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TOP Ships's gross profit for the
six
months ended in Dec. 2025 was $6.42 Mil. TOP Ships's gross profit for the trailing twelve months (TTM) ended in Dec. 2025 was $36.95 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. TOP Ships's gross profit for the
six
months ended in Dec. 2025 was $6.42 Mil. TOP Ships's Revenue for the
six
months ended in Dec. 2025 was $36.60 Mil. Therefore, TOP Ships's Gross Margin % for the quarter that ended in Dec. 2025 was 17.54%.
TOP Ships had a gross margin of 17.54% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of TOP Ships was 45.95%. The lowest was 22.65%. And the median was 37.22%.
TOP Ships (AMEX:TOPS) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
TOP Ships had a gross margin of 17.54% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
TOP Ships Gross Profit Related Terms
TOP Ships Gross Profit Historical Data
* Premium members only.
The historical data trend for TOP Ships's Gross Profit 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: Gross Profit Comparison
For the Oil & Gas Midstream subindustry, TOP Ships's Gross Profit, along with its competitors' market caps and Gross Profit 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 Gross Profit vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TOP Ships's Gross Profit distribution charts can be found below:
* The bar in red indicates where TOP Ships's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $36.95 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
TOP Ships (TOPS) has a Gross Profit of $36.95 Mil as of Dec. 2025. Gross Profit equals net sales less total cost of goods sold. View historical data on TOP Ships and its competitors.
Is TOP Ships' Gross Profit too high?
TOP Ships' current Gross Profit is $36.95 Mil. 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' Gross Profit compare to RBNE and CWPE?
TOP Ships' Gross Profit of $36.95 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for an Oil & Gas company?
A good Gross Profit depends on the Oil & Gas industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on TOP Ships and its competitors. TOP Ships's current Gross Profit is $36.95 Mil. 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 $4.16, compared to a current price of $0.64 — trading 84.6% below its estimated fair value. The current Gross Profit is $36.95 Mil. 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 Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For TOP Ships (TOPS), the current Gross Profit is $36.95 Mil 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 $0.64 is trading 84.6% below its estimated GF Value™ of $4.16.
GuruFocus considers TOP Ships to be Possible Value Trap.
Key valuation signals for TOPS:
Gross Profit: $36.95 Mil
GF Value™: $4.16 vs. price of $0.64 (84.6% below fair value)
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
Get the complete analysis for TOPS
Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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