Torm (TRMD) Tax Rate (2016 - 2026)
Torm (TRMD) posted Tax Rate of 0.24% for Q2 2026, up 81.72% on a QoQ basis from 1.29% in Q1 2026, and up 258.0% year-over-year from 0.07% in Q2 2025.
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Analysis
Torm (TRMD) Tax Rate (2016 - 2026) Analysis & Trends
Torm has reported Tax Rate for 11 years, with the latest figure at 0.24% in Q2 2026.
- On a quarterly basis, Tax Rate rose 258.0% year-over-year to 0.24% in Q2 2026; TTM through Jun 2026 was 2.25%, a 150.0% decrease from a year earlier, with the FY2025 full-year figure at 3.12%, down 344.0% from the prior year.
- Tax Rate was 0.24% for Q2 2026 at Torm, up from 1.29% in the prior quarter.
- The five-year high for Tax Rate was 0.57% in Q2 2024, with the low at 7.91% in Q1 2025.
- Average Tax Rate over 5 years is 1.49%, with a median of 0.76% recorded in 2024.
- The sharpest annual moves came in 2022 and 2026: Tax Rate sank 1287 bps in 2022, then soared 662 bps in 2026.
- Over 5 years, Tax Rate stood at 0.09% in 2022, then tumbled by 592 bps to 0.64% in 2023, then surged by 189 bps to 0.57% in 2024, then tumbled by 594 bps to 2.81% in 2025, then surged by 92 bps to 0.24% in 2026.
- The last three Tax Rate figures came in at 0.24% (Q2 2026), 1.29% (Q1 2026), and 2.81% (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | -0.08% |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 24.16% |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | 21.05% |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 0.00% |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | -0.51% |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | -0.27% |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | - |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | - |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | -0.24% |
| 10 | ZIM Integrated Shipping Services | 3.44 Bn | 2.41 Bn | 255.00 Mn | 5.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.24% |
| Mar 31, 2026 | -1.29% |
| Jun 30, 2025 | -2.81% |
| Mar 31, 2025 | -7.91% |
| Jun 30, 2024 | 0.57% |
| Mar 31, 2024 | -0.76% |
| Dec 31, 2023 | -0.64% |
| Sep 30, 2023 | -2.66% |
| Jun 30, 2023 | 0.54% |
| Mar 31, 2023 | -0.97% |
| Sep 30, 2022 | -0.09% |
| Jun 30, 2022 | -0.37% |
| Mar 31, 2022 | -2.80% |
| Dec 31, 2021 | 3.29% |
| Sep 30, 2021 | 4.26% |
| Jun 30, 2021 | 12.50% |
| Mar 31, 2021 | 0.95% |
| Dec 31, 2020 | 3.57% |
| Sep 30, 2020 | -40.00% |
| Jun 30, 2020 | -0.42% |