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Stocks · Industrials · Deep Sea Foreign Transportation of Freight

TORM plc

TRMD Clue Score53
United Kingdom Fiscal year ends December CIK 0001655891
$39.94 -0.30% Close, 9 Oct 2026
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Price $39.94 +393.09% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 23 Feb 2018. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Operating income−107.2Net income−142.5EPS, diluted−2.27Fiscal year 2017Operating income39.5Net income2.4EPS, diluted0.04Fiscal year 2018Operating income2.8Net income−34.8 −1,550.0%EPS, diluted−0.48 −1,300.0%Fiscal year 2019Operating income205.9Net income166.0EPS, diluted2.24Fiscal year 2020Revenue747.4Operating income138.9Net income88.1 −46.9%EPS, diluted1.19 −46.9%Fiscal year 2021Revenue619.5 −17.1%Operating income1.4Net income−42.1 −147.8%EPS, diluted−0.54 −145.4%Fiscal year 2022Revenue1,443.4 +133.0%Operating income601.5Net income562.8EPS, diluted6.80Fiscal year 2023Revenue1,520.4 +5.3%Operating income698.6Net income648.3 +15.2%EPS, diluted7.48 +10.0%Fiscal year 2024Revenue1,559.2 +2.6%Operating income658.8Net income612.5 −5.5%EPS, diluted6.36 −15.0%Fiscal year 2025Revenue1,339.5 −14.1%Operating income356.3Net income285.3 −53.4%EPS, diluted2.85 −55.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a n/a n/a n/a 747.4 619.5 1,443.4 1,520.4 1,559.2 1,339.5
Growth −17.1% +133.0% +5.3% +2.6% −14.1%
Operating income −107.2 39.5 2.8 205.9 138.9 1.4 601.5 698.6 658.8 356.3
Net income −142.5 2.4 −34.8 166.0 88.1 −42.1 562.8 648.3 612.5 285.3
Growth −1,550.0% −46.9% −147.8% +15.2% −5.5% −53.4%
EPS, diluted −2.27 0.04 −0.48 2.24 1.19 −0.54 6.80 7.48 6.36 2.85
Growth −1,300.0% −46.9% −145.4% +10.0% −15.0% −55.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Fiscal year 2017Fiscal year 2018Fiscal year 2019Fiscal year 2020Operating margin18.6%Net margin11.8%Free cash flow margin8.4%Fiscal year 2021Operating margin0.2%Net margin−6.8%Free cash flow margin−43.9%Fiscal year 2022Operating margin41.7%Net margin39.0%Free cash flow margin26.5%Fiscal year 2023Operating margin45.9%Net margin42.6%Free cash flow margin19.4%Fiscal year 2024Operating margin42.3%Net margin39.3%Free cash flow margin15.7%Fiscal year 2025Operating margin26.6%Net margin21.3%Free cash flow margin14.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin n/a n/a n/a n/a 18.6% 0.2% 41.7% 45.9% 42.3% 26.6%
Net margin n/a n/a n/a n/a 11.8% −6.8% 39.0% 42.6% 39.3% 21.3%
Free cash flow margin n/a n/a n/a n/a 8.4% −43.9% 26.5% 19.4% 15.7% 14.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow171.1Capital expenditure−119.4Free cash flow51.7Dividends paid−25.0Fiscal year 2017Operating cash flow109.8Capital expenditure−145.1Free cash flow−35.3 −168.2%Dividends paid−1.2Fiscal year 2018Operating cash flow70.7Capital expenditure−202.4Free cash flow−131.7Fiscal year 2019Operating cash flow171.1Capital expenditure−384.3Free cash flow−213.3Fiscal year 2020Operating cash flow235.8Capital expenditure−173.1Free cash flow62.8Buybacks−1.3Dividends paid−70.6Fiscal year 2021Operating cash flow47.9Capital expenditure−319.8Free cash flow−271.8 −533.2%Dividends paid0.0Fiscal year 2022Operating cash flow502.0Capital expenditure−119.3Free cash flow382.7Dividends paid−166.7Fiscal year 2023Operating cash flow805.0Capital expenditure−509.7Free cash flow295.3 −22.8%Dividends paid−586.4Fiscal year 2024Operating cash flow826.8Capital expenditure−582.4Free cash flow244.4 −17.2%Dividends paid−553.3Fiscal year 2025Operating cash flow498.9Capital expenditure−308.5Free cash flow190.4 −22.1%Dividends paid−199.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 171.1 109.8 70.7 171.1 235.8 47.9 502.0 805.0 826.8 498.9
Capital expenditure −119.4 −145.1 −202.4 −384.3 −173.1 −319.8 −119.3 −509.7 −582.4 −308.5
Free cash flow 51.7 −35.3 −131.7 −213.3 62.8 −271.8 382.7 295.3 244.4 190.4
Growth −168.2% −533.2% −22.8% −17.2% −22.1%
Buybacks n/a n/a n/a n/a −1.3 n/a n/a n/a n/a n/a
Dividends paid −25.0 −1.2 n/a n/a −70.6 0.0 −166.7 −586.4 −553.3 −199.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash74.1Total debt671.4Net cash (debt)−597.2Shareholders’ equity780.6Debt to equity0.86Fiscal year 2017Cash132.9Total debt743.3Net cash (debt)−610.4Shareholders’ equity791.1Debt to equity0.94Fiscal year 2018Cash124.1Total debt746.4Net cash (debt)−622.3Shareholders’ equity847.2Debt to equity0.88Fiscal year 2019Cash56.8Total debt756.4Net cash (debt)−699.5Shareholders’ equity1,007.7Debt to equity0.75Fiscal year 2020Cash89.5Total debt739.5Net cash (debt)−650.0Shareholders’ equity1,017.5Debt to equity0.73Fiscal year 2021Cash144.8Total debt926.5Net cash (debt)−781.7Shareholders’ equity1,052.2Debt to equity0.88Fiscal year 2022Cash320.5Total debt849.8Net cash (debt)−529.3Shareholders’ equity1,501.4Debt to equity0.57Fiscal year 2023Cash265.5Total debt886.9Net cash (debt)−621.4Shareholders’ equity1,664.1Debt to equity0.53Fiscal year 2024Cash271.9Total debt1,061.0Net cash (debt)−789.1Shareholders’ equity2,074.0Debt to equity0.51Fiscal year 2025Cash158.1Total debt714.3Net cash (debt)−556.2Shareholders’ equity2,202.6Debt to equity0.32
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 74.1 132.9 124.1 56.8 89.5 144.8 320.5 265.5 271.9 158.1
Total debt 671.4 743.3 746.4 756.4 739.5 926.5 849.8 886.9 1,061.0 714.3
Net cash (debt) −597.2 −610.4 −622.3 −699.5 −650.0 −781.7 −529.3 −621.4 −789.1 −556.2
Shareholders’ equity 780.6 791.1 847.2 1,007.7 1,017.5 1,052.2 1,501.4 1,664.1 2,074.0 2,202.6
Debt to equity 0.86 0.94 0.88 0.75 0.73 0.88 0.57 0.53 0.51 0.32

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a n/a n/a 18.6% 0.2% 41.7% 45.9% 42.3% 26.6%
n/a n/a n/a n/a 12.0% −6.6% 38.6% 42.9% 39.1% 22.0%
n/a n/a n/a n/a 11.8% −6.8% 39.0% 42.6% 39.3% 21.3%
n/a n/a n/a n/a 8.4% −43.9% 26.5% 19.4% 15.7% 14.2%
Spending
n/a n/a n/a n/a 23.2% 51.6% 8.3% 33.5% 37.4% 23.0%
n/a 24.4% n/a 0.5% 1.6% n/a −1.1% 0.6% −0.3% 3.1%
Returns
−18.3% 0.3% −4.1% 16.5% 8.7% −4.0% 37.5% 39.0% 29.5% 13.0%
−9.1% 0.1% −2.0% 8.3% 4.4% −1.8% 21.5% 22.6% 17.7% 8.5%
Balance and payout
0.86 0.94 0.88 0.75 0.73 0.88 0.57 0.53 0.51 0.32
50.3% 52.0% 50.6% 49.7% 49.1% 54.9% 42.5% 42.0% 40.2% 34.6%
n/a 51.7% n/a n/a 80.1% n/a 29.6% 90.5% 90.3% 70.0%
48.3% n/a n/a n/a 114.7% n/a 43.6% 198.6% 226.4% 104.9%