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Side-by-side financial comparison of NewAmsterdam Pharma Co N.V. (NAMS) 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 $19.1M, roughly 1.9× NewAmsterdam Pharma Co N.V.). TOP SHIPS INC. runs the higher net margin — -12.2% vs -90.7%, a 78.5% gap on every dollar of revenue.

Kite Pharma, Inc. is an American biotechnology company that develops cancer immunotherapy products with a primary focus on genetically engineered autologous CAR T cell therapy - a cell-based therapy which relies on chimeric antigen receptors and T cells. Founded in 2009, and based in Santa Monica, California, it was acquired by Gilead Sciences in 2017.

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.

NAMS vs TOPS — Head-to-Head

Bigger by revenue
TOPS
TOPS
1.9× larger
TOPS
$36.6M
$19.1M
NAMS
Higher net margin
TOPS
TOPS
78.5% more per $
TOPS
-12.2%
-90.7%
NAMS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NAMS
NAMS
TOPS
TOPS
Revenue
$19.1M
$36.6M
Net Profit
$-17.4M
$-4.5M
Gross Margin
Operating Margin
-186.1%
22.0%
Net Margin
-90.7%
-12.2%
Revenue YoY
740.1%
Net Profit YoY
55.5%
EPS (diluted)
$-0.15
$-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
NAMS
NAMS
TOPS
TOPS
Q4 25
$36.6M
Q2 25
$19.1M
Q4 24
$12.8M
Q3 24
$29.1M
Q2 23
$8.6M
Net Profit
NAMS
NAMS
TOPS
TOPS
Q4 25
$-4.5M
Q2 25
$-17.4M
Q4 24
$-92.2M
Q3 24
$-16.6M
Q2 23
$-42.0M
Operating Margin
NAMS
NAMS
TOPS
TOPS
Q4 25
22.0%
Q2 25
-186.1%
Q4 24
-338.5%
Q3 24
-85.9%
Q2 23
-461.8%
Net Margin
NAMS
NAMS
TOPS
TOPS
Q4 25
-12.2%
Q2 25
-90.7%
Q4 24
-721.7%
Q3 24
-57.2%
Q2 23
-486.9%
EPS (diluted)
NAMS
NAMS
TOPS
TOPS
Q4 25
$-0.96
Q2 25
$-0.15
Q4 24
$-0.91
Q3 24
$-0.18
Q2 23
$-0.51

Balance Sheet & Financial Strength

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

Metric
NAMS
NAMS
TOPS
TOPS
Cash + ST InvestmentsLiquidity on hand
$739.2M
$20.4M
Total DebtLower is stronger
$216.6M
Stockholders' EquityBook value
$778.5M
$89.2M
Total Assets
$815.1M
$333.6M
Debt / EquityLower = less leverage
2.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAMS
NAMS
TOPS
TOPS
Q4 25
$20.4M
Q2 25
$739.2M
Q4 24
$834.2M
Q3 24
$422.7M
Q2 23
Total Debt
NAMS
NAMS
TOPS
TOPS
Q4 25
$216.6M
Q2 25
Q4 24
Q3 24
Q2 23
Stockholders' Equity
NAMS
NAMS
TOPS
TOPS
Q4 25
$89.2M
Q2 25
$778.5M
Q4 24
$757.5M
Q3 24
$378.9M
Q2 23
$398.4M
Total Assets
NAMS
NAMS
TOPS
TOPS
Q4 25
$333.6M
Q2 25
$815.1M
Q4 24
$864.6M
Q3 24
$439.2M
Q2 23
Debt / Equity
NAMS
NAMS
TOPS
TOPS
Q4 25
2.43×
Q2 25
Q4 24
Q3 24
Q2 23

Cash Flow & Capital Efficiency

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

Metric
NAMS
NAMS
TOPS
TOPS
Operating Cash FlowLast quarter
$-37.7M
$26.4M
Free Cash FlowOCF − Capex
$-37.8M
FCF MarginFCF / Revenue
-197.2%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-119.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAMS
NAMS
TOPS
TOPS
Q4 25
$26.4M
Q2 25
$-37.7M
Q4 24
$-37.5M
Q3 24
$-12.5M
Q2 23
$-31.9M
Free Cash Flow
NAMS
NAMS
TOPS
TOPS
Q4 25
Q2 25
$-37.8M
Q4 24
$-37.5M
Q3 24
$-12.6M
Q2 23
$-31.9M
FCF Margin
NAMS
NAMS
TOPS
TOPS
Q4 25
Q2 25
-197.2%
Q4 24
-293.5%
Q3 24
-43.2%
Q2 23
-369.3%
Capex Intensity
NAMS
NAMS
TOPS
TOPS
Q4 25
Q2 25
0.5%
Q4 24
0.0%
Q3 24
0.3%
Q2 23
0.1%

Financial Flow Comparison

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

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