TORM Financial Statements
NASDAQ: TRMDConsumer DiscretionaryMarine TransportationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
TORM revenue and earnings
In fiscal 2025, TORM generated $1.34 billion in revenue, down 14.1% from fiscal 2024, its first annual decline since 2021. Net income was $285.3 million (-53.4% year over year), for a net margin of 21.3% versus a median of 39.0% in the prior 5 years. Operating margin was 26.6%.
Diluted earnings per share came in at $2.85, down from $6.36. Over the last 5 fiscal years, TRMD's revenue has grown at a 12.4% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
TORM income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.34B | 1.56B | 1.52B | 1.44B | 619.50M | 747.40M | — | — | — | — |
| Revenue growth (YoY) | -14.09% | +2.55% | +5.33% | +132.99% | -17.11% | — | — | — | — | — |
| Operating Expenses | 252.40M | 245.10M | 216.00M | 202.10M | 190.47M | 178.38M | 172.98M | 180.44M | 188.37M | 195.25M |
| Operating Income | 356.30M | 658.80M | 698.60M | 601.50M | 1.40M | 138.91M | 205.89M | 2.82M | 39.53M | -107.21M |
| Interest Expense | 74.40M | 74.10M | 60.90M | 48.80M | 42.38M | 49.91M | 41.88M | 39.34M | 40.60M | 37.33M |
| Pretax Income | 295.20M | 609.50M | 652.00M | 556.70M | -40.74M | 89.53M | 166.81M | -33.22M | 3.18M | -141.73M |
| Income Tax | 9.20M | -2.00M | 4.00M | -5.90M | 1.34M | 1.42M | 784.00K | 1.56M | 777.00K | 760.00K |
| Net Income | 285.30M | 612.50M | 648.30M | 562.80M | -42.09M | 88.11M | 166.00M | -34.80M | 2.40M | -142.50M |
| Net Income growth (YoY) | -53.42% | -5.52% | +15.19% | — | -147.77% | -46.92% | — | -1550.00% | — | -213.11% |
| EPS (Basic) | 2.91 | 6.54 | 7.75 | 6.92 | -0.54 | 1.19 | 2.24 | -0.48 | 0.04 | -2.27 |
| EPS (Diluted) | 2.85 | 6.36 | 7.48 | 6.80 | -0.54 | 1.19 | 2.24 | -0.48 | 0.04 | -2.27 |
| Shares Outstanding (Basic) | 98.20M | 93.60M | 83.60M | 81.30M | 78.10M | 74.30M | 74.00M | 73.10M | 62.00M | 62.90M |
| Shares Outstanding (Diluted) | 100.10M | 96.30M | 86.70M | 82.80M | 78.40M | 74.30M | 74.00M | 73.10M | 62.00M | 62.90M |
| EBITDA | 570.80M | 850.80M | 847.90M | 740.50M | 132.25M | 260.83M | — | — | — | — |
| Operating Margin | 26.60% | 42.25% | 45.95% | 41.67% | 23.00% | 18.59% | — | — | — | — |
| Net Margin | 21.30% | 39.28% | 42.64% | 38.99% | -6.79% | 11.79% | — | — | — | — |
This table shows 10 annual periods of TORM's income statement, from FY 2025 back to FY 2016, across 14 line items including revenue, operating expenses, operating income. Values in USD; B = billions, M = millions. Fiscal periods follow TRMD's reporting calendar. What is a income statement?