FRO vs. TRGP: Frontline vs. Targa Resources Stock Comparison

November 11, 2026

How do Frontline (FRO) and Targa Resources (TRGP) 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

Frontline (FRO) and Targa Resources (TRGP) are both classified in the Oil & Gas Storage & Transportation sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.

Company profile comparison for Frontline (FRO) and Targa Resources (TRGP)
Profile Item	FRO	TRGP
Name	Frontline plc Ordinary Shares	Targa Resources Corp.
Country/Region	Cyprus	United States
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Storage & Transportation	Oil & Gas Storage & Transportation
Market Capitalization	10.11 billion USD	56.77 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	August 6, 2001	December 7, 2010
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FRO

TRGP

GSPC

Frontline (FRO) vs. Targa Resources (TRGP), 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 Frontline (FRO) and Targa Resources (TRGP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Frontline (FRO) and Targa Resources (TRGP)
Metric	FRO	TRGP
Total Return (1Y)	119.28%	61.02%
Total Return (3Y, Annualized)	40.57%	51.25%
Total Return (5Y, Annualized)	52.54%	39.54%

Risk Profile

Drawdown History

FRO

TRGP

GSPC

Frontline (FRO) vs. Targa Resources (TRGP), 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 Frontline (FRO) and Targa Resources (TRGP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Frontline (FRO) and Targa Resources (TRGP)
Metric	FRO	TRGP
Volatility (1Y, Annualized)	46.26%	29.62%
Beta (5Y)	0.22	0.79
Max Drawdown (5Y)	-52.04%	-31.61%
Avg. Volume (3M)	3.68M	1.21M

Risk-Adjusted Performance

Risk-Return Positioning

FRO and TRGP 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 Frontline (FRO) and Targa Resources (TRGP)
Metric	FRO	TRGP
Sharpe Ratio (1Y)	2.49	1.92
Sortino Ratio (1Y)	3.74	2.91

Profitability

ROE (TTM)

Both companies show strong equity returns, but Targa Resources (TRGP) at 73.42% is the standout with ROE above its industry range; Frontline (FRO) at 53.85% also sits in the top quartile.

FRO

Energy industry group

53.85%

FRO: 53.85%
Max: 53.85%
Q3: 24.79%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

TRGP

Energy industry group

73.42%

TRGP: 73.42%
Max: 53.85%
Q3: 24.79%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

Frontline (FRO) vs. Targa Resources (TRGP): 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 Targa Resources (TRGP) at 13.46%, which keeps about the industry-typical share.

FRO

Energy industry group

54.76%

Max: 56.92%
FRO: 54.76%
Q3: 22.92%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

TRGP

Energy industry group

13.46%

Max: 56.92%
Q3: 22.92%
TRGP: 13.46%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Frontline (FRO) vs. Targa Resources (TRGP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Frontline (FRO) at 65.83% operates in the top operating margin quartile, ahead of Targa Resources (TRGP) at 19.58%, which runs around its industry’s norm.

FRO

Energy industry group

65.83%

Max: 71.31%
FRO: 65.83%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

TRGP

Energy industry group

19.58%

Max: 71.31%
Q3: 33.75%
TRGP: 19.58%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Frontline (FRO) vs. Targa Resources (TRGP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Frontline (FRO) and Targa Resources (TRGP)
Metric	FRO	TRGP
ROE (TTM)	53.85%	73.42%
ROA (TTM)	14.25%	9.52%
Net Margin (TTM)	54.76%	13.46%
Operating Margin (TTM)	65.83%	19.58%
Gross Margin (TTM)	63.03%	41.82%

Growth

Revenue Growth

Both Frontline (FRO) at -4.16% and Targa Resources (TRGP) at 3.95% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Frontline (FRO) vs. Targa Resources (TRGP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Targa Resources (TRGP) at 46.92% sits in the top EPS growth quartile, while Frontline (FRO) at -23.77% is closer to the peer norm — faster per-share earnings growth for TRGP.

Frontline (FRO) vs. Targa Resources (TRGP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Frontline (FRO) and Targa Resources (TRGP)
Metric	FRO	TRGP
Revenue Growth (YoY)	-4.16%	3.95%
Revenue Growth (3Y CAGR)	11.17%	-6.65%
EPS Growth (YoY)	-23.77%	46.92%
EPS Growth (3Y CAGR)	-8.37%	30.53%

Financial Strength

Current Ratio (MRQ)

Frontline (FRO) at 1.87 keeps current ratio within its industry’s typical mid-range, while Targa Resources (TRGP) at 0.74 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TRGP.

FRO

Energy industry group

1.87

Max: 3.64
Q3: 2.21
FRO: 1.87
Median: 1.41
Q1: 0.88
Min: 0.24

TRGP

Energy industry group

0.74

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
TRGP: 0.74
Min: 0.24

Frontline (FRO) vs. Targa Resources (TRGP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Frontline (FRO) at 0.77 is near its industry mid-range for debt-to-equity ratio, while Targa Resources (TRGP) at 5.01 sits above its benchmark range, pointing to a heavier debt load relative to equity.

FRO

Energy industry group

0.77

Max: 1.75
Q3: 0.93
FRO: 0.77
Median: 0.54
Q1: 0.30
Min: 0.00

TRGP

Energy industry group

5.01

TRGP: 5.01
Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

Frontline (FRO) vs. Targa Resources (TRGP): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Frontline (FRO) and Targa Resources (TRGP)
Metric	FRO	TRGP
Current Ratio (MRQ)	1.87	0.74
Debt / Equity (MRQ)	0.77	5.01
Net Debt / EBITDA	1.28	3.38

Dividends

Dividend Yield (TTM)

Targa Resources (TRGP) at 1.75% pays an industry-typical yield; Frontline (FRO) at 12.04% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

FRO

Energy industry group

12.04%

FRO: 12.04%
Max: 8.57%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

TRGP

Energy industry group

1.75%

Max: 8.57%
Q3: 3.58%
TRGP: 1.75%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

Frontline (FRO) vs. Targa Resources (TRGP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Frontline (FRO) at 46.93% and Targa Resources (TRGP) at 39.82% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

FRO

Energy industry group

46.93%

Max: 133.24%
Q3: 53.31%
FRO: 46.93%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

TRGP

Energy industry group

39.82%

Max: 133.24%
Q3: 53.31%
TRGP: 39.82%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

Frontline (FRO) vs. Targa Resources (TRGP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Frontline (FRO) and Targa Resources (TRGP)
Metric	FRO	TRGP
Dividend Yield (TTM)	12.04%	1.75%
Dividend Payout Ratio (TTM)	46.93%	39.82%

Valuation

P/E Ratio (TTM)

Frontline (FRO) at 6.81 sits in the cheaper P/E ratio quartile, while Targa Resources (TRGP) at 23.42 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

FRO

Energy industry group

6.81

Max: 39.54
Q3: 21.72
Median: 12.19
Q1: 7.71
FRO: 6.81
Min: 2.99

TRGP

Energy industry group

23.42

Max: 39.54
TRGP: 23.42
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

Frontline (FRO) vs. Targa Resources (TRGP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Both Frontline (FRO) at 3.72 and Targa Resources (TRGP) at 3.12 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

FRO

Energy industry group

3.72

Max: 5.40
FRO: 3.72
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

TRGP

Energy industry group

3.12

Max: 5.40
TRGP: 3.12
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

Frontline (FRO) vs. Targa Resources (TRGP): 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 Targa Resources (TRGP) at 14.87 prices even higher, above its industry range.

FRO

Energy industry group

3.20

Max: 4.21
FRO: 3.20
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

TRGP

Energy industry group

14.87

TRGP: 14.87
Max: 4.21
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

Frontline (FRO) vs. Targa Resources (TRGP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Frontline (FRO) and Targa Resources (TRGP)
Metric	FRO	TRGP
P/E Ratio (TTM)	6.81	23.42
P/S Ratio (TTM)	3.72	3.12
P/B Ratio (MRQ)	3.20	14.87
Free Cash Flow Yield (TTM)	2.81%	0.29%