Torm (TRMD) Tax Rate (2016 - 2025)
Torm (TRMD) recorded quarterly Tax Rate of 2.81% in Q2 2025, up 64.4% quarter-over-quarter from 7.91% in Q1 2025, and down 338.0% on a YoY basis from 1.18% in Q2 2024.
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 was 2.81% for Q2 2025 at Torm, up from 7.91% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 967117.99% in Q1 2023 to a low of 7.91% in Q1 2025.
- Historically, Tax Rate has averaged 56889.22% across 5 years, with a median of 0.33% in 2024.
- The sharpest annual moves came in 2023 and 2024: Tax Rate jumped 96712079 bps in 2023, then tumbled 96711875 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 2.5% in 2021, then increased by 23 bps to 3.07% in 2022, then sank by 120 bps to 0.61% in 2023, then soared by 153 bps to 0.33% in 2024, then slumped by 958 bps to 2.81% in 2025.
- The last three Tax Rate figures came in at 2.81% (Q2 2025), 7.91% (Q1 2025), and 0.33% (Q4 2024), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.15 Bn | 88.85 Bn | 6.70 Bn | 24.82% |
| 2 | Enterprise Products Partners | 81.41 Bn | 80.26 Bn | - | 1.45% |
| 3 | Kinder Morgan | 69.70 Bn | 70.78 Bn | 3.08 Bn | 22.28% |
| 4 | Energy Transfer | 66.51 Bn | 65.79 Bn | 6.62 Bn | 6.40% |
| 5 | Scorpio Tankers | 59.31 Bn | 58.33 Bn | - | - |
| 6 | Mplx | 57.21 Bn | 55.70 Bn | 2.54 Bn | 0.11% |
| 7 | Targa Resources | 56.78 Bn | 56.82 Bn | 1.70 Bn | 20.27% |
| 8 | Oneok | 55.57 Bn | 55.44 Bn | 2.57 Bn | 24.00% |
| 9 | Tc Energy | 50.90 Bn | 52.09 Bn | 2.95 Bn | 10.04% |
| 10 | Torm | 2.91 Bn | 2.75 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2025 | -2.81% |
| Jun 30, 2025 | -2.81% |
| Mar 31, 2025 | -7.91% |
| Mar 31, 2025 | -7.91% |
| Dec 31, 2024 | 0.33% |
| Dec 31, 2024 | 0.33% |
| Jun 30, 2024 | 0.57% |
| Jun 30, 2024 | 0.57% |
| Mar 31, 2024 | -0.76% |
| Mar 31, 2024 | -0.76% |
| Dec 31, 2023 | -0.61% |
| Dec 31, 2023 | -0.61% |
| Sep 30, 2023 | 2.98% |
| Sep 30, 2023 | 2.98% |
| Jun 30, 2023 | -0.54% |
| Jun 30, 2023 | -0.54% |
| Mar 31, 2023 | 967,117.99% |
| Mar 31, 2023 | 967,117.99% |
| Dec 31, 2022 | 3.07% |
| Dec 31, 2022 | 3.07% |