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

Top Ships (TOPS) EV to EBITDA (2019 - 2022)

Top Ships (TOPS) posted EV to EBITDA of 0.36 for Q4 2022, down 126.85% on a QoQ basis from 1.34 in Q4 2021, and down 126.85% year-over-year from 1.34 in Q4 2021.

Analysis

Top Ships (TOPS) EV to EBITDA (2019 - 2022) Analysis & Trends

Top Ships has reported EV to EBITDA for 4 years, with the latest figure at 0.36 in Q4 2022.

  • On a quarterly basis, EV to EBITDA fell 126.85% year-over-year to 0.36 in Q4 2022; TTM through Dec 2022 was 0.14, a 129.05% decrease from a year earlier, with the FY2025 full-year figure at 0.32, down 1177.16% from the prior year.
  • EV to EBITDA was 0.36 for Q4 2022 at Top Ships, down from 1.34 in the prior quarter.
  • The five-year high for EV to EBITDA was 1.46 in Q4 2019, with the low at 0.36 in Q4 2022.
  • Average EV to EBITDA over 4 years is 0.81, with a median of 1.07 recorded in 2021.
  • The sharpest annual moves came in 2021 and 2022: EV to EBITDA surged 64.98% in 2021, then sank 126.85% in 2022.
  • Over 4 years, EV to EBITDA stood at 1.46 in 2019, then tumbled by 44.6% to 0.81 in 2020, then jumped by 64.98% to 1.34 in 2021, then tumbled by 126.85% to 0.36 in 2022.
  • The last three EV to EBITDA figures came in at 0.36 (Q4 2022), 1.34 (Q4 2021), and 0.81 (Q4 2020), 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, 2022 -0.36
Dec 31, 2021 1.34
Dec 31, 2020 0.81
Dec 31, 2019 1.46