FRONYSEDeep Sea Foreign Transportation of FreightFiscal year ends December 31
Frontline plc
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 27, 2026
$50.72−1.77 (-3.37%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 29.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
30.4%−11.2 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -8.8% | +11.1% | +10.0% | +15.7% | |
| Operating income | -23.4% | +10.3% | +3.4% | +7.6% | |
| EPS, diluted | -23.8% | -8.5% | -4.0% | +2.8% | |
| Free cash flow | – | +138.3% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 7.9% | 26.5% | – | |
| Return on assets | 4.0% | 10.9% | – | |
| Current ratio | 2.10 | 1.17 | 1.43 | |
| Debt to equity | 0.65 | 1.34 | 1.22 | |
| Interest coverage | 3.1× | 7.0× | 2.6× | |
| Capex to revenue | – | – | 0.6% | |
| Diluted shares | 157M | 198M | 223M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Frontline generated $2.75B from operations and spent $4.68B on capital expenditure, dividends and share buybacks. 72% of that went back into the business.
Generated
$2.75B
Used
$4.68B
Capital expenditure$3.37B72%Dividends$1.31B28%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin33.1%
×Asset turnover0.32×
×Equity multiplier2.27×
=Return on equity, FY202224.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2022 | 33.1% | 0.32× | 2.27× | 24.4% |
| FY2021 | -2.0% | 0.19× | 2.47× | -0.9% |
| FY2020 | 33.8% | 0.32× | 2.44× | 26.5% |
| FY2019 | 14.6% | 0.28× | 2.53× | 10.5% |
| FY2018 | -1.2% | 0.24× | 2.64× | -0.8% |
| FY2017 | -41.0% | 0.21× | 2.27× | -19.7% |
| FY2016 | 15.5% | 0.26× | 1.99× | 7.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 5 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$682.46M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$682.46M vs –
- Less leverageLong-term debt to assets fell52.8% → 47.7%
- Better liquidityCurrent ratio rose1.39 → 1.43
- No dilutionShare count did not rise223M → 223M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.37 → 0.32