# Top Ships Inc. (TOPS)

> Industrials · GR · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/TOPS/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $ 82.34M | $ 3.16M | $ 17.53M | $ 204.79M | $ 89.19M |
| 2024 | N/A | N/A | N/A | $ 251.41M | $ 144.42M |
| 2023 | $ 89.69M | $ 6.56M | $ 29.48M | $ 255.84M | $ 183.38M |
| 2022 | $ 45.05M | $ -5.13M | $ -208.74M | $ 260.93M | $ 197.02M |
| 2021 | $ 33.50M | $ 3.21M | $ -59.11M | $ 184.33M | $ 109.36M |
| 2020 | $ 38.36M | $ -18.33M | $ -148.63M | $ 147.71M | $ 134.22M |
| 2019 | $ 42.65M | $ -20.00M | $ -151.64M | $ 309.01M | $ 105.76M |
| 2018 | $ 54.21M | $ -14.70M | $ -82.99M | $ 140.66M | $ 104.28M |
| 2017 | $ 53.03M | $ -18.06M | $ -54.87M | $ 103.95M | $ 106.09M |
| 2016 | $ 19.56M | $ -241.5K | $ -91.74M | $ 84.54M | $ 45.52M |
| 2015 | $ 18.36M | $ -11.94M | $ -76.95M | $ 24.23M | $ 34.15M |
| 2014 | $ 2.73M | $ 2.54M | $ -68.83M | $ 19.42M | $ 42.53M |
| 2013 | $ 19.94M | $ 9.24M | $ -16.11M | $ 1.70M | $ 14.80M |
| 2012 | $ 45.37M | $ -92.38M | $ 21.83M | $ 172.62M | $ 13.08M |
| 2011 | $ 61.26M | $ -277.84M | $ 34.55M | $ 182.40M | $ 76.70M |
| 2010 | $ 137.60M | $ 3.81M | $ 53.28M | $ 337.38M | $ 255.48M |
| 2009 | $ 163.50M | $ -76.00M | $ -301.38M | $ 399.09M | $ 247.20M |
| 2008 | $ 217.63M | $ 34.52M | $ -336.67M | $ 358.92M | $ 292.05M |
| 2007 | $ 381.96M | $ -74.31M | $ -616.22M | $ 427.52M | $ 211.41M |
| 2006 | $ 261.03M | $ 28.78M | $ 31.90M | $ 221.44M | $ 197.86M |
| 2005 | $ 369.78M | $ 104.00M | $ -883.16M | $ 564.10M | $ 369.66M |
| 2004 | $ 84.04M | $ 31.17M | $ -482.53M | $ 194.81M | $ 321.81M |
| 2003 | $ 34.95M | $ 2.47M | N/A | N/A | N/A |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 2.30 |
| Liabilities / Eq | 2.74 |
| Current Ratio | 0.61 |

## Other views

- [Metrics](https://sponda.capital/en/TOPS.md)
- [Charts](https://sponda.capital/en/TOPS/charts.md)
- [Compare](https://sponda.capital/en/TOPS/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-13.