--- old/src/os_cpu/windows_x86/vm/os_windows_x86.cpp	2016-07-31 23:33:19.726300654 -0700
+++ new/src/os_cpu/windows_x86/vm/os_windows_x86.cpp	2016-07-31 23:33:19.662300465 -0700
@@ -496,7 +496,15 @@
   __asm {
     mov frameptr, ebp
   };
+  // ebp (frameptr) is for this frame (_get_previous_fp). We want the ebp for the
+  // caller of os::current_frame*(), so go up two frames. However, for
+  // optimized builds, _get_previous_fp() will be inlined, so only go
+  // up 1 frame in that case.
+#ifdef _NMT_NOINLINE_
+  return **(intptr_t***)frameptr;
+#else
   return *frameptr;
+#endif
 }
 #endif // !AMD64