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

REGIS CORP is the larger business by last-quarter revenue ($57.1M vs $36.6M, roughly 1.6× TOP SHIPS INC.). REGIS CORP runs the higher net margin — 0.8% vs -12.2%, a 13.0% gap on every dollar of revenue.

Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.

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.

RGS vs TOPS — Head-to-Head

Bigger by revenue
RGS
RGS
1.6× larger
RGS
$57.1M
$36.6M
TOPS
Higher net margin
RGS
RGS
13.0% more per $
RGS
0.8%
-12.2%
TOPS

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
RGS
RGS
TOPS
TOPS
Revenue
$57.1M
$36.6M
Net Profit
$456.0K
$-4.5M
Gross Margin
Operating Margin
10.8%
22.0%
Net Margin
0.8%
-12.2%
Revenue YoY
22.3%
Net Profit YoY
-94.0%
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
RGS
RGS
TOPS
TOPS
Q4 25
$57.1M
$36.6M
Q3 25
$59.0M
Q2 25
$60.4M
Q1 25
$57.0M
Q4 24
$46.7M
Q3 24
$46.1M
Q2 24
$49.4M
Q1 24
$49.2M
Net Profit
RGS
RGS
TOPS
TOPS
Q4 25
$456.0K
$-4.5M
Q3 25
$1.4M
Q2 25
$116.5M
Q1 25
$250.0K
Q4 24
$7.6M
Q3 24
$-853.0K
Q2 24
$91.2M
Q1 24
$-2.3M
Operating Margin
RGS
RGS
TOPS
TOPS
Q4 25
10.8%
22.0%
Q3 25
10.0%
Q2 25
12.1%
Q1 25
8.8%
Q4 24
11.8%
Q3 24
4.6%
Q2 24
Q1 24
8.3%
Net Margin
RGS
RGS
TOPS
TOPS
Q4 25
0.8%
-12.2%
Q3 25
2.3%
Q2 25
192.9%
Q1 25
0.4%
Q4 24
16.4%
Q3 24
-1.9%
Q2 24
184.7%
Q1 24
-4.7%
EPS (diluted)
RGS
RGS
TOPS
TOPS
Q4 25
$0.16
$-0.96
Q3 25
$0.49
Q2 25
$43.67
Q1 25
$0.08
Q4 24
$2.71
Q3 24
$-0.36
Q2 24
$38.40
Q1 24
$-1.00

Balance Sheet & Financial Strength

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

Metric
RGS
RGS
TOPS
TOPS
Cash + ST InvestmentsLiquidity on hand
$18.4M
$20.4M
Total DebtLower is stronger
$113.3M
$216.6M
Stockholders' EquityBook value
$188.7M
$89.2M
Total Assets
$588.3M
$333.6M
Debt / EquityLower = less leverage
0.60×
2.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RGS
RGS
TOPS
TOPS
Q4 25
$18.4M
$20.4M
Q3 25
$16.6M
Q2 25
$17.0M
Q1 25
$13.3M
Q4 24
$10.2M
Q3 24
$6.3M
Q2 24
$10.1M
Q1 24
$5.9M
Total Debt
RGS
RGS
TOPS
TOPS
Q4 25
$113.3M
$216.6M
Q3 25
$111.3M
Q2 25
$110.8M
Q1 25
$112.0M
Q4 24
$111.5M
Q3 24
$95.2M
Q2 24
$99.5M
Q1 24
$179.7M
Stockholders' Equity
RGS
RGS
TOPS
TOPS
Q4 25
$188.7M
$89.2M
Q3 25
$187.6M
Q2 25
$185.6M
Q1 25
$68.6M
Q4 24
$66.7M
Q3 24
$56.4M
Q2 24
$56.8M
Q1 24
$-35.8M
Total Assets
RGS
RGS
TOPS
TOPS
Q4 25
$588.3M
$333.6M
Q3 25
$592.1M
Q2 25
$599.0M
Q1 25
$511.2M
Q4 24
$530.1M
Q3 24
$508.9M
Q2 24
$530.5M
Q1 24
$543.7M
Debt / Equity
RGS
RGS
TOPS
TOPS
Q4 25
0.60×
2.43×
Q3 25
0.59×
Q2 25
0.60×
Q1 25
1.63×
Q4 24
1.67×
Q3 24
1.69×
Q2 24
1.75×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
RGS
RGS
TOPS
TOPS
Operating Cash FlowLast quarter
$1.7M
$26.4M
Free Cash FlowOCF − Capex
$891.0K
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
3.65×
TTM Free Cash FlowTrailing 4 quarters
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RGS
RGS
TOPS
TOPS
Q4 25
$1.7M
$26.4M
Q3 25
$2.3M
Q2 25
$6.8M
Q1 25
$6.2M
Q4 24
$2.1M
Q3 24
$-1.3M
Q2 24
$5.1M
Q1 24
$-277.0K
Free Cash Flow
RGS
RGS
TOPS
TOPS
Q4 25
$891.0K
Q3 25
$1.9M
Q2 25
$6.2M
Q1 25
$5.9M
Q4 24
$1.7M
Q3 24
$-1.4M
Q2 24
$5.1M
Q1 24
$-326.0K
FCF Margin
RGS
RGS
TOPS
TOPS
Q4 25
1.6%
Q3 25
3.2%
Q2 25
10.3%
Q1 25
10.3%
Q4 24
3.6%
Q3 24
-3.0%
Q2 24
10.3%
Q1 24
-0.7%
Capex Intensity
RGS
RGS
TOPS
TOPS
Q4 25
1.4%
Q3 25
0.7%
Q2 25
0.9%
Q1 25
0.6%
Q4 24
0.9%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.1%
Cash Conversion
RGS
RGS
TOPS
TOPS
Q4 25
3.65×
Q3 25
1.68×
Q2 25
0.06×
Q1 25
24.80×
Q4 24
0.28×
Q3 24
Q2 24
0.06×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

RGS
RGS

Franchise Segment$37.9M66%
Royalty$13.6M24%
Other$2.8M5%
Fees$1.8M3%
Franchise Fees$1.0M2%

TOPS
TOPS

Segment breakdown not available.

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