Top Ships (TOPS) Retained Earnings (2009 - 2025)

Top Ships (TOPS) posted quarterly Retained Earnings of $425.4 million for Q4 2025, down 5.69% year-on-year from $451.1 million in Q4 2024, and up 242.22% on a QoQ basis from -$299.1 million in Q2 2025.

Top Ships (TOPS) Retained Earnings (2009 - 2025) Analysis & Trends

Top Ships (TOPS) has reported Retained Earnings for 17 consecutive years, with $425.4 million the latest figure, recorded in Q4 2025.

  • Quarterly Retained Earnings fell 5.69% year-over-year to $425.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $425.4 million (down 5.69% YoY) and the FY2025 annual result came in at $425.4 million, down 5.69% from the prior year.
  • Retained Earnings rose to $425.4 million in Q4 2025 per TOPS's latest filing, from -$299.1 million in the prior quarter.
  • Over the last five years, Retained Earnings for TOPS reached as high as $451.2 million in Q4 2023 and fell as low as -$343.7 million in Q2 2021.
  • A 5-year average of $59.3 million and a median of $63.1 million in 2025 frame the typical range for Retained Earnings.
  • Annual changes were most pronounced in 2021 — Retained Earnings dropped 7.67% — and 2023, when it grew 5.3%.
  • Year by year, Retained Earnings stood at $430.0 million in 2021, then decreased by 0.35% to $428.5 million in 2022, then grew by 5.3% to $451.2 million in 2023, then dropped by 0.02% to $451.1 million in 2024, then retreated by 5.69% to $425.4 million in 2025.
  • According to Business Quant data, Retained Earnings over the past three periods registered $425.4 million, -$299.1 million, and $451.1 million for Q4 2025, Q2 2025, and Q4 2024 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 1.23 Bn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn 704.30 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 41.32 Bn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn -14.30 Bn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - -15.00 Mn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn -4.25 Bn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 72.00 Mn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 2.56 Bn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 2.47 Bn
10 Top Ships 4.15 Mn 4.15 Mn - 425.43 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 425.43 Mn
Jun 30, 2025 -299.14 Mn
Dec 31, 2024 451.08 Mn
Jun 30, 2024 -309.80 Mn
Dec 31, 2023 451.16 Mn
Jun 30, 2023 -312.03 Mn
Dec 31, 2022 428.47 Mn
Jun 30, 2022 -328.15 Mn
Dec 31, 2021 429.96 Mn
Jun 30, 2021 -343.69 Mn
Dec 31, 2020 465.67 Mn
Jun 30, 2020 -325.42 Mn
Dec 31, 2019 411.58 Mn
Jun 30, 2019 -308.41 Mn
Dec 31, 2018 412.05 Mn
Jun 30, 2018 -303.27 Mn
Dec 31, 2017 402.64 Mn
Jun 30, 2017 -289.09 Mn
Dec 31, 2016 328.76 Mn
Jun 30, 2016 -284.00 Mn