Market cap
$4 Mln
Revenue (TTM)
$146 Mln
P/E Ratio
1.1
P/B Ratio
0
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -- | -- | -6.63 | -0.10 | 5.95 |
| EBIT | -- | -- | -28.93 | -14.57 | 61.91 |
| Net Profit | -- | -- | -38.70 | -45.39 | 16.38 |
| EPS | -- | -- | -76.16 | -77.40 | 14.93 |
| Book Value | -- | -- | -75.99 | -68.22 | -52.66 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | Dec-25 | Dec-24 | Dec-23 |
| EBIT-Margin
| 29.49 | 30.96 | 23.78 | 31.24 | 33.45 |
| Net Margin
| -- | -- | -- | -- | -- |
| Return on equity
| 2.97 | 5.67 | 2.64 | 3.07 | 3.19 |
| Return on Capital
| 1.15 | 2.30 | 0.89 | 1.21 | 1.35 |
| Return on Assets
| 1.09 | 2.15 | 0.82 | 1.14 | 1.31 |
| Debt to Equity (x)
| -- | -- | 2.30 | 1.74 | 1.40 |
Profitability
ROCE
0.89
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
0.89
|
1.21
|
1.35
|
5.04
|
2.99
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
2.64
--
Profit after tax / Average Net worth * 100
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
2.64
|
3.07
|
3.19
|
12.37
|
7.07
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROA
0.82
--
Profit after tax / Average Total assets * 100
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
0.82
|
1.14
|
1.31
|
4.74
|
2.76
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Margin
23.78
--
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
23.78
|
31.24
|
33.45
|
38.01
|
28.32
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Margin
3.84
--
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
3.84
|
5.84
|
7.31
|
23.49
|
15.29
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-0.07
--
Year on year growth in net sales
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
-0.07
|
0.04
|
0.03
|
0.43
|
-0.06
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Growth
-28.93
--
Year on year growth in operating profit (EBIT)
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
-28.93
|
-3.03
|
-9.50
|
92.09
|
861.86
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Profit Growth
-38.70
--
Year on year growth in profit after tax
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
-38.70
|
-17.01
|
-67.99
|
119.92
|
137.76
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EPS Growth
-0.76
--
Year on year growth in earnings per share
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
-0.76
|
-0.17
|
-0.94
|
0.11
|
1.38
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
2.30
--
Total debt / Net worth
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
2.30
|
1.74
|
1.40
|
1.32
|
1.69
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
--
|
0.04
|
0.12
|
0.11
|
0.64
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.61
--
Current Assets / Current Liabilities and Provisions
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
0.61
|
0.71
|
0.94
|
0.71
|
0.70
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Quick Ratio
0.59
--
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
0.59
|
0.68
|
0.91
|
0.68
|
0.70
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Interest Coverage
1.19
--
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
1.19
|
1.23
|
1.21
|
2.13
|
1.95
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
2.66
--
Debtors outstanding / Net Sales * 100
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
2.66
|
1.29
|
0.38
|
0.01
|
0.13
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Asset Turnover
0.21
--
Sales / Average Total Assets
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
0.21
|
0.20
|
0.18
|
0.20
|
0.18
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Receivable days
7.39
--
Average Debtors / Sales * 365
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
7.39
|
3.03
|
0.72
|
0.19
|
79.11
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
6.50
--
Average Inventory / Sales * 365
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
6.50
|
7.15
|
10.28
|
6.98
|
6.03
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
21.69
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
21.69
|
11.97
|
17.52
|
17.52
|
24.71
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
-7.80
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
-7.80
|
-1.79
|
-6.53
|
-10.35
|
60.43
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
6.76
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
6.76
|
2.15
|
4.63
|
0.02
|
0.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Price / Book Value
0.23
--
Current share price divided by book value per share in the latest financial year
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
0.23
|
0.08
|
0.15
|
0.00
|
0.00
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
5.00
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
Dec-21
|
|---|---|---|---|---|---|
|
TOP Ships - ADR
|
5.00
|
5.09
|
5.89
|
5.48
|
7.70
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|