TRMD vs. FRO

Last updated Apr 2, 2026

Compare and contrast key facts about TORM plc (TRMD) and Frontline Ltd. (FRO).

Performance

TRMD vs. FRO - Performance Comparison

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

TRMD vs. FRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TRMD TORM plc	46.83%	11.21%	-23.37%	31.64%	297.66%	12.91%	-25.94%	84.18%	-22.59%
FRO Frontline Ltd.	64.69%	61.17%	-22.48%	96.23%	73.67%	13.67%	-41.47%	134.59%	28.60%

Fundamentals

Market Cap TRMD : $2.79B FRO : $7.75B
EPS TRMD : $2.85 FRO : $1.70
PE Ratio TRMD : 9.82 FRO : 20.45
PS Ratio TRMD : 2.10 FRO : 3.95
PB Ratio TRMD : 1.27 FRO : 3.09
Total Revenue (TTM) TRMD : $1.34B FRO : $1.97B
Gross Profit (TTM) TRMD : $582.69M FRO : $644.05M
EBITDA (TTM) TRMD : $580.07M FRO : $943.61M

Returns By Period

In the year-to-date period, TRMD achieves a 46.83% return, which is significantly lower than FRO's 64.69% return.

TRMD

• 1D: 0.39%
• 1M: -7.08%
• YTD: 46.83%
• 6M: 38.47%
• 1Y: 87.27%
• 3Y*: 12.60%
• 5Y*: 41.23%
• 10Y*: —

FRO

• 1D: -0.09%
• 1M: -9.30%
• YTD: 64.69%
• 6M: 58.44%
• 1Y: 147.39%
• 3Y*: 40.65%
• 5Y*: 46.49%
• 10Y*: 23.45%

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

Return for Risk

TRMD vs. FRO — Risk / Return Rank

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

TRMD

TRMD Risk / Return Rank: 90
TRMD Sharpe Ratio Rank: 92
TRMD Sortino Ratio Rank: 89
TRMD Omega Ratio Rank: 85
TRMD Calmar Ratio Rank: 92
TRMD Martin Ratio Rank: 91

FRO

FRO Risk / Return Rank: 95
FRO Sharpe Ratio Rank: 97
FRO Sortino Ratio Rank: 94
FRO Omega Ratio Rank: 91
FRO Calmar Ratio Rank: 96
FRO Martin Ratio Rank: 97

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.

TRMD vs. FRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TORM plc (TRMD) and Frontline Ltd. (FRO). 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.

	TRMD	FRO	Difference
Sharpe ratio Return per unit of total volatility	2.22	3.12	-0.89
Sortino ratio Return per unit of downside risk	2.83	3.48	-0.65
Omega ratio Gain probability vs. loss probability	1.34	1.43	-0.09
Calmar ratio Return relative to maximum drawdown	4.46	7.02	-2.56
Martin ratio Return relative to average drawdown	11.70	20.22	-8.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRMD vs. FRO - Sharpe Ratio Comparison

The current TRMD Sharpe Ratio is 2.22, which is comparable to the FRO Sharpe Ratio of 3.12. The chart below compares the historical Sharpe Ratios of TRMD and FRO, 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

	TRMD	FRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	3.12	-0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.95	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.11	+0.37

Correlation

The correlation between TRMD and FRO is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TRMD vs. FRO - Dividend Comparison

TRMD's dividend yield for the trailing twelve months is around 7.57%, more than FRO's 5.05% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRMD TORM plc	7.57%	10.32%	30.13%	23.05%	6.99%	0.00%	14.89%	0.00%	0.00%	0.00%	0.00%	0.00%
FRO Frontline Ltd.	5.05%	4.26%	13.74%	14.31%	1.24%	0.00%	25.72%	0.78%	0.00%	6.54%	19.83%	1.67%

Drawdowns

TRMD vs. FRO - Drawdown Comparison

The maximum TRMD drawdown since its inception was -60.59%, smaller than the maximum FRO drawdown of -98.36%. Use the drawdown chart below to compare losses from any high point for TRMD and FRO.

Drawdown Indicators

	TRMD	FRO	Difference
Max Drawdown Largest peak-to-trough decline	-60.59%	-98.36%	+37.77%
Max Drawdown (1Y) Largest decline over 1 year	-19.49%	-21.41%	+1.92%
Max Drawdown (5Y) Largest decline over 5 years	-60.59%	-52.04%	-8.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-57.14%	—
Current Drawdown Current decline from peak	-13.10%	-74.35%	+61.25%
Average Drawdown Average peak-to-trough decline	-22.91%	-67.81%	+44.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.43%	7.44%	-0.01%

Volatility

TRMD vs. FRO - Volatility Comparison

TORM plc (TRMD) and Frontline Ltd. (FRO) have volatilities of 15.01% and 15.37%, 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

	TRMD	FRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.01%	15.37%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	26.37%	30.24%	-3.87%
Volatility (1Y) Calculated over the trailing 1-year period	39.46%	47.58%	-8.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.88%	49.38%	-3.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.24%	51.46%	+8.78%

Financials

TRMD vs. FRO - Profitability Comparison

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

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%.

FRO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Frontline Ltd. reported a gross profit of 288.91M and revenue of 624.51M. Therefore, the gross margin over that period was 46.3%.

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%.

FRO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Frontline Ltd. reported an operating income of 277.74M and revenue of 624.51M, resulting in an operating margin of 44.5%.

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%.

FRO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Frontline Ltd. reported a net income of 227.93M and revenue of 624.51M, resulting in a net margin of 36.5%.