TORM (TRMD) Financials

$15.96 -0.08 (-0.50%)

Closing price 05/30/2025 04:00 PM Eastern

Extended Trading

$15.98 +0.02 (+0.16%)

As of 05/30/2025 07:53 PM Eastern

Annual Income Statements for TORM

This table shows TORM's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	611	648	562	-42	88	166	-35	2.41	-142	126
Consolidated Net Income / (Loss)	612	648	563	-42	88	166	-35	2.41	-142	126
Net Income / (Loss) Continuing Operations	612	648	563	-42	88	166	-35	2.41	-142	126
Total Pre-Tax Income	610	652	557	-41	90	167	-33	3.18	-142	126
Total Operating Income	659	699	601	1.50	139	206	2.63	40	-107	142
Total Gross Profit	947	925	792	188	342	253	170	203	242	404
Total Revenue	1,611	1,571	1,454	620	748	694	634	651	659	527
Operating Revenue	1,611	1,571	1,454	620	748	694	634	651	659	527
Total Cost of Revenue	664	646	662	431	406	441	463	448	417	123
Operating Cost of Revenue	664	646	662	431	406	441	463	448	417	123
Total Operating Expenses	288	226	191	187	203	47	168	163	349	263
Selling, General & Admin Expense	96	83	55	52	51	48	48	45	41	189
Depreciation Expense	192	149	139	131	122	110	114	114	122	67
Other Operating Expenses / (Income)	0.50	-6.30	-5.90	-0.41	19	2.91	1.96	0.42	0.30	6.30
Impairment Charge	0.00	0.00	2.60	4.65	11	-114	3.25	3.57	185	0.00
Total Other Income / (Expense), net	-49	-47	-45	-42	-50	-40	-36	-36	-34	-16
Interest Expense	74	61	49	42	50	42	39	41	37	17
Interest & Investment Income	25	14	4.00	0.24	0.54	2.80	3.30	4.26	2.81	0.99
Other Income / (Expense), net	0.00	0.00	0.20	-0.10	-0.24	-0.42	0.19	0.00	0.18	0.20
Income Tax Expense	-2.00	4.00	-5.90	1.34	1.42	0.78	1.56	0.78	0.76	-
Net Income / (Loss) Attributable to Noncontrolling Interest	1.00	0.30	0.20	0.00	0.00	-	-	-	-	-
Basic Earnings per Share	$6.54	$7.75	$6.92	-	-	-	-	-	-	$2.40
Weighted Average Basic Shares Outstanding	97.81M	86.23M	82.31M	81.23M	74.86M	0.00	0.00	0.00	-	-
Diluted Earnings per Share	$6.36	$7.48	$6.80	($0.54)	$1.19	$2.24	($0.48)	$0.04	($2.27)	$2.40
Weighted Average Diluted Shares Outstanding	97.81M	86.23M	82.31M	81.23M	74.86M	0.00	0.00	0.00	-	-
Weighted Average Basic & Diluted Shares Outstanding	97.81M	86.23M	82.31M	81.23M	74.86M	0.00	0.00	0.00	-	-

No quarterly income statements for TORM are available.

This table details how cash moves in and out of TORM's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	436	-55	176	55	33	-67	71	59	-94	289
Net Cash From Operating Activities	828	805	502	48	236	171	70	110	171	289
Net Cash From Continuing Operating Activities	828	757	502	48	236	161	70	106	170	289
Net Income / (Loss) Continuing Operations	612	648	563	-42	88	166	-35	2.41	-142	126
Consolidated Net Income / (Loss)	612	648	563	-42	88	166	-35	2.41	-142	126
Depreciation Expense	192	149	139	131	122	110	114	114	122	67
Non-Cash Adjustments To Reconcile Net Income	-22	15	-203	-40	25	-72	3.80	-12	220	144
Changes in Operating Assets and Liabilities, net	46	-55	3.30	-1.14	0.33	-43	-13	1.06	-30	-17
Net Cash From Investing Activities	-1.10	-371	11	-291	-120	-323	0.00	-114	-119	0.00
Net Cash From Continuing Investing Activities	-1.10	-344	-12	-310	-89	-323	0.00	-114	-119	0.00
Acquisitions	0.00	0.00	1.10	0.00	0.00	-	-	-	-	-
Purchase of Investments	-1.10	-	-0.60	0.00	0.00	-0.28	-	0.00	-	-
Net Cash From Financing Activities	-390	-489	-338	298	-83	84	0.80	63	-146	0.00
Net Cash From Continuing Financing Activities	-390	-489	-338	298	-83	97	0.80	62	-122	0.00
Repayment of Debt	-256	-585	-275	-253	-746	-169	-114	-142	-146	-
Payment of Dividends	-553	-586	-167	0.00	-71	0.00	0.00	-1.24	-25	0.00
Issuance of Debt	419	676	96	549	734	262	115	206	49	-
Cash Income Taxes Paid	1.30	-	-	-	-	-	1.61	-	-	0.58

No quarterly cash flow statements for TORM are available.

This table presents TORM's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Total Assets	3,470	2,870	2,614	2,331	1,999	2,004	1,714	1,647	1,571
Total Current Assets	615	691	740	363	244	216	269	261	147
Accounts Receivable	244	272	334	124	83	96	93	83	71
Inventories, net	68	109	72	62	266	9.13	6.20	6.55	-
Prepaid Expenses	12	15	10	5.62	2.18	3.47	2.86	4.42	-
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	1,748	1,782	1,445	1,385	1,346
Total Noncurrent Assets	19	13	14	12	12	41	39	34	79
Long-Term Investments	0.20	0.00	0.20	0.00	0.00	0.00	0.01	0.01	0.33
Goodwill	5.40	5.40	5.50	0.00	0.00	-	-	-	-
Intangible Assets	2.00	1.80	1.90	0.00	0.00	-	-	-	-
Noncurrent Deferred & Refundable Income Taxes	3.10	0.40	0.60	0.65	0.34	0.00	-	-	-0.20
Other Noncurrent Operating Assets	7.90	5.00	5.50	6.74	6.55	41	39	34	79
Total Liabilities & Shareholders' Equity	3,470	2,870	2,614	2,331	1,999	2,004	1,714	1,647	1,571
Total Liabilities	1,395	1,204	1,111	1,279	981	996	867	856	791
Total Current Liabilities	285	265	206	307	197	195	167	156	29
Short-Term Debt	165	173	117	209	103	99	94	92	-
Accounts Payable	51	44	55	54	14	47	35	26	28
Current Deferred Revenue	7.50	3.30	0.90	0.00	0.00	0.00	0.06	0.14	-
Current Deferred & Payable Income Tax Liabilities	0.70	0.60	2.00	0.93	1.42	1.48	1.01	1.39	0.77
Other Current Liabilities	61	45	31	44	78	47	37	37	-
Total Noncurrent Liabilities	1,109	939	904	972	784	801	700	699	1,544
Long-Term Debt	1,061	887	850	926	740	756	655	629	670
Noncurrent Deferred & Payable Income Tax Liabilities	0.30	3.60	6.10	0.00	0.00	45	45	45	45
Other Noncurrent Operating Liabilities	2.90	3.00	3.00	0.00	0.00	-	-	-	816
Total Equity & Noncontrolling Interests	2,075	1,666	1,504	1,052	1,017	1,008	847	791	-2.34
Total Preferred & Common Equity	2,074	1,664	1,501	1,052	1,017	1,008	847	791	-2.34
Preferred Stock	271	260	168	160	102	101	97	0.00	-
Total Common Equity	1,803	1,404	1,334	893	915	906	750	791	-2.34
Common Stock	1.00	0.90	0.80	0.81	0.75	0.75	0.74	0.62	0.62
Retained Earnings	1,472	1,382	1,298	899	939	920	752	786	-
Treasury Stock	-4.20	-4.20	-4.20	-4.24	-4.24	-2.89	-2.89	-2.89	-2.89
Other Equity Adjustments	335	25	39	-3.42	-20	-12	0.25	7.31	-0.08
Noncontrolling Interest	0.80	1.90	2.30	0.00	0.00	-	-	-	-

No quarterly balance sheets for TORM are available.

