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TOP SHIPS INC.

TOPS

$0.73 0.00 (+0.36%) at close

16 Visible periods

30 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Neutral

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Analytical Summary

TOP SHIPS INC. shows mixed fundamentals. On the positive side, Operating Margin (%) remains strong. Consider comparing against peers in the Industrials sector before making investment decisions.

Market Cap $3.4M

Dividend Yield —

Revenue Growth None

Op. Margin 32.7%

ROIC 6.8% ↗

FCF / Share $5.71 ↗

Trailing P/E 1.1x

Price / Book 0.0x

FCF Yield 782.7%

Debt / Equity 2.43

info Valuation on last close. End-of-day price, Aug 6, 2026.

16-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$80.42M

— -0.3% —

Net Income Profit after all expenses

$3.09M

↓ -38.7% —

Operating Margin Operating profit as % of sales

32.7%

↓ -19.2% 89th

FCF / Share Free cash flow per share

$5.71

↑ +52.6% —

Long-Term Debt Long-term obligations

$216.61M

↓ -16.4% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability ↑

Returns ↓

Financial Health →

Cash Quality ↑

Financial view

Statement lens

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗
Revenue Growth YoY (%)	—	—	—	43.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+762%)	-6.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-228%)	-8.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-278%)	61.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1120%)	4.3% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-14%)	38.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+669%)	117.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2249%)	263.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+5160%)	-82.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1741%)	-36.1% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-823%)	-60.6% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1312%)	—	—
EPS Growth YoY (%)	-38.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	65.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	N/M	284.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	87.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-38.7% Weak ↓ Weak Declining Year-over-year change in net income	-17.0% Weak ↓ Weak Declining Year-over-year change in net income	-68.0% Weak ↓ Weak Declining Year-over-year change in net income	119.9% Excellent ↑ Excellent Improving Year-over-year change in net income	N/M	-54.5% Weak ↑ Weak Improving Year-over-year change in net income	-32.7% Weak ↑ Weak Improving Year-over-year change in net income	16.8% Good ↑ Good Improving Year-over-year change in net income	-3709.7% Weak ↓ Weak Declining Year-over-year change in net income	95.9% Excellent Excellent Year-over-year change in net income	N/M	105.7% Excellent Excellent Year-over-year change in net income	N/M	66.2% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	52.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-76.7% Weak Weak Year-over-year change in free cash flow	-87.9% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	—	—	69.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	N/M	41.5% Excellent Excellent Year-over-year change in free cash flow	-63.6% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-0.1% Weak Weak Compound annual revenue growth over 3 years	—	—	6.9% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	11.2% Good ↓ Good Declining Compound annual revenue growth over 3 years	15.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	32.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	46.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	121.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	12.3% Good ↑ Good Improving Compound annual revenue growth over 3 years	-25.3% Weak Weak Compound annual revenue growth over 3 years	-64.4% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	6.0% Fair Fair Compound annual revenue growth over 5 years	—	—	15.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	14.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	35.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	78.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	15.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	4.6% Fair Fair Compound annual revenue growth over 5 years	-18.6% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗
Operating Margin (%) (%)	32.7% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+172%)	—	—	40.4% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+237%)	26.3% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+119%)	-3.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-125%)	6.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-50%)	-9.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-179%)	4.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-66%)	17.1% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+42%)	-56.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-573%)	-16.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-236%)	46.0% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+283%)	-167.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1499%)	-214.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1888%)	—
Profit Margin (%) (%)	3.8% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-52%)	—	—	23.5% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+194%)	15.3% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+91%)	-37.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-574%)	-22.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-379%)	-27.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-439%)	-34.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-525%)	-1.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-115%)	-65.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-913%)	80.4% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+905%)	7.0% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	-203.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2645%)	-237.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3065%)	—
FCF Margin (%) (%)	32.9% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	—	41.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	28.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	10.0% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-43.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	1.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-86.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	23.6% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	-10.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-81.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	15.3% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	48.1% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	19.3% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	8.56x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	3.44x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	4.77x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.76x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.86x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.26x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.96x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.06x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	2.54x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-19.10x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.16x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.01x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.18x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.24x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-0.08x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗
