Torm (TRMD) Tax Rate (2016 - 2025)
Torm's (TRMD) quarterly Tax Rate came in at 2.81% in Q2 2025, down 338.0% year-on-year from 1.18% in Q2 2024, and up 64.4% quarter-over-quarter from 7.91% in Q1 2025.
Torm (TRMD) Tax Rate (2016 - 2025) Analysis & Trends
Torm's Tax Rate history runs 10 years deep, the most recent figure standing at 2.81% for Q2 2025.
- On a quarterly basis, Tax Rate fell 338.0% year-over-year to 2.81% in Q2 2025; TTM through Jun 2025 was 0.24%, a 81.0% decrease from a year earlier, with the FY2025 full-year figure at 3.12%, up 344.0% from the prior year.
- Tax Rate climbed to 2.81% in Q2 2025 per TRMD's latest filing, from 7.91% in the prior quarter.
- Across five years, Tax Rate topped out at 967117.99% in Q1 2023 and bottomed at 12.5% in Q2 2021.
- The 5-year median for Tax Rate is 0.54% (2023), against an average of 56888.1%.
- Across the five-year window, Tax Rate soared 96712079 bps in 2023 and tumbled 96711875 bps in 2024, its largest moves.
- Year by year, Tax Rate stood at 3.19% in 2021, then slumped by 196 bps to 3.07% in 2022, then surged by 80 bps to 0.61% in 2023, then soared by 153 bps to 0.33% in 2024, then plunged by 958 bps to 2.81% in 2025.
- Per Business Quant, the three latest TRMD Tax Rate figures stand at 2.81% (Q2 2025), 7.91% (Q1 2025), and 0.33% (Q4 2024).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | -0.08% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -0.12% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 23.33% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 24.82% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 1.45% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 10.04% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 6.40% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 20.27% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 24.00% |
| 10 | Torm | 2.96 Bn | 2.80 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2025 | -2.81% |
| Jun 30, 2025 | -2.81% |
| Jun 30, 2025 | -2.81% |
| Mar 31, 2025 | -7.91% |
| Mar 31, 2025 | -7.91% |
| Mar 31, 2025 | -7.91% |
| Dec 31, 2024 | 0.33% |
| Dec 31, 2024 | 0.33% |
| Dec 31, 2024 | 0.33% |
| Jun 30, 2024 | 0.57% |
| Jun 30, 2024 | 0.57% |
| Jun 30, 2024 | 0.57% |
| Mar 31, 2024 | -0.76% |
| Mar 31, 2024 | -0.76% |
| Mar 31, 2024 | -0.76% |
| Dec 31, 2023 | -0.61% |
| Dec 31, 2023 | -0.61% |
| Dec 31, 2023 | -0.61% |
| Sep 30, 2023 | 2.98% |
| Sep 30, 2023 | 2.98% |