TOPS
Top Ships Inc.
Marine Shipping
Market Cap$10M
5Y Perf.-99.7%
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Stock Comparison
TOPS vs PSHG
Revenue, margins, valuation, and 5-year total return — side by side.
PSHG
Performance Shipping Inc.
Marine Shipping
Market Cap$71M
5Y Perf.-98.2%
TOPS vs PSHG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | TOPS | PSHG |
|---|---|---|
| Industry | Marine Shipping | Marine Shipping |
| Market Cap | $10M | $71M |
| Revenue (TTM) | $123M | $80M |
| Net Income (TTM) | $1M | $52M |
| Gross Margin | 59.5% | 55.4% |
| Operating Margin | 36.5% | 63.7% |
| Forward P/E | 2.0x | 1.7x |
| Total Debt | $251M | $48M |
| Cash & Equiv. | $8M | $70M |
TOPS vs PSHG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
TOPS
PSHG
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Top Ships Inc. (TOPS) | 100 | 0.3 | -99.7% |
| Performance Shippin… (PSHG) | 100 | 1.8 | -98.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TOPS vs PSHG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: PSHG leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Top Ships Inc. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
TOPS
Top Ships Inc.
The Income Pick
TOPS is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.54
- Rev growth 3.8%, EPS growth 108.8%, 3Y rev CAGR 15.2%
- Lower volatility, beta 0.54, current ratio 0.71x
Best for: income & stability and growth exposure
PSHG
Performance Shipping Inc.
The Long-Run Compounder
PSHG carries the broadest edge in this set and is the clearest fit for long-term compounding.
- -99.8% 10Y total return vs TOPS's -100.0%
- Lower P/E (1.7x vs 2.0x)
- 65.4% margin vs TOPS's 1.2%
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | TOPS | 3.8% revenue growth vs PSHG's -19.7% |
| Value | PSHG | Lower P/E (1.7x vs 2.0x) |
| Quality / Margins | PSHG | 65.4% margin vs TOPS's 1.2% |
| Stability / Safety | TOPS | Beta 0.54 vs PSHG's 0.68 |
| Dividends | PSHG | 2.6% yield; the other pay no meaningful dividend |
| Momentum (1Y) | PSHG | +14.6% vs TOPS's -61.1% |
| Efficiency (ROA) | PSHG | 9.4% ROA vs TOPS's 0.3%, ROIC 13.3% vs 5.3% |
TOPS vs PSHG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2021
FY 2024
TOPS vs PSHG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLPSHGLAGGINGTOPS
TOPSTop Ships Inc.
1leads
PSHGPerformance Shipping …
3leads
6 Total Categories
CATEGORYLEADERvs TOPSMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
PSHG4/6
Valuation MetricsMultiples, price ratios, and targets
TOPS3/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
PSHG9/9
Total Returns1Y, 3Y, 5Y total returns with dividends
PSHG6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
PSHG leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
TOPS is the larger business by revenue, generating $123M annually — 1.5x PSHG's $80M. PSHG is the more profitable business, keeping 65.4% of every revenue dollar as net income compared to TOPS's 1.2%. On growth, TOPS holds the edge at +100.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | TOPSTop Ships Inc. | PSHGPerformance Shipp… |
|---|---|---|
| RevenueTrailing 12 months | $123M | $80M |
| EBITDAEarnings before interest/tax | $66M | $64M |
| Net IncomeAfter-tax profit | $1M | $52M |
| Free Cash FlowCash after capex | -$63M | -$35M |
| Gross MarginGross profit ÷ Revenue | +59.5% | +55.4% |
| Operating MarginEBIT ÷ Revenue | +36.5% | +63.7% |
| Net MarginNet income ÷ Revenue | +1.2% | +65.4% |
| FCF MarginFCF ÷ Revenue | -50.9% | -44.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +100.0% | -19.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -3.2% | -70.5% |
PSHG leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
TOPS leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
At 1.7x trailing earnings, PSHG trades at a 16% valuation discount to TOPS's 2.0x P/E. On an enterprise value basis, PSHG's 0.9x EV/EBITDA is more attractive than TOPS's 5.0x.
| Metric | TOPSTop Ships Inc. | PSHGPerformance Shipp… |
|---|---|---|
| Market CapShares × price | $10M | $71M |
| Enterprise ValueMkt cap + debt − cash | $254M | $48M |
| Trailing P/EPrice ÷ TTM EPS | 2.02x | 1.69x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 4.97x | 0.86x |
| Price / SalesMarket cap ÷ Revenue | 0.12x | 0.81x |
| Price / BookPrice ÷ Book value/share | 0.07x | 0.26x |
| Price / FCFMarket cap ÷ FCF | 0.59x | 5.69x |
TOPS leads this category, winning 3 of 5 comparable metrics.
