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EQNR vs. FRO: Equinor vs. Frontline Stock Comparison

How do Equinor (EQNR) and Frontline (FRO) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Equinor (EQNR) and Frontline (FRO) both belong to the Oil, Gas & Consumable Fuels industry, though EQNR is classified under Integrated Oil & Gas while FRO falls under Oil & Gas Storage & Transportation.

Frontline (FRO) trades as ordinary local shares, while Equinor (EQNR) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Equinor (EQNR) and Frontline (FRO)
Profile ItemEQNRFRO
NameEquinor ASA Sponsored ADRFrontline plc Ordinary Shares
Country/RegionNorwayCyprus
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasOil & Gas Storage & Transportation
Market Capitalization99.39 billion USD10.11 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 18, 2001August 6, 2001
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

EQNR
FRO
GSPC
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Equinor (EQNR) vs. Frontline (FRO), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Equinor (EQNR) and Frontline (FRO). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Equinor (EQNR) and Frontline (FRO). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Equinor (EQNR) and Frontline (FRO)
MetricEQNRFRO
Total Return (1Y)78.03%119.28%
Total Return (3Y, Annualized)17.56%40.57%
Total Return (5Y, Annualized)17.66%52.54%

Risk Profile

Drawdown History

EQNR
FRO
GSPC
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Equinor (EQNR) vs. Frontline (FRO), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Equinor (EQNR) and Frontline (FRO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equinor (EQNR) and Frontline (FRO)
MetricEQNRFRO
Volatility (1Y, Annualized)40.50%46.26%
Beta (5Y)0.180.22
Max Drawdown (5Y)-34.57%-52.04%
Avg. Volume (3M)3.77M3.68M

Risk-Adjusted Performance

Risk-Return Positioning

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EQNR and FRO are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Equinor (EQNR) and Frontline (FRO)
MetricEQNRFRO
Sharpe Ratio (1Y)1.822.49
Sortino Ratio (1Y)2.763.74

Profitability

ROE (TTM)

Both Equinor (EQNR) at 27.57% and Frontline (FRO) at 53.85% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

EQNR

Energy industry group

27.57%

Max
53.85%
EQNR
27.57%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%

FRO

Energy industry group

53.85%

FRO
53.85%
Max
53.85%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Equinor (EQNR) vs. Frontline (FRO): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Frontline (FRO) at 54.76% retains a top-quartile share of revenue as profit, ahead of Equinor (EQNR) at 9.79%, which keeps about the industry-typical share.

EQNR

Energy industry group

9.79%

Max
56.92%
Q3
22.92%
Median
10.10%
EQNR
9.79%
Q1
0.07%
Min
-27.38%

FRO

Energy industry group

54.76%

Max
56.92%
FRO
54.76%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Equinor (EQNR) vs. Frontline (FRO): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Equinor (EQNR) at 37.00% and Frontline (FRO) at 65.83% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

EQNR

Energy industry group

37.00%

Max
71.31%
EQNR
37.00%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%

FRO

Energy industry group

65.83%

Max
71.31%
FRO
65.83%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Equinor (EQNR) vs. Frontline (FRO): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Equinor (EQNR) and Frontline (FRO)
MetricEQNRFRO
ROE (TTM)27.57%53.85%
ROA (TTM)17.10%14.25%
Net Margin (TTM)9.79%54.76%
Operating Margin (TTM)37.00%65.83%
Gross Margin (TTM)43.18%63.03%

Growth

Revenue Growth

Both Equinor (EQNR) at 3.24% and Frontline (FRO) at -4.16% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Equinor (EQNR) vs. Frontline (FRO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Equinor (EQNR) at -37.62% and Frontline (FRO) at -23.77% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Equinor (EQNR) vs. Frontline (FRO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Equinor (EQNR) and Frontline (FRO)
MetricEQNRFRO
Revenue Growth (YoY)3.24%-4.16%
Revenue Growth (3Y CAGR)-10.78%11.17%
EPS Growth (YoY)-37.62%-23.77%
EPS Growth (3Y CAGR)-40.11%-8.37%

