Torm (TRMD) Tax Rate (2021 - 2024)
Torm's Tax Rate came in at -0.24% for Q2 2026, up 2.58 percentage points from -2.81% a year earlier and up 1.05 percentage points from the prior quarter.
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Analysis
Torm (TRMD) Tax Rate (2021 - 2024) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Torm reported Tax Rate of -0.61%, down 0.27 percentage points year-over-year; for FY2025, it came in at -3.12%, down 3.44 percentage points from FY2024.
- Tax Rate carries a five-year change of -1.54 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 0.33% in FY2024 (+0.94 pp), -0.61% in FY2023 (-1.67 pp), 1.06% in FY2022 (-2.23 pp) and 3.29% in FY2021 (+4.87 pp).
- The Q2 2026 figure represents the highest quarterly Tax Rate since Q2 2024.
- Year-over-year, Tax Rate increased in two of the last four quarters, with an average year-over-year change of -0.33 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q3 2021 (a gain of 44.26 percentage points), and the weakest in Q2 2022 (a drop of 12.87 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 22.00% |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 24.09% |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 24.65% |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 20.63% |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 23.46% |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 24.21% |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 20.16% |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 25.00% |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | - |
| 10 | Torm | 3.59 Bn | 2.41 Bn | 657.90 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 0.57% |
| Jun 30, 2023 | 0.54% |
| Jun 30, 2021 | 12.50% |
API Access
Torm Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=TRMD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "TRMD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=TRMD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();