Safe Bulkers, Inc.(SB)Earnings, Financials & Key Ratios
SB•NYSE
$6.92
$729M mkt cap·8.3× P/E·Price updated May 6, 2026
AboutSafe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 18, 2022, the company had a fleet of 40 drybulk vessels having an average age of 10.4 years; and an aggregate carrying capacity of 3,925,500 deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 15 post- Panamax class vessels, and 6 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.Show more
- Revenue$308M+8.2%
- EBITDA$170M+14.9%
- Net Income$97M+25.9%
- EPS (Diluted)0.83+36.1%
- Gross Margin45.56%+8.5%
- EBITDA Margin55.26%+6.3%
- Operating Margin36.37%+10.3%
- Net Margin31.65%+16.4%
- ROE11.99%+21.3%
- ROIC6.62%+12.3%
- Debt/Equity0.65+0.7%
- Interest Coverage3.20-4.6%
SB Key Insights
Safe Bulkers, Inc. (SB) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 43.4%
- ✓Strong Piotroski F-Score: 7/9
- ✓Momentum leader: RS Rating 83 (top 17%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Good 3Y average ROE of 15.2%
- ✓Healthy dividend yield of 4.0%
✗Weaknesses
- ✗Negative free cash flow
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SB Price & Volume
Safe Bulkers, Inc. (SB) stock price & volume — 10-year historical chart
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SB Growth Metrics
Safe Bulkers, Inc. (SB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years7.16%
5 Years9.24%
3 Years-2.22%
TTM-13.74%
Profit CAGR
10 Years20.87%
5 Years43.44%
3 Years-17.65%
TTM-56.37%
EPS CAGR
10 Years30.04%
5 Years-
3 Years-16.78%
TTM-60.32%
Return on Capital
10 Years6.19%
5 Years10.33%
3 Years11.13%
Last Year8.6%
SB Recent Earnings
Safe Bulkers, Inc. (SB) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 9/12 qtrs (75%)
Q1 2026Latest
Feb 18, 2026EPS
$0.14
Est $0.14
+0.0%
Revenue
$76M
Est $70M
+8.5%
Q4 2025
Nov 25, 2025EPS
$0.12
Est $0.18
-35.1%
Revenue
$73M
Est $73M
-0.0%
Q3 2025
Jul 29, 2025EPS
$0.01
Est $0.08
-87.5%
Revenue
$66M
Est $67M
-1.3%
Q2 2025
May 19, 2025EPS
$0.05
Est $0.03
+66.7%
Revenue
$64M
Est $58M
+10.5%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 18, 2026 | $0.14vs $0.14+0.0% | $76Mvs $70M+8.5% |
| Q4 2025 | Nov 25, 2025 | $0.12vs $0.18-35.1% | $73Mvs $73M-0.0% |
| Q3 2025 | Jul 29, 2025 | $0.01vs $0.08-87.5% | $66Mvs $67M-1.3% |
| Q2 2025 | May 19, 2025 | $0.05vs $0.03+66.7% | $64Mvs $58M+10.5% |
Based on last 12 quarters of dataView full earnings history →
SB Peer Comparison
Safe Bulkers, Inc. (SB) competitors in Dry Bulk Shipping — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SBLK | 3.1B | 26.90 | 36.85 | -17.62% | 8.07% | 3.44% | 0.44 | |
 GNK | 1.1B | 25.50 | -255 | -19.14% | 8.12% | 4.19% | 0.22 | |
 NMM | 2.11B | 73.25 | 6.11 | 2.08% | 19.95% | 8.09% | 0.46 | |
 SFL | 1.56B | 11.78 | -58.90 | -19.28% | -3.67% | -2.75% | 2.67 | |
 CMRE | 2.08B | 17.27 | 6.04 | -57.87% | 33.32% | 16.35% | 0.70 | |
 DAC | 2.39B | 130.78 | 4.89 | 2.8% | 47.45% | 13.03% | 0.30 | |
 GSL | 1.47B | 41.61 | 3.65 | 8.63% | 54.8% | 24.76% | 0.38 | |
 MATX | 5.59B | 183.73 | 13.25 | -2.26% | 12.92% | 15.9% | 0.26 |
Compare SB vs Peers
Safe Bulkers, Inc. (SB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SB Income Statement
Safe Bulkers, Inc. (SB) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 109.77M | 148.03M | 193.19M | 197.76M | 198.16M | 329.03M | 349.72M | 284.4M | 307.63M | 274.66M |
| Revenue Growth % | -13.78% | 34.85% | 30.51% | 2.37% | 0.2% | 66.04% | 6.29% | -18.68% | 8.17% | -13.74% |
| Cost of Goods Sold | 106.68M | 108.15M | 117.96M | 132.59M | 165.94M | 134.17M | 139.7M | 165M | 167.46M | 173.24M |
| COGS % of Revenue | 97.19% | 73.06% | 61.06% | 67.05% | 83.74% | 40.78% | 39.95% | 58.02% | 54.44% | - |
| Gross Profit | 3.09M▲ 0% | 39.88M▲ 1191.1% | 75.23M▲ 88.6% | 65.17M▼ 13.4% | 32.22M▼ 50.6% | 194.87M▲ 504.8% | 210.02M▲ 7.8% | 119.41M▼ 43.1% | 140.17M▲ 17.4% | 101.42M▲ 0% |
| Gross Margin % | 2.81% | 26.94% | 38.94% | 32.95% | 16.26% | 59.22% | 60.05% | 41.98% | 45.56% | 36.93% |
| Gross Profit Growth % | -54.96% | 1191.1% | 88.64% | -13.38% | -50.56% | 504.78% | 7.78% | -43.15% | 17.39% | - |
| Operating Expenses | 15.38M | 16.12M | 19.24M | 20.64M | 21.5M | 22.5M | 25.37M | 25.63M | 28.3M | 30.12M |
| OpEx % of Revenue | 14.01% | 10.89% | 9.96% | 10.44% | 10.85% | 6.84% | 7.26% | 9.01% | 9.2% | - |
| Selling, General & Admin | 15.38M | 16.12M | 19.24M | 20.64M | 21.5M | 22.5M | 21.8M | 23.76M | 27.04M | 28.86M |
| SG&A % of Revenue | 14.01% | 10.89% | 9.96% | 10.44% | 10.85% | 6.84% | 6.23% | 8.36% | 8.79% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 3.57M | 1.87M | 1.26M | 1000K |
| Operating Income | -12.29M▲ 0% | 23.76M▲ 293.3% | 55.99M▲ 135.6% | 44.53M▼ 20.5% | 10.72M▼ 75.9% | 172.37M▲ 1508.1% | 184.65M▲ 7.1% | 93.77M▼ 49.2% | 111.87M▲ 19.3% | 71.3M▲ 0% |
| Operating Margin % | -11.2% | 16.05% | 28.98% | 22.52% | 5.41% | 52.39% | 52.8% | 32.97% | 36.37% | 25.96% |
| Operating Income Growth % | -33.75% | 293.33% | 135.62% | -20.47% | -75.93% | 1508.05% | 7.12% | -49.22% | 19.3% | - |
| EBITDA | 37.19M | 75.19M | 104.06M | 94.84M | 64.99M | 224.73M | 234.17M | 147.9M | 170.01M | 131.17M |
| EBITDA Margin % | 33.88% | 50.79% | 53.86% | 47.96% | 32.8% | 68.3% | 66.96% | 52% | 55.26% | 47.76% |
| EBITDA Growth % | -1.98% | 102.16% | 38.4% | -8.86% | -31.47% | 245.8% | 4.2% | -36.84% | 14.95% | -27.64% |
| D&A (Non-Cash Add-back) | 49.48M | 51.42M | 48.07M | 50.31M | 54.27M | 52.36M | 49.52M | 54.13M | 58.13M | 59.87M |
| EBIT | -31.59M | -59M | 56.16M | 45.41M | 10.7M | 192.76M | 193.05M | 105.3M | 132.32M | 80.41M |
| Net Interest Income | -23.86M | -17.23M | -27.55M | -27.82M | -23M | -18.35M | -19.72M | -25.45M | -31.55M | -29.81M |
| Interest Income | 515K | 8.45M | 929K | 1.56M | 604K | 69K | 783K | 2.5M | 3.4M | 4.51M |
| Interest Expense | 24.37M | 25.68M | 28.48M | 29.37M | 23.6M | 18.41M | 20.5M | 27.94M | 34.95M | 34.32M |
| Other Income/Expense | -43.67M | -108.44M | -28.31M | -28.49M | -23.62M | 1.98M | -12.09M | -16.42M | -14.5M | -25.21M |
| Pretax Income | -55.97M▲ 0% | -84.68M▼ 51.3% | 27.68M▲ 132.7% | 16.04M▼ 42.1% | -12.9M▼ 180.5% | 174.35M▲ 1451.0% | 172.55M▼ 1.0% | 77.35M▼ 55.2% | 97.38M▲ 25.9% | 46.09M▲ 0% |
| Pretax Margin % | -50.98% | -57.2% | 14.33% | 8.11% | -6.51% | 52.99% | 49.34% | 27.2% | 31.65% | 16.78% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -55.97M▲ 0% | -84.68M▼ 51.3% | 27.68M▲ 132.7% | 16.04M▼ 42.1% | -12.9M▼ 180.5% | 174.35M▲ 1451.0% | 172.55M▼ 1.0% | 77.35M▼ 55.2% | 97.38M▲ 25.9% | 46.09M▲ 0% |
| Net Margin % | -50.98% | -57.2% | 14.33% | 8.11% | -6.51% | 52.99% | 49.34% | 27.2% | 31.65% | 16.78% |
| Net Income Growth % | -16.73% | -51.3% | 132.69% | -42.07% | -180.47% | 1451.01% | -1.03% | -55.17% | 25.89% | -56.37% |
| Net Income (Continuing) | -55.97M | -84.68M | 27.68M | 16.04M | -12.9M | 174.35M | 172.55M | 77.35M | 97.38M | 46.09M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.66▲ 0% | -0.84▼ 27.3% | 0.27▲ 132.1% | -0.11▼ 140.7% | -0.25▼ 127.3% | 1.44▲ 676.0% | 1.36▼ 5.6% | 0.61▼ 55.1% | 0.83▲ 36.1% | 0.45▲ 0% |
| EPS Growth % | -15.79% | -27.27% | 132.14% | -140.74% | -127.27% | 676% | -5.56% | -55.15% | 36.07% | -60.32% |
| EPS (Basic) | -0.66 | -0.84 | 0.27 | -0.11 | -0.25 | 1.44 | 1.36 | 0.61 | 0.83 | - |
| Diluted Shares Outstanding | 84.53M | 100.93M | 101.6M | 101.69M | 102.62M | 113.72M | 120.65M | 113.62M | 107.58M | 102.32M |
| Basic Shares Outstanding | 84.53M | 100.93M | 101.6M | 101.69M | 102.62M | 113.72M | 120.65M | 113.62M | 107.58M | 102.32M |
| Dividend Payout Ratio | - | - | 41.13% | 71.67% | - | 6.42% | 13.99% | 39.66% | 30.3% | - |
SB Balance Sheet
Safe Bulkers, Inc. (SB) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 111.01M | 79.09M | 101.26M | 135.99M | 134.73M | 124.12M | 157.7M | 146.72M | 165.39M | 158.95M |
| Cash & Short-Term Investments | 94.81M | 60.08M | 82.08M | 106.38M | 105.22M | 102.08M | 114.38M | 89.94M | 128.42M | 115.25M |
| Cash Only | 82.81M | 47.86M | 52.19M | 78.94M | 93.44M | 101M | 50.19M | 50.21M | 84.08M | 115.25M |
| Short-Term Investments | 12M | 12.22M | 29.89M | 27.44M | 11.78M | 1.08M | 64.19M | 39.73M | 44.34M | 0 |
| Accounts Receivable | 9M | 13.05M | 12.22M | 16.07M | 5.49M | 8.75M | 7.16M | 9.28M | 15.08M | 0 |
| Days Sales Outstanding | 29.93 | 32.19 | 23.08 | 29.67 | 10.11 | 9.7 | 7.47 | 11.91 | 17.89 | 5.01 |
| Inventory | 5.17M | 4.23M | 4.14M | 9.27M | 12.04M | 8.65M | 17.32M | 16.65M | 14.88M | 0 |
| Days Inventory Outstanding | 17.7 | 14.27 | 12.81 | 25.5 | 26.47 | 23.54 | 45.26 | 36.84 | 32.44 | 7.84 |
| Other Current Assets | 2.02M | 1.73M | 2.82M | 4.27M | 11.99M | 4.63M | 18.84M | 30.85M | 7.01M | 43.71M |
| Total Non-Current Assets | 1.06B | 956.01M | 974.94M | 978.65M | 970.89M | 970.2M | 1.09B | 1.19B | 1.24B | 1.21B |
| Property, Plant & Equipment | 1.05B | 946.53M | 963.89M | 964M | 951.29M | 952.81M | 1.08B | 1.18B | 1.23B | 1.12B |
| Fixed Asset Turnover | 0.10x | 0.16x | 0.20x | 0.21x | 0.21x | 0.35x | 0.32x | 0.24x | 0.25x | 0.23x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 11.02M | 9.48M | 11.02M | 14.16M | 18.88M | 16.41M | 10.28M | 11.61M | 8.15M | 32.17M |
| Other Non-Current Assets | 0 | 0 | 35K | 498K | 722K | 980K | 536K | 268K | 36K | 95.46M |
| Total Assets | 1.17B▲ 0% | 1.04B▼ 11.8% | 1.08B▲ 4.0% | 1.11B▲ 3.6% | 1.11B▼ 0.8% | 1.09B▼ 1.0% | 1.25B▲ 13.9% | 1.34B▲ 7.5% | 1.4B▲ 4.7% | 1.37B▲ 0% |
| Asset Turnover | 0.09x | 0.14x | 0.18x | 0.18x | 0.18x | 0.30x | 0.28x | 0.21x | 0.22x | 0.20x |
| Asset Growth % | -10.38% | -11.81% | 3.97% | 3.57% | -0.81% | -1.02% | 13.85% | 7.54% | 4.72% | 14.12% |
| Total Current Liabilities | 23.78M | 36.93M | 54.61M | 86.78M | 104.72M | 88.69M | 91.32M | 55.73M | 86.47M | 58.53M |
| Accounts Payable | 5.39M | 4.14M | 6.13M | 12.97M | 13.48M | 9.98M | 10.49M | 10.44M | 9.9M | 0 |
| Days Payables Outstanding | 18.45 | 13.96 | 18.97 | 35.71 | 29.65 | 27.16 | 27.4 | 23.1 | 21.58 | 5.22 |
| Short-Term Debt | 12.18M | 25.59M | 36.19M | 64.05M | 75.78M | 61.86M | 43.56M | 25.53M | 58.19M | 34.5M |
| Deferred Revenue (Current) | 2.04M | 3.54M | 5.41M | 3.04M | 6.22M | 11.01M | 9.52M | 10.85M | 6.54M | 6.54M |
| Other Current Liabilities | 4.17M | 3.67M | 6.88M | 6.59M | 9.23M | 5.84M | 27.75M | 8.91M | 11.84M | 24.03M |
| Current Ratio | 4.67x | 2.14x | 1.85x | 1.57x | 1.29x | 1.40x | 1.73x | 2.63x | 1.91x | 1.91x |
| Quick Ratio | 4.45x | 2.03x | 1.78x | 1.46x | 1.17x | 1.30x | 1.54x | 2.33x | 1.74x | 1.74x |
| Cash Conversion Cycle | 29.19 | 32.49 | 16.92 | 19.46 | 6.93 | 6.08 | 25.33 | 25.64 | 28.74 | 7.63 |
| Total Non-Current Liabilities | 571.44M | 541.82M | 538.76M | 537.92M | 538.05M | 326.39M | 382.69M | 491.57M | 485.01M | 487.81M |
| Long-Term Debt | 569.78M | 541.82M | 538.51M | 537M | 531.88M | 315.8M | 370.81M | 482.39M | 478.45M | 481.78M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.66M | 0 | 0 | 274K | 2.64M | 2.6M | 4.55M | 5.93M | 3.93M | 24.97M |
| Total Liabilities | 595.22M | 578.75M | 593.37M | 624.7M | 642.77M | 415.08M | 474M | 547.3M | 571.48M | 546.33M |
| Total Debt | 581.96M | 567.4M | 574.69M | 601.05M | 607.67M | 377.65M | 414.36M | 507.92M | 536.64M | 516.28M |
| Net Debt | 499.14M | 519.54M | 522.5M | 522.11M | 514.23M | 276.65M | 364.18M | 457.71M | 452.56M | 401.03M |
| Debt / Equity | 1.01x | 1.24x | 1.19x | 1.23x | 1.31x | 0.56x | 0.54x | 0.64x | 0.65x | 0.65x |
| Debt / EBITDA | 15.65x | 7.55x | 5.52x | 6.34x | 9.35x | 1.68x | 1.77x | 3.43x | 3.16x | 3.94x |
| Net Debt / EBITDA | 13.42x | 6.91x | 5.02x | 5.51x | 7.91x | 1.23x | 1.56x | 3.09x | 2.66x | 2.66x |
| Interest Coverage | -0.50x | 0.93x | 1.97x | 1.52x | 0.45x | 9.36x | 9.01x | 3.36x | 3.20x | 2.34x |
| Total Equity | 578.54M▲ 0% | 456.35M▼ 21.1% | 482.83M▲ 5.8% | 489.94M▲ 1.5% | 462.86M▼ 5.5% | 679.24M▲ 46.7% | 771.92M▲ 13.6% | 792.51M▲ 2.7% | 831.62M▲ 4.9% | 826.28M▲ 0% |
| Equity Growth % | -8.77% | -21.12% | 5.8% | 1.47% | -5.53% | 46.75% | 13.64% | 2.67% | 4.93% | 10.89% |
| Book Value per Share | 6.84 | 4.52 | 4.75 | 4.82 | 4.51 | 5.97 | 6.40 | 6.98 | 7.73 | 8.08 |
| Total Shareholders' Equity | 578.54M | 456.35M | 482.83M | 489.94M | 462.86M | 679.24M | 771.92M | 792.51M | 831.62M | 826.28M |
| Common Stock | 99K | 102K | 103K | 104K | 102K | 122K | 119K | 112K | 105K | 826.28M |
| Retained Earnings | 194.25M | 95.11M | 111.28M | 115.62M | 90.31M | 253.86M | 392.79M | 439.46M | 507.34M | 0 |
| Treasury Stock | -120K | -120K | -737K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SB Cash Flow Statement
Safe Bulkers, Inc. (SB) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 13.5M | 49.2M | 85.45M | 58.28M | 63.38M | 217.2M | 218M | 122.21M | 130.46M | 130.46M |
| Operating CF Margin % | 12.3% | 33.24% | 44.23% | 29.47% | 31.98% | 66.01% | 62.34% | 42.97% | 42.41% | - |
| Operating CF Growth % | -47.1% | 264.44% | 73.68% | -31.79% | 8.74% | 242.72% | 0.37% | -43.94% | 6.75% | 80849.78% |
| Net Income | -55.97M | -84.68M | 27.68M | 16.04M | -12.9M | 174.35M | 172.55M | 77.35M | 97.38M | 46.09M |
| Depreciation & Amortization | 49.48M | 51.42M | 48.07M | 50.31M | 54.27M | 52.36M | 49.52M | 54.13M | 58.13M | 59.87M |
| Stock-Based Compensation | 120K | 120K | 120K | 120K | 120K | 120K | 120K | 144K | 150K | 0 |
| Deferred Taxes | 19.52M | 81.93M | 179K | 111K | 1.45M | -19.23M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 3.06M | 2.83M | 1.79M | 2.12M | 1.97M | 2.9M | 4.88M | -5.35M | -15.22M | -6.34M |
| Working Capital Changes | -2.73M | -2.43M | 7.61M | -10.42M | 18.48M | 6.7M | -9.07M | -4.07M | -9.98M | -3.92M |
| Change in Receivables | -1.7M | -2.37M | -534K | -4.22M | 10.47M | -3.2M | 1.61M | -1.98M | -5.71M | -4.9M |
| Change in Inventory | 238K | 947K | 88K | -5.54M | -3.53M | 3.9M | -13.18M | -683K | 928K | 928K |
| Change in Payables | -1.68M | -486K | 2.63M | 5.04M | 2.46M | -3.99M | 505K | 385K | -1.12M | 0 |
| Cash from Investing | 21.3M | -38.2M | -63.67M | -36.78M | -34.78M | 8.55M | -229.4M | -151.73M | -71.73M | -28.95M |
| Capital Expenditures | -58.37M | -59.94M | -45.93M | -39.24M | -50.44M | -109.23M | -183.28M | -209.1M | -144.78M | 0 |
| CapEx % of Revenue | 53.18% | 40.49% | 23.78% | 19.84% | 25.46% | 33.2% | 52.41% | 73.52% | 47.06% | - |
| Acquisitions | 91.65M | 21.94M | 0 | -2.46M | -15.66M | 107.08M | 16.93M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 21.3K | -38.2K | -17.74M | 2.46M | 15.66M | 0 | 4K | 30.77M | 78M | -28.95M |
| Cash from Financing | -83.9M | -46.7M | -15.58M | 8.54M | -9.29M | -225.9M | -40.1M | 29.14M | -25.86M | -26.4M |
| Debt Issued (Net) | -84.03M | -7.54M | 7.79M | 26.24M | 10.4M | -265.73M | 46.3M | 89.97M | 36.16M | 0 |
| Equity Issued (Net) | -120K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K |
| Dividends Paid | -14.05M | -12.32M | -11.39M | -11.49M | -11.5M | -11.2M | -33.63M | -30.68M | -29.5M | -29.5M |
| Share Repurchases | -120K | 0 | -10.11M | -4.15M | -6.1M | -17.71M | -46.37M | -26.22M | -28.92M | -28.52M |
| Other Financing | 14.32M | -1.87M | -1.87M | -2.05M | -2.19M | -2.42M | -6.4M | -3.93M | -3.6M | 31.61M |
