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Side-by-side financial comparison of Pursuit Attractions & Hospitality, Inc. (PRSU) and TOP SHIPS INC. (TOPS). Click either name above to swap in a different company.

Pursuit Attractions & Hospitality, Inc. is the larger business by last-quarter revenue ($57.1M vs $36.6M, roughly 1.6× TOP SHIPS INC.). TOP SHIPS INC. runs the higher net margin — -12.2% vs -45.9%, a 33.6% gap on every dollar of revenue.

Pursuit Attractions and Hospitality, Inc. is a global attractions and hospitality company located in Canada, the United States, Iceland, and Costa Rica. Pursuit owns and operates attractions, accommodation, culinary experiences, retail and transportation in and around the Canadian Rockies including, Banff, Jasper, and Waterton; in Alaska in and around Denali, Kenai Fjords National Park, and Talkeetna; in Montana in and around Glacier; in Iceland, and in the Arenal region of Costa Rica.

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.

PRSU vs TOPS — Head-to-Head

Bigger by revenue
PRSU
PRSU
1.6× larger
PRSU
$57.1M
$36.6M
TOPS
Higher net margin
TOPS
TOPS
33.6% more per $
TOPS
-12.2%
-45.9%
PRSU

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRSU
PRSU
TOPS
TOPS
Revenue
$57.1M
$36.6M
Net Profit
$-26.2M
$-4.5M
Gross Margin
Operating Margin
-49.5%
22.0%
Net Margin
-45.9%
-12.2%
Revenue YoY
24.6%
Net Profit YoY
-108.4%
EPS (diluted)
$-0.89
$-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
PRSU
PRSU
TOPS
TOPS
Q4 25
$57.1M
$36.6M
Q3 25
$241.0M
Q2 25
$116.7M
Q3 24
$182.3M
Q2 24
$101.2M
Q3 23
$365.9M
Q2 23
$320.3M
Q1 23
$260.8M
Net Profit
PRSU
PRSU
TOPS
TOPS
Q4 25
$-26.2M
$-4.5M
Q3 25
$73.9M
Q2 25
$5.6M
Q3 24
$48.6M
Q2 24
$29.3M
Q3 23
$41.3M
Q2 23
$11.0M
Q1 23
$-20.9M
Gross Margin
PRSU
PRSU
TOPS
TOPS
Q4 25
Q3 25
91.8%
Q2 25
Q3 24
90.7%
Q2 24
Q3 23
Q2 23
Q1 23
Operating Margin
PRSU
PRSU
TOPS
TOPS
Q4 25
-49.5%
22.0%
Q3 25
43.9%
Q2 25
9.1%
Q3 24
50.8%
Q2 24
52.8%
Q3 23
20.8%
Q2 23
10.4%
Q1 23
-2.1%
Net Margin
PRSU
PRSU
TOPS
TOPS
Q4 25
-45.9%
-12.2%
Q3 25
30.6%
Q2 25
4.8%
Q3 24
26.7%
Q2 24
29.0%
Q3 23
11.3%
Q2 23
3.4%
Q1 23
-8.0%
EPS (diluted)
PRSU
PRSU
TOPS
TOPS
Q4 25
$-0.89
$-0.96
Q3 25
$2.60
Q2 25
$0.20
Q3 24
$1.65
Q2 24
$0.98
Q3 23
$1.41
Q2 23
$0.33
Q1 23
$-1.10

Balance Sheet & Financial Strength

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

Metric
PRSU
PRSU
TOPS
TOPS
Cash + ST InvestmentsLiquidity on hand
$31.1M
$20.4M
Total DebtLower is stronger
$155.0M
$216.6M
Stockholders' EquityBook value
$581.8M
$89.2M
Total Assets
$965.4M
$333.6M
Debt / EquityLower = less leverage
0.27×
2.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRSU
PRSU
TOPS
TOPS
Q4 25
$31.1M
$20.4M
Q3 25
$33.8M
Q2 25
$24.7M
Q3 24
$64.6M
Q2 24
$59.4M
Q3 23
$106.3M
Q2 23
$53.2M
Q1 23
$50.8M
Total Debt
PRSU
PRSU
TOPS
TOPS
Q4 25
$155.0M
$216.6M
Q3 25
$124.5M
Q2 25
$82.4M
Q3 24
$381.9M
Q2 24
$469.3M
Q3 23
$460.2M
Q2 23
$459.5M
Q1 23
$456.9M
Stockholders' Equity
PRSU
PRSU
TOPS
TOPS
Q4 25
$581.8M
$89.2M
Q3 25
$607.2M
Q2 25
$528.4M
Q3 24
$96.8M
Q2 24
$41.2M
Q3 23
$51.8M
Q2 23
$16.5M
Q1 23
$-4.2M
Total Assets
PRSU
PRSU
TOPS
TOPS
Q4 25
$965.4M
$333.6M
Q3 25
$996.8M
Q2 25
$893.1M
Q3 24
$1.2B
Q2 24
$1.2B
Q3 23
$1.2B
Q2 23
$1.2B
Q1 23
$1.1B
Debt / Equity
PRSU
PRSU
TOPS
TOPS
Q4 25
0.27×
2.43×
Q3 25
0.21×
Q2 25
0.16×
Q3 24
3.95×
Q2 24
11.39×
Q3 23
8.89×
Q2 23
27.87×
Q1 23

Cash Flow & Capital Efficiency

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

Metric
PRSU
PRSU
TOPS
TOPS
Operating Cash FlowLast quarter
$-13.6M
$26.4M
Free Cash FlowOCF − Capex
$-44.6M
FCF MarginFCF / Revenue
-78.1%
Capex IntensityCapex / Revenue
54.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$140.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRSU
PRSU
TOPS
TOPS
Q4 25
$-13.6M
$26.4M
Q3 25
$102.6M
Q2 25
$21.6M
Q3 24
$110.4M
Q2 24
$30.3M
Q3 23
$77.8M
Q2 23
$28.7M
Q1 23
$10.1M
Free Cash Flow
PRSU
PRSU
TOPS
TOPS
Q4 25
$-44.6M
Q3 25
$86.8M
Q2 25
$3.2M
Q3 24
$95.4M
Q2 24
$13.1M
Q3 23
$55.2M
Q2 23
$7.9M
Q1 23
$-1.3M
FCF Margin
PRSU
PRSU
TOPS
TOPS
Q4 25
-78.1%
Q3 25
36.0%
Q2 25
2.8%
Q3 24
52.4%
Q2 24
13.0%
Q3 23
15.1%
Q2 23
2.5%
Q1 23
-0.5%
Capex Intensity
PRSU
PRSU
TOPS
TOPS
Q4 25
54.2%
Q3 25
6.6%
Q2 25
15.7%
Q3 24
8.2%
Q2 24
16.9%
Q3 23
6.2%
Q2 23
6.5%
Q1 23
4.4%
Cash Conversion
PRSU
PRSU
TOPS
TOPS
Q4 25
Q3 25
1.39×
Q2 25
3.83×
Q3 24
2.27×
Q2 24
1.03×
Q3 23
1.88×
Q2 23
2.62×
Q1 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

PRSU
PRSU

Services Transferred Over Time$44.7M78%
Food And Beverage$9.1M16%
Retail Operations$3.3M6%

TOPS
TOPS

Segment breakdown not available.

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