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TOP Ships (TOP Ships) Operating Margin % : 29.79% (As of Dec. 2023)


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What is TOP Ships Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. TOP Ships's Operating Income for the six months ended in Dec. 2023 was $12.45 Mil. TOP Ships's Revenue for the six months ended in Dec. 2023 was $41.80 Mil. Therefore, TOP Ships's Operating Margin % for the quarter that ended in Dec. 2023 was 29.79%.

The historical rank and industry rank for TOP Ships's Operating Margin % or its related term are showing as below:

TOPS' s Operating Margin % Range Over the Past 10 Years
Min: -33.15   Med: 17.3   Max: 40.35
Current: 34.63


TOPS's Operating Margin % is ranked better than
84.31% of 975 companies
in the Oil & Gas industry
Industry Median: 7.96 vs TOPS: 34.63

TOP Ships's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

TOP Ships's Operating Income for the six months ended in Dec. 2023 was $12.45 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $28.73 Mil.


TOP Ships Operating Margin % Historical Data

The historical data trend for TOP Ships's Operating 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.

* Premium members only.

TOP Ships Operating Margin % Chart

TOP Ships Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.58 17.54 28.32 40.35 34.63

TOP Ships Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.95 38.75 41.83 39.55 29.79

Competitive Comparison of TOP Ships's Operating Margin %

For the Oil & Gas Midstream subindustry, TOP Ships's Operating Margin %, along with its competitors' market caps and Operating 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's Operating Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TOP Ships's Operating Margin % distribution charts can be found below:

* The bar in red indicates where TOP Ships's Operating Margin % falls into.



TOP Ships Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

TOP Ships's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=28.727 / 82.949
=34.63 %

TOP Ships's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=12.454 / 41.804
=29.79 %

* 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  (AMEX:TOPS) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


TOP Ships Operating Margin % Related Terms

Thank you for viewing the detailed overview of TOP Ships's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


TOP Ships (TOP Ships) Business Description

Traded in Other Exchanges
Address
1 Vasilisis Sofias and Megalou Alexandrou Street, Maroussi, GRC, 15124
TOP Ships Inc owns tanker vessels throughout the world. The company focuses on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. It generates revenue from the Time Charter agreements.
Executives
Ronin Capital, Llc 10 percent owner 350 N. ORLEANS, SUITE 2N, CHICAGO IL 60654