Top Ships Inc. (TOPS) Earnings History
Annual and quarterly earnings data from 2002 to 2024
Loading earnings history...
TOPS EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
TOPS Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 43.7% | 32.4% | 5.8% |
| 2023 | 58.4% | 34.6% | 7.3% |
| 2022 | 44.9% | 40.4% | 23.5% |
| 2021 | 36.4% | 28.3% | 15.3% |
| 2020 | 41.3% | 18.4% | -37.9% |
Download Data
Export TOPS earnings history in CSV or JSON format
Free sign-in required to download data
Top Ships Inc. (TOPS) Earnings Overview
As of May 8, 2026, Top Ships Inc. (TOPS) reported trailing twelve-month net income of $1M, reflecting +108.8% year-over-year growth. The company earned $0.82 per diluted share over the past four quarters, with a net profit margin of 5.8%.
Looking at the long-term picture, TOPS's historical earnings data spans multiple years. The company achieved its highest annual net income of $69M in fiscal 2005.
Top Ships Inc. maintains positive profitability with a gross margin of 43.7%, operating margin of 32.4%, and net margin of 5.8%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including SBLK ($84M net income, 8.1% margin), SHIP ($15M net income, 13.2% margin), CTRM (-$44M net income, 22.1% margin), TOPS has room to improve margins relative to the peer group. Compare TOPS vs SBLK →
TOPS Earnings vs Peers
Earnings metrics vs comparable public companies
TOPS Historical Earnings Data (2002–2024)
23 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $5M | -17.0% | $28M | $1.09 | 5.8% | 32.4% |
| 2023 | $6M | -68.0% | $29M | $-12.44 | 7.3% | 34.6% |
| 2022 | $19M | +119.9% | $33M | $-36.34 | 23.5% | 40.4% |
| 2021 | $9M | +137.8% | $16M | $24.65 | 15.3% | 28.3% |
| 2020 | -$23M | -54.5% | $11M | $-293.70 | -37.9% | 18.4% |
| 2019 | -$15M | -32.7% | $17M | $-63502.00 | -22.4% | 25.5% |
| 2018 | -$11M | +16.8% | -$4M | $-754095.18 | -27.1% | -9.5% |
| 2017 | -$13M | -1371.6% | $2M | $-999999.00 | -34.0% | 4.1% |
| 2016 | $1M | +112.4% | $5M | $-351000.00 | 3.7% | 17.1% |
| 2015 | -$9M | -393.8% | -$4M | $-999999.00 | -65.1% | -33.2% |
See TOPS's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs TOPS Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare TOPS vs SPIR
Side-by-side business, growth, and profitability comparison vs Spire Global, Inc..
Start ComparisonTOPS — Frequently Asked Questions
Quick answers to the most common questions about buying TOPS stock.
Is TOPS growing earnings?
TOPS EPS is $0.82, with earnings growth accelerating to +108.8%. This exceeds the 5-year CAGR of N/A. TTM net income reached $1M.
What are TOPS's profit margins?
Top Ships Inc. net margin is +5.8%, with operating margin at +32.4%. Margins sit within typical range for the sector.
How consistent are TOPS's earnings?
TOPS earnings data spans 2002-2024. The accelerating earnings trend is +108.8% YoY. Historical data enables comparison across business cycles.