Top Ships (TOPS) Enterprise Value (2009 - 2025)
Top Ships (TOPS) recorded quarterly Enterprise Value of -$20.4 million in Q4 2025, down 192.24% quarter-over-quarter from -$7.0 million in Q2 2025, and down 579.07% on a YoY basis from $4.3 million in Q4 2024.
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 579.07% year-over-year to -$20.4 million; the TTM figure through Dec 2025 stood at -$20.4 million (down 579.07% YoY), while the FY2025 annual figure was -$20.4 million, down 579.07% from the prior year.
- Enterprise Value was -$20.4 million for Q4 2025 at Top Ships, down from -$7.0 million in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of -$2.4 million in Q4 2021 to a low of -$36.0 million in Q4 2023.
- Historically, Enterprise Value has averaged -$13.8 million across 5 years, with a median of -$11.9 million in 2022.
- The sharpest annual moves came in 2022 and 2024: Enterprise Value tumbled 766.84% in 2022, then jumped 91.66% in 2024.
- A 5-year view of Enterprise Value shows it stood at -$2.4 million in 2021, then sank by 766.84% to -$20.5 million in 2022, then sank by 75.02% to -$36.0 million in 2023, then jumped by 91.66% to -$3.0 million in 2024, then slumped by 579.07% to -$20.4 million in 2025.
- The last three Enterprise Value figures came in at -$20.4 million (Q4 2025), -$7.0 million (Q2 2025), and -$3.0 million (Q4 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 700.77 Mn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | -1.15 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 1.08 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | -719.00 Mn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -984.32 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | -1.51 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 32.40 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | -131.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 1.19 Bn |
| 10 | Top Ships | 4.27 Mn | -16.11 Mn | - | -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 | -16.80 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 | -8.39 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 | -5.07 Mn |
| Dec 31, 2017 | -26.23 Mn |
| Jun 30, 2017 | -1.73 Mn |
| Dec 31, 2016 | -3.08 Mn |
| Jun 30, 2016 | -4.66 Mn |