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| Date | Value |
|---|---|
| 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 |