Top Ships (TOPS) Equity Average (2014 - 2025)

Top Ships (TOPS) posted Equity Average of $108.2 million for Q4 2025, down 20.34% on a QoQ basis from $135.8 million in Q2 2025, and down 24.3% year-on-year from $142.9 million in Q4 2024.

Top Ships (TOPS) Equity Average (2014 - 2025) Analysis & Trends

Top Ships has disclosed Equity Average across 9 years of filings, most recently posting $108.2 million for Q4 2025.

  • Equity Average for Q4 2025 came in at $108.2 million, down 24.3% year-over-year; the trailing twelve-month figure through Dec 2025 was $108.2 million (down 24.3% YoY), and the FY2025 annual result was $116.8 million, down 17.71% from the prior year.
  • Equity Average came in at $108.2 million for Q4 2025 at Top Ships, down from $135.8 million in the prior quarter.
  • Over the last five years, Equity Average for TOPS reached as high as $142.9 million in Q4 2024 and fell as low as $90.9 million in Q2 2022.
  • Median Equity Average over the past 4 years was $125.3 million (2023), compared with a mean of $121.0 million.
  • Year-over-year, Equity Average jumped 33.0% in 2023 and fell 24.3% in 2025.
  • Over 4 years, Equity Average stood at $99.6 million in 2022, then jumped by 33.0% to $132.5 million in 2023, then grew by 7.83% to $142.9 million in 2024, then slipped by 24.3% to $108.2 million in 2025.
  • Per Business Quant, the three latest TOPS Equity Average figures stand at $108.2 million (Q4 2025), $135.8 million (Q2 2025), and $142.9 million (Q4 2024).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Avg. (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 47.06 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 31.89 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 30.04 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 41.74 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 3.23 Bn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 14.30 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 22.51 Bn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 246.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 8.73 Bn
10 Top Ships 35,420.00 35,420.00 - 108.16 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 108.16 Mn
Jun 30, 2025 135.78 Mn
Dec 31, 2024 142.88 Mn
Jun 30, 2024 140.40 Mn
Dec 31, 2023 132.51 Mn
Jun 30, 2023 118.11 Mn
Dec 31, 2022 99.63 Mn
Jun 30, 2022 90.91 Mn
Dec 31, 2021 102.44 Mn
Jun 30, 2021 116.18 Mn
Dec 31, 2020 123.69 Mn
Jun 30, 2020 107.18 Mn
Dec 31, 2019 90.69 Mn
Jun 30, 2019 99.00 Mn
Dec 31, 2018 101.48 Mn
Jun 30, 2018 102.97 Mn
Dec 31, 2017 90.41 Mn
Jun 30, 2017 59.53 Mn
Dec 31, 2016 42.05 Mn
Jun 30, 2016 36.37 Mn