MARKETS / NYSE / TOPS
NYSE · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · SMALL CAP

TOP Ships Inc. TOPS

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$80.4M
EPS · FY25
$0.67
Dividend / sh · FY25
Payout · FY25
ROE · FY25
2.6%
Net margin · FY25
3.8%
Dividend coverage
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Result
USD 80.4M
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.0250.050.0750.10.10.02009201220152018202120242025
0.0250.050.0750.10.10.02016201920222025

4 cents of every revenue dollar became profit this year.

Per share
USD 0.67
Diluted EPS, FY2025
EPS
20400.672009201220152018202120242025
20400.672016201920222025

The company pays no cash dividend.

Profitability
2.6%
Return on equity, FY2025
ROE
51015202.6%2009201220152018202120242025
51015202.6%2016201920222025
Operating margin32.7%
Net margin3.8%
Return on assets0.8%

Each USD of equity produced 3 cents of profit this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
+6.0% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−0.1%
+6.0%
+19.9%
−0.8%
Net income
−45.4%
+1.4%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.00B
Shares outstanding, FY2025
0.000.002009201220152018202120242025
0.000.002016201920222025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 333.6M
total assets, end of FY2025
Total assetsUSD 333.6M
EquityUSD 89.2M
CashUSD 20.4M
Gross debtUSD 216.6M
Net debtUSD 196.2M
Current ratio0.61×

Net debt stands at 220% of equity.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.1
·
·
0.1
0.1
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.0
Operating income $B
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
−0.0
0.0
0.0
−0.0
−0.0
0.0
−0.1
−0.2
0.0
−0.1
EBITDA $B
·
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
−0.0
−0.1
0.1
−0.0
Income tax $B
·
·
·
·
·
0.0
0.0
0.0
0.0
0.0
0.0
0.0
·
·
·
·
·
Net income $B
0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
−0.0
−0.0
0.0
−0.0
0.0
0.0
−0.1
−0.2
0.0
−0.1
EPS, diluted $
0.67
1.09
−12.44
−36.34
32.51
−24.48
−264.63
−306.20
−251.00
−15955.00
−773364.00
1.84
5.76
−26.36
−30.00
0.82
·
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
−0
0
0
−0
·
·
·
ROE %
2.6
3.5
4.9
18.6
8.1
−21.9
−15.4
−10.6
−17.6
2.6
−22.2
10.1
10.1
−142.6
−113.9
1.0
−20.3
Shares out B
0.00
0.00
0.00
0.00
0.00
0.04
0.00
0.00
0.01
0.00
0.00
0.00
0.00
0.02
0.02
0.00
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
45 of 45
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed