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Frontline FRO.OL · NOK

Energy · Oslo Børs · 🇳🇴 Norway

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432.70

+1.88%

Close of 9 Nov 2026, in NOK

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$1.97bn

FY2016FY2025

Net income

$379.1m

FY2016FY2025

Free cash flow

$669.9m

FY2016FY2025

Shareholders' equity

$2.51bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$1.97bn$2.05bn$1.80bn$1.43bn$749.4m$1.22bn$957.3m$742.3m$646.3m$754.3m
Gross profit$972.5m$1.04bn$1.01bn$649.5m$192.4m$685.0m$404.8m$233.9m$251.3m$473.1m
Operating income$592.7m$669.6m$722.6m$437.6m$4.4m$477.9m$236.1m$72.5m$78.4m$241.9m
Net income$379.1m$495.6m$656.4m$475.5m−$15.0m$412.9m$140.0m−$8.9m−$264.9m$117.0m
Diluted earnings per share1.702.232.952.22-0.082.090.78-0.05-1.560.75

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$5.75bn$6.22bn$5.88bn$4.77bn$4.11bn$3.92bn$3.70bn$3.08bn$3.13bn$2.97bn
Cash and short-term investments$253.4m$417.6m$315.8m$490.8m$115.5m$183.2m$185.3m$86.5m$142.8m$220.6m
Total liabilities$3.24bn$3.88bn$3.60bn$2.51bn$2.46bn$2.31bn$2.19bn$1.91bn$1.95bn$1.47bn
Debt$3.07bn$3.75bn$3.46bn$2.39bn$2.38bn$2.19bn$2.05bn$1.83bn$1.88bn$1.40bn
Shareholders' equity$2.51bn$2.34bn$2.28bn$2.26bn$1.64bn$1.61bn$1.51bn$1.16bn$1.19bn$1.50bn
Shares outstanding223m223m223m214m199m198m179m170m170m157m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$682.5m$736.4m$856.2m$385.3m$85.3m$604.1m$280.2m$46.2m$130.5m$286.0m
Capital spending−$12.5m−$915.2m−$1.63bn−$335.8m−$473.8m−$190.6m−$196.0m−$216.3m−$713.6m−$622.5m
Free cash flow$669.9m−$178.8m−$775.2m$49.5m−$388.5m$413.5m$84.2m−$170.1m−$583.1m−$336.4m
Dividends paid−$207.0m−$434.1m−$638.9m−$33.4m—−$312.4m−$19.7m−$386,000−$51.4m−$164.6m

Latest quarters

By quarter end

Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024Jun 2024Mar 2024
Revenue$624.5m$432.7m$480.1m$427.9m$425.6m$490.3m$556.0m$578.4m
Gross profit$371.1m$188.2m$225.7m$187.5m$196.7m$235.9m$300.7m$311.4m
Operating income$277.7m$96.0m$131.9m$93.2m$129.7m$144.8m$255.9m$251.3m
Net income$227.9m$40.3m$77.5m$33.3m$66.7m$60.5m$187.6m$180.8m
Diluted earnings per share1.020.180.350.150.300.270.840.81
Cash from operations$283.0m$107.0m$153.0m$137.0m$167.0m$164.0m$232.0m$171.0m
Capital spending−$6.0m−$3.0m−$1.0m—−$4.0m−$2.0m−$9.0m−$899.0m
Free cash flow$277.0m$104.0m$152.0m—$163.0m$162.0m$223.0m−$728.0m
Total assets$5.75bn$5.71bn$6.11bn$6.14bn$6.22bn$6.28bn$6.45bn$6.62bn
Cash and short-term investments$253.4m$191.7m$478.7m$438.4m$417.6m$326.3m$367.5m$303.5m
Debt$2.75bn$2.95bn$3.27bn$3.35bn$3.28bn$3.39bn$3.40bn$3.77bn
Shareholders' equity$2.51bn$2.33bn$2.37bn$2.33bn$2.34bn$2.35bn$2.43bn$2.38bn

Financial ratios

Data as of 22 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin32.8%34.4%43.1%33.6%4.1%43.9%
Operating margin30.2%38.1%41.4%38.0%1.1%39.1%
Net margin19.3%24.2%36.4%33.2%-1.5%33.8%
Return on equity15.1%21.2%28.8%21.0%-0.7%25.6%
Return on assets6.6%8.0%11.2%10.0%-0.3%10.5%
Free cash flow yield0.7%1.6%2.5%0.7%0.6%1.5%
Revenue growth-4.2%13.8%26.0%90.9%-38.6%27.6%
Earnings growth-23.5%-24.5%38.0%-4365.7%-102.7%195.0%
Current ratio1.43x1.39x1.78x2.25x1.14x1.34x
Debt to equity1.09x1.60x1.52x1.05x1.41x1.33x
Equity ratio43.6%37.6%38.7%47.5%40.1%41.1%
Interest coverage2.57x2.59x4.18x5.50x0.14x6.62x
Buybacks as a share of market value0.0%0.0%-0.2%-12.3%-0.5%-16.3%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue11.2%10.0%15.7%
Operating income10.6%4.4%12.8%
Net income-7.3%-1.7%9.4%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin50.2%50.7%49.4%48.5%
Operating margin31.4%33.4%31.5%29.0%
Net margin21.8%27.7%26.1%19.9%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020
Price to earnings13.97.57.35.6-88.82.8
Price to sales2.71.82.71.91.80.9

Dividends and splits

Per share, in the currency the company pays

Paid for 4 years. Last went ex-dividend on 11 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2020FY2019FY2017
Paid in the year15.4220.931.952.870.151.600.100.30
  • 5-to-1 reverse split · 2 Feb 2016
  • 1-to-1 reverse split · 8 Dec 2004
  • 10-to-1 reverse split · 26 Oct 1998

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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