Return on Invested Capital (%)	6.8% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.5% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.0% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	7.5% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	6.1% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-0.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-1.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	3.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-9.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-0.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	49.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-318.8% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-176.2% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	7.9% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	6.3% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	7.0% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	-0.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.9% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-1.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-9.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	33.1% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	—	—	—
Return on Common Equity (%) (%)	3.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-77%)	3.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-77%)	4.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-71%)	17.1% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+14%)	9.2% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-38%)	-18.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-226%)	-16.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-212%)	-10.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-171%)	-12.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-184%)	-0.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-105%)	-24.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-266%)	6.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-55%)	9.5% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-37%)	—	-246.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1744%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗
Debt to Equity (x)	2.43x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+247%)	1.80x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+156%)	1.72x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+146%)	2.11x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+202%)	1.04x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+49%)	0.87x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+24%)	3.18x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+355%)	1.07x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+53%)	0.88x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+26%)	1.77x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+152%)	0.75x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+7%)	0.42x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-40%)	—	11.50x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1543%)	—	—
Interest Coverage (x)	1.48x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.36x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.58x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.74x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.80x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-0.08x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.21x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.34x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.10x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	1.29x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-6.35x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.89x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	2.05x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-7.29x Weak Weak Operating income divided by interest expense Optimal: > 5x	-16.99x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$196.24M	$251.63M	$204.54M	$213.17M	$95.00M	$85.29M	$274.62M	$111.51M	$69.69M	$80.33M	$22.88M	$18.01M	$-9.71M	$150.40M	—	—
Debt / EBITDA (x)	8.24x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.29x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.58x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.09x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.33x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	9.19x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	17.09x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	44.61x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	12.74x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	9.68x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-3.86x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	62.31x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	-3.74x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗
Revenue per Share (USD)	$17.38	—	—	$320.31	—	$617.04	$5.44K	$544.02	$8.92K	—	$1.56K	$669.81	$1.98K	$445.74	$3.05K	—
Basic EPS, GAAP (USD)	$0.67	$1.09	$-12.44	$-36.51	—	—	—	—	—	—	$-1.01K	$537.35	$139.76	$-908.43	$-7.23K	—
Free Cash Flow per Share (USD)	$5.71	$3.74	$16.08	$132.72	—	$61.89	—	$9.49	—	—	$-166.23	$-542.43	$303.51	$214.48	$589.46	—
Book Value per Share (USD)	$19.28	$31.22	$30.15	$129.52	$563.95	$730.18	$2.43K	$1.09K	$2.86K	—	$3.96K	$5.40K	$1.44K	$183.79	$2.93K	—
Tangible Book Value per Share (USD)	$19.28	$31.22	$30.15	$129.52	$563.95	$730.18	$2.43K	$1.09K	$2.86K	—	$3.96K	$5.40K	$1.44K	$183.79	$2.93K	—
Basic Weighted Avg Shares (shares)	4.63M	4.63M	1.80M	251,804	—	97,598	12,150	75,453	4,413	0	8,380	5,378	10,115	70,507	26,164	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗
Working Capital (USD)	$-15.51M	$-9.76M	$-2.64M	$-9.34M	$-31.75M	$19.67M	$-24.68M	$-31.53M	$3.47M	$-15.49M	$-13.01M	$-8.11M	$1.66M	$-166.90M	—	—
LT Debt (USD)	$216.61M	$259.26M	$240.50M	$233.71M	$97.37M	$104.62M	$279.03M	$111.57M	$93.77M	$80.45M	$25.55M	$18.01M	—	—	—	—
Total Equity (USD)	$89.19M	$144.42M	$139.46M	$110.67M	$93.22M	$120.70M	$87.67M	$104.28M	$106.09M	$45.52M	$34.15M	$42.53M	$14.79M	$13.08M	$76.68M	$255.48M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗
Sales/Revenue/Turnover (USD)	$80.42M	—	—	$80.66M	$56.37M	$60.22M	$66.09M	$41.05M	$39.36M	$28.43M	$13.07M	$3.60M	$20.07M	$31.43M	$79.72M	—
Depreciation Expense (USD)	—	$13.34M	$14.35M	$13.29M	$7.67M	$13.17M	$12.39M	$6.39M	$5.74M	$3.47M	$795.00K	$877.00K	$6.76M	$12.51M	$27.16M	—
Net Income, GAAP (USD)	$3.09M	$5.03M	$6.07M	$18.95M	$8.62M	$-22.82M	$-14.77M	$-11.13M	$-13.37M	$-351.00K	$-8.51M	$2.90M	$1.41M	$-63.98M	$-189.11M	—
Operating Cash Flow (USD)	$26.43M	$17.32M	$28.93M	$33.42M	$16.06M	$6.04M	$19.19M	$716.00K	$695.00K	$6.70M	$-1.39M	$-2.80M	$3.07M	$15.13M	$15.78M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 16 years · 16 quarters

TOP SHIPS INC.

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