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

Top Ships (TOPS) recorded quarterly Common Equity of $89.2 million in Q4 2025, down 29.85% quarter-over-quarter from $127.1 million in Q2 2025, and down 38.24% on a YoY basis from $144.4 million in Q4 2024.

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

Top Ships' Common Equity history runs 17 years deep, the most recent figure standing at $89.2 million for Q4 2025.

  • In Q4 2025, Common Equity fell 38.24% year-over-year to $89.2 million; the TTM figure through Dec 2025 stood at $89.2 million (down 38.24% YoY), while the FY2025 annual figure was $89.2 million, down 38.24% from the prior year.
  • Common Equity was $89.2 million for Q4 2025 at Top Ships, down from $127.1 million in the prior quarter.
  • In the past five years, Common Equity ranged from a high of $144.4 million in Q4 2024 to a low of $88.6 million in Q2 2022.
  • Historically, Common Equity has averaged $117.1 million across 5 years, with a median of $118.6 million in 2021.
  • The sharpest annual moves came in 2023 and 2025: Common Equity jumped 41.72% in 2023, then tumbled 38.24% in 2025.
  • A 5-year view of Common Equity shows it stood at $93.2 million in 2021, then climbed by 18.72% to $110.7 million in 2022, then climbed by 26.02% to $139.5 million in 2023, then grew by 3.55% to $144.4 million in 2024, then tumbled by 38.24% to $89.2 million in 2025.
  • The last three Common Equity figures came in at $89.2 million (Q4 2025), $127.1 million (Q2 2025), and $144.4 million (Q4 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Common Equity (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 47.38 Bn
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 29.53 Bn
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 31.32 Bn
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 49.74 Bn
5 Scorpio Tankers 59.17 Bn 58.19 Bn - 3.41 Bn
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 14.30 Bn
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 3.14 Bn
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 22.36 Bn
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 26.46 Bn
10 Top Ships 4.27 Mn -16.11 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