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| Date | Value |
|---|---|
| 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 |