Top Ships (TOPS) Retained Earnings (2009 - 2025)
Top Ships (TOPS) posted Retained Earnings of -$337.0 million for Q4 2025, down 12.65% on a QoQ basis from -$299.1 million in Q2 2025, and down 9.87% year-on-year from -$373.9 million in Q4 2024.
Top Ships (TOPS) Retained Earnings (2009 - 2025) Analysis & Trends
Top Ships has disclosed Retained Earnings across 17 years of filings, most recently posting -$337.0 million for Q4 2025.
- Retained Earnings for Q4 2025 came in at -$337.0 million, down 9.87% year-over-year; the trailing twelve-month figure through Dec 2025 was -$337.0 million (down 9.87% YoY), and the FY2025 annual result was -$337.0 million, down 9.87% from the prior year.
- Retained Earnings came in at -$337.0 million for Q4 2025 at Top Ships, down from -$299.1 million in the prior quarter.
- Over the last five years, Retained Earnings for TOPS reached as high as -$299.1 million in Q2 2025 and fell as low as -$343.7 million in Q2 2021.
- Median Retained Earnings over the past 5 years was -$314.9 million (2022), compared with a mean of -$320.3 million.
- Year-over-year, Retained Earnings gained 5.63% in 2022 and declined 9.87% in 2025.
- Over 5 years, Retained Earnings 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.
- Per Business Quant, the three latest TOPS Retained Earnings figures stand at -$337.0 million (Q4 2025), -$299.1 million (Q2 2025), and -$306.7 million (Q4 2024).
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | -14.30 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | -9.86 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | -15.00 Mn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 72.00 Mn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | -14.70 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 5.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 2.47 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | -2.86 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 5.16 Bn |
| 10 | Top Ships | 35,420.00 | 35,420.00 | - | -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 | -308.41 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 |