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Side-by-side financial comparison of LIFECORE BIOMEDICAL, INC. \DE\ (LFCR) 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 $31.1M, roughly 1.2× LIFECORE BIOMEDICAL, INC. \DE\). TOP SHIPS INC. runs the higher net margin — -12.2% vs -32.1%, a 19.9% gap on every dollar of revenue.

LIFECORE BIOMEDICAL, INC. is a biomedical firm focused on developing and manufacturing high-quality hyaluronic acid-based biomaterials. It operates three core segments: medical application products, pharmaceutical solutions, and personal care ingredients, with main markets spanning North America, Europe and the Asia-Pacific, supplying to leading medical device, pharmaceutical and cosmetic brand partners.

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.

LFCR vs TOPS — Head-to-Head

Bigger by revenue
TOPS
TOPS
1.2× larger
TOPS
$36.6M
$31.1M
LFCR
Higher net margin
TOPS
TOPS
19.9% more per $
TOPS
-12.2%
-32.1%
LFCR

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
LFCR
LFCR
TOPS
TOPS
Revenue
$31.1M
$36.6M
Net Profit
$-10.0M
$-4.5M
Gross Margin
25.0%
Operating Margin
-9.9%
22.0%
Net Margin
-32.1%
-12.2%
Revenue YoY
-4.5%
Net Profit YoY
-52.0%
EPS (diluted)
$-0.29
$-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
LFCR
LFCR
TOPS
TOPS
Q4 25
$36.6M
Q3 25
$31.1M
Q1 25
$35.2M
Q4 24
$32.6M
Q3 24
$24.7M
Q1 24
$35.7M
Q4 23
$30.1M
Q3 23
$24.5M
Net Profit
LFCR
LFCR
TOPS
TOPS
Q4 25
$-4.5M
Q3 25
$-10.0M
Q1 25
$-14.8M
Q4 24
$-6.6M
Q3 24
$-16.2M
Q1 24
$15.6M
Q4 23
$14.2M
Q3 23
$-10.8M
Gross Margin
LFCR
LFCR
TOPS
TOPS
Q4 25
Q3 25
25.0%
Q1 25
28.0%
Q4 24
34.0%
Q3 24
21.8%
Q1 24
33.3%
Q4 23
33.0%
Q3 23
11.1%
Operating Margin
LFCR
LFCR
TOPS
TOPS
Q4 25
22.0%
Q3 25
-9.9%
Q1 25
-25.7%
Q4 24
-6.0%
Q3 24
-46.9%
Q1 24
-2.5%
Q4 23
-4.9%
Q3 23
-35.1%
Net Margin
LFCR
LFCR
TOPS
TOPS
Q4 25
-12.2%
Q3 25
-32.1%
Q1 25
-42.0%
Q4 24
-20.2%
Q3 24
-65.7%
Q1 24
43.8%
Q4 23
47.2%
Q3 23
-43.9%
EPS (diluted)
LFCR
LFCR
TOPS
TOPS
Q4 25
$-0.96
Q3 25
$-0.29
Q1 25
$-0.47
Q4 24
$-0.25
Q3 24
$-0.53
Q1 24
$0.42
Q4 23
$0.39
Q3 23
$-0.35

Balance Sheet & Financial Strength

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

Metric
LFCR
LFCR
TOPS
TOPS
Cash + ST InvestmentsLiquidity on hand
$18.9M
$20.4M
Total DebtLower is stronger
$136.0M
$216.6M
Stockholders' EquityBook value
$-10.5M
$89.2M
Total Assets
$235.2M
$333.6M
Debt / EquityLower = less leverage
2.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LFCR
LFCR
TOPS
TOPS
Q4 25
$20.4M
Q3 25
$18.9M
Q1 25
$5.4M
Q4 24
$9.5M
Q3 24
Q1 24
Q4 23
Q3 23
Total Debt
LFCR
LFCR
TOPS
TOPS
Q4 25
$216.6M
Q3 25
$136.0M
Q1 25
$124.9M
Q4 24
$111.3M
Q3 24
$106.3M
Q1 24
$97.1M
Q4 23
$92.9M
Q3 23
$88.8M
Stockholders' Equity
LFCR
LFCR
TOPS
TOPS
Q4 25
$89.2M
Q3 25
$-10.5M
Q1 25
$2.2M
Q4 24
$15.4M
Q3 24
$-3.9M
Q1 24
$17.7M
Q4 23
$1.4M
Q3 23
$-13.6M
Total Assets
LFCR
LFCR
TOPS
TOPS
Q4 25
$333.6M
Q3 25
$235.2M
Q1 25
$237.7M
Q4 24
$255.4M
Q3 24
$246.8M
Q1 24
$246.2M
Q4 23
$245.8M
Q3 23
$245.6M
Debt / Equity
LFCR
LFCR
TOPS
TOPS
Q4 25
2.43×
Q3 25
Q1 25
56.05×
Q4 24
7.20×
Q3 24
Q1 24
5.49×
Q4 23
65.35×
Q3 23

Cash Flow & Capital Efficiency

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

Metric
LFCR
LFCR
TOPS
TOPS
Operating Cash FlowLast quarter
$1.8M
$26.4M
Free Cash FlowOCF − Capex
$25.0K
FCF MarginFCF / Revenue
0.1%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-16.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LFCR
LFCR
TOPS
TOPS
Q4 25
$26.4M
Q3 25
$1.8M
Q1 25
$1.2M
Q4 24
$-6.1M
Q3 24
$-613.0K
Q1 24
$-1.4M
Q4 23
$1.3M
Q3 23
$-8.3M
Free Cash Flow
LFCR
LFCR
TOPS
TOPS
Q4 25
Q3 25
$25.0K
Q1 25
$-4.3M
Q4 24
$-8.6M
Q3 24
$-4.0M
Q1 24
$-7.8M
Q4 23
$-3.0M
Q3 23
$-13.4M
FCF Margin
LFCR
LFCR
TOPS
TOPS
Q4 25
Q3 25
0.1%
Q1 25
-12.1%
Q4 24
-26.3%
Q3 24
-16.3%
Q1 24
-21.8%
Q4 23
-9.9%
Q3 23
-54.6%
Capex Intensity
LFCR
LFCR
TOPS
TOPS
Q4 25
Q3 25
5.6%
Q1 25
15.5%
Q4 24
7.5%
Q3 24
13.9%
Q1 24
17.8%
Q4 23
14.1%
Q3 23
20.6%
Cash Conversion
LFCR
LFCR
TOPS
TOPS
Q4 25
Q3 25
Q1 25
Q4 24
Q3 24
Q1 24
-0.09×
Q4 23
0.09×
Q3 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

LFCR
LFCR

Transferred At Point In Time$26.6M85%
Transferred Over Time$4.5M15%

TOPS
TOPS

Segment breakdown not available.

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