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Side-by-side financial comparison of New Gold Inc. (NGD) and TOP SHIPS INC. (TOPS). Click either name above to swap in a different company.

New Gold Inc. is the larger business by last-quarter revenue ($44.1M vs $36.6M, roughly 1.2× TOP SHIPS INC.).

JB Hi-Fi Limited is an Australian consumer electronics retail company. It is publicly listed on the Australian Securities Exchange. Its headquarters are located in Southbank, Melbourne, Victoria.

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.

NGD vs TOPS — Head-to-Head

Bigger by revenue
NGD
NGD
1.2× larger
NGD
$44.1M
$36.6M
TOPS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NGD
NGD
TOPS
TOPS
Revenue
$44.1M
$36.6M
Net Profit
$-4.5M
Gross Margin
Operating Margin
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
NGD
NGD
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
NGD
NGD
TOPS
TOPS
Q4 25
$20.4M
Q3 25
Total Debt
NGD
NGD
TOPS
TOPS
Q4 25
$216.6M
Q3 25
Stockholders' Equity
NGD
NGD
TOPS
TOPS
Q4 25
$89.2M
Q3 25
Total Assets
NGD
NGD
TOPS
TOPS
Q4 25
$333.6M
Q3 25
Debt / Equity
NGD
NGD
TOPS
TOPS
Q4 25
2.43×
Q3 25

Cash Flow & Capital Efficiency

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

Metric
NGD
NGD
TOPS
TOPS
Operating Cash FlowLast quarter
$26.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGD
NGD
TOPS
TOPS
Q4 25
$26.4M
Q3 25

Financial Flow Comparison

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

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