Top Ships (TOPS) Enterprise Value (2009 - 2025)
Top Ships (TOPS) posted Enterprise Value of -$20.4 million for Q4 2025, down 192.24% on a QoQ basis from -$7.0 million in Q2 2025, and down 579.07% year-on-year from $4.3 million in Q4 2024.
Top Ships (TOPS) Enterprise Value (2009 - 2025) Analysis & Trends
Top Ships has disclosed Enterprise Value across 17 years of filings, most recently posting -$20.4 million for Q4 2025.
- Enterprise Value for Q4 2025 came in at -$20.4 million, down 579.07% year-over-year; the trailing twelve-month figure through Dec 2025 was -$20.4 million (down 579.07% YoY), and the FY2025 annual result was -$20.4 million, down 579.07% from the prior year.
- Enterprise Value came in at -$20.4 million for Q4 2025 at Top Ships, down from -$7.0 million in the prior quarter.
- Over the last five years, Enterprise Value for TOPS reached as high as -$2.4 million in Q4 2021 and fell as low as -$36.0 million in Q4 2023.
- Median Enterprise Value over the past 5 years was -$11.9 million (2022), compared with a mean of -$13.8 million.
- Year-over-year, Enterprise Value slumped 766.84% in 2022 and surged 91.66% in 2024.
- Over 5 years, Enterprise Value stood at -$2.4 million in 2021, then tumbled by 766.84% to -$20.5 million in 2022, then tumbled by 75.02% to -$36.0 million in 2023, then jumped by 91.66% to -$3.0 million in 2024, then plunged by 579.07% to -$20.4 million in 2025.
- Per Business Quant, the three latest TOPS Enterprise Value figures stand at -$20.4 million (Q4 2025), -$7.0 million (Q2 2025), and -$3.0 million (Q4 2024).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 700.77 Mn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.08 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | -1.15 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | -719.00 Mn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 32.40 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | -1.51 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | -131.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | -282.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | -58.00 Mn |
| 10 | Top Ships | 35,420.00 | 35,420.00 | - | -20.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -20.37 Mn |
| Jun 30, 2025 | -6.97 Mn |
| Dec 31, 2024 | -3.00 Mn |
| Jun 30, 2024 | -20.80 Mn |
| Dec 31, 2023 | -35.96 Mn |
| Jun 30, 2023 | -9.63 Mn |
| Dec 31, 2022 | -20.54 Mn |
| Jun 30, 2022 | -14.27 Mn |
| Dec 31, 2021 | -2.37 Mn |
| Jun 30, 2021 | -23.33 Mn |
| Dec 31, 2020 | -19.33 Mn |
| Jun 30, 2020 | -5.61 Mn |
| Dec 31, 2019 | -4.49 Mn |
| Jun 30, 2019 | -3.56 Mn |
| Dec 31, 2018 | -416,000.00 |
| Jun 30, 2018 | -35.10 Mn |
| Dec 31, 2017 | -26.23 Mn |
| Jun 30, 2017 | -2.48 Mn |
| Dec 31, 2016 | -3.08 Mn |
| Jun 30, 2016 | -2.55 Mn |