Torm (TRMD) Operating Expenses (2015 - 2026)
Torm (TRMD) posted Operating Expenses of -$72.6 million for Q2 2026, down 7.4% on a QoQ basis from -$67.6 million in Q1 2026, and down 12.91% year-over-year from -$83.4 million in Q2 2025.
Analysis
Torm (TRMD) Operating Expenses (2015 - 2026) Analysis & Trends
Torm has reported Operating Expenses for 12 years, with the latest figure at -$72.6 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 12.91% year-over-year to -$72.6 million in Q2 2026; TTM through Jun 2026 was -$456.9 million, a 4.2% decrease from a year earlier, with the FY2025 full-year figure at -$252.4 million, down 2.98% from the prior year.
- Operating Expenses was -$72.6 million for Q2 2026 at Torm, down from -$67.6 million in the prior quarter.
- The five-year high for Operating Expenses was -$49.3 million in Q1 2022, with the low at -$252.4 million in Q4 2025.
- Average Operating Expenses over 5 years is -$101.1 million, with a median of -$63.5 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses tumbled 212.56% in 2022, then declined 1.81% in 2026.
- Over 5 years, Operating Expenses stood at -$202.1 million in 2022, then slipped by 6.88% to -$216.0 million in 2023, then retreated by 13.47% to -$245.1 million in 2024, then slipped by 2.98% to -$252.4 million in 2025, then soared by 71.24% to -$72.6 million in 2026.
- The last three Operating Expenses figures came in at -$72.6 million (Q2 2026), -$67.6 million (Q1 2026), and -$252.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | 347.18 Mn |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 800.04 Mn |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | 810.50 Mn |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 168.38 Mn |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | -47.20 Mn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | -783.93 Mn |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | -10.41 Mn |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | 202.38 Mn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | -72.60 Mn |
| 10 | ZIM Integrated Shipping Services | 3.44 Bn | 2.41 Bn | 255.00 Mn | -419.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -72.60 Mn |
| Mar 31, 2026 | -67.60 Mn |
| Dec 31, 2025 | -252.40 Mn |
| Jun 30, 2025 | -64.30 Mn |
| Mar 31, 2025 | -66.40 Mn |
| Dec 31, 2024 | -245.10 Mn |
| Jun 30, 2024 | -62.70 Mn |
| Mar 31, 2024 | -56.60 Mn |
| Dec 31, 2023 | -216.00 Mn |
| Sep 30, 2023 | -54.20 Mn |
| Jun 30, 2023 | -54.80 Mn |
| Mar 31, 2023 | -51.90 Mn |
| Dec 31, 2022 | -202.10 Mn |
| Sep 30, 2022 | -51.30 Mn |
| Jun 30, 2022 | -51.10 Mn |
| Mar 31, 2022 | -49.30 Mn |
| Dec 31, 2021 | -190.50 Mn |
| Sep 30, 2021 | -48.90 Mn |
| Jun 30, 2021 | 45.40 Mn |
| Mar 31, 2021 | -44.30 Mn |