Torm (TRMD) Tax Rate (2016 - 2025)
Torm (TRMD) posted quarterly Tax Rate of 2.81% for Q2 2025, down 338.0% year-over-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.
- In Q2 2025, Tax Rate fell 338.0% year-over-year to 2.81%; the TTM figure through Jun 2025 stood at 0.24% (down 81.0% YoY), while the FY2025 annual figure was 3.12%, up 344.0% from the prior year.
- Tax Rate for Q2 2025 stood at 2.81%, up from 7.91% in the prior quarter.
- The five-year high for Tax Rate was 967117.99% in Q1 2023, with the low at 12.5% in Q2 2021.
- The 5-year median for Tax Rate is 0.33% (2024), against an average of 56888.52%.
- The sharpest annual moves came in 2023 and 2024: Tax Rate soared 96712079 bps in 2023, then slumped 96711875 bps in 2024.
- Torm's Tax Rate stood at 3.19% in 2021, then decreased by 4 bps to 3.07% in 2022, then plunged by 120 bps to 0.61% in 2023, then surged by 153 bps to 0.33% in 2024, then sank by 958 bps to 2.81% in 2025.
- Business Quant data shows TRMD's Tax Rate at 2.81% in Q2 2025, 7.91% in Q1 2025, and 0.33% in Q4 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 23.33% |
| 2 | Enbridge | 110.89 Bn | 109.40 Bn | 5.23 Bn | 21.97% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 0.64% |
| 4 | Energy Transfer | 72.67 Bn | 71.64 Bn | 7.40 Bn | 7.12% |
| 5 | Tc Energy | 65.89 Bn | 58.33 Bn | 1.24 Bn | 5.85% |
| 6 | Oneok | 60.12 Bn | 59.96 Bn | 2.81 Bn | 23.62% |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 0.18% |
| 8 | Targa Resources | 59.56 Bn | 59.43 Bn | 2.14 Bn | 22.61% |
| 9 | Cheniere Energy | 56.12 Bn | 54.86 Bn | 5.29 Bn | 9.13% |
| 10 | Torm | 3.00 Bn | 3.00 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% |