Heidmar Maritime Holdings vs TOP Ships
TOP Ships is the larger business, with $80.4m of revenue in fiscal 2025 against $55.9m for Heidmar Maritime Holdings (1.4 times as much). Heidmar Maritime Holdings grew faster (92.9% against -0.3%). TOP Ships kept more of each dollar of sales as profit: a net margin of 3.8% against -40.4%. Heidmar Maritime Holdings carries less debt relative to equity (0.0% against 245.0%).
| Latest fiscal year | Heidmar Maritime HoldingsHMR, 2025 | TOP ShipsTOPS, 2025 |
|---|---|---|
| Revenue | $55.9m | $80.4m |
| Revenue growth | 92.9% | -0.3% |
| Net income | −$22.6m | $3.1m |
| Operating margin | -8.7% | 32.7% |
| Net margin | -40.4% | 3.8% |
| Return on equity | -156.0% | 3.1% |
| Free cash flow | $13.2m | $17.1m |
| Cash | $18.6m | $20.4m |
| Total debt | $0 | $219m |
| Debt to equity | 0.0% | 245.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $84.1m | $1.5m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |