Safe Bulkers, Inc. (SB) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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SB Revenue Growth
SB Revenue Analysis (2013–2024)
As of May 8, 2026, Safe Bulkers, Inc. (SB) generated trailing twelve-month (TTM) revenue of $274.7 million, reflecting slight decline in growth of -3.7% year-over-year. The most recent quarter (Q3 2025) recorded $73.1 million in revenue, up 11.2% sequentially.
Looking at the longer-term picture, SB's 5-year compound annual growth rate (CAGR) stands at +9.2%, indicating steady revenue expansion. The company achieved its highest annual revenue of $349.7 million in 2022.
When compared to Industrials sector peers including SBLK (-17.6% YoY), GNK (+30336.5% YoY), and NMM (-1.3% YoY), SB has underperformed the peer group in terms of revenue growth. Compare SB vs SBLK →
SB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SBCurrent | $275M | -3.7% | +9.2% | 36.4% | |
 SBLK | $1.0B | -17.6% | +8.5% | 13.5% | |
 GNK | $342M | +30336.5% | -0.8% | 2.7% | |
 NMM | $1.3B | -1.3% | +43.5% | 33.6% | |
 SFL | $720M | -19.3% | +12.4% | 19.0% | |
 CMRE | $878M | -38.7% | +13.8% | 51.7% |
SB Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $307.6M | +8.2% | $140.2M | 45.6% | $111.9M | 36.4% |
| 2023 | $284.4M | -18.7% | $119.4M | 42.0% | $93.8M | 33.0% |
| 2022 | $349.7M | +6.3% | $210.0M | 60.1% | $184.6M | 52.8% |
| 2021 | $329.0M | +66.0% | $194.9M | 59.2% | $172.4M | 52.4% |
| 2020 | $198.2M | +0.2% | $32.2M | 16.3% | $10.7M | 5.4% |
| 2019 | $197.8M | +2.4% | $65.2M | 33.0% | $44.5M | 22.5% |
| 2018 | $193.2M | +30.5% | $75.2M | 38.9% | $56.0M | 29.0% |
| 2017 | $148.0M | +34.9% | $39.9M | 26.9% | $23.8M | 16.1% |
| 2016 | $109.8M | -13.8% | $3.1M | 2.8% | $-12,292,000 | -11.2% |
| 2015 | $127.3M | -17.4% | $6.9M | 5.4% | $-9,190,000 | -7.2% |
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Start ComparisonSB — Frequently Asked Questions
Quick answers to the most common questions about buying SB stock.
Is SB's revenue growth accelerating or slowing?
SB revenue growth slowed to -3.7%, below the 5-year CAGR of +9.2%. TTM revenue is $275M. The deceleration marks a shift from historical growth rates.
What is SB's long-term revenue growth rate?
Safe Bulkers, Inc.'s 5-year revenue CAGR of +9.2% reflects the variable expansion pattern. Current YoY growth of -3.7% is near this long-term average.
How is SB's revenue distributed by segment?
SB reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.