This table displays calculated financial ratios and metrics derived from TORM's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.53%	8.06%	134.63%	-17.22%	7.87%	9.50%	-2.71%	-1.12%	24.90%	0.00%
EBITDA Growth	0.34%	14.50%	459.94%	-49.30%	-17.46%	169.40%	-23.82%	926.33%	-92.83%	0.00%
EBIT Growth	-5.70%	16.14%	42,987.39%	-99.00%	-32.53%	7,195.92%	-92.86%	136.87%	-175.55%	0.00%
NOPAT Growth	-4.80%	14.26%	57,773.59%	-99.23%	-33.31%	11,041.19%	-93.83%	139.75%	-153.04%	0.00%
Net Income Growth	-5.63%	15.18%	1,436.69%	-147.77%	-46.93%	577.36%	-1,544.91%	101.69%	-213.10%	0.00%
EPS Growth	-14.97%	10.00%	1,359.26%	-145.38%	-46.88%	566.67%	-1,300.00%	101.76%	-194.58%	0.00%
Operating Cash Flow Growth	2.80%	60.36%	946.97%	-79.67%	37.82%	143.10%	-35.93%	-35.82%	-40.86%	0.00%
Free Cash Flow Firm Growth	4.78%	87.53%	-80.04%	2,218.67%	22.01%	-79.43%	91.60%	-13.08%	0.00%	0.00%
Invested Capital Growth	-29.04%	-6.68%	214.18%	-94.78%	12.69%	21.86%	4.73%	132.08%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.80%	58.86%	54.49%	30.37%	45.71%	36.48%	26.85%	31.17%	36.67%	76.70%
EBITDA Margin	52.83%	53.98%	50.94%	21.35%	34.85%	45.55%	18.51%	23.64%	2.28%	39.68%
Operating Margin	40.91%	44.47%	41.37%	0.24%	18.59%	29.74%	0.42%	6.07%	-16.30%	26.87%
EBIT Margin	40.91%	44.47%	41.38%	0.23%	18.56%	29.68%	0.45%	6.07%	-16.28%	26.91%
Profit (Net Income) Margin	37.97%	41.25%	38.70%	-6.79%	11.77%	23.93%	-5.49%	0.37%	-21.63%	23.89%
Tax Burden Percent	100.33%	99.39%	101.06%	103.30%	98.42%	99.53%	104.69%	75.60%	100.54%	100.00%
Interest Burden Percent	92.52%	93.33%	92.55%	-2,918.70%	64.45%	81.02%	-1,177.21%	8.05%	132.20%	88.77%
Effective Tax Rate	-0.33%	0.61%	-1.06%	0.00%	1.58%	0.47%	0.00%	24.40%	0.00%	0.00%
Return on Invested Capital (ROIC)	250.32%	217.01%	278.52%	0.10%	7.19%	12.60%	0.13%	2.98%	-24.87%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	253.40%	220.67%	282.78%	-161.01%	1.71%	7.00%	-5.81%	-1.53%	-47.05%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-217.62%	-176.12%	-234.50%	-4.17%	1.51%	5.30%	-4.37%	-2.37%	12,182.80%	0.00%
Return on Equity (ROE)	32.69%	40.89%	44.02%	-4.07%	8.70%	17.90%	-4.25%	0.61%	12,157.94%	0.00%
Cash Return on Invested Capital (CROIC)	284.29%	223.91%	175.10%	180.25%	-4.74%	-7.10%	-4.49%	-76.57%	-224.87%	0.00%
Operating Return on Assets (OROA)	20.78%	25.48%	24.33%	0.06%	6.94%	11.07%	0.17%	2.46%	-6.82%	0.00%
Return on Assets (ROA)	19.29%	23.63%	22.75%	-1.94%	4.40%	8.93%	-2.07%	0.15%	-9.07%	0.00%
Return on Common Equity (ROCE)	28.03%	35.32%	38.35%	-3.55%	7.83%	15.98%	-3.99%	0.61%	12,157.94%	0.00%
Return on Equity Simple (ROE_SIMPLE)	29.48%	38.94%	37.47%	-4.00%	8.66%	16.48%	-4.11%	0.30%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	661	694	608	1.05	137	205	1.84	30	-75	142
NOPAT Margin	41.04%	44.20%	41.80%	0.17%	18.30%	29.60%	0.29%	4.59%	-11.41%	26.87%
Net Nonoperating Expense Percent (NNEP)	-3.08%	-3.66%	-4.25%	161.10%	5.48%	5.60%	5.93%	4.51%	22.19%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	20.02%	25.47%	24.60%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	41.20%	41.14%	45.51%	69.63%	54.29%	63.52%	73.15%	68.83%	63.33%	23.30%
SG&A Expenses to Revenue	5.94%	5.28%	3.78%	8.32%	6.78%	6.88%	7.55%	6.91%	6.29%	35.87%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.89%	14.38%	13.12%	30.12%	27.12%	6.74%	26.44%	25.10%	52.98%	49.83%
Earnings before Interest and Taxes (EBIT)	659	699	602	1.40	139	206	2.82	40	-107	142
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	851	848	741	132	261	316	117	154	15	209
