TORM
TRMD
#3323
Rank
$3.49 B
Marketcap
$37.22
Share price
-0.61%
Change (1 day)
58.32%
Change (1 year)

Operating Margin for TORM (TRMD)

Operating Margin as of July 2024 (TTM): 43.16%

According to TORM's latest financial reports and stock price the company's current Operating Margin is 43.16%. At the end of 2022 the company had an Operating Margin of 41.94%.

Operating Margin history for TORM from 2004 to 2023

Operating Margin at the end of each year

Year Operating Margin Change
202241.94%16139.22%
20210.26%-98.59%
202018.28%-38.57%
201929.76%7526.92%
20180.39%-94.15%
20176.66%-140.42%
2016-16.49%-162.73%
201526.28%-172.58%
2014-36.21%293.3%
2013-9.21%-79.53%
2012-44.99%51.14%
2011-29.76%198.69%
2010-9.97%-351.04%
20093.97%-89.44%
200837.59%-64.82%
2007106.83%128.64%
200646.73%-15.47%
200555.28%-40.97%
200493.64%59.58%
200358.68%453.11%
200210.61%-58.79%
200125.75%

What is a company's Operating Margin

The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.