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

Top Ships (TOPS) Invested Capital (2009 - 2025)

Top Ships (TOPS) posted Invested Capital of $305.9 million for Q4 2025, down 22.25% on a QoQ basis from $393.5 million in Q2 2025, and down 24.43% year-over-year from $404.8 million in Q4 2024.

Analysis

Top Ships (TOPS) Invested Capital (2009 - 2025) Analysis & Trends

Top Ships has reported Invested Capital for 17 years, with the latest figure at $305.9 million in Q4 2025.

  • On a quarterly basis, Invested Capital fell 24.43% year-over-year to $305.9 million in Q4 2025; TTM through Dec 2025 was $305.9 million, a 24.43% decrease from a year earlier, with the FY2025 full-year figure at $305.9 million, down 24.43% from the prior year.
  • Invested Capital was $305.9 million for Q4 2025 at Top Ships, down from $393.5 million in the prior quarter.
  • The five-year high for Invested Capital was $407.5 million in Q2 2024, with the low at $220.3 million in Q4 2021.
  • Average Invested Capital over 5 years is $342.3 million, with a median of $348.7 million recorded in 2022.
  • The sharpest annual moves came in 2021 and 2022: Invested Capital plunged 33.38% in 2021, then soared 56.4% in 2022.
  • Over 5 years, Invested Capital stood at $220.3 million in 2021, then surged by 56.4% to $344.6 million in 2022, then increased by 11.6% to $384.6 million in 2023, then advanced by 5.26% to $404.8 million in 2024, then retreated by 24.43% to $305.9 million in 2025.
  • The last three Invested Capital figures came in at $305.9 million (Q4 2025), $393.5 million (Q2 2025), and $404.8 million (Q4 2024), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Frontline 10.27 Bn 9.94 Bn - 5.59 Bn
2 Kirby 7.43 Bn 7.39 Bn 290.80 Mn 4.48 Bn
3 Matson 6.74 Bn 6.62 Bn - 3.15 Bn
4 International Seaways 5.17 Bn 5.17 Bn 467.16 Mn 2.95 Bn
5 Hafnia 4.59 Bn 4.31 Bn 372.91 Mn 3.89 Bn
6 Cmb.Tech 4.47 Bn 4.31 Bn 970.62 Mn -
7 Scorpio Tankers 4.26 Bn 2.42 Bn 343.91 Mn 4.37 Bn
8 Star Bulk Carriers 3.68 Bn 3.11 Bn 299.80 Mn 3.58 Bn
9 Torm 3.56 Bn -626.52 Mn 652.00 Mn 3.63 Bn
10 Top Ships 1.31 Mn 1.31 Mn - 305.94 Mn
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 305.94 Mn
Jun 30, 2025 393.47 Mn
Dec 31, 2024 404.85 Mn
Jun 30, 2024 407.55 Mn
Dec 31, 2023 384.61 Mn
Jun 30, 2023 352.74 Mn
Dec 31, 2022 344.62 Mn
Jun 30, 2022 334.84 Mn
Dec 31, 2021 220.35 Mn
Jun 30, 2021 273.62 Mn
Dec 31, 2020 235.80 Mn
Jun 30, 2020 410.73 Mn
Dec 31, 2019 383.30 Mn
Jun 30, 2019 360.65 Mn
Dec 31, 2018 220.07 Mn
Jun 30, 2018 191.25 Mn
Dec 31, 2017 201.16 Mn
Jun 30, 2017 173.12 Mn
Dec 31, 2016 127.08 Mn
Jun 30, 2016 109.82 Mn