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.93	1.49	1.17	0.49	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.93	1.50	1.18	0.49	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.04	1.33	1.08	0.70	0.00	0.00	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	2.75	3.23	2.79	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	30.13%	27.62%	10.58%	0.00%	20.41%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	36.40%	31.00%	35.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	14.48	11.04	8.17	16.42	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.97	2.17	1.86	2.79	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	3.73	4.02	3.65	13.08	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	4.82	4.88	4.49	1,239.12	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	4.80	4.91	4.45	1,647.44	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	3.84	4.24	5.38	36.08	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	4.23	4.76	7.08	0.90	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.59	0.64	0.64	1.08	0.83	0.85	0.88	0.94	-291.46	0.00
Long-Term Debt to Equity	0.51	0.53	0.57	0.88	0.73	0.75	0.77	0.83	-291.46	0.00
Financial Leverage	-0.86	-0.80	-0.83	0.03	0.88	0.76	0.75	1.55	-258.91	0.00
Leverage Ratio	1.69	1.73	1.93	2.09	1.98	2.00	2.05	4.08	-670.33	0.00
Compound Leverage Factor	1.57	1.61	1.79	-61.06	1.27	1.62	-24.15	0.33	-886.16	0.00
Debt to Total Capital	37.15%	38.88%	39.14%	51.90%	45.29%	45.91%	46.94%	48.54%	100.34%	0.00%
Short-Term Debt to Total Capital	5.01%	6.34%	4.74%	9.55%	5.53%	5.32%	5.91%	5.97%	0.00%	0.00%
Long-Term Debt to Total Capital	32.14%	32.54%	34.40%	42.35%	39.76%	40.60%	41.03%	42.58%	100.34%	0.00%
Preferred Equity to Total Capital	8.21%	9.54%	6.78%	7.29%	5.49%	5.44%	6.08%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.02%	0.07%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	54.62%	51.52%	53.99%	40.80%	49.22%	48.63%	46.98%	51.44%	-0.34%	0.00%
Debt to EBITDA	1.44	1.25	1.31	8.59	3.23	2.71	6.39	4.85	45.54	0.00
Net Debt to EBITDA	1.44	1.25	1.31	8.59	3.23	2.71	6.39	4.85	40.45	0.00
Long-Term Debt to EBITDA	1.25	1.05	1.15	7.01	2.84	2.39	5.59	4.25	45.54	0.00
Debt to NOPAT	1.86	1.53	1.59	1,081.33	6.15	4.17	406.70	24.97	-9.09	0.00
Net Debt to NOPAT	1.86	1.53	1.59	1,081.33	6.15	4.17	406.70	24.97	-8.07	0.00
Long-Term Debt to NOPAT	1.61	1.28	1.40	882.33	5.40	3.68	355.47	21.90	-9.09	0.00
Altman Z-Score	2.52	3.24	3.10	1.04	0.00	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	14.27%	13.62%	12.89%	12.64%	10.06%	10.71%	5.94%	0.04%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.16	2.60	3.58	1.18	1.24	1.11	1.61	1.67	5.01	0.00
Quick Ratio	0.85	1.02	1.62	0.40	0.42	0.49	0.56	0.53	5.01	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	751	716	382	1,914	-90	-116	-65	-769	-680	0.00
Operating Cash Flow to CapEx	0.00%	234.08%	3,952.76%	15.48%	263.79%	53.04%	0.00%	96.58%	143.33%	0.00%
Free Cash Flow to Firm to Interest Expense	10.13	11.76	7.83	45.15	-1.81	-2.77	-1.64	-18.93	-18.21	0.00
Operating Cash Flow to Interest Expense	11.17	13.22	10.29	1.13	4.72	4.09	1.79	2.71	4.58	17.10
Operating Cash Flow Less CapEx to Interest Expense	11.17	7.57	10.03	-6.18	2.93	-3.62	1.79	-0.10	1.39	17.10
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.57	0.59	0.29	0.37	0.37	0.38	0.40	0.42	0.00
Accounts Receivable Turnover	6.25	5.19	6.36	5.97	8.34	7.32	7.18	8.47	9.32	0.00
Inventory Turnover	7.49	7.15	9.87	2.63	2.95	57.52	72.72	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.42	0.43	0.45	0.48	0.49	0.00
Accounts Payable Turnover	14.09	13.07	12.15	12.69	13.22	10.72	15.13	16.41	14.64	0.00
Days Sales Outstanding (DSO)	58.36	70.29	57.43	61.09	43.76	49.84	50.85	43.08	39.16	0.00
Days Inventory Outstanding (DIO)	48.76	51.08	36.97	138.82	123.63	6.35	5.02	0.00	0.00	0.00
Days Payable Outstanding (DPO)	25.91	27.93	30.05	28.76	27.61	34.06	24.13	22.25	24.94	0.00
Cash Conversion Cycle (CCC)	81.21	93.45	64.35	171.15	139.78	22.13	31.74	20.83	14.22	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	219	309	331	105	2,018	1,791	1,469	1,403	605	0.00
Invested Capital Turnover	6.10	4.91	6.66	0.58	0.39	0.43	0.44	0.65	2.18	0.00
Increase / (Decrease) in Invested Capital	-90	-22	226	-1,912	227	321	66	799	605	0.00
Enterprise Value (EV)	3,175	3,411	2,703	1,730	0.00	0.00	0.00	0.00	0.00	0.00
Market Capitalization	1,677	2,089	1,566	435	0.00	0.00	0.00	0.00	0.00	0.00
Book Value per Share	$20.91	$17.06	$16.42	$11.92	$12.23	$0.00	$0.00	$0.00	$0.00	$0.00
Tangible Book Value per Share	$20.82	$16.97	$16.33	$11.92	$12.23	$0.00	$0.00	$0.00	$0.00	$0.00
Total Capital	3,301	2,726	2,471	2,188	1,860	1,863	1,597	1,537	681	0.00
Total Debt	1,226	1,060	967	1,135	842	855	750	746	683	0.00
Total Long-Term Debt	1,061	887	850	926	740	756	655	654	683	0.00
Net Debt	1,226	1,060	967	1,135	842	855	750	746	607	0.00
Capital Expenditures (CapEx)	0.00	344	13	310	89	323	0.00	114	119	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	495	599	650	265	150	120	197	197	41	0.00
Debt-free Net Working Capital (DFNWC)	495	599	650	265	150	120	197	197	117	0.00
Net Working Capital (NWC)	330	426	533	56	47	21	102	105	117	0.00
Net Nonoperating Expense (NNE)	49	46	45	43	49	39	37	27	67	16
Net Nonoperating Obligations (NNO)	-1,856	-1,357	-1,173	-947	1,000	783	622	612	607	0.00
Total Depreciation and Amortization (D&A)	192	149	139	131	122	110	114	114	122	67
Debt-free, Cash-free Net Working Capital to Revenue	30.75%	38.10%	44.74%	42.79%	20.02%	17.30%	31.03%	30.26%	6.29%	0.00%
Debt-free Net Working Capital to Revenue	30.75%	38.10%	44.74%	42.79%	20.02%	17.30%	31.03%	30.26%	17.82%	0.00%
Net Working Capital to Revenue	20.48%	27.11%	36.69%	9.06%	6.27%	3.02%	16.13%	16.17%	17.82%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.54	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.04	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	97.81M	86.23M	82.31M	81.23M	74.86M	0.00	0.00	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$6.36	$7.48	$6.80	($0.54)	$1.19	$2.24	($0.48)	$0.04	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	97.81M	86.23M	82.31M	81.23M	74.86M	0.00	0.00	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	97.81M	86.23M	82.31M	81.23M	74.86M	0.00	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	461	694	423	4.30	148	92	4.12	33	54	99
Normalized NOPAT Margin	28.63%	44.20%	29.08%	0.69%	19.76%	13.24%	0.65%	5.00%	8.25%	18.81%
Pre Tax Income Margin	37.85%	41.51%	38.30%	-6.58%	11.96%	24.04%	-5.24%	0.49%	-21.52%	23.89%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.89	11.47	12.33	0.03	2.78	4.92	0.07	0.97	-2.87	8.38
NOPAT to Interest Expense	8.92	11.40	12.45	0.02	2.74	4.90	0.05	0.74	-2.01	8.37
EBIT Less CapEx to Interest Expense	8.89	5.82	12.07	-7.28	0.99	-2.79	0.07	-1.83	-6.07	8.38
NOPAT Less CapEx to Interest Expense	8.92	5.75	12.19	-7.28	0.95	-2.80	0.05	-2.07	-5.21	8.37
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	90.48%	90.49%	29.63%	0.00%	80.14%	0.00%	0.00%	51.52%	-17.55%	0.00%
Augmented Payout Ratio	90.48%	90.52%	29.63%	-0.68%	81.70%	0.00%	0.00%	51.52%	-17.55%	0.00%

