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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |