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
DateValue
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