TORM plc (TRMD) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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TRMD Revenue Growth
Revenue Breakdown (FY 2024)
TRMD's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
TRMD Revenue Analysis (2013–2024)
As of May 8, 2026, TORM plc (TRMD) generated trailing twelve-month (TTM) revenue of $1.29 billion, reflecting moderate decline in growth of -7.8% year-over-year. The most recent quarter (Q3 2025) recorded $343.1 million in revenue, up 8.9% sequentially.
Looking at the longer-term picture, TRMD's 5-year compound annual growth rate (CAGR) stands at +17.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.56 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows TRMD's business is primarily driven by Others (100%). With over half of revenue concentrated in Others, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including STNG (-2.8% YoY), INSW (-21.5% YoY), and TNK (-26.3% YoY), TRMD has underperformed the peer group in terms of revenue growth. Compare TRMD vs STNG →
TRMD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TRMDCurrent | $1.3B | -7.8% | +17.6% | 42.3% | |
 STNG | $938M | -2.8% | +0.5% | 33.0% | |
 INSW | $843M | -21.5% | +14.9% | 36.3% | |
 TNK | $952M | -26.3% | +1.4% | 22.6% | |
 HAFN | $2.3B | -20.4% | +21.9% | 14.3% | |
 TEN | $804M | -5.3% | +6.1% | 34.6% |
TRMD Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $1.56B | +2.6% | $948.7M | 60.8% | $658.8M | 42.3% |
| 2023 | $1.52B | +5.3% | $940.8M | 61.9% | $698.6M | 45.9% |
| 2022 | $1.44B | +133.0% | $844.9M | 58.5% | $601.5M | 41.7% |
| 2021 | $619.5M | -17.1% | $247.7M | 40.0% | $1.4M | 0.2% |
| 2020 | $747.4M | +7.9% | $397.5M | 53.2% | $138.9M | 18.6% |
| 2019 | $692.6M | +9.0% | $314.7M | 45.4% | $205.9M | 29.7% |
| 2018 | $635.4M | -3.3% | $235.4M | 37.0% | $2.8M | 0.4% |
| 2017 | $657.0M | -3.4% | $274.1M | 41.7% | $39.5M | 6.0% |
| 2016 | $680.1M | +25.9% | $314.6M | 46.3% | $-107,212,000 | -15.8% |
| 2015 | $540.4M | -13.4% | $291.4M | 53.9% | $143.0M | 26.5% |
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Start ComparisonTRMD — Frequently Asked Questions
Quick answers to the most common questions about buying TRMD stock.
Is TRMD's revenue growth accelerating or slowing?
TRMD revenue declined -7.8% year-over-year, contrasting with the 5-year CAGR of +17.6%. TTM revenue fell to $1.3B. This reverses the prior growth trend.
What is TRMD's long-term revenue growth rate?
TORM plc's 5-year revenue CAGR of +17.6% reflects the variable expansion pattern. Current YoY growth of -7.8% is below this long-term average.
How is TRMD's revenue distributed by segment?
TRMD reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.