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

Namib Minerals is the larger business by last-quarter revenue ($41.9M vs $36.6M, roughly 1.1× TOP SHIPS INC.).

Namib Minerals is a Namibia-based natural resources firm focused on exploration, development and extraction of high-demand mineral deposits including uranium, copper and lithium. It operates across licensed southern African sites, supplying raw materials to global clean energy, construction and electronics manufacturing sectors.

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.

NAMM vs TOPS — Head-to-Head

Bigger by revenue
NAMM
NAMM
1.1× larger
NAMM
$41.9M
$36.6M
TOPS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NAMM
NAMM
TOPS
TOPS
Revenue
$41.9M
$36.6M
Net Profit
$-4.5M
Gross Margin
45.7%
Operating Margin
29.8%
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
NAMM
NAMM
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
NAMM
NAMM
TOPS
TOPS
Q4 25
$20.4M
Q2 25
Total Debt
NAMM
NAMM
TOPS
TOPS
Q4 25
$216.6M
Q2 25
Stockholders' Equity
NAMM
NAMM
TOPS
TOPS
Q4 25
$89.2M
Q2 25
Total Assets
NAMM
NAMM
TOPS
TOPS
Q4 25
$333.6M
Q2 25
Debt / Equity
NAMM
NAMM
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
NAMM
NAMM
TOPS
TOPS
Operating Cash FlowLast quarter
$11.4M
$26.4M
Free Cash FlowOCF − Capex
$7.4M
FCF MarginFCF / Revenue
17.6%
Capex IntensityCapex / Revenue
9.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAMM
NAMM
TOPS
TOPS
Q4 25
$26.4M
Q2 25
$11.4M
Free Cash Flow
NAMM
NAMM
TOPS
TOPS
Q4 25
Q2 25
$7.4M
FCF Margin
NAMM
NAMM
TOPS
TOPS
Q4 25
Q2 25
17.6%
Capex Intensity
NAMM
NAMM
TOPS
TOPS
Q4 25
Q2 25
9.6%

Financial Flow Comparison

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

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