Frontline/$FRO
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Frontline
Frontline PLC is an international shipping company engaged in the seaborne transportation of crude oil and oil products. It owns and operates modern fleets in the industry, consisting of VLCCs, Suezmax tankers, LR2, and Aframax tankers, which operate in the spot and time charter markets. The vessels normally trade between the larger refinery centers around the world, such as the Gulf of Mexico, the Middle East, Rotterdam, and Singapore. The company generates the majority of its revenue from voyage and time charters. It has only one reportable segment: tankers.
- Ticker
- $FRO
- Sector
- Energy
- Primary listing
- NYSE
- Employees
- 85
- Headquarters
- Limassol, Cyprus
- Website
- www.frontlineplc.cy
Frontline Metrics
BasicAdvanced
$11B
7.68
$6.68
0.06
$6.18
20.35%
Price and volume
Market cap
$11B
Beta
0.06
52-week high
$59.75
52-week low
$20.47
Average daily volume
4.5M
Dividend rate
$6.18
Financial strength
Current ratio
1.87
Quick ratio
0.66
Long term debt to equity
0.688
Total debt to equity
0.772
Dividend payout ratio (TTM)
46.87%
Interest coverage (TTM)
7.40%
Profitability
EBITDA (TTM)
1,623.23
Gross margin (TTM)
63.03%
Net profit margin (TTM)
54.76%
Operating margin (TTM)
50.05%
Effective tax rate (TTM)
0.24%
Revenue per employee (TTM)
$31,940,000
Management effectiveness
Return on assets (TTM)
14.25%
Return on equity (TTM)
53.85%
Valuation
Price to earnings (TTM)
7.681
Price to revenue (TTM)
4.206
Price to book
3.62
Price to tangible book (TTM)
3.75
Price to free cash flow (TTM)
16.573
Free cash flow yield (TTM)
6.03%
Free cash flow per share (TTM)
3.095
Dividend yield (TTM)
12.05%
Forward dividend yield
20.35%
Growth
Revenue change (TTM)
48.84%
Earnings per share change (TTM)
524.55%
3-year revenue growth (CAGR)
12.19%
10-year revenue growth (CAGR)
14.95%
3-year earnings per share growth (CAGR)
21.67%
10-year earnings per share growth (CAGR)
15.35%
3-year dividend per share growth (CAGR)
27.92%
10-year dividend per share growth (CAGR)
16.19%
Bulls say / Bears say
Frontline’s Q2 2026 profit was a record $659 million, and its Q3 bookings were strong across all fleet classes. Those rates sit far above its estimated fleet cash breakeven of about $24,000 a day, creating substantial earnings and cash-flow leverage if they hold. (Frontline)
Route diversions and longer voyages are tying up more ships and lifting tanker demand measured in miles sailed. Frontline says renewed Red Sea attacks could shift more cargo around the Cape, while changes in crude loading patterns are also lengthening voyages. (SEC)
A large wave of new ships could weaken freight rates as deliveries reach the market. Frontline says the order book for vessel classes it owns is 25.4% of the existing fleet, with more than a third of the fleet potentially over 20 years old once those orders are delivered. (SEC)
The current earnings surge depends heavily on disruption, rather than only on underlying oil demand and vessel supply. Frontline says those fundamentals have temporarily taken a back seat, and warns that full-quarter Q3 spot earnings may fall below the rates already booked because of ballast days. (Frontline)
Frontline remains exposed to substantial floating-rate debt, so higher interest rates would erode profits even if freight earnings stay strong. At June 2026, variable-rate borrowings net of swaps were about $2.21 billion; a one-percentage-point rate rise would add roughly $22 million to annual interest expense. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 15 Oct 2026.
Frontline Financial Performance
Revenues and expenses
Frontline Earnings Performance
Company profitability
Upcoming events
No upcoming events
Frontline News
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Funds containing Frontline
AllUSDEURGBP
Fund name | Fund size | $FRO weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | $3.6B | 0.51% |
Xtrackers MSCI Europe Small Cap£XXSC | $3.6B | 0.51% |
iShares STOXX Europe 600 Industrial Goods & Services€EXH4 | €588M | 0.33% |
L&G Global Quality Dividends£LDGG | $353M | 0.14% |
iShares World Equity High Income Active£WINC | $685M | 0.13% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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