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TORM PLC

TRMD Energy Oil & Gas Midstream

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%
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 (at or above 1.5: strong)
Debt/Equity 0.42 (at or below 0.5: strong)
P/E ratio 6.17
Fwd P/E —
P/S ratio 2.22
P/B ratio 1.53
Past 5Y EPS Growth 19.09% (at or above 15%: strong)
This Y EPS Growth 183.13% (at or above 15%: strong)
Next Y EPS Growth (27.10%) (below 0%: weak)
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
EV/Sales is 2.6×, against a ten-year median of 2.0×; over the ten years it ranged from 1.3× in 2020 to 3.0× in 2026.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

TORM PLC vs peers in Oil & Gas Midstream (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

TORM PLC (TRMD) Latest News

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stockrow.com/TRMD · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com