TRMD

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TORM plc

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Key Metrics

Previous Close: $30.97
52-Week Range: $19.30 – $35.33
Market Cap: $3.18B
P/E (TTM): 9.11
EPS (TTM): 3.41
Dividend Yield: 9.04%

Advanced Metrics

Price/Book: 1.40
PEG Ratio: —
Return on Equity: 15.65%
Return on Assets: 7.15%
Gross Margin: 51.91%
Operating Margin: 34.15%
Profit Margin: 24.45%
Current Ratio: 1.40
Debt/Equity: 0.48
Total Debt: $1.08B
Free Cash Flow: $-20.82M
Revenue Growth: 22.20%
Earnings Growth: 90.30%
Enterprise Value: $4.04B

TRMD Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.44B	$1.52B	$1.56B	$1.34B
Cost of Revenue	$598.50M	$579.60M	$610.50M	$636.10M
Gross Profit	$844.90M	$940.80M	$948.70M	$703.40M
Selling, General & Admin	$55.00M	$82.90M	$95.60M	$113.80M
Operating Expenses	$251.20M	$292.60M	$341.20M	$366.10M
Operating Income	$593.70M	$648.20M	$607.50M	$337.30M
EBITDA	$744.40M	$857.40M	$871.80M	$578.80M
Pretax Income	$556.70M	$652.00M	$609.50M	$295.20M
Income Tax	-$5.90M	$4.00M	-$2.00M	$9.20M
Net Income	$562.80M	$648.30M	$612.50M	$285.30M
Diluted EPS	6.80	7.48	6.36	2.85
Diluted Shares	82.80M	86.70M	96.30M	100.10M

TRMD Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$320.50M	$265.50M	$271.90M	$158.10M
Receivables	$263.30M	$219.70M	$210.50M	$227.50M
Inventory	$72.00M	$61.70M	$68.40M	$66.50M
Current Assets	$739.70M	$691.20M	$615.30M	$531.90M
Total Assets	$2.61B	$2.87B	$3.47B	$3.37B
Current Liabilities	$206.40M	$265.40M	$285.40M	$401.40M
Long-Term Debt	$849.80M	$886.90M	$1.06B	$714.30M
Total Debt	$966.90M	$1.06B	$1.23B	$1.00B
Total Liabilities	$1.11B	$1.20B	$1.39B	$1.16B
Retained Earnings	$1.30B	$1.38B	$1.47B	$1.79B
Shareholders' Equity	$1.50B	$1.66B	$2.07B	$2.20B
Working Capital	$533.30M	$425.80M	$329.90M	$130.50M
Net Debt	$646.40M	$794.10M	$954.40M	$845.00M

TRMD Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$502.00M	$805.00M	$826.80M	$498.90M
Capital Expenditure	-$119.90M	-$510.30M	-$583.50M	-$310.30M
Free Cash Flow	$382.10M	$294.70M	$243.30M	$188.60M
Depreciation & Amortisation	$139.00M	$149.30M	$192.00M	$214.50M
Stock-Based Compensation	$2.20M	$22.50M	$30.20M	$34.10M
Investing Cash Flow	$11.30M	-$370.60M	-$442.10M	-$152.60M
Financing Cash Flow	-$337.60M	-$489.40M	-$378.30M	-$460.10M
Dividends Paid	-$166.70M	-$586.40M	-$553.30M	-$199.70M
Share Repurchases	$0.00	—	—	—
Net Change in Cash	$175.70M	-$55.00M	$6.40M	-$113.80M

TRMD Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$329.10M	$315.20M	$342.60M	$352.60M	$402.00M
Cost of Revenue	$163.70M	$157.10M	$159.00M	$156.40M	$174.20M
Gross Profit	$165.40M	$158.10M	$183.60M	$196.20M	$227.80M
Selling, General & Admin	$25.90M	$24.50M	$29.20M	$29.20M	$23.00M
Operating Expenses	$92.50M	$88.90M	$85.90M	$98.60M	$90.50M
Operating Income	$72.90M	$69.20M	$97.70M	$97.60M	$137.30M
EBITDA	$139.40M	$130.30M	$155.60M	$153.60M	$202.60M
Pretax Income	$68.30M	$60.40M	$78.80M	$87.60M	$124.00M
Income Tax	$5.40M	$1.70M	$1.20M	$800.00K	$1.60M
Net Income	$62.90M	$58.60M	$77.60M	$86.80M	$122.40M
Diluted EPS	0.62	0.58	0.77	—	1.18
Diluted Shares	100.70M	100.80M	100.80M	—	103.30M

TRMD Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$362.30M	$369.80M	$219.70M	$158.10M	$196.40M
Receivables	$229.00M	$201.80M	$209.10M	$227.50M	$282.30M
Inventory	$72.50M	$69.50M	$65.00M	$66.50M	$82.50M
Current Assets	$694.20M	$682.80M	$517.70M	$531.90M	$575.50M
Total Assets	$3.49B	$3.40B	$3.20B	$3.37B	$3.53B
Current Liabilities	$272.20M	$266.10M	$218.90M	$401.40M	$410.90M
Long-Term Debt	$1.02B	$969.80M	$777.50M	$714.30M	$795.10M
Total Debt	$1.18B	$1.13B	$899.40M	$1.00B	$1.08B
Total Liabilities	$1.34B	$1.29B	$1.04B	$1.16B	$1.26B
Retained Earnings	$1.54B	$1.60B	$1.69B	$1.79B	$1.92B
Shareholders' Equity	$2.14B	$2.11B	$2.15B	$2.20B	$2.27B
Working Capital	$422.00M	$416.70M	$298.80M	$130.50M	$164.60M
Net Debt	$820.00M	$756.20M	$679.70M	$845.00M	$885.40M

TRMD Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$83.10M	$161.30M	$119.50M	$135.00M	$135.90M
Capital Expenditure	-$28.00M	-$28.10M	-$36.50M	-$217.70M	-$184.30M
Free Cash Flow	$55.10M	$133.20M	$83.00M	-$82.70M	-$48.40M
Depreciation & Amortisation	$53.30M	$52.10M	$53.10M	$56.00M	$59.70M
Investing Cash Flow	$43.40M	$5.10M	-$3.60M	-$197.50M	-$152.60M
Financing Cash Flow	-$47.30M	-$157.70M	-$266.40M	$11.30M	$52.00M
Dividends Paid	$0.00	-$97.70M	-$39.20M	-$62.80M	-$71.40M
Net Change in Cash	$79.20M	$8.70M	-$150.50M	-$51.20M	$35.30M

Market Snapshot

About

TORM is an international shipping company focused on transporting refined oil products worldwide. The company operates a modern fleet of product tankers that transport gasoline, jet fuel, and other refined petroleum products across global trade routes. TORM is based in Denmark and listed on NASDAQ Copenhagen and Nasdaq in the United States.