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TORM (TRMD) Gross Margin

Annual Gross Margin

61.88%
+3.35%+5.72%

December 31, 2023

Summary

Performance

1-Year Change

+5.72%

3-Year Change

+16.34%

5-Year Change

+67.06%

15-Year Change

+48.29%

TRMD Gross Margin Chart

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Highlights

Sector Rank

84.96%
TRMD annual gross profit margin is higher than 84.96% of companies in Energy sector

High & Low

All-time High

61.88%
TRMD annual gross profit margin is currently at an all-time high

3-Year Low

39.99%
TRMD annual gross profit margin is currently +54.74% above its 3-year low

Earnings dates

Last Annual Earnings Report Date

Dec 31, 2023
TRMD previous annual earnings announcement was published on Dec 31, 2023

Next Annual Earnings Report Date

N/A
TRMD next annual earnings announcement has not yet been scheduled

OtherTRMDprofitabilitymetrics:

Annual Revenue

$1.52 B
TRMD annual revenue is $1.52 billion

Annual Gross Profit

$940.77 M
TRMD annual gross profit is $940.77 million

Annual Operating Margin

42.64%
TRMD annual operating profit margin is 42.64%

Annual Net Margin

42.64%
TRMD annual net profit margin is 42.64%

Quarterly Gross Margin

58.24%
-5.85%-9.13%

September 1, 2024

Summary

Performance

3-Month Change

-9.13%

1-Year Change

+0.99%

3-Year Change

+38.27%

5-Year Change

+38.27%

TRMD Quarterly Gross Margin Chart

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Highlights

Sector Rank

88.18%
TRMD quarterly gross profit margin is higher than 88.18% of companies in Energy sector

High & Low

All-time High

71.09%
TRMD quarterly gross profit margin is currently -18.08% below its historical high of 71.09%

3-Year Low

38.09%
TRMD quarterly gross profit margin is currently +52.90% above its 3-year low

Earnings dates

Last Quarterly Earnings Report Date

Sep 1, 2024
TRMD previous earnings announcement was published on Sep 1, 2024

Next Quarterly Earnings Report Date

N/A
TRMD next earnings announcement has not yet been scheduled

OtherTRMDprofitabilitymetrics:

Quarterly Revenue

$372.10 M
TRMD quarterly revenue is $372.10 million

Quarterly Gross Profit

$216.70 M
TRMD quarterly gross profit is $216.70 million

Quarterly Operating Margin

35.26%
TRMD quarterly operating profit margin is 35.26%

Quarterly Net Margin

35.07%
TRMD quarterly net profit margin is 35.07%

Gross Margin Formula

Gross Margin =  Gross Profit
Revenue ✕ 100%

Annual Gross Margin

61.88%
TRMD annual gross profit margin is 61.88%

Annual Gross Profit

$940.77 M
TRMD annual gross profit is $940.77 million

Annual Revenue

$1.52 B
TRMD annual revenue is $1.52 billion

TRMD Gross Margin Trends

PeriodPeriodAnnualAnnualQuarterlyQuarterly
1 y1 year+5.7%+1.0%
3 y3 years+16.3%+38.3%
5 y5 years+67.1%+38.3%

TRMD Gross Margin Highs & Lows

PeriodPeriodAnnual vs highAnnual vs highAnnual vs lowAnnual vs lowQuarter. vs highQuarter. vs highQuarter. vs lowQuarter. vs low
3 y3-yearat high+54.7%-18.1%+52.9%
5 y5-yearat high+54.7%-18.1%+57.5%
alltimeall timeat high+811.3%-18.1%+365.4%

