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

Top Ships' Invested Capital history runs 17 years deep, the most recent figure standing at $101.0 million for Q4 2025.

• In Q4 2025, Invested Capital fell 36.32% year-over-year to $101.0 million; the TTM figure through Dec 2025 stood at $101.0 million (down 36.32% YoY), while the FY2025 annual figure was $101.0 million, down 36.32% from the prior year.
• Invested Capital was $101.0 million for Q4 2025 at Top Ships, down from $143.2 million in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $190.6 million in Q4 2021 to a low of $10.1 million in Q2 2021.
• Historically, Invested Capital has averaged $129.8 million across 5 years, with a median of $147.5 million in 2023.
• The sharpest annual moves came in 2021 and 2022: Invested Capital tumbled 92.99% in 2021, then surged 929.13% in 2022.
• A 5-year view of Invested Capital shows it stood at $190.6 million in 2021, then sank by 35.46% to $123.0 million in 2022, then advanced by 23.47% to $151.9 million in 2023, then advanced by 4.44% to $158.6 million in 2024, then sank by 36.32% to $101.0 million in 2025.
• The last three Invested Capital figures came in at $101.0 million (Q4 2025), $143.2 million (Q2 2025), and $158.6 million (Q4 2024), per Business Quant data.