TOP Ships Inc. (TOPS) — Free Cash Flow Generation Index
TOP Ships Inc. (TOPS) has a Free Cash Flow Generation Index of 0.19x as of March 2026. Free cash flow of $1.38 Million represents 0% of operating cash flow ($7.21 Million). Explore TOPS capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
TOP Ships Inc. Free Cash Flow Generation Index (2002–2025)
Historical FCF Generation Index trend for TOP Ships Inc. across 21 annual periods. For the full cash flow conversion analysis, see cash flow conversion of TOP Ships Inc..
Annual Free Cash Flow Generation for TOP Ships Inc. (2002–2025)
Year-by-year Free Cash Flow Generation Index for TOP Ships Inc.. Check total reinvestment intensity of TOP Ships Inc. to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.65x | $17.12 Million | $26.43 Million | $9.31 Million | ▼ -35.2% |
| 2024 | 1.00x | $17.32 Million | $17.32 Million | $0.00 | ▲ +0.0% |
| 2023 | 1.00x | $28.93 Million | $28.93 Million | $0.00 | ▲ +118.2% |
| 2022 | -5.48x | $-183.29 Million | $33.42 Million | $216.71 Million | ▲ +11.4% |
| 2021 | -6.19x | $-99.45 Million | $16.06 Million | $115.51 Million | ▲ +67.4% |
| 2020 | -19.00x | $-114.78 Million | $6.04 Million | $120.82 Million | ▼ -98.2% |
| 2019 | -9.59x | $-184.04 Million | $19.19 Million | $203.23 Million | ▲ +89.1% |
| 2018 | -87.76x | $-62.84 Million | $716.00K | $63.55 Million | ▼ -49.7% |
| 2017 | -58.61x | $-40.73 Million | $695.00K | $41.43 Million | ▼ -489.3% |
| 2016 | -9.95x | $-66.68 Million | $6.70 Million | $73.38 Million | ▼ -169.5% |
| 2013 | -3.69x | $-11.33 Million | $3.07 Million | $14.40 Million | ▼ -469.2% |
| 2012 | 1.00x | $15.12 Million | $15.13 Million | $7.00K | ▲ +2.3% |
| 2011 | 0.98x | $15.42 Million | $15.78 Million | $356.00K | ▼ -1.1% |
| 2010 | 0.99x | $35.19 Million | $35.60 Million | $416.00K | ▲ +13.2% |
| 2009 | 0.87x | $5.74 Million | $6.58 Million | $836.00K | ▲ +104.7% |
| 2008 | -18.77x | $-222.35 Million | $11.85 Million | $234.19 Million | ▼ -3750.5% |
| 2006 | -0.49x | $-10.27 Million | $21.07 Million | $31.34 Million | ▲ +92.1% |
| 2005 | -6.16x | $-583.27 Million | $94.67 Million | $677.94 Million | ▲ +45.8% |
| 2004 | -11.37x | $-325.15 Million | $28.60 Million | $353.75 Million | ▼ -229.0% |
| 2003 | -3.46x | $-17.03 Million | $4.93 Million | $21.96 Million | ▲ +48.4% |
| 2002 | -6.70x | $-16.14 Million | $2.41 Million | $18.55 Million | — |