Saturday 17 October 2026 Export FRO’s income statement to Excel — free account

Frontline PLC

Frontline PLC’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, down 8.85% from fiscal 2024. In the quarter to June 2026, revenue grew 112.3%, EPS grew 745.7%, free cash flow grew 155.4% and total debt fell 32.1%, each against the same quarter a year earlier.

52.49 0.05 −0.10%

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Market cap: $11.7B
P/E: 7.9×
Fwd P/E: 4.6×
Dividend yield: 10.3%
F-score: 6/9
Altman Z: 1.79
Beneish M: −2.68
Dividend safety: 51/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 35.71%

Capital & Financial Ratios $m

Market Cap 11,700.00

Revenue 3,011.14

Net Income 379.08

Free Cash Flow 1,692.00

Net Debt 2,112.54

Current Ratio 1.87

Debt/Equity 0.77

P/E ratio 7.87

Fwd P/E 4.56

P/S ratio 3.88

P/B ratio 3.71

Past 5Y EPS Growth (4.05%)

This Y EPS Growth 507.78%

Next Y EPS Growth (48.17%)

Next Y revenue growth 39.26%

Next 5Y EPS Growth 23.63%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 44.42%

10-year low 10-year high

P/S against its own 10 years 99.04%

10-year low 10-year high

P/B against its own 10 years 99.56%

10-year low 10-year high

EV/Sales against its own 10 years 80.94%

10-year low 10-year high

EV/FCF against its own 10 years 29.60%

10-year low 10-year high

Dividends

Payout Ratio 0.81

Annual Dividend Rate 5.38

Annual Dividend Yield 10.25%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	9.67	1.03 1.55 2.61
2025	1.87	0.20 0.18 0.36 0.19
2024	1.95	0.37 0.62 0.62 0.34
2023	2.87	1.07 0.70 0.80 0.30
2022	0.15	0.15
2021	Powerpack
2020	1.60	0.40 0.70 0.50
2019	0.10	0.10
2018	Powerpack
2017	0.45	0.15 0.15 0.15
2016	1.60	0.35 0.35 0.40 0.20 0.20 0.10

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	316	420	254	322
Receivables	144	137	147	—
Inventory	135	137	120	—
Other	117	118	164	590
	728	826	707	912

	2023	2024	2025	Q'26
Payables	98	99	143	—
ST’ Debt	262	460	321	266
Other	—	134	—	222
	409	596	495	488

Compound Annual Growth %

	10y	5y	3y
Sales	15.69%	10.05%	11.08%
Cash Flow	12.65%	2.47%	20.99%
Earnings	9.38%	(1.69%)	(7.28%)
Book Value	5.67%	9.27%	3.57%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	929	1,019	—	—	—
’25	428	480	439	625	1,971
’24	621	608	490	443	2,163
’23	512	522	377	415	1,826
’22	223	301	382	533	1,438
’21	194	170	172	218	753
’20	412	387	247	175	1,221

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	382	579	—	—	—
’25	138	154	108	283	682
’24	171	233	165	168	736
’23	270	283	203	100	856
’22	20	72	664	(370)	385
’21	12	29	(4)	48	85
’20	205	241	132	26	604

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	887	387	—	—	—
’25	137	152	142	276	707
’24	(554)	432	162	213	253
’23	218	324	202	(1,377)	(633)
’22	86	(84)	743	(615)	130
’21	(32)	(108)	(40)	(127)	(308)
’20	178	142	101	18	438

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.51	2.96	—	—	—
’25	0.15	0.35	0.18	1.02	1.70
’24	0.81	0.84	0.27	0.30	2.23
’23	0.90	1.04	0.48	0.53	2.95
’22	0.15	0.23	0.69	1.08	2.21
’21	0.15	(0.13)	(0.17)	0.10	(0.06)
’20	0.84	1.01	0.29	(0.05)	2.09

