COMP <GO>
ICON vs TOPS // EV/EBITDA & P/E VALUATION
Icon Energy Corp. (NASDAQ) VS. TOP Ships Inc. (NYSE) • 15-METRIC TALLY: ICON 2
— TOPS 2
■ METRIC PARITY
LAST: $0.99 (+3.70%) • MKT CAP: $3.7M
valuation
—
LAST: $0.30 (+3.05%) • MKT CAP: $3.7M
valuation
7.2x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ICON VS. TOPS)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | ICON | TOPS | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 0.80% | 7.60% | -6.80 | TOPS | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 7.2x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | — | — | — | TIE | /fcf-yield <GO> |
| Operating Margin | — | 32.70% | — | TIE | /operating-margins <GO> |
| Net Profit Margin | — | — | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | — | — | — | TIE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 4.13% | 0.00% | +4.13 | ICON | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | 0.20 | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 3/9 | 3/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 60.0 | 23.7 | +36.34 | ICON | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $3.7M | $3.7M | -$16.0K | TOPS | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | ICON REV | TOPS REV | ICON GROSS % | TOPS GROSS % | ICON FCF | TOPS FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $0 | $80.4M | — | — | -$5.3M | $26.4M |
| FY 2024 | $0 | $0 | — | — | -$17.2M | $17.3M |
| FY 2023 | $0 | — | — | — | $2.5M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
ICON // BETA —
TOPS // BETA —