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TORM vs ZIM Integrated Shipping Services: revenue, profit, margins and growth compared

TORM brought in $1.3B of revenue in fiscal 2025, ZIM Integrated Shipping Services $6.9B in fiscal 2025. Revenue changed by -14.1% at TORM and -18.1% at ZIM Integrated Shipping Services on the year before, so TORM grew faster. TORM kept 21.3% of its revenue as net profit, ZIM Integrated Shipping Services 6.9%.

Side by side, latest fiscal year

TRMDZIM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.3B$6.9B
Revenue growth-14.1%-18.1%
Net income$285.3M$479.2M
Net margin21.3%6.9%
Free cash flow$190.4Mn/a
Free cash flow margin14.2%n/a
Earnings per share (diluted)$2.85$3.98
Cash$158.1M$1.1B
Debt$1B$90.1M
Price to earningsn/an/a
Market value$3.5B$3.5B
Dividend yieldn/an/a
Rank by revenue in sector#418 of 778 · Consumer discretionary#157 of 778 · Consumer discretionary

Over the years

Revenue
TRMD FY2020: $747.4MTRMD FY2021: $619.5MTRMD FY2022: $1.4BTRMD FY2023: $1.5BTRMD FY2024: $1.6BTRMD FY2025: $1.3BZIM FY2018: $3.2BZIM FY2020: $3.3BZIM FY2020: $4BZIM FY2021: $10.7BZIM FY2022: $12.6BZIM FY2023: $5.2BZIM FY2024: $8.4BZIM FY2025: $6.9BFY18FY20FY21FY22FY23FY24FY25
TRMD $1.3BZIM $6.9B
Net income
TRMD FY2018: -$34.8MTRMD FY2019: $166MTRMD FY2020: $88.1MTRMD FY2021: -$42.1MTRMD FY2022: $562.8MTRMD FY2023: $648.3MTRMD FY2024: $612.5MTRMD FY2025: $285.3MZIM FY2018: -$125.7MZIM FY2020: -$18.1MZIM FY2020: $518MZIM FY2021: $4.6BZIM FY2022: $4.6BZIM FY2023: -$2.7BZIM FY2024: $2.1BZIM FY2025: $479.2MFY18FY19FY20FY21FY22FY23FY24FY25
TRMD $285.3MZIM $479.2M
Net margin
TRMD FY2020: 11.8%TRMD FY2021: -6.8%TRMD FY2022: 39.0%TRMD FY2023: 42.6%TRMD FY2024: 39.3%TRMD FY2025: 21.3%ZIM FY2018: -3.9%ZIM FY2020: -0.6%ZIM FY2020: 13.0%ZIM FY2021: 43.3%ZIM FY2022: 36.8%ZIM FY2023: -52.2%ZIM FY2024: 25.5%ZIM FY2025: 6.9%FY18FY20FY21FY22FY23FY24FY25
TRMD 21.3%ZIM 6.9%
Revenue growth
TRMD FY2021: -17.1%TRMD FY2022: +133.0%TRMD FY2023: +5.3%TRMD FY2024: +2.6%TRMD FY2025: -14.1%ZIM FY2020: +1.6%ZIM FY2020: +21.0%ZIM FY2021: +168.8%ZIM FY2022: +17.1%ZIM FY2023: -58.9%ZIM FY2024: +63.3%ZIM FY2025: -18.1%FY20FY21FY22FY23FY24FY25
TRMD -14.1%ZIM -18.1%
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
TRMD $190.4MZIM

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

Questions about TORM and ZIM Integrated Shipping Services

Which is bigger by revenue, TORM or ZIM Integrated Shipping Services?

ZIM Integrated Shipping Services is bigger by revenue: $6.9B in fiscal 2025, against $1.3B for TORM in fiscal 2025.

Which keeps more of its revenue as profit, TORM or ZIM Integrated Shipping Services?

TORM had a net margin of 21.3% in fiscal 2025; ZIM Integrated Shipping Services had 6.9% in fiscal 2025.

Which grew revenue faster, TORM or ZIM Integrated Shipping Services?

In their latest fiscal years revenue changed by -14.1% at TORM and -18.1% at ZIM Integrated Shipping Services.

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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