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Top Ships Inc. logo

Top Ships Inc.

TOPS

AMEXIndustrialsMarine Shipping

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Latest quote

$0.8085

+$0.0146 · +1.84%

Aug 21, 3:55 PM ET

TOPS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

80

Undervalued

Momentum

17

Strong Down

Sentiment

49

Mixed

Risk resilience

20

High Risk

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Company profile

Company website

Top Ships Inc., a maritime company established in 2000 and headquartered in Maroussi, Greece, specializes in the worldwide ownership and operation of tanker vessels. Its medium-range ships primarily facilitate the global transport of essential liquid commodities, including crude oil, various refined petroleum products, and bulk liquid chemicals. The organization underwent a name change in December 2007, transitioning from its former identity as Top Tankers Inc. By the close of business on December 31, 2020, Top Ships Inc. commanded a diverse fleet with an aggregated carrying capacity of 1,435,000 deadweight tonnes (dwt). This fleet comprised one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two sizable 300,000 dwt Very Large Crude Carriers (VLCCs), and two 50,000 dwt product tankers.

Industry
Marine Shipping
Sector
Industrials
Headquarters
GR
CEO
Evangelos J. Pistiolis
Listed since
Aug 2, 2004
Employees
86

Market position

Volume
117.7K
0.17× average
Average volume
676.63K
Average daily volume
Market cap
3.74M USD
Beta
2.02
Market reference 1

Financials

Financial snapshot

Latest / TTM

Financial health

Altman Z-score
-0.44
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends64%42%20%-2%Gross margin, FY2021: 36.37%Gross margin, FY2022: 44.95%Gross margin, FY2023: 58.43%Gross margin, FY2024: 43.74%Gross margin, FY2025: 45.95%Operating margin, FY2021: 28.32%Operating margin, FY2022: 40.44%Operating margin, FY2023: 34.63%Operating margin, FY2024: 32.40%Operating margin, FY2025: 32.68%Net margin, FY2021: 15.29%Net margin, FY2022: 23.49%Net margin, FY2023: 7.31%Net margin, FY2024: 5.84%Net margin, FY2025: 3.84%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 36.37%. Gross margin FY2022 44.95%. Gross margin FY2023 58.43%. Gross margin FY2024 43.74%. Gross margin FY2025 45.95%. Operating margin FY2021 28.32%. Operating margin FY2022 40.44%. Operating margin FY2023 34.63%. Operating margin FY2024 32.40%. Operating margin FY2025 32.68%. Net margin FY2021 15.29%. Net margin FY2022 23.49%. Net margin FY2023 7.31%. Net margin FY2024 5.84%. Net margin FY2025 3.84%.

Income trends

Revenue

80.42M USD-6.63%

Operating income

26.28M USD-5.82%

Net income

3.09M USD-38.70%
Income trends across reported periods94.43M USD61.21M USD28M USD−5.22M USDRevenue, FY2021: 56.37M USDRevenue, FY2022: 80.66M USDRevenue, FY2023: 82.95M USDRevenue, FY2024: 86.13M USDRevenue, FY2025: 80.42M USDOperating income, FY2021: 15.96M USDOperating income, FY2022: 32.62M USDOperating income, FY2023: 28.73M USDOperating income, FY2024: 27.9M USDOperating income, FY2025: 26.28M USDNet income, FY2021: 8.62M USDNet income, FY2022: 18.95M USDNet income, FY2023: 6.07M USDNet income, FY2024: 5.03M USDNet income, FY2025: 3.09M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 56.37M USD. Revenue FY2022 80.66M USD. Revenue FY2023 82.95M USD. Revenue FY2024 86.13M USD. Revenue FY2025 80.42M USD. Operating income FY2021 15.96M USD. Operating income FY2022 32.62M USD. Operating income FY2023 28.73M USD. Operating income FY2024 27.9M USD. Operating income FY2025 26.28M USD. Net income FY2021 8.62M USD. Net income FY2022 18.95M USD. Net income FY2023 6.07M USD. Net income FY2024 5.03M USD. Net income FY2025 3.09M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue80.42M USD86.13M USD82.95M USD80.66M USD56.37M USD
Cost of goods sold43.47M USD48.45M USD34.49M USD44.41M USD35.87M USD
Gross profit36.95M USD37.68M USD48.46M USD36.25M USD20.5M USD
Selling, general, and administrative7.62M USD7.51M USD19.74M USD1.62M USD1.94M USD
Operating expenses10.67M USD9.77M USD19.74M USD3.71M USD4.54M USD
Interest income385K USD467K USD346K USD48K USD6.98M USD
Interest expense16.03M USD21.87M USD22.99M USD14.37M USD8.2M USD
Depreciation and amortization21.94M USD23.15M USD14.35M USD13.29M USD7.68M USD
Operating income26.28M USD27.9M USD28.73M USD32.62M USD15.96M USD
Net income3.09M USD5.03M USD6.07M USD18.95M USD8.62M USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
0.67
FY2025 · -38.53% year over year
Latest fiscal-year revenue
80.42M USD
FY2025 · -6.63% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend30.756.35-18.04-42.44FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend89.1M77.2M65.3M53.39MFY21FY22FY23FY24FY25

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$2.50

209.14% upside
Past 12 months12-month forecast

Price history unavailable

High $2.50Average $2.50Low $2.50

TOPS news

globenewswire.com

Top Ships Inc. Announces Acquisition of three High Specification Newbuilding MR Tankers and Potential Gross Revenue Backlog of about $0.93 Billion

ATHENS, Greece, July 29, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the "Company" or "TOP Ships") (NYSE American: TOPS), an international owner and operator of modern, fuel-efficient "ECO" tanker vessels, announced today…

Read source
globenewswire.com

TOP Ships Announces Sale of a Newbuilding MR Tanker for about $6.5 million

ATHENS, Greece, July 28, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “TOP Ships”) (NYSE American: TOPS), an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced today…

Read source
globenewswire.com

TOP Ships Inc. Announces Management Estimate of Net Asset Value of $359.2 Million, a 24% Increase from the Previously Reported NAV

ATHENS, Greece, July 27, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “TOP Ships”) (NYSE American: TOPS), an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced today…

Read source
globenewswire.com

TOP Ships Inc. Announces Decision to Sell M/Y Para Bellvm and Exit the Megayacht Sector

ATHENS, Greece, July 22, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “TOP Ships”) (NYSE American: TOPS), an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced today…

Read source
globenewswire.com

TOP Ships Inc. Cancels Dubai Real Estate Deal

ATHENS, Greece, July 16, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “TOP Ships”) (NYSE American: TOPS), an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced today…

Read source
globenewswire.com

TOP Ships Inc. Announces Sale of ECO MR Product Tanker Newbuilding for About $6.25 million

ATHENS, Greece, July 15, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has entered into an agreement…

Read source

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