Frontline Ltd.
FROFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
2,050
Cost of Revenue
1,345
Gross Profit
706
Gross Margin
34.4%
Operating Income
782
Operating Margin
38.1%
Net Income
496
Net Margin
24.2%
EPS (Basic)
$2.23
EPS (Diluted)
$2.23
EBITDA
1,145
EBITDA Margin
55.8%
2023
12/31/2023
Revenue
1,802
Cost of Revenue
1,026
Gross Profit
776
Gross Margin
43.1%
Operating Income
747
Operating Margin
41.4%
Net Income
656
Net Margin
36.4%
EPS (Basic)
$2.95
EPS (Diluted)
$2.95
EBITDA
1,066
EBITDA Margin
59.2%
2022
12/31/2022
Revenue
1,430
Cost of Revenue
946
Gross Profit
484
Gross Margin
33.9%
Operating Income
446
Operating Margin
31.2%
Net Income
476
Net Margin
33.2%
EPS (Basic)
$2.22
EPS (Diluted)
$2.22
EBITDA
740
EBITDA Margin
51.7%
2021
12/31/2021
Revenue
749
Cost of Revenue
722
Gross Profit
27
Gross Margin
3.6%
Operating Income
8
Operating Margin
1.1%
Net Income
-15
Net Margin
-2.0%
EPS (Basic)
$-0.06
EPS (Diluted)
$-0.06
EBITDA
211
EBITDA Margin
28.2%
2020
12/31/2020
Revenue
1,221
Cost of Revenue
684
Gross Profit
537
Gross Margin
43.9%
Operating Income
508
Operating Margin
41.6%
Net Income
413
Net Margin
33.8%
EPS (Basic)
$2.11
EPS (Diluted)
$2.09
EBITDA
630
EBITDA Margin
51.6%