Torm (TRMD) Gross Margin (2022 - 2026)
Torm (TRMD) posted Gross Margin of 98.37% for Q2 2026, little changed on a QoQ basis from 98.53% in Q1 2026, and up 430.0% year-over-year from 18.56% in Q2 2025.
Analysis
Torm (TRMD) Gross Margin (2022 - 2026) Analysis & Trends
Torm has reported Gross Margin for 5 years, with the latest figure at 98.37% in Q2 2026.
- On a quarterly basis, Gross Margin rose 430.0% year-over-year to 98.37% in Q2 2026; TTM through Jun 2026 was 97.14%, a 13.0% increase from a year earlier, with the FY2025 full-year figure at 98.16%, down 65.0% from the prior year.
- Gross Margin was 98.37% for Q2 2026 at Torm, roughly flat from 98.53% in the prior quarter.
- The five-year high for Gross Margin was 99.33% in Q4 2022, with the low at 90.56% in Q4 2023.
- Average Gross Margin over 5 years is 96.83%, with a median of 97.78% recorded in 2024.
- The sharpest annual moves came in 2023 and 2026: Gross Margin sank 877 bps in 2023, then soared 430 bps in 2026.
- Over 5 years, Gross Margin stood at 99.33% in 2022, then declined by 9 bps to 90.56% in 2023, then gained by 8 bps to 97.78% in 2024, then retreated by 4 bps to 94.07% in 2025, then advanced by 5 bps to 98.37% in 2026.
- The last three Gross Margin figures came in at 98.37% (Q2 2026), 98.53% (Q1 2026), and 94.07% (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | - |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 31.53% |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | - |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 99.97% |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | 45.71% |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | 79.33% |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | 84.14% |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | 83.88% |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | 98.37% |
| 10 | ZIM Integrated Shipping Services | 3.44 Bn | 2.41 Bn | 255.00 Mn | 14.32% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 98.37% |
| Mar 31, 2026 | 98.53% |
| Jun 30, 2025 | 94.07% |
| Mar 31, 2025 | 95.90% |
| Jun 30, 2024 | 97.78% |
| Mar 31, 2024 | 99.14% |
| Dec 31, 2023 | 90.56% |
| Jun 30, 2023 | 97.76% |
| Dec 31, 2022 | 99.33% |