Top Ships (TOPS) Assets (2009 - 2025)
Top Ships (TOPS) posted quarterly Assets of $333.6 million for Q4 2025, down 21.09% year-on-year from $422.8 million in Q4 2024, and down 21.69% on a QoQ basis from $426.0 million in Q2 2025.
Top Ships (TOPS) Assets (2009 - 2025) Analysis & Trends
Top Ships (TOPS) has reported Assets for 17 consecutive years, with $333.6 million the latest figure, recorded in Q4 2025.
- Quarterly Assets fell 21.09% year-over-year to $333.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $333.6 million (down 21.09% YoY) and the FY2025 annual result came in at $333.6 million, down 21.09% from the prior year.
- Assets eased to $333.6 million in Q4 2025 per TOPS's latest filing, from $426.0 million in the prior quarter.
- Over the last five years, Assets for TOPS reached as high as $475.4 million in Q2 2022 and fell as low as $330.8 million in Q4 2021.
- A 5-year average of $414.7 million and a median of $428.1 million in 2024 frame the typical range for Assets.
- Annual changes were most pronounced in 2022 — Assets surged 41.88% — and 2025, when it declined 21.09%.
- Year by year, Assets stood at $330.8 million in 2021, then soared by 41.88% to $469.3 million in 2022, then declined by 2.16% to $459.2 million in 2023, then fell by 7.93% to $422.8 million in 2024, then decreased by 21.09% to $333.6 million in 2025.
- According to Business Quant data, Assets over the past three periods registered $333.6 million, $426.0 million, and $422.8 million for Q4 2025, Q2 2025, and Q4 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Assets (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 1.79 Bn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 2.58 Bn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 74.06 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 166.41 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 80.56 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 85.15 Bn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 147.48 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 27.11 Bn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 68.20 Bn |
| 10 | Top Ships | 4.15 Mn | 4.15 Mn | - | 333.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 333.61 Mn |
| Jun 30, 2025 | 426.00 Mn |
| Dec 31, 2024 | 422.77 Mn |
| Jun 30, 2024 | 430.22 Mn |
| Dec 31, 2023 | 459.19 Mn |
| Jun 30, 2023 | 446.22 Mn |
| Dec 31, 2022 | 469.34 Mn |
| Jun 30, 2022 | 475.41 Mn |
| Dec 31, 2021 | 330.79 Mn |
| Jun 30, 2021 | 353.08 Mn |
| Dec 31, 2020 | 293.03 Mn |
| Jun 30, 2020 | 430.65 Mn |
| Dec 31, 2019 | 444.89 Mn |
| Jun 30, 2019 | 423.05 Mn |
| Dec 31, 2018 | 258.49 Mn |
| Jun 30, 2018 | 863,000.00 |
| Dec 31, 2017 | 220.45 Mn |
| Jun 30, 2017 | 187.27 Mn |
| Dec 31, 2016 | 143.32 Mn |
| Jun 30, 2016 | 121.67 Mn |