Top Ships (TOPS) Retained Earnings (2009 - 2025)
Top Ships (TOPS) posted Retained Earnings of $425.4 million for Q4 2025, little changed on a QoQ basis from $425.5 million in Q2 2025, and down 5.69% year-over-year from $451.1 million in Q4 2024.
Analysis
Top Ships (TOPS) Retained Earnings (2009 - 2025) Analysis & Trends
Top Ships has reported Retained Earnings for 17 years, with the latest figure at $425.4 million in Q4 2025.
- On a quarterly basis, Retained Earnings fell 5.69% year-over-year to $425.4 million in Q4 2025; TTM through Dec 2025 was $425.4 million, a 5.69% decrease from a year earlier, with the FY2025 full-year figure at $425.4 million, down 5.69% from the prior year.
- Retained Earnings was $425.4 million for Q4 2025 at Top Ships, roughly flat from $425.5 million in the prior quarter.
- The five-year high for Retained Earnings was $454.9 million in Q2 2021, with the low at $416.7 million in Q2 2022.
- Average Retained Earnings over 5 years is $437.2 million, with a median of $433.7 million recorded in 2021.
- The sharpest annual moves came in 2021 and 2022: Retained Earnings surged 239.8% in 2021, then slipped 8.4% in 2022.
- Over 5 years, Retained Earnings stood at $430.0 million in 2021, then retreated by 0.35% to $428.5 million in 2022, then climbed by 5.3% to $451.2 million in 2023, then slipped by 0.02% to $451.1 million in 2024, then fell by 5.69% to $425.4 million in 2025.
- The last three Retained Earnings figures came in at $425.4 million (Q4 2025), $425.5 million (Q2 2025), and $451.1 million (Q4 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | 1.32 Bn |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 3.50 Bn |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | 2.47 Bn |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 773.11 Mn |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | 1.03 Bn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | - |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | 1.99 Bn |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | -449.88 Mn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | 2.26 Bn |
| 10 | Top Ships | 1.31 Mn | 1.31 Mn | - | 425.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 425.43 Mn |
| Jun 30, 2025 | 425.46 Mn |
| Dec 31, 2024 | 451.08 Mn |
| Jun 30, 2024 | 451.10 Mn |
| Dec 31, 2023 | 451.16 Mn |
| Jun 30, 2023 | 437.38 Mn |
| Dec 31, 2022 | 428.47 Mn |
| Jun 30, 2022 | 416.72 Mn |
| Dec 31, 2021 | 429.96 Mn |
| Jun 30, 2021 | 454.95 Mn |
| Dec 31, 2020 | 465.67 Mn |
| Jun 30, 2020 | -325.42 Mn |
| Dec 31, 2019 | 411.58 Mn |
| Jun 30, 2019 | 403.49 Mn |
| Dec 31, 2018 | 412.05 Mn |
| Jun 30, 2018 | 401.75 Mn |
| Dec 31, 2017 | 402.64 Mn |
| Jun 30, 2017 | 361.41 Mn |
| Dec 31, 2016 | 328.76 Mn |
| Jun 30, 2016 | 322.56 Mn |