TOP ShipsTOPS +1.80%49 Pretax Margin % is -12.23% as of Dec. 2025. GuruFocus rates TOPS with a GF Score™ of 49/100 and a GF Value™ of $4.24 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 916 Oil & Gas companies, TOP Ships ranks worse than 53.82% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. TOP Ships's Pre-Tax Income for the
six
months ended in Dec. 2025 was $-4.48 Mil. TOP Ships's Revenue for the
six
months ended in Dec. 2025 was $36.60 Mil. Therefore, TOP Ships's pretax margin for the quarter that ended in Dec. 2025 was -12.23%.
The historical rank and industry rank for TOP Ships's Pretax Margin % or its related term are showing as below:
TOPS'
s Pretax Margin % Range Over the Past 10 Years
Min: -37.89 Med: 3.77 Max: 23.49
Current: 3.84
TOPS's Pretax Margin % is ranked worse than 53.82% of 916
companies
in the Oil & Gas industry
Industry Median: 5.165
vs TOPS: 3.84
TOP Ships (AMEX:TOPS) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
TOP Ships Pretax Margin % Related Terms
TOP Ships Pretax Margin % Historical Data
* Premium members only.
The historical data trend for TOP Ships's Pretax 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: Pretax Margin % Comparison
For the Oil & Gas Midstream subindustry, TOP Ships's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TOP Ships's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where TOP Ships's Pretax 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 Pretax Margin % of -12.23% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on TOP Ships and its competitors. According to the industry distribution chart, TOP Ships ranks #493 out of 916 companies in the Oil & Gas industry, placing it in the top 53.8%.
Is TOP Ships' Pretax Margin % too high?
TOP Ships' current Pretax Margin % is -12.23%. Based on the distribution chart, TOP Ships ranks #493 out of 916 companies in the Oil & Gas industry, which is below the industry midpoint. 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' Pretax Margin % compare to RBNE and CWPE?
According to the Oil & Gas industry distribution chart, TOP Ships ranks #493 out of 916 companies for Pretax Margin %. This places TOP Ships in the lower half of its industry. The industry median Pretax Margin % is 5.17. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for an Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.17, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on TOP Ships and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOP Ships's current Pretax Margin % is -12.23%. 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 Pretax Margin % is -12.23%. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For TOP Ships (TOPS), the current Pretax Margin % is -12.23% 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:
Pretax Margin %: -12.23%
GF Value™: $4.24 vs. price of $0.91 (78.6% 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.
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