Ferroptosis is a newly discovered type of cell death that is closely related to cancer, however, the characteristics of ferroptosis and its regulators in cancers are still largely unknown. Based on the cancer omics data in The Cancer Genome Atlas, we comprehensively analyzed the alternations of ferroptosis regulator genes (FRGs) and computationally established the ferroptosis potential index (FPI) to reveal the functional roles of ferroptosis in cancer. The results showed that the mutation rates of FRGs were generally low, but most FRGs were differentially expressed in tumors among various cancer types. Frequent copy number alterations (CNA) and differential DNA methylation of FRGs contributed greatly to their aberrant expression. In most cancers, the FPIs were higher in tumors than in the adjacent normal tissues and were associated with histological types, molecular subtypes, and immunophenotype, etc. Furthermore, the FPIs could predict patient survival and were correlated with cancer drug sensitivity in cancer cell lines, and there were intensive interactions between FRGs and clinically actionable genes. Taken together, our study presents a systematical analysis of ferroptosis and its regulator genes across cancers, and highlights the potential of ferroptosis-based cancer therapy.