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Side-by-side financial comparison of TOP SHIPS INC. (TOPS) and UNIVERSAL HEALTH REALTY INCOME TRUST (UHT). Click either name above to swap in a different company.

TOP SHIPS INC. is the larger business by last-quarter revenue ($36.6M vs $24.5M, roughly 1.5× UNIVERSAL HEALTH REALTY INCOME TRUST). UNIVERSAL HEALTH REALTY INCOME TRUST runs the higher net margin — 17.7% vs -12.2%, a 29.9% gap on every dollar of revenue.

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.

Universal Health Services, Inc. (UHS) is an American Fortune 500 company that provides hospital and healthcare services, based in King of Prussia, Pennsylvania. In 2024, UHS reported total revenues of $15.8 billion.

TOPS vs UHT — Head-to-Head

Bigger by revenue
TOPS
TOPS
1.5× larger
TOPS
$36.6M
$24.5M
UHT
Higher net margin
UHT
UHT
29.9% more per $
UHT
17.7%
-12.2%
TOPS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TOPS
TOPS
UHT
UHT
Revenue
$36.6M
$24.5M
Net Profit
$-4.5M
$4.3M
Gross Margin
Operating Margin
22.0%
34.7%
Net Margin
-12.2%
17.7%
Revenue YoY
-0.7%
Net Profit YoY
-7.2%
EPS (diluted)
$-0.96
$0.32

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
TOPS
TOPS
UHT
UHT
Q4 25
$36.6M
$24.5M
Q3 25
$25.3M
Q2 25
$24.9M
Q1 25
$24.5M
Q4 24
$24.6M
Q3 24
$24.5M
Q2 24
$24.7M
Q1 24
$25.1M
Net Profit
TOPS
TOPS
UHT
UHT
Q4 25
$-4.5M
$4.3M
Q3 25
$4.0M
Q2 25
$4.5M
Q1 25
$4.8M
Q4 24
$4.7M
Q3 24
$4.0M
Q2 24
$5.3M
Q1 24
$5.3M
Operating Margin
TOPS
TOPS
UHT
UHT
Q4 25
22.0%
34.7%
Q3 25
33.2%
Q2 25
35.6%
Q1 25
36.8%
Q4 24
37.6%
Q3 24
34.7%
Q2 24
38.7%
Q1 24
37.6%
Net Margin
TOPS
TOPS
UHT
UHT
Q4 25
-12.2%
17.7%
Q3 25
15.9%
Q2 25
18.1%
Q1 25
19.5%
Q4 24
18.9%
Q3 24
16.3%
Q2 24
21.3%
Q1 24
21.1%
EPS (diluted)
TOPS
TOPS
UHT
UHT
Q4 25
$-0.96
$0.32
Q3 25
$0.29
Q2 25
$0.32
Q1 25
$0.34
Q4 24
$0.34
Q3 24
$0.29
Q2 24
$0.38
Q1 24
$0.38

Balance Sheet & Financial Strength

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

Metric
TOPS
TOPS
UHT
UHT
Cash + ST InvestmentsLiquidity on hand
$20.4M
$6.7M
Total DebtLower is stronger
$216.6M
$374.8M
Stockholders' EquityBook value
$89.2M
$152.4M
Total Assets
$333.6M
$564.9M
Debt / EquityLower = less leverage
2.43×
2.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TOPS
TOPS
UHT
UHT
Q4 25
$20.4M
$6.7M
Q3 25
$6.9M
Q2 25
$6.6M
Q1 25
$7.0M
Q4 24
$7.1M
Q3 24
$6.4M
Q2 24
$5.6M
Q1 24
$7.7M
Total Debt
TOPS
TOPS
UHT
UHT
Q4 25
$216.6M
$374.8M
Q3 25
Q2 25
Q1 25
Q4 24
$368.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
TOPS
TOPS
UHT
UHT
Q4 25
$89.2M
$152.4M
Q3 25
$158.6M
Q2 25
$165.2M
Q1 25
$172.2M
Q4 24
$179.5M
Q3 24
$181.6M
Q2 24
$190.7M
Q1 24
$196.5M
Total Assets
TOPS
TOPS
UHT
UHT
Q4 25
$333.6M
$564.9M
Q3 25
$568.0M
Q2 25
$573.0M
Q1 25
$573.5M
Q4 24
$580.9M
Q3 24
$584.3M
Q2 24
$586.6M
Q1 24
$596.2M
Debt / Equity
TOPS
TOPS
UHT
UHT
Q4 25
2.43×
2.46×
Q3 25
Q2 25
Q1 25
Q4 24
2.05×
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
TOPS
TOPS
UHT
UHT
Operating Cash FlowLast quarter
$26.4M
$49.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
11.35×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TOPS
TOPS
UHT
UHT
Q4 25
$26.4M
$49.1M
Q3 25
$10.2M
Q2 25
$13.7M
Q1 25
$11.6M
Q4 24
$46.9M
Q3 24
$9.9M
Q2 24
$12.1M
Q1 24
$11.7M
Cash Conversion
TOPS
TOPS
UHT
UHT
Q4 25
11.35×
Q3 25
2.54×
Q2 25
3.05×
Q1 25
2.43×
Q4 24
10.06×
Q3 24
2.48×
Q2 24
2.30×
Q1 24
2.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TOPS
TOPS

Segment breakdown not available.

UHT
UHT

Reportable Segment Aggregation Before Other Operating Segment$23.1M94%
Equity Method Investment Nonconsolidated Investee Or Group Of Investees$2.3M9%

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