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Side-by-side financial comparison of RHYTHM PHARMACEUTICALS, INC. (RYTM) and TOP SHIPS INC. (TOPS). Click either name above to swap in a different company.

RHYTHM PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($57.3M vs $36.6M, roughly 1.6× TOP SHIPS INC.). TOP SHIPS INC. runs the higher net margin — -12.2% vs -83.0%, a 70.7% gap on every dollar of revenue.

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

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.

RYTM vs TOPS — Head-to-Head

Bigger by revenue
RYTM
RYTM
1.6× larger
RYTM
$57.3M
$36.6M
TOPS
Higher net margin
TOPS
TOPS
70.7% more per $
TOPS
-12.2%
-83.0%
RYTM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RYTM
RYTM
TOPS
TOPS
Revenue
$57.3M
$36.6M
Net Profit
$-47.5M
$-4.5M
Gross Margin
91.6%
Operating Margin
-82.2%
22.0%
Net Margin
-83.0%
-12.2%
Revenue YoY
36.9%
Net Profit YoY
-9.6%
EPS (diluted)
$-0.73
$-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
RYTM
RYTM
TOPS
TOPS
Q4 25
$57.3M
$36.6M
Q3 25
$51.3M
Q2 25
$48.5M
Q1 25
$32.7M
Q4 24
$41.8M
Q3 24
$33.3M
Q2 24
$29.1M
Q1 24
$26.0M
Net Profit
RYTM
RYTM
TOPS
TOPS
Q4 25
$-47.5M
$-4.5M
Q3 25
$-52.9M
Q2 25
$-46.6M
Q1 25
$-49.5M
Q4 24
$-43.3M
Q3 24
$-43.6M
Q2 24
$-32.3M
Q1 24
$-141.4M
Gross Margin
RYTM
RYTM
TOPS
TOPS
Q4 25
91.6%
Q3 25
89.3%
Q2 25
88.6%
Q1 25
88.8%
Q4 24
90.9%
Q3 24
88.5%
Q2 24
89.9%
Q1 24
89.2%
Operating Margin
RYTM
RYTM
TOPS
TOPS
Q4 25
-82.2%
22.0%
Q3 25
-102.6%
Q2 25
-93.4%
Q1 25
-143.7%
Q4 24
-98.6%
Q3 24
-132.0%
Q2 24
-139.2%
Q1 24
-538.7%
Net Margin
RYTM
RYTM
TOPS
TOPS
Q4 25
-83.0%
-12.2%
Q3 25
-103.1%
Q2 25
-96.1%
Q1 25
-151.4%
Q4 24
-103.6%
Q3 24
-131.2%
Q2 24
-110.9%
Q1 24
-544.4%
EPS (diluted)
RYTM
RYTM
TOPS
TOPS
Q4 25
$-0.73
$-0.96
Q3 25
$-0.82
Q2 25
$-0.75
Q1 25
$-0.81
Q4 24
$-0.71
Q3 24
$-0.73
Q2 24
$-0.55
Q1 24
$-2.35

Balance Sheet & Financial Strength

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

Metric
RYTM
RYTM
TOPS
TOPS
Cash + ST InvestmentsLiquidity on hand
$388.9M
$20.4M
Total DebtLower is stronger
$216.6M
Stockholders' EquityBook value
$139.1M
$89.2M
Total Assets
$480.2M
$333.6M
Debt / EquityLower = less leverage
2.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RYTM
RYTM
TOPS
TOPS
Q4 25
$388.9M
$20.4M
Q3 25
$416.1M
Q2 25
$291.0M
Q1 25
$314.5M
Q4 24
$320.6M
Q3 24
$298.4M
Q2 24
$319.1M
Q1 24
$201.2M
Total Debt
RYTM
RYTM
TOPS
TOPS
Q4 25
$216.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
RYTM
RYTM
TOPS
TOPS
Q4 25
$139.1M
$89.2M
Q3 25
$148.8M
Q2 25
$-11.9M
Q1 25
$18.9M
Q4 24
$21.7M
Q3 24
$11.2M
Q2 24
$39.3M
Q1 24
$61.6M
Total Assets
RYTM
RYTM
TOPS
TOPS
Q4 25
$480.2M
$333.6M
Q3 25
$506.9M
Q2 25
$372.7M
Q1 25
$386.7M
Q4 24
$392.3M
Q3 24
$363.6M
Q2 24
$381.8M
Q1 24
$258.7M
Debt / Equity
RYTM
RYTM
TOPS
TOPS
Q4 25
2.43×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
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
RYTM
RYTM
TOPS
TOPS
Operating Cash FlowLast quarter
$-25.4M
$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
RYTM
RYTM
TOPS
TOPS
Q4 25
$-25.4M
$26.4M
Q3 25
$-26.6M
Q2 25
$-23.3M
Q1 25
$-40.4M
Q4 24
$-18.8M
Q3 24
$-25.2M
Q2 24
$-29.1M
Q1 24
$-40.7M

Financial Flow Comparison

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

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