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Danaos vs TORM: revenue, profit, margins and growth compared

Danaos brought in $1B of revenue in fiscal 2025, TORM $1.3B in fiscal 2025. Revenue changed by +2.8% at Danaos and -14.1% at TORM on the year before, so Danaos grew faster. Danaos kept 47.4% of its revenue as net profit, TORM 21.3%.

Side by side, latest fiscal year

DACTRMD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1B$1.3B
Revenue growth+2.8%-14.1%
Net income$494.6M$285.3M
Net margin47.4%21.3%
Free cash flown/a$190.4M
Free cash flow marginn/a14.2%
Earnings per share (diluted)$26.76$2.85
Cash$1B$158.1M
Debt$1.2B$1B
Price to earningsn/an/a
Market value$2.8B$3.5B
Dividend yieldn/an/a
Rank by revenue in sector#455 of 778 · Consumer discretionary#418 of 778 · Consumer discretionary

Over the years

Revenue
DAC FY2018: $458.7MDAC FY2019: $447.2MDAC FY2020: $461.6MDAC FY2021: $689.5MDAC FY2022: $993.3MDAC FY2023: $973.6MDAC FY2024: $1BDAC FY2025: $1BTRMD FY2020: $747.4MTRMD FY2021: $619.5MTRMD FY2022: $1.4BTRMD FY2023: $1.5BTRMD FY2024: $1.6BTRMD FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
DAC $1BTRMD $1.3B
Net income
DAC FY2018: -$32.9MDAC FY2019: $131.3MDAC FY2020: $153.6MDAC FY2021: $1.1BDAC FY2022: $559.2MDAC FY2023: $576.3MDAC FY2024: $505.1MDAC FY2025: $494.6MTRMD FY2018: -$34.8MTRMD FY2019: $166MTRMD FY2020: $88.1MTRMD FY2021: -$42.1MTRMD FY2022: $562.8MTRMD FY2023: $648.3MTRMD FY2024: $612.5MTRMD FY2025: $285.3MFY18FY19FY20FY21FY22FY23FY24FY25
DAC $494.6MTRMD $285.3M
Net margin
DAC FY2018: -7.2%DAC FY2019: 29.3%DAC FY2020: 33.3%DAC FY2021: 152.7%DAC FY2022: 56.3%DAC FY2023: 59.2%DAC FY2024: 49.8%DAC FY2025: 47.4%TRMD FY2020: 11.8%TRMD FY2021: -6.8%TRMD FY2022: 39.0%TRMD FY2023: 42.6%TRMD FY2024: 39.3%TRMD FY2025: 21.3%FY18FY19FY20FY21FY22FY23FY24FY25
DAC 47.4%TRMD 21.3%
Revenue growth
DAC FY2019: -2.5%DAC FY2020: +3.2%DAC FY2021: +49.4%DAC FY2022: +44.1%DAC FY2023: -2.0%DAC FY2024: +4.2%DAC FY2025: +2.8%TRMD FY2021: -17.1%TRMD FY2022: +133.0%TRMD FY2023: +5.3%TRMD FY2024: +2.6%TRMD FY2025: -14.1%FY19FY20FY21FY22FY23FY24FY25
DAC +2.8%TRMD -14.1%
Free cash flow
TRMD FY2018: -$131.7MTRMD FY2019: -$213.3MTRMD FY2020: $62.8MTRMD FY2021: -$271.8MTRMD FY2022: $382.7MTRMD FY2023: $295.3MTRMD FY2024: $244.4MTRMD FY2025: $190.4MFY18FY19FY20FY21FY22FY23FY24FY25
DACTRMD $190.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Danaos and TORM

Which is bigger by revenue, Danaos or TORM?

TORM is bigger by revenue: $1.3B in fiscal 2025, against $1B for Danaos in fiscal 2025.

Which keeps more of its revenue as profit, Danaos or TORM?

Danaos had a net margin of 47.4% in fiscal 2025; TORM had 21.3% in fiscal 2025.

Which grew revenue faster, Danaos or TORM?

In their latest fiscal years revenue changed by +2.8% at Danaos and -14.1% at TORM.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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