Saturday 17 October 2026
Export FRO’s income statement to Excel — free account
Frontline PLC
FRO Energy Oil & Gas Midstream
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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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
12.84 | 6.39 | 6.83 | 5.37 | 0.00 | 2.93 | 16.36 | 0.00 | 0.00 | 10.07 |
Piotroski F-Score |
6 | 6 | 6 | 7 | 2 | 7 | 7 | 5 | 2 | 7 |
P/S ratio |
2.46 | 1.46 | 2.46 | 1.72 | 1.87 | 1.00 | 2.33 | 1.27 | 1.23 | 1.55 |
Altman Z-Score |
1.79 | 1.41 | 1.64 | 1.48 | 0.54 | 1.09 | 0.90 | 0.53 | 0.28 | 1.01 |
Altman Z″-Score (non-manufacturers) |
2.14 | 1.99 | 2.12 | 2.54 | 0.78 | 1.77 | 0.31 | 0.71 | 0.39 | 1.96 |
P/FCF ratio |
6.87 | 12.49 | 0.00 | 19.09 | 0.00 | 2.78 | 26.51 | 0.00 | 0.00 | 0.00 |
Beneish M-Score |
(2.68) | (2.90) | (2.47) | (1.95) | (1.52) | (3.20) | (2.14) | (2.44) | (3.11) | (2.97) |
P/Operating CF |
17.14 | 18.82 | 44.66 | (6.67) | 29.57 | 45.99 | 20.50 | 27.07 | 78.37 | 34.73 |
Dividend Safety Score |
51 | — | — | — | — | — | — | — | — | — |
P/B ratio |
1.93 | 1.35 | 1.97 | 1.09 | 0.86 | 0.76 | 1.48 | 0.81 | 0.67 | 0.78 |
Price to Tangible BV |
2.03 | 1.42 | 2.07 | 1.15 | 0.92 | 0.81 | 1.60 | 0.89 | 0.74 | 0.92 |
EV/Sales |
3.89 | 3.00 | 4.18 | 3.04 | 4.80 | 2.62 | 3.98 | 3.60 | 3.85 | 3.04 |
EV/EBITDA |
12.81 | 8.30 | 7.81 | 7.19 | 21.45 | 4.94 | 12.50 | 12.85 | 41.31 | 7.32 |
EV/Operating CF |
11.24 | 8.81 | 8.91 | 11.34 | 42.42 | 5.30 | 13.61 | 57.82 | 19.06 | 8.03 |
EV/FCF |
10.85 | 25.63 | (12.06) | 33.75 | (11.72) | 7.31 | 45.28 | (15.69) | (4.27) | (14.07) |
Quick Ratio |
0.81 | 0.94 | 1.12 | 1.64 | 0.70 | 0.98 | 0.35 | 0.78 | 0.97 | 1.61 |
Current Ratio |
1.43 | 1.39 | 1.78 | 2.25 | 1.16 | 1.34 | 0.53 | 1.44 | 1.45 | 2.10 |
Net Debt/EBITDA |
3.03 | 2.97 | 3.21 | 3.12 | 13.11 | 3.06 | 4.37 | 8.33 | 28.11 | 3.59 |
Debt/Assets |
53.32% | 60.20% | 58.78% | 50.13% | 56.63% | 55.75% | 47.86% | 59.09% | 58.58% | 45.45% |
Debt/Equity |
1.22 | 1.60 | 1.52 | 1.06 | 1.42 | 1.36 | 1.17 | 1.56 | 1.55 | 0.90 |
Asset Turnover |
0.33 | 0.36 | 0.34 | 0.32 | 0.19 | 0.32 | 0.28 | 0.24 | 0.21 | 0.26 |
Operating CF/Net income |
1.80 | 1.49 | 1.30 | 0.81 | (5.70) | 1.46 | 2.00 | (5.20) | (0.49) | 2.44 |
Capex/Depreciation |
0.08 | (1.43) | (6.45) | (1.58) | (2.46) | (1.18) | (1.60) | (1.73) | (4.97) | (3.30) |
Interest Coverage |
2.57 | 2.65 | 4.36 | 9.83 | 0.19 | 7.04 | 2.54 | 0.89 | (1.20) | 3.13 |
| 15.63% | 21.47% | 28.93% | 24.37% | (0.92%) | 26.45% | 10.47% | (0.76%) | (19.71%) | 7.94% | |
| 6.33% | 8.19% | 12.33% | 10.72% | (0.37%) | 10.84% | 4.13% | (0.29%) | (8.68%) | 4.00% | |
ROIC |
7.03% | 8.62% | 8.61% | 6.70% | 0.14% | 8.82% | 4.84% | 1.79% | (1.81%) | 4.22% |
Return on Tangible Assets |
7.40% | 9.05% | 13.26% | 11.49% | (0.43%) | 12.13% | 6.42% | (0.35%) | (10.85%) | 6.97% |
Average Days of Receivables |
27.24 | 23.20 | 28.77 | 38.82 | 41.28 | 23.07 | 39.76 | 38.82 | 40.63 | 35.61 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
2.61% | 1.67% | 2.93% | 3.29% | 3.51% | 3.62% | 4.70% | 5.02% | 5.82% | 4.91% |
Intangible Assets out of Total Assets |
0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.08 |
Share Based Compensation of Revenue |
0.28% | (0.10%) | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.52) | (0.97) | (0.64) | (0.66) | (1.52) | (1.58) | (0.78) | (1.71) | (2.04) | (0.93) |
Graham Number |
20.77 | 22.91 | 26.06 | 22.60 | 0.00 | 19.82 | 12.40 | 0.00 | 0.00 | 12.61 |
Earnings Yield |
7.79% | 15.64% | 14.63% | 18.61% | (0.71%) | 34.08% | 6.11% | (0.90%) | (33.12%) | 9.93% |
Free Cash Flow Yield |
14.56% | 8.01% | (14.09%) | 5.24% | (21.93%) | 36.01% | 3.77% | (18.12%) | (73.37%) | (13.96%) |
Revenue per Share |
8.85 | 9.71 | 8.20 | 6.72 | 3.79 | 6.24 | 5.52 | 4.37 | 3.81 | 4.81 |
Operating CF per Share |
3.07 | 3.31 | 3.85 | 1.80 | 0.43 | 3.09 | 1.61 | 0.27 | 0.77 | 1.82 |
Capex per Share |
0.11 | (2.17) | (6.69) | (1.20) | (1.98) | (0.85) | (1.13) | (1.27) | (4.20) | (2.86) |
Free Cash Flow per Share |
3.18 | 1.14 | (2.84) | 0.61 | (1.55) | 2.24 | 0.49 | (1.00) | (3.43) | (1.04) |
Cash per Share |
1.14 | 1.88 | 1.42 | 2.29 | 0.58 | 1.01 | 1.09 | 0.52 | 0.85 | 1.41 |
Shareholders Equity per Share |
11.28 | 10.51 | 10.23 | 10.56 | 8.25 | 8.24 | 8.70 | 6.86 | 6.99 | 9.55 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
11.28 | 10.51 | 10.23 | 10.56 | 8.25 | 8.24 | 8.70 | 6.86 | 6.99 | 9.55 |
Free Cash Flow |
707.08 | 253.01 | (632.50) | 129.52 | (308.50) | 438.23 | 84.22 | (170.14) | (583.07) | (163.26) |
Working Capital |
212.55 | 230.36 | 318.87 | 489.39 | 45.74 | 96.96 | (399.63) | 94.03 | 99.61 | 200.88 |
Capital Expenditures |
24.62 | (483.40) | (1,488.68) | (255.81) | (393.76) | (165.83) | (195.97) | (216.31) | (713.56) | (449.27) |
Net Current Asset Value |
(2,535.50) | (3,054.61) | (2,877.49) | (1,627.49) | (2,131.81) | (1,928.35) | (1,739.12) | (1,605.38) | (1,624.48) | (1,082.92) |
EV/EBIT |
12.81 | 8.30 | 10.22 | 9.81 | 426.76 | 6.31 | 15.92 | 32.28 | 0.00 | 12.94 |
Capex to Sales |
(0.01) | 0.22 | 0.82 | 0.18 | 0.52 | 0.14 | 0.20 | 0.29 | 1.10 | 0.60 |
Price to Operating Income |
8.11 | 4.04 | 6.01 | 5.55 | 165.98 | 2.40 | 9.32 | 11.35 | 0.00 | 6.59 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.07 | 0.06 | 0.05 | 0.04 | 0.05 | 0.04 | 0.05 | 0.05 | 0.06 | 0.09 |
Cash ROIC |
12.12% | 3.89% | (10.45%) | 2.52% | (7.56%) | 10.97% | 2.43% | (5.54%) | (18.41%) | (5.32%) |
Accounts Receivable Turnover |
13.85 | 15.37 | 12.30 | 12.08 | 9.28 | 13.46 | 10.45 | 9.84 | 8.88 | 8.86 |
Accounts Payable Turnover |
8.21 | 10.21 | 8.85 | 12.50 | 21.75 | 52.22 | 31.82 | 31.14 | 51.42 | 50.49 |
Inventory Turnover |
7.72 | 7.39 | 6.56 | 8.31 | 8.03 | 8.77 | 8.28 | 8.12 | 8.34 | 11.00 |
Average Days of Payables |
52.63 | 35.86 | 45.09 | 38.12 | 28.42 | 5.26 | 8.49 | 15.31 | 10.39 | 4.52 |
Days of Inventory on Hand |
44.15 | 49.72 | 62.05 | 50.08 | 52.94 | 38.70 | 43.38 | 47.39 | 54.31 | 39.43 |
Average Receivables |
142.28 | 140.71 | 148.45 | 119.08 | 81.19 | 90.74 | 91.62 | 75.45 | 72.77 | 85.16 |
Average Payables |
120.97 | 98.52 | 89.88 | 62.45 | 25.61 | 10.45 | 17.63 | 17.01 | 8.07 | 6.91 |
Average Inventory |
128.53 | 136.08 | 121.14 | 93.95 | 69.32 | 62.26 | 67.71 | 65.24 | 49.71 | 31.74 |
Average Assets |
5,987.22 | 6,051.79 | 5,325.60 | 4,437.52 | 4,012.41 | 3,808.02 | 3,387.83 | 3,105.78 | 3,050.02 | 2,924.89 |
Average Common Equity |
2,425.53 | 2,308.76 | 2,268.62 | 1,950.97 | 1,626.80 | 1,560.88 | 1,337.21 | 1,175.92 | 1,343.70 | 1,473.06 |
Columns are period end dates