Cmb.tech NV vs Frontline
Frontline is the larger business, with $1.97bn of revenue in fiscal 2025 against $1.67bn for Cmb.tech NV (1.2 times as much). Cmb.tech NV grew faster (77.2% against -8.8%). Frontline kept more of each dollar of sales as profit: a net margin of 19.2% against 9.6%. Frontline carries less debt relative to equity (122.2% against 211.6%).
| Latest fiscal year | Cmb.tech NVCMBT, 2025 | FrontlineFRO, 2025 |
|---|---|---|
| Revenue | $1.67bn | $1.97bn |
| Revenue growth | 77.2% | -8.8% |
| Net income | $161m | $379m |
| Operating margin | 33.4% | 30.4% |
| Net margin | 9.6% | 19.2% |
| Return on equity | 8.4% | 15.6% |
| Free cash flow | $444m | $670m |
| Cash | $147m | $251m |
| Total debt | $5.55bn | $3.07bn |
| Debt to equity | 211.6% | 122.2% |
| Dividend per share | — | — |
| Dividend yield | 0.4% | 1.8% |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $5.05bn | $11.69bn |
| Price vs our value range | Within our value range | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |