Robin Energy Ltd. (RBNE) vs TOP Ships Inc. (TOPS)

Robin Energy Ltd. and TOP Ships Inc. are both Oil & Gas Midstream companies. TOP Ships Inc. is the larger, with a market value of $2.1M against $190.0K — 11.0× the size. TOP Ships Inc. has negative trailing earnings, so its P/E is not meaningful; Robin Energy Ltd. trades at 0.0×. Robin Energy Ltd. has the higher net margin (35.9% vs −1.48%) and the higher return on invested capital (42.7% vs 0.00%). Across the 16 metrics below, Robin Energy Ltd. leads on 12 and TOP Ships Inc. on 4.

Valuation

Metric RBNE TOPS Oil & Gas Midstream median
P/E 0.01 n/m 11.80
P/S 0.00 0.03 2.38
P/B 0.00 0.06 1.65
Price to free cash flow n/m n/m 7.76
EV/EBITDA n/m 3.02 7.88
EV/Sales (2.68) 1.66 3.36
Earnings yield 7,368.38% (1,113.75%) 7.98%
Free cash flow yield (37,264.49%) (3,746.35%) 7.23%

Profitability

Metric RBNE TOPS Oil & Gas Midstream median
Gross margin 54.90% 57.93% 55.22%
Operating margin 53.19% 0.00% 35.83%
Net margin 35.85% (1.48%) 20.12%
Free cash flow margin (167.93%) 0.00% 14.43%
Return on equity 14.65% 0.00% 14.03%
Return on assets 8.04% 0.00% 4.62%
Return on invested capital 42.67% 0.00% 6.10%

Growth

Metric RBNE TOPS Oil & Gas Midstream median
Revenue growth (TTM) — 25.46% 15.70%
EPS growth (last fiscal year) (228.92%) (38.53%) (7.78%)
Revenue growth, 5-year CAGR — 5.95% 10.05%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric RBNE TOPS Oil & Gas Midstream median
Debt to equity 0.00 3.40 0.77
Current ratio 13.18 0.48 1.16
Net debt to EBITDA (3.34) 3.72 3.46

Dividend

Metric RBNE TOPS Oil & Gas Midstream median
Dividend yield — — 5.03%
Payout ratio — — 0.73

Size

Metric RBNE TOPS Oil & Gas Midstream median
Market cap 190.00k 2.09m 3.30b

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