Company Overview
Top Ships Inc. owns and operates tanker vessels in Greece and internationally. The company transports crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2025, it had a fleet with a total capacity of 857,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, one 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers. The company was formerly known as Top Tankers Inc. and changed its name to Top Ships Inc. in December 2007. Top Ships Inc. was incorporated in 2000 and is based in Athens, Greece.
Why Investors Should Care
Operating margin of 45.6% supports profitability.
Recent Developments
- Dec 2025 Revenue of $80.42M (-6.6% YoY); net profit $3.09M.
- Trailing 12 Months Year-on-year growth — revenue -41.9%, earnings -62.5%.
- 5-Year Trend Long-term compounding — revenue CAGR -0.1%, profit CAGR -45.4%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | -0.10% |
| 1 Year: | -41.90% |
Compounded Profit Growth
| 5 Years: | -45.39% |
| 1 Year: | -62.50% |
Stock Price Performance
| 1 Year: | -87.93% |
| 6 Months: | -81.35% |
| 3 Months: | -16.06% |
| 1 Month: | -2.80% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)42.02 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
No notable strengths flagged.
CONS
- Revenue declined at -0.1% CAGR over 5 years.
- Earnings shrank at -45.4% CAGR over 5 years.
- Trading 88.0% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Energy).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TOPS Top Ships Inc. | 0.74 | -2.11 | $5.63M | 0.00% | 8.94% | 1.82% | -0.10% | -45.39% |
| 2 | XOM ExxonMobil Holdings Corporation SPXR3K | 160.66 | 20.68 | $660.62B | 2.52% | 9.01% | 12.58% | 0.48% | -1.99% |
| 3 | CVX Chevron Corporation SPXR3K | 209.80 | 20.19 | $411.54B | 3.39% | - | 12.23% | -1.00% | -2.30% |
| 4 | TTE TotalEnergies SE | 90.10 | 11.28 | $199.03B | 4.63% | 10.04% | 14.48% | -11.53% | -13.84% |
| 5 | COP ConocoPhillips SPXR3K | 135.04 | 17.86 | $162.23B | 2.49% | 10.31% | 14.18% | -9.11% | -24.66% |
| 6 | MPC Marathon Petroleum Corporation SPXR3K | 397.77 | 13.80 | $116.12B | 0.95% | 12.90% | 42.10% | 6.91% | 14.73% |
| 7 | BP BP p.l.c. | 44.88 | 21.47 | $115.58B | 4.49% | 7.99% | 8.87% | -7.78% | - |
| 8 | ENB Enbridge Inc. | 50.48 | 26.99 | $110.25B | 5.55% | 5.84% | 9.22% | 6.94% | 35.62% |
| 9 | VLO Valero Energy Corporation SPXR3K | 369.75 | 15.43 | $106.46B | 1.16% | 9.83% | 27.64% | 6.23% | -4.61% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | - | 80.66M | 82.95M | 86.13M | 80.42M |
| Cost of Revenue | - | 44.41M | 45.33M | 48.45M | 43.47M |
| Gross Profit | - | 36.25M | 37.62M | 37.68M | 36.95M |
| Operating Expenses | - | 3.71M | 8.90M | 9.77M | 10.67M |
| Operating Income | - | 32.54M | 28.73M | 27.90M | 26.28M |
| EBITDA | - | 52.52M | 51.33M | 50.05M | 41.06M |
| Interest Expense | - | 11.71M | 21.68M | 21.87M | 16.03M |
| Pretax Income | - | 18.95M | 6.07M | 5.03M | 3.09M |
| Tax Provision | - | - | - | - | - |
| Net Income | - | 18.95M | 6.07M | 5.03M | 3.09M |
| Diluted EPS | - | -36.36 | -12.44 | 1.09 | 0.67 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 469.34M | 459.19M | 422.77M | 333.61M |
| Current Assets | - | 22.89M | 38.73M | 23.44M | 24.05M |
| Cash & Equivalents | - | 20.54M | 35.96M | 7.63M | 20.37M |
| Inventory | - | 1.03M | 915.00K | 983.00K | 564.00K |
| Receivables | - | 8.00K | 317.00K | 1.11M | 1.54M |
| Total Liabilities | - | 272.31M | 275.81M | 278.35M | 244.42M |
| Current Liabilities | - | 32.23M | 41.37M | 33.19M | 39.55M |
| Long Term Debt | - | 224.64M | 228.08M | 245.06M | 204.79M |
| Total Debt | - | 260.93M | 260.83M | 265.62M | 216.61M |
| Total Equity | - | 197.02M | 183.38M | 144.42M | 89.19M |
| Shares Outstanding | - | 857.91K | 4.63M | 4.63M | 4.63M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 33.42M | 28.93M | 17.32M | 26.43M |
| Investing Cash Flow | - | -142.66M | 2.52M | -12.40M | -1.31M |
| Financing Cash Flow | - | 127.41M | -16.04M | -33.25M | -14.51M |
| Capital Expenditure | -115.51M | -216.71M | - | - | -9.31M |
| Free Cash Flow | - | -183.29M | 28.93M | 17.32M | 17.12M |
| Net Change in Cash | - | 18.17M | 15.41M | -28.33M | 10.61M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Gross Margin % | - | 44.9% | 45.4% | 43.7% | 45.9% |
| Operating Margin % | - | 40.3% | 34.6% | 32.4% | 32.7% |
| Net Margin % | - | 23.5% | 7.3% | 5.8% | 3.8% |
| ROE % | - | 9.6% | 3.3% | 3.5% | 3.5% |
| ROCE % | - | 7.4% | 6.9% | 7.2% | 8.9% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | HRT Financial LP | 2.41% | 111.60K | $79.46K |
| 2 | UBS Group AG | 1.16% | 53.71K | $38.24K |
| 3 | Virtu Financial LLC | 0.75% | 34.78K | $24.76K |
| 4 | Jane Street Group, LLC | 0.37% | 17.35K | $12.35K |
| 5 | Susquehanna International Group, LLP | 0.36% | 16.70K | $11.89K |
| 6 | Cetera Investment Advisers | 0.28% | 12.90K | $9.18K |
| 7 | Two Sigma Securities, LLC | 0.26% | 12.02K | $8.56K |
| 8 | Highline Wealth Partners LLC | 0.04% | 2.00K | $1.42K |
| 9 | Tower Research Capital LLC (TRC) | 0.04% | 1.73K | $1.23K |
| 10 | Royal Bank of Canada | - | 6 | $4 |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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TOPS — Frequently Asked Questions
What is the current share price of Top Ships Inc. (TOPS)?
As of 2026-09-19 21:16 PDT, Top Ships Inc. (TOPS) trades at $0.74 on NYSE American. Its 52-week range is $0.63 to $6.16.
What is the market capitalisation of TOPS?
Top Ships Inc. (TOPS) has a market capitalisation of $5.63M on NYSE American.
What is the P/E ratio of TOPS?
TOPS trades at a trailing price-to-earnings (P/E) ratio of -2.11. The industry average P/E is 15.76. Its price-to-book (P/B) ratio is 0.04.
What is the return on equity (ROE) of TOPS?
TOPS has a return on equity (ROE) of 1.82%. Its return on capital employed (ROCE) is 8.94%.
Is TOPS a good stock to buy?
This page provides a data-driven analysis of Top Ships Inc. (TOPS), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.