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). See TOP Ships Inc. current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
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. Explore TOPS operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for TOP Ships Inc. (2002–2025)
Year-by-year Free Cash Flow Generation Index for TOP Ships Inc.. For the full company profile including market capitalisation, see market value of TOP Ships Inc..
| 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 | — |