Top Ships annual free cash flow
2009
2010
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2014
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2021
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2023
2024
2025
Top Ships Free Cash Flow (FCF) History (TOPS)
Top Ships reported $17.1M in free cash flow for fiscal 2025, a decrease of 1.16% from the previous fiscal year, with a free cash flow margin of 21.29%.
View full Top Ships company overviewTop Ships free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $17.1M | −$201,000 | −1.16% | +21.29% |
| 2024 | 2024-12-31 | $17.3M | −$11.6M | −40.13% | — |
| 2023 | 2023-12-31 | $28.9M | $212.2M | — | — |
| 2022 | 2022-12-31 | −$183.3M | −$199.4M | — | −227.26% |
| 2021 | 2021-12-31 | $16.1M | $10.0M | +165.91% | +28.49% |
| 2020 | 2020-12-31 | $6.0M | $35.0M | — | +10.03% |
| 2019 | 2019-12-31 | −$28.9M | −$29.7M | — | −43.80% |
| 2018 | 2018-12-31 | $716,000 | $34.7M | — | +1.74% |
| 2017 | 2017-12-31 | −$34.0M | $32.7M | — | −86.31% |
| 2016 | 2016-12-31 | −$66.7M | −$65.3M | — | −234.51% |
| 2015 | 2015-12-31 | −$1.4M | $1.5M | — | −10.65% |
| 2014 | 2014-12-31 | −$2.9M | $8.4M | — | −80.98% |
| 2013 | 2013-12-31 | −$11.3M | −$26.5M | — | −56.44% |
| 2012 | 2012-12-31 | $15.1M | −$301,000 | −1.95% | +48.12% |
| 2011 | 2011-12-31 | $15.4M | −$19.8M | −56.17% | +19.35% |
| 2010 | 2010-12-31 | $35.2M | $29.4M | +513.00% | +38.72% |
| 2009 | 2009-12-31 | $5.7M | — | — | +12.12% |
Top Ships quarterly free cash flow
Q1.14
Q2.14
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2014 | 2014-06-30 | −$29.1M | — | — | −17108.24% |
| Q1 2014 | 2014-03-31 | −$7.4M | — | — | −1645.66% |
Top Ships free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $6.0M to $17.1M, a compound annual growth rate of 23.17%. Top Ships's latest reported quarter, Q2 2014, generated −$29.1M in free cash flow.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Top Ships filings at SEC.gov ↗