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Side-by-side financial comparison of ASCENTAGE PHARMA GROUP INTERNATIONAL (AAPG) and TOP SHIPS INC. (TOPS). Click either name above to swap in a different company.

TOP SHIPS INC. is the larger business by last-quarter revenue ($36.6M vs $32.6M, roughly 1.1× ASCENTAGE PHARMA GROUP INTERNATIONAL).

Ascentage Pharma Group International is a global clinical-stage biotechnology company specializing in developing novel targeted therapies for cancers, chronic viral infections, and age-related diseases. It focuses on small molecule drugs targeting apoptosis pathways and other key oncogenic mechanisms, with operations spanning China, the U.S., and other global markets, serving patients with unmet medical needs worldwide.

Top Ships Inc. is a supply chain maritime transportation operations management company responsible for seaborne trade of raw materials. The company was founded by Evangelos J. Pistiolis on January 10, 2000 and is headquartered in Maroussi, Greece.

AAPG vs TOPS — Head-to-Head

Bigger by revenue
TOPS
TOPS
1.1× larger
TOPS
$36.6M
$32.6M
AAPG

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AAPG
AAPG
TOPS
TOPS
Revenue
$32.6M
$36.6M
Net Profit
$11.4M
$-4.5M
Gross Margin
90.7%
Operating Margin
22.0%
Net Margin
-12.2%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.96

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAPG
AAPG
TOPS
TOPS
Cash + ST InvestmentsLiquidity on hand
$20.4M
Total DebtLower is stronger
$216.6M
Stockholders' EquityBook value
$89.2M
Total Assets
$333.6M
Debt / EquityLower = less leverage
2.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAPG
AAPG
TOPS
TOPS
Q4 25
$20.4M
Q2 25
Total Debt
AAPG
AAPG
TOPS
TOPS
Q4 25
$216.6M
Q2 25
Stockholders' Equity
AAPG
AAPG
TOPS
TOPS
Q4 25
$89.2M
Q2 25
Total Assets
AAPG
AAPG
TOPS
TOPS
Q4 25
$333.6M
Q2 25
Debt / Equity
AAPG
AAPG
TOPS
TOPS
Q4 25
2.43×
Q2 25

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAPG
AAPG
TOPS
TOPS
Operating Cash FlowLast quarter
$26.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAPG
AAPG
TOPS
TOPS
Q4 25
$26.4M
Q2 25

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAPG
AAPG

Products$29.7M91%
Others$2.9M9%

TOPS
TOPS

Segment breakdown not available.

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