Frontline (FRO) Revenue & Revenue Breakdown


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Frontline Revenue Highlights


Latest Revenue (Y)

$1.80B

Latest Revenue (Q)

$578.40M

Main Segment (Y)

Voyage Charter

Frontline Revenue by Period


Frontline Revenue by Year

DateRevenueChange
2023-12-31$1.80B26.01%
2022-12-31$1.43B90.85%
2021-12-31$749.38M-38.64%
2020-12-31$1.22B27.56%
2019-12-31$957.32M28.97%
2018-12-31$742.27M14.84%
2017-12-31$646.33M-14.32%
2016-12-31$754.31M64.36%
2015-12-31$458.93M-18.00%
2014-12-31$559.69M8.22%
2013-12-31$517.19M-22.59%
2012-12-31$668.11M-17.53%
2011-12-31$810.10M-30.48%
2010-12-31$1.17B2.54%
2009-12-31$1.14B-49.41%
2008-12-31$2.25B72.80%
2007-12-31$1.30B-17.93%
2006-12-31$1.58B4.63%
2005-12-31$1.51B-18.42%
2004-12-31$1.86B58.09%
2003-12-31$1.17B181.81%
2002-12-31$416.52M-35.66%
2001-12-31$647.35M7.90%
2000-12-31$599.94M136.93%
1999-12-31$253.21M24.21%
1998-12-31$203.86M519.64%
1997-12-31$32.90M-1.79%
1996-03-31$33.50M14.73%
1995-03-31$29.20M16.80%
1994-03-31$25.00M-

Frontline generated $1.80B in revenue during NA 2023, up 26.01% compared to the previous quarter, and up 242.79% compared to the same period a year ago.

Frontline Revenue by Quarter

DateRevenueChange
2024-03-31$578.40M39.37%
2023-12-31$415.00M10.06%
2023-09-30$377.08M-26.46%
2023-06-30$512.76M3.10%
2023-03-31$497.33M-6.19%
2022-12-31$530.14M38.71%
2022-09-30$382.19M27.21%
2022-06-30$300.44M38.17%
2022-03-31$217.44M1.82%
2021-12-31$213.55M24.28%
2021-09-30$171.82M1.06%
2021-06-30$170.02M-12.36%
2021-03-31$193.99M10.93%
2020-12-31$174.87M-29.32%
2020-09-30$247.41M-36.08%
2020-06-30$387.08M-6.01%
2020-03-31$411.82M89.73%
2019-12-31$217.05M15.67%
2019-09-30$187.64M-2.98%
2019-06-30$193.41M-18.83%
2019-03-31$238.28M9.78%
2018-12-31$217.05M14.98%
2018-09-30$188.77M13.16%
2018-06-30$166.82M-1.65%
2018-03-31$169.62M-5.02%
2017-12-31$178.58M27.13%
2017-09-30$140.47M-6.44%
2017-06-30$150.15M-15.23%
2017-03-31$177.13M-0.65%
2016-12-31$178.29M13.45%
2016-09-30$157.16M-18.04%
2016-06-30$191.76M-15.56%
2016-03-31$227.10M47.45%
2015-12-31$154.02M26.75%
2015-09-30$121.51M-9.84%
2015-06-30$134.78M-6.65%
2015-03-31$144.38M6.87%
2014-12-31$135.10M-0.38%
2014-09-30$135.62M13.99%
2014-06-30$118.97M-30.02%
2014-03-31$170.00M18.41%
2013-12-31$143.57M13.50%
2013-09-30$126.49M4.35%
2013-06-30$121.22M-3.72%
2013-03-31$125.90M-36.23%
2012-12-31$197.44M55.70%
2012-09-30$126.81M-28.18%
2012-06-30$176.58M5.55%
2012-03-31$167.29M3.90%
2011-12-31$161.01M-7.42%
2011-09-30$173.91M-20.73%
2011-06-30$219.40M-6.56%
2011-03-31$234.81M1.75%
2010-12-31$230.78M-10.54%
2010-09-30$257.95M-29.48%
2010-06-30$365.78M7.07%
2010-03-31$341.64M30.33%
2009-12-31$262.14M11.04%
2009-09-30$236.07M-16.15%
2009-06-30$281.54M-21.05%
2009-03-31$356.60M-39.95%
2008-12-31$593.81M114.85%
2008-09-30$276.38M-59.01%
2008-06-30$674.27M24.11%
2008-03-31$543.26M71.56%
2007-12-31$316.67M-

