Torm TRMD
NASDAQ TRMD
$35.18 +1.00 (+2.93%)
At close: Sep 4, 2026 · 4:00 PM EDT

Torm (TRMD) Cost of Revenue (2022 - 2026)

Torm (TRMD) posted Cost of Revenue of $10.8 million for Q2 2026, up 83.05% on a QoQ basis from $5.9 million in Q1 2026, and down 42.25% year-over-year from $18.7 million in Q2 2025.

Analysis

Torm (TRMD) Cost of Revenue (2022 - 2026) Analysis & Trends

Torm has reported Cost of Revenue for 5 years, with the latest figure at $10.8 million in Q2 2026.

  • On a quarterly basis, Cost of Revenue fell 42.25% year-over-year to $10.8 million in Q2 2026; TTM through Jun 2026 was $60.0 million, a 0.66% decrease from a year earlier, with the FY2025 full-year figure at $24.6 million, up 32.97% from the prior year.
  • Cost of Revenue was $10.8 million for Q2 2026 at Torm, up from $5.9 million in the prior quarter.
  • The five-year high for Cost of Revenue was $36.6 million in Q4 2023, with the low at $3.0 million in Q4 2022.
  • Average Cost of Revenue over 5 years is $14.0 million, with a median of $10.8 million recorded in 2026.
  • The sharpest annual moves came in 2023 and 2026: Cost of Revenue jumped 1120.0% in 2023, then plunged 56.3% in 2026.
  • Over 5 years, Cost of Revenue stood at $3.0 million in 2022, then surged by 1120.0% to $36.6 million in 2023, then plunged by 49.45% to $18.5 million in 2024, then soared by 32.97% to $24.6 million in 2025, then sank by 56.1% to $10.8 million in 2026.
  • The last three Cost of Revenue figures came in at $10.8 million (Q2 2026), $5.9 million (Q1 2026), and $24.6 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Frontline 10.27 Bn 9.94 Bn - -
2 Kirby 7.43 Bn 7.39 Bn 290.80 Mn 631.60 Mn
3 Matson 6.74 Bn 6.62 Bn - -
4 International Seaways 5.17 Bn 5.17 Bn 467.16 Mn 129,000.00
5 Hafnia 4.59 Bn 4.31 Bn 372.91 Mn 132.75 Mn
6 Cmb.Tech 4.47 Bn 4.31 Bn 970.62 Mn 252.96 Mn
7 Scorpio Tankers 4.26 Bn 2.42 Bn 343.91 Mn 64.83 Mn
8 Star Bulk Carriers 3.68 Bn 3.11 Bn 299.80 Mn 57.61 Mn
9 Torm 3.56 Bn -626.52 Mn 652.00 Mn 10.80 Mn
10 ZIM Integrated Shipping Services 3.44 Bn 2.41 Bn 255.00 Mn 1.21 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 10.80 Mn
Mar 31, 2026 5.90 Mn
Dec 31, 2025 24.60 Mn
Jun 30, 2025 18.70 Mn
Mar 31, 2025 13.50 Mn
Dec 31, 2024 18.50 Mn
Jun 30, 2024 9.70 Mn
Mar 31, 2024 3.80 Mn
Dec 31, 2023 36.60 Mn
Jun 30, 2023 8.60 Mn
Dec 31, 2022 3.00 Mn