COMP <GO>
HTCO vs TOPS // EV/EBITDA & P/E VALUATION
High-Trend International Group (Class A) (NASDAQ) VS. TOP Ships Inc. (NYSE) • 15-METRIC TALLY: HTCO 3
— TOPS 1
■ METRIC PARITY
LAST: $1.42 (+2.90%) • MKT CAP: $9.6M
valuation
—
LAST: $0.30 (+3.05%) • MKT CAP: $3.7M
valuation
7.2x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (HTCO VS. TOPS)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | HTCO | TOPS | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 3.20% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | — | 7.60% | — | TIE | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 7.2x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | — | — | — | TIE | /fcf-yield <GO> |
| Operating Margin | -9.30% | 32.70% | -42.00 | TOPS | /operating-margins <GO> |
| Net Profit Margin | -10.00% | — | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | 98.20% | — | — | TIE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | 0.20 | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 5/9 | 3/9 | +2.00 | HTCO | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 42.7 | 23.7 | +19.04 | HTCO | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $9.6M | $3.7M | $5.9M | HTCO | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | HTCO REV | TOPS REV | HTCO GROSS % | TOPS GROSS % | HTCO FCF | TOPS FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $214.4M | $80.4M | 3.2% | — | $4.6M | $26.4M |
| FY 2024 | $108.2M | $0 | 7.5% | — | -$3.3M | $17.3M |
| FY 2023 | $95.3M | — | — | — | -$17.8M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
HTCO // BETA —
TOPS // BETA —