Top Ships (TOPS) Retained Earnings (2009 - 2025)
Top Ships (TOPS) recorded quarterly Retained Earnings of -$337.0 million in Q4 2025, down 12.65% quarter-over-quarter from -$299.1 million in Q2 2025, and down 9.87% on a YoY basis from -$373.9 million in Q4 2024.
Top Ships (TOPS) Retained Earnings (2009 - 2025) Analysis & Trends
Top Ships' Retained Earnings history runs 17 years deep, the most recent figure standing at -$337.0 million for Q4 2025.
- In Q4 2025, Retained Earnings fell 9.87% year-over-year to -$337.0 million; the TTM figure through Dec 2025 stood at -$337.0 million (down 9.87% YoY), while the FY2025 annual figure was -$337.0 million, down 9.87% from the prior year.
- Retained Earnings was -$337.0 million for Q4 2025 at Top Ships, down from -$299.1 million in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of -$299.1 million in Q2 2025 to a low of -$343.7 million in Q2 2021.
- Historically, Retained Earnings has averaged -$320.3 million across 5 years, with a median of -$314.9 million in 2022.
- The sharpest annual moves came in 2022 and 2025: Retained Earnings rose 5.63% in 2022, then dropped 9.87% in 2025.
- A 5-year view of Retained Earnings shows it stood at -$336.8 million in 2021, then gained by 5.63% to -$317.8 million in 2022, then increased by 1.91% to -$311.7 million in 2023, then increased by 1.61% to -$306.7 million in 2024, then decreased by 9.87% to -$337.0 million in 2025.
- The last three Retained Earnings figures came in at -$337.0 million (Q4 2025), -$299.1 million (Q2 2025), and -$306.7 million (Q4 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | -14.30 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | -15.00 Mn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | -9.86 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 72.00 Mn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | 1.63 Bn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 5.00 Mn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | -14.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 2.47 Bn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | -4.25 Bn |
| 10 | Top Ships | 4.27 Mn | -16.11 Mn | - | -336.99 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -336.99 Mn |
| Jun 30, 2025 | -299.14 Mn |
| Dec 31, 2024 | -306.71 Mn |
| Jun 30, 2024 | -309.80 Mn |
| Dec 31, 2023 | -311.74 Mn |
| Jun 30, 2023 | -312.03 Mn |
| Dec 31, 2022 | -317.81 Mn |
| Jun 30, 2022 | -328.15 Mn |
| Dec 31, 2021 | -336.75 Mn |
| Jun 30, 2021 | -343.69 Mn |
| Dec 31, 2020 | -345.37 Mn |
| Jun 30, 2020 | -325.42 Mn |
| Dec 31, 2019 | -1.36 Mn |
| Jun 30, 2019 | -1.39 Mn |
| Dec 31, 2018 | -307.78 Mn |
| Jun 30, 2018 | -303.27 Mn |
| Dec 31, 2017 | -296.65 Mn |
| Jun 30, 2017 | -289.09 Mn |
| Dec 31, 2016 | -283.24 Mn |
| Jun 30, 2016 | -284.00 Mn |