Also trades as: TRMD-A.CO (CPH) · $vol 11M · 0RG4.IL (IOB) · $vol 1M · 0RG4.L (LSE) · $vol 1M

$40.00

+1.20 (+3.09%)

Weekly Expected Move ±6.5%

$35 $37 $40 $43 $45

NASDAQ · Industrials · Marine Shipping · Tech Score Buy · Power 70 · $4.1B mcap · 68M float · 1.53% daily turnover · Short 45% of daily vol

Revenue

$1.4B -10.9% ▼

5Y CAGR: +13.2%

Gross Profit

$474M -50.0% ▼

5Y CAGR: +3.6%

Operating Income

$356M -46.0% ▼

5Y CAGR: +20.7%

Net Income

$296M -51.7% ▼

5Y CAGR: +27.4%

EPS (Diluted)

$2.96 -53.5% ▼

5Y CAGR: +18.4%

EBITDA

$606M -30.5% ▼

5Y CAGR: +18.6%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$620M	$1.4B	$1.5B	$1.6B	$1.4B
YoY Growth	-17.1%	+133.0%	+5.3%	+2.6%	-10.9%
Cost of Revenue	$372M	$598M	$580M	$610M	$916M
Gross Profit	$248M	$845M	$941M	$949M	$474M
Gross Margin	40.0%	58.5%	61.9%	60.8%	34.1%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$52M	$55M	$83M	$96M	$119M
Operating Expenses	$246M	$243M	$242M	$290M	$119M
Operating Income	$1M	$602M	$699M	$659M	$356M
Operating Margin	0.2%	41.7%	45.9%	42.3%	25.6%
Interest Expense	$42M	$49M	$56M	$70M	$77M
Income Before Tax	-$41M	$557M	$652M	$610M	$306M
Tax Expense	$1M	-$6M	$4M	-$2M	$10M
Net Income	-$42M	$563M	$648M	$612M	$296M
Net Margin	-6.8%	39.0%	42.6%	39.3%	21.3%
EPS (Diluted)	$-0.54	$6.90	$7.48	$6.36	$2.96
EBITDA	$132M	$744M	$857M	$872M	$606M
Shares Outstanding	78M	83M	87M	96M	100M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$372M	$305M	$329M	$315M	$343M	$355M	$396M	$649M
Cost of Revenue	$155M	$143M	$164M	$157M	$219M	$220M	$238M	$277M
Gross Profit	$217M	$163M	$165M	$158M	$124M	$135M	$158M	$372M
Gross Margin	58.2%	53.3%	50.3%	50.2%	36.3%	38.0%	39.9%	57.3%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$23M	$23M	$26M	$24M	$27M	$37M	$23M	$24M
Operating Expenses	$74M	$73M	$83M	$84M	$27M	$37M	$23M	$24M
Operating Income	$142M	$90M	$82M	$75M	$97M	$98M	$135M	$348M
Operating Margin	38.2%	29.3%	25.0%	23.7%	28.4%	27.7%	34.1%	53.6%
Interest Expense	$18M	$18M	$18M	$18M	$24M	$15M	$19M	$18M
Income Before Tax	$131M	$75M	$68M	$60M	$79M	$88M	$122M	$332M
Tax Expense	$100K	-$3M	$5M	$2M	$1M	$805K	$2M	$784K
Net Income	$130M	$78M	$63M	$59M	$78M	$87M	$121M	$331M
Net Margin	35.1%	25.4%	19.1%	18.6%	22.7%	24.6%	30.4%	51.0%
EPS (Diluted)	$1.35	$0.80	$0.62	$0.58	$0.77	$0.88	$1.17	$3.18
EBITDA	$199M	$142M	$139M	$130M	$156M	$160M	$199M	$407M
Shares Outstanding	97M	98M	101M	101M	101M	100M	103M	104M

TRMD NASDAQ