Top Ships Inc. (TOPS) stock

TOPSNYSEDeep Sea Foreign Transportation of FreightFiscal year ends December 31

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 1, 2026Score 0/30

$2.70−0.11 (-3.91%)

Close on Nov 13, 2026Market cap $12.76MP/E 4.0Yield –

Top Ships EV/EBITDA

EV/EBITDA is enterprise value divided by EBITDA over the trailing twelve months.

Top Ships's EV/EBITDA was 10.4× on Nov 11, 2026, against 19.2× a year earlier. Over the last 5 years it ranged from 6.2× to 70.1×, with a median of 13.6×.

EV/EBITDA at the end of each year

Period	Period end	Value	Change (pts)
2026	Nov 11, 2026	10.4×	−6.4
2025	Dec 31, 2025	16.8×	+7.1
2024	Dec 31, 2024	9.7×	−5.8
2023	Dec 29, 2023	15.5×	−0.3
2022	Dec 30, 2022	15.7×	−5.9
2021	Feb 26, 2021	21.6×	−48.2
2020	Dec 31, 2020	69.8×	+0.8
2019	Feb 28, 2019	69.0×	+14.1
2018	Dec 31, 2018	55.0×	+33.8
2017	Dec 29, 2017	21.1×	−42.2
2016	Feb 29, 2016	63.3×	−3.8
2015	Dec 31, 2015	67.2×	+61.2
2012	Feb 29, 2012	6.0×	+0.0
2011	Dec 30, 2011	6.0×	–