TRMD (TORM plc) Stock Financials & Earnings | Market Cap Arena

TRMD (TORM plc) Stock Financials & Earnings | Market Cap Arena

TRMDTORM plc

Mkt Cap$3B

Energy·Oil & Gas Midstream·🇬🇧 United Kingdom·NASDAQ

Revenue (TTM)$1.3B

Net Income (TTM)$287M

EPS (TTM)$2.85

Free Cash Flow (TTM)$181M

Gross Margin43.4%

Op. Margin26.3%

Net Margin21.4%

FCF Margin13.5%

P/S Ratio (TTM)2.2x

P/E Ratio (TTM)10.2x

YoY Rev Growth-13.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$390M	$233M	$164M
Q2 23	$384M	$273M	$200M
Q3 23	$358M	$207M	$140M
Q4 23	$388M	$228M	$195M
Q1 24	$444M	$289M	$223M
Q2 24	$438M	$281M	$204M
Q3 24	$372M	$217M	$142M
Q4 24	$305M	$163M	$90M
Q1 25	$329M	$165M	$82M
Q2 25	$315M	$158M	$75M
Q3 25	$343M	$124M	$97M
Q4 25	$355M	$135M	$98M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	1.8x	4.1x
Q2 23	1.8x	3.7x
Q3 23	1.9x	4.2x
Q4 23	1.9x	4.5x
Q1 24	1.9x	4.2x
Q2 24	1.8x	4.1x
Q3 24	1.8x	4.1x
Q4 24	1.9x	4.8x
Q1 25	2.0x	6.3x
Q2 25	2.2x	8.9x
Q3 25	2.3x	10.6x
Q4 25	2.2x	10.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$215M	-$400K
Q2 23	$196M	$75M
Q3 23	$202M	$177M
Q4 23	$195M	$43M
Q1 24	$187M	-$55M
Q2 24	$282M	$261M
Q3 24	$246M	$66M
Q4 24	$121M	-$26M
Q1 25	$83M	$55M
Q2 25	$161M	$133M
Q3 25	$114M	$79M
Q4 25	$133M	-$86M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$215M
Q2 23	$121M
Q3 23	$25M
Q4 23	$152M
Q1 24	$242M
Q2 24	$21M
Q3 24	$180M
Q4 24	$146M
Q1 25	$28M
Q2 25	$28M
Q3 25	$35M
Q4 25	$219M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+86.3%	+21.4%
Q2 23	+13.5%	-16.1%
Q3 23	-20.1%	-0.6%
Q4 23	-13.3%	-10.8%
Q1 24	+13.8%	-2.3%
Q2 24	+13.9%	+26.5%
Q3 24	+3.9%	+5.4%
Q4 24	-21.2%	+12.2%
Q1 25	-25.9%	+11.5%
Q2 25	-28.0%	+3.1%
Q3 25	-7.8%	+6.9%
Q4 25	+16.2%	+19.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$23M	5.9%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 23	$18M	—
Q2 23	$22M	—
Q3 23	$19M	—
Q4 23	$24M	—
Q1 24	$26M	—
Q2 24	$24M	—
Q3 24	$23M	—
Q4 24	$23M	—
Q1 25	$26M	—
Q2 25	$25M	—
Q3 25	—	$27M
Q4 25	—	$37M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$411M	$0	$411M
Q2 23	$269M	$0	$269M
Q3 23	$271M	$0	$271M
Q4 23	$266M	$0	$266M
Q1 24	$560M	$0	$560M
Q2 24	$532M	$0	$532M
Q3 24	$398M	$0	$398M
Q4 24	$272M	$0	$272M
Q1 25	$362M	$0	$362M
Q2 25	$370M	$0	$370M
Q3 25	$219M	$0	$219M
Q4 25	$163M	$0	$163M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	85M	+1.8%
Q2 23	87M	+1.6%
Q3 23	88M	+0.9%
Q4 23	87M	-0.0%
Q1 24	93M	+5.9%
Q2 24	96M	+4.1%
Q3 24	97M	+0.6%
Q4 24	98M	+0.8%
Q1 25	101M	+3.0%
Q2 25	101M	+0.1%
Q3 25	101M	+0.0%
Q4 25	100M	-1.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	—	—
FY 17	$2M	296
FY 18	$2M	307
FY 19	$2M	341
FY 20	$2M	332
FY 21	$2M	340
FY 22	$4M	355
FY 23	$4M	370
FY 24	$3M	479
FY 25	$3M	479