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.
- Symbol
- TRMD
- Exchange
- Nasdaq
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Market cap
- $3.39B
- 52 week range
- 19.3 - 38.73
Valuation
- Share price
- $34.42 (close of 2026-09-23)
- P/E (TTM)
- 5.47x
- Price to book
- 1.61x
- Price to free cash flow
- 5.49x
- Enterprise value
- $4.15B
- Book value per share
- $21.55
Price performance
| Period | Change |
|---|
| 1 day | -7.27% |
| 5 days | -1.46% |
| 1 month | +8.24% |
| 3 months | +18.12% |
| 6 months | +29.35% |
| Year to date | +75.79% |
| 1 year | +55.05% |
| 3 years | +25.35% |
| 5 years | +346.43% |
| All time | +352.89% |
Profitability and growth
- Return on equity
- 12.95%
- Return on invested capital
- 11.39%
- Return on assets
- 8.47%
- Return on capital employed
- 12.01%
- Gross margin
- 26.60%
- 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)
- 18.20%
- Current ratio
- 2.57x
- Net debt to EBITDA
- 0.96x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $1.34B
- Cost of revenue
- $983.20M
- Gross profit
- $356.30M
- 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 | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $1.34B | $356.30M | $285.30M | $2.91 |
| 2024-12-31 | $1.56B | $658.80M | $612.50M | $6.54 |
| 2023-12-31 | $1.52B | $698.60M | $648.30M | $7.75 |
| 2022-12-31 | $1.44B | $601.50M | $562.80M | $6.92 |
| 2021-12-31 | $619.50M | $1.40M | $-42.09M | $-0.54 |
| 2020-12-31 | $747.40M | $138.91M | $88.11M | $1.19 |
| 2019-12-31 | - | - | $166.00M | $2.24 |
| 2018-12-31 | - | - | $-34.80M | $-0.48 |
| 2017-12-31 | - | - | $2.40M | $0.04 |
| 2016-12-31 | - | - | $-142.50M | $-2.27 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 26.60% | 21.30% | 12.95% | 11.39% |
| 2024-12-31 | 42.25% | 39.28% | 29.52% | 21.75% |
| 2023-12-31 | 45.95% | 42.64% | 38.91% | 28.23% |
| 2022-12-31 | 41.67% | 38.99% | 37.43% | 27.98% |
| 2021-12-31 | 0.23% | -6.79% | -4.00% | 0.03% |
| 2020-12-31 | 18.59% | 11.79% | 8.66% | 7.73% |
| 2019-12-31 | - | - | 16.47% | 11.17% |
| 2018-12-31 | - | - | -4.11% | 0.09% |
| 2017-12-31 | - | - | 0.30% | 2.77% |
| 2016-12-31 | - | - | -18.26% | -7.78% |
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
- 2026-09-09
- 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
Next earnings report
- Next confirmed report
- 2026-11-05
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-05-13 | Mar/2026 | - |
| 2026-02-26 | - | - |
| 2025-11-06 | - | - |
| 2025-08-14 | - | - |
| 2025-05-08 | - | - |
| 2025-03-06 | - | - |
| 2024-11-07 | - | - |
| 2024-08-15 | - | - |
Filings and sources
- Company website
- torm.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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