# Top Ships Inc. (TOPS)

Source page: https://stoqly.net/companies/tops

- **Ticker:** TOPS (NYSE)
- **Sector:** Industrials / Deep Sea Foreign Transportation Of  Freight
- **SEC CIK:** 0001296484
- **Latest annual report:** 20-F filed 2026-04-01 (https://www.sec.gov/Archives/edgar/data/1296484/000114036126012456/ef20060828_20f.htm)
- **Data updated:** 2026-11-01

## Key figures

- **Last close:** $0.30 on 2026-10-30
- **Market cap:** $1.4M
- **P/E (trailing):** 0.4x
- **EPS, trailing 12 months:** $0.67
- **Revenue (FY2025):** $80.4M
- **Revenue growth, 5-year CAGR:** +6.0%
- **Operating margin:** 32.7%
- **Net margin:** 3.8%
- **Return on invested capital:** 7.3%
- **Return on equity:** 2.6%
- **Net debt:** $196M
- **Change in share count:** 0.0%
- **Piotroski F-score:** 4/9
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $0.0M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/tops/figures.csv

| US$ millions | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| Revenue | 28 | 39 | 41 | 66 | 60 | 56 | 81 | — | — | 80 |
| Operating income | 5 | 2 | -4 | 4 | -2 | 15 | 33 | 29 | 28 | 26 |
| Net income | 0 | -13 | -11 | -15 | -23 | 9 | 19 | 6 | 5 | 3 |
| Diluted EPS (US$) | -0.09 | -251.00 | -306.20 | -264.63 | -24.48 | 32.51 | -36.34 | -12.44 | 1.09 | 0.67 |
| Operating cash flow | 7 | 1 | 1 | 19 | 6 | 16 | 33 | 29 | 17 | 26 |
| Free cash flow | -67 | -34 | 1 | -29 | 6 | 16 | — | — | — | — |
| Cash | 0 | 24 | 0 | 4 | 19 | 2 | 21 | 36 | 8 | 20 |
| Debt and leases | 80 | 94 | 112 | 279 | 105 | 97 | 234 | 240 | 259 | 217 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.