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| 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 |