Top Ships (TOPS) Common Equity (2009 - 2025)

Top Ships (TOPS) posted quarterly Common Equity of $89.2 million for Q4 2025, down 38.24% year-on-year from $144.4 million in Q4 2024, and down 29.85% on a QoQ basis from $127.1 million in Q2 2025.

Top Ships (TOPS) Common Equity (2009 - 2025) Analysis & Trends

Top Ships (TOPS) has reported Common Equity for 17 consecutive years, with $89.2 million the latest figure, recorded in Q4 2025.

  • Quarterly Common Equity fell 38.24% year-over-year to $89.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $89.2 million (down 38.24% YoY) and the FY2025 annual result came in at $89.2 million, down 38.24% from the prior year.
  • Common Equity slipped to $89.2 million in Q4 2025 per TOPS's latest filing, from $127.1 million in the prior quarter.
  • Over the last five years, Common Equity for TOPS reached as high as $144.4 million in Q4 2024 and fell as low as $88.6 million in Q2 2022.
  • A 5-year average of $117.1 million and a median of $118.6 million in 2021 frame the typical range for Common Equity.
  • Annual changes were most pronounced in 2023 — Common Equity surged 41.72% — and 2025, when it slumped 38.24%.
  • Year by year, Common Equity stood at $93.2 million in 2021, then increased by 18.72% to $110.7 million in 2022, then increased by 26.02% to $139.5 million in 2023, then rose by 3.55% to $144.4 million in 2024, then tumbled by 38.24% to $89.2 million in 2025.
  • According to Business Quant data, Common Equity over the past three periods registered $89.2 million, $127.1 million, and $144.4 million for Q4 2025, Q2 2025, and Q4 2024 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Common Equity (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 1.23 Bn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn 698.20 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 32.88 Bn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 49.41 Bn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 30.84 Bn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 19.57 Bn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 49.74 Bn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 200,000.00
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 22.36 Bn
10 Top Ships 4.15 Mn 4.15 Mn - 89.19 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 89.19 Mn
Jun 30, 2025 127.14 Mn
Dec 31, 2024 144.42 Mn
Jun 30, 2024 141.34 Mn
Dec 31, 2023 139.46 Mn
Jun 30, 2023 125.55 Mn
Dec 31, 2022 110.67 Mn
Jun 30, 2022 88.59 Mn
Dec 31, 2021 93.22 Mn
Jun 30, 2021 111.66 Mn
Dec 31, 2020 120.70 Mn
Jun 30, 2020 126.68 Mn
Dec 31, 2019 87.67 Mn
Jun 30, 2019 93.72 Mn
Dec 31, 2018 104.28 Mn
Jun 30, 2018 98.67 Mn
Dec 31, 2017 107.27 Mn
Jun 30, 2017 73.54 Mn
Dec 31, 2016 45.52 Mn
Jun 30, 2016 38.59 Mn