Pyxis Tankers Inc. (PXS) vs TOP Ships Inc. (TOPS)

Pyxis Tankers Inc. and TOP Ships Inc. are both Oil & Gas Midstream companies. Pyxis Tankers Inc. is the larger, with a market value of $77.4M against $3.4M — 22.8× the size. TOP Ships Inc. has negative trailing earnings, so its P/E is not meaningful; Pyxis Tankers Inc. trades at 9.3×. TOP Ships Inc. grew revenue faster over the last twelve months: 25.5% against −5.01%. Pyxis Tankers Inc. has the higher net margin (20.0% vs −1.48%) and the higher return on invested capital (6.15% vs 0.00%). Across the 19 metrics below, Pyxis Tankers Inc. leads on 13 and TOP Ships Inc. on 6.

Valuation

Metric PXS TOPS Oil & Gas Midstream median
P/E 9.26 n/m 12.77
P/S 1.81 0.00 2.36
P/B 0.72 0.01 2.09
Price to free cash flow 5.13 n/m 9.71
EV/EBITDA 4.72 2.97 8.30
EV/Sales 2.40 1.64 3.88
Earnings yield 10.80% (26,713.33%) 7.15%
Free cash flow yield 19.50% (24,226.39%) 6.86%

Profitability

Metric PXS TOPS Oil & Gas Midstream median
Gross margin 61.64% 57.93% 56.58%
Operating margin 30.65% 0.00% 34.18%
Net margin 20.00% (1.48%) 22.50%
Free cash flow margin 35.37% 0.00% 13.70%
Return on equity 8.26% 0.00% 14.65%
Return on assets 4.43% 0.00% 5.00%
Return on invested capital 6.15% 0.00% 6.13%

Growth

Metric PXS TOPS Oil & Gas Midstream median
Revenue growth (TTM) (5.01%) 25.46% 15.60%
EPS growth (last fiscal year) (79.12%) (38.53%) (7.86%)
Revenue growth, 5-year CAGR 12.43% 5.95% 9.59%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PXS TOPS Oil & Gas Midstream median
Debt to equity 0.78 3.40 0.78
Current ratio 4.72 0.48 1.19
Net debt to EBITDA 2.31 3.72 3.42

Dividend

Metric PXS TOPS Oil & Gas Midstream median
Dividend yield — — 4.54%
Payout ratio — — 0.76

Size

Metric PXS TOPS Oil & Gas Midstream median
Market cap 77.41m 3.40m 3.73b

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