| Net Change in Cash | -49.13M▲ 0% | -36.3M▲ 26.1% | 6.08M▲ 116.7% | 30.05M▲ 394.2% | 19.55M▼ 34.9% | -938K▼ 104.8% | -52.17M▼ 5461.6% | -25K▲ 100.0% | 32.5M▲ 130088.0% | -92.77M▲ 0% |
| Free Cash Flow | -44.87M▲ 0% | -10.74M▲ 76.1% | 39.52M▲ 467.8% | 19.04M▼ 51.8% | 12.93M▼ 32.1% | 107.97M▲ 734.9% | 34.72M▼ 67.8% | -86.9M▼ 350.2% | -14.32M▲ 83.5% | 54.68M▲ 0% |
| FCF Margin % | -40.88% | -7.26% | 20.45% | 9.63% | 6.53% | 32.81% | 9.93% | -30.55% | -4.65% | 19.91% |
| FCF Growth % | 54.22% | 76.06% | 467.84% | -51.81% | -32.09% | 734.91% | -67.84% | -350.25% | 83.52% | 157.33% |
| FCF per Share | -0.53 | -0.11 | 0.39 | 0.19 | 0.13 | 0.95 | 0.29 | -0.76 | -0.13 | -0.13 |
| FCF Conversion (FCF/Net Income) | -0.24x | -0.58x | 3.09x | 3.63x | -4.91x | 1.25x | 1.26x | 1.58x | 1.34x | 1.19x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29.45M | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SB Key Ratios
Safe Bulkers, Inc. (SB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -9.23% | -16.36% | 5.9% | 3.3% | -2.71% | 30.53% | 23.78% | 9.89% | 11.99% | 5.58% |
| Return on Invested Capital (ROIC) | -0.85% | 1.74% | 4.24% | 3.31% | 0.81% | 13.38% | 13.24% | 5.89% | 6.62% | 6.62% |
| Gross Margin | 2.81% | 26.94% | 38.94% | 32.95% | 16.26% | 59.22% | 60.05% | 41.98% | 45.56% | 36.93% |
| Net Margin | -50.98% | -57.2% | 14.33% | 8.11% | -6.51% | 52.99% | 49.34% | 27.2% | 31.65% | 16.78% |
| Debt / Equity | 1.01x | 1.24x | 1.19x | 1.23x | 1.31x | 0.56x | 0.54x | 0.64x | 0.65x | 0.65x |
| Interest Coverage | -0.50x | 0.93x | 1.97x | 1.52x | 0.45x | 9.36x | 9.01x | 3.36x | 3.20x | 2.34x |
| FCF Conversion | -0.24x | -0.58x | 3.09x | 3.63x | -4.91x | 1.25x | 1.26x | 1.58x | 1.34x | 1.19x |
| Revenue Growth | -13.78% | 34.85% | 30.51% | 2.37% | 0.2% | 66.04% | 6.29% | -18.68% | 8.17% | -13.74% |
SB Frequently Asked Questions
Safe Bulkers, Inc. (SB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Safe Bulkers, Inc. (SB) reported $274.7M in revenue for fiscal year 2024. This represents a 188% increase from $95.3M in 2006.
Safe Bulkers, Inc. (SB) grew revenue by 8.2% over the past year. This is steady growth.
Yes, Safe Bulkers, Inc. (SB) is profitable, generating $46.1M in net income for fiscal year 2024 (31.7% net margin).
Dividend & Returns
Yes, Safe Bulkers, Inc. (SB) pays a dividend with a yield of 3.96%. This makes it attractive for income-focused investors.
Safe Bulkers, Inc. (SB) has a return on equity (ROE) of 12.0%. This is reasonable for most industries.
Safe Bulkers, Inc. (SB) generated $54.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More SB
Safe Bulkers, Inc. (SB) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
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Price History
Long-term charts & historical price data
Revenue History
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Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
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