No quarterly metrics and ratios for TORM are available.

Frequently Asked Questions About TORM's Financials

When does TORM's fiscal year end?

According to the most recent income statement we have on file, TORM's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has TORM's net income changed over the last 9 years?

TORM's net income appears to be on an upward trend, with a most recent value of $611.50 million in 2024, rising from $125.98 million in 2015. The previous period was $648 million in 2023. See TORM's forecast for analyst expectations on what’s next for the company.

What is TORM's operating income?

TORM's total operating income in 2024 was $658.80 million, based on the following breakdown:

Total Gross Profit: $946.90 million
Total Operating Expenses: $288.10 million

How has TORM revenue changed over the last 9 years?

Over the last 9 years, TORM's total revenue changed from $527.34 million in 2015 to $1.61 billion in 2024, a change of 205.4%.

How much debt does TORM have?

TORM's total liabilities were at $1.39 billion at the end of 2024, a 15.8% increase from 2023, and a 76.4% increase since 2016.

How has TORM's book value per share changed over the last 9 years?

Over the last 9 years, TORM's book value per share changed from 0.00 in 2015 to 20.91 in 2024, a change of 2,091.0%.

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This page (NASDAQ:TRMD) was last updated on 6/1/2025 by MarketBeat.com Staff

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TORM (TRMD) Financials

Frequently Asked Questions About TORM's Financials

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TORM (TRMD) Financials

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