Top Ships (TOPS) Invested Capital (2009 - 2025)
Top Ships (TOPS) posted quarterly Invested Capital of $11.8 million for Q4 2025, down 16.74% year-over-year from $14.2 million in Q4 2024, and down 26.43% quarter-over-quarter from $16.1 million in Q2 2025.
Top Ships (TOPS) Invested Capital (2009 - 2025) Analysis & Trends
Top Ships' Invested Capital history runs 17 years deep, the most recent figure standing at $11.8 million for Q4 2025.
- In Q4 2025, Invested Capital fell 16.74% year-over-year to $11.8 million; the TTM figure through Dec 2025 stood at $56.1 million (down 25.7% YoY), while the FY2025 annual figure was $11.8 million, down 16.74% from the prior year.
- Invested Capital for Q4 2025 stood at $11.8 million, down from $16.1 million in the prior quarter.
- The five-year high for Invested Capital was $34.9 million in Q2 2023, with the low at $10.1 million in Q2 2021.
- The 5-year median for Invested Capital is $14.1 million (2024), against an average of $17.0 million.
- The sharpest annual moves came in 2021 and 2024: Invested Capital surged 2487.39% in 2021, then slumped 59.88% in 2024.
- Top Ships' Invested Capital stood at $29.8 million in 2021, then sank by 58.51% to $12.3 million in 2022, then climbed by 0.6% to $12.4 million in 2023, then grew by 14.37% to $14.2 million in 2024, then slipped by 16.74% to $11.8 million in 2025.
- Business Quant data shows TOPS's Invested Capital at $11.8 million in Q4 2025, $16.1 million in Q2 2025, and $14.2 million in Q4 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 29.70 Bn |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 4.85 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 2.02 Bn |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 12.00 Mn |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 2.53 Bn |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 26.01 Bn |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 1.50 Bn |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 18.46 Bn |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 1.41 Bn |
| 10 | Top Ships | 4.05 Mn | 4.05 Mn | - | 11.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 11.82 Mn |
| Jun 30, 2025 | 16.07 Mn |
| Dec 31, 2024 | 14.20 Mn |
| Jun 30, 2024 | 13.99 Mn |
| Dec 31, 2023 | 12.42 Mn |
| Jun 30, 2023 | 34.87 Mn |
| Dec 31, 2022 | 12.34 Mn |
| Jun 30, 2022 | 14.95 Mn |
| Dec 31, 2021 | 29.76 Mn |
| Jun 30, 2021 | 10.06 Mn |
| Dec 31, 2020 | 1.15 Mn |
| Jun 30, 2020 | 16.84 Mn |
| Dec 31, 2019 | 16.91 Mn |
| Jun 30, 2019 | 27.17 Mn |
| Dec 31, 2018 | 10.21 Mn |
| Jun 30, 2018 | 9.13 Mn |
| Dec 31, 2017 | 9.51 Mn |
| Jun 30, 2017 | 9.65 Mn |
| Dec 31, 2016 | 8.00 Mn |
| Jun 30, 2016 | 5.81 Mn |