Top Ships Inc.
TOPS NYSE· Deep Sea Foreign Transportation Of Freight
Last close · Oct 30, 2026
$0.30
KIRA · Stoqly’s AI analyst, in plain words
- Top Ships Inc. had $80.4M of revenue in fiscal 2025. Over five years, revenue changed +6.0% a year on average.
- Its operating margin was 32.7%: of every 100 in sales, about 33 is left after running the business.
- Top Ships Inc. made $3.1M of net profit in fiscal 2025.
- Top Ships Inc. owes $196M more than it holds in cash.
Market cap
$1.4M
P/E
0.4x
Revenue
$80.4M
Net income
$3.1M
Free cash flow
—
Operating margin
32.7%
Top Ships Inc. in 30 seconds · fiscal 2025
Does it make a profit?
3.8%
A little. It keeps 3.8% of every sale as profit.
Is debt under control?
$196M
Risky. It owes more than it holds in cash and has no operating profit to repay it.
How healthy are the accounts?
4 / 7
Mixed. It passes 4 of 7 health tests.
How is the share priced?
0.4x
One share costs 0.4 times its yearly profit per share.
What Top Ships Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 1, 2026
- Legal name
- TOP SHIPS INC.
- CIK
- 0001296484
Top Ships Inc. · TOPS · stoqly.net
Results and finances
The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $56.4M | $80.7M | — | — | $80.4M |
| Revenue growth | −6.4% | 43.1% | — | — | — |
| Operating margin | 26.3% | 40.4% | — | — | 32.7% |
| Net income | $8.6M | $18.9M | $6.1M | $5.0M | $3.1M |
| Net margin | 15.3% | 23.5% | — | — | 3.8% |
| Diluted EPS | $32.51 | −$36.34 | −$12.44 | $1.09 | $0.67 |
| Cash | |||||
| Cash from operations | $16.1M | $33.4M | $28.9M | $17.3M | $26.4M |
| Capital expenditure | $0.0M | — | — | — | — |
| Free cash flow | $16.1M | — | — | — | — |
| FCF margin | 28.5% | — | — | — | — |
| Share count change | −99.3% | 52.3% | 611.6% | 157.2% | 0.0% |
| Debt and strength | |||||
| Cash and short-term investments | $2.4M | $20.5M | $36.0M | $7.6M | $20.4M |
| Debt incl. finance leases | $97.4M | $234M | $240M | $259M | $217M |
| Shareholders' equity | $93.2M | $111M | $139M | $144M | $89.2M |
| Net debt / EBITDA | 4.2x | 4.6x | 4.7x | 6.1x | — |
| Current ratio | 0.7x | 0.7x | 0.9x | 0.7x | 0.6x |
| Interest coverage | 1.8x | 2.7x | 1.2x | 1.2x | 1.1x |
| Returns and quality | |||||
| Return on capital | 6.2% | 8.0% | 6.6% | 5.6% | 7.3% |
| Return on equity | 8.1% | 18.6% | 4.9% | 3.5% | 2.6% |
| Return on tangible equity | 5.8% | −8.3% | −16.0% | 3.5% | 3.5% |
| Piotroski F-score | 6 | 6 | 4 | 3 | 4 |
| Altman Z'' | −3.2 | −1.4 | −1.3 | −1.5 | −2.7 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Top Ships Inc. · TOPS · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $0.30 a share, the company is worth $1.4M: 0.4 times its earnings of the last four quarters.
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001296484). Latest version: stoqly.net/companies/tops. Data updated November 1, 2026. For information only — not investment advice. Check the original filings before relying on any figure.