FRO
Frontline Ltd.
NYSE · BMEnergyOil & Gas Midstream
$36.93+1.21%
Price as of Jul 20, 2026
FRO financials
Frontline Ltd. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $2.0B | $2.1B | $1.8B | $1.4B |
| Cost of revenue | $1.3B | $1.3B | $1.0B | $945.9M |
| Gross profit | $644.0M | $705.7M | $776.1M | $484.3M |
| Operating expenses | $51.4M | -$76.0M | $29.4M | $38.7M |
| Operating income | $592.7M | $781.7M | $746.7M | $445.6M |
| Net income | $379.1M | $495.6M | $656.4M | $475.5M |
| EBITDA | $946.8M | $1.1B | $1.1B | $739.8M |
| Basic EPS | $1.70 | $2.23 | $2.95 | $2.22 |
| Diluted EPS | $1.70 | $2.23 | $2.95 | $2.22 |
| Balance sheet | ||||
| Cash & equivalents | $251.3M | $413.5M | $308.3M | $254.5M |
| Total assets | $5.8B | $6.2B | $5.9B | $4.8B |
| Total liabilities | $3.2B | $3.9B | $3.6B | $2.5B |
| Stockholders’ equity | $2.5B | $2.3B | $2.3B | $2.3B |
| Total debt | $3.1B | $3.7B | $3.5B | $2.4B |
| Net debt | $2.8B | $3.3B | $3.2B | $2.1B |
| Cash flow | ||||
| Operating cash flow | $682.5M | $736.4M | $856.2M | $370.9M |
| Capital expenditure | -$12.5M | -$915.2M | -$1.6B | -$318.0M |
| Free cash flow | $669.9M | -$178.8M | -$775.2M | $52.9M |
| Dividends paid | -$207.0M | -$434.1M | -$638.9M | -$33.4M |
| Share repurchases | $0.00 | $0.00 | $0.00 | $0.00 |