Income statement
USD
Annual
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 86M | 83M | 81M | 56M | 60M |
| Gross Profit | 38M | 48M | 36M | 21M | 25M |
| Operating Income | 28M | 29M | 33M | 16M | 11M |
| EBITDA | 50M | 42M | 44M | 24M | 11M |
| Net Income | 5M | 6M | 19M | 9M | -23M |
| EPS (Diluted) | — | — | — | — | — |
Industrials
Live Price
Offline$0.93
-3.13% today
1Y Change
-84.63%
Window
Jun 23, 2025 → Jun 1, 2026
Coverage: 237 bars · Jun 23, 2025 → Jun 1, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
Top Ships Inc. (TOPS) is a Industrials stock with a market cap of $10.00M and listed on AMEX. The stock last traded around $0.93 and down 84.6% across the available one-year price window (Jun 23, 2025 → Jun 1, 2026). Baseline metrics include revenue growth of -6.6%, EPS growth of -38.5%, a dividend yield of 0.0%. What stands out right now is revenue -6.6%, EPS -38.5%, free cash flow -1.2% with operating margin 32.7% and ROIC 8.9%. Valuation is more restrained than many high-expectation growth names at P/E 3.3 and price/sales 0.1. Overall, the current profile looks closer to a turnaround or cyclical reset than a generic broad-market placeholder. Stock Foundry combines TOPS price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Industrials peers on this page.
Benchmark Comparison
Compare this ticker against a broad index, growth benchmark, or sector ETF using a shared 1Y normalization window.
TOPS
—
Normalized return
SPY
—
S&P 500
Excess Return
—
Relative to SPY
TOPS Max Drawdown
-86.19%
Trailing 1Y
SPY Max Drawdown
—
Trailing 1Y
Uses the longest available daily history for TOPS and SPY.
Financial profile
Profitability, balance sheet stamina, and cash efficiency drawn from the latest filings.
FY Revenue
$60.2M
+6.8% YoY
FY Net Income
-$22.8M
-364.8% YoY
Free Cash Flow
-$114.8M
-15.4% YoY
Revenue Growth
-6.6%
EPS Growth
-38.5%
Gross Margin
58.8%
Net Margin
3.8%
Income statement
USD
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 86M | 83M | 81M | 56M | 60M |
| Gross Profit | 38M | 48M | 36M | 21M | 25M |
| Operating Income | 28M | 29M | 33M | 16M | 11M |
| EBITDA | 50M | 42M | 44M | 24M | 11M |
| Net Income | 5M | 6M | 19M | 9M | -23M |
| EPS (Diluted) | — | — | — | — | — |
Balance sheet
USD
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Cash & Equivalents | 8M | 36M | 21M | 2M | 19M |
| Total Assets | 423M | 459M | 469M | 331M | 293M |
| Total Liabilities | 278M | 276M | 272M | 238M | 159M |
| Shareholder Equity | 144M | 183M | 197M | 93M | 134M |
| Total Debt | 251M | 256M | 261M | 184M | 148M |
| Net Debt | 244M | 220M | 258M | 182M | 128M |
Cash flow positioning
Latest Full Year
Operating Cash Flow
6M
-62.4% YoY
Capital Expenditures
121M
-4.6% YoY
Free Cash Flow
115M
-15.4% YoY
Key ratios
Gross Margin
58.8%
Operating Margin
32.7%
Net Margin
3.8%
ROE
2.9%
Debt / Equity
2.30x
Next Step
Use the numbers to decide whether this is a growth candidate, a quality compounder, or just an interesting outlier.