Top Ships TOPS
NYSE TOPS
$0.73 -0.03 (-3.95%)
At close: Sep 4, 2026 · 4:00 PM EDT

Top Ships (TOPS) EBITDA (2009 - 2022)

Top Ships (TOPS) posted EBITDA of $46.6 million for Q4 2022, up 99.94% on a QoQ basis from $23.3 million in Q4 2021, and up 99.94% year-over-year from $23.3 million in Q4 2021.

Analysis

Top Ships (TOPS) EBITDA (2009 - 2022) Analysis & Trends

Top Ships has reported EBITDA for 11 years, with the latest figure at $46.6 million in Q4 2022.

  • On a quarterly basis, EBITDA rose 99.94% year-over-year to $46.6 million in Q4 2022; TTM through Dec 2022 was $117.6 million, a 84.84% increase from a year earlier, with the FY2025 full-year figure at $38.6 million, down 6.52% from the prior year.
  • EBITDA was $46.6 million for Q4 2022 at Top Ships, up from $23.3 million in the prior quarter.
  • The five-year high for EBITDA was $46.6 million in Q4 2022, with the low at $11.3 million in Q4 2020.
  • Average EBITDA over 4 years is $29.4 million, with a median of $29.9 million recorded in 2019.
  • The sharpest annual moves came in 2020 and 2021: EBITDA tumbled 69.08% in 2020, then jumped 106.46% in 2021.
  • Over 4 years, EBITDA stood at $36.5 million in 2019, then slumped by 69.08% to $11.3 million in 2020, then surged by 106.46% to $23.3 million in 2021, then soared by 99.94% to $46.6 million in 2022.
  • The last three EBITDA figures came in at $46.6 million (Q4 2022), $23.3 million (Q4 2021), and $11.3 million (Q4 2020), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Frontline 10.27 Bn 9.94 Bn - 742.84 Mn
2 Kirby 7.43 Bn 7.39 Bn 290.80 Mn 122.36 Mn
3 Matson 6.74 Bn 6.62 Bn - 158.90 Mn
4 International Seaways 5.17 Bn 5.17 Bn 467.16 Mn 301.35 Mn
5 Hafnia 4.59 Bn 4.31 Bn 372.91 Mn 287.33 Mn
6 Cmb.Tech 4.47 Bn 4.31 Bn 970.62 Mn 655.01 Mn
7 Scorpio Tankers 4.26 Bn 2.42 Bn 343.91 Mn 300.50 Mn
8 Star Bulk Carriers 3.68 Bn 3.11 Bn 299.80 Mn 115.25 Mn
9 Torm 3.56 Bn -626.52 Mn 652.00 Mn 355.10 Mn
10 Top Ships 1.31 Mn 1.31 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2022 46.55 Mn
Dec 31, 2021 23.28 Mn
Dec 31, 2020 11.28 Mn
Dec 31, 2019 36.47 Mn
Dec 31, 2015 -7.42 Mn
Dec 31, 2014 -555,000.00
Sep 30, 2014 363,000.00
Jun 30, 2014 294,840.00
Mar 31, 2014 66,160.00
Dec 31, 2013 -2.48 Mn
Sep 30, 2013 5.72 Mn
Jun 30, 2013 5.73 Mn
Mar 31, 2013 6.69 Mn
Dec 31, 2012 -52.77 Mn
Dec 31, 2011 -171.05 Mn
Jun 30, 2011 -89.65 Mn
Mar 31, 2011 9.19 Mn
Dec 31, 2010 14.06 Mn
Sep 30, 2010 14.73 Mn
Jun 30, 2010 12.24 Mn