Top Ships (TOPS) Enterprise Value (2019 - 2025)
Top Ships (TOPS) posted Enterprise Value of -$12.3 million for Q4 2025, down 922.52% on a QoQ basis from $1.5 million in Q2 2025, and down 1106.92% year-over-year from $1.2 million in Q4 2024.
Analysis
Top Ships (TOPS) Enterprise Value (2019 - 2025) Analysis & Trends
Top Ships has reported Enterprise Value for 7 years, with the latest figure at -$12.3 million in Q4 2025.
- On a quarterly basis, Enterprise Value fell 1106.92% year-over-year to -$12.3 million in Q4 2025; TTM through Dec 2025 was -$12.3 million, a 1106.92% decrease from a year earlier, with the FY2025 full-year figure at -$12.3 million, down 1106.92% from the prior year.
- Enterprise Value was -$12.3 million for Q4 2025 at Top Ships, down from $1.5 million in the prior quarter.
- The five-year high for Enterprise Value was $31.1 million in Q4 2021, with the low at -$24.8 million in Q2 2023.
- Average Enterprise Value over 5 years is -$2.0 million, with a median of -$2.1 million recorded in 2022.
- The sharpest annual moves came in 2021 and 2025: Enterprise Value surged 506.61% in 2021, then plunged 1106.92% in 2025.
- Over 5 years, Enterprise Value stood at $31.1 million in 2021, then tumbled by 153.69% to -$16.7 million in 2022, then soared by 52.91% to -$7.9 million in 2023, then surged by 115.49% to $1.2 million in 2024, then slumped by 1106.92% to -$12.3 million in 2025.
- The last three Enterprise Value figures came in at -$12.3 million (Q4 2025), $1.5 million (Q2 2025), and $1.2 million (Q4 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn |
| 10 | Top Ships | 1.31 Mn | 1.31 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -12.26 Mn |
| Jun 30, 2025 | 1.49 Mn |
| Dec 31, 2024 | 1.22 Mn |
| Jun 30, 2024 | 1.02 Mn |
| Dec 31, 2023 | -7.86 Mn |
| Jun 30, 2023 | -24.81 Mn |
| Dec 31, 2022 | -16.69 Mn |
| Jun 30, 2022 | -5.13 Mn |
| Dec 31, 2021 | 31.09 Mn |
| Jun 30, 2021 | 12.30 Mn |
| Dec 31, 2020 | 9.13 Mn |
| Jun 30, 2020 | -3.02 Mn |
| Dec 31, 2019 | 53.28 Mn |