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Side-by-side financial comparison of Elme Communities (ELME) and TOP SHIPS INC. (TOPS). Click either name above to swap in a different company.

Elme Communities is the larger business by last-quarter revenue ($62.1M vs $36.6M, roughly 1.7× TOP SHIPS INC.). TOP SHIPS INC. runs the higher net margin — -12.2% vs -198.9%, a 186.7% gap on every dollar of revenue.

Elme Communities is a publicly traded U.S. real estate investment trust that primarily owns, operates and develops high-quality multifamily residential communities. It focuses on key growth markets across the U.S. Mid-Atlantic and Southeast, offering affordable to mid-tier housing options for diverse renter groups.

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.

ELME vs TOPS — Head-to-Head

Bigger by revenue
ELME
ELME
1.7× larger
ELME
$62.1M
$36.6M
TOPS
Higher net margin
TOPS
TOPS
186.7% more per $
TOPS
-12.2%
-198.9%
ELME

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ELME
ELME
TOPS
TOPS
Revenue
$62.1M
$36.6M
Net Profit
$-123.5M
$-4.5M
Gross Margin
61.1%
Operating Margin
-183.3%
22.0%
Net Margin
-198.9%
-12.2%
Revenue YoY
1.7%
Net Profit YoY
-4058.7%
EPS (diluted)
$-1.40
$-0.96

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

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ELME
ELME
TOPS
TOPS
Q4 25
$36.6M
Q3 25
$62.1M
Q2 25
$62.1M
Q1 25
$61.5M
Q4 24
$61.3M
Q3 24
$61.1M
Q2 24
$60.1M
Q1 24
$59.5M
Net Profit
ELME
ELME
TOPS
TOPS
Q4 25
$-4.5M
Q3 25
$-123.5M
Q2 25
$-3.6M
Q1 25
$-4.7M
Q4 24
$-3.0M
Q3 24
$-3.0M
Q2 24
$-3.5M
Q1 24
$-3.6M
Gross Margin
ELME
ELME
TOPS
TOPS
Q4 25
Q3 25
61.1%
Q2 25
63.5%
Q1 25
64.2%
Q4 24
62.9%
Q3 24
63.5%
Q2 24
63.4%
Q1 24
63.5%
Operating Margin
ELME
ELME
TOPS
TOPS
Q4 25
22.0%
Q3 25
-183.3%
Q2 25
9.6%
Q1 25
7.8%
Q4 24
10.4%
Q3 24
11.0%
Q2 24
9.8%
Q1 24
7.5%
Net Margin
ELME
ELME
TOPS
TOPS
Q4 25
-12.2%
Q3 25
-198.9%
Q2 25
-5.7%
Q1 25
-7.6%
Q4 24
-4.9%
Q3 24
-4.9%
Q2 24
-5.8%
Q1 24
-6.1%
EPS (diluted)
ELME
ELME
TOPS
TOPS
Q4 25
$-0.96
Q3 25
$-1.40
Q2 25
$-0.04
Q1 25
$-0.05
Q4 24
$-0.04
Q3 24
$-0.03
Q2 24
$-0.04
Q1 24
$-0.04

Balance Sheet & Financial Strength

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

Metric
ELME
ELME
TOPS
TOPS
Cash + ST InvestmentsLiquidity on hand
$7.1M
$20.4M
Total DebtLower is stronger
$216.6M
Stockholders' EquityBook value
$908.9M
$89.2M
Total Assets
$1.7B
$333.6M
Debt / EquityLower = less leverage
2.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELME
ELME
TOPS
TOPS
Q4 25
$20.4M
Q3 25
$7.1M
Q2 25
$4.8M
Q1 25
$6.4M
Q4 24
$6.1M
Q3 24
$4.8M
Q2 24
$5.6M
Q1 24
$4.2M
Total Debt
ELME
ELME
TOPS
TOPS
Q4 25
$216.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ELME
ELME
TOPS
TOPS
Q4 25
$89.2M
Q3 25
$908.9M
Q2 25
$1.0B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Total Assets
ELME
ELME
TOPS
TOPS
Q4 25
$333.6M
Q3 25
$1.7B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$1.9B
Debt / Equity
ELME
ELME
TOPS
TOPS
Q4 25
2.43×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
ELME
ELME
TOPS
TOPS
Operating Cash FlowLast quarter
$15.9M
$26.4M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
11.6%
Capex IntensityCapex / Revenue
14.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$86.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELME
ELME
TOPS
TOPS
Q4 25
$26.4M
Q3 25
$15.9M
Q2 25
$29.8M
Q1 25
$16.2M
Q4 24
$95.2M
Q3 24
$20.7M
Q2 24
$28.9M
Q1 24
$21.2M
Free Cash Flow
ELME
ELME
TOPS
TOPS
Q4 25
Q3 25
$7.2M
Q2 25
$21.1M
Q1 25
$10.5M
Q4 24
$47.9M
Q3 24
$8.8M
Q2 24
$21.0M
Q1 24
$7.6M
FCF Margin
ELME
ELME
TOPS
TOPS
Q4 25
Q3 25
11.6%
Q2 25
34.1%
Q1 25
17.1%
Q4 24
78.1%
Q3 24
14.4%
Q2 24
34.9%
Q1 24
12.8%
Capex Intensity
ELME
ELME
TOPS
TOPS
Q4 25
Q3 25
14.0%
Q2 25
14.0%
Q1 25
9.2%
Q4 24
77.4%
Q3 24
19.4%
Q2 24
13.1%
Q1 24
22.9%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ELME
ELME

Residential Segment$57.7M93%
Other$4.4M7%

TOPS
TOPS

Segment breakdown not available.

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