Tops Company & Revenue

Main Category
Main Country Selling to

Annual Revenue

US$24m
2024

Global Rank

5,536
2024

Conversation Rate

1.5-2.0%
2024

Average Order Value

2024

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Revenue Development
Country & Category Splits
Company Financials
Transaction KPIs

The values shown here refer to the retailer's largest online store. Aggregated total figures and values for other stores can be found in our tool.

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Tops Revenue & Turnover

Tops Annual Revenue & Growth by Year

Tops's annual sales on its online store tops.co.th amounted to US$24m in 2024. This represents a change of 20-25% from the previous year. Tops's largest online store is expected to see a growth rate of 5-10% in 2025 compared to 2024, indicating a projected shift in performance.

Annual Revenue

US$24m
2024

Annual Growth Forecast

5-10%
24/25

eCommerce Revenue (in Million US$)

2022
2023
24
2024
2025
2026

For the sake of simplicity, we refer to revenue here. Our tool provides a more detailed distinction between Net Sales and GMV.

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Tops Monthly Sales & Revenue Development

Retailers follow monthly revenue patterns, which depend on annual events, consumer habits, and economic conditions. In the case of Tops, revenues in April of 2025 were US$2m on its domain tops.co.th. This marks a change in monthly revenues of <0% from March.

Revenue Current Month

US$2m
04/25

Growth from Previous Month

<0%
03/25-04/25

Monthly eCommerce Revenue (in Million US$)

12-2024
01-2025
02-2025
03-2025
US$2m
04-2025

For the sake of simplicity, we refer to revenue here. Our tool provides a more detailed distinction between Net Sales and GMV.

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Tops Sales by Country & Market Shares

Tops's main market is Thailand, where its main online store, tops.co.th, generated 100% of revenues in 2024. Tops engages in markets that support its strategic objectives, whether through domestic focus or cross-border expansion.

Market Shares by Country

World Map

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Tops Revenue Split by Product Categories

Tops sales by product category provide a deeper look into its income structure. Tops's most significant category is Grocery, which accounts for 64% of total sales in 2024 at its largest online store, tops.co.th. The analysis of sales by category provides a clearer picture of how different segments contribute to overall performance.

Revenue Breakdown by Category

2024

Grocery (64%)

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Tops Financial Analysis: Earnings, Net Worth, Profits

Regularly updated figures from Tops's latest annual report provide us with the company's financial figures that are indicative of its business performance and outlook. In 2024, Tops's gross profit was US$1,953m, while its operating profit was US$452m.

Gross Profit

US$1,953m
2024

Operating Profit

US$452m
2024

Net Income

2024

Earnings per Share

2024

Total Assets

2024

Total Equity

2024

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Tops Number of Employees

Tops had a headcount of 58,200 in 2024. Meanwhile approximately US$0.1m was generated per employee in 2024

Revenue per Employee (in Million US$)

2020
2021
2022
2023
US$0.1m
2024

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Tops Top Stores

Tops's flagship domain tops.co.th generated revenues of US$24m in 2024. Forecasts expect a revenue change of 5-10% in the coming year.

Top Online Stores by Net Sales (in Million US$)

# 1
tops.co.th
Central Retail Corporation Public Co., Ltd.
2021

2022

2023

2024

2025

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Tops Competitor Analysis & Similar Stores

7eleven.co.th is the closest competitor to Tops's largest online store tops.co.th, with a similarity score of 95.0% in 2024. watsons.co.th is another key store with a high similarity score of 90.1%. This competitor analysis provides a concise overview of comparable online stores for market performance benchmarking.

Top Competitors and Similar Stores

tops.co.th
Main
watsons.co.th
90.1%

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Tops Transaction KPIs: Conversion Rate, Average Order Value

Analyzing transactions on Tops's largest online store tops.co.th reveals key metrics like conversion rate, average order value, discount rate, and return rate. The store's conversion rate reached 1.5-2.0% in 2024, offering insight into user behavior.

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1.5-2.0%
2024

Average Order Value

2024

Return Rate

2024

Discount Rate

2024

Tops Payment, Shipping and Shop Software Provider Landscape

Payment and shipping options have a major impact on customer satisfaction. In the case of Tops, the payment providers VISA (Cards), Mastercard (Cards) and JCB (Cards) are available at its largest online store, tops.co.th. Shipping providers, on the other hand, vary significantly depending on the market. Overall, tops.co.th offers Self-collection / Click & collect.

Payment Provider

VISA (Cards)

Shipping Provider

Self-collection / Click & collect

Shop Software

Klarna Logo
American Express Logo
UPS Logo
Shopify Logo

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