TORM (TRMD) Revenue & Revenue Breakdown


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TORM Revenue Highlights


Latest Revenue (Y)

$1.55B

Latest Revenue (Q)

$444.10M

Main Segment (Y)

Others

Main Geography (Y)

SWITZERLAND

TORM Revenue by Period


TORM Revenue by Year

DateRevenueChange
2023-12-31$1.55B7.46%
2022-12-31$1.44B132.99%
2021-12-31$619.50M-17.11%
2020-12-31$747.36M7.90%
2019-12-31$692.61M9.01%
2018-12-31$635.37M-3.29%
2017-12-31$656.99M-3.40%
2016-12-31$680.14M25.86%
2015-12-31$540.40M-13.42%
2014-12-31$624.17M-37.10%
2013-12-31$992.34M-11.49%
2012-12-31$1.12B-15.02%
2011-12-31$1.32B53.51%
2010-12-31$859.41M1.07%
2009-12-31$850.30M-27.33%
2008-12-31$1.17B42.39%
2007-12-31$821.67M35.96%
2006-12-31$604.34M2.64%
2005-12-31$588.80M24.45%
2004-12-31$473.12M45.10%
2003-12-31$326.08M18.47%
2002-12-31$275.24M-10.93%
2001-12-31$309.01M14.63%
2000-12-31$269.57M3.78%
1998-12-31$259.75M-

TORM generated $1.55B in revenue during NA 2023, up 7.46% compared to the previous quarter, and up 244.12% compared to the same period a year ago.

TORM Revenue by Quarter

DateRevenueChange
2024-03-31$444.10M11.56%
2023-12-31$398.08M11.16%
2023-09-30$358.10M-6.82%
2023-06-30$384.30M-1.51%
2023-03-31$390.20M-12.78%
2022-12-31$447.35M-0.17%
2022-09-30$448.10M32.38%
2022-06-30$338.50M61.65%
2022-03-31$209.40M10.74%
2021-12-31$189.10M21.61%
2021-09-30$155.50M3.12%
2021-06-30$150.80M21.51%
2021-03-31$124.10M18.02%
2020-12-31$105.16M-35.76%
2020-09-30$163.70M-29.50%
2020-06-30$232.20M-5.72%
2020-03-31$246.30M27.48%
2019-12-31$193.21M31.70%
2019-09-30$146.70M-11.79%
2019-06-30$166.30M-10.78%
2019-03-31$186.40M10.58%
2018-12-31$168.57M20.06%
2018-09-30$140.40M-14.02%
2018-06-30$163.30M0.12%
2018-03-31$163.10M-4.84%
2017-12-31$171.39M10.01%
2017-09-30$155.80M-0.76%
2017-06-30$157.00M-9.14%
2017-03-31$172.80M12.40%
2016-12-31$153.74M-1.32%
2016-09-30$155.80M-11.93%
2016-06-30$176.90M-8.67%
2016-03-31$193.70M4.03%
2015-12-31$186.20M-13.59%
2015-09-30$215.50M54.37%
2015-06-30$139.60M-9.47%
2015-03-31$154.20M1.00%
2014-12-31$152.67M9.05%
2014-09-30$140.00M-5.79%
2014-06-30$148.60M-18.75%
2014-03-31$182.90M-5.25%
2013-12-31$193.04M-16.69%
2013-09-30$231.70M-19.94%
2013-06-30$289.40M4.03%
2013-03-31$278.20M-63.72%
2012-12-31$766.73M598.30%
2012-09-30$109.80M7.02%
2012-06-30$102.60M-32.50%
2012-03-31$152.00M2.63%
2011-09-30$148.10M-17.17%
2011-06-30$178.80M21.22%
2011-03-31$147.50M10.33%
2010-12-31$133.68M-10.40%
2010-09-30$149.20M14.59%
2010-06-30$130.20M-11.73%
2010-03-31$147.50M-26.64%
2009-12-31$201.05M-3.71%
2009-09-30$208.80M7.85%
2009-06-30$193.60M-25.19%
2009-03-31$258.80M-15.26%
2008-12-31$305.39M-9.27%
2008-09-30$336.60M42.69%
2008-06-30$235.90M18.19%
2008-03-31$199.60M215.00%
2007-12-31$63.37M-71.35%
2007-09-30$221.20M11.49%
2007-06-30$198.40M-

TORM generated $444.10M in revenue during Q1 2024, up 11.56% compared to the previous quarter, and up 99.27% compared to the same period a year ago.

TORM Revenue Breakdown


TORM Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22
Others$2.00M$700.00K

TORM's latest annual revenue breakdown by segment (product or service), as of Dec 23: Others (100.00%).

TORM Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22
SWITZERLAND$242.50M-
UNITED STATES$182.70M-
CH-$220.90M
MX-$178.20M

TORM's latest annual revenue breakdown by geography, as of Dec 23: SWITZERLAND (57.03%), and UNITED STATES (42.97%).

TORM Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
TRMDTORM$1.55B$444.10M
INSWInternational Seaways$1.07B$257.41M
ASCArdmore Shipping$395.98M$106.30M

TRMD Revenue FAQ


What is TORM’s yearly revenue?

TORM's yearly revenue for 2023 was $1.55B, representing an increase of 7.46% compared to 2022. The company's yearly revenue for 2022 was $1.44B, representing an increase of 132.99% compared to 2021. TRMD's yearly revenue for 2021 was $619.5M, representing a decrease of -17.11% compared to 2020.

What is TORM’s quarterly revenue?

TORM's quarterly revenue for Q1 2024 was $444.1M, a 11.56% increase from the previous quarter (Q4 2023), and a 13.81% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $398.08M, a 11.16% increase from the previous quarter (Q3 2023), and a -11.01% decrease year-over-year (Q4 2022). TRMD's quarterly revenue for Q3 2023 was $358.1M, a -6.82% decrease from the previous quarter (Q2 2023), and a -20.08% decrease year-over-year (Q3 2022).

What is TORM’s revenue growth rate?

TORM's revenue growth rate for the last 3 years (2021-2023) was 150.37%, and for the last 5 years (2019-2023) was 123.94%.

What are TORM’s revenue streams?

TORM's revenue streams in c 23 are Others

What is TORM’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of TORM was Others. This segment made a revenue of $2M, representing 100.00% of the company's total revenue.