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| Date | Value |
|---|---|
| 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 |