Top Ships Inc. (TOPS)
NYSEAMERICAN: TOPS · Real-Time Price · USD
5.99
-0.07 (-1.16%)
Oct 24, 2025, 4:00 PM EDT - Market closed

Top Ships Statistics

Total Valuation

Top Ships has a market cap or net worth of $27.71 million. The enterprise value is $290.59 million.

Market Cap27.71M
Enterprise Value 290.59M

Important Dates

The next estimated earnings date is Friday, November 14, 2025, before market open.

Earnings Date Nov 14, 2025
Ex-Dividend Date n/a

Share Statistics

Top Ships has 4.63 million shares outstanding. The number of shares has increased by 37.26% in one year.

Current Share Class 4.63M
Shares Outstanding 4.63M
Shares Change (YoY) +37.26%
Shares Change (QoQ) n/a
Owned by Insiders (%) 9.53%
Owned by Institutions (%) 0.85%
Float 1.25M

Valuation Ratios

The trailing PE ratio is 2.60.

PE Ratio 2.60
Forward PE n/a
PS Ratio 0.32
Forward PS n/a
PB Ratio 0.22
P/TBV Ratio 0.22
P/FCF Ratio 8.26
P/OCF Ratio 0.93
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 6.40, with an EV/FCF ratio of 86.67.

EV / Earnings 27.26
EV / Sales 3.31
EV / EBITDA 6.40
EV / EBIT 9.12
EV / FCF 86.67

Financial Position

The company has a current ratio of 0.38, with a Debt / Equity ratio of 2.11.

Current Ratio 0.38
Quick Ratio 0.17
Debt / Equity 2.11
Debt / EBITDA 4.78
Debt / FCF 80.18
Interest Coverage 1.66

Financial Efficiency

Return on equity (ROE) is 7.94% and return on invested capital (ROIC) is 4.89%.

Return on Equity (ROE) 7.94%
Return on Assets (ROA) 4.65%
Return on Invested Capital (ROIC) 4.89%
Return on Capital Employed (ROCE) 8.45%
Revenue Per Employee $87.87M
Profits Per Employee $10.66M
Employee Count1
Asset Turnover 0.21
Inventory Turnover 33.15

Taxes

Income Tax n/a
Effective Tax Rate n/a

Stock Price Statistics

The stock price has decreased by -32.62% in the last 52 weeks. The beta is 2.16, so Top Ships's price volatility has been higher than the market average.

Beta (5Y) 2.16
52-Week Price Change -32.62%
50-Day Moving Average 5.67
200-Day Moving Average 6.02
Relative Strength Index (RSI) 55.79
Average Volume (20 Days) 8,507

Short Selling Information

Short Interest 90,082
Short Previous Month 100,256
Short % of Shares Out 7.27%
Short % of Float n/a
Short Ratio (days to cover) 16.28

Income Statement

In the last 12 months, Top Ships had revenue of $87.87 million and earned $10.66 million in profits. Earnings per share was $2.30.

Revenue87.87M
Gross Profit 55.75M
Operating Income 31.86M
Pretax Income 10.66M
Net Income 10.66M
EBITDA 45.40M
EBIT 31.86M
Earnings Per Share (EPS) $2.30
Full Income Statement

Balance Sheet

The company has $5.97 million in cash and $268.85 million in debt, giving a net cash position of -$262.88 million or -$56.82 per share.

Cash & Cash Equivalents 5.97M
Total Debt 268.85M
Net Cash -262.88M
Net Cash Per Share -$56.82
Equity (Book Value) 127.14M
Book Value Per Share 27.48
Working Capital -30.56M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $29.83 million and capital expenditures -$26.48 million, giving a free cash flow of $3.35 million.

Operating Cash Flow 29.83M
Capital Expenditures -26.48M
Free Cash Flow 3.35M
FCF Per Share $0.72
Full Cash Flow Statement

Margins

Gross margin is 63.45%, with operating and profit margins of 36.26% and 12.13%.

Gross Margin 63.45%
Operating Margin 36.26%
Pretax Margin 12.13%
Profit Margin 12.13%
EBITDA Margin 51.66%
EBIT Margin 36.26%
FCF Margin 3.82%

Dividends & Yields

Top Ships does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -37.26%
Shareholder Yield -37.26%
Earnings Yield 38.46%
FCF Yield 12.10%
Dividend Details

Analyst Forecast

Price Target n/a
Price Target Difference n/a
Analyst Consensus n/a
Analyst Count n/a
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value n/a
Lynch Upside n/a
Graham Number
Graham Upside

Stock Splits

The last stock split was on September 29, 2023. It was a reverse split with a ratio of 1:12.

Last Split Date Sep 29, 2023
Split Type Reverse
Split Ratio 1:12

Scores

Top Ships has an Altman Z-Score of -0.55 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score -0.55
Piotroski F-Score 7