FCF Margin % is calculated as Free Cash Flow divided by its Revenue. TOP Ships's Free Cash Flow for the
six
months ended in Dec. 2025 was $1.38 Mil. TOP Ships's Revenue for the
six
months ended in Dec. 2025 was $36.60 Mil. Therefore, TOP Ships's FCF Margin % for the quarter that ended in Dec. 2025 was 3.76%.
The historical rank and industry rank for TOP Ships's FCF Margin % or its related term are showing as below:
TOPS'
s FCF Margin % Range Over the Past 10 Years
Min: -278.53 Med: -164.77 Max: 34.88
Current: 21.29
During the past 13 years, the highest FCF Margin % of TOP Ships was 34.88%. The lowest was -278.53%. And the median was -164.77%.
TOPS's FCF Margin % is ranked better than 83.98% of 905
companies
in the Oil & Gas industry
Industry Median: 3.31
vs TOPS: 21.29
TOP Ships FCF Margin % Related Terms
TOP Ships FCF Margin % Historical Data
* Premium members only.
The historical data trend for TOP Ships's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TOPS vs RBNE, CWPE, MARPS: FCF Margin % Comparison
For the Oil & Gas Midstream subindustry, TOP Ships's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
TOP Ships FCF Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TOP Ships's FCF Margin % distribution charts can be found below:
* The bar in red indicates where TOP Ships's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TOP Ships (TOPS) has a FCF Margin % of 3.76% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on TOP Ships and its competitors. According to the industry distribution chart, TOP Ships ranks #145 out of 905 companies in the Oil & Gas industry, placing it in the top 16%.
Is TOP Ships' FCF Margin % too high?
TOP Ships' current FCF Margin % is 3.76%. The Oil & Gas industry median FCF Margin % is 3.31. TOP Ships' value of 3.76% is 13.6% above this industry median. Based on the distribution chart, TOP Ships ranks #145 out of 905 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, TOP Ships has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TOP Ships' FCF Margin % compare to RBNE and CWPE?
According to the Oil & Gas industry distribution chart, TOP Ships ranks #145 out of 905 companies for FCF Margin %. This places TOP Ships in the top 16% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 3.31. TOP Ships' value of 3.76% is 13.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Oil & Gas company?
The median FCF Margin % among Oil & Gas companies is 3.31, based on 905 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TOP Ships's current FCF Margin % of 3.76% is 13.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on TOP Ships and its competitors. For the Oil & Gas industry, the median FCF Margin % is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOP Ships's current FCF Margin % is 3.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOP Ships stock overvalued right now?
Based on GuruFocus' analysis, TOP Ships (TOPS) is currently considered Possible Value Trap. The stock's GF Value™ is $4.24, compared to a current price of $0.91 — trading 78.6% below its estimated fair value. The current FCF Margin % is 3.76% and 13.6% above the Oil & Gas industry median of 3.31. TOP Ships' overall GF Score™ is 49/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For TOP Ships (TOPS), the current FCF Margin % is 3.76% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is TOP Ships (TOPS) Overvalued in 2026?
Based on GuruFocus' analysis, TOP Ships stock appears to be undervalued.
The current stock price of $0.91 is trading 78.6% below its estimated GF Value™ of $4.24.
GuruFocus considers TOP Ships to be Possible Value Trap.
Key valuation signals for TOPS:
FCF Margin %: 3.76%
GF Value™: $4.24 vs. price of $0.91 (78.6% below fair value)
Industry Position: 13.6% above the Oil & Gas median (#145 of 905)
No single metric tells the full story. See the TOPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOP Ships Inc owns tanker vessels throughout the world. The Company is an international owner and operator of modern, fuel-efficient eco-tanker vessels, focusing on the transportation of crude oil, petroleum products (both clean and dirty), and bulk liquid chemicals. It generates revenue from the Time Charter agreements. The company operates in two reportable segments: (i) the tanker segment and (ii) the megayacht segment.
49GF Score
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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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