Financial Strength

Current Ratio (MRQ)

Both Equinor (EQNR) at 1.18 and Frontline (FRO) at 1.87 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

EQNR

Energy industry group

1.18

Max
3.64
Q3
2.21
Median
1.41
EQNR
1.18
Q1
0.88
Min
0.24

FRO

Energy industry group

1.87

Max
3.64
Q3
2.21
FRO
1.87
Median
1.41
Q1
0.88
Min
0.24
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Equinor (EQNR) vs. Frontline (FRO): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both Equinor (EQNR) at 0.66 and Frontline (FRO) at 0.77 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

EQNR

Energy industry group

0.66

Max
1.75
Q3
0.93
EQNR
0.66
Median
0.54
Q1
0.30
Min
0.00

FRO

Energy industry group

0.77

Max
1.75
Q3
0.93
FRO
0.77
Median
0.54
Q1
0.30
Min
0.00
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Equinor (EQNR) vs. Frontline (FRO): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Equinor (EQNR) and Frontline (FRO)
MetricEQNRFRO
Current Ratio (MRQ)1.181.87
Debt / Equity (MRQ)0.660.77
Net Debt / EBITDA0.121.28

Dividends

Dividend Yield (TTM)

Equinor (EQNR) at 3.67% earns its spot in the top quartile of its industry’s yields; Frontline (FRO) at 12.04% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

EQNR

Energy industry group

3.67%

Max
8.57%
EQNR
3.67%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%

FRO

Energy industry group

12.04%

FRO
12.04%
Max
8.57%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%
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Equinor (EQNR) vs. Frontline (FRO): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Equinor (EQNR) at 31.54% and Frontline (FRO) at 46.93% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

EQNR

Energy industry group

31.54%

Max
133.24%
Q3
53.31%
EQNR
31.54%
Median
25.24%
Q1
0.00%
Min
0.00%

FRO

Energy industry group

46.93%

Max
133.24%
Q3
53.31%
FRO
46.93%
Median
25.24%
Q1
0.00%
Min
0.00%
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Equinor (EQNR) vs. Frontline (FRO): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Equinor (EQNR) and Frontline (FRO)
MetricEQNRFRO
Dividend Yield (TTM)3.67%12.04%
Dividend Payout Ratio (TTM)31.54%46.93%

Valuation

P/E Ratio (TTM)

Frontline (FRO) at 6.81 sits in the cheaper P/E ratio quartile, while Equinor (EQNR) at 8.71 is closer to its industry’s usual earnings multiple — a discount for FRO, though growth and earnings durability still matter.

EQNR

Energy industry group

8.71

Max
39.54
Q3
21.72
Median
12.19
EQNR
8.71
Q1
7.71
Min
2.99

FRO

Energy industry group

6.81

Max
39.54
Q3
21.72
Median
12.19
Q1
7.71
FRO
6.81
Min
2.99
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Equinor (EQNR) vs. Frontline (FRO): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Equinor (EQNR) at 0.82 looks cheap on sales in the lower P/S ratio quartile, while Frontline (FRO) at 3.72 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

EQNR

Energy industry group

0.82

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
EQNR
0.82
Min
0.00

FRO

Energy industry group

3.72

Max
5.40
FRO
3.72
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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Equinor (EQNR) vs. Frontline (FRO): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Frontline (FRO) at 3.20 sits in the upper P/B ratio quartile, and Equinor (EQNR) at 4.44 prices even higher, above its industry range.

EQNR

Energy industry group

4.44

EQNR
4.44
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

FRO

Energy industry group

3.20

Max
4.21
FRO
3.20
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Equinor (EQNR) vs. Frontline (FRO): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Equinor (EQNR) and Frontline (FRO)
MetricEQNRFRO
P/E Ratio (TTM)8.716.81
P/S Ratio (TTM)0.823.72
P/B Ratio (MRQ)4.443.20
Free Cash Flow Yield (TTM)32.55%2.81%