TORM plc(TRMD)Earnings, Financials & Key Ratios

TRMD•NASDAQ

$27.99

9.5× P/E·Price updated Jul 6, 2026

SectorEnergy IndustryMidstream Oil & Gas Sub-IndustryMarine Tanker Shipping

AboutTORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. The company transports gasoline, jet fuel, and naphtha. As of March 23, 2022, it operated a fleet of approximately 85 vessels. The company was founded in 1889 and is headquartered in London, the United Kingdom.Show more

Revenue$1.39B-10.9%
EBITDA$578M-32.0%
Net Income$296M-51.7%
EPS (Diluted)2.96-53.5%
Gross Margin34.12%-43.9%
EBITDA Margin41.6%-23.8%
Operating Margin25.58%-39.4%
Net Margin21.3%-45.8%
ROE13.86%-57.7%

TRMD Price & Volume

TORM plc (TRMD) stock price & volume — 10-year historical chart

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Cyclical Freight Recovery Faces Heavy Capital Intensity

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Mixed

Profitability:Moderate

Financial:Healthy

Cash Flow:Mixed

Primary Risk:Cyclical freight rate volatility

Key Thesis Takeaways

TORM plc demonstrates a resilient recovery in its product tanker operations, evidenced by a 20.3% revenue growth in 2026Q1, though the sustainability of this momentum remains tethered to volatile global freight rates.
While the company maintains a healthy balance sheet with a 0.48 debt-to-equity ratio, investors should monitor the impact of aggressive fleet renewal, which saw capital expenditures reach 62.0% of revenue in 2025Q4.
The firm's commitment to a 7.7% dividend yield despite recent negative free cash flow of $46.6M in 2026Q1 warrants caution regarding long-term capital allocation sustainability.

Verdict Logic

while the forward P/E of 3.76 suggests potential undervaluation, the recent negative free cash flow of $46.6M and high capital intensity pose risks to the sustainability of the current 7.7% dividend yield.

TRMD Growth Metrics

TORM plc (TRMD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years9.91%

5 Years13.21%

3 Years-1.25%

TTM-2.44%

Profit CAGR

10 Years8.92%

5 Years27.43%

3 Years-19.28%

TTM-26.07%

EPS CAGR

10 Years2.12%

5 Years18.44%

3 Years-24.58%

TTM-28.87%

Return on Capital

10 Years10.55%

5 Years17.89%

3 Years20.74%

Last Year11.58%

TRMD Recent Earnings

TORM plc (TRMD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 6/12 qtrs (50%)●Beat Revenue 11/12 qtrs (92%)

Q2 2026Latest

May 13, 2026

Metric

Actual

Est

EPS

$1.18-11.3%

$1.33

Rev

$286M-3.8%

$297M

Q1 2026

Feb 26, 2026

Metric

Actual

Est

EPS

$0.87+4.7%

$0.83

Rev

$251M+6.3%

$236M

Q4 2025

Nov 6, 2025

Metric

Actual

Est

EPS

$0.77-5.6%

$0.82

Rev

$343M+25.7%

$273M

Q3 2025

Aug 14, 2025

Metric

Actual

Est

EPS

$0.58+1.8%

$0.57

Rev

$315M+51.8%

$208M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 13, 2026	$1.18vs $1.33-11.3%	$286Mvs $297M-3.8%
Q1 2026	Feb 26, 2026	$0.87vs $0.83+4.7%	$251Mvs $236M+6.3%
Q4 2025	Nov 6, 2025	$0.77vs $0.82-5.6%	$343Mvs $273M+25.7%
Q3 2025	Aug 14, 2025	$0.58vs $0.57+1.8%	$315Mvs $208M+51.8%

Based on last 12 quarters of dataView full earnings history →

Latest TRMD News

Recent stock market news and headlines for TORM plc (TRMD)

Seeking Alpha·Jun 29, 2026

TORM: Back On Sale, Q2 Results Could Restore Its Premium (Upgrade)

TORM plc offers a compelling buy opportunity as the stock trades at a rare discount to NAV amid strong cash generation and asset values. TRMD's disciplined capital allocation and consistent outperformance, despite an older fleet, support its premium valuation and attractive dividend policy. Oaktree's stake reduction and uncertainty around the Strait of Hormuz have pressured the stock, but normalization of transits could sustain elevated rates and dividends.

Peers Comparison

Key metrics vs top competitors for TORM plc (TRMD)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
TRMDTORM plcCurrent	$27.99	$2.86B	9.46	-10.86%	21.3%	13.86%	7.4%
STNGScorpio Tankers Inc.	$69.53	$3.6B	9.89	-24.58%	48.44%	15.85%	—
INSWInternational Seaways, Inc.	$85.26	$4.22B	13.69	-11.38%	55.39%	27.13%	—
TNKTeekay Tankers Ltd.	$68.76	$2.38B	6.81	-22.58%	42.6%	21.4%	—
HAFNHafnia Limited	$7.11	$3.55B	10.30	-18.12%	18.97%	19.2%	—
TENTsakos Energy Navigation Limited	$35.37	$1.07B	7.95	-0.67%	17.71%	7.86%	—

Compare TRMD vs Peers

TORM plc (TRMD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs STNG

Most directly comparable listed peer for TRMD.

Scale Benchmark

vs FRO

Larger-name benchmark to compare TRMD against a more recognizable public peer.

Peer Set

Compare Top 5

vs STNG, INSW, TNK, HAFN

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TRMD Frequently Asked Questions

TORM plc (TRMD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is TORM plc's revenue?

TORM plc (TRMD) reported $1.41B in revenue for fiscal year 2025. This represents a 423% increase from $269.6M in 2000.

How fast is TORM plc growing?

TORM plc (TRMD) saw revenue decline by 10.9% over the past year.

Is TRMD profitable?

Yes, TORM plc (TRMD) is profitable, generating $344.2M in net income for fiscal year 2025 (21.3% net margin).

Dividend & Returns

Does TRMD pay dividends?

Yes, TORM plc (TRMD) pays a dividend with a yield of 7.40%. This makes it attractive for income-focused investors.

What is TRMD's return on equity?

TORM plc (TRMD) has a return on equity (ROE) of 13.9%. This is reasonable for most industries.

What is TORM plc's free cash flow?

TORM plc (TRMD) generated $79.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in TRMD back in 2000?

Total return calculator · dividends reinvested · 26+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 13, 2026

$1.18vs $1.33-11.3%

$286Mvs $297M-3.8%

Q1 2026

Feb 26, 2026

$0.87vs $0.83+4.7%

$251Mvs $236M+6.3%

Q4 2025

Nov 6, 2025

$0.77vs $0.82-5.6%

$343Mvs $273M+25.7%

Q3 2025

Aug 14, 2025

$0.58vs $0.57+1.8%

$315Mvs $208M+51.8%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

TRMDTORM plcCurrent

$27.99

$2.86B

9.46

-10.86%

21.3%

13.86%

7.4%

STNGScorpio Tankers Inc.

$69.53

$3.6B

9.89

-24.58%

48.44%

15.85%

—

INSWInternational Seaways, Inc.

$85.26

$4.22B

13.69

-11.38%

55.39%

27.13%

—

TNKTeekay Tankers Ltd.

$68.76

$2.38B

6.81

-22.58%

42.6%

21.4%

—

HAFNHafnia Limited

$7.11

$3.55B

10.30

-18.12%

18.97%

19.2%

—

TENTsakos Energy Navigation Limited

$35.37

$1.07B

7.95

-0.67%

17.71%

7.86%

—