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NYSE American · Oil & Gas Midstream · USD

Top Ships Inc. (TOPS) Stock Analysis

Top Ships Inc. (TOPS) is a Oil & Gas Midstream stock listed on NYSE American and quoted in US Dollar.

Last Updated: October 21, 2026

TOPS

$0.39

−$0.04 (−8.42%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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TOPS Key Statistics

As of Oct 21, 2026
Trading
Open
$0.43
Previous Close
$0.42
Day's Range
0.39–0.45
52-Week Range
0.39–7.40
Volume
600.23K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
2.25
Valuation
Market Cap
$2.96M
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
0.18
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.05
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.35
Financials (FY)
Revenue (FY)
$80.42M−6.63%
Net Income (FY)
$3.09M−38.70%
Profit marginThe share of revenue left as profit after all costs and taxes.
3.23%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
7.61M
1-Year Return
−93.40%
Dividend and dates
Avg Volume
3.25M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, TOPS closed at $0.39, −93.40% over 1 year.

Top Ships Inc. (TOPS) has a market capitalization of $2.96M.

In fiscal 2025, TOPS reported revenue of $80.42M.

TOPS Stock Return by Calendar Year

Top Ships Inc. (TOPS) return since Jan 2025: what $10,000 became

1 year
$10,000 $660
−93.40%
Since Jan 2025
$10,000 $547
−94.53%

If you had invested $10,000 in Top Ships Inc. (TOPS) at the close on January 13, 2025, the earliest close on record here, it would have been worth $547 at the close on October 21, 2026: −94.53% in total, −80.66% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−91.39%
2025−36.48%

As of October 21, 2026.

TOPS Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$80.42M$3.09M3.8%
2024$86.13M$5.03M5.8%
2023$82.95M$6.07M7.3%
2022$80.66M$18.95M23.5%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$80.42M$36.95M$26.28M$3.09M3.8%
2024$86.13M$37.68M$27.90M$5.03M5.8%
2023$82.95M$37.62M$28.73M$6.07M7.3%
2022$80.66M$36.25M$32.54M$18.95M23.5%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

TOPS Valuation vs Oil & Gas Midstream Median

Median of 63 stocks
MetricTOPSOil & Gas Midstream medianvs median
P/S ratio0.052.670.0x the median
Profit margin3.23%22.05%18.8 pts below

Medians across 63 Oil & Gas Midstream stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 13 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Top Ships Inc. (TOPS) carries a market capitalisation of $2.96M. The company sits in the Energy sector, in the Oil & Gas Midstream industry.

TOPS last closed at $0.39 on October 21, 2026. That is −$0.04 (−8.42%) against the previous close. Over the past 52 weeks the price has ranged from $0.39 to $7.40. The latest close sits 0.57% above that 52-week low.

Financial Health

In fiscal 2025, Top Ships Inc. reported revenue of $80.42M. Against the prior fiscal year total of $86.13M, that is a change of −6.63%. Net income for the same year was $3.09M. That is −38.70% against the prior fiscal year. The reported profit margin is 3.23%. That is 18.8 percentage points below the Oil & Gas Midstream median of 22.05%. Trailing earnings per share are −0.35.

Across the 4 fiscal years on file, revenue moves from $80.66M in 2022 to $80.42M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. On forward earnings the ratio is 0.18. The price-to-sales ratio is 0.05. On price-to-sales that is 0 times the Oil & Gas Midstream median of 2.67. The medians here are taken across 63 Oil & Gas Midstream companies that report the metric.

The reported beta is 2.25. Annualized volatility over the trailing 1 year is 88.2%. The trailing one-year total return is −93.40%. The stored price history starts on January 13, 2025, and the total return since then is −94.53%.

Growth & Income

The record shows no dividend for TOPS.

The record holds one complete calendar year, 2025, which returned −36.48%. So far in 2026 the total return is −91.39%.

Peer Comparison

Top Ships Inc. (TOPS) operates in the Oil & Gas Midstream industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Top Ships Inc. TOPS $2.96M —
Enbridge Inc. ENB $107.01B 25.7
The Williams Companies, Inc. WMB $89.05B 29.0
Enterprise Products Partners L.P. EPD $79.02B 12.7

The Oil & Gas Midstream industry average P/E ratio is 14.1x. Top Ships Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Top Ships Inc.

Top Ships Inc. owns and operates tanker vessels in Greece and internationally. The company transports crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2025, it had a fleet with a total capacity of 857,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, one 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers. The company was formerly known as Top Tankers Inc. and changed its name to Top Ships Inc. in December 2007. Top Ships Inc. was incorporated in 2000 and is based in Athens, Greece.

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