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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |