Last 22 quarters of trend data · Industrials · Marine Shipping
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '18 | Q2 '18 | Q4 '17 | Q2 '17 | Q4 '16 | Q2 '16 | Q4 '15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 0.42 | 0.05 | — | 0.08 | — | 0.28 | 0.06 | — | 0.36 | 4.16 | — | — | — | — | — | — | — | — | — | 0.25 | — |
| — | -81.2% | — | — | — | -93.1% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.02 | 0.05 | 0.13 | 0.09 | 0.39 | — | — | 0.02 | 0.02 | — | — | — | — | — |
| — | -29.3% | +138.4% | -33.4% | -68.8% | -90.9% | -93.1% | -94.7% | — | — | +403.8% | +1705.3% | — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.00 | 0.01 | 0.03 | 0.05 | 0.04 | 0.18 | 394.66 | — | 0.10 | 0.11 | 24955.58 | — | 124978.25 | — | 60840.72 |
| — | -12.5% | +822.2% | +125.8% | -49.9% | -80.0% | -92.9% | -95.3% | -100.0% | — | -63.6% | +59.9% | -98.4% | — | -100.0% | — | -59.0% | — | -72.0% | — | — | |
| P/FCF | 0.08 | — | 0.38 | 0.04 | 0.05 | 0.04 | 0.01 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | +5726.5% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 3.85 | 3.68 | 2.02 | 2.63 | 2.84 | 2.59 | 3.78 | 4.78 | 4.82 | 12.08 | 2.74 | 14.61 | — | — | 10.53 | — | — | — | — | — | — |
| — | +42.3% | -46.7% | -44.9% | -41.2% | -78.6% | +38.2% | -67.3% | — | — | -74.0% | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 7.07 | 5.39 | 5.80 | 3.62 | 4.88 | 3.72 | 6.89 | 8.66 | 8.79 | 19.53 | 5.41 | 49.05 | — | — | — | — | — | — | — | — | — |
| — | +45.0% | -15.8% | -58.2% | -44.5% | -81.0% | +27.4% | -82.3% | — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '18 | Q2 '18 | Q4 '17 | Q2 '17 | Q4 '16 | Q2 '16 | Q4 '15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.9% | 51.8% | 58.5% | 59.0% | 59.6% | 57.2% | 64.3% | 58.9% | 55.1% | 45.0% | 59.6% | 60.8% | 56.6% | 41.7% | 47.2% | 45.4% | 48.8% | 46.2% | 46.3% | 32.2% | 24.6% |
| — | -9.5% | -9.1% | +0.1% | +8.3% | +27.3% | +8.0% | -3.1% | -2.7% | +7.7% | +26.1% | +33.8% | +15.8% | -9.7% | +2.1% | +40.9% | +98.6% | +258.3% | +18.4% | — | — | |
| Operating Margin | 32.7% | 45.6% | 22.0% | 41.6% | 29.8% | 39.6% | 41.8% | 38.8% | 34.0% | 21.4% | 44.6% | 9.3% | 30.0% | 17.9% | -1.8% | -17.8% | 10.7% | -2.9% | 29.7% | -1.3% | -20.8% |
| — | +15.3% | -47.5% | +7.5% | -12.3% | +84.8% | -6.2% | +314.9% | +13.0% | +19.4% | +2554.6% | +152.5% | +181.6% | +709.9% | -106.1% | -1288.0% | +151.4% | +94.7% | +10932.8% | — | — | |
| Net Margin | 3.8% | 25.5% | -12.2% | 17.3% | 0.7% | 14.0% | 9.4% | -33.8% | 14.9% | 3.0% | -75.3% | -24.4% | -43.4% | -51.1% | -21.1% | -33.7% | -37.1% | -30.8% | -3.8% | 2.5% | -37.6% |
| — | +81.4% | -230.1% | +151.1% | -95.3% | +363.1% | +112.5% | -38.2% | +134.3% | +105.9% | -256.9% | +27.4% | -17.2% | -65.9% | -453.5% | -1449.3% | +1.3% | +73.0% | -103.2% | — | — |
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '18 | Q2 '18 | Q4 '17 | Q2 '17 | Q4 '16 | Q2 '16 | Q4 '15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.6% | 7.1% | -4.1% | 4.9% | 0.2% | 3.0% | 1.0% | -4.4% | 2.0% | 0.3% | -7.6% | -3.2% | -7.9% | -7.7% | -4.4% | -6.4% | -8.4% | -9.8% | -0.8% | 0.4% | -8.8% |
| — | +136.1% | -508.8% | +211.6% | -92.0% | +920.6% | +113.3% | -34.8% | +125.0% | +103.8% | -70.7% | +49.7% | +5.4% | +21.7% | -483.2% | -1713.4% | +5.2% | +26.9% | -117.8% | — | — | |
| ROA | 0.8% | 1.8% | -1.2% | 1.7% | 0.1% | 1.3% | 0.4% | -1.6% | 0.7% | 0.1% | -2.9% | -0.9% | -1.8% | -2.2% | -1.9% | -3.0% | -3.7% | -3.5% | -0.2% | 0.1% | -5.0% |
| — | +45.4% | -383.4% | +205.0% | -90.5% | +962.6% | +114.5% | -78.8% | +137.3% | +105.3% | -52.3% | +69.8% | +51.0% | +36.9% | -680.4% | -2146.7% | +25.9% | +58.5% | -110.7% | — | — | |
| ROIC | 6.0% | 2.8% | 1.8% | 3.5% | 2.3% | 2.8% | 1.5% | 1.5% | 1.3% | 0.7% | 1.4% | 0.3% | 1.0% | 0.6% | -0.1% | -1.3% | 0.9% | -0.3% | 1.6% | -0.1% | -2.8% |
| — | +0.1% | +23.1% | +126.8% | +77.0% | +312.5% | +8.1% | +449.2% | +21.6% | +5.4% | +1154.6% | +120.6% | +16.9% | +338.3% | -108.3% | -1883.0% | +131.8% | +93.1% | +27878.6% | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '18 | Q2 '18 | Q4 '17 | Q2 '17 | Q4 '16 | Q2 '16 | Q4 '15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.30 | 2.81 | 2.30 | 2.11 | 1.40 | 1.35 | 1.32 | 1.43 | 1.69 | 1.71 | 1.10 | 1.99 | 2.92 | 2.99 | 1.35 | 1.07 | 0.97 | 1.43 | 1.86 | 1.85 | 0.71 |
| — | +108.5% | +73.4% | +47.9% | -17.2% | -20.9% | +20.3% | -28.1% | -42.3% | -43.0% | -18.4% | +85.1% | +201.5% | +109.3% | -27.4% | -41.8% | +36.6% | — | +306.7% | — | — | |
| Debt / EBITDA | 4.25 | 15.35 | 8.86 | 10.71 | 13.03 | 10.68 | 16.39 | 20.04 | 19.19 | 48.78 | 12.15 | 54.55 | 34.25 | 52.70 | 41.70 | — | 19.81 | 47.13 | 22.98 | 132.02 | — |
| — | +43.8% | -45.9% | -46.6% | -32.1% | -78.1% | +34.9% | -63.3% | -44.0% | -7.4% | -70.9% | — | +72.9% | +11.8% | +81.4% | — | — | — | -52.5% | — | — | |
| Current Ratio | 0.61 | 0.48 | 0.61 | 0.38 | 0.94 | 0.23 | 0.71 | 0.47 | 0.70 | 0.67 | 1.77 | 0.28 | 0.67 | 0.15 | 0.14 | 0.15 | 1.14 | 0.28 | 0.23 | 0.17 | 0.29 |
| — | +111.0% | -14.4% | -20.5% | +33.1% | -66.5% | -60.0% | +68.4% | +4.6% | +338.1% | +1135.2% | +86.3% | -40.8% | -46.0% | -36.6% | -10.9% | +293.9% | -98.2% | +72.4% | — | — | |
| Quick Ratio | 0.59 | 0.46 | 0.59 | 0.36 | 0.91 | 0.21 | 0.68 | 0.45 | 0.70 | 0.66 | 1.75 | 0.25 | 0.66 | 0.13 | 0.13 | 0.14 | 1.11 | 0.25 | 0.20 | 0.15 | 0.27 |
| — | +120.0% | -12.5% | -20.3% | +31.1% | -68.6% | -61.3% | +77.4% | +5.4% | +392.4% | +1273.6% | +86.6% | -40.4% | -46.5% | -35.4% | -9.0% | +317.0% | -98.4% | +104.2% | — | — | |
| Interest Coverage | 1.19 | 2.02 | 0.60 | 1.83 | 0.92 | 1.55 | 1.18 | 1.09 | 1.27 | 0.95 | — | — | — | — | — | — | — | — | — | — | — |
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Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying TOPS stock.
Top Ships Inc.'s current P/E is 0.4x. The average P/E over the last 2 quarters is 0.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Top Ships Inc.'s current operating margin is 32.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Top Ships Inc.'s business trajectory between earnings reports.