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FRO vs. TS: Frontline vs. Tenaris Stock Comparison

How do Frontline (FRO) and Tenaris (TS) 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 Tenaris (TS) both fall under the Energy industry group, but FRO is classified in Oil, Gas & Consumable Fuels while TS is classified in Energy Equipment & Services.

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

Company profile comparison for Frontline (FRO) and Tenaris (TS)
Profile ItemFROTS
NameFrontline plc Ordinary SharesTenaris S.A. American Depositary Shares
Country/RegionCyprusLuxembourg
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsEnergy Equipment & Services
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Equipment & Services
Market Capitalization10.11 billion USD29.71 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateAugust 6, 2001December 16, 2002
Security TypeCommon StockADR

Price Performance

Cumulative Growth

FRO
TS
GSPC
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Frontline (FRO) vs. Tenaris (TS), 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 Tenaris (TS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Frontline (FRO) and Tenaris (TS)
MetricFROTS
Total Return (1Y)119.28%49.29%
Total Return (3Y, Annualized)40.57%24.84%
Total Return (5Y, Annualized)52.54%22.48%

Risk Profile

Drawdown History

FRO
TS
GSPC
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Frontline (FRO) vs. Tenaris (TS), 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 Tenaris (TS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Frontline (FRO) and Tenaris (TS)
MetricFROTS
Volatility (1Y, Annualized)46.26%29.07%
Beta (5Y)0.220.88
Max Drawdown (5Y)-52.04%-33.71%
Avg. Volume (3M)3.68M1.24M

Risk-Adjusted Performance

Risk-Return Positioning

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FRO and TS 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 Tenaris (TS)
MetricFROTS
Sharpe Ratio (1Y)2.491.55
Sortino Ratio (1Y)3.742.30

Profitability

ROE (TTM)

Frontline (FRO) at 53.85% sits in the top ROE quartile, while Tenaris (TS) at 11.86% 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%

TS

Energy industry group

11.86%

Max
53.85%
Q3
24.79%
Median
12.85%
TS
11.86%
Q1
2.03%
Min
-29.09%
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Frontline (FRO) vs. Tenaris (TS): 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 Tenaris (TS) at 16.24%, 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%

TS

Energy industry group

16.24%

Max
56.92%
Q3
22.92%
TS
16.24%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Frontline (FRO) vs. Tenaris (TS): 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 Tenaris (TS) at 19.26%, 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%

TS

Energy industry group

19.26%

Max
71.31%
Q3
33.75%
TS
19.26%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Frontline (FRO) vs. Tenaris (TS): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Frontline (FRO) and Tenaris (TS)
MetricFROTS
ROE (TTM)53.85%11.86%
ROA (TTM)14.25%6.69%
Net Margin (TTM)54.76%16.24%
Operating Margin (TTM)65.83%19.26%
Gross Margin (TTM)63.03%38.54%

Growth

Revenue Growth

Both Frontline (FRO) at -4.16% and Tenaris (TS) at -4.33% 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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Frontline (FRO) vs. Tenaris (TS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Frontline (FRO) at -23.77% and Tenaris (TS) at 1.11% 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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Frontline (FRO) vs. Tenaris (TS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Frontline (FRO) and Tenaris (TS)
MetricFROTS
Revenue Growth (YoY)-4.16%-4.33%
Revenue Growth (3Y CAGR)11.17%0.62%
EPS Growth (YoY)-23.77%1.11%
EPS Growth (3Y CAGR)-8.37%-5.38%

Financial Strength

Current Ratio (MRQ)

Frontline (FRO) at 1.87 keeps current ratio within its industry’s typical mid-range, while Tenaris (TS) at 3.25 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

FRO

Energy industry group

1.87

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

TS

Energy industry group

3.25

Max
3.64
TS
3.25
Q3
2.21
Median
1.41
Q1
0.88
Min
0.24
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Frontline (FRO) vs. Tenaris (TS): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Tenaris (TS) at 0.03 keeps leverage in the lower industry quartile, while Frontline (FRO) at 0.77 runs a more typical debt-to-equity mix.

FRO

Energy industry group

0.77

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

TS

Energy industry group

0.03

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
TS
0.03
Min
0.00
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Frontline (FRO) vs. Tenaris (TS): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Frontline (FRO) and Tenaris (TS)
MetricFROTS
Current Ratio (MRQ)1.873.25
Debt / Equity (MRQ)0.770.03
Net Debt / EBITDA1.28-0.90

Dividends

Dividend Yield (TTM)

Tenaris (TS) at 2.11% 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%

TS

Energy industry group

2.11%

Max
8.57%
Q3
3.58%
TS
2.11%
Median
1.71%
Q1
0.00%
Min
0.00%
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Frontline (FRO) vs. Tenaris (TS): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Frontline (FRO) at 46.93% and Tenaris (TS) at 45.64% 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%

TS

Energy industry group

45.64%

Max
133.24%
Q3
53.31%
TS
45.64%
Median
25.24%
Q1
0.00%
Min
0.00%
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Frontline (FRO) vs. Tenaris (TS): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Frontline (FRO) and Tenaris (TS)
MetricFROTS
Dividend Yield (TTM)12.04%2.11%
Dividend Payout Ratio (TTM)46.93%45.64%

Valuation

P/E Ratio (TTM)

Frontline (FRO) at 6.81 sits in the cheaper P/E ratio quartile, while Tenaris (TS) at 15.09 is closer to its industry’s usual earnings multiple — a discount for FRO, though growth and earnings durability still matter.

FRO

Energy industry group

6.81

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

TS

Energy industry group

15.09

Max
39.54
Q3
21.72
TS
15.09
Median
12.19
Q1
7.71
Min
2.99
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Frontline (FRO) vs. Tenaris (TS): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Tenaris (TS) at 2.44 is priced about in line with its industry on P/S ratio, while Frontline (FRO) at 3.72 sits in the pricier quartile — FRO costs more per dollar of sales.

FRO

Energy industry group

3.72

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

TS

Energy industry group

2.44

Max
5.40
Q3
2.85
TS
2.44
Median
1.69
Q1
0.88
Min
0.00
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Frontline (FRO) vs. Tenaris (TS): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both Frontline (FRO) at 3.20 and Tenaris (TS) at 3.53 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

TS

Energy industry group

3.53

Max
4.21
TS
3.53
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Frontline (FRO) vs. Tenaris (TS): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Frontline (FRO) and Tenaris (TS)
MetricFROTS
P/E Ratio (TTM)6.8115.09
P/S Ratio (TTM)3.722.44
P/B Ratio (MRQ)3.203.53
Free Cash Flow Yield (TTM)2.81%6.50%