TMD Energy (TMDE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2026, filed Oct 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TMDE SEC filings page.
TMD Energy Limited (TMDE) reported $545.0M in revenue for fiscal year 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (20-F and 6-K reports).
Reported cash generation persists, but collapsing margins and liabilities consuming nearly all assets leave little room for operating mistakes.
In FY2026, the company reported operating cash flow of$10.6M alongside a net loss of$18.6M , a sharp earnings-cash mismatch. Receivables were up44.0% versus FY2024, so the positive cash result appears tied to items beyond bottom-line profit rather than a recovery in the underlying margin structure.
From FY2024 to FY2026, revenue fell
Liabilities reached
Financial Health Signals
Scored against energy companies for FY2026. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of TMD Energy Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
TMD Energy Limited has an operating margin of -2.4%, meaning the company loses $2 on every $100 of revenue. This results in a profitability score of 11/100. This is down from 0.9% the prior year.
TMD Energy Limited's revenue declined 20.8% year-over-year, from $688.6M to $545.0M. This contraction results in a growth score of 24/100.
TMD Energy Limited carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.
TMD Energy Limited's current ratio of 0.78 is below the typical benchmark, resulting in a score of 20/100. This tight liquidity could limit financial flexibility if cash inflows slow.
TMD Energy Limited's free cash flow margin of 1.4% results in a low score of 25/100. Capital expenditures of $3.1M absorb a large share of operating cash flow.
TMD Energy Limited posts a -716.3% return on equity (ROE), meaning it loses $716 for every $100 of shareholders' equity. This results in a returns score of 6/100. This is down from 10.5% the prior year.
TMD Energy Limited scores 3.72, well above the 2.99 safe threshold. The largest contribution to the score comes from revenue of $545.0M against total assets of $125.1M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
TMD Energy Limited passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
TMD Energy Limited reported a net loss of $18.6M while generating $10.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
TMD Energy Limited reported an operating loss of $12.9M against $5.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
TMD Energy Limited generated $545.0M in revenue in fiscal year 2026.
TMD Energy Limited's EBITDA was -$8.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
TMD Energy Limited reported a net loss of $18.6M in fiscal year 2026.
Cash & Balance Sheet
TMD Energy Limited generated $7.5M in free cash flow in fiscal year 2026, representing cash available after capex.
TMD Energy Limited held $4.0M in cash against $469K in long-term debt as of fiscal year 2026, with $121.5M of liabilities due within a year.
Not reported for fiscal year 2026.
Margins & Returns
TMD Energy Limited's gross margin was 0.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs.
TMD Energy Limited's operating margin was -2.4% in fiscal year 2026, reflecting core business profitability.
TMD Energy Limited's net profit margin was -3.4% in fiscal year 2026, showing the share of revenue converted to profit.
TMD Energy Limited's ROE was -716.3% in fiscal year 2026, measuring profit generated per dollar of shareholder equity.
Capital Allocation
TMD Energy Limited invested $3.1M in capex in fiscal year 2026, funding long-term assets and infrastructure.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
TMDE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2620-F | FY2420-F | FY2320-F | FY2220-F |
|---|---|---|---|---|
| Revenue | $545.0M | $688.6M+8.8% | $633.1M-9.8% | $702.1M |
| Cost of Revenue | $541.9M | $672.6M+8.3% | $621.0M-9.8% | $688.8M |
| Gross Profit | $3.1M | $16.0M+32.7% | $12.1M-8.8% | $13.3M |
| SG&A Expenses | $11.2M | $5.3M+1.2% | $5.2M-9.9% | $5.8M |
| Operating Income | -$12.9M | $6.0M+130.3% | $2.6M-42.0% | $4.5M |
| EBITDA | -$8.0M | $10.8M+57.1% | $6.9M-8.1% | $7.5M |
| Interest Expense | $5.3M | $4.6M+108.7% | $2.2M+11.1% | $2.0M |
| Income Tax | -$318K | $1.4M+84.5% | $774Kn/m | -$9K |
| Net Income | -$18.6M | $1.9M-5.9% | $2.0M-15.9% | $2.4M |
| EPS (Basic) | -$0.79 | $0.09-10.0% | $0.10-16.7% | $0.12 |
| EPS (Diluted) | -$0.79 | $0.09-10.0% | $0.10-16.7% | $0.12 |
| Diluted Shares (Avg) | 24M | 20M0.0% | 20M0.0% | 20M |
Not reported in any period shown, so not listed: R&D Expenses.
No annual filing on record for: FY2025.
TMDE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2620-F | FY2420-F | FY2320-F | FY2220-F |
|---|---|---|---|---|
| Total Assets | $125.1M | $110.1M+5.5% | $104.4M | N/A |
| Current Assets | $94.9M | $77.9M+9.4% | $71.2M | N/A |
| Cash & Equivalents | $4.0M | $16.1M+232.7% | $4.8M | N/A |
| Short-Term Investments | $0 | $0n/m | $0 | N/A |
| Inventory | $9.5M | $9.7M-38.9% | $15.8M | N/A |
| Accounts Receivable | $29.3M | $20.3M-9.9% | $22.6M | N/A |
| Long-Term Investments | $0 | $0n/m | $0 | N/A |
| Goodwill | N/A | N/A | $1K | N/A |
| Total Liabilities | $122.0M | $91.0M+10.7% | $82.2M | N/A |
| Current Liabilities | $121.5M | $90.4M+10.8% | $81.6M | N/A |
| Non-Current Liabilities | $549K | $568K-8.3% | $620K | N/A |
| Long-Term Debt | $469K | $504K-8.8% | $553K | N/A |
| Total Equity | $2.6M | $17.9M+2.5% | $17.4M | N/A |
| Retained Earnings | -$10.4M | $12.6M+71.4% | $7.3M | N/A |
No annual filing on record for: FY2025.
TMDE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2620-F | FY2420-F | FY2320-F | FY2220-F |
|---|---|---|---|---|
| Operating Cash Flow | $10.6M | -$24.3M-3812.9% | $654K+26.2% | $519K |
| Depreciation & Amortization | $4.9M | $4.8M+12.5% | $4.3M+42.7% | $3.0M |
| Capital Expenditures | $3.1M | $3.8M+19.1% | $3.1M-52.3% | $6.6M |
| Free Cash Flow | $7.5M | -$28.0Mn/m | -$2.5Mn/m | -$6.1M |
| Investing Cash Flow | -$4.4M | -$16.0Mn/m | -$3.1Mn/m | -$6.6M |
| Financing Cash Flow | -$9.5M | $50.9Mn/m | -$2.5M-130.9% | $8.0M |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
No annual filing on record for: FY2025.
TMDE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2620-F | FY2420-F | FY2320-F | FY2220-F |
|---|---|---|---|---|
| Gross Margin | 0.6% | 2.3%+0.4pp | 1.9%0.0pp | 1.9% |
| Operating Margin | -2.4% | 0.9%+0.5pp | 0.4%-0.2pp | 0.6% |
| Net Margin | -3.4% | 0.3%-0.1pp | 0.3%0.0pp | 0.3% |
| Return on Equity | -716.3% | 10.5%-0.9pp | 11.4% | N/A |
| Return on Assets | -14.9% | 1.7%-0.2pp | 1.9% | N/A |
| Current Ratio | 0.78 | 0.860.0x | 0.87 | N/A |
| Debt-to-Equity | 0.18 | 0.030.0x | 0.03 | N/A |
| Liabilities-to-Equity | 46.89 | 5.09+0.4x | 4.71 | N/A |
| Asset Turnover | 4.36 | 6.25+0.2x | 6.06 | N/A |
| FCF Margin | 1.4% | -4.1%-3.7pp | -0.4%+0.5pp | -0.9% |
No annual filing on record for: FY2025.
Note: The current ratio is below 1.0 (0.78), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| TMD Energy Limited TMDE | FY2026 | $545.0M | -$18.6M | -3.4% | $14.5M | 28/100 |
| TOP Ships Inc. TOPS | FY2025 | $80.4M | $3.1M | 3.8% | $2.3M | 47/100 |
| Pyxis Tankers Inc. PXS | FY2025 | $39.0M | $2.0M | 5.1% | $72.7M | 41/100 |
| CBL International Limited BANL | FY2025 | $538.5M | -$3.0M | -0.6% | $6.8M | 33/100 |
| Robin Energy Ltd. RBNE | FY2025 | $9.9M | -$45K | -0.5% | $185K | 41/100 |
Where TMD Energy Limited Ranks
Frequently Asked Questions
What is TMD Energy Limited's annual revenue?
TMD Energy Limited (TMDE) reported $545.0M in total revenue for fiscal year 2026. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is TMD Energy Limited profitable?
No, TMD Energy Limited (TMDE) reported a net loss of $18.6M in fiscal year 2026, with a net profit margin of -3.4%.
What is TMD Energy Limited's EBITDA?
TMD Energy Limited (TMDE) had EBITDA of -$8.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does TMD Energy Limited have?
As of fiscal year 2026, TMD Energy Limited (TMDE) had $4.0M in cash and equivalents against $469K in long-term debt.
What is TMD Energy Limited's gross margin?
TMD Energy Limited (TMDE) had a gross margin of 0.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is TMD Energy Limited's operating margin?
TMD Energy Limited (TMDE) had an operating margin of -2.4% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is TMD Energy Limited's net profit margin?
TMD Energy Limited (TMDE) had a net profit margin of -3.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is TMD Energy Limited's return on equity (ROE)?
TMD Energy Limited (TMDE) has a return on equity of -716.3% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is TMD Energy Limited's free cash flow?
TMD Energy Limited (TMDE) generated $7.5M in free cash flow during fiscal year 2026. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is TMD Energy Limited's operating cash flow?
TMD Energy Limited (TMDE) generated $10.6M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are TMD Energy Limited's total assets?
TMD Energy Limited (TMDE) had $125.1M in total assets as of fiscal year 2026, including both current and long-term assets.
What are TMD Energy Limited's capital expenditures?
TMD Energy Limited (TMDE) invested $3.1M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is TMD Energy Limited's current ratio?
TMD Energy Limited (TMDE) had a current ratio of 0.78 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is TMD Energy Limited's debt-to-equity ratio?
TMD Energy Limited (TMDE) had a debt-to-equity ratio of 0.18 as of fiscal year 2026. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is TMD Energy Limited's liabilities-to-equity ratio?
TMD Energy Limited (TMDE) had a liabilities-to-equity ratio of 46.89 as of fiscal year 2026, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is TMD Energy Limited's return on assets (ROA)?
TMD Energy Limited (TMDE) had a return on assets of -14.9% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is TMD Energy Limited's P/E ratio?
TMD Energy Limited (TMDE) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $14.5M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is TMD Energy Limited's price-to-sales ratio?
TMD Energy Limited (TMDE) trades at 0.0x sales, its market capitalization divided by $545.0M revenue, FY2026. The market capitalization is $14.5M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is TMD Energy Limited's Altman Z-Score?
TMD Energy Limited (TMDE) has an Altman Z-Score of 3.72, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is TMD Energy Limited's Piotroski F-Score?
TMD Energy Limited (TMDE) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are TMD Energy Limited's earnings high quality?
TMD Energy Limited (TMDE) reported a net loss of $18.6M while generating $10.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can TMD Energy Limited cover its interest payments?
TMD Energy Limited (TMDE) reported an operating loss of $12.9M against $5.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is TMD Energy Limited?
TMD Energy Limited (TMDE) scores 28 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.