TORM Gross Margin History

DateAnnualQuarterly
Sep 2024
-
58.24%(-9.1%)
Jun 2024
-
64.09%(-1.4%)
Mar 2024
-
65.01%(+10.5%)
Dec 2023
61.88%(+5.7%)
58.81%(+2.0%)
Sep 2023
-
57.67%(-18.9%)
Jun 2023
-
71.09%(+19.0%)
Mar 2023
-
59.74%(-10.2%)
Dec 2022
58.53%(+46.4%)
66.54%(+5.0%)
Sep 2022
-
63.36%(+22.5%)
Jun 2022
-
51.73%(+22.8%)
Mar 2022
-
42.12%(+10.6%)
Dec 2021
39.99%(-24.8%)
38.09%(+3.0%)
Sep 2021
-
36.98%(-22.6%)
Jun 2021
-
47.75%(+28.3%)
Mar 2021
-
37.23%(-6.9%)
Dec 2020
53.19%(+17.1%)
40.01%(-20.0%)
Sep 2020
-
50.03%(-20.8%)
Jun 2020
-
63.13%(+20.8%)
Mar 2020
-
52.27%(+4.8%)
Dec 2019
45.44%(+22.7%)
49.87%(+29.5%)
Sep 2019
-
38.51%(-11.1%)
Jun 2019
-
43.30%(-10.2%)
Mar 2019
-
48.23%(+23.3%)
Dec 2018
37.04%(-11.2%)
39.13%(+29.0%)
Sep 2018
-
30.34%(-17.6%)
Jun 2018
-
36.80%(-10.0%)
Mar 2018
-
40.90%(-584.6%)
DateAnnualQuarterly
Dec 2017
41.73%(-9.8%)
-8.44%(-120.2%)
Sep 2017
-
41.72%(+3.8%)
Jun 2017
-
40.19%(-6.1%)
Mar 2017
-
42.82%(-295.2%)
Dec 2016
46.25%(-14.2%)
-21.94%(-134.9%)
Sep 2016
-
62.90%(-5.1%)
Jun 2016
-
66.25%(-3.5%)
Mar 2016
-
68.66%(+128.6%)
Dec 2015
53.92%(+31.2%)
30.03%(-55.0%)
Sep 2015
-
66.68%(-0.0%)
Jun 2015
-
66.71%(+1.6%)
Mar 2015
-
65.63%(+194.0%)
Dec 2014
41.09%(+25.8%)
22.32%(-58.6%)
Sep 2014
-
53.89%(+21.5%)
Jun 2014
-
44.35%(+7.2%)
Mar 2014
-
41.39%(+0.1%)
Dec 2013
32.65%(+380.9%)
41.34%(+40.2%)
Sep 2013
-
29.48%(+2.4%)
Jun 2013
-
28.78%(-13.6%)
Mar 2013
-
33.32%
Dec 2012
6.79%(-64.0%)
-
Dec 2011
18.85%(-9.9%)
-
Dec 2010
20.91%(-26.7%)
-
Dec 2009
28.52%(-38.0%)
-
Dec 2008
45.97%(+6.9%)
-
Dec 2007
43.00%(-4.3%)
-
Dec 2006
44.92%(-16.0%)
-
Dec 2005
53.49%
-

FAQ

  • What is TORM annual gross profit margin?
  • What is the all time high annual gross margin for TORM?
  • What is TORM annual gross margin year-on-year change?
  • What is TORM quarterly gross profit margin?
  • What is the all time high quarterly gross margin for TORM?
  • What is TORM quarterly gross margin year-on-year change?

What is TORM annual gross profit margin?

The current annual gross margin of TRMD is 61.88%

What is the all time high annual gross margin for TORM?

TORM all-time high annual gross profit margin is 61.88%

What is TORM annual gross margin year-on-year change?

Over the past year, TRMD annual gross profit margin has changed by +3.35% (+5.72%)

What is TORM quarterly gross profit margin?

The current quarterly gross margin of TRMD is 58.24%

What is the all time high quarterly gross margin for TORM?

TORM all-time high quarterly gross profit margin is 71.09%

What is TORM quarterly gross margin year-on-year change?

Over the past year, TRMD quarterly gross profit margin has changed by +0.57% (+0.99%)