FY2023 1.8B USD. Revenue FY2024 2.05B USD. Revenue FY2025 1.97B USD. Operating income FY2021 8.48M USD. Operating income FY2022 445.62M USD. Operating income FY2023 746.67M USD. Operating income FY2024 781.71M USD. Operating income FY2025 592.68M USD. Net income FY2021 −14.96M USD. Net income FY2022 475.54M USD. Net income FY2023 656.41M USD. Net income FY2024 495.58M USD. Net income FY2025 379.08M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.97B USD2.05B USD1.8B USD1.43B USD749.38M USD
Cost of goods sold1.32B USD1.34B USD1.03B USD945.88M USD722.15M USD
Gross profit644.05M USD705.68M USD776.11M USD484.33M USD27.23M USD
Selling, general, and administrative51.37M USD36.09M USD53.53M USD47.37M USD26.42M USD
Operating expenses51.37M USD−76.04M USD29.45M USD38.71M USD18.76M USD
Interest income15.84M USD16.79M USD16.5M USD1.46M USD121K USD
Interest expense233.23M USD302.32M USD178.5M USD98.71M USD61.51M USD
Depreciation and amortization328.46M USD339.03M USD230.94M USD165.17M USD160.16M USD
Operating income592.68M USD781.71M USD746.67M USD445.62M USD8.48M USD
Net income379.08M USD495.58M USD656.41M USD475.54M USD−14.96M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
18%
2 beats, 8 misses, 1 met estimate
Average EPS surprise
-7.66%
11 comparable reports
Latest EPS result
2.51
Estimate 2.44 · Beat by 2.87%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.942.011.080.15Q4 '24MissQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Nov 27, 2024: actual 0.27, estimate 0.361, surprise -25.27%, Miss. Q1 2025, reported Feb 28, 2025: actual 0.3, estimate 0.2, surprise +50.00%, Beat. Q2 2025, reported May 23, 2025: actual 0.18, estimate 0.189, surprise -4.61%, Miss. Q3 2025, reported Aug 29, 2025: actual 0.36, estimate 0.42, surprise -14.29%, Miss. Q4 2025, reported Nov 21, 2025: actual 0.18, estimate 0.267, surprise -32.56%, Miss. Q1 2026, reported Feb 27, 2026: actual 1.03, estimate 1.15, surprise -10.43%, Miss. Q2 2026, reported May 22, 2026: actual 2.51, estimate 2.44, surprise +2.87%, Beat. Q3 2026, reported Aug 28, 2026: actual —, estimate 2.74, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates799.91M603.57M407.24M210.9MQ4 '24BeatQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26Estimate
Q4 2024, reported Nov 27, 2024: actual 490.32M USD, estimate 309.11M USD, surprise +58.62%, Beat. Q1 2025, reported Feb 28, 2025: actual 425.64M USD, estimate 255.55M USD, surprise +66.56%, Beat. Q2 2025, reported May 23, 2025: actual 248.12M USD, estimate 255.55M USD, surprise -2.91%, Miss. Q3 2025, reported Aug 29, 2025: actual 282.95M USD, estimate 307.4M USD, surprise -7.95%, Miss. Q4 2025, reported Nov 21, 2025: actual 248.16M USD, estimate 262.1M USD, surprise -5.32%, Miss. Q1 2026, reported Feb 27, 2026: actual 424.51M USD, estimate 457.09M USD, surprise -7.13%, Miss. Q2 2026, reported May 22, 2026: actual 536.55M USD, estimate 579.59M USD, surprise -7.43%, Miss. Q3 2026, reported Aug 28, 2026: actual —, estimate 759.03M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

22 ratings
Strong buy00%
Buy836%
Hold1045%
Sell418%
Strong sell00%

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ETFs holding FRO

Funds reporting this stock among their holdings, ordered by reported position size.

Schwab International Small-Cap Equity ETF logoSchwab International Small-Cap Equity ETFSCHC
Market value
13.63M
Weight
0.24%
AUM
5.73B USD
Expense ratio
0.06%
Price / 1D
$51.25+0.61%
State Street SPDR Portfolio Developed World ex-US ETF logoState Street SPDR Portfolio Developed World ex-US ETFSPDW
Market value
7.45M
Weight
0.02%
AUM
41.92B USD
Expense ratio
0.03%
Price / 1D
$52.02+0.79%
Alpha Architect International Quantitative Value ETF logoAlpha Architect International Quantitative Value ETFIVAL
Market value
5.06M
Weight
2.25%
AUM
213.59M USD
Expense ratio
0.38%
Price / 1D
$37.2294+0.67%
Schwab Fundamental International Small Company Index ETF logoSchwab Fundamental International Small Company Index ETFFNDC
Market value
4.83M
Weight
0.15%
AUM
3.16B USD
Expense ratio
0.39%
Price / 1D
$50.98+0.33%
Invesco Oil & Gas Services ETF logoInvesco Oil & Gas Services ETFPXJ
Market value
3.85M
Weight
5.77%
AUM
66.58M USD
Expense ratio
0.67%
Price / 1D
$46.35-0.04%
Alpha Architect International Quantitative Momentum ETF logoAlpha Architect International Quantitative Momentum ETFIMOM
Market value
3.34M
Weight
2.11%
AUM
157.17M USD
Expense ratio
0.38%
Price / 1D
$41.545+1.11%
State Street SPDR S&P Global Infrastructure ETF logoState Street SPDR S&P Global Infrastructure ETFGII
Market value
2.05M
Weight
0.22%
AUM
943.35M USD
Expense ratio
0.40%
Price / 1D
$74.495-0.53%
FT Energy Income Partners Strategy ETF logoFT Energy Income Partners Strategy ETFEIPX
Market value
913.93K
Weight
0.16%
AUM
579.54M USD
Expense ratio
0.95%
Price / 1D
$33.18-0.91%

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