Frontline plc (FRO) Stock Analysis
Energy · Oil & Gas Midstream · NYSE
Frontline plc (FRO) posted $1.97B in revenue for fiscal 2025 (down 4.2% year over year), at a 19.3% net margin, and has compounded revenue about 11.2%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Frontline plc
Frontline plc has grown revenue from $1.43B to $1.97B over the last 4 fiscal years, compounding about 11.2% a year. The most recent year was down 4.2%, so growth has cooled from its longer-run pace.
Net margin sits at 19.3%, down 4.9 points year over year on a 32.8% gross margin. It carries about $3.07B of total debt.
At today's valuation the market is pricing in roughly 1.4% annual free-cash-flow growth. The one thing worth a second look in the filings is net margin shrinking.
Synthesised from Frontline plc's SEC filings — descriptive, not advice. Ask the analyst your own question →
Frontline plc revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $1.43B | $1.80B | $2.05B | $1.97B |
| Gross profit | $484.33M | $776.11M | $705.68M | $644.05M |
| Net income | $475.54M | $656.41M | $495.58M | $379.08M |
| Net margin | 33.2% | 36.4% | 24.2% | 19.3% |
Source: Frontline plc SEC filings (10-K).
Frontline plc: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 33.2% to 19.3% over ~3 years — profitability is compressing.
What growth is priced into FRO stock?
At today's market cap of $8.48B, Frontline plc is priced for free-cash-flow growth of about 1.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $669.93M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of Frontline plc financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Frontline plc financial history by metric
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About Frontline plc
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.
Frontline plc — frequently asked questions
What is Frontline plc's revenue?
Frontline plc (FRO) reported revenue of $1.97B for fiscal year 2025, down 4.2% from the prior year, according to its SEC filings.
Is Frontline plc profitable?
Yes. FRO earned net income of $379.08M in fiscal 2025, a net margin of 19.3%.
What is FRO's P/E ratio?
Frontline plc trades at a price-to-earnings ratio of about 9.4 based on the latest data in our nightly-refreshed cache.
How fast is Frontline plc growing?
FRO's revenue grew at roughly 11.2% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Frontline plc have?
As of fiscal year 2025, FRO carried roughly $3.07B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Frontline plc's gross margin?
FRO's gross margin was 32.8% in fiscal 2025 — gross profit of $644.05M on revenue of $1.97B.
What is Frontline plc's market cap?
Frontline plc (FRO) has a market capitalization of about $8.48B, based on the latest data in our nightly-refreshed cache.
When does Frontline plc's fiscal year end?
FRO's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into FRO stock?
At today's market cap of $8.48B, Frontline plc is priced for free-cash-flow growth of about 1.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $669.93M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Frontline plc's official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.