TOP SHIPS INC.
TOPS
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.
16-Year Financial Trajectory
QuarterlyBullish Indicators
- Operating Margin (%)Operating Margin (%) is in the top quartile
Bearish Risks
- Debt to EquityDebt to Equity is concerning (bottom quartile)
Health Breakdown
Statement lens
Choose the reporting cadence, isolate a period range, or search directly for a metric.
| Metric | Q4 FY2025 Dec 31, 2025 20-F ↗ | Q4 FY2024 Dec 31, 2024 20-F ↗ | Q4 FY2023 Dec 31, 2023 20-F ↗ | Q4 FY2022 Dec 31, 2022 20-F ↗ | Q4 FY2021 Dec 31, 2021 20-F ↗ | Q4 FY2020 Dec 31, 2020 20-F ↗ | Q4 FY2019 Dec 31, 2019 20-F ↗ | Q4 FY2018 Dec 31, 2018 20-F ↗ | Q4 FY2017 Dec 31, 2017 20-F ↗ | Q4 FY2016 Dec 31, 2016 20-F ↗ | Q4 FY2015 Dec 31, 2015 20-F ↗ | Q4 FY2014 Dec 31, 2014 20-F ↗ | Q4 FY2013 Dec 31, 2013 20-F ↗ | Q4 FY2012 Dec 31, 2012 20-F ↗ | Q4 FY2011 Dec 31, 2011 20-F ↗ | Q4 FY2010 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
Stable
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%)
|
0.61x
Fair
↓
Fair
Declining
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Below avg (-12%)
|
0.46x
Good
Good
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Below avg (-35%)
|
— |
11.50x
Weak
Weak
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+1543%)
|
— | — |
| Net Debt (USD) | $196.24M | $251.63M | $204.54M | $213.17M | $95.00M | $85.29M | $274.62M | $111.51M | $69.69M | $80.33M | $18.31M | $19.42M | $-9.71M | $150.40M | — | — |
| Metric | Q4 FY2025 Dec 31, 2025 20-F ↗ | Q4 FY2024 Dec 31, 2024 20-F ↗ | Q4 FY2023 Dec 31, 2023 20-F ↗ | Q4 FY2022 Dec 31, 2022 20-F ↗ | Q4 FY2021 Dec 31, 2021 20-F ↗ | Q4 FY2020 Dec 31, 2020 20-F ↗ | Q4 FY2019 Dec 31, 2019 20-F ↗ | Q4 FY2018 Dec 31, 2018 20-F ↗ | Q4 FY2017 Dec 31, 2017 20-F ↗ | Q4 FY2016 Dec 31, 2016 20-F ↗ | Q4 FY2015 Dec 31, 2015 20-F ↗ | Q4 FY2014 Dec 31, 2014 20-F ↗ | Q4 FY2013 Dec 31, 2013 20-F ↗ | Q4 FY2012 Dec 31, 2012 20-F ↗ | Q4 FY2011 Dec 31, 2011 20-F ↗ | Q4 FY2010 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 | $-12.31M | $-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 | $20.97M | $19.42M | — | — | — | — |
| 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 |
Secondary lens
Benchmark Lens
Compare TOPS against peers after checking the statement evidence.
Open lens
Benchmark Lens
Compare TOPS against peers after checking the statement evidence.
Signals
Key bullish and bearish indicators for TOPS
Operating Margin (%) is in the top quartile
Debt to Equity is concerning (bottom quartile)
Percentile Rankings
How TOPS compares to all companies
Peer Comparison
TOPS vs similar peers
Compare TOPS with peers
Stack TOPS against similar companies across every metric on this page.
north_east Open comparisonbar_chart Data from SEC EDGAR XBRL filings
Synced 1 week ago 16 years · 16 quarters