Frontline generated $578.40M in revenue during Q1 2024, up 39.37% compared to the previous quarter, and up 109.10% compared to the same period a year ago.

Frontline Revenue Breakdown


Frontline Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Voyage Charter$1.72B$2.69B---
Time Charter$63.77M$143.58M---
Other Revenue--$14.11M$22.33M-
Time charter--$132.00K--
Voyage charter--$664.00M$1.01B$887.50M
Finance lease interest-----

Frontline's latest annual revenue breakdown by segment (product or service), as of Dec 23: Voyage Charter (96.43%), and Time Charter (3.57%).

Quarterly Revenue by Product

Product/ServiceJun 22Jun 21Jun 20Jun 19Jun 18
Voyage charter$463.19M$313.92M$708.53M$395.44M$308.71M
Time charter----$15.45M
Other Revenue$6.24M$7.98M$13.84M$16.35M-
Finance lease interest----$701.00K
Other revenue----$11.58M

Frontline's latest quarterly revenue breakdown by segment (product or service), as of Jun 22: Voyage charter (98.67%), and Other Revenue (1.33%).

Frontline Revenue Breakdown by Country

Quarterly Revenue by Country

CountryJun 22Jun 21Jun 20Jun 19Jun 18
Voyage charter$463.19M$313.92M$708.53M$395.44M$308.71M
Time charter----$15.45M
Other Revenue$6.24M$7.98M$13.84M$16.35M-
Finance lease interest----$701.00K
Other revenue----$11.58M

Frontline's latest quarterly revenue breakdown by geography, as of Jun 22: Voyage charter (98.67%), and Other Revenue (1.33%).

Frontline Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
FROFrontline$1.80B$578.40M
TNKTeekay Tankers$1.36B$338.34M
STNGScorpio Tankers$1.34B$391.34M
INSWInternational Seaways$1.07B$257.41M
DHTDHT$556.08M$145.88M

FRO Revenue FAQ


What is Frontline’s yearly revenue?

Frontline's yearly revenue for 2023 was $1.8B, representing an increase of 26.01% compared to 2022. The company's yearly revenue for 2022 was $1.43B, representing an increase of 90.85% compared to 2021. FRO's yearly revenue for 2021 was $749.38M, representing a decrease of -38.64% compared to 2020.

What is Frontline’s quarterly revenue?

Frontline's quarterly revenue for Q1 2024 was $578.4M, a 39.37% increase from the previous quarter (Q4 2023), and a 16.30% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $415M, a 10.06% increase from the previous quarter (Q3 2023), and a -21.72% decrease year-over-year (Q4 2022). FRO's quarterly revenue for Q3 2023 was $377.08M, a -26.46% decrease from the previous quarter (Q2 2023), and a -1.33% decrease year-over-year (Q3 2022).

What is Frontline’s revenue growth rate?

Frontline's revenue growth rate for the last 3 years (2021-2023) was 140.49%, and for the last 5 years (2019-2023) was 88.25%.

What are Frontline’s revenue streams?

Frontline's revenue streams in c 23 are Voyage Charter, and Time Charter. Voyage Charter generated $1.72B in revenue, accounting 96.43% of the company's total revenue, down -35.99% year-over-year. Time Charter generated $63.77M in revenue, accounting 3.57% of the company's total revenue, down -55.59% year-over-year.

What is Frontline’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Frontline was Voyage Charter. This segment made a revenue of $1.72B, representing 96.43% of the company's total revenue.