Profitability & Efficiency
PSHG leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
PSHG delivers a 16.5% return on equity — every $100 of shareholder capital generates $16 in annual profit, vs $1 for TOPS. PSHG carries lower financial leverage with a 0.17x debt-to-equity ratio, signaling a more conservative balance sheet compared to TOPS's 1.74x. On the Piotroski fundamental quality scale (0–9), PSHG scores 5/9 vs TOPS's 4/9, reflecting solid financial health.
| Metric | TOPSTop Ships Inc. | PSHGPerformance Shipp… |
|---|---|---|
| ROE (TTM)Return on equity | +0.8% | +16.5% |
| ROA (TTM)Return on assets | +0.3% | +9.4% |
| ROICReturn on invested capital | +5.3% | +13.3% |
| ROCEReturn on capital employed | +6.9% | +14.0% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 1.74x | 0.17x |
| Net DebtTotal debt minus cash | $244M | -$23M |
| Cash & Equiv.Liquid assets | $8M | $70M |
| Total DebtShort + long-term debt | $251M | $48M |
| Interest CoverageEBIT ÷ Interest expense | 1.91x | 19.08x |
PSHG leads this category, winning 9 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
PSHG leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PSHG five years ago would be worth $271 today (with dividends reinvested), compared to $56 for TOPS. Over the past 12 months, PSHG leads with a +14.6% total return vs TOPS's -61.1%. The 3-year compound annual growth rate (CAGR) favors PSHG at 34.1% vs TOPS's -37.2% — a key indicator of consistent wealth creation.
| Metric | TOPSTop Ships Inc. | PSHGPerformance Shipp… |
|---|---|---|
| YTD ReturnYear-to-date | -53.6% | -17.4% |
| 1-Year ReturnPast 12 months | -61.1% | +14.6% |
| 3-Year ReturnCumulative with dividends | -75.2% | +141.3% |
| 5-Year ReturnCumulative with dividends | -99.4% | -97.3% |
| 10-Year ReturnCumulative with dividends | -100.0% | -99.8% |
| CAGR (3Y)Annualised 3-year return | -37.2% | +34.1% |
PSHG leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — TOPS and PSHG each lead in 1 of 2 comparable metrics.
Risk & Volatility
TOPS is the less volatile stock with a 0.54 beta — it tends to amplify market swings less than PSHG's 0.68 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PSHG currently trades 70.2% from its 52-week high vs TOPS's 19.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | TOPSTop Ships Inc. | PSHGPerformance Shipp… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.54x | 0.68x |
| 52-Week HighHighest price in past year | $11.47 | $2.58 |
| 52-Week LowLowest price in past year | $2.11 | $1.40 |
| % of 52W HighCurrent price vs 52-week peak | +19.2% | +70.2% |
| RSI (14)Momentum oscillator 0–100 | 24.7 | 49.3 |
| Avg Volume (50D)Average daily shares traded | 210K | 139K |
Evenly matched — TOPS and PSHG each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
PSHG is the only dividend payer here at 2.58% yield — a key consideration for income-focused portfolios.
| Metric | TOPSTop Ships Inc. | PSHGPerformance Shipp… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | — |
| Price TargetConsensus 12-month target | — | — |
| # AnalystsCovering analysts | — | — |
| Dividend YieldAnnual dividend ÷ price | — | +2.6% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | — | $0.05 |
| Buyback YieldShare repurchases ÷ mkt cap | +100.0% | 0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
PSHG leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TOPS leads in 1 (Valuation Metrics). 1 tied.
Best OverallPerformance Shipping Inc. (PSHG)Leads 3 of 6 categories
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TOPS vs PSHG: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is TOPS or PSHG a better buy right now?
For growth investors, Top Ships Inc.
(TOPS) is the stronger pick with 3. 8% revenue growth year-over-year, versus -19. 7% for Performance Shipping Inc. (PSHG). Performance Shipping Inc. (PSHG) offers the better valuation at 1. 7x trailing P/E, making it the more compelling value choice. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — TOPS or PSHG?
On trailing P/E, Performance Shipping Inc.
(PSHG) is the cheapest at 1. 7x versus Top Ships Inc. at 2. 0x.
03Which is the better long-term investment — TOPS or PSHG?
Over the past 5 years, Performance Shipping Inc.
(PSHG) delivered a total return of -97. 3%, compared to -99. 4% for Top Ships Inc. (TOPS). Over 10 years, the gap is even starker: PSHG returned -99. 8% versus TOPS's -100. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — TOPS or PSHG?
By beta (market sensitivity over 5 years), Top Ships Inc.
(TOPS) is the lower-risk stock at 0. 54β versus Performance Shipping Inc. 's 0. 68β — meaning PSHG is approximately 25% more volatile than TOPS relative to the S&P 500. On balance sheet safety, Performance Shipping Inc. (PSHG) carries a lower debt/equity ratio of 17% versus 174% for Top Ships Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — TOPS or PSHG?
By revenue growth (latest reported year), Top Ships Inc.
(TOPS) is pulling ahead at 3. 8% versus -19. 7% for Performance Shipping Inc. (PSHG). On earnings-per-share growth, the picture is similar: Top Ships Inc. grew EPS 108. 8% year-over-year, compared to -44. 0% for Performance Shipping Inc.. Over a 3-year CAGR, PSHG leads at 33. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — TOPS or PSHG?
Performance Shipping Inc.
(PSHG) is the more profitable company, earning 50. 0% net margin versus 5. 8% for Top Ships Inc. — meaning it keeps 50. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PSHG leads at 47. 8% versus 32. 4% for TOPS. At the gross margin level — before operating expenses — PSHG leads at 57. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Which pays a better dividend — TOPS or PSHG?
In this comparison, PSHG (2.
6% yield) pays a dividend. TOPS does not pay a meaningful dividend and should not be held primarily for income.
08Is TOPS or PSHG better for a retirement portfolio?
For long-horizon retirement investors, Performance Shipping Inc.
(PSHG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 68), 2. 6% yield). Both have compounded well over 10 years (PSHG: -99. 8%, TOPS: -100. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between TOPS and PSHG?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
PSHG pays a dividend while TOPS does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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