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	6.80	4.47	3.79	4.82	5.28	5.73	6.10	10.55	13.17	12.40	Analyst estimates 2026–2028 Powerpack
	High	14.75	7.55	8.33	12.95	13.33	9.86	14.85	22.95	29.39	26.00
People
People	Employees	135	128	145	157	84	79	78	88	85	85
	Revenue/emp, $m	5.59	5.05	5.12	6.10	14.54	9.54	18.44	20.75	25.44	23.19
Income, $m
Income, $m	Revenue	754	646	742	957	1,221	753	1,438	1,826	2,163	1,971
	Gross margin, %	53.73	35.83	28.65	41.40	55.31	26.08	45.72	56.46	53.49	49.64
	EBT	118	(264)	(8)	140	413	(10)	476	657	503	385
	EBT margin, %	15.62	(40.85)	(1.09)	14.65	33.82	(1.37)	33.09	35.95	23.27	19.54
	Net income	118	(264)	(8)	140	413	(15)	476	656	496	379
	Depreciation	136	144	125	122	140	160	162	231	339	328
Per share, $
Per share, $	Revenue	4.81	3.81	4.37	5.52	6.24	3.79	6.72	8.20	9.71	8.85
	Earnings	0.75	(1.56)	(0.05)	0.81	2.11	(0.06)	2.21	2.95	2.23	1.70
	Cash flow	1.82	0.77	0.27	1.61	3.09	0.43	1.80	3.85	3.31	3.07
	Capex	(2.86)	(4.20)	(1.27)	(1.13)	(0.85)	(1.98)	(1.20)	(6.69)	(2.17)	0.11
	Free cash flow	(1.04)	(3.43)	(1.00)	0.49	2.24	(1.55)	0.61	(2.84)	1.14	3.18
	Book value	9.55	6.99	6.86	8.70	8.24	8.25	10.56	10.23	10.51	11.28
	Shares, m	157	170	170	174	196	199	214	223	223	223
Valuation, ×
Valuation, ×	P/E	10.07	0.00	0.00	16.36	2.93	0.00	5.37	6.83	6.39	12.84
	P/S	1.55	1.23	1.27	2.33	1.00	1.87	1.72	2.46	1.46	2.46
	P/B	0.78	0.67	0.81	1.48	0.76	0.86	1.09	1.97	1.35	1.93
	EV/Sales	3.04	3.85	3.60	3.98	2.62	4.80	3.04	4.18	3.00	3.89
	EV/FCF	(14.07)	(4.27)	(15.69)	45.28	7.31	(11.72)	33.75	(12.06)	25.63	10.85
Cash, $m
Cash, $m	Operating cash flow	286	130	46	280	604	85	385	856	736	682
	Capex	(449)	(714)	(216)	(196)	(166)	(394)	(256)	(1,489)	(483)	25
	Free cash flow	(163)	(583)	(170)	84	438	(308)	130	(633)	253	707
Balance, $m
Balance, $m	Working capital	201	100	94	(400)	97	46	489	319	230	213
	Total debt	1,348	1,836	1,819	1,770	2,184	2,326	2,390	3,458	3,745	3,068
	Net debt	1,127	1,692	1,731	1,581	1,986	2,210	1,900	3,142	3,325	2,814
	Shareholders’ equity	1,500	1,188	1,164	1,510	1,612	1,642	2,260	2,277	2,340	2,511
Returns, %
Returns, %	ROA	4.00	(8.68)	(0.29)	4.13	10.84	(0.37)	10.72	12.33	8.19	6.33
	ROIC	4.22	(1.81)	1.79	4.84	8.82	0.14	6.70	8.61	8.62	7.03
	ROE	7.94	(19.71)	(0.76)	10.47	26.45	(0.92)	24.37	28.93	21.47	15.63

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PAGP Plains Group Holdings, L.P.	$20.7B	9.8×	15.6×	+66.26% (above 0%: growing)	+1,213.33% (above 0%: growing)	+50.93% (above 0%: growing)	4.57%	2.24%	Compare
WES Western Midstream Partners, LP	$18.2B	14.0×	12.6×	+29.97% (above 0%: growing)	+12.50% (above 0%: growing)	−36.19% (below 0%: shrinking)	90.41%	43.01%	Compare
PAA Plains All American Pipeline, L.P.	$17.7B	7.0×	13.5×	+66.26% (above 0%: growing)	+1,095.24% (above 0%: growing)	+50.92% (above 0%: growing)	4.57%	2.25%	Compare
VNOM Viper Energy Inc.	$15.7B	322×	18.4×	+127.95% (above 0%: growing)	+160.71% (above 0%: growing)	+146.15% (above 0%: growing)	100.00%	63.22%	Compare
DTM DT Midstream, Inc.	$12.1B	26.9×	29.8×	+11.00% (above 0%: growing)	+4.76% (above 0%: growing)	+12.50% (above 0%: growing)	100.00%	50.44%	Compare
FRO Frontline PLC	$11.7B	7.9×	4.6×	+112.25% (above 0%: growing)	+745.71% (above 0%: growing)	+155.42% (above 0%: growing)	74.15%	65.92%
AM Antero Midstream Corporation	$9.5B	24.6×	19.5×	+7.13% (above 0%: growing)	−7.69% (below 0%: shrinking)	−11.79% (below 0%: shrinking)	74.17%	55.59%	Compare
KNTK Kinetik Holdings Inc.	$8.7B	19.8×	54.5×	+36.25% (above 0%: growing)	+96.97% (above 0%: growing)	+775.96% (above 0%: growing)	46.77%	23.04%	Compare
SOBO South Bow Corporation	$7.0B	15.7×	21.2×	+4.20% (above 0%: growing)	+39.13% (above 0%: growing)	+48.75% (above 0%: growing)	55.68%	48.90%	Compare
Median of peers	$13.9B	17.8×	19.0×	+33.11%	+68.05%	+49.83%	64.93%	45.96%

All 58 Oil & Gas Midstream stocks →

Frontline PLC (FRO) key facts

Concern: Frontline PLC’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, down 8.85% from fiscal 2024.
Frontline PLC (FRO) is an Oil & Gas Midstream company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, FRO traded at $52.49, a market capitalization of $11.7 billion.
Frontline PLC pays an annual dividend of $5.38 per share, a yield of 10.3%, with a payout ratio of 80.7%.
Return on equity was 15.6% and debt-to-equity 0.77.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.79 (distress zone) for fiscal 2025.