FRO vs. TRP: Frontline vs. TC Energy Stock Comparison
How do Frontline (FRO) and TC Energy (TRP) 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 TC Energy (TRP) 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.
| Profile Item | FRO | TRP |
|---|---|---|
| Name | Frontline plc Ordinary Shares | TC Energy Corporation |
| Country/Region | Cyprus | Canada |
| 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 | 64.51 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | August 6, 2001 | September 20, 1982 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FRO | TRP |
|---|---|---|
| Total Return (1Y) | 119.28% | 24.67% |
| Total Return (3Y, Annualized) | 40.57% | 26.02% |
| Total Return (5Y, Annualized) | 52.54% | 9.85% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | FRO | TRP |
|---|---|---|
| Volatility (1Y, Annualized) | 46.26% | 19.39% |
| Beta (5Y) | 0.22 | 0.64 |
| Max Drawdown (5Y) | -52.04% | -38.98% |
| Avg. Volume (3M) | 3.68M | 2.56M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FRO | TRP |
|---|---|---|
| Sharpe Ratio (1Y) | 2.49 | 1.05 |
| Sortino Ratio (1Y) | 3.74 | 1.61 |
Profitability
ROE (TTM)
Frontline (FRO) at 53.85% sits in the top ROE quartile, while TC Energy (TRP) at 12.15% is closer to the peer norm — stronger capital efficiency for FRO.
FRO
Energy industry group
53.85%
- FRO
- 53.85%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
TRP
Energy industry group
12.15%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- TRP
- 12.15%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
For every dollar of sales, both Frontline (FRO) at 54.76% and TC Energy (TRP) at 25.05% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
FRO
Energy industry group
54.76%
- Max
- 56.92%
- FRO
- 54.76%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
TRP
Energy industry group
25.05%
- Max
- 56.92%
- TRP
- 25.05%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
Both Frontline (FRO) at 65.83% and TC Energy (TRP) at 41.66% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
FRO
Energy industry group
65.83%
- Max
- 71.31%
- FRO
- 65.83%
- Q3
- 33.75%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
TRP
Energy industry group
41.66%
- Max
- 71.31%
- TRP
- 41.66%
- Q3
- 33.75%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | FRO | TRP |
|---|---|---|
| ROE (TTM) | 53.85% | 12.15% |
| ROA (TTM) | 14.25% | 3.70% |
| Net Margin (TTM) | 54.76% | 25.05% |
| Operating Margin (TTM) | 65.83% | 41.66% |
| Gross Margin (TTM) | 63.03% | 70.07% |
Growth
Revenue Growth
Both Frontline (FRO) at -4.16% and TC Energy (TRP) at 10.66% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Both Frontline (FRO) at -23.77% and TC Energy (TRP) at -26.19% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | FRO | TRP |
|---|---|---|
| Revenue Growth (YoY) | -4.16% | 10.66% |
| Revenue Growth (3Y CAGR) | 11.17% | 7.38% |
| EPS Growth (YoY) | -23.77% | -26.19% |
| EPS Growth (3Y CAGR) | -8.37% | 72.24% |
Financial Strength
Current Ratio (MRQ)
Frontline (FRO) at 1.87 keeps current ratio within its industry’s typical mid-range, while TC Energy (TRP) at 0.57 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TRP.
FRO
Energy industry group
1.87
- Max
- 3.64
- Q3
- 2.21
- FRO
- 1.87
- Median
- 1.41
- Q1
- 0.88
- Min
- 0.24
TRP
Energy industry group
0.57
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- TRP
- 0.57
- Min
- 0.24
Debt / Equity (MRQ)
Frontline (FRO) at 0.77 carries an industry-typical debt-to-equity mix, while TC Energy (TRP) at 1.68 uses more debt funding than most peers.
FRO
Energy industry group
0.77
- Max
- 1.75
- Q3
- 0.93
- FRO
- 0.77
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
TRP
Energy industry group
1.68
- Max
- 1.75
- TRP
- 1.68
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
Financial Strength Metrics
| Metric | FRO | TRP |
|---|---|---|
| Current Ratio (MRQ) | 1.87 | 0.57 |
| Debt / Equity (MRQ) | 0.77 | 1.68 |
| Net Debt / EBITDA | 1.28 | 6.08 |
Dividends
Dividend Yield (TTM)
TC Energy (TRP) at 5.57% 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.
FRO
Energy industry group
12.04%
- FRO
- 12.04%
- Max
- 8.57%
- Q3
- 3.58%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
TRP
Energy industry group
5.57%
- Max
- 8.57%
- TRP
- 5.57%
- Q3
- 3.58%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Frontline (FRO) at 46.93% pays out a band-typical share of earnings, while TC Energy (TRP) at 93.87% distributes more than its industry norm — less retained, thinner cover.
FRO
Energy industry group
46.93%
- Max
- 133.24%
- Q3
- 53.31%
- FRO
- 46.93%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
TRP
Energy industry group
93.87%
- Max
- 133.24%
- TRP
- 93.87%
- Q3
- 53.31%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | FRO | TRP |
|---|---|---|
| Dividend Yield (TTM) | 12.04% | 5.57% |
| Dividend Payout Ratio (TTM) | 46.93% | 93.87% |
Valuation
P/E Ratio (TTM)
Frontline (FRO) at 6.81 sits in the cheaper P/E ratio quartile, while TC Energy (TRP) at 23.19 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
TRP
Energy industry group
23.19
- Max
- 39.54
- TRP
- 23.19
- Q3
- 21.72
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
P/S Ratio (TTM)
Both Frontline (FRO) at 3.72 and TC Energy (TRP) at 4.03 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
TRP
Energy industry group
4.03
- Max
- 5.40
- TRP
- 4.03
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
Both Frontline (FRO) at 3.20 and TC Energy (TRP) at 3.54 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.
FRO
Energy industry group
3.20
- Max
- 4.21
- FRO
- 3.20
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
TRP
Energy industry group
3.54
- Max
- 4.21
- TRP
- 3.54
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | FRO | TRP |
|---|---|---|
| P/E Ratio (TTM) | 6.81 | 23.19 |
| P/S Ratio (TTM) | 3.72 | 4.03 |
| P/B Ratio (MRQ) | 3.20 | 3.54 |
| Free Cash Flow Yield (TTM) | 2.81% | 0.77% |