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Side-by-side financial comparison of Postal Realty Trust, Inc. (PSTL) 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 $26.0M, roughly 1.4× Postal Realty Trust, Inc.). Postal Realty Trust, Inc. runs the higher net margin — 17.9% vs -12.2%, a 30.1% gap on every dollar of revenue.

Postal Realty Trust, Inc. is a specialized real estate investment trust that acquires, owns, and manages properties primarily leased to the United States Postal Service. Its portfolio includes last-mile postal facilities, sorting centers, and retail post office locations across the U.S., supporting critical mail and package delivery infrastructure.

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.

PSTL vs TOPS — Head-to-Head

Bigger by revenue
TOPS
TOPS
1.4× larger
TOPS
$36.6M
$26.0M
PSTL
Higher net margin
PSTL
PSTL
30.1% more per $
PSTL
17.9%
-12.2%
TOPS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PSTL
PSTL
TOPS
TOPS
Revenue
$26.0M
$36.6M
Net Profit
$4.6M
$-4.5M
Gross Margin
Operating Margin
39.2%
22.0%
Net Margin
17.9%
-12.2%
Revenue YoY
21.7%
Net Profit YoY
3.1%
EPS (diluted)
$0.16
$-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
PSTL
PSTL
TOPS
TOPS
Q4 25
$26.0M
$36.6M
Q3 25
$24.3M
Q2 25
$23.4M
Q1 25
$22.1M
Q4 24
$21.4M
Q3 24
$19.7M
Q2 24
$18.1M
Q1 24
$17.3M
Net Profit
PSTL
PSTL
TOPS
TOPS
Q4 25
$4.6M
$-4.5M
Q3 25
$3.8M
Q2 25
$3.6M
Q1 25
$2.1M
Q4 24
$4.5M
Q3 24
$1.1M
Q2 24
$817.0K
Q1 24
$206.0K
Operating Margin
PSTL
PSTL
TOPS
TOPS
Q4 25
39.2%
22.0%
Q3 25
37.6%
Q2 25
37.3%
Q1 25
28.4%
Q4 24
43.2%
Q3 24
24.3%
Q2 24
22.8%
Q1 24
17.6%
Net Margin
PSTL
PSTL
TOPS
TOPS
Q4 25
17.9%
-12.2%
Q3 25
15.7%
Q2 25
15.5%
Q1 25
9.4%
Q4 24
21.1%
Q3 24
5.4%
Q2 24
4.5%
Q1 24
1.2%
EPS (diluted)
PSTL
PSTL
TOPS
TOPS
Q4 25
$0.16
$-0.96
Q3 25
$0.13
Q2 25
$0.12
Q1 25
$0.06
Q4 24
$0.17
Q3 24
$0.03
Q2 24
$0.02
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
PSTL
PSTL
TOPS
TOPS
Cash + ST InvestmentsLiquidity on hand
$1.5M
$20.4M
Total DebtLower is stronger
$361.1M
$216.6M
Stockholders' EquityBook value
$285.2M
$89.2M
Total Assets
$759.1M
$333.6M
Debt / EquityLower = less leverage
1.27×
2.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PSTL
PSTL
TOPS
TOPS
Q4 25
$1.5M
$20.4M
Q3 25
$1.9M
Q2 25
$1.1M
Q1 25
$639.0K
Q4 24
$1.8M
Q3 24
$970.0K
Q2 24
$1.7M
Q1 24
$1.9M
Total Debt
PSTL
PSTL
TOPS
TOPS
Q4 25
$361.1M
$216.6M
Q3 25
$347.0M
Q2 25
$328.8M
Q1 25
$306.7M
Q4 24
$296.7M
Q3 24
$277.0M
Q2 24
$273.7M
Q1 24
$247.6M
Stockholders' Equity
PSTL
PSTL
TOPS
TOPS
Q4 25
$285.2M
$89.2M
Q3 25
$273.9M
Q2 25
$250.8M
Q1 25
$245.5M
Q4 24
$251.3M
Q3 24
$245.6M
Q2 24
$245.5M
Q1 24
$248.1M
Total Assets
PSTL
PSTL
TOPS
TOPS
Q4 25
$759.1M
$333.6M
Q3 25
$735.2M
Q2 25
$689.8M
Q1 25
$654.0M
Q4 24
$646.8M
Q3 24
$615.1M
Q2 24
$608.2M
Q1 24
$584.1M
Debt / Equity
PSTL
PSTL
TOPS
TOPS
Q4 25
1.27×
2.43×
Q3 25
1.27×
Q2 25
1.31×
Q1 25
1.25×
Q4 24
1.18×
Q3 24
1.13×
Q2 24
1.11×
Q1 24
1.00×

Cash Flow & Capital Efficiency

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

Metric
PSTL
PSTL
TOPS
TOPS
Operating Cash FlowLast quarter
$44.5M
$26.4M
Free Cash FlowOCF − Capex
$37.6M
FCF MarginFCF / Revenue
144.5%
Capex IntensityCapex / Revenue
26.7%
Cash ConversionOCF / Net Profit
9.59×
TTM Free Cash FlowTrailing 4 quarters
$65.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PSTL
PSTL
TOPS
TOPS
Q4 25
$44.5M
$26.4M
Q3 25
$10.9M
Q2 25
$11.4M
Q1 25
$10.8M
Q4 24
$33.5M
Q3 24
$8.0M
Q2 24
$9.9M
Q1 24
$6.4M
Free Cash Flow
PSTL
PSTL
TOPS
TOPS
Q4 25
$37.6M
Q3 25
$8.8M
Q2 25
$9.1M
Q1 25
$10.2M
Q4 24
$30.7M
Q3 24
$7.4M
Q2 24
$8.9M
Q1 24
$5.8M
FCF Margin
PSTL
PSTL
TOPS
TOPS
Q4 25
144.5%
Q3 25
36.1%
Q2 25
38.8%
Q1 25
45.9%
Q4 24
143.8%
Q3 24
37.6%
Q2 24
49.4%
Q1 24
33.6%
Capex Intensity
PSTL
PSTL
TOPS
TOPS
Q4 25
26.7%
Q3 25
8.9%
Q2 25
10.1%
Q1 25
3.0%
Q4 24
13.0%
Q3 24
3.2%
Q2 24
5.4%
Q1 24
3.5%
Cash Conversion
PSTL
PSTL
TOPS
TOPS
Q4 25
9.59×
Q3 25
2.87×
Q2 25
3.16×
Q1 25
5.20×
Q4 24
7.44×
Q3 24
7.48×
Q2 24
12.10×
Q1 24
31.07×

Financial Flow Comparison

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

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