TORM plc (TRMD)

TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom and internationally. It operates in two segments, Tanker and Marine Engineering. The Tanker segment transports refined oil products, such as gasoline, jet fuel, diesel, naphtha, and gas oil, as well as dirty petroleum products, such as residual fuels and crude oil. The Marine Engineering segment engages in developing and producing advanced and green marine equipment. TORM plc was founded in 1889 and is based in London, the United Kingdom.

Ticker: TRMD
Exchange: Nasdaq
Sector: Energy
Industry: Oil & Gas Midstream
Market cap: $3.52B
52-week range: $19.30 - $43.31

Valuation

Share price: $34.39 (close of Nov 6, 2026)
P/E (TTM): 5.56x
Price to book: 1.38x
Price to free cash flow: 18.30x
Enterprise value: $4.23B
Book value per share: $24.91

Price performance

Period	Change
1 day	+0.23%
5 days	-19.44%
1 month	-11.93%
3 months	+16.62%
6 months	+4.50%
Year to date	+75.64%
1 year	+54.08%
3 years	+10.58%
5 years	+329.88%
All time	+352.50%

Short interest

As of: Oct 15, 2026
Short % of float: 1.07%
Shares short: 657.09K
Days to cover: 0.27
Change since prior report: -56.12%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 12.95%
Return on invested capital: 10.83%
Return on assets: 8.47%
Return on capital employed: 12.01%
Net margin: 21.30%
EBITDA margin: 42.61%
Revenue growth: -14.09%
Net income growth: -53.42%
Free cash flow growth: -22.09%

Cash flow and balance sheet

Free cash flow yield (TTM): 5.46%
Current ratio: 2.27x
Net debt to EBITDA: 1.46x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $1.34B
EBITDA: $570.80M
Net income: $285.30M
Earnings per share: $2.91
Interest expense: $74.40M
Shares outstanding: 98.20M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$1.34B	$285.30M	$2.91
2024-12-31	$1.56B	$612.50M	$6.54
2023-12-31	$1.52B	$648.30M	$7.75
2022-12-31	$1.44B	$562.80M	$6.92
2021-12-31	$619.50M	-$42.09M	-$0.54
2020-12-31	$747.40M	$88.11M	$1.19
2019-12-31	$692.61M	$166.00M	$2.24
2018-12-31	$635.37M	-$34.80M	-$0.48
2017-12-31	$656.99M	$2.40M	$0.04
2016-12-31	$680.14M	-$142.50M	-$2.27

Margins and returns by year

Period end	Net margin	Return on equity	Return on capital
2025-12-31	21.30%	12.95%	10.83%
2024-12-31	39.28%	29.52%	19.96%
2023-12-31	42.64%	38.91%	25.48%
2022-12-31	38.99%	37.43%	24.35%
2021-12-31	-6.79%	-4.00%	0.03%
2020-12-31	11.79%	8.66%	7.36%
2019-12-31	23.97%	16.47%	10.83%
2018-12-31	-5.48%	-4.11%	0.08%
2017-12-31	0.37%	0.30%	2.39%
2016-12-31	-20.95%	-18.26%	-7.38%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$158.10M	$714.30M
2024-12-31	$271.90M	$1.06B
2023-12-31	$265.50M	$886.90M
2022-12-31	$320.50M	$849.80M
2021-12-31	$144.80M	$926.45M
2020-12-31	$89.51M	$739.54M
2019-12-31	$56.85M	$756.35M
2018-12-31	$124.09M	$655.16M
2017-12-31	$132.95M	$651.60M
2016-12-31	$74.12M	$595.70M

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$190.40M	$34.10M
2024-12-31	$244.40M	$30.20M
2023-12-31	$295.30M	$22.50M
2022-12-31	$382.70M	$2.20M
2021-12-31	-$271.84M	$2.30M
2020-12-31	$62.75M	$1.70M
2019-12-31	-$213.26M	$1.90M
2018-12-31	-$131.70M	$2.00M
2017-12-31	-$35.27M	$1.90M
2016-12-31	$51.73M	$2.00M

Dividend history

Most recent payment: Sep 9, 2026
Paid in the last twelve months: $4.42

Payment date	Dividend per share
2026-09-09	$2.40
2026-05-27	$0.70
2026-03-11	$0.70
2025-11-19	$0.62
2025-08-21	$0.40
2025-05-21	$0.40
2025-03-19	$0.60
2024-11-20	$1.20

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-04	Sep 2026	-
2026-08-26	Jun 2026	-
2026-05-13	Mar 2026	-
2026-02-26	Dec 2025	-
2025-11-06	Sep 2025	-
2025-08-14	Jun 2025	$0.57
2025-05-08	Mar 2025	$0.64
2025-03-06	Dec 2024	$0.60

Filings and sources

Company website: torm.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

Similar companies

Williams Companies, Inc. (WMB) · Kinder Morgan, Inc. (KMI) · Energy Transfer LP (ET) · Targa Resources Corp. (TRGP) · ONEOK Inc (OKE) · Viper Energy, Inc. (VNOM) · Marathon Petroleum Corp (MPC) · Valero Energy Corp (VLO)

All Energy companies

Understanding these figures

Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades