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Side-by-side financial comparison of Good Times Restaurants Inc. (GTIM) 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 $32.7M, roughly 1.1× Good Times Restaurants Inc.). Good Times Restaurants Inc. runs the higher net margin — 0.6% vs -12.2%, a 12.8% gap on every dollar of revenue.

Good Times is a Golden, Colorado–based fast-food restaurant specializing in premium burgers and frozen custard. As of July 2023, the chain operates 31 locations, down from 38 in 2015.

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.

GTIM vs TOPS — Head-to-Head

Bigger by revenue
TOPS
TOPS
1.1× larger
TOPS
$36.6M
$32.7M
GTIM
Higher net margin
GTIM
GTIM
12.8% more per $
GTIM
0.6%
-12.2%
TOPS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GTIM
GTIM
TOPS
TOPS
Revenue
$32.7M
$36.6M
Net Profit
$181.0K
$-4.5M
Gross Margin
Operating Margin
0.9%
22.0%
Net Margin
0.6%
-12.2%
Revenue YoY
-10.0%
Net Profit YoY
10.4%
EPS (diluted)
$0.02
$-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
GTIM
GTIM
TOPS
TOPS
Q4 25
$32.7M
$36.6M
Q3 25
$37.0M
Q2 25
$34.3M
Q4 24
$36.3M
Q3 24
$35.8M
Q2 24
$38.0M
Q1 24
$35.4M
Q4 23
$33.2M
Net Profit
GTIM
GTIM
TOPS
TOPS
Q4 25
$181.0K
$-4.5M
Q3 25
$1.5M
Q2 25
$-624.0K
Q4 24
$164.0K
Q3 24
$230.0K
Q2 24
$1.3M
Q1 24
$618.0K
Q4 23
$-556.0K
Operating Margin
GTIM
GTIM
TOPS
TOPS
Q4 25
0.9%
22.0%
Q3 25
3.3%
Q2 25
-1.5%
Q4 24
0.2%
Q3 24
-0.3%
Q2 24
3.2%
Q1 24
1.8%
Q4 23
-1.1%
Net Margin
GTIM
GTIM
TOPS
TOPS
Q4 25
0.6%
-12.2%
Q3 25
4.0%
Q2 25
-1.8%
Q4 24
0.5%
Q3 24
0.6%
Q2 24
3.5%
Q1 24
1.7%
Q4 23
-1.7%
EPS (diluted)
GTIM
GTIM
TOPS
TOPS
Q4 25
$0.02
$-0.96
Q3 25
$0.14
Q2 25
$-0.06
Q4 24
$0.02
Q3 24
$0.01
Q2 24
$0.12
Q1 24
$0.06
Q4 23
$-0.05

Balance Sheet & Financial Strength

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

Metric
GTIM
GTIM
TOPS
TOPS
Cash + ST InvestmentsLiquidity on hand
$20.4M
Total DebtLower is stronger
$216.6M
Stockholders' EquityBook value
$33.2M
$89.2M
Total Assets
$82.5M
$333.6M
Debt / EquityLower = less leverage
2.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GTIM
GTIM
TOPS
TOPS
Q4 25
$20.4M
Q3 25
Q2 25
$2.7M
Q4 24
$3.0M
Q3 24
$3.9M
Q2 24
Q1 24
$4.0M
Q4 23
$3.5M
Total Debt
GTIM
GTIM
TOPS
TOPS
Q4 25
$216.6M
Q3 25
Q2 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Stockholders' Equity
GTIM
GTIM
TOPS
TOPS
Q4 25
$33.2M
$89.2M
Q3 25
$33.1M
Q2 25
$31.6M
Q4 24
$32.4M
Q3 24
$32.4M
Q2 24
$32.3M
Q1 24
$31.6M
Q4 23
$31.6M
Total Assets
GTIM
GTIM
TOPS
TOPS
Q4 25
$82.5M
$333.6M
Q3 25
$85.8M
Q2 25
$86.9M
Q4 24
$89.5M
Q3 24
$87.1M
Q2 24
$90.1M
Q1 24
$89.0M
Q4 23
$90.1M
Debt / Equity
GTIM
GTIM
TOPS
TOPS
Q4 25
2.43×
Q3 25
Q2 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23

Cash Flow & Capital Efficiency

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

Metric
GTIM
GTIM
TOPS
TOPS
Operating Cash FlowLast quarter
$1.4M
$26.4M
Free Cash FlowOCF − Capex
$1.2M
FCF MarginFCF / Revenue
3.8%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
7.85×
TTM Free Cash FlowTrailing 4 quarters
$-72.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GTIM
GTIM
TOPS
TOPS
Q4 25
$1.4M
$26.4M
Q3 25
$1.3M
Q2 25
$714.0K
Q4 24
$-518.0K
Q3 24
$394.0K
Q2 24
$3.2M
Q1 24
$1.8M
Q4 23
$-252.0K
Free Cash Flow
GTIM
GTIM
TOPS
TOPS
Q4 25
$1.2M
Q3 25
$735.0K
Q2 25
$-105.0K
Q4 24
$-1.9M
Q3 24
$-466.0K
Q2 24
$2.0M
Q1 24
$1.2M
Q4 23
$-700.0K
FCF Margin
GTIM
GTIM
TOPS
TOPS
Q4 25
3.8%
Q3 25
2.0%
Q2 25
-0.3%
Q4 24
-5.3%
Q3 24
-1.3%
Q2 24
5.3%
Q1 24
3.2%
Q4 23
-2.1%
Capex Intensity
GTIM
GTIM
TOPS
TOPS
Q4 25
0.6%
Q3 25
1.4%
Q2 25
2.4%
Q4 24
3.9%
Q3 24
2.4%
Q2 24
3.2%
Q1 24
1.7%
Q4 23
1.4%
Cash Conversion
GTIM
GTIM
TOPS
TOPS
Q4 25
7.85×
Q3 25
0.85×
Q2 25
Q4 24
-3.16×
Q3 24
1.71×
Q2 24
2.44×
Q1 24
2.86×
Q4 23

Financial Flow Comparison

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

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