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Star Bulk Carriers Corp.

SBLK Industrials Marine Shipping

Star Bulk Carriers Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, down 17.6% from fiscal 2024.

Revenue
+44.5%
EPS
+433,233.3%
Free cash flow
+25.8%
Total debt
−12.6%

Quarter to June 2026, against a year earlier

26.56 0.64 −2.35%
Market cap
$3.0B
P/E
10.4×
Fwd P/E
6.1×
Dividend yield
7.08%
F-score
5/9
Altman Z
1.26
Beneish M
−2.46
Dividend safety
57/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 6.92
Sold, $m 8.42
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — 1 — — 8 1 —
Sell — — — 1 2 2 2 1 5 2 2 —
Insider Ownership 25.56%

Capital & Financial Ratios $m

Size
Market Cap 2,970.00
Revenue ttm 1,203.01
Net income ttm 287.15
Free cash flow ttm 559.89
Net debt Q 470.18
Valuation
P/E 10.38
Forward P/E 6.05
Price / sales 2.46
Forward P/S Powerpack
Price / FCF 5.28
Price / book 1.18
Financial health
Current ratio Q 1.91 (at or above 1.5: strong)
Debt / equity Q 0.41 (at or below 0.5: strong)
Interest coverage Q 12.46
Growth
Revenue growth Q +44.46% (above 0%: growing)
Operating income growth Q +1,071.29% (above 0%: growing)
EPS, this year +386.56% (at or above 15%: strong)
EPS, next year A −4.41% (below 0%: weak)
Revenue, next year A +14.15% (at or above 10%: strong)
EPS, past 5 yrs +48.82% (at or above 15%: strong)
EPS, next 5 yrs A +66.45% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.8×, against a ten-year median of 3.0×; over the ten years it ranged from 1.6× in 2022 to 8.4× in 2017.
P/E against its own 10 years 50.41%
10-year low 10-year high
P/S against its own 10 years 88.23%
10-year low 10-year high
P/B against its own 10 years 83.39%
10-year low 10-year high
EV/Sales against its own 10 years 44.15%
10-year low 10-year high
EV/FCF against its own 10 years 67.90%
10-year low 10-year high

Dividends

Yield
7.08%
Annual rate
1.88
Payout ratio
73.7%
Growth, 2019–25
+34.8%/yr
  1. 0.05 ’19
  2. 0.05 ’20 +0
  3. 2.95 ’21 +5800
  4. 6.50 ’22 +120
  5. 1.57 ’23 −76
  6. 2.50 ’24 +59
  7. 0.30 ’25 −88
  8. 3.89 ’26e +1198
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 260 436 500 564
Receivables 69 79 84 97
Inventory 62 79 51 75
Other 44 46 35 60
454 659 683 808
2023 2024 2025 Q'26
Payables 39 52 49 60
ST’ Debt 249 221 226 231
Other 6 2 2 3
359 400 384 422

Compound Annual Growth %

10y 5y 3y
Sales 16.10% 8.50% (10.15%)
Cash Flow 0.00% 11.65% (27.29%)
Earnings 0.00% 54.18% (47.02%)
Book Value 7.99% 9.59% 6.65%

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 0.97 Actual 1.21

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 0.28 0.28 Met by 0.00
Dec 2025 0.59 0.65 Beat by 0.06
Mar 2026 0.45 0.56 Beat by 0.11
Jun 2026 0.97 1.21 Beat by 0.24
Sep 2026 1.33 — Reports 17 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.52 1.30 — — —
’25 0.00 0.00 0.16 0.57 0.73
’24 0.89 0.93 0.69 0.36 2.80
’23 0.44 0.43 0.45 0.45 1.76
’22 1.67 1.95 1.07 0.84 5.52
’21 0.36 1.22 2.15 2.93 6.71
’20 0.03 (0.46) 0.24 0.29 0.10
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 281 357 — — —
’25 231 247 264 301 1,042
’24 259 353 344 309 1,265
’23 224 239 223 263 949
’22 361 417 364 295 1,437
’21 200 311 416 500 1,427
’20 161 146 200 186 693
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 112 150 — — —
’25 49 54 92 101 296
’24 114 143 138 76 471
’23 83 97 67 89 336
’22 229 240 184 116 770
’21 79 140 251 296 767
’20 32 23 57 58 171
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 112 131 — — —
’25 50 104 157 160 470
’24 186 256 158 174 774
’23 78 181 131 178 569
’22 224 232 178 110 744
’21 79 24 226 191 637
’20 32 (28) 46 48 98
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 222 332 652 821 693 1,427 1,437 949 1,265 1,042 1,203 +18.7% 1,190 1,061 1,070 +0.9%
Gross margin, % 21.56 47.08 45.92 30.93 37.37 66.35 59.37 43.66 47.69 38.62 48.83 +17.1 pt
EBT (154) (10) 58 (16) 10 680 566 174 305 85 288 n/m
EBT margin, % (69.32) (2.90) 8.97 (1.97) 1.41 47.67 39.39 18.30 24.07 8.16 23.94 +77.5 pt
Net income (154) (10) 58 (16) 10 681 566 174 305 84 287 n/m
Per share, $
Per share, $ Revenue 4.67 5.27 8.46 8.76 7.21 14.11 14.07 9.64 11.84 9.07 10.81 +7.7%
Earnings (3.23) (0.16) 0.77 (0.17) 0.10 6.73 5.54 1.76 2.85 0.73 2.56 n/m
Cash flow (0.70) 1.31 2.19 0.94 1.77 7.58 7.54 3.41 4.41 2.57 4.09 n/m
Capex 0.00 (2.04) (4.26) (3.10) (0.75) (1.29) (0.25) 2.37 2.84 1.52 0.94 n/m
Free cash flow (0.70) (0.73) (2.07) (2.15) 1.02 6.29 7.29 5.78 7.25 4.09 5.03 n/m
Book value 21.80 17.26 19.73 16.47 16.12 20.56 19.77 16.86 23.22 21.30 22.59 (0.3%)
Shares, m 48 63 77 94 96 101 102 98 107 115 113 +10.3%
Valuation, ×
Valuation, × P/E 0.00 0.00 12.19 0.00 88.30 3.39 3.33 11.82 5.12 26.18 10.38 15.0
P/S 1.22 2.25 1.08 1.35 1.22 1.61 1.31 2.17 1.26 2.12 2.46 1.6
P/B 0.26 0.69 0.46 0.72 0.55 1.10 0.93 1.24 0.64 0.90 1.18 0.7
EV/Sales 7.58 3.85 2.04 3.06 3.14 2.32 2.00 3.20 1.92 2.67 2.85 3.2
EV/FCF (24.75) (4.26) (4.00) (4.73) (16.06) 6.49 3.86 5.33 3.14 5.91 6.12 (2.9)
Cash, $m
Cash, $m Operating cash flow (33) 83 169 89 171 767 770 336 471 296 455 n/m
Capex (396) (129) (329) (291) (72) (130) (25) 233 303 174 105 n/m
Free cash flow (33) (46) (160) (202) 98 637 744 569 774 470 560 n/m
Balance, $m
Balance, $m Working capital 200 93 76 (45) 41 392 220 95 259 300 386 +4.6%
Net debt 612 532 624 1,404 1,325 1,020 985 975 833 569 470 (0.8%)
Shareholders’ equity 1,037 1,088 1,520 1,544 1,550 2,080 2,019 1,660 2,482 2,449 2,514 +10.0%
Returns, %
Returns, % ROA (7.41) (0.47) 2.26 (0.52) 0.30 19.59 15.75 5.37 8.56 2.13 7.41 +9.5 pt
ROIC (4.14) 1.50 3.85 1.56 1.83 14.91 12.64 5.66 7.22 2.83 6.99 +7.0 pt
ROE (14.20) (0.92) 4.48 (1.06) 0.62 37.50 27.61 9.43 14.71 3.41 11.68 +17.6 pt
People
People Employees 145 152 176 181 180 181 209 216 301 294 — +8.2%
Revenue/emp, $m 1.53 2.18 3.70 4.54 3.85 7.89 6.88 4.39 4.20 3.55 — +9.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Star Bulk Carriers Corp. vs peers in Marine Shipping (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MATX Matson, Inc. $6.4B 12.0× 13.6× +26.52% (above 0%: growing) +64.25% (above 0%: growing) +148.10% (above 0%: growing) 29.63% 22.92% Compare
HAFN Hafnia Limited $5.0B 7.1× — +47.21% (above 0%: growing) +273.33% (above 0%: growing) +193.17% (above 0%: growing) 37.79% 34.33% Compare
ZIM ZIM Integrated Shipping Services Ltd. $3.3B 23.7× 3.4× +8.86% (above 0%: growing) +178.95% (above 0%: growing) −9.51% (below 0%: shrinking) 14.32% 8.10% Compare
ECO Okeanis Eco Tankers Corp. $3.1B 7.6× 5.0× +239.40% (above 0%: growing) +602.38% (above 0%: growing) +196.66% (above 0%: growing) 80.71% 74.97% Compare
SBLK Star Bulk Carriers Corp. $3.0B 10.4× 6.1× +44.46% (above 0%: growing) +433,233.33% (above 0%: growing) +25.84% (above 0%: growing) 56.88% 43.38%
DAC Danaos Corporation $2.7B 5.0× 5.4× +4.66% (above 0%: growing) +16.81% (above 0%: growing) −81.11% (below 0%: shrinking) 72.84% 48.38% Compare
NMM Navios Maritime Partners LP $2.4B 5.5× 4.5× +25.22% (above 0%: growing) +147.01% (above 0%: growing) +252.84% (above 0%: growing) 65.58% 39.64% Compare
SFL SFL Corporation Ltd. $1.7B 22.9× 29.1× +4.25% (above 0%: growing) +2,400.00% (above 0%: growing) −18.32% (below 0%: shrinking) 63.23% 32.49% Compare
CMRE Costamare Inc. $1.6B 4.8× 5.4× −2.12% (below 0%: shrinking) +2.01% (above 0%: growing) −269.21% (below 0%: shrinking) 70.25% 44.91% Compare
Median of peers $2.9B 7.4× 5.4× +17.04% +162.98% +69.30% 64.41% 36.99%

All 38 Marine Shipping stocks →

Star Bulk Carriers Corp. (SBLK) Latest News

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SBLK metrics, ten years each

stockrow.com/SBLK · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com