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

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

Historic Data

Download Data
DateValue
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