Frontline plcFRO

NYSEIndustrialsDeep Sea Foreign Transportation of Freight
Price (close)
$47.97
Market cap
$10.7B
P/E
28.2x
Revenue (FY)
$2.0B
Net income
$379.1M
Dividend yield
12.49%
1-year total return
138.6%
Net margin
19.2%
Revenue growth
-8.8%
Debt / equity
1.09x

What Frontline plc does.

As of December 31, 2025, the Company’s fleet consisted of 80 vessels owned by the Company (41 VLCCs, 21 Suezmax tankers, 18 LR2/Aframax tankers), with an aggregate capacity of approximately 17.6 million DWT.

Our vessels operate worldwide and therefore management does not evaluate performance by geographical region as this information is not meaningful.

We own various vessel owning and operating subsidiaries. Our operations take place substantially outside of the United States. Our subsidiaries, therefore, own and operate vessels that may be affected by changes in foreign governments and other economic and political conditions. We are engaged in transporting crude oil and its related refined petroleum products and our vessels operate in the spot and time charter markets. Our VLCCs are specifically designed for the transportation of crude oil and, due to their size, are primarily used to transport crude oil from the Middle East Gulf to the Far East, Northern Europe, the Caribbean and the Louisiana Offshore Oil Port. Our Suezmax tankers are similarly designed for worldwide trading, but the trade for these vessels is mainly in the Atlantic Basin, Middle East and Southeast Asia. Our LR2/ Aframax tankers are designed to be flexible, able to transport primarily refined products, but also fuel and crude oil from smaller ports limited by draft restrictions. The vessels will normally trade between the larger refinery centers around the world, being the Gulf of Mexico, Middle East, Rotterdam and Singapore.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$1.2B$749.4M$1.4B$1.8B$2.2B$2.0B
Net income$412.9M-$11.1M$475.5M$656.4M$495.6M$379.1M
Free cash flow—-$410.8M$49.5M-$775.2M-$178.8M$669.9M

More on FRO.

Figures from Frontline plc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.