Saturday 17 October 2026 Export TRMD’s income statement to Excel — free account

TORM PLC

TORM PLC’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, down 14.1% from fiscal 2024. In the quarter to June 2026, revenue grew 110.3%, EPS grew 451.7%, free cash flow grew 48.6% and total debt fell 4.42%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

38.20 0.49 −1.27%

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Market cap: $4.0B
P/E: 6.2×
Fwd P/E: —
Dividend yield: 11.6%
F-score: 4/9
Altman Z: 2.51
Beneish M: −2.48
Dividend safety: 42/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 19.24

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	1	—	—
Sell	—	—	—	—	—	—	1	—	—	—	1	—

Insider Ownership 30.67%

Capital & Financial Ratios $m

Market Cap 3,970.00

Revenue 1,760.00

Net Income 625.10

Free Cash Flow 275.10

Net Debt 708.00

Current Ratio 2.27

Debt/Equity 0.42

P/E ratio 6.17

Fwd P/E —

P/S ratio 2.22

P/B ratio 1.53

Past 5Y EPS Growth 19.09%

This Y EPS Growth 183.13%

Next Y EPS Growth (27.10%)

Next Y revenue growth —

Next 5Y EPS Growth 5.74%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 58.76%

10-year low 10-year high

P/S against its own 10 years 98.06%

10-year low 10-year high

P/B against its own 10 years 88.06%

10-year low 10-year high

EV/Sales against its own 10 years 84.56%

10-year low 10-year high

EV/FCF against its own 10 years 90.17%

10-year low 10-year high

Dividends

Payout Ratio 0.73

Annual Dividend Rate 4.42

Annual Dividend Yield 11.57%

	total	individual payouts
2026	3.80	0.70 0.70 2.40
2025	2.02	0.60 0.40 0.40 0.62
2024	5.86	1.36 1.50 1.80 1.20
2023	7.01	2.59 1.46 1.50 1.46
2022	2.04	0.58 1.46
2020	1.05	0.10 0.10 0.85
2017	0.02	0.02

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	296	291	164	368
Receivables	272	244	238	351
Inventory	62	68	67	112
Other	47	—	24	—
	691	615	532	847

	2023	2024	2025	Q'26
Payables	43	50	41	82
ST’ Debt	173	165	289	237
Other	49	69	71	54
	265	285	401	373

Compound Annual Growth %

	10y	5y	3y
Sales	9.50%	12.38%	(2.46%)
Cash Flow	8.83%	16.17%	(0.20%)
Earnings	8.52%	26.49%	(20.26%)
Book Value	8.48%	16.70%	13.57%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	402	663	—	—	—
’25	329	315	343	353	1,340
’24	444	438	372	305	1,559
’23	390	384	358	388	1,520
’22	209	339	448	447	1,443
’21	124	151	156	189	620
’20	243	228	161	116	747

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	136	320	—	—	—
’25	83	161	120	135	499
’24	187	282	238	121	827
’23	215	193	203	195	805
’22	18	71	165	248	502
’21	10	13	12	13	48
’20	50	113	53	20	236

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(19)	245	—	—	—
’25	118	165	116	(67)	332
’24	11	282	88	(7)	374
’23	0	90	197	174	461
’22	(29)	101	182	235	489
’21	(31)	(146)	(50)	(35)	(262)
’20	(10)	75	80	1	146

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.18	3.25	—	—	—
’25	0.62	0.58	0.77	0.87	2.85
’24	2.26	2.02	1.35	0.75	6.36
’23	1.80	2.14	1.42	2.10	7.48
’22	0.12	1.31	2.63	2.73	6.80
’21	(0.28)	0.03	(0.19)	(0.10)	(0.54)
’20	0.75	0.96	0.01	(0.53)	1.19

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	0.01	13.75	4.37	5.78	6.34	6.93	6.17	22.31	17.77	13.60	Analyst estimates 2026–2028 Powerpack
	High	13.75	13.75	13.75	22.62	48.86	10.16	31.65	36.60	40.47	23.67
People
People	Employees	281	296	307	341	340	340	355	370	479	481
	Revenue/emp, $m	2.42	2.22	2.07	2.03	2.20	1.82	4.07	4.11	3.26	2.78
Income, $m
Income, $m	Revenue	680	657	635	693	747	620	1,443	1,520	1,559	1,340
	Gross margin, %	71.29	71.33	71.60	75.02	76.13	69.26	86.00	85.79	84.28	81.16
	EBT	(142)	3	(33)	167	90	(41)	557	652	610	295
	EBT margin, %	(20.84)	0.48	(5.23)	24.08	11.98	(6.58)	38.57	42.88	39.09	22.04
	Net income	(142)	2	(35)	166	88	(42)	563	648	612	286
	Depreciation	122	114	114	110	122	131	139	149	192	215
Per share, $
Per share, $	Revenue	10.81	10.55	8.66	9.36	10.06	7.93	17.75	18.19	16.66	13.64
	Earnings	(2.27)	0.04	(0.48)	2.24	1.19	(0.54)	6.92	7.75	6.54	2.91
	Cash flow	2.72	1.76	0.96	2.31	3.17	0.61	6.17	9.63	8.83	5.08
	Capex	(1.90)	(1.83)	(2.39)	(4.36)	(1.20)	(3.97)	(0.16)	(4.11)	(4.84)	(1.70)
	Free cash flow	0.82	(0.06)	(1.43)	(2.05)	1.97	(3.35)	6.01	5.52	3.99	3.38
	Book value	12.41	12.70	11.54	13.62	13.69	13.47	18.50	19.93	22.17	22.43
	Shares, m	63	62	73	74	74	78	81	84	94	98
Valuation, ×
Valuation, ×	P/E	66.59	355.30	0.00	4.84	5.88	0.00	3.96	4.06	2.96	6.73
	P/S	0.00	1.30	0.68	1.16	0.70	1.00	1.54	1.73	1.17	1.44
	P/B	1.06	1.08	0.51	0.80	0.51	0.59	1.48	1.58	0.88	0.87
	EV/Sales	0.00	2.24	1.66	2.29	1.65	2.56	1.99	2.23	1.77	2.06
	EV/FCF	0.00	(378.03)	(10.05)	(10.47)	8.41	(6.06)	5.86	7.37	7.37	8.31
Cash, $m
Cash, $m	Operating cash flow	171	110	71	171	236	48	502	805	827	499
	Capex	(119)	(114)	(176)	(323)	(89)	(310)	(13)	(344)	(453)	(166)
	Free cash flow	52	(4)	(105)	(151)	146	(262)	489	461	374	332
Balance, $m
Balance, $m	Working capital	29	105	102	21	47	56	533	426	330	131
	Total debt	670	746	750	855	842	1,135	967	1,060	1,226	1,003
	Net debt	594	612	622	783	707	964	643	764	935	840
	Shareholders’ equity	781	791	847	1,008	1,017	1,052	1,504	1,666	2,075	2,203
Returns, %
Returns, %	ROA	(8.29)	0.15	(2.07)	8.93	4.40	(1.94)	22.76	23.64	19.32	8.35
	ROIC	3.53	1.80	0.22	3.18	5.41	0.19	17.29	16.67	12.61	6.93
	ROE	(16.22)	0.31	(4.25)	17.90	8.70	(4.07)	44.04	40.91	32.75	13.34

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CMBT CMB.TECH nv	$5.2B	3.6×	5.4×	+519.15% (above 0%: growing)	n/m	+451.20% (above 0%: growing)	71.02%	54.45%	Compare
GLNG Golar LNG Limited	$4.6B	28.6×	46.3×	+100.86% (above 0%: growing)	−30.19% (below 0%: shrinking)	+33.24% (above 0%: growing)	67.68%	49.39%	Compare
STNG Scorpio Tankers Inc.	$4.2B	4.6×	5.7×	+77.54% (above 0%: growing)	+432.70% (above 0%: growing)	+490.32% (above 0%: growing)	80.00%	97.45%	Compare
TRMD TORM PLC	$4.0B	6.2×	—	+110.28% (above 0%: growing)	+451.67% (above 0%: growing)	+48.55% (above 0%: growing)	89.05%	53.58%
DHT DHT Holdings, Inc.	$3.8B	8.0×	4.7×	+122.12% (above 0%: growing)	+251.43% (above 0%: growing)	+122.28% (above 0%: growing)	83.01%	71.31%	Compare
SUNC SunocoCorp LLC	$3.7B	—	—	—	—	+1,501.72% (above 0%: growing)	10.27%	4.09%	Compare
BWLP BW LPG Limited	$3.7B	8.4×	—	−3.06% (below 0%: shrinking)	+243.48% (above 0%: growing)	+1,336.28% (above 0%: growing)	23.60%	13.87%	Compare
EE Excelerate Energy, Inc.	$3.7B	22.3×	20.9×	+60.97% (above 0%: growing)	+153.33% (above 0%: growing)	−366.08% (below 0%: shrinking)	41.87%	24.57%	Compare
TNK Teekay Tankers Ltd.	$3.4B	5.7×	4.6×	+62.97% (above 0%: growing)	+258.56% (above 0%: growing)	+278.92% (above 0%: growing)	59.49%	58.49%	Compare
Median of peers	$3.8B	8.0×	5.5×	+77.54%	+247.46%	+365.06%	63.59%	51.92%

All 58 Oil & Gas Midstream stocks →

TORM PLC (TRMD) key facts

Concern: TORM PLC’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, down 14.1% from fiscal 2024.
TORM PLC (TRMD) is an Oil & Gas Midstream company in the Energy sector, listed on Nasdaq.
As of October 16, 2026, TRMD traded at $38.20, a market capitalization of $4.0 billion.
TORM PLC pays an annual dividend of $4.42 per share, a yield of 11.6%, with a payout ratio of 72.8%.
Return on equity was 13.3% and debt-to-equity 0.42.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 2.51 (grey zone) for fiscal 2025.