NAT vs. TRMD

Last updated Apr 1, 2026

Compare and contrast key facts about Nordic American Tankers Limited (NAT) and TORM plc (TRMD).

Performance

NAT vs. TRMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nordic American Tankers Limited (NAT) and TORM plc (TRMD). The values are adjusted to include any dividend payments, if applicable.

NAT vs. TRMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NAT Nordic American Tankers Limited	75.65%	54.57%	-33.63%	55.83%	87.90%	-41.48%	-32.82%	156.48%	-7.61%
TRMD TORM plc	46.25%	11.21%	-23.37%	31.64%	297.66%	12.91%	-25.94%	84.18%	-22.59%

Fundamentals

Market Cap NAT : $1.24B TRMD : $2.78B
EPS NAT : $0.06 TRMD : $2.85
PE Ratio NAT : 101.10 TRMD : 9.78
PEG Ratio NAT : 1.25 TRMD : 0.10
PS Ratio NAT : 4.24 TRMD : 2.09
PB Ratio NAT : 2.79 TRMD : 1.27
Total Revenue (TTM) NAT : $292.42M TRMD : $1.34B
Gross Profit (TTM) NAT : $57.87M TRMD : $582.69M
EBITDA (TTM) NAT : $105.20M TRMD : $580.07M

Returns By Period

In the year-to-date period, NAT achieves a 75.65% return, which is significantly higher than TRMD's 46.25% return.

NAT

• 1D: 2.63%
• 1M: 5.45%
• YTD: 75.65%
• 6M: 99.36%
• 1Y: 169.36%
• 3Y*: 27.91%
• 5Y*: 21.50%
• 10Y*: -0.62%

TRMD

• 1D: 1.90%
• 1M: -4.96%
• YTD: 46.25%
• 6M: 42.74%
• 1Y: 86.19%
• 3Y*: 12.45%
• 5Y*: 41.12%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NAT vs. TRMD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NAT

NAT Risk / Return Rank: 99
NAT Sharpe Ratio Rank: 99
NAT Sortino Ratio Rank: 99
NAT Omega Ratio Rank: 97
NAT Calmar Ratio Rank: 99
NAT Martin Ratio Rank: 99

TRMD

TRMD Risk / Return Rank: 90
TRMD Sharpe Ratio Rank: 92
TRMD Sortino Ratio Rank: 90
TRMD Omega Ratio Rank: 86
TRMD Calmar Ratio Rank: 92
TRMD Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NAT vs. TRMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nordic American Tankers Limited (NAT) and TORM plc (TRMD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NAT	TRMD	Difference
Sharpe ratio Return per unit of total volatility	4.69	2.20	+2.50
Sortino ratio Return per unit of downside risk	5.12	2.81	+2.31
Omega ratio Gain probability vs. loss probability	1.61	1.33	+0.28
Calmar ratio Return relative to maximum drawdown	11.63	4.20	+7.42
Martin ratio Return relative to average drawdown	38.34	11.02	+27.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NAT vs. TRMD - Sharpe Ratio Comparison

The current NAT Sharpe Ratio is 4.69, which is higher than the TRMD Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of NAT and TRMD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NAT	TRMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.69	2.20	+2.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.90	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.48	-0.33

Correlation

The correlation between NAT and TRMD is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NAT vs. TRMD - Dividend Comparison

NAT's dividend yield for the trailing twelve months is around 8.02%, more than TRMD's 7.60% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NAT Nordic American Tankers Limited	8.02%	10.47%	16.00%	11.67%	3.59%	3.55%	15.25%	2.03%	8.00%	21.54%	16.31%	8.88%
TRMD TORM plc	7.60%	10.32%	30.13%	23.05%	6.99%	0.00%	14.89%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NAT vs. TRMD - Drawdown Comparison

The maximum NAT drawdown since its inception was -90.20%, which is greater than TRMD's maximum drawdown of -60.59%. Use the drawdown chart below to compare losses from any high point for NAT and TRMD.

Drawdown Indicators

	NAT	TRMD	Difference
Max Drawdown Largest peak-to-trough decline	-90.20%	-60.59%	-29.61%
Max Drawdown (1Y) Largest decline over 1 year	-14.01%	-19.49%	+5.48%
Max Drawdown (5Y) Largest decline over 5 years	-61.91%	-60.59%	-1.32%
Max Drawdown (10Y) Largest decline over 10 years	-87.33%	—	—
Current Drawdown Current decline from peak	-38.02%	-13.44%	-24.58%
Average Drawdown Average peak-to-trough decline	-44.02%	-22.91%	-21.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.25%	7.43%	-3.18%

Volatility

NAT vs. TRMD - Volatility Comparison

Nordic American Tankers Limited (NAT) and TORM plc (TRMD) have volatilities of 14.52% and 14.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NAT	TRMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.52%	14.99%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	25.51%	26.39%	-0.88%
Volatility (1Y) Calculated over the trailing 1-year period	36.42%	39.54%	-3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.21%	45.89%	+5.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.92%	60.26%	-2.34%

Financials

NAT vs. TRMD - Profitability Comparison

The chart below illustrates the profitability comparison between Nordic American Tankers Limited and TORM plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NAT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Nordic American Tankers Limited reported a gross profit of 29.04M and revenue of 85.90M. Therefore, the gross margin over that period was 33.8%.

TRMD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, TORM plc reported a gross profit of 134.80M and revenue of 354.98M. Therefore, the gross margin over that period was 38.0%.

NAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Nordic American Tankers Limited reported an operating income of 20.43M and revenue of 85.90M, resulting in an operating margin of 23.8%.

TRMD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, TORM plc reported an operating income of 98.16M and revenue of 354.98M, resulting in an operating margin of 27.7%.

NAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Nordic American Tankers Limited reported a net income of 11.66M and revenue of 85.90M, resulting in a net margin of 13.6%.

TRMD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, TORM plc reported a net income of 87.39M and revenue of 354.98M, resulting in a net margin of 24.6%.