Top Ships (TOPS) Enterprise Value (2009 - 2025)
Top Ships (TOPS) posted quarterly Enterprise Value of -$20.4 million for Q4 2025, down 111.57% year-over-year from $176.1 million in Q4 2024, and down 70.18% quarter-over-quarter from -$12.0 million in Q2 2025.
Top Ships (TOPS) Enterprise Value (2009 - 2025) Analysis & Trends
Top Ships' Enterprise Value history runs 17 years deep, the most recent figure standing at -$20.4 million for Q4 2025.
- In Q4 2025, Enterprise Value fell 111.57% year-over-year to -$20.4 million; the TTM figure through Dec 2025 stood at -$20.4 million (down 111.57% YoY), while the FY2025 annual figure was -$20.4 million, down 111.57% from the prior year.
- Enterprise Value for Q4 2025 stood at -$20.4 million, down from -$12.0 million in the prior quarter.
- The five-year high for Enterprise Value was -$2.4 million in Q4 2021, with the low at -$36.0 million in Q4 2023.
- The 5-year median for Enterprise Value is -$20.5 million (2022), against an average of -$18.8 million.
- The sharpest annual moves came in 2021 and 2022: Enterprise Value soared 87.74% in 2021, then slumped 766.84% in 2022.
- Top Ships' Enterprise Value stood at -$2.4 million in 2021, then plunged by 766.84% to -$20.5 million in 2022, then plunged by 75.02% to -$36.0 million in 2023, then soared by 73.22% to -$9.6 million in 2024, then plunged by 111.57% to -$20.4 million in 2025.
- Business Quant data shows TOPS's Enterprise Value at -$20.4 million in Q4 2025, -$12.0 million in Q2 2025, and -$9.6 million in Q4 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.13 Bn |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 498.82 Mn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | -861.00 Mn |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | -1.03 Bn |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | -532.80 Mn |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | -1.03 Bn |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | -61.00 Mn |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 6.90 Mn |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 4.04 Bn |
| 10 | Top Ships | 4.05 Mn | 4.05 Mn | - | -20.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -20.37 Mn |
| Jun 30, 2025 | -11.97 Mn |
| Dec 31, 2024 | -9.63 Mn |
| Jun 30, 2024 | -20.80 Mn |
| Dec 31, 2023 | -35.96 Mn |
| Jun 30, 2023 | -24.54 Mn |
| Dec 31, 2022 | -20.54 Mn |
| Jun 30, 2022 | -18.27 Mn |
| Dec 31, 2021 | -2.37 Mn |
| Jun 30, 2021 | -23.33 Mn |
| Dec 31, 2020 | -19.33 Mn |
| Jun 30, 2020 | -13.27 Mn |
| Dec 31, 2019 | -4.49 Mn |
| Jun 30, 2019 | -14.01 Mn |
| Dec 31, 2018 | -1.65 Mn |
| Jun 30, 2018 | -2.65 Mn |
| Dec 31, 2017 | -22.90 Mn |
| Jun 30, 2017 | -8.09 Mn |
| Dec 31, 2016 | 484,000.00 |
| Jun 30, 2016